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
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
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
is considered below, and whether this is a fair price.
Price based on past earnings
Altech Chemicals's earnings available for a low price, and how does
this compare to other companies in the same industry?
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
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
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
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.
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.
Altech Chemicals's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
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.
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.
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
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.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
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.
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
management team in years:
The tenure for the Altech Chemicals management team is about average.
MD & Director
Company Secretary & CFO
General Manager of Operations & Marketing
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Altech Chemicals board of directors is about average.
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.
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
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.
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