Buy Or Sell Opportunity • Jul 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to AU$21.82. The fair value is estimated to be AU$27.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Jul 04
ALS Limited to Report First Half, 2027 Results on Nov 23, 2026 ALS Limited announced that they will report first half, 2027 results on Nov 23, 2026 Announcement • Jun 12
ALS Limited, Annual General Meeting, Jul 28, 2026 ALS Limited, Annual General Meeting, Jul 28, 2026. Location: at rydges fortitude valley, 601 gregory terrace bowen hills, qld 4006 Australia Upcoming Dividend • Jun 05
Upcoming dividend of AU$0.39 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 67% and the cash payout ratio is 97%. Trailing yield: 1.8%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (3.1%). Reported Earnings • May 20
Full year 2026 earnings released: EPS: AU$0.63 (vs AU$0.53 in FY 2025) Full year 2026 results: EPS: AU$0.63 (up from AU$0.53 in FY 2025). Revenue: AU$3.32b (up 11% from FY 2025). Net income: AU$318.7m (up 24% from FY 2025). Profit margin: 9.6% (up from 8.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 24
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Christy Boyce was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Catharine E. Farrow was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 28
ALS Limited has completed a Follow-on Equity Offering in the amount of AUD 350.000003 million. ALS Limited has completed a Follow-on Equity Offering in the amount of AUD 350.000003 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,958,084
Price\Range: AUD 16.7
Discount Per Security: AUD 0.3006
Transaction Features: Subsequent Direct Listing Announcement • Feb 25
ALS Limited to Report Q2, 2026 Results on Nov 18, 2025 ALS Limited announced that they will report Q2, 2026 results on Nov 18, 2025 Announcement • Sep 25
ALS Limited Appoints Dayna Field as General Counsel and Company Secretary, Effective 1 October 2024 ALS Limited appointed Dayna Field as the company's new General Counsel and Company Secretary, effective 1 October 2024. Dayna brings extensive experience in legal, risk and governance, having held significant executive roles such as Chief Legal and Risk Officer at Virgin Australia Group and General Counsel at Griffith University. Her career has been marked by successfully guiding companies through complex and highly regulated environments. Dayna is also a Non-Executive Director on the Board of Gladstone Airport Corporation where she chairs the Risk and Compliance Committee. She holds a Bachelor of Commerce, Bachelor of Laws and Diploma of Legal Practice, is admitted to practice by the Queensland Supreme Court and High Court of Australia and is AICD certified. Dayna will be based at company’s head office in Brisbane, Australia. Announcement • Aug 13
ALS Limited Announces Resignation of Michael Pearson as Company Secretary & General Counsel ALS Limited announced that Michael Pearson, Company Secretary and General Counsel, has tendered his resignation from ALS. Michael will continue in his current role until 1 October 2024. A process to find a successor has commenced and a further announcement will be made in due course. The Board and Management wish to thank Michael for his excellent service and contribution to ALS over the past
seven years and wish him every success in the future. Announcement • Jun 27
ALS Limited to Report Fiscal Year 2025 Results on May 27, 2025 ALS Limited announced that they will report fiscal year 2025 results on May 27, 2025 Declared Dividend • May 23
Final dividend of AU$0.039 announced Shareholders will receive a dividend of AU$0.039. Ex-date: 12th June 2024 Payment date: 2nd July 2024 Dividend yield will be 1.7%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 14x earnings) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1,533% to bring the payout ratio under control. EPS is expected to grow by 109% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 71% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 14x earnings per share. Cash payout ratio: 96% Minor Risks High level of debt (98% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • May 21
Full year 2024 earnings released: EPS: AU$0.027 (vs AU$0.57 in FY 2023) Full year 2024 results: EPS: AU$0.027 (down from AU$0.57 in FY 2023). Revenue: AU$2.46b (up 8.0% from FY 2023). Net income: AU$12.9m (down 95% from FY 2023). Profit margin: 0.5% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Dec 20
ALS Limited Appoints Stuart Hutton as Chief Financial Officer, Effective 1 February 2024 ALS Limited has appointed Stuart Hutton as Chief Financial Officer following a comprehensive global search and selection process, effective 1 February 2024. This follows the company's recent announcement on 13 November 2023 of the resignation of Luis Damasceno who will leave the Company on 19 January 2024. Mr. Hutton joins ALS as a proven ASX CFO with over 20 years' experience in finance leadership and strategy delivery in global organizations headquartered in Australia such as Foxtel, Orora and Amcor. Education: Swinburne University of Technology, Melbourne, Victoria; BBus, Accounting 1988 and Chartered Accountant 1991. Experience: Foxtel Chief Financial Officer: August 2021 - September 2023, Orora Limited Chief Financial Officer: 2013 - 2020 and Amcor Limited VP Corporate Finance: 2010 - 2013. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$12.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Professional Services industry in Australia. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$12.81 per share. Announcement • Nov 16
ALS Limited Announces Stepdown of Luis Damasceno as Chief Financial Officer, Effective 19 January 2024 ALS Limited announced that after five years of service, Mr. Luis Damasceno, will be stepping away from his role as Chief Financial Officer to pursue other business opportunities with his last day being 19 January 2024. A process for selecting a new CFO, assessing internal and external candidates, will be undertaken in conjunction with an external advisory firm. Reported Earnings • Nov 15
First half 2024 earnings released: EPS: AU$0.28 (vs AU$0.30 in 1H 2023) First half 2024 results: EPS: AU$0.28 (down from AU$0.30 in 1H 2023). Revenue: AU$1.22b (up 8.9% from 1H 2023). Net income: AU$133.5m (down 7.6% from 1H 2023). Profit margin: 11% (down from 13% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 14
ALS Limited Appoints Heike Truöl as Chief Strategy Officer ALS Limited announced that Heike Truöl has been appointed as ALS' Chief Strategy Officer. Heike was appointed as the Chief Strategy Officer for the company on 1 November 2023. She was previously Chief Commercial Officer for MineHub Technologies and Executive Head, Commercial Services for Anglo American where she worked for 11 years. During that time, Heike helped evolve the strategy function, established the marketing business and had P&L responsibility for Anglo American's global shipping activity. Buying Opportunity • Oct 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$14.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings is also forecast to grow by 5.8% per annum over the same time period. Announcement • Jun 21
ALS Limited to Report Fiscal Year 2024 Results on May 21, 2024 ALS Limited announced that they will report fiscal year 2024 results on May 21, 2024 Recent Insider Transactions • Jun 08
Independent Chairman recently bought AU$584k worth of stock On the 6th of June, Bruce Phillips bought around 50k shares on-market at roughly AU$11.68 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Bruce's only on-market trade for the last 12 months. Announcement • Jun 07
ALS Limited Announces Board Changes ALS Limited announces planned transitional changes to the ALS Board that will mark the retirement of independent non-executive director Charles Sartain and welcome the appointment of Nigel Garrard. Mr. Sartain retires from the ALS Board after a period of 8 years, during which he chaired the Sustainability & Innovation Committee as well as being a member of the Audit & Risk Committee. As part of the planned transition, Nigel Garrard joins the Board as an independent non-executive director following on from his role as an ALS Board Adviser which commenced in April 2023. Mr. Garrard will join the Board effective 7 June 2023 following Mr. Sartain's retirement which is effectiveimmediately. Mr. Garrard will fill a casual vacancy on the Board and will seek formal election to the Board at the Company's forthcoming Annual General Meeting on 26 July 2023. Upcoming Dividend • Jun 02
Upcoming dividend of AU$0.19 per share at 3.4% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Australian dividend payers (7.4%). In line with average of industry peers (3.6%). Buying Opportunity • May 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be AU$14.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 6.7% per annum over the same time period. Announcement • May 30
ALS Limited Declares Final Dividend for the Fiscal Year 2023, Payable on 6 July 2023 ALS Limited declared a final dividend of 19.4 cps, partially franked to 10% (FY22 final dividend: 17.0 cents, partially franked to 30%) representing a payout ratio of 60% of FY23 underlying continuing NPAT, at the top end of the reference range (50 - 60% of underlying continuing NPAT). This dividend reflects the strong FY23 results and the current liquidity position. It will be paid on 6 July 2023 to shareholders on the register at 13 June 2023. Reported Earnings • May 30
Full year 2023 earnings released: EPS: AU$0.57 (vs AU$0.39 in FY 2022) Full year 2023 results: EPS: AU$0.57 (up from AU$0.39 in FY 2022). Revenue: AU$2.28b (up 8.1% from FY 2022). Net income: AU$275.0m (up 44% from FY 2022). Profit margin: 12% (up from 9.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Dec 03
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Non-Executive Director Peter Possemiers was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
First half 2023 earnings released: EPS: AU$0.30 (vs AU$0.15 in 1H 2022) First half 2023 results: EPS: AU$0.30 (up from AU$0.15 in 1H 2022). Revenue: AU$1.19b (up 17% from 1H 2022). Net income: AU$147.4m (up 99% from 1H 2022). Profit margin: 12% (up from 7.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 08
Independent Non-Executive Director recently bought AU$88k worth of stock On the 31st of May, Leslie Desjardins bought around 7k shares on-market at roughly AU$12.91 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$205k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 30
Upcoming dividend of AU$0.17 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 04 July 2022. Payout ratio and cash payout ratio are on the higher end at 83% and 78% respectively. Trailing yield: 2.7%. Lower than top quartile of Australian dividend payers (6.2%). Lower than average of industry peers (3.9%). Reported Earnings • May 26
Full year 2022 earnings released: EPS: AU$0.40 (vs AU$0.36 in FY 2021) Full year 2022 results: EPS: AU$0.40 (up from AU$0.36 in FY 2021). Revenue: AU$2.11b (up 20% from FY 2021). Net income: AU$190.5m (up 10% from FY 2021). Profit margin: 9.0% (in line with FY 2021). Over the next year, revenue is forecast to grow 13%, compared to a 161% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Leslie Desjardins was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Director Leslie Desjardins was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 17
ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 39 million. ALS Limited (ASX:ALQ) agreed to acquire MinAnalytical Laboratory Services Pty Ltd. from Perenti Global Limited (ASX:PRN) for AUD 39 million on December 17, 2021. Upcoming Dividend • Nov 25
Upcoming dividend of AU$0.16 per share Eligible shareholders must have bought the stock before 02 December 2021. Payment date: 17 December 2021. Trailing yield: 2.7%. Lower than top quartile of Australian dividend payers (5.5%). Lower than average of industry peers (3.4%). Reported Earnings • Nov 20
First half 2022 earnings released: EPS AU$0.15 (vs AU$0.14 in 1H 2021) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2022 results: Revenue: AU$1.03b (up 23% from 1H 2021). Net income: AU$74.1m (up 8.7% from 1H 2021). Profit margin: 7.2% (down from 8.1% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 06
Independent Non-Executive Director recently bought AU$117k worth of stock On the 2nd of August, Siddhartha Kadia bought around 9k shares on-market at roughly AU$12.47 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • May 31
Upcoming dividend of AU$0.15 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 05 July 2021. Trailing yield: 1.9%. Lower than top quartile of Australian dividend payers (5.1%). Lower than average of industry peers (3.1%). Reported Earnings • May 28
Full year 2021 earnings released: EPS AU$0.36 (vs AU$0.16 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$1.76b (down 5.0% from FY 2020). Net income: AU$172.6m (up 126% from FY 2020). Profit margin: 9.8% (up from 4.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • May 26
ALS Limited Declares Final Dividend, payable on July 5, 2021 Directors of ALS Limited have declared a final dividend of 14.6 cents per share, partly franked to 70% (2H FY20: 6.1 cents, partly franked to 70%). The FY21 total dividend of 23.1 cps is an increase of 31.3% compared to FY20 and represents a payout ratio of 60% of FY21 underlying NPAT. This dividend reflects strong current trading conditions and liquidity position. The dividend will be paid on 5 July 2021 to shareholders on the register at 8 June 2021. Announcement • Mar 09
ALS Limited (ASX:ALQ) entered in an agreement to acquire Investiga. ALS Limited (ASX:ALQ) entered in an agreement to acquire Investiga on March 8, 2021. ALS will acquire 100% of the equity in Investiga at a multiple of 11x adjusted FY20 EBITDA, on a deferred basis, paid from existing debt facilities with no requirement for shareholder approval. Key management will remain within the business, reporting to the General Manager of Life Sciences in Latin America Is New 90 Day High Low • Mar 05
New 90-day low: AU$9.41 The company is down 1.0% from its price of AU$9.55 on 04 December 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.38 per share. Is New 90 Day High Low • Feb 09
New 90-day high: AU$10.87 The company is up 8.0% from its price of AU$10.11 on 11 November 2020. The Australian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.42 per share. Is New 90 Day High Low • Jan 07
New 90-day high: AU$10.37 The company is up 6.0% from its price of AU$9.82 on 09 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$8.38 per share. Announcement • Nov 20
ALS Limited to Report Fiscal Year 2021 Final Results on Jun 23, 2021 ALS Limited announced that they will report fiscal year 2021 final results on Jun 23, 2021 Reported Earnings • Nov 20
First half 2021 earnings released: EPS AU$0.15 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$838.8m (down 8.7% from 1H 2020). Net income: AU$70.3m (down 20% from 1H 2020). Profit margin: 8.4% (down from 9.5% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 19
ALS Limited, Annual General Meeting, Jul 28, 2021 ALS Limited, Annual General Meeting, Jul 28, 2021. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue misses expectations Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 5.3%, compared to a 8.6% growth forecast for the Professional Services industry in Australia. Is New 90 Day High Low • Nov 12
New 90-day high: AU$10.11 The company is up 12% from its price of AU$9.00 on 14 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.49 per share. Is New 90 Day High Low • Oct 27
New 90-day high: AU$9.87 The company is up 19% from its price of AU$8.27 on 29 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.95 per share. Is New 90 Day High Low • Oct 06
New 90-day high: AU$9.64 The company is up 40% from its price of AU$6.91 on 08 July 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.35 per share.