Executive Summary
Alto Metals Limited primarily explores for gold properties. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet and overvalued.
Similar Companies
Share Price & News
How has Alto Metals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AME is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: AME's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-3.9%
AME
2.5%
AU Metals and Mining
-1.6%
AU Market
1 Year Return
32.1%
AME
49.4%
AU Metals and Mining
8.6%
AU Market
Return vs Industry: AME underperformed the Australian Metals and Mining industry which returned 49.4% over the past year.
Return vs Market: AME exceeded the Australian Market which returned 8.6% over the past year.
Shareholder returns
| AME | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.9% | 2.5% | -1.6% |
| 30 Day | -17.8% | 7.5% | 1.2% |
| 90 Day | -26.0% | 20.1% | 3.9% |
| 1 Year | 33.9%32.1% | 57.3%49.4% | 12.2%8.6% |
| 3 Year | -0.7%-3.9% | 81.1%56.3% | 28.2%12.8% |
| 5 Year | 282.4%270.0% | 210.4%153.4% | 61.7%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is Alto Metals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Who Are Alto Metals Limited's (ASX:AME) Major Shareholders?3 years ago | Simply Wall St
Alto Metals Limited (ASX:AME): What Does It Mean For Your Portfolio?3 years ago | Simply Wall St
Should You Wait Before Investing In Alto Metals Limited (ASX:AME)?Valuation
Is Alto Metals undervalued compared to its fair value and its price relative to the market?
2x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AME's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AME's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AME is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.
PE vs Market: AME 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 AME's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AME is good value based on its PB Ratio (2x) compared to the AU Metals and Mining industry average (2.8x).
Next Steps
Future Growth
How is Alto Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-5.6%
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Alto Metals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Alto Metals's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Alto Metals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Alto Metals performed over the past 5 years?
21.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AME is currently unprofitable.
Growing Profit Margin: AME is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AME is unprofitable, but has reduced losses over the past 5 years at a rate of 21.3% per year.
Accelerating Growth: Unable to compare AME's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AME is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (27.5%).
Return on Equity
High ROE: AME has a negative Return on Equity (-12.83%), as it is currently unprofitable.
Next Steps
Financial Health
How is Alto Metals's financial position?
Financial Position Analysis
Short Term Liabilities: AME's short term assets (A$216.1K) do not cover its short term liabilities (A$837.8K).
Long Term Liabilities: AME has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AME's debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if AME's debt to equity ratio has reduced over the 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: AME has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AME is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
Next Steps
Dividend
What is Alto Metals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AME's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AME'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 AME's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AME'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 AME'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?
3.2yrs
Average board tenure
CEO
Matthew Bowles
0.58
Tenure
AU$442,147
Compensation
Mr. Matthew Bowles, B Bus, B.Com, CPA, ASA, FFin, has been Managing Director and Chief Executive Officer at Alto Metals Limited since July 13, 2020. Mr. Bowles served as Non Executive Director at Tanga Res...
CEO Compensation Analysis
Compensation vs Market: Matthew's total compensation ($USD341.11K) is about average for companies of similar size in the Australian market ($USD293.60K).
Compensation vs Earnings: Matthew's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 0.58yr | AU$442.15k | no data | |
| Independent Non-Executive Chairman | 0.92yr | AU$15.33k | 0.16% A$ 49.3k | |
| Non-Executive Director | 4.42yrs | AU$40.00k | 18.39% A$ 5.7m | |
| Independent Non-Executive Director | 4.33yrs | AU$40.00k | no data |
3.2yrs
Average Tenure
Experienced Board: AME's board of directors are considered experienced (3.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AME 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 43.3%.
Top Shareholders
Company Information
Alto Metals Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alto Metals Limited
- Ticker: AME
- Exchange: ASX
- Founded: 2012
- Industry: Gold
- Sector: Materials
- Market Cap: AU$31.099m
- Shares outstanding: 420.26m
- Website: https://www.altometals.com.au
Location
- Alto Metals Limited
- 12-14 Thelma Street
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AME | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2012 |
| AME | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2012 |
Biography
Alto Metals Limited primarily explores for gold properties. Its flagship project is the Sandstone gold project covering an area of approximately 800 square kilometers located in the East Murchison Mineral ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 07:06 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.