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Alstom SA (ALO) AI Stock Analysis

FR:ALO

Alstom SA

(Paris:ALO)

Select Model
Rating:57Neutral
Price Target:EUR 17.00â–²(7.53% Upside)
Action:reiterated
Date:08/17/26

The score is primarily driven by improving financial performance (revenue growth and a return to profitability) but is held back by thin margins and historically volatile, weakening free cash flow in the latest year. Technical signals are neutral-to-soft with the stock below longer-term moving averages, and valuation is only average with a ~22.9 P/E and no dividend support provided.

Positive Factors
Diversified business model & recurring servicesAlstom's mix of rolling stock, signaling, turnkey projects and lifecycle services creates recurring revenue and long client relationships. Services and maintenance contracts provide steadier cash flows and margin visibility over multi-year cycles, enhancing resilience versus pure-build peers.
Negative Factors
Thin margins and earnings volatilityMargins remain modest for a large systems integrator, leaving limited buffer against cost inflation, project overruns or competitive pricing. Historical swings into losses highlight operational and execution risk that can quickly erode returns and impair sustainable profitability.

Alstom SA (ALO) vs. iShares MSCI France ETF (EWQ)

-40%-30%-20%-10%0%10%20%30%40%50%FR:ALO-25.74%EWQ-1.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
EUR 7.31B
Dividend Yield
―
Average Volume (3M)
1.26M
Price to Earnings (P/E)
22.3
Beta (1Y)
0.84
Revenue Growth
3.69%
EPS Growth
98.88%
Country
France
Employees
87,832
Sector
General
Sector Strength
55
Industry
Railroads

Alstom SA Business Overview & Revenue Model

Company Description

Alstom S.A., established in 1992 and headquartered in Saint-Ouen, France, is a global provider of comprehensive solutions for the rail transport sector, operating across Europe, the Americas, Asia-Pacific, the Middle East, and Africa. The company's e...

How the Company Makes Money

Alstom primarily makes money by selling rail products and systems to public and private rail operators and by providing long-term services that generate recurring revenue over the life of the assets it supplies. Key revenue streams include: - Rolling...

Alstom SA Financial Statement Overview

Summary

Financials show an earnings turnaround with strong multi-year revenue growth and a return to positive profitability in 2025–2026. However, margins remain thin and historical volatility (prior losses and inconsistent cash generation) plus weaker free cash flow in 2026 vs. 2025 keep the score moderate.

Income Statement

63Positive

Balance Sheet

66Positive

Cash Flow

52Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue19.17B19.17B18.49B17.62B16.51B15.47B
Gross Profit2.17B2.17B2.30B2.21B1.97B1.73B
EBITDA1.51B1.51B1.26B762.00M766.00M754.00M
Net Income324.00M324.00M149.00M-309.00M-128.00M-576.00M
Balance Sheet
Total Assets35.01B35.01B34.59B33.25B31.40B30.52B
Cash, Cash Equivalents and Short-Term Investments2.33B2.33B2.27B976.00M826.00M810.00M
Total Debt4.30B4.30B3.52B4.66B3.70B3.69B
Total Liabilities24.97B24.97B24.01B24.48B22.29B21.49B
Stockholders Equity9.91B9.91B10.46B8.67B9.00B8.91B
Cash Flow
Free Cash Flow324.00M324.00M490.00M-567.00M175.00M-1.00B
Operating Cash Flow891.00M891.00M972.00M-82.00M606.00M-577.00M
Investing Cash Flow-552.00M-552.00M123.00M-431.00M-478.00M-443.00M
Financing Cash Flow-273.00M-273.00M244.00M696.00M-61.00M558.00M

Alstom SA Technical Analysis

Technical Analysis SentimentNegative
Last Price15.81

Price Trends

50DMA15.79Positive
100DMA15.88Negative
200DMA19.12Negative

Market Momentum

MACD0.11Positive
RSI48.87Neutral
STOCH59.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALO, the sentiment is Negative. The current price of 15.81 is below the 20-day moving average (MA) of 15.99, above the 50-day MA of 15.79, and below the 200-day MA of 19.12, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 48.87 is Neutral, neither overbought nor oversold. The STOCH value of 59.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALO.

Alstom SA Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

FR:ALO against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
FR:ENFR:EN77OutperformEUR 15.77B12.489.79%5.15%-1.41%17.79%
FR:CAPFR:CAP67NeutralEUR 21.64B15.6611.82%2.66%6.23%-11.48%
FR:ALGIRFR:ALGIR58NeutralEUR 14.50M-24.53-1.21%9.55%-3.49%-362.66%
FR:ALOFR:ALO57NeutralEUR 7.31B22.273.31%―3.69%98.88%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
FR:ALATIFR:ALATI50NeutralEUR 74.96M10.365.85%3.22%3.04%―
FR:BOLFR:BOL49NeutralEUR 10.54B44.251.07%2.12%――

* General Sector Average

Performance Comparison

-20%0%20%40%FR:ALOFR:ALATIFR:BOLFR:ENFR:CAPFR:ALGIRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
FR:ALO and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
FR:ALOAlstom SA15.81-5.44-25.60%
FR:ALATIActia group3.730.6621.66%
FR:BOLBollore3.770.3410.01%
FR:ENBouygues40.803.108.22%
FR:CAPCapgemini127.651.991.59%
FR:ALGIRSignaux Girod SA15.701.9514.21%

Alstom SA Corporate Events

Alstom Wins €270m Order to Double Victoria’s X’trapolis 2.0 Fleet

Aug 4, 2026

The Victorian Government has exercised an option worth €270 million for 25 additional X’trapolis 2.0 electric commuter trains from Alstom, doubling the fleet under manufacture in Victoria to 50 units. Built on Alstom’s Adessia platf...

Alstom to Contest AMF Objections in Ongoing Market Conduct Probe

Jul 30, 2026

The French Financial Markets Authority has been investigating Alstom’s financial communications and share trading since the 2021/22 period, and the proceedings remain ongoing. As part of this process, the company has received a formal statement...

Alstom reaches financial close on €2 billion Haifa-Nazareth light rail

Jul 28, 2026

Alstom and its consortium partners have reached financial close on the €2 billion Haifa-Nazareth NofiT light rail line in northern Israel, allowing the project to move into full-scale execution. The 41-kilometre line, awarded by Trans Israel, w...

Alstom Posts Higher Q1 Sales, Hits Key Rail Milestones While Reaffirming Outlook

Jul 22, 2026

Alstom reported first-quarter 2026/27 sales of €4.73 billion, up 4.9% year-on-year on a reported basis, driven by rolling stock, services and signalling despite a decline in systems. Orders fell to €2.56 billion from €4.08 billion,...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026