Alstom SA

ALO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€14.50	Lndztx	Vktxwmy

Alstom Earnings: Bad News Continues, Equity Issuance More Likely, Reducing Our Fair Value Estimate

Loredana Muharremi

Nov 16, 2023

Business Strategy and Outlook

Alstom offers a comprehensive portfolio, including rolling stock (53% of revenue), services (23%), and signaling and systems (24%), setting it apart from competitors. With developments in rail infrastructure in emerging countries, advances in eco-friendly transit, and automation in railways, Alstom's growth potential is significant.

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