Alstom: Improving Execution and Backlog Conversion Support Profitable Growth
Alstom offers a comprehensive portfolio, including rolling stock (51% of revenue), services (24%), and signaling and systems (25%), setting it apart from competitors.
Alstom offers a comprehensive portfolio, including rolling stock (51% of revenue), services (24%), and signaling and systems (25%), setting it apart from competitors.
A EUR-100-billion backlog, 58% from higher-margin services and signaling, and a growing European rail market provide exceptional revenue visibility and a credible recovery path once ramp-ups stabilize.
Three consecutive years of cash disappointments and two profit warnings since Bombardier suggest execution failures are systemic—better backlog quality has not translated into better delivery.
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Metric
|
ALO
|
SIE
|
BBD.B
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.47 | 26.35 | 22.03 |
Price/Book Value | 0.71 | 3.09 | — |
Price/Sales | 0.37 | 2.63 | 2.34 |
Price/Cash Flow | 6.06 | 17.95 | 19.64 |
|
Metric
|
ALO
|
SIE
|
BBD.B
|
|---|---|---|---|
Quick Ratio | 0.64 | 1.14 | 0.33 |
Current Ratio | 0.94 | 1.44 | 1.13 |
Interest Coverage | 3.91 | 6.49 | 2.42 |
|
Metric
|
ALO
|
SIE
|
BBD.B
|
|---|---|---|---|
Return on Assets (Normalized) | 1.61% | 5.28% | 7.85% |
Return on Equity (Normalized) | 5.72% | 13.71% | — |
Return on Invested Capital (Normalized) | 4.32% | 6.47% | 37.21% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
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Market Cap
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