ASX:A4N

Stock Analysis Report

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Executive Summary

Alpha HPA Limited engages in the acquisition, exploration, and development of mineral deposits in Australia and Indonesia. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Alpha HPA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: A4N's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

A4N

-0.9%

AU Metals and Mining

-0.3%

AU Market


1 Year Return

131.0%

A4N

13.1%

AU Metals and Mining

-6.9%

AU Market

Return vs Industry: A4N exceeded the Australian Metals and Mining industry which returned 15.2% over the past year.

Return vs Market: A4N exceeded the Australian Market which returned -7% over the past year.


Shareholder returns

A4NIndustryMarket
7 Day0%-0.9%-0.3%
30 Day63.4%2.0%5.1%
90 Day48.9%-0.4%4.2%
1 Year131.0%131.0%19.1%13.1%-3.5%-6.9%
3 Year431.5%415.4%58.6%36.3%18.1%3.0%
5 Year3,040.5%2,945.5%141.5%97.3%44.2%15.1%

Price Volatility Vs. Market

How volatile is Alpha HPA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alpha HPA undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A4N (A$0.34) is trading below our estimate of fair value (A$1.89)

Significantly Below Fair Value: A4N is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: A4N is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.

PE vs Market: A4N is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate A4N's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: A4N is overvalued based on its PB Ratio (20.8x) compared to the AU Metals and Mining industry average (2.6x).


Next Steps

Future Growth

How is Alpha HPA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

80.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A4N is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: A4N is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: A4N is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: A4N is forecast to have no revenue next year.

High Growth Revenue: A4N is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if A4N's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Alpha HPA performed over the past 5 years?

-55.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A4N is currently unprofitable.

Growing Profit Margin: A4N is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: A4N is unprofitable, and losses have increased over the past 5 years at a rate of 55.6% per year.

Accelerating Growth: Unable to compare A4N's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: A4N is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (22.2%).


Return on Equity

High ROE: A4N has a negative Return on Equity (-91.38%), as it is currently unprofitable.


Next Steps

Financial Health

How is Alpha HPA's financial position?


Financial Position Analysis

Short Term Liabilities: A4N's short term assets (A$8.2M) exceed its short term liabilities (A$586.1K).

Long Term Liabilities: A4N has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: A4N is debt free.

Reducing Debt: A4N has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: A4N has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: A4N has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.5% each year


Next Steps

Dividend

What is Alpha HPA current dividend yield, its reliability and sustainability?

8.96%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate A4N's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate A4N's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if A4N's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if A4N's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of A4N's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Rimas Kairaitis

2.17yrs

Tenure

AU$1,045,423

Compensation

Mr. Rimas Kairaitis has been Managing Director of Alpha HPA Limited (formerly known as Collerina Cobalt Limited) since August 23, 2018 and its Director since November 1, 2017. He is a Technical Director at ...


CEO Compensation Analysis

Compensation vs Market: Rimas's total compensation ($USD743.49K) is above average for companies of similar size in the Australian market ($USD517.86K).

Compensation vs Earnings: Rimas's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Rimas Kairaitis
MD, Technical Director & Director2.17yrsAU$1.05m0.46%
A$ 1.0m
Peter Nightingale
CFO & Director10.92yrsAU$274.03k2.44%
A$ 5.6m
Robert Williamson
Chief Operations Officer0.33yrAU$299.22kno data
Michael Corey
Head of Explorationno datano datano data
Richard Edwards
Company Secretary8.08yrsno datano data

2.2yrs

Average Tenure

Experienced Management: A4N's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rimas Kairaitis
MD, Technical Director & Director2.17yrsAU$1.05m0.46%
A$ 1.0m
Peter Nightingale
CFO & Director10.92yrsAU$274.03k2.44%
A$ 5.6m
Norman Seckold
Chairman of the Board10.75yrsAU$90.00k9.89%
A$ 22.5m
Justin Werner
Non-Executive Director9.83yrsAU$224.03k1.81%
A$ 4.1m
Anthony Sgro
Non-Executive Director2.92yrsAU$224.03k0.46%
A$ 1.1m

9.8yrs

Average Tenure

63yo

Average Age

Experienced Board: A4N's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.9%.


Top Shareholders

Company Information

Alpha HPA Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alpha HPA Limited
  • Ticker: A4N
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$227.926m
  • Shares outstanding: 680.38m
  • Website: https://www.alphahpa.com.au

Location

  • Alpha HPA Limited
  • 66 Hunter Street
  • Level 2
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A4NASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2007
A4NCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2007

Biography

Alpha HPA Limited engages in the acquisition, exploration, and development of mineral deposits in Australia and Indonesia. It explores for high-purity alumina, gold, copper, nickel, and cobalt. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 10:34
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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 here.