Alpha HPA Limited (AU:A4N)
ASX:A4N
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Alpha HPA Limited
(Sydney:A4N)
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Rating:54Neutral
Price Target:
AU$0.87
▲(30.15% Upside)
Action:Reiterated
Date:06/17/26
The score is primarily held back by weak financial performance (large losses, negative operating cash flow, and negative ROE) despite rapid revenue growth and low leverage. Technicals are a key positive, with the stock trading above major moving averages and positive MACD. Valuation is neutral-to-weak because the negative P/E reflects ongoing losses and there is no dividend yield data.
Positive Factors
Rapid Revenue Growth
Sustained triple-digit revenue growth signals accelerating commercial traction for Alpha HPA's products and processing technology. Over 2-6 months this supports scale economies, strengthens customer validation for HPA supply, and increases the likelihood of margin improvement as fixed costs are spread across higher volumes.
Negative Factors
Large Ongoing Losses
Deep and persistent negative margins indicate the business is not yet converting revenue into sustainable profits. Over the medium term, prolonged unprofitability increases reliance on external capital, limits reinvestment capacity, and raises execution risk for scaling production and improving unit economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Growth
Sustained triple-digit revenue growth signals accelerating commercial traction for Alpha HPA's products and processing technology. Over 2-6 months this supports scale economies, strengthens customer validation for HPA supply, and increases the likelihood of margin improvement as fixed costs are spread across higher volumes.
Read all positive factors
Alpha HPA Limited (A4N) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.23B
Dividend YieldN/A
Average Volume (3M)960.39K
Price to Earnings (P/E)―
Beta (1Y)1.82
Revenue Growth467.60%
EPS Growth-21.48%
CountryAU
Employees65
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,451,896,400
10 Day Avg. Volume943,881
30 Day Avg. Volume960,392
Financial Highlights & Ratios
PEG Ratio-5.05
Price to Book (P/B)4.44
Price to Sales (P/S)3058.02
P/FCF Ratio-9.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.16Price Target Upside73.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$771.73K
Alpha HPA Limited Business Overview & Revenue Model
Company Description
Alpha HPA Limited is an enterprise focused on the assessment, exploration, and advancement of mineral properties, with its primary geological interest lying in High Purity Alumina (HPA) deposits. The company's key asset is the HPA First project, s...
How the Company Makes Money
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Alpha HPA Limited Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 510.07K | 317.52K | 44.05K | 16.15K | 38.74K | 0.00 |
| Gross Profit | -15.98M | -3.01M | -8.98M | -983.56K | -141.27K | -47.19K |
| EBITDA | -40.19M | -28.91M | -22.80M | -16.26M | -14.23M | -17.12M |
| Net Income | -39.25M | -32.56M | -24.98M | -15.68M | -7.36M | -16.27M |
Balance Sheet | ||||||
| Total Assets | 305.35M | 283.37M | 267.30M | 67.11M | 54.56M | 51.97M |
| Cash, Cash Equivalents and Short-Term Investments | 45.94M | 102.04M | 189.62M | 20.59M | 16.83M | 50.34M |
| Total Debt | 33.79M | 4.42M | 3.69M | 338.81K | 537.59K | 56.61K |
| Total Liabilities | 99.54M | 64.50M | 20.12M | 11.10M | 7.69M | 1.69M |
| Stockholders Equity | 205.81M | 218.88M | 247.17M | 56.02M | 46.87M | 50.28M |
Cash Flow | ||||||
| Free Cash Flow | -140.46M | -106.48M | -47.75M | -35.50M | -34.95M | -8.36M |
| Operating Cash Flow | -12.69M | -18.24M | -22.42M | -11.29M | -3.76M | -1.63M |
| Investing Cash Flow | -67.06M | -69.39M | -25.13M | -8.00M | -31.14M | -6.71M |
| Financing Cash Flow | 26.38M | -367.52K | 216.58M | 23.07M | 1.39M | 50.80M |
Alpha HPA Limited Technical Analysis
Positive
0.67
Price Trends
0.69
Positive
0.66
Positive
0.73
Positive
Market Momentum
0.05
Negative
67.36
Neutral
79.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:A4N, the sentiment is Positive. The current price of 0.67 is below the 20-day moving average (MA) of 0.76, below the 50-day MA of 0.69, and below the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 67.36 is Neutral, neither overbought nor oversold. The STOCH value of 79.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:A4N.
Alpha HPA Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$495.28M | 0.17 | 81.38% | ― | 23.11% | ― | |
65 Neutral | AU$508.80M | 6.70 | 16.49% | ― | 7.77% | 152.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$1.23B | -24.56 | -18.49% | ― | 467.60% | -21.48% | |
50 Neutral | AU$1.53B | -30.29 | -35.30% | ― | ― | -50.75% | |
46 Neutral | AU$180.32M | -4.58 | -12.76% | ― | ― | 17.61% | |
42 Neutral | AU$237.14M | -11.95 | -26.32% | ― | ― | -6.36% |
* Basic Materials Sector Average
AU:A4N
Alpha HPA Limited
0.86
0.06
8.18%
AU:AIS
Aeris Resources Limited
0.39
0.23
143.75%
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Metro Mining Limited
1.64
0.38
29.76%
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Iperionx Limited
4.36
0.07
1.63%
AU:LOT
Lotus Resources Limited
0.66
-1.70
-72.00%
AU:CAY
Canyon Resources Limited
0.12
-0.12
-52.08%
Alpha HPA Limited Corporate Events
Alpha HPA lifts LOIs to 12,000t as AI-fuelled chip demand drives HPA growth
Jun 16, 2026
Alpha HPA has expanded non-binding letters of intent for its high-purity aluminium products to about 12,350 tonnes a year, adding new commitments from customers in South Korea and Japan for thermal filler applications, a global specialty materials...
Alpha HPA advances Gladstone expansion as AI-driven semiconductor demand accelerates
Apr 30, 2026
Alpha HPA reported strong progress on Stage 2 of its HPA First project in Gladstone, where civil works, major solvent extraction modules, bulk reagent tanks and pipe racks are advancing toward what is planned to be the world’s largest single...
Alpha HPA Cancels 230,000 Lapsed Performance Rights
Mar 31, 2026
Alpha HPA Limited has notified the market of the cessation of 230,000 performance rights (A4NAD) following the lapse of conditional rights that could not be, or were no longer capable of being, satisfied as of 31 March 2026. The cancellation of th...
Alpha HPA director Robert Williamson lifts stake with on-market share purchase
Mar 29, 2026
Alpha HPA Limited has disclosed a change in director interests following an on-market purchase of company shares by director Robert Williamson. The transaction, undertaken in accordance with ASX listing requirements, modestly increases Williamson&...
Alpha HPA Director Increases Shareholding via On-Market Purchase
Mar 26, 2026
Alpha HPA Limited has reported a change in director Rimas Kairaitis’s interests in the company following an on-market purchase of additional shares. The filing, made under ASX Listing Rule 3.19A, outlines the updated holdings structure and c...
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.