Alstom S.A. (ALO.PA) stock analysis

In our weekly check, Alstom S.A. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 4.

About Alstom S.A.

Alstom S.A. is an Industrials company (Railroads) based in France, listed on PAR as ALO.PA.

What our checks show for ALO.PA

Red flags

• The net margin is only 1.7%: little room if costs rise.
• The stock has fallen as much as 88% from a peak. Would you have held through that?
• The share count grew by 20.6% in 2 years: each shareholder owns a smaller slice.
• Return on capital (ROCE) is only 4.8%.

Warning signs

• Free cash flow is only 1.7% of revenue.
• The price swings a lot: 49.8% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.

Strengths

• Net debt is only 1.3x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 9.1 times over.
• The net margin rose by 5.4 points over 5 years, to 1.7%.
• Operating cash flow is 2.75x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 48.2% a year over the next years.
• Analysts expect the net margin to improve by 3 points from today's 1.7%.

Next earnings report: 2026-11-17

Similar companies

GET.PA · TRN · WAB · GBX · NSC

Questions

What grade does Alstom S.A. (ALO.PA) have?

In our weekly check, Alstom S.A. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 3, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ALO.PA stock?

This week's biggest flags for Alstom S.A.: Thin margins, Deep past fall, Share dilution. In total 7 of 24 checks show a warning or a red flag.

What does Alstom S.A. do?

Alstom S.A. is an Industrials company (Railroads) based in France, listed on PAR as ALO.PA.

When does Alstom S.A. report earnings next?

The next earnings report is expected on 2026-11-17. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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