Is Altium Good Value?

Do you think with the current correction it is a good “value” buying opportunity into Altium (ALU) @ $14.70?

A: The stock (Altium) is certainly a little cheaper than it was a few weeks ago – so on that basis, the correction is an opportunity.

That said, I am not sure that I want to commit funds to a stock trading on a multiple of 44.1 x forecast FY18 earnings and 39.4x forecast FY19 earnings.

According to FN Arena, the consensus target price is $12.90 – exactly $2.00 below today’s closing price.

Regards


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