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Alpha HPA Limited (AU:A4N)
ASX:A4N
Australian Market
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Alpha HPA Limited (A4N) AI Stock Analysis

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AU:A4N

Alpha HPA Limited

(Sydney:A4N)

Rating:40Underperform
Price Target:
AU$1.00
▲(13.64% Upside)
Alpha HPA Limited's stock score is primarily impacted by its financial performance and valuation. The company shows strong revenue growth but faces significant profitability and cash flow challenges, leading to a low financial performance score. The technical analysis indicates a bearish trend, contributing to a moderate score. The valuation is particularly weak due to negative earnings and the absence of dividends, further lowering the overall score.

Alpha HPA Limited (A4N) vs. iShares MSCI Australia ETF (EWA)

Alpha HPA Limited Business Overview & Revenue Model

Company DescriptionAlpha HPA Limited (A4N) is an Australian-based company that specializes in the production and supply of high-purity alumina (HPA) products. The company operates within the advanced materials sector, focusing on the development and commercialization of HPA for use in various high-tech applications, including LED lighting, semiconductors, and electric vehicle batteries. Alpha HPA aims to provide sustainable and efficient solutions to meet the growing demand for high-purity alumina in technology and industrial markets.
How the Company Makes MoneyAlpha HPA Limited generates revenue primarily through the production and sale of high-purity alumina products. The company's revenue model is centered around the commercial supply of HPA to industries that require high-quality alumina for manufacturing processes. Key revenue streams include sales contracts with manufacturers in the LED lighting, electronics, and electric vehicle sectors. Additionally, the company may engage in strategic partnerships and collaborations with other firms or research institutions to enhance its product offerings and expand its market reach. Factors contributing to its earnings include advancements in production technology, increasing demand for HPA in various applications, and the company's ability to scale its operations efficiently.

Alpha HPA Limited Financial Statement Overview

Summary
Alpha HPA Limited is experiencing rapid revenue growth, yet it struggles with profitability and cash flow management. The company maintains a low leverage position, which is a positive aspect, but the negative returns on equity and persistent losses highlight significant operational challenges. The financial health of the company is under pressure, with a need for improved profitability and cash flow stability.
Income Statement
25
Negative
Alpha HPA Limited has shown significant revenue growth, with a 253.34% increase in the latest year. However, the company is facing substantial profitability challenges, as indicated by negative margins across the board. The net profit margin is particularly concerning at -102.53%, reflecting ongoing losses. The EBIT and EBITDA margins also highlight operational inefficiencies.
Balance Sheet
40
Negative
The company's balance sheet shows a low debt-to-equity ratio of 0.02, indicating minimal leverage and a conservative capital structure. However, the return on equity is negative at -14.87%, suggesting that the company is not generating sufficient returns on shareholder investments. The equity ratio is relatively healthy, showing a strong equity base compared to total assets.
Cash Flow
30
Negative
Cash flow analysis reveals a mixed picture. While there is a significant free cash flow growth rate of 51.28%, the operating cash flow remains negative, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting some efficiency in converting net income to cash, but the overall cash flow position remains weak.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue317.52K317.52K44.05K16.15K38.74K0.00
Gross Profit-8.32M-3.01M-8.98M-983.56K-141.27K-47.19K
EBITDA-38.01M-28.91M-21.59M-16.26M-14.23M-17.12M
Net Income-32.56M-32.56M-24.98M-15.68M-7.36M-16.27M
Balance Sheet
Total Assets283.37M283.37M267.30M67.11M54.56M51.97M
Cash, Cash Equivalents and Short-Term Investments102.04M102.04M189.62M20.59M16.83M50.34M
Total Debt4.42M4.42M3.69M338.81K537.59K56.61K
Total Liabilities64.50M64.50M20.12M11.10M7.69M1.69M
Stockholders Equity218.88M218.88M247.17M56.02M46.87M50.28M
Cash Flow
Free Cash Flow-103.78M-106.48M-47.75M-35.50M-34.95M-8.36M
Operating Cash Flow-18.24M-18.24M-22.42M-11.29M-3.76M-1.63M
Investing Cash Flow-69.39M-69.39M-25.13M-8.00M-31.14M-6.71M
Financing Cash Flow-367.52K-367.52K216.58M23.07M1.39M50.80M

Alpha HPA Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.88
Price Trends
50DMA
0.92
Negative
100DMA
0.90
Negative
200DMA
0.88
Negative
Market Momentum
MACD
-0.01
Positive
RSI
37.26
Neutral
STOCH
23.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:A4N, the sentiment is Negative. The current price of 0.88 is below the 20-day moving average (MA) of 0.94, below the 50-day MA of 0.92, and below the 200-day MA of 0.88, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 37.26 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:A4N.

Alpha HPA Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.37B6.45-0.08%2.84%3.09%-36.03%
55
Neutral
AU$281.71M6.3215.33%6.70%
48
Neutral
AU$438.79M-15.51%-129.85%
46
Neutral
AU$500.05M3.71145.87%45.56%
40
Underperform
AU$972.37M-13.97%620.73%-21.19%
38
Underperform
AU$2.44B-38.95%-16.77%
26
Underperform
AU$446.19M-33.55%-175.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:A4N
Alpha HPA Limited
0.87
-0.03
-3.33%
AU:AIS
Aeris Resources Limited
0.32
0.16
100.00%
AU:MMI
Metro Mining Limited
0.08
0.05
166.67%
AU:IPX
Iperionx Limited
6.69
4.03
151.50%
AU:LOT
Lotus Resources Limited
0.20
-0.04
-16.67%
AU:CAY
Canyon Resources Limited
0.26
0.18
225.00%

Alpha HPA Limited Corporate Events

Alpha HPA Limited Issues New Equity Securities to Bolster Growth
Aug 1, 2025

Alpha HPA Limited has announced the issuance of 500,000 unquoted equity securities in the form of options expiring on August 1, 2028, with an exercise price of $1.13. This issuance is part of the company’s strategic financial maneuvers to strengthen its capital structure, potentially enhancing its market position and providing opportunities for growth and expansion in the high purity alumina sector.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Strengthens Stakeholder Ties with Share and Option Issuance
Aug 1, 2025

Alpha HPA Limited has issued 52,966 fully paid ordinary shares and 500,000 unlisted options to the Port Curtis Coral Coast Aboriginal Peoples Charitable Trust. This strategic move is part of the company’s ongoing efforts to strengthen its stakeholder relationships and enhance its market presence. The issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, indicating compliance with regulatory requirements. This announcement underscores Alpha HPA’s commitment to corporate responsibility and its strategic partnerships with indigenous communities.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Issues Securities to PCCC Trust
Aug 1, 2025

Alpha HPA Limited announced the issuance of 52,966 ordinary fully paid securities to the Port Curtis Coral Coast Aboriginal Peoples Charitable Trust. This move, marked by the signing of a Subscription Letter, reflects Alpha HPA’s commitment to engaging with community stakeholders and potentially enhancing its market presence through strategic partnerships.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Limited Adjusts Securities Issuance Process
Aug 1, 2025

Alpha HPA Limited announced the cancellation of a previous announcement regarding the issuance of options that are not to be quoted. The company plans to lodge a new Appendix 2A and 3G, indicating a procedural adjustment in their securities management. This move may impact stakeholders by altering the expected securities issuance process, reflecting the company’s adherence to regulatory requirements and operational transparency.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Limited Announces New Securities Issuance to PCCC Trust
Aug 1, 2025

Alpha HPA Limited has announced the issuance of new securities, including ordinary shares and options, to the Port Curtis Coral Coast Limited as Trustee for the Port Curtis Coral Coast Aboriginal Peoples Charitable Trust. This move signifies a strategic partnership and potential growth opportunity, enhancing Alpha HPA’s market presence and stakeholder engagement.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Forges Strategic Partnership with PCCC Trust
Aug 1, 2025

Alpha HPA Limited has announced a strategic partnership with the Port Curtis Coral Coast Aboriginal Peoples Charitable Trust (PCCC Trust) through a $50,000 share placement and the issuance of 500,000 options. This collaboration aims to enhance First Nations engagement and economic participation, fulfilling Alpha’s commitment to equity partnerships and meeting requirements for its debt funding arrangement with the Northern Australia Infrastructure Facility.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Advances HPA First Project and Strengthens Semiconductor Market Position
Jul 29, 2025

Alpha HPA Limited has reported significant progress in its HPA First Project Stage 2, with major civil works commenced and substantial advancements in equipment fabrication. The company is consolidating its position as a leading supplier to the semiconductor sector, driven by increasing demand from AI, data centers, and power-semiconductor growth. Sales and orders are rising, supported by Alpha’s production scale and process advantages. The company is also advancing its Alpha Sapphire Project, with the first sapphire wafer sales recorded and further production committed to sapphire optics customers. Additionally, Alpha is planning a capital light expansion of Stage 1 to cater to the semiconductor polishing sector.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Limited Issues Performance Rights to Employees
Jun 30, 2025

Alpha HPA Limited announced the issuance of 1,080,000 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to align employee performance with shareholder interests, potentially enhancing operational efficiency and market competitiveness.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Advances HPA First Project Amid Rising Semiconductor Demand
Jun 26, 2025

Alpha HPA Limited announced significant progress in its HPA First Project Stage 2, with major civil works contracts issued and construction underway. The company is experiencing strong demand from the semiconductor sector, driven by AI and data center growth, with over 360 orders since May 2024. The company is also expanding its Letters of Intent, covering 63% of Stage 2 production, and has recorded its first sapphire wafer sales as part of semiconductor qualification. These developments position Alpha HPA as a key player in the high purity aluminium materials market, with potential implications for increased market share and stakeholder engagement.

The most recent analyst rating on (AU:A4N) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Alpha HPA Limited stock, see the AU:A4N Stock Forecast page.

Alpha HPA Limited Issues New Shares to Strengthen Capital Base
May 6, 2025

Alpha HPA Limited has issued 626,604 fully paid ordinary shares, with a portion resulting from the cashless conversion of options and the remainder issued to employees for services rendered. This issuance was conducted without disclosure under the Corporations Act, and the company confirms compliance with relevant legal provisions, indicating a strategic move to strengthen its capital base and reward its employees, potentially enhancing its market position.

Alpha HPA Limited Announces Director’s Interest Changes
May 6, 2025

Alpha HPA Limited has announced a change in the director’s interest notice for Norman Seckold, Rob Williamson, and Rimas Kairaitis, as per the ASX listing rule 3.19A. This update reflects changes in the securities held by the directors, which may influence the company’s governance and shareholder dynamics.

Alpha HPA Limited Announces Quotation of New Securities on ASX
May 6, 2025

Alpha HPA Limited has announced the quotation of 626,604 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code A4N. This move signifies the company’s ongoing efforts to enhance its financial flexibility and market presence, potentially impacting its operational capabilities and stakeholder interests positively.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 04, 2025