New Risk • Feb 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.06% net profit margin). New Risk • Feb 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Nov 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 17
First quarter 2026 earnings released: AR$7.86 loss per share (vs AR$10.07 profit in 1Q 2025) First quarter 2026 results: AR$7.86 loss per share (down from AR$10.07 profit in 1Q 2025). Revenue: AR$505.5b (up 30% from 1Q 2025). Net loss: AR$22.0b (down 178% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings. Announcement • Sep 17
Aluar Aluminio Argentino S.A.I.C., Annual General Meeting, Oct 29, 2025 Aluar Aluminio Argentino S.A.I.C., Annual General Meeting, Oct 29, 2025. Location: san martin 920 mezzanine floor, dazzler tower hotel, buenos aires Argentina Reported Earnings • Sep 12
Full year 2025 earnings released: EPS: AR$2.68 (vs AR$43.59 in FY 2024) Full year 2025 results: EPS: AR$2.68 (down from AR$43.59 in FY 2024). Revenue: AR$1.56t (up 26% from FY 2024). Net income: AR$7.51b (down 94% from FY 2024). Profit margin: 0.5% (down from 9.9% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). New Risk • May 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.0% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$731, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 8x in the Metals and Mining industry in South America. Total returns to shareholders of 806% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to AR$661, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 654% over the past three years. New Risk • Feb 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 13
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: AR$406.6b (up 13% from 2Q 2024). Net loss: AR$2.38b (loss narrowed 88% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 23
Dividend of AR$2.12 announced Shareholders will receive a dividend of AR$2.12. Ex-date: 31st December 2024 Payment date: 2nd January 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 0.3818%. Cash payout ratio: 2%. Reported Earnings • Nov 11
First quarter 2025 earnings released: EPS: AR$9.33 (vs AR$6.49 in 1Q 2024) First quarter 2025 results: EPS: AR$9.33 (up from AR$6.49 in 1Q 2024). Revenue: AR$359.0b (up 107% from 1Q 2024). Net income: AR$26.1b (up 44% from 1Q 2024). Profit margin: 7.3% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.9% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AR$905, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 1,517% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AR$1,015, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 10x in the Metals and Mining industry in South America. Total returns to shareholders of 1,743% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AR$924, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 10x in the Metals and Mining industry in South America. Total returns to shareholders of 2,240% over the past three years. Reported Earnings • Feb 14
Second quarter 2024 earnings released: AR$7.02 loss per share (vs AR$1.59 profit in 2Q 2023) Second quarter 2024 results: AR$7.02 loss per share (down from AR$1.59 profit in 2Q 2023). Revenue: AR$176.5b (up 177% from 2Q 2023). Net loss: AR$19.7b (down AR$24.1b from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 169% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AR$1,017, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 1,990% over the past three years. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to AR$923, the stock trades at a trailing P/E ratio of 41.6x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 2,032% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to AR$1,111, the stock trades at a trailing P/E ratio of 50.1x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 2,192% over the past three years. New Risk • Nov 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (28% accrual ratio). Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AR$1,043, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 2,110% over the past three years. New Risk • Oct 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$763, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 8x in the Metals and Mining industry in South America. Total returns to shareholders of 1,471% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AR$355, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 1,136% over the past three years. Major Estimate Revision • May 19
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from AR$255.1b to AR$258.6b. EPS estimate fell from AR$10.00 to AR$8.60 per share. Net income forecast to grow 193% next year vs 4.6% decline forecast for Metals and Mining industry in Argentina. Consensus price target up from AR$280 to AR$360. Share price rose 14% to AR$342 over the past week. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to AR$298, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 1,072% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AR$164, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 1,004% over the past three years. Major Estimate Revision • Feb 23
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from AR$294.7b to AR$255.1b. EPS estimate fell from AR$18.90 to AR$10.00 per share. Net income forecast to grow 189% next year vs 11% decline forecast for Metals and Mining industry in Argentina. Consensus price target up from AR$246 to AR$280. Share price fell 4.9% to AR$199 over the past week. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (10 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 15% share price gain to AR$139, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 292% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 24% share price gain to AR$139, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 721% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 23% share price gain to AR$105, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 467% over the past three years. Price Target Changed • Apr 27
Price target increased to AR$90.00 Up from AR$30.15, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of AR$93.40. Stock is up 102% over the past year. The company posted earnings per share of AR$1.56 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (10 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 23
Upcoming dividend of AR$0.071 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 03 January 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Argentinean dividend payers (4.9%). Lower than average of industry peers (6.7%). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 18% share price gain to AR$88.80, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 5x in the Metals and Mining industry in South America. Total returns to shareholders of 426% over the past three years. Upcoming Dividend • Oct 26
Inaugural dividend of AR$1.00 per share Eligible shareholders must have bought the stock before 02 November 2021. Payment date: 04 November 2021. The company last paid an ordinary dividend in September 2019. The average dividend yield among industry peers is 8.8%. Is New 90 Day High Low • Feb 23
New 90-day low: AR$45.70 The company is down 7.0% from its price of AR$49.05 on 24 November 2020. The Argentinean market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 36% over the same period. Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS AR$0.21 (vs AR$0.89 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: AR$17.5b (down 32% from 2Q 2020). Net income: AR$580.1m (down 77% from 2Q 2020). Profit margin: 3.3% (down from 9.8% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Price Target Changed • Dec 03
Price target raised to AR$34.15 Up from AR$30.15, the current price target is provided by 1 analyst. The new target price is 35% below the current share price of AR$52.40. As of last close, the stock is up 71% over the past year. Reported Earnings • Nov 25
First quarter 2021 earnings released: AR$0.19 loss per share The company reported a solid first quarter result with reduced losses and improved control over expenses, although revenues were flat. First quarter 2021 results: Revenue: AR$14.5b (flat on 1Q 2020). Net loss: AR$520.6m (loss narrowed 85% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 25
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 56%, compared to a 20% growth forecast for the Metals and Mining industry in Argentina. Is New 90 Day High Low • Oct 07
New 90-day high: AR$53.20 The company is up 45% from its price of AR$36.70 on 08 July 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. Reported Earnings • Sep 19
Full year earnings released - AR$1.31 loss per share Over the last 12 months the company has reported total losses of AR$3.66b, with earnings decreasing by AR$10.3b from the prior year. Total revenue was AR$63.4b over the last 12 months, up 25% from the prior year.