Alstom SA

ALO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€41.10	Ycdtg	Cwrgvprlc

Lowering Our Fair Value Estimate for Alstom to EUR 20.90 as Management Finalizes Capital Increase

Loredana Muharremi

May 27, 2024

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.

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