Almonty Industries Inc.

NasdaqCM:ALM Stock Report

Market Cap: US$5.2b

Almonty Industries Future Growth

Future criteria checks 6/6

Almonty Industries is forecast to grow earnings and revenue by 48% and 40% per annum respectively. EPS is expected to grow by 49.3% per annum. Return on equity is forecast to be 50.6% in 3 years.

Key information

48.0%

Earnings growth rate

49.27%

EPS growth rate

Metals and Mining earnings growth14.1%
Revenue growth rate40.0%
Future return on equity50.64%
Analyst coverage

Good

Last updated10 Jun 2026

Recent future growth updates

Recent updates

Seeking Alpha • Jun 05

Almonty Industries: Buy The Dip And Profit From Tungsten's Supply Chain War

Summary Almonty Industries is uniquely positioned to benefit from the global tungsten supply shock. ALM’s Q1 revenue surged 221% to $25.4M, with positive EBITDA and strong operating cash flow driven by high prices and Panasqueira's sturdy output. Geopolitical supply constraints, robust defense demand, and ALM’s strategic U.S. positioning underpin a multi-year super cycle. The company's Sangdong mine could eventually supply 40% of the world's (non-Chinese) tungsten. The company enters the Russell 1000 and Russell 3000 on June 29, ensuring new investor engagement. I rate it a Strong Buy. With the stock down 18% after yesterday's dilutive $700 million convertible note offering, ALM at $17.00 is an excellent entry point. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqCM:ALM - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,2786888101,2076
12/31/20279244983586779
12/31/20263941242525810
3/31/202650-133-80-5N/A
12/31/202533-162-80-19N/A
9/30/202530-65-69-5N/A
6/30/202528-104-55-20N/A
3/31/202529-47-47-11N/A
12/31/202429-16-44-7N/A
9/30/202428-14-43-17N/A
6/30/202426-11-41-16N/A
3/31/202423-10-34-12N/A
12/31/202323-9-29-12N/A
9/30/202324-7-24-2N/A
6/30/202324-14-31-5N/A
3/31/202326-15-27-3N/A
12/31/202225-14-27-4N/A
9/30/202224-10-26-7N/A
6/30/202225-6-16-4N/A
3/31/202223-6-17-7N/A
12/31/202121-8-18-8N/A
9/30/202121-14-15-8N/A
6/30/202121-11-15-7N/A
3/31/202123-8-13-6N/A
12/31/202025-9-11-5N/A
9/30/202025-20-72N/A
6/30/202026-21-11-5N/A
3/31/202032-21-9-2N/A
12/31/201938-12N/A3N/A
9/30/2019489N/A-1N/A
6/30/201956-7N/A11N/A
3/31/201967-1N/A16N/A
12/31/201871-1N/A15N/A
9/30/201865-11N/A11N/A
6/30/2018619N/A3N/A
3/31/2018501N/A-1N/A
12/31/201743-6N/A-4N/A
9/30/201739-8N/A-3N/A
6/30/201739-17N/A-1N/A
3/31/201736-20N/A-6N/A
12/31/201636-20N/A-6N/A
9/30/201637-21N/A-4N/A
6/30/201635-28N/A0N/A
3/31/201636-25N/A3N/A
12/31/201536-24N/A2N/A
9/30/201536-20N/A1N/A
6/30/201536-1N/A2N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).

Earnings vs Market: ALM is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ALM is expected to become profitable in the next 3 years.

Revenue vs Market: ALM's revenue (40% per year) is forecast to grow faster than the US market (13% per year).

High Growth Revenue: ALM's revenue (40% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALM's Return on Equity is forecast to be very high in 3 years time (50.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 03:59
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Almonty Industries Inc. is covered by 12 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob SekelskyAlliance Global Partners
Lawson WinderBofA Global Research
Nicholas GilesB. Riley Securities, Inc.