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Altri S.G.P.S

DB:ACJ
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACJ
DB
€1B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Altri, S.G.P.S., S.A. produces bleached eucalyptus pulp in Portugal and internationally. The last earnings update was 13 days ago. More info.


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ACJ Share Price and Events
7 Day Returns
-6%
DB:ACJ
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-28.9%
DB:ACJ
-11.9%
Europe Forestry
3%
DE Market
ACJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altri S.G.P.S (ACJ) -6% -13.2% -11.1% -28.9% - -
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • ACJ underperformed the Forestry industry which returned -11.9% over the past year.
  • ACJ underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
ACJ
Industry
5yr Volatility vs Market

ACJ Value

 Is Altri S.G.P.S undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Altri S.G.P.S to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Altri S.G.P.S.

DB:ACJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € 0.48214285714286
Payout Ratio Company Filings (2019-06-30) 5832.9%
Discount Rate (Cost of Equity) See below 16.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ACJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 21%) (72.08%))
1.796
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.796 * 9.02%)
16.43%

Discounted Cash Flow Calculation for DB:ACJ using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Altri S.G.P.S is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:ACJ Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.48 / (16.43% - 0.23%)
€2.73
DB:ACJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ACJ represents 0.95791x of ENXTLS:ALTR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95791x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.98 x 0.95791
€2.85
Value per share (EUR) From above. €2.85
Current discount Discount to share price of €5.24
= -1 x (€5.24 - €2.85) / €2.85
-83.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Altri S.G.P.S is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Altri S.G.P.S's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altri S.G.P.S's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ACJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.92
ENXTLS:ALTR Share Price ** ENXTLS (2019-10-11) in EUR €5.47
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Altri S.G.P.S.

DB:ACJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTLS:ALTR Share Price ÷ EPS (both in EUR)

= 5.47 ÷ 0.92

5.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altri S.G.P.S is good value based on earnings compared to the Europe Forestry industry average.
  • Altri S.G.P.S is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Altri S.G.P.S's expected growth come at a high price?
Raw Data
DB:ACJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-2.6%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:ACJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.95x ÷ -2.6%

-2.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altri S.G.P.S earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altri S.G.P.S's assets?
Raw Data
DB:ACJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €2.12
ENXTLS:ALTR Share Price * ENXTLS (2019-10-11) in EUR €5.47
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:ACJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTLS:ALTR Share Price ÷ Book Value per Share (both in EUR)

= 5.47 ÷ 2.12

2.57x

* Primary Listing of Altri S.G.P.S.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altri S.G.P.S is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Altri S.G.P.S's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Forestry industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Forestry industry average (and greater than 0)? (1 check)
  5. Altri S.G.P.S has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ACJ Future Performance

 How is Altri S.G.P.S expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altri S.G.P.S expected to grow at an attractive rate?
  • Altri S.G.P.S's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Altri S.G.P.S's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Altri S.G.P.S's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ACJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ACJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -2.6%
DB:ACJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.5%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ACJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ACJ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 789 221 116 2
2022-12-31 809 215 121 3
2021-12-31 801 219 121 4
2020-12-31 803 227 115 5
2019-12-31 775 233 115 5
2019-10-13
DB:ACJ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 806 204 189
2019-03-31 811 247 199
2018-12-31 778 235 194
2018-09-30 749 274 148
2018-06-30 710 268 128
2018-03-31 671 227 112
2017-12-31 656 208 96
2017-09-30 641 173 88
2017-06-30 624 135 78
2017-03-31 601 100 69
2016-12-31 603 101 77
2016-09-30 616 136 90

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altri S.G.P.S's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Altri S.G.P.S's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ACJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Altri S.G.P.S Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ACJ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.40 0.40 0.40 1.00
2022-12-31 0.52 0.53 0.51 2.00
2021-12-31 0.57 0.60 0.54 3.00
2020-12-31 0.59 0.82 0.32 5.00
2019-12-31 0.56 0.69 0.45 5.00
2019-10-13
DB:ACJ Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.92
2019-03-31 0.97
2018-12-31 0.95
2018-09-30 0.72
2018-06-30 0.63
2018-03-31 0.54
2017-12-31 0.47
2017-09-30 0.43
2017-06-30 0.38
2017-03-31 0.34
2016-12-31 0.38
2016-09-30 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Altri S.G.P.S is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Altri S.G.P.S's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Altri S.G.P.S has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ACJ Past Performance

  How has Altri S.G.P.S performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Altri S.G.P.S's growth in the last year to its industry (Forestry).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Altri S.G.P.S has delivered over 20% year on year earnings growth in the past 5 years.
  • Altri S.G.P.S's 1-year earnings growth exceeds its 5-year average (46.9% vs 25.5%)
  • Altri S.G.P.S's earnings growth has exceeded the Europe Forestry industry average in the past year (46.9% vs 1.2%).
Earnings and Revenue History
Altri S.G.P.S's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Altri S.G.P.S Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ACJ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 805.91 188.55 52.25
2019-03-31 811.09 198.58 51.10
2018-12-31 777.61 194.50 50.15
2018-09-30 749.34 148.50 47.35
2018-06-30 710.24 128.33 47.02
2018-03-31 670.85 111.59 46.89
2017-12-31 656.06 96.07 46.29
2017-09-30 640.74 87.92 45.16
2017-06-30 624.44 78.31 44.65
2017-03-31 600.50 68.98 44.55
2016-12-31 602.95 76.98 44.62
2016-09-30 616.03 90.00 45.81
2016-06-30 648.63 107.60 46.50
2016-03-31 665.47 120.62 46.05
2015-12-31 656.97 117.66 46.00
2015-09-30 631.22 99.23 43.54
2015-06-30 591.63 74.95 41.97
2015-03-31 567.27 51.87 41.06
2014-12-31 542.68 37.38 40.24
2014-09-30 527.70 35.07 37.48
2014-06-30 528.23 37.79 37.09
2014-03-31 543.36 48.82 36.85
2013-12-31 559.07 55.35 36.68
2013-09-30 562.68 55.64 36.91
2013-06-30 556.79 60.24 37.70
2013-03-31 550.97 60.02 40.56
2012-12-31 530.11 52.18 40.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Altri S.G.P.S made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Altri S.G.P.S used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Altri S.G.P.S has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Altri S.G.P.S's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Forestry industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Altri S.G.P.S has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ACJ Health

 How is Altri S.G.P.S's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Altri S.G.P.S's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altri S.G.P.S is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altri S.G.P.S's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Altri S.G.P.S's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Altri S.G.P.S Company Filings, last reported 3 months ago.

DB:ACJ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 435.64 725.41 222.92
2019-03-31 549.11 707.83 323.08
2018-12-31 521.60 675.67 240.77
2018-09-30 445.47 701.15 344.76
2018-06-30 400.52 709.15 332.10
2018-03-31 427.03 629.15 262.79
2017-12-31 394.57 583.59 193.60
2017-09-30 366.88 670.05 233.00
2017-06-30 337.92 647.70 190.03
2017-03-31 362.76 640.01 206.61
2016-12-31 343.64 740.66 300.09
2016-09-30 327.62 610.49 151.49
2016-06-30 310.86 564.09 103.13
2016-03-31 347.46 519.97 107.40
2015-12-31 322.35 683.67 243.15
2015-09-30 340.78 655.14 201.97
2015-06-30 306.44 701.65 202.93
2015-03-31 294.76 749.37 239.02
2014-12-31 272.26 782.74 260.86
2014-09-30 257.11 788.51 250.18
2014-06-30 247.05 898.02 338.26
2014-03-31 250.36 877.55 307.45
2013-12-31 241.81 812.00 232.45
2013-09-30 227.15 766.53 172.79
2013-06-30 210.68 821.41 211.29
2013-03-31 195.98 733.72 98.75
2012-12-31 183.93 756.84 112.39
  • Altri S.G.P.S's level of debt (166.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (362.8% vs 166.5% today).
  • Debt is well covered by operating cash flow (28.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.5x coverage).
X
Financial health checks
We assess Altri S.G.P.S's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Altri S.G.P.S has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ACJ Dividends

 What is Altri S.G.P.S's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
13.17%
Current annual income from Altri S.G.P.S dividends. Estimated to be 8.82% next year.
If you bought €2,000 of Altri S.G.P.S shares you are expected to receive €263 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Altri S.G.P.S's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Altri S.G.P.S's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ACJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ACJ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.26 1.00
2022-12-31 0.37 2.00
2021-12-31 0.50 3.00
2020-12-31 0.42 5.00
2019-12-31 0.72 3.00
2019-10-13
DB:ACJ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.720 12.095
2019-03-13 0.720 10.036
2018-04-13 0.300 4.099
2018-03-08 0.300 5.744
2017-07-27 0.250 5.381
2017-04-03 0.250 5.940
2017-03-03 0.250 5.977
2016-03-30 0.250 7.229
2015-11-27 0.250 6.251
2015-04-23 0.080 2.087
2014-05-08 0.042 1.686
2013-04-24 0.025 1.152
2012-04-26 0.020 1.470
2011-06-02 0.020 1.654
2010-04-16 0.000 0.000
2009-11-25 0.000 0.000
2009-08-28 0.000 0.000
2009-08-26 0.000 0.000
2009-05-27 0.000 0.000
2009-04-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Altri S.G.P.S has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Altri S.G.P.S only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Altri S.G.P.S's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Altri S.G.P.S's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Altri S.G.P.S afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altri S.G.P.S has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ACJ Management

 What is the CEO of Altri S.G.P.S's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paulo dos Santos Fernandes
COMPENSATION €0
TENURE AS CEO 4.3 years
CEO Bio

Mr. Paulo Jorge dos Santos Fernandes is a Co-founder at Cofina Sgps, S.a. and serves as its Executive Chairman, Chief Executive Officer and President. Mr. dos Santos Fernandes serves as the President of the Board at Altri, S.G.P.S., S.A. and has been its Co-Chief Executive Officer since June 2015. He serves as the Chairman at Celbi, Caima and Celtejo Divisions at Altri S.G.P.S, S.A. and has been its Director since March 2005. He develops activities in the media and industrial operations, as well as in the strategic definition of the Cofina SGPS, S.A. He serves as the Chairman of Cofina Media, SGPS, S.A. He served as Board Member and Manager of Caima – Indústria de Celulose, S.A., Canal de Negócios – Edição de Publicações, Lda., Celtejo – Empresa de Celulose do Tejo, S.A., Celulose do Caima, S.G.P.S., S.A., Cofihold, S.G.P.S., S.A., Cofina.com II, S.G.P.S., S.A., Cofinagest.com, Consultoria, S.A., CPK – Companhia Produtora de Papel Kraftsack, S.A.; Edisport – Soc. de Publicações Desportivas, S.A.; F. Ramada – Participações, S.G.P.S., S.A., F. Ramada – Produção e Comercialização de Estruturas Metálicas de Armazenagem, S.A.; F. Ramada II Imobiliária, S.A., F. Ramada Serviços de Gestão, Lda., F. Ramada, Aços e Indústrias, S.A.; IMC – Investimentos, Média e Conteúdos, S.G.P.S., S.A., Invescaima, S.G.P.S., S.A.; Investec II, S.G.P.S., S.A.; Investec Media, S.G.P.S., S.A.; Mediafin – S.G.P.S., S.A.; Presselivre – Imprensa Livre, S.A.; Prestimo – Prestígio Imobiliário, S.A.; Rodão Power, S.A.; and Sociedade Imobiliária Porto Seguro –Investimentos Imobiliários, S.A. He served as an Assistant Director of Production at CORTAL from 1982 to 1984; Managing Director at CORTAL from 1986 to 1989. He served as Chairman of the Board of Directors at CORTAL from 1989 to 1994; and Chairman of the Board of Directors at ATLANTIS - Cristais de Alcobaça, SA since 1997. He has been Director of F Ramada Investimentos SGPS SA since June 1, 2008. He has been an Executive Director at Cofina SGPS, S.A. since 1990. He served as Director of Investimentos Participacoes e Gestao SA (INAPA) from April 9, 2008 to February 2009. He served as Board member at CRISAL - CRISTAIS DE ALCOBAÇA, SA since 1995; Vista Alegre, SA Group since 1997; SIC from 2000 to 2001; and V.A.A. since 2001. He served as President of FEMB (Fédération Européene de Mobilier de Bureau) for Portugal from 1989 to 1994; Chairman of the General Meeting of Assoc. Industr. Águeda from 1989 to 1990; and Member of the Consulting Board at Assoc. Ind. Portuense from 1991 to 1993. Mr. dos Santos Fernandes holds Degree in Electronic Engineering from Universidade do Porto and later concluded his MBA at the Universidade de Lisboa.

CEO Compensation
  • Paulo's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paulo's remuneration is lower than average for companies of similar size in Germany.
Management Team

Paulo dos Santos Fernandes

TITLE
President of the Board & Co-CEO
TENURE
4.3 yrs

João Manuel Borges de Oliveira

TITLE
VP of Board & Co-CEO
AGE
59
TENURE
4.3 yrs

Cláudia Gonçalves dos Santos Dias

TITLE
Secretary
Board of Directors Tenure

Average tenure of the Altri S.G.P.S board of directors in years:

5.5
Average Tenure
  • The tenure for the Altri S.G.P.S board of directors is about average.
Board of Directors

João Manuel Borges de Oliveira

TITLE
VP of Board & Co-CEO
AGE
59

Pedro Nuno de Sá Pessanha da Costa

TITLE
President of the Supervisory Board
COMPENSATION
€15K

Paulo dos Santos Fernandes

TITLE
President of the Board & Co-CEO

Domingos José de Matos

TITLE
Director
TENURE
14.6 yrs

Laurentina da Silva Martins

TITLE
Non-Executive Director
TENURE
10.6 yrs

Pedro Miguel Matos de Oliveira

TITLE
Director
TENURE
5.5 yrs

Ana Rebelo De Carvalho Menéres Mendonça

TITLE
Non-Executive Director
TENURE
5.5 yrs

José de Almeida Archer

TITLE
Non-Executive Director
TENURE
4.1 yrs

André Seabra Pinto

TITLE
Member of Supervisory Board
COMPENSATION
€3K

Guilherme Paulo Aires da Mota Monteiro

TITLE
Member of Supervisory Board
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Altri S.G.P.S's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Altri S.G.P.S has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ACJ News

Simply Wall St News

ACJ Company Info

Description

Altri, S.G.P.S., S.A. produces bleached eucalyptus pulp in Portugal and internationally. The company offers bleached eucalyptus kraft pulp for use in a range of papers, such as fine paper grades, tissues, and printing and writing papers; and dissolving pulp for use in textile production. It is also involved timber commercialization; forest management; the production of energy from forest resources, such as industrial cogeneration from black liquor and biomass; agriculture production; real estate activities; and production of plants in nurseries, as well as the provision of services related with forests and landscapes. The company also exports its products. Altri, S.G.P.S., S.A. was founded in 2005 and is headquartered in Porto, Portugal.

Details
Name: Altri, S.G.P.S., S.A.
ACJ
Exchange: DB
Founded: 2005
€1,121,044,587
205,131,672
Website: http://www.altri.pt
Address: Altri, S.G.P.S., S.A.
Rua General Norton de Matos, 68, r/c,
Porto,
Norte, 4050-424,
Portugal
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTLS ALTR Ordinary Shares Euronext Lisbon PT EUR 01. Mar 2005
DB ACJ Ordinary Shares Deutsche Boerse AG DE EUR 01. Mar 2005
LSE 0DJV Ordinary Shares London Stock Exchange GB EUR 01. Mar 2005
BATS-CHIXE ALTRU Ordinary Shares BATS 'Chi-X Europe' GB EUR 01. Mar 2005
Number of employees
Current staff
Staff numbers
735
Altri S.G.P.S employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:50
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/07
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.