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Altech Chemicals

ASX:ATC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATC
ASX
A$84M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Altech Chemicals Limited focuses on producing high purity alumina used in the production of synthetic sapphire. The last earnings update was 73 days ago. More info.


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ATC Share Price and Events
7 Day Returns
4.3%
ASX:ATC
-2.5%
AU Metals and Mining
1.2%
AU Market
1 Year Returns
-25%
ASX:ATC
7%
AU Metals and Mining
4.7%
AU Market
ATC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altech Chemicals (ATC) 4.3% -14.3% 9.1% -25% 14.3% 53.8%
AU Metals and Mining -2.5% 0.2% 0% 7% 75.3% 12.1%
AU Market 1.2% -0.2% 3.2% 4.7% 18.3% 8.9%
1 Year Return vs Industry and Market
  • ATC underperformed the Metals and Mining industry which returned 7% over the past year.
  • ATC underperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
ATC
Industry
5yr Volatility vs Market

ATC Value

 Is Altech Chemicals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Altech Chemicals. This is due to cash flow or dividend data being unavailable. The share price is A$0.12.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Altech Chemicals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altech Chemicals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ATC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.02
ASX:ATC Share Price ** ASX (2019-05-24) in AUD A$0.12
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 11.86x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Altech Chemicals.

ASX:ATC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ATC Share Price ÷ EPS (both in AUD)

= 0.12 ÷ -0.02

-7.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altech Chemicals is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Altech Chemicals is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Altech Chemicals's expected growth come at a high price?
Raw Data
ASX:ATC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 39 Publicly-Listed Metals and Mining Companies 0.74x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Altech Chemicals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altech Chemicals's assets?
Raw Data
ASX:ATC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.09
ASX:ATC Share Price * ASX (2019-05-24) in AUD A$0.12
Australia Metals and Mining Industry PB Ratio Median Figure of 585 Publicly-Listed Metals and Mining Companies 1.47x
Australia Market PB Ratio Median Figure of 1,680 Publicly-Listed Companies 1.66x
ASX:ATC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ATC Share Price ÷ Book Value per Share (both in AUD)

= 0.12 ÷ 0.09

1.39x

* Primary Listing of Altech Chemicals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Altech Chemicals is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Altech Chemicals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Altech Chemicals has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ATC Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altech Chemicals expected to grow at an attractive rate?
  • Unable to compare Altech Chemicals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Altech Chemicals's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Altech Chemicals's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:ATC Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 2.4%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:ATC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ATC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -2 -7
2018-09-30 -2 -6
2018-06-30 -2 -5
2018-03-31 -2 -4
2017-12-31 -3 -3
2017-09-30 -3 -4
2017-06-30 -2 -4
2017-03-31 -3 -3
2016-12-31 -4 -2
2016-09-30 -3 -2
2016-06-30 -3 -1
2016-03-31 0 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Altech Chemicals is high growth as no earnings estimate data is available.
  • Unable to determine if Altech Chemicals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:ATC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Altech Chemicals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ATC Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.02
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Altech Chemicals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Altech Chemicals'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.
  2. Altech Chemicals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Altech Chemicals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Altech Chemicals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Altech Chemicals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ATC Past Performance

  How has Altech Chemicals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Altech Chemicals's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Altech Chemicals does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Altech Chemicals's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Altech Chemicals's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Altech Chemicals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Altech Chemicals Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ATC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -6.75 5.01
2018-09-30 -5.66 3.96
2018-06-30 -4.57 2.91
2018-03-31 -3.95 2.56
2017-12-31 -3.33 2.20
2017-09-30 -3.56 2.37
2017-06-30 -3.79 2.55
2017-03-31 -2.92 2.45
2016-12-31 -2.04 2.34
2016-09-30 -1.64 2.08
2016-06-30 -1.23 1.82
2016-03-31 0.00 -1.91 1.60
2015-12-31 0.00 -2.58 1.38
2015-09-30 0.00 -1.99 1.09
2015-06-30 0.01 -1.39 0.81
2015-03-31 -0.05 -2.50 0.48
2014-12-31 -0.11 -3.61 0.15
2014-09-30 -0.05 -3.67 0.29
2014-06-30 0.01 -3.74 0.43
2014-03-31 0.30 -2.45 0.54 0.14
2013-12-31 0.59 -1.16 0.65 0.29
2013-09-30 0.65 -1.26 0.72 0.29
2013-06-30 0.72 -1.36 0.78 0.29
2013-03-31 0.40 -1.15 0.87 0.14
2012-12-31 0.07 -0.94 0.96
2012-09-30 0.04 -0.85 0.84
2012-06-30 -0.76 0.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Altech Chemicals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Altech Chemicals has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Altech Chemicals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Altech Chemicals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Altech Chemicals has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ATC Health

 How is Altech Chemicals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Altech Chemicals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altech Chemicals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altech Chemicals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Altech Chemicals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Altech Chemicals has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Altech Chemicals Company Filings, last reported 4 months ago.

ASX:ATC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 49.60 0.00 4.05
2018-09-30 49.60 0.00 4.05
2018-06-30 31.39 0.00 0.26
2018-03-31 31.39 0.00 0.26
2017-12-31 30.95 0.00 9.23
2017-09-30 30.95 0.00 9.23
2017-06-30 17.57 0.00 1.43
2017-03-31 17.57 0.00 1.43
2016-12-31 14.85 0.00 4.73
2016-09-30 14.85 0.00 4.73
2016-06-30 6.34 0.00 1.62
2016-03-31 6.34 0.00 1.62
2015-12-31 3.64 0.00 1.00
2015-09-30 3.64 0.00 1.00
2015-06-30 2.74 0.82 0.57
2015-03-31 2.74 0.82 0.57
2014-12-31 4.16 0.00 1.17
2014-09-30 4.16 0.00 1.17
2014-06-30 3.08 0.00 1.78
2014-03-31 3.08 0.00 1.78
2013-12-31 6.66 0.00 2.45
2013-09-30 6.66 0.00 2.45
2013-06-30 7.16 0.00 3.16
2013-03-31 7.16 0.00 3.16
2012-12-31 7.56 0.00 3.68
2012-09-30 7.56 0.00 3.68
2012-06-30 7.43 0.00 5.24
  • Altech Chemicals has no debt.
  • Altech Chemicals had no debt 5 years ago.
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.

  • Altech Chemicals has less than a year of cash runway based on current free cash flow.
  • Altech Chemicals has less than a year of cash runway if free cash flow continues to grow at historical rates of 36.8% each year.
X
Financial health checks
We assess Altech Chemicals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Altech Chemicals has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ATC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Altech Chemicals dividends.
If you bought A$2,000 of Altech Chemicals shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Altech Chemicals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Altech Chemicals's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:ATC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 414 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Altech Chemicals has not reported any payouts.
  • Unable to verify if Altech Chemicals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Altech Chemicals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Altech Chemicals has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Altech Chemicals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Altech Chemicals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Altech Chemicals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ATC Management

 What is the CEO of Altech Chemicals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Iggy Tan
COMPENSATION A$920,792
AGE 55
TENURE AS CEO 4.8 years
CEO Bio

Mr. Ignatius Kim-Seng Tan, also known as Iggy, BSc, MBA, GAICD has been Managing Director of Altech Chemicals Limited (formerly, Australia Minerals & Mining Group Limited) since August 25, 2014 and serves as its Director. Mr. Tan served as the Managing Director of Nickelore Limited since July 12, 2007. Mr. Tan served as Managing Director of Kogi Iron Limited (a/k/a Energio Ltd) from August 26, 2013 to May 1, 2014. Mr. Tan has over 30 years of experience in the Mining and Chemical Industry. He served as the Managing Director of Lithium One Inc. He served as the Managing Director of Galaxy Resources Limited from November 2008 to June 11, 2013, where he was responsible for the capital raising, finance, construction and start-up of the Mt Cattlin Spodumene mine ($80m) and the Jiangsu Lithium Carbonate Plant ($100m), allowing Galaxy to become the preeminent producer of high grade lithium carbonate in the world. He served as General Manager of Imdex Minerals at Imdex Limited from April 14, 2004 to 2006. He served as General Manager of Operations at Iluka's Midwest division and General Manager of Westlime Limited. He served as General Manager at Westlime, Iluka Resources, Imdex Minerals and Metals X Ltd. He served as Chairman of the Western Australian Chamber of Minerals and Energy's, Murchison Regional Council. He has been a Director of Australia Minerals & Mining Group Limited since August 25, 2014. He served as a Director of Kogi Iron Limited from August 26, 2013 to May 01, 2014 and Nickelore Limited until September 30, 2009. He served as a Director of Lithium One Inc. Mr. Tan served as a Non-Executive Director of Galaxy Resources from September 18, 2008 to November 2008 and previously served as its Director from November 2008 to June 11, 2013. During his time at Iluka, he won the Prime Minister’s Community and Business Partnership award for industry commitment to local communities in WA. Mr. Tan received his Bachelor of Science from University of Western Australia in 1984, his Master of Business Administration from the University of Southern Cross in 1999 and has a Graduate Diploma from the Australian Institute of Company Directors in 2010.

CEO Compensation
  • Iggy's compensation has increased whilst company is loss making.
  • Iggy's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Altech Chemicals management team in years:

4.5
Average Tenure
  • The tenure for the Altech Chemicals management team is about average.
Management Team

Iggy Tan

TITLE
MD & Director
COMPENSATION
A$921K
AGE
55
TENURE
4.8 yrs

Shane Volk

TITLE
Company Secretary & CFO
COMPENSATION
A$470K
TENURE
4.5 yrs

Jingyuan Liu

TITLE
General Manager of Operations & Marketing
AGE
53
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Altech Chemicals board of directors in years:

6.3
Average Tenure
56.5
Average Age
  • The tenure for the Altech Chemicals board of directors is about average.
Board of Directors

Luke Atkins

TITLE
Non-Executive Chairman
COMPENSATION
A$137K
TENURE
12 yrs

Iggy Tan

TITLE
MD & Director
COMPENSATION
A$921K
AGE
55
TENURE
4.8 yrs

Dan Tenardi

TITLE
Non-Executive Director
COMPENSATION
A$98K
AGE
72
TENURE
9.7 yrs

Peter Bailey

TITLE
Non-Executive Director
COMPENSATION
A$96K
TENURE
6.9 yrs

Tunku Khyra

TITLE
Non-Executive Director
COMPENSATION
A$99K
AGE
58
TENURE
5.6 yrs

Uwe Ahrens

TITLE
Alternate Non-Executive Director
COMPENSATION
A$59K
AGE
53
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
29. Apr 19 Buy DELPHI Unternehmensberatung AG Company 26. Apr 19 26. Apr 19 150,000 A$0.12 A$18,555
X
Management checks
We assess Altech Chemicals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Altech Chemicals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ATC News

Simply Wall St News

Update: Altech Chemicals (ASX:ATC) Stock Gained 44% In The Last Three Years

For example, the Altech Chemicals Limited (ASX:ATC) share price is up 44% in the last three years, clearly besting than the market return of around 19% (not including dividends). … Altech Chemicals hasn't yet reported any revenue yet, so it's as much a business idea as a business. … It's a testament to the popularity of the business plan that the share price gained 13% per year, over 3 years, despite the weak balance sheet.

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Do Directors Own Altech Chemicals Limited (ASX:ATC) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Altech Chemicals is a smaller company with a market capitalization of AU$49m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Altech Chemicals

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ATC Company Info

Description

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 Limited was founded in 2007 and is based in Subiaco, Australia.

Details
Name: Altech Chemicals Limited
ATC
Exchange: ASX
Founded: 2007
A$84,442,498
703,687,489
Website: http://www.altechchemicals.com
Address: Altech Chemicals Limited
295 Rokeby Road,
Suite 8,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ATC Ordinary Shares Australian Securities Exchange AU AUD 27. Jan 2010
CHIA ATC Ordinary Shares Chi-X Australia AU AUD 27. Jan 2010
Number of employees
Current staff
Staff numbers
0
Altech Chemicals employees.
Industry
Aluminum
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 10:34
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.