Alight Inc
ALIT—
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Alight Inc AI Insights
Informational only. Not investment advice.Snapshot
- TTM impairment charge of 1.34B (67% of equity) drove -2.2B net loss; excludes this, operating income was 25M positive[Asset Impairment Charge]
- FCF of 243M TTM (10.6% margin) despite GAAP losses - cash generation intact vs -94% net margin[Free Cash Flow TTM]
- Intangibles of 3.5B represent 176% of equity; tangible book value is -1.5B[Goodwill and Other Intangible Assets]
Watch Triggers
- Total Revenue TTM: Decline >5% YoY — Would signal accelerating customer attrition in sticky HR services business
- Free Cash Flow TTM: Falls below 150M — Would threaten dividend sustainability and debt service capacity
- Goodwill: Additional impairment >200M — Would indicate further business deterioration beyond current write-down
Bull Case
Trading at 0.49x P/S and 3.1x P/CF TTM with positive FCF - deep value if impairment is truly non-recurring
PS RatioPCF RatioFree Cash Flow TTM
243M FCF TTM covers 84M dividend (16c/share) and provides 22% yield on 1.1B market cap
Free Cash Flow TTMDividends Paid Per Share TTMMarket Cap TTM
Bear Case
Revenue declined -4.4% over 5Y while industry median grew 9%; structural demand erosion in HR services
Total Revenue 5yr GrowthTotal Revenue TTM
Debt/Equity of 1.07x with 2.1B debt vs 205M cash; interest expense of 88M TTM consumes 35% of operating income
Debt to EquityTotal DebtInterest Expense TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Normalized earnings power of ~100M+ obscured by 1.3B one-time impairment
1-3ymed
- Operating income 25M TTM pre-impairment
- FCF of 243M proves cash generation
- Impairment non-recurring capital write-down
Operating margin 1.1% TTM positiveFCF/Net Income divergence of 2.4BImpairment charge 1.34B one-time
Valuation Context
Caveats
ALIT Fundamentals
Professional, Scientific, and Technical Services → Professional, Scientific, and Technical Services
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$444.89M | — | ||
$2.38B | — | ||
0.00 | — | ||
$2.25B | -3.1% | — | |
$-5.86 | — | ||
0.89% | +3.4% | — | |
-138% | -134.6% | — | |
$259.0M | +144.3% | — | |
-118% | -116.1% | — | |
Beta 5Y (Monthly) | unknown | — |
ALIT Dividend History
5 dividends
2025
$0.160012/01/25$0.0400
09/02/25$0.0400
06/02/25$0.0400
03/03/25$0.0400
2024
$0.040012/02/24$0.0400
ALIT Stock Splits
No stock splits
ALIT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/05/26 | 03/31/26 | 10-Q | |
02/24/26 | 12/31/25 | 10-K | |
11/06/25 | 09/30/25 | 10-Q | |
08/05/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
02/27/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/06/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/01/23 | 09/30/23 | 10-Q | |
08/02/23 | 06/30/23 | 10-Q | |
05/09/23 | 03/31/23 | 10-Q | |
03/01/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/09/22 | 03/31/22 | 10-Q | |
03/10/22 | 12/31/21 | 10-K | |
11/12/21 | 09/30/21 | 10-Q | |
08/24/21 | 06/30/21 | 8-K | |
05/09/22 | 03/31/21 | 10-Q | |
08/24/21 | 12/31/20 | 10-K | |
11/12/21 | 09/30/20 | 10-Q | |
08/24/21 | 06/30/20 | 10-Q |