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
|
GE
|
SIE
|
|---|---|---|---|
Price/Earnings (Normalized) | 24.03 | 38.44 | 25.80 |
Price/Book Value | 0.75 | 17.63 | 3.02 |
Price/Sales | 0.39 | 5.94 | 2.58 |
Price/Cash Flow | 6.48 | 31.84 | 17.58 |
|
Metric
|
ALO
|
GE
|
SIE
|
|---|---|---|---|
Quick Ratio | 0.64 | 0.60 | 1.14 |
Current Ratio | 0.94 | 0.98 | 1.44 |
Interest Coverage | 3.91 | 11.76 | 6.49 |
|
Metric
|
ALO
|
GE
|
SIE
|
|---|---|---|---|
Return on Assets (Normalized) | 1.61% | 6.30% | 5.28% |
Return on Equity (Normalized) | 5.72% | 44.59% | 13.71% |
Return on Invested Capital (Normalized) | 4.32% | 21.58% | 6.47% |
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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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