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AME

Alto Metals ASX:AME Stock Report

Last Price

AU$0.065

Market Cap

AU$34.7m

7D

-7.1%

1Y

-15.6%

Updated

28 Sep, 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

Price History & Performance

Summary of all time highs, changes and price drops for Alto Metals
Historical stock prices
Current Share PriceAU$0.065
52 Week HighAU$0.12
52 Week LowAU$0.055
Beta-0.75
1 Month Change-10.96%
3 Month Change-7.14%
1 Year Change-15.58%
3 Year Change62.50%
5 Year Change-28.57%
Change since IPO-65.79%

Recent News & Updates

Jul 05
Can Alto Metals (ASX:AME) Afford To Invest In Growth?

Can Alto Metals (ASX:AME) Afford To Invest In Growth?

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Shareholder Returns

AMEAU Metals and MiningAU Market
7D-7.1%-3.6%-3.3%
1Y-15.6%2.4%-10.6%

Return vs Industry: AME underperformed the Australian Metals and Mining industry which returned 2.4% over the past year.

Return vs Market: AME underperformed the Australian Market which returned -10.6% over the past year.

Price Volatility

Is AME's price volatile compared to industry and market?
AME volatility
AME Average Weekly Movement10.8%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: AME is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: AME's weekly volatility (11%) 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$34.74m
Earnings (TTM)-AU$2.18m
Revenue (TTM)n/a

0.0x

P/S Ratio

-16.0x

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
Other ExpensesAU$2.18m
Earnings-AU$2.18m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0041
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did AME perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is AME undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AME 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/Revenuen/a
Enterprise Value/EBITDA-15.2x
PEG Ration/a

Price to Book Ratio vs Peers

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

AME PB Ratio vs Peers
The above table shows the PB ratio for AME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average1.2x
OKR Okapi Resources
1.2xn/aAU$31.9m
GPR Geopacific Resources
0.3x84.3%AU$37.9m
FML Focus Minerals
0.4xn/aAU$35.8m
MM8 Medallion Metals
2.9xn/aAU$38.0m
AME Alto Metals
1.3xn/aAU$34.7m

Price-To-Book vs Peers: AME is expensive based on its Price-To-Book Ratio (1.3x) compared to the peer average (1.2x).


Price to Earnings Ratio vs Industry

How does AME's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Book vs Industry: AME is good value based on its Price-To-Book Ratio (1.3x) compared to the Australian Metals and Mining industry average (1.9x)


Price to Book Ratio vs Fair Ratio

What is AME'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.

AME PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.3x
Fair PB Ration/a

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


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate AME's fair value 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: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.2%

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.


Discover growth companies

  • 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.

Past Performance

How has Alto Metals performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.6%

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, and losses have increased over the past 5 years at a rate of 10.6% 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 (22.7%).


Return on Equity

High ROE: AME has a negative Return on Equity (-8.3%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Alto Metals's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AME's short term assets (A$6.3M) exceed its short term liabilities (A$683.6K).

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 23.9% each year


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Dividend

What is Alto Metals's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Alto Metals Dividend Yield vs Market
How does Alto Metals dividend yield compare to the market?
SegmentDividend Yield
Company (Alto Metals)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Metals and Mining)10.5%
Analyst forecast in 3 Years (Alto Metals)n/a

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AME has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.8yrs

Average board tenure


CEO

Matthew Bowles

3.58yrs

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

Matthew Bowles's Compensation vs Alto Metals Earnings
How has Matthew Bowles's remuneration changed compared to Alto Metals's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021n/an/a

-AU$2m

Sep 30 2021n/an/a

-AU$2m

Jun 30 2021AU$378kAU$272k

-AU$2m

Mar 31 2021n/an/a

-AU$2m

Dec 31 2020n/an/a

-AU$1m

Sep 30 2020n/an/a

-AU$1m

Jun 30 2020AU$442kAU$203k

-AU$1m

Mar 31 2020n/an/a

-AU$1m

Dec 31 2019n/an/a

-AU$1m

Sep 30 2019n/an/a

-AU$1m

Jun 30 2019AU$13kn/a

-AU$1m

Compensation vs Market: Matthew's total compensation ($USD243.36K) is about average for companies of similar size in the Australian market ($USD274.98K).

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 (4.8 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

ASX:AME Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Dec 21BuyAU$200,000Richard MontiIndividual2,222,222AU$0.09
23 Dec 21BuyAU$1,298,482Terence WheelerIndividual14,427,584AU$0.09
23 Dec 21BuyAU$40,000Jingbin WangIndividual444,444AU$0.09

Ownership Breakdown

What is the ownership structure of AME?
Owner TypeNumber of SharesOwnership Percentage
Institutions29,809,4325.6%
Public Companies65,380,22012.2%
Private Companies117,085,50821.9%
Individual Insiders127,474,00323.8%
General Public194,788,34936.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.7%.


Top Shareholders

Top 21 shareholders own 63.56% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.32%
Terence Wheeler
97,949,646A$6.4m0%no data
12.23%
Westgold Resources Limited
65,380,220A$4.2m0%no data
10.62%
GS Group Australia Pty Ltd
56,754,212A$3.7m0%no data
3.86%
Harvest Lane Asset Management Pty Ltd
20,643,114A$1.3m0%4.13%
3.23%
SinoTex Mineral Exploration Co. Ltd.
17,291,250A$1.1m0%no data
2.73%
Olgen Pty Ltd
14,583,333A$947.9k0%no data
2.09%
Oliver Cairns
11,182,781A$726.9k0%no data
1.71%
Merchant Group Pty Ltd, Asset Management Arm
9,166,318A$595.8k0%5.52%
1.4%
Crownluxe Investment Ltd
7,500,000A$487.5k0%no data
1.17%
Atlantic Capital Pty Ltd
6,250,000A$406.3k0%no data
0.96%
Liu Xiaoxia
5,115,881A$332.5k0%no data
0.94%
Peter Erman Pty Limited
5,000,000A$325.0k0%no data
0.87%
DELPHI Unternehmensberatung Aktiengesellschaft
4,650,000A$302.3k0%no data
0.78%
Fei Lucy
4,166,667A$270.8k0%no data
0.6%
Longreach Capital Pty. Ltd.
3,191,666A$207.5k0%no data
0.57%
Dermot Ryan
3,059,029A$198.8k0%no data
0.54%
Richard Monti
2,888,889A$187.8k0%no data
0.5%
Kenneth Hall
2,666,666A$173.3k0%no data
0.2%
31 May Pty Ltd
1,089,303A$70.8k0%no data
0.15%
789 Pty Ltd
775,744A$50.4k0%no data
0.083%
Jingbin Wang
444,444A$28.9k0%no data

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$34.745m
  • Shares outstanding: 534.54m
  • Website: https://www.altometals.com.au

Location

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


Listings

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2021/12/31
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.