company background image
AME

Alto MetalsASX:AME Stock Report

Last Price

AU$0.097

Market Cap

AU$49.6m

7D

-2.0%

1Y

-3.0%

Updated

20 Jan, 2022

Data

Company Financials
AME fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

AME Stock Overview

Alto Metals Limited primarily explores for gold properties.

Alto Metals Competitors

Black Cat Syndicate

ASX:BC8

AU$86.6m

Strickland Metals

ASX:STK

AU$85.7m

Ausgold

ASX:AUC

AU$77.5m

Horizon Minerals

ASX:HRZ

AU$72.4m

Price History & Performance

Summary of all time highs, changes and price drops for Alto Metals
Historical stock prices
Current Share PriceAU$0.097
52 Week HighAU$0.14
52 Week LowAU$0.066
Beta-1.01
1 Month Change-2.02%
3 Month Change-3.00%
1 Year Change-3.00%
3 Year Change142.50%
5 Year Change-7.62%
Change since IPO-48.95%

Recent News & Updates

Shareholder Returns

AMEAU Metals and MiningAU Market
7D-2.0%-1.5%-1.7%
1Y-3.0%6.2%7.7%

Return vs Industry: AME underperformed the Australian Metals and Mining industry which returned 6.2% over the past year.

Return vs Market: AME underperformed the Australian Market which returned 7.7% over the past year.

Price Volatility

Is AME's price volatile compared to industry and market?
AME volatility
AME Average Weekly Movement7.6%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.3%
10% least volatile stocks in AU Market3.6%

Stable Share Price: AME is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2012n/aMatthew Bowleshttps://www.altometals.com.au

Alto Metals Limited primarily explores for gold properties. It focuses on the Sandstone gold project covering an area of approximately 900 square kilometers located in the East Murchison Mineral field in Western Australia. The company was formerly known as Enterprise Uranium Limited and changed its name to Alto Metals Limited in May 2016.

Alto Metals Fundamentals Summary

How do Alto Metals's earnings and revenue compare to its market cap?
AME fundamental statistics
Market CapAU$49.64m
Earnings (TTM)-AU$1.81m
Revenue (TTM)n/a

0.0x

P/S Ratio

-28.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AME income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.81m
Earnings-AU$1.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0034
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did AME perform over the long term?

See historical performance and comparison

Valuation

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

2.51x

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 Australian 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 (2.5x) compared to the AU Metals and Mining industry average (2.8x).


Future Growth

How is Alto Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.8%

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.


Past Performance

How has Alto Metals performed over the past 5 years?

0.2%

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 0.2% 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 (33%).


Return on Equity

High ROE: AME has a negative Return on Equity (-8.88%), as it is currently unprofitable.


Financial Health

How is Alto Metals's financial position?


Financial Position Analysis

Short Term Liabilities: AME's short term assets (A$5.4M) exceed its short term liabilities (A$1.8M).

Long Term Liabilities: AME has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: AME is debt free.

Reducing Debt: AME had no debt 5 years ago.


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16.8% each year


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?

4.1yrs

Average board tenure


CEO

Matthew Bowles

1.5yrs

Tenure

AU$377,722

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 ($USD272.74K) is about average for companies of similar size in the Australian market ($USD290.00K).

Compensation vs Earnings: Matthew's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: AME's board of directors are considered experienced (4.1 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 25.8%.


Top Shareholders

Company Information

Alto Metals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Alto Metals Limited
  • Ticker: AME
  • Exchange: ASX
  • Founded: 2012
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: AU$49.636m
  • Shares outstanding: 528.04m
  • Website: https://www.altometals.com.au

Location

  • Alto Metals Limited
  • 12-14 Thelma Street
  • Suite 9
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 07:01
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.