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ALTAREA
(ALTA)
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Rating:53Neutral
Price Target:
€102.00
▲(3.87% Upside)
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
Diversified business model: development + services
Altarea’s mix of property development and recurring real-estate services/asset management provides structural revenue diversification. Development monetizes project value while services and asset management generate fee and rental streams that smooth cash flow across cycles and support long-term resilience.
Negative Factors
Declining revenue trend
A notable multi-year revenue decline and a sharp 2025 drop indicate reduced development volumes or sales pace. Persistently lower top-line reduces operating leverage, compresses fee income and limits scale benefits, making margins and cash generation more vulnerable over a 2–6 month horizon and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model: development + services
Altarea’s mix of property development and recurring real-estate services/asset management provides structural revenue diversification. Development monetizes project value while services and asset management generate fee and rental streams that smooth cash flow across cycles and support long-term resilience.
Read all positive factors
ALTAREA (ALTA) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.44B
Dividend Yield8.16%
Average Volume (3M)13.46K
Price to Earnings (P/E)―
Beta (1Y)0.71
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. Volume7,912
30 Day Avg. Volume13,455
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)6.97
Revenue Forecast (FY)€2.68B
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) property development income and (2) recurring revenues from real estate-related operations. In property development, revenues are generated by developing and selling assets: residential units sold to indiv...
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 | 397.70M | 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
Neutral
98.20
Price Trends
98.27
Positive
100.05
Negative
101.87
Negative
Market Momentum
0.17
Positive
50.64
Neutral
52.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALTA, the sentiment is Neutral. The current price of 98.2 is below the 20-day moving average (MA) of 99.57, below the 50-day MA of 98.27, and below the 200-day MA of 101.87, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 50.64 is Neutral, neither overbought nor oversold. The STOCH value of 52.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | €1.90B | 7.09 | 11.40% | 4.59% | 4.56% | -9.69% | |
70 Outperform | €135.22M | 7.90 | 6.91% | 6.14% | -18.85% | 19.87% | |
59 Neutral | €1.03B | 8.75 | 10.30% | 5.16% | 7.76% | 18.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €2.44B | -26.82 | -9.17% | 8.15% | -20.40% | ― |
* General Sector Average
FR:ALTA
ALTAREA
98.00
2.96
3.11%
FR:ARG
ARGAN SA
73.20
11.97
19.55%
FR:CBOT
CBO TERRITORIA
3.87
0.46
13.46%
FR:CFI
Compagnie Fonciere Internationale
1.30
-0.22
-14.25%
FR:CDA
Compagnie des Alpes
20.30
-0.95
-4.48%
FR:ALDV
Alliance Developpement Capital SIIC
0.08
-0.01
-14.77%
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.