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ALTIUM LIMITED (ALU)

ALTIUM LIMITED (ALU)

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General Information
Company Name: Altium Limited
Stock Code: ALU
Website: www.altium.com
GICS Sub-Industry: Application Software
Market Cap ($M): 39
Equiv. Shares (M): 102

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.385 $ 0.385 $ 0.385 $ 0.385 $ 0.385 25,001 0%

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 5th Oct 2006
12 Month Target Price (average): $0
Brokers Surveyed: 1

Company Overview

Business Description:
Altium Limited (ALU) is engaged in the design, development and sale of computer software for the design of electronic products. ALU is based in Australia with sales operations in the following regions: Americas; Europe, Middle East and Africa; Greater China; and Asia Pacific. ALU offers various software and hardware products, including: Altium Designer; NanoBoard; Tasking; and Morfik.

Strategy Analysis:
Altium Limited's (ALU) core business is the development of electronic design automation (EDA) software products for the Microsoft Windows operating system. EDA software tools have traditionally been provided on expensive UNIX based mainframe systems. The company’s long term strategy is to develop desktop software tools that cover a broad range of electronic design technologies and are easy to learn, use and afford. The majority of ALU’s revenue is sourced from overseas. Altium’s products cover a range of hardware and software electronics design processes, and the current brands include nVisage, Protel, P-CAD, TASKING, Nexar, CircuitMaker and CAMtastic. ALU operates a number of sales and support offices in Australia, the United States, Japan, and Europe, as well as maintaining a large reseller network in all other major markets.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A -5.6 -5.7 -- 0.0 0.0 0.0 --
2010  A -12.1 -13.6 NaN 0.0 0.0 0.0 --
2009  A 1.3 1.5 -- 32.9 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Altium (ALU) $39 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ALU -- -- 10.03 -- 0.84
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.76 11.6 1.55 1.53 1.00

Directors
Name Position Start Date
Mr Samuel Scott Weiss Chairman 01 January 2007
Mr Nicholas M Martin Chief Executive Officer,Chief Technology Officer 01 January 1987
Mr Kayvan Oboudiyat Company Secretary,Vice Chairman 01 January 1996
Mr Carl John Rooke Non-Executive Director 01 January 1990
Mr David M Warren Non-Executive Director 01 January 1991
Mr William A Bartee Non-Executive Director 01 January 1999

Management
Name Position
Richard Leon Chief Finance Officer
Alan Perkins Chief Information Officer
Aram Mirkazemi Chief Of Engineering
Alison Raffin Company Secretary
Martin Harris Head of Global Field Operations
Matthew Schwaiger Senior Vice President, Global Customer Success

Substantial Shareholders
Holding Name
11,303,000 (11.03%) Mirkazemi Holdings Pty Ltd
22,524,650 (21.98%) Nicholas M Martin
4,547,873 (4.44%) Accident Compensation Corporation
8,672,346 (8.46%) Smallco Investment Manager Ltd
5,523,000 (5.39%) David Warren
5,005,000 (4.88%) SAS Trustee Corporation
5,402,113 (5.27%) Commonwealth Bank of Australia
6,823,834 (6.66%) Samuel Weiss
6,003,502 (5.86%) Carl Rooke

Calendar of Events
Date Event
27 February 2013 Report (Interim)
16 October 2012 Report (Quarterly)
05 October 2012 Report (Annual)
28 August 2012 Report (Prelim)
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