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ATC

Altech ChemicalsASX:ATC Stock Report

Market Cap

AU$115.8m

7D

1.1%

1Y

80.0%

Updated

24 Oct, 2021

Data

Company Financials
ATC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

ATC Overview

Altech Chemicals Limited focuses on producing high purity alumina used in the production of synthetic sapphire.

Price History & Performance

Summary of all time highs, changes and price drops for Altech Chemicals
Historical stock prices
Current Share PriceAU$0.09
52 Week HighAU$0.035
52 Week LowAU$0.10
Beta0.55
1 Month Change34.33%
3 Month Change69.81%
1 Year Change80.00%
3 Year Change-21.74%
5 Year Change-18.18%
Change since IPO-56.10%

Recent News & Updates

Jul 06
Altech Chemicals (ASX:ATC) Might Have The Makings Of A Multi-Bagger

Altech Chemicals (ASX:ATC) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Mar 22
Robust Earnings May Not Tell The Whole Story For Altech Chemicals (ASX:ATC)

Robust Earnings May Not Tell The Whole Story For Altech Chemicals (ASX:ATC)

Despite posting some strong earnings, the market for Altech Chemicals Limited's ( ASX:ATC ) stock hasn't moved much...

Mar 19
Can Mixed Fundamentals Have A Negative Impact on Altech Chemicals Limited (ASX:ATC) Current Share Price Momentum?

Can Mixed Fundamentals Have A Negative Impact on Altech Chemicals Limited (ASX:ATC) Current Share Price Momentum?

Altech Chemicals' (ASX:ATC) stock is up by a considerable 66% over the past three months. But the company's key...

Shareholder Returns

ATCAU Metals and MiningAU Market
7D1.1%-1.7%0.6%
1Y80.0%10.8%21.3%

Return vs Industry: ATC exceeded the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: ATC exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is ATC's price volatile compared to industry and market?
ATC volatility
ATC Beta0.55
Industry Beta0.97
Market Beta1

Stable Share Price: ATC is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: ATC's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
20079Iggy Tanhttps://www.altechchemicals.com

Altech Chemicals Limited focuses on producing high purity alumina used in the production of synthetic sapphire. It holds 100% interest in a kaolin deposit located in the Meckering, Western Australia. The company was formerly known as Australia Minerals and Mining Group Limited and changed its name to Altech Chemicals Limited in November 2014.

Altech Chemicals Fundamentals Summary

How do Altech Chemicals's earnings and revenue compare to its market cap?
ATC fundamental statistics
Market CapAU$115.84m
Earnings (TTM)AU$2.33m
Revenue (TTM)AU$696.00

50.0x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ATC income statement (TTM)
RevenueAU$696.00
Cost of RevenueAU$0
Gross ProfitAU$696.00
Expenses-AU$2.33m
EarningsAU$2.33m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0018
Gross Margin100.00%
Net Profit Margin334,176.15%
Debt/Equity Ratio0%

How did ATC perform over the long term?

See historical performance and comparison

Valuation

Is Altech Chemicals undervalued compared to its fair value and its price relative to the market?

50x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ATC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ATC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ATC is poor value based on its PE Ratio (50x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: ATC is poor value based on its PE Ratio (50x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ATC is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.3%

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 Altech Chemicals 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 Altech Chemicals performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATC has a large one-off gain of A$7.3M impacting its June 30 2021 financial results.

Growing Profit Margin: ATC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ATC has become profitable over the past 5 years, growing earnings by 16.7% per year.

Accelerating Growth: ATC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ATC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: ATC's Return on Equity (2.6%) is considered low.


Financial Health

How is Altech Chemicals's financial position?


Financial Position Analysis

Short Term Liabilities: ATC's short term assets (A$7.0M) exceed its short term liabilities (A$686.4K).

Long Term Liabilities: ATC's short term assets (A$7.0M) exceed its long term liabilities (A$154.1K).


Debt to Equity History and Analysis

Debt Level: ATC is debt free.

Reducing Debt: ATC had no debt 5 years ago.

Debt Coverage: ATC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ATC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Altech Chemicals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ATC'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 ATC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ATC'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 ATC'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?

6.9yrs

Average management tenure


CEO

Iggy Tan (58 yo)

7.17yrs

Tenure

AU$565,997

Compensation

Mr. Ignatius Kim-Seng Tan, also known as Iggy, BSc, MBA, GAICD has been Member of Management Board of Altech Advanced Materials AG since July 2019 and serves as its Managing Director. Mr. Tan has been Mana...


CEO Compensation Analysis

Compensation vs Market: Iggy's total compensation ($USD422.89K) is above average for companies of similar size in the Australian market ($USD302.87K).

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


Leadership Team

Experienced Management: ATC's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: ATC's board of directors are considered experienced (7.2 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 41.7%.


Top Shareholders

Company Information

Altech Chemicals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Altech Chemicals Limited
  • Ticker: ATC
  • Exchange: ASX
  • Founded: 2007
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: AU$115.839m
  • Shares outstanding: 1.29b
  • Website: https://www.altechchemicals.com

Number of Employees


Location

  • Altech Chemicals Limited
  • 295 Rokeby Road
  • Suite 8
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 07:02
End of Day Share Price2021/10/22 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.