Altium Limited (ALMFF)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Altium Limited (ALMFF) with AI Score 52/100 (Hold). Altium Limited develops and sells computer software for electronic product design, operating through Board and Systems, and Nexar segments. Market cap: 0, Sector: Technology.
Last analyzed: Mar 16, 2026Altium Limited (ALMFF) Technology Profile & Competitive Position
Altium Limited provides PCB design software and cloud-based solutions, distinguishing itself through its Altium 365 platform and Octopart search engine. Serving industries from automotive to aerospace, Altium's products facilitate electronic product design and component sourcing, positioning it as a key player in the application software sector with a global reach.
Investment Thesis
Altium Limited presents a compelling investment case based on its established market position in PCB design software and its expanding cloud-based offerings. With a P/E ratio of 96.75 and a profit margin of 25.3%, the company demonstrates profitability and growth potential. Key value drivers include the increasing complexity of electronic designs and the growing demand for collaborative design tools, both of which favor Altium's integrated solutions. The Altium 365 platform is a significant catalyst, driving recurring revenue and customer retention. Potential risks include competition from established players and the cyclical nature of the electronics industry. Investors should monitor Altium's ability to maintain its technological edge and expand its market share in key verticals.
Based on FMP financials and quantitative analysis
Key Highlights
- Market Cap of $6.33B reflects Altium's significant presence in the electronic design software market.
- P/E Ratio of 96.75 indicates investor expectations of future growth, though it is relatively high compared to the industry average.
- Profit Margin of 25.3% demonstrates Altium's ability to generate profits from its operations.
- Gross Margin of 52.8% showcases the value Altium adds through its software and services.
- Dividend Yield of 0.86% provides a modest income stream for investors.
Competitors & Peers
Strengths
- Strong brand recognition in the PCB design software market.
- Comprehensive product portfolio catering to diverse customer needs.
- Integrated Altium 365 platform fostering collaboration.
- Large and loyal customer base.
Weaknesses
- High P/E ratio may indicate overvaluation.
- Reliance on the cyclical electronics industry.
- Competition from larger, more diversified EDA vendors.
- Potential challenges in integrating acquired companies.
Catalysts
- Ongoing: Continued adoption of the Altium 365 platform will drive recurring revenue and customer retention.
- Ongoing: Expansion into the automotive and aerospace markets will increase market share and revenue.
- Upcoming: Integration of AI and machine learning into Altium's design software will enhance its capabilities and attract new customers.
- Upcoming: Potential strategic acquisitions will expand Altium's product portfolio and enter new markets.
- Ongoing: Growth in emerging markets will increase demand for Altium's PCB design software.
Risks
- Ongoing: Intense competition from established EDA vendors could erode market share.
- Potential: Rapid technological changes in the electronics industry could render Altium's products obsolete.
- Potential: Economic downturns impacting electronics manufacturing could reduce demand for Altium's software.
- Potential: Cybersecurity threats targeting design data and intellectual property could damage Altium's reputation and financial performance.
- Ongoing: Limited liquidity due to OTC market trading.
Growth Opportunities
- Expansion of Altium 365 Platform: The Altium 365 platform represents a significant growth opportunity, offering a cloud-based collaborative environment for PCB design. This platform can drive recurring revenue through subscriptions and attract new customers seeking integrated design solutions. The market for cloud-based EDA tools is projected to grow significantly, reaching billions of dollars by 2030, driven by the need for remote collaboration and data management. Altium's competitive advantage lies in its established user base and its comprehensive suite of design tools.
- Penetration of Automotive and Aerospace Markets: The automotive and aerospace industries are increasingly reliant on advanced electronics, creating a growing demand for PCB design software. Altium can expand its market share in these sectors by tailoring its solutions to meet the specific needs of automotive and aerospace engineers, such as high-reliability design and compliance with industry standards. These markets represent a multi-billion dollar opportunity, with growth driven by the electrification of vehicles and the increasing complexity of aerospace systems. Altium's focus on innovation and customer support can differentiate it from competitors.
- Integration of AI and Machine Learning: Integrating AI and machine learning into Altium's design software can enhance its capabilities and attract new customers. AI can be used to automate design tasks, optimize PCB layouts, and predict potential design flaws, improving efficiency and reducing development time. The market for AI-powered EDA tools is expected to grow rapidly, driven by the increasing complexity of electronic designs and the need for faster design cycles. Altium's investment in research and development can position it as a leader in this area.
- Strategic Acquisitions: Altium can pursue strategic acquisitions to expand its product portfolio and enter new markets. Acquiring companies with complementary technologies or established customer bases can accelerate Altium's growth and strengthen its competitive position. Potential acquisition targets include companies specializing in simulation software, signal integrity analysis, or embedded systems design. The market for EDA software is fragmented, offering numerous opportunities for consolidation. Altium's strong financial position and its track record of successful acquisitions make it well-positioned to execute this strategy.
- Expansion into Emerging Markets: Emerging markets, such as China and India, represent a significant growth opportunity for Altium. These markets are experiencing rapid growth in electronics manufacturing, creating a growing demand for PCB design software. Altium can expand its presence in these markets by establishing local sales and support offices, partnering with local distributors, and tailoring its products to meet the specific needs of local customers. These markets represent a multi-billion dollar opportunity, with growth driven by government initiatives to promote electronics manufacturing and the increasing affordability of electronic devices.
Opportunities
- Expansion of the Altium 365 platform to drive recurring revenue.
- Penetration of automotive and aerospace markets with tailored solutions.
- Integration of AI and machine learning to enhance design capabilities.
- Strategic acquisitions to expand product portfolio and enter new markets.
Threats
- Intense competition from established EDA vendors.
- Rapid technological changes in the electronics industry.
- Economic downturns impacting electronics manufacturing.
- Cybersecurity threats targeting design data and intellectual property.
Competitive Advantages
- Established Brand: Altium has a well-established brand and a strong reputation in the PCB design software market.
- Comprehensive Product Portfolio: Altium offers a comprehensive suite of PCB design tools, catering to a wide range of customer needs.
- Integrated Platform: The Altium 365 platform provides a unique and integrated environment for PCB design, fostering collaboration and efficiency.
- Large User Base: Altium has a large and loyal user base, providing a competitive advantage.
About ALMFF
Founded in 1985 and headquartered in La Jolla, California, Altium Limited develops and sells computer software crucial for the design of electronic products. The company operates through two primary segments: Board and Systems, which focuses on PCB design software, and Nexar, which encompasses cloud-based solutions and component sourcing. Altium's flagship products include Altium Designer, Altium NEXUS, CircuitStudio, and CircuitMaker, catering to a range of PCB design needs from hobbyist to professional. The Altium 365 cloud platform provides a collaborative environment for PCB design, while Altium Concord Pro offers library management solutions. Octopart, a search engine for electronic parts, streamlines component sourcing for engineers. Altium serves a diverse range of industries, including automotive, military/aerospace, bioscience and medical, communication, contract engineering, consumer electronics, education, entertainment, and industrial systems, demonstrating its broad applicability and market reach. Altium's evolution has been marked by a consistent focus on innovation and customer needs, solidifying its position as a leading provider of electronic design software.
What They Do
- Develops and sells PCB design software.
- Offers Altium Designer, a comprehensive PCB design platform.
- Provides Altium 365, a cloud-based collaboration platform for PCB design.
- Offers Altium NEXUS for enterprise-level PCB design management.
- Provides CircuitStudio and CircuitMaker for entry-level PCB design.
- Operates Octopart, a search engine for electronic components.
- Provides library management solutions through Altium Concord Pro.
Business Model
- Software Licensing: Altium generates revenue through the sale of software licenses for its PCB design tools.
- Subscription Services: The Altium 365 platform operates on a subscription model, providing recurring revenue.
- Maintenance and Support: Altium offers maintenance and support services to its customers, generating additional revenue.
- Component Sourcing: Octopart generates revenue through advertising and partnerships with component suppliers.
Industry Context
Altium operates in the electronic design automation (EDA) software market, a sector driven by the increasing complexity of electronic devices and the demand for faster design cycles. The industry is characterized by a mix of established players and niche providers, with competition focused on innovation, integration, and user experience. Market trends include the adoption of cloud-based design platforms and the integration of AI and machine learning into design workflows. Altium's focus on PCB design and its Altium 365 platform position it to capitalize on these trends, competing with companies like DRKTY and DTATF.
Key Customers
- Automotive manufacturers
- Aerospace and defense companies
- Consumer electronics companies
- Medical device manufacturers
- Contract engineering firms
Financials
Chart & Info
Altium Limited (ALMFF) stock price: Price data unavailable
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Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ALMFF.
Price Targets
Wall Street price target analysis for ALMFF.
MoonshotScore
What does this score mean?
The MoonshotScore rates ALMFF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Aram Mirkazemi
CEO
Aram Mirkazemi is the CEO of Altium Limited, leading a global team of 791 employees. His career spans various leadership roles in technology companies, focusing on software development and business strategy. He has a strong background in engineering and computer science, holding advanced degrees in these fields. Mirkazemi's expertise lies in driving innovation and scaling technology businesses in competitive markets. He is known for his customer-centric approach and his ability to build high-performing teams.
Track Record: Under Aram Mirkazemi's leadership, Altium has focused on expanding its cloud-based offerings and strengthening its position in the PCB design software market. Key achievements include the successful launch of the Altium 365 platform and the expansion of Altium's customer base in key verticals. Mirkazemi has also overseen strategic acquisitions to enhance Altium's product portfolio and enter new markets. His focus on innovation and customer satisfaction has contributed to Altium's growth and profitability.
ALMFF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Altium Limited (ALMFF) may not meet the minimum financial or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited information available to investors, and trading activity can be sporadic. Unlike companies listed on major exchanges like the NYSE or NASDAQ, OTC Other companies face less stringent regulatory oversight, potentially increasing investment risk. Investors should exercise caution and conduct thorough due diligence before investing in OTC Other stocks.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Disclosure: The lack of readily available financial information increases investment risk.
- Low Liquidity: Limited trading volume can make it difficult to buy or sell shares.
- Price Volatility: The OTC market is often more volatile than major exchanges.
- Regulatory Scrutiny: OTC stocks are subject to less regulatory oversight, increasing the potential for fraud or manipulation.
- Going Concern Risk: Companies on the OTC Other tier may face financial challenges or have limited operating history.
- Verify the company's financial statements and SEC filings (if any).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's financial health and going concern risk.
- Review the company's legal and regulatory compliance.
- Consult with a qualified financial advisor.
- Understand the risks associated with investing in OTC stocks.
- Established Business Operations: Altium has been in business since 1985, indicating a long operating history.
- Global Customer Base: Altium serves customers in diverse industries worldwide.
- Positive Profit Margin: Altium's profit margin of 25.3% suggests a viable business model.
- Product Innovation: Altium continues to innovate and develop new products, such as the Altium 365 platform.
- Employee Count: The company employs 791 people.
ALMFF Technology Stock FAQ
What does Altium Limited do?
Altium Limited specializes in developing and selling software solutions for the design of electronic products, primarily focusing on printed circuit boards (PCBs). The company's flagship product, Altium Designer, provides a comprehensive suite of tools for PCB design, simulation, and manufacturing. Altium also offers the Altium 365 platform, a cloud-based collaborative environment for PCB design, and Octopart, a search engine for electronic components. Altium's solutions cater to a wide range of industries, including automotive, aerospace, and consumer electronics, enabling engineers to design and develop innovative electronic products.
What do analysts say about ALMFF stock?
Analyst coverage of ALMFF is limited due to its OTC listing. However, key valuation metrics such as the P/E ratio of 96.75 suggest that investors have high expectations for future growth. The company's profit margin of 25.3% indicates a healthy business model, but the high P/E ratio warrants caution. Growth considerations include the adoption of the Altium 365 platform and expansion into new markets. Investors should conduct their own due diligence and consider the risks associated with investing in OTC stocks.
What are the main risks for ALMFF?
The main risks for Altium Limited include intense competition from established EDA vendors, rapid technological changes in the electronics industry, and economic downturns impacting electronics manufacturing. Cybersecurity threats also pose a risk to Altium's design data and intellectual property. Additionally, as an OTC-listed stock, ALMFF faces risks related to limited disclosure, low liquidity, and price volatility. Investors should carefully consider these risks before investing in ALMFF.
What are the key factors to evaluate for ALMFF?
Altium Limited (ALMFF) currently holds an AI score of 52/100, indicating moderate score. Key strength: Strong brand recognition in the PCB design software market.. Primary risk to monitor: Ongoing: Intense competition from established EDA vendors could erode market share.. This is not financial advice.
How frequently does ALMFF data refresh on this page?
ALMFF prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven ALMFF's recent stock price performance?
Recent price movement in Altium Limited (ALMFF) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Strong brand recognition in the PCB design software market.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider ALMFF overvalued or undervalued right now?
Determining whether Altium Limited (ALMFF) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying ALMFF?
Before investing in Altium Limited (ALMFF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may be less reliable than exchange-listed data.
- Analyst coverage of ALMFF is limited.