Stock Analysis Report

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Executive Summary

Alto Metals Limited primarily explores for gold properties. More Details

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




AU Metals and Mining


AU Market

1 Year Return




AU Metals and Mining


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

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 Year33.9%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 Year282.4%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


Is Alto Metals undervalued compared to its fair value and its price relative to the market?


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?


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

Past Performance

How has Alto Metals performed over the past 5 years?


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


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


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


Average board tenure


Matthew Bowles





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

Matthew Bowles
MD, CEO & Executive Director0.58yrAU$442.15kno data
Richard Monti
Independent Non-Executive Chairman0.92yrAU$15.33k0.16%
A$ 49.3k
Terence Wheeler
Non-Executive Director4.42yrsAU$40.00k18.39%
A$ 5.7m
Jingbin Wang
Independent Non-Executive Director4.33yrsAU$40.00kno data


Average Tenure

Experienced Board: AME's board of directors are considered experienced (3.2 years average tenure).


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:


  • Alto Metals Limited
  • 12-14 Thelma Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2012
AMECHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2012


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/01 07:06
End of Day Share Price2021/03/01 00:00
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.