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ALTAREA
(ALTA)
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Rating:53Neutral
Price Target:
€73.00
▼(-25.51% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by uneven financial performance: contracting revenue, very thin and volatile profitability, and elevated leverage. Technical indicators provide moderate support (positive MACD and price above short-term averages), and valuation is helped by the high dividend yield, but the negative P/E underscores earnings instability and limits upside to the overall score.
Positive Factors
Integrated real estate platform
Coverage of the real estate value chain can support control over project execution and customer delivery while creating several potential earnings channels. Development profits are complemented by income from owned and managed assets, giving the model broader foundations than a single activity.
Negative Factors
Declining revenue
The recent contraction in revenue signals weaker development activity or delivery contribution and reduces operating scale. If the decline persists, fixed overhead and project costs become harder to absorb, potentially limiting reinvestment and weakening the company’s medium-term earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated real estate platform
Coverage of the real estate value chain can support control over project execution and customer delivery while creating several potential earnings channels. Development profits are complemented by income from owned and managed assets, giving the model broader foundations than a single activity.
Read all positive factors
ALTAREA (ALTA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.78B
Dividend Yield11.08%
Average Volume (3M)14.02K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth-20.40%
EPS GrowthN/A
CountryFR
Employees1,625
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)1.52
Shares Outstanding24,760,832
10 Day Avg. Volume13,195
30 Day Avg. Volume14,023
Financial Highlights & Ratios
PEG Ratio10.74
Price to Book (P/B)1.52
Price to Sales (P/S)1.19
P/FCF Ratio-65.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)7.49
Revenue Forecast (FY)€2.23B
ALTAREA Business Overview & Revenue Model
Company Description
Altarea holds the position of France's leading property developer. Operating as both a developer and an investor, the group is active in the three primary real estate segments – retail, residential, and commercial property – which enables it to le...
How the Company Makes Money
Altarea primarily makes money through (1) real estate development revenues, recognized as it develops and delivers projects to end customers, and (2) recurring income generated by real estate assets it owns and manages. In property development, ca...
ALTAREA Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
42
Neutral
Cash Flow
51
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00B | 2.08B | 2.71B | 2.71B | 3.03B | 2.81B |
| Gross Profit | 484.90M | 497.00M | 590.40M | 465.90M | 352.00M | 351.80M |
| EBITDA | 205.00M | 177.30M | 218.50M | -98.70M | 314.50M | 337.20M |
| Net Income | 35.80M | 8.40M | 6.10M | -472.90M | 74.40M | 72.20M |
Balance Sheet | ||||||
| Total Assets | 7.69B | 7.96B | 8.40B | 8.34B | 4.28B | 4.48B |
| Cash, Cash Equivalents and Short-Term Investments | 277.90M | 383.50M | 804.10M | 713.10M | 952.30M | 1.63B |
| Total Debt | 2.71B | 2.58B | 2.74B | 2.68B | 1.31B | 1.69B |
| Total Liabilities | 4.78B | 4.88B | 5.24B | 5.12B | 3.13B | 3.40B |
| Stockholders Equity | 1.51B | 1.64B | 1.69B | 1.75B | 1.10B | 2.24B |
Cash Flow | ||||||
| Free Cash Flow | 124.30M | -38.10M | 400.40M | 320.20M | -22.40M | 33.70M |
| Operating Cash Flow | 220.00M | 66.40M | 432.30M | 330.50M | -20.60M | 43.60M |
| Investing Cash Flow | -197.50M | -186.30M | -20.70M | 63.60M | -43.10M | -19.50M |
| Financing Cash Flow | -100.30M | -277.80M | -301.50M | -438.80M | -504.60M | 137.80M |
ALTAREA Technical Analysis
Negative
98.00
Price Trends
89.27
Negative
93.56
Negative
99.82
Negative
Market Momentum
-4.62
Positive
13.07
Positive
0.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTA, the sentiment is Negative. The current price of 98 is above the 20-day moving average (MA) of 80.35, above the 50-day MA of 89.27, and below the 200-day MA of 99.82, indicating a bearish trend. The MACD of -4.62 indicates Positive momentum. The RSI at 13.07 is Positive, neither overbought nor oversold. The STOCH value of 0.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALTA.
ALTAREA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €1.73B | 6.52 | 10.98% | 5.13% | 4.56% | -9.69% | |
59 Neutral | €840.01M | 7.12 | 10.30% | 6.66% | 7.76% | 18.31% | |
58 Neutral | €127.92M | 7.36 | 6.89% | 6.52% | -7.14% | 19.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €1.78B | -25.89 | -5.57% | 11.08% | -20.40% | ― |
* General Sector Average
FR:ALTA
ALTAREA
72.20
-19.05
-20.88%
FR:ARG
ARGAN SA
67.30
5.97
9.74%
FR:CBOT
CBO TERRITORIA
3.68
0.26
7.57%
FR:CFI
Compagnie Fonciere Internationale
1.21
-0.20
-14.37%
FR:CDA
Compagnie des Alpes
16.52
-3.16
-16.04%
FR:ALDV
Alliance Developpement Capital SIIC
0.06
-0.01
-15.38%
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.