ALS Limited

CHIA:ALQ Stock Report

Market Cap: AU$7.8b

ALS Valuation

Is ALQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ALQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALQ (A$16.23) is trading above our estimate of fair value (A$10.39)

Significantly Below Fair Value: ALQ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALQ?

Key metric: As ALQ is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ALQ. This is calculated by dividing ALQ's market cap by their current revenue.
What is ALQ's PS Ratio?
PS Ratio2.9x
SalesAU$2.70b
Market CapAU$7.83b

Price to Sales Ratio vs Peers

How does ALQ's PS Ratio compare to its peers?

The above table shows the PS ratio for ALQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5x
IPH IPH
2.3x5.2%AU$1.4b
KPG Kelly Partners Group Holdings
3.8xn/aAU$412.6m
C79 Chrysos
12.6x28.4%AU$573.5m
CUP Count
1.2x16.9%AU$134.7m
ALQ ALS
2.9x7.2%AU$7.8b

Price-To-Sales vs Peers: ALQ is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (5x).

Price to Sales Ratio vs Industry

How does ALQ's PS Ratio compare vs other companies in the AU Professional Services Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
PPE Peoplein
0.07x3.4%US$55.36m
ASH Ashley Services Group
0.05xn/aUS$17.78m
VRS Veris
0.2x3.5%US$14.56m
HMI Hiremii
0.3xn/aUS$5.49m
ALQ 2.9xIndustry Avg. 1.5xNo. of Companies7PS01.22.43.64.86+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ALQ is expensive based on its Price-To-Sales Ratio (2.9x) compared to the Australian Professional Services industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is ALQ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALQ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: ALQ is expensive based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$16.23
AU$15.40
-5.1%
15.3%AU$17.70AU$10.20n/a10
Nov ’25AU$14.05
AU$14.43
+2.7%
13.0%AU$16.90AU$10.20n/a10
Oct ’25AU$14.26
AU$14.43
+1.2%
13.0%AU$16.90AU$10.20n/a10
Sep ’25AU$15.61
AU$14.81
-5.1%
15.7%AU$17.40AU$9.10n/a10
Aug ’25AU$15.73
AU$14.39
-8.5%
15.3%AU$17.00AU$9.10n/a10
Jul ’25AU$14.05
AU$14.05
+0.02%
13.9%AU$15.60AU$9.10n/a10
Jun ’25AU$14.15
AU$14.05
-0.7%
13.9%AU$15.60AU$9.10n/a10
May ’25AU$12.98
AU$12.85
-1.0%
11.0%AU$13.90AU$8.90n/a10
Apr ’25AU$13.13
AU$12.84
-2.2%
11.1%AU$13.90AU$8.90n/a10
Mar ’25AU$12.01
AU$12.67
+5.5%
11.3%AU$13.70AU$8.60n/a10
Feb ’25AU$12.29
AU$12.67
+3.1%
11.3%AU$13.70AU$8.60n/a10
Jan ’25AU$12.84
AU$12.63
-1.6%
11.5%AU$13.70AU$8.60n/a10
Dec ’24AU$12.30
AU$12.63
+2.7%
11.5%AU$13.70AU$8.60n/a10
Nov ’24AU$10.69
AU$12.45
+16.4%
11.9%AU$14.10AU$8.40AU$14.0510
Oct ’24AU$11.50
AU$12.45
+8.2%
11.9%AU$14.10AU$8.40AU$14.2610
Sep ’24AU$11.76
AU$12.21
+3.8%
11.5%AU$14.10AU$8.40AU$15.6111
Aug ’24AU$12.09
AU$12.24
+1.3%
11.7%AU$14.10AU$8.40AU$15.7311
Jul ’24AU$11.18
AU$12.31
+10.2%
12.2%AU$14.20AU$8.40AU$14.0511
Jun ’24AU$11.52
AU$12.31
+6.9%
12.2%AU$14.20AU$8.40AU$14.1511
May ’24AU$13.17
AU$12.77
-3.1%
12.6%AU$14.60AU$8.40AU$12.9811
Apr ’24AU$12.33
AU$12.58
+2.1%
12.5%AU$14.40AU$8.40AU$13.1310
Mar ’24AU$12.67
AU$12.54
-1.0%
16.3%AU$14.40AU$7.10AU$12.019
Feb ’24AU$13.02
AU$12.54
-3.7%
16.3%AU$14.40AU$7.10AU$12.299
Jan ’24AU$12.28
AU$12.46
+1.5%
16.1%AU$14.40AU$7.10AU$12.849
Dec ’23AU$12.34
AU$12.46
+1.0%
16.1%AU$14.40AU$7.10AU$12.309
Nov ’23AU$11.67
AU$12.54
+7.4%
17.7%AU$15.00AU$6.75AU$10.699

Analyst Forecast: Target price is lower than the current share price.

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