Alpha HPA Valuation

Is A4N 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A4N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate A4N's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate A4N's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A4N?

Key metric: As A4N barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for A4N. This is calculated by dividing A4N's market cap by their current book value.
What is A4N's PB Ratio?
PB Ratio	4.5x
Book	AU$247.17m
Market Cap	AU$1.11b

A4N key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	21018.3x
Enterprise Value/EBITDA	-42.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does A4N's PB Ratio compare to its peers?

The above table shows the PB ratio for A4N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	4.7x
SDV SciDev	2.1x	36.9%	AU$94.9m
ORI Orica	2x	8.4%	AU$8.8b
CXL Calix	1.9x	15.3%	AU$162.2m
OBM Ora Banda Mining	12.8x	38.8%	AU$1.3b
A4N Alpha HPA	4.5x	48.8%	AU$1.1b

Price-To-Book vs Peers: A4N is good value based on its Price-To-Book Ratio (4.5x) compared to the peer average (4.7x).

Price to Book Ratio vs Industry

How does A4N's PB Ratio compare vs other companies in the AU Chemicals Industry?

1 Company	Price / Book	Estimated Growth	Market Cap
NRZ NeuRizer	0.06x	n/a	US$2.84m

No more companies available in this PB range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: A4N is expensive based on its Price-To-Book Ratio (4.5x) compared to the Australian Chemicals industry average (1.9x).

Price to Book Ratio vs Fair Ratio

What is A4N's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A4N PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	4.5x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate A4N's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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