A4N Stock Overview

Operates as a specialty metals and technology company. More details

A4N fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Revenue is forecast to grow 140.34% per year

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (A$90K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Community vs My Fair Value

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Alpha HPA Limited Competitors

SciDev

ASX:SDV

AU$74.2m

Orica

ASX:ORI

AU$7.7b

Calix

ASX:CXL

AU$68.7m

PPK Group

ASX:PPK

AU$25.4m

Price History & Performance

Summary of share price highs, lows and changes for Alpha HPA
Historical stock prices
Current Share Price	AU$0.72
52 Week High	AU$1.18
52 Week Low	AU$0.64
Beta	0.92
1 Month Change	-8.81%
3 Month Change	-19.44%
1 Year Change	-28.92%
3 Year Change	5.07%
5 Year Change	480.00%
Change since IPO	202.08%

Is Alpha HPA (ASX:A4N) A Risky Investment?

Mar 10

Recent updates

Shareholder Returns

	A4N	AU Chemicals	AU Market
7D	2.1%	4.5%	5.9%
1Y	-28.9%	-17.1%	-1.9%

Return vs Industry: A4N underperformed the Australian Chemicals industry which returned -17.1% over the past year.

Return vs Market: A4N underperformed the Australian Market which returned -1.9% over the past year.

Price Volatility

Is A4N's price volatile compared to industry and market?
A4N volatility
A4N Average Weekly Movement	8.2%
Chemicals Industry Average Movement	12.1%
Market Average Movement	9.1%
10% most volatile stocks in AU Market	16.4%
10% least volatile stocks in AU Market	4.0%

Stable Share Price: A4N has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: A4N's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	n/a	Rob Williamson	alphahpa.com.au

Alpha HPA Limited operates as a specialty metals and technology company. It primarily explores for high purity alumina (HPA) deposits. The company holds interests in the HPA First project and Alpha Sapphire project located in Gladstone, Queensland.

Alpha HPA Limited Fundamentals Summary

How do Alpha HPA's earnings and revenue compare to its market cap?
A4N fundamental statistics
Market cap	AU$829.55m
Earnings (TTM)	-AU$32.28m
Revenue (TTM)	AU$89.86k

9,168x

P/S Ratio

-25.5x

P/E Ratio

Is A4N overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A4N income statement (TTM)
Revenue	AU$89.86k
Cost of Revenue	AU$12.68m
Gross Profit	-AU$12.59m
Other Expenses	AU$19.69m
Earnings	-AU$32.28m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.028
Gross Margin	-14,012.36%
Net Profit Margin	-35,921.00%
Debt/Equity Ratio	1.5%

How did A4N perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/15 08:21
End of Day Share Price	2025/04/15 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Alpha HPA Limited is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stuart Howe	Bell Potter
Ben Wedd	Macquarie Research

A4N Stock Overview

Rewards

Risk Analysis

Alpha HPA Limited Competitors

ASX:SDV

AU$74.2m

ASX:ORI

AU$7.7b

ASX:CXL

AU$68.7m

ASX:PPK

AU$25.4m

Price History & Performance

Recent News & Updates

Is Alpha HPA (ASX:A4N) A Risky Investment?

Consensus revenue estimates increase by 92%, EPS downgraded

Alpha HPA Limited Announces Chief Executive Officer Changes

Consensus revenue estimates decrease by 98%, EPS upgraded

New major risk - Financial position

COO & Executive Director recently bought AU$99k worth of stock

Recent updates

Is Alpha HPA (ASX:A4N) A Risky Investment?

Consensus revenue estimates increase by 92%, EPS downgraded

Alpha HPA Limited Announces Chief Executive Officer Changes

Consensus revenue estimates decrease by 98%, EPS upgraded

New major risk - Financial position

COO & Executive Director recently bought AU$99k worth of stock

No longer forecast to breakeven

Consensus revenue estimates fall by 16%

New minor risk - Profitability

Alpha HPA Limited, Annual General Meeting, Nov 27, 2024

Price target decreased by 13% to AU$1.70

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus revenue estimates fall by 60%

No longer forecast to breakeven

Alpha HPA Limited has filed a Follow-on Equity Offering in the amount of AUD 120.000001 million.

Price target increased by 9.4% to AU$1.75

Consensus revenue estimates fall by 53%

Forecast breakeven date pushed back to 2026

Is Alpha HPA (ASX:A4N) Weighed On By Its Debt Load?

First half 2024 earnings released: AU$0.01 loss per share (vs AU$0.005 loss in 1H 2023)

New major risk - Financial position

Alpha HPA Limited Appoints Marghanita Johnson as an Independent, Non-Executive Director, Effective January 15, 2024

Alpha HPA Limited Appoints Annie Liu as an Independent, Non-Executive Director

Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.

Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.

Alpha HPA Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.

Alpha HPA Limited, Annual General Meeting, Nov 28, 2023

Consensus revenue estimates increase by 31%

Is Alpha HPA (ASX:A4N) In A Good Position To Invest In Growth?

Alpha HPA Limited Appoints Craig Jones as Chief Financial Officer, Effective on or Around 1 February 2024

Alpha HPA Limited Appoints Craig Jones as Chief Financial Officer, Effective on or Around 1 February 2024

Non-Executive Director recently sold AU$494k worth of stock

Full year 2023 earnings: EPS and revenues miss analyst expectations

CFO & Director exercised options to buy AU$2.4m worth of stock.

New major risk - Financial position

Alpha HPA Limited Announces Receipt of Initial Payment of Federal Government Grant Funds

Consensus revenue estimates fall by 63%

Forecast breakeven date pushed back to 2025

Is Alpha HPA (ASX:A4N) In A Good Position To Deliver On Growth Plans?

Alpha Hpa Limited Provides an Update on Project Activities for Hpa First Project

Alpha HPA Limited Provides Update on HPA First Project

Price target increased to AU$1.02

No independent directors

Alpha HPA Limited, Annual General Meeting, Nov 23, 2022

Alpha Hpa Limited Updates on Project Activities for Its Hpa First Project

Consensus forecasts updated

Will Alpha HPA (ASX:A4N) Spend Its Cash Wisely?

Alpha HPA Limited Appoints Regan Crooks as Non-Executive Director

Alpha HPA Limited Provides Update on its First Project

MD, Technical Director & Director exercised options to buy AU$1.1m worth of stock.

Alpha HPA Limited Provides Update on Project Activities for HPA First Project

Companies Like Alpha HPA (ASX:A4N) Are In A Position To Invest In Growth

No independent directors

Price target increased to AU$0.92

At AU$0.60, Is Alpha HPA Limited (ASX:A4N) Worth Looking At Closely?

Alpha HPA Limited Provided an Update on Project Activities for Its HPA First Project

We Think Alpha HPA (ASX:A4N) Can Easily Afford To Drive Business Growth

Non-Executive Director recently bought AU$100k worth of stock

Estimating The Intrinsic Value Of Alpha HPA Limited (ASX:A4N)