Altech Chemicals Limited focuses on producing high purity alumina used in the production of synthetic sapphire. More Details
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Mediocre balance sheet and overvalued.
Share Price & News
How has Altech Chemicals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATC's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: ATC underperformed the Australian Metals and Mining industry which returned 10.7% over the past year.
Return vs Market: ATC underperformed the Australian Market which returned -9.2% over the past year.
Price Volatility Vs. Market
How volatile is Altech Chemicals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall StWhat Kind Of Shareholder Appears On The Altech Chemicals Limited's (ASX:ATC) Shareholder Register?
1 year ago | Simply Wall StUpdate: Altech Chemicals (ASX:ATC) Stock Gained 44% In The Last Three Years
1 year ago | Simply Wall StDo Directors Own Altech Chemicals Limited (ASX:ATC) Shares?
Is Altech Chemicals 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 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 unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.
PE vs Market: ATC 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 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 (0.6x) compared to the AU Metals and Mining industry average (2.5x).
How is Altech Chemicals 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 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.
- Take a look at our analysis of ATC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Altech Chemicals competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Altech Chemicals performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATC is currently unprofitable.
Growing Profit Margin: ATC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ATC is unprofitable, and losses have increased over the past 5 years at a rate of 22.5% per year.
Accelerating Growth: Unable to compare ATC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ATC is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).
Return on Equity
High ROE: ATC has a negative Return on Equity (-5.13%), as it is currently unprofitable.
How is Altech Chemicals's financial position?
Financial Position Analysis
Short Term Liabilities: ATC's short term assets (A$1.2M) do not cover its short term liabilities (A$8.8M).
Long Term Liabilities: ATC's short term assets (A$1.2M) exceed its long term liabilities (A$63.9K).
Debt to Equity History and Analysis
Debt Level: ATC is debt free.
Reducing Debt: ATC has no debt compared to 5 years ago when its debt to equity ratio was 28.9%.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ATC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ATC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.3% each year
What is Altech Chemicals's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ATC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ATC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ATC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ATC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Iggy Tan (57 yo)
Mr. Ignatius Kim-Seng Tan, also known as Iggy, BSc, MBA, GAICD has been Member of Management Board of Altech Advanced Materials AG since July 2019 and serves as its Managing Director. Mr. Tan has been Mana ...
CEO Compensation Analysis
Compensation vs Market: Iggy's total compensation ($USD455.44K) is above average for companies of similar size in the Australian market ($USD275.10K).
Compensation vs Earnings: Iggy's compensation has been consistent with company performance over the past year.
|MD & Director||6.17yrs||AU$649.36k||0.86% |
|Company Secretary & CFO||5.92yrs||AU$310.64k||0.14% |
|General Manager of Operations & Marketing||5.08yrs||no data||no data|
Experienced Management: ATC's management team is seasoned and experienced (5.9 years average tenure).
|MD & Director||6.17yrs||AU$649.36k||0.86% |
|Independent Non-Executive Director||0.083yr||no data||no data|
|Non-Executive Director||5yrs||AU$85.34k||no data|
|Independent Non-Executive Director||8.33yrs||no data||0.42% |
|Alternate Non-Executive Director||5yrs||AU$75.34k||0.11% |
|Non-Executive Chairman||13.42yrs||AU$49.83k||1.14% |
|Non-Executive Director||11.08yrs||AU$22.46k||0.62% |
Experienced Board: ATC's board of directors are considered experienced (6.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ATC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.2%.
Altech Chemicals Limited's company bio, employee growth, exchange listings and data sources
- Name: Altech Chemicals Limited
- Ticker: ATC
- Exchange: ASX
- Founded: 2007
- Industry: Aluminum
- Sector: Materials
- Market Cap: AU$42.696m
- Shares outstanding: 908.43m
- Website: https://www.altechchemicals.com
- Altech Chemicals Limited
- 295 Rokeby Road
- Suite 8
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ATC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 2010|
|ATC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 2010|
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 c ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/30 10:38|
|End of Day Share Price||2020/10/30 00:00|
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.