AML3D Ltd (AL3) AI Stock Analysis

• Market Cap: AU$82.88M
• Dividend Yield: N/A
• Average Volume (3M): 3.55M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• Revenue Growth: 0.88%
• EPS Growth: 4.88%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): >-0.01
• Shares Outstanding: 552,528,560
• 10 Day Avg. Volume: 2,322,640
• 30 Day Avg. Volume: 3,552,747
• PEG Ratio: 3.49
• Price to Book (P/B): 2.91
• Price to Sales (P/S): 12.65
• P/FCF Ratio: -18.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.40
• Price Target Upside: 185.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): >-0.01
• Revenue Forecast (FY): AU$17.70M

• Rating: 41 Neutral
• Price Target: AU$0.14 ▲(2.14% Upside)
• Action: Upgraded Date: 11/21/25
• Date: Action: Upgraded 11/21/25

AML3D Ltd's overall stock score is primarily impacted by its poor financial performance, characterized by consistent losses and negative cash flows. Technical analysis provides mixed signals, with some potential for positive momentum. Valuation metrics are weak due to negative earnings and lack of dividends. The absence of earnings call and corporate events data leaves these areas unaddressed.

Positive Factors

Proprietary WAM® technology and target markets

AML3D's proprietary WAM® process and focus on large-format, complex metal parts for heavy-industry form a durable competitive position. The technology supports both contract manufacturing and machine sales, enabling diversified revenue streams and differentiation versus traditional fabricators over time.

Strong gross profit margin at unit level

A reported gross margin of 68.37% indicates efficient core manufacturing economics from the WAM® process. If AML3D can scale production and better control operating expenses, this unit-level profitability provides a structural runway to convert revenue growth into sustainable operating profits.

Conservative leverage and strong equity base

Very low leverage and an equity ratio of 82.72% give AML3D financial flexibility typical of a capital-intensive manufacturer. This conservative balance sheet reduces near-term solvency risk, supports investment in R&D and capex, and helps the company weather cyclical cash-flow swings.

Negative Factors

Persistent operating losses and negative margins

Extremely negative EBITDA and net margins show operating expenses are overwhelming gross profits. This indicates structural profitability issues: unless fixed costs are materially reduced or revenue scales meaningfully, the company faces continued losses that impair long-term shareholder returns.

Negative operating and free cash flow

Persistent negative operating and free cash flow, plus a declining FCF trend, means AML3D is burning cash and not converting reported results into liquidity. This constrains organic investment, increases reliance on external funding, and elevates execution and financing risks over the medium term.

Declining and volatile revenue growth

Material negative revenue growth and recent significant declines indicate demand or execution volatility. Shrinking top-line impairs operating leverage, makes fixed-cost absorption harder, and lengthens the timeframe to achieve scale economics necessary to turn strong gross margins into net profitability.

AML3D Ltd Business Overview & Revenue Model

Company Description

AML3D Limited provides contract manufacturing services to the aerospace, marine, defense, oil and gas, mining, and general manufacturing sectors in Australia, Singapore, the United States, Japan, and internationally. The company produces metal components and structures through automated wire-fed 3D printing technology. It designs and constructs ARCEMY 3D printing modules, and 3D parts using wire additive manufacturing technology. The company was incorporated in 2014 and is headquartered in Edinburgh, Australia.

How the Company Makes Money

AML3D generates revenue primarily through the sale of its proprietary 3D printing systems and associated services. Key revenue streams include direct sales of WAM systems to customers in targeted sectors, contract manufacturing services where clients outsource their manufacturing needs to AML3D, and engineering consultancy services that assist clients in optimizing their designs for additive manufacturing. The company also benefits from strategic partnerships with industry leaders and research institutions, which help to drive innovation and expand its market reach. Additionally, AML3D may receive funding or grants for research and development initiatives, further contributing to its overall earnings.

AML3D Ltd Financial Statement Overview

Summary

AML3D Ltd faces significant financial challenges, with consistent losses and negative cash flows. Despite a strong equity position and low leverage, the inability to generate positive earnings and cash flow raises concerns about long-term sustainability. The high gross profit margin is a positive aspect, but operational inefficiencies and high expenses continue to impact overall performance.

Income Statement

AML3D Ltd has experienced significant revenue volatility, with a notable decline in revenue growth rate of -29.23% in the most recent year. The company consistently reports negative profit margins, with a net profit margin of -100.17% and an EBIT margin of -97.66%, indicating ongoing operational challenges and inefficiencies. Despite a relatively high gross profit margin of 68.37%, the negative net income suggests that high operating expenses are eroding profitability.

Balance Sheet

The company's balance sheet shows a low debt-to-equity ratio of 0.056, indicating conservative leverage. However, the return on equity is negative at -23.07%, reflecting poor profitability and potential challenges in generating returns for shareholders. The equity ratio stands at 82.72%, suggesting a strong equity base relative to total assets, which provides some financial stability.

Cash Flow

AML3D Ltd's cash flow statement reveals negative operating cash flow and free cash flow, with a free cash flow to net income ratio of 1.73, indicating that cash flow is more negative than net income. The company has struggled with free cash flow growth, showing a decline of -17.76% in the latest period. The operating cash flow to net income ratio of -0.57 highlights challenges in converting net income into cash.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	6.01M	7.39M	7.32M	634.42K	2.01M	644.00K
Gross Profit	-967.65K	5.05M	4.52M	-2.76M	-1.98M	-3.24M
EBITDA	-8.45M	-6.28M	-3.26M	-4.91M	-4.15M	-5.50M
Net Income	-9.07M	-7.40M	-4.17M	-5.44M	-4.90M	-5.51M
Balance Sheet
Total Assets	37.55M	38.78M	17.35M	8.84M	7.86M	13.41M
Cash, Cash Equivalents and Short-Term Investments	9.17M	30.48M	7.87M	4.59M	2.99M	7.26M
Total Debt	1.68M	1.79M	2.17M	348.12K	549.90K	540.00K
Total Liabilities	7.53M	6.69M	7.36M	1.91M	1.23M	1.88M
Stockholders Equity	29.67M	32.09M	9.99M	6.93M	6.63M	11.53M
Cash Flow
Free Cash Flow	-4.31M	-5.00M	-2.64M	-3.72M	-4.13M	-8.17M
Operating Cash Flow	-2.67M	-2.89M	-1.75M	-3.64M	-3.80M	-6.15M
Investing Cash Flow	-11.39M	-2.11M	-899.33K	20.86K	-272.02K	-2.03M
Financing Cash Flow	1.23M	27.66M	5.91M	5.22M	-192.70K	7.16M

AML3D Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AL3, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.17, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.09 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AL3.

AML3D Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SGI	61 Neutral	AU$154.04M	27.44	12.33%	0.74%	24.67%	96.27%
DGL	56 Neutral	AU$152.60M	-4.22	-8.21%	―	3.30%	-294.63%
VEE	54 Neutral	AU$90.98M	-1.38	5.66%	1.28%	-14.88%	-56.89%
AL3	41 Neutral	AU$82.88M	-4.86	-35.18%	―	0.88%	4.88%

AML3D Ltd Corporate Events

AML3D highlights ARCEMY additive manufacturing in interim investor update

AML3D Limited has released an investor presentation for its March 2026 interim results, highlighting its ARCEMY wire arc additive manufacturing technology and related product suite. The presentation emphasises the company’s positioning around delivering faster, stronger and greener metal manufacturing solutions, reinforcing its branding and intellectual property portfolio to support future commercial engagement with industrial and institutional investors.

The document also includes standard legal disclaimers stating that the information has not been audited or independently verified and that any projections or forecasts are subject to significant uncertainty. AML3D disclaims liability for reliance on the material and clarifies that the presentation does not constitute an offer or recommendation to buy or sell securities, framing the release as informational rather than transactional for market stakeholders.

The most recent analyst rating on (AU:AL3) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

AML3D Founder Steps Down as CTO, Moves to Non-Executive Board Role

AML3D Limited announced that founder and former CEO Andrew Sales has stepped down from his role as Chief Technology Officer and will remain on the board as a non-executive director, with his operational responsibilities to be transitioned to the senior leadership team over a six-month notice period. The board, which does not regard Sales as an independent director due to his recent executive involvement, emphasised his importance in establishing and growing the business since 2014 and indicated it expects his continued board-level contribution to support the company’s ongoing strategic and technological development.

The most recent analyst rating on (AU:AL3) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

AML3D Accelerates US Defence Push as Quarterly Receipts Surge and Global Expansion Builds

AML3D reported a sharp acceleration in commercial momentum for the December 2025 quarter, with customer receipts rising 360% year-on-year to A$2.3 million and total FY26 orders now standing at A$16.5 million. Key contracts included a A$4.5 million order for two custom ARCEMY X systems from Huntington Ingalls Industries’ Newport News Shipbuilding division, a A$1.7 million ARCEMY order from US defence and industry metal printing supplier FasTech, and a A$1.2 million portable ARCEMY Small system for Austal USA, reinforcing AML3D’s role in the US Navy’s Maritime Industrial Base. The company is leveraging a US Department of the Navy Letter of Intent that flags an estimated A$150–A$200 million additive manufacturing opportunity through 2030, while also pushing into non-defence industrial markets via the Tennessee Valley Authority and preparing a European technology hub backed by distribution deals in the UK and Germany. Concurrently, AML3D is deepening its footprint in the UK defence market through a material feasibility program with BAE Systems UK and confidential work for a UK defence prime, and its Australian operations are supporting export-led growth under the AUKUS framework and ongoing collaborations with local defence and government programs.

The most recent analyst rating on (AU:AL3) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

AML3D Director’s Interest Update: Strategic Option Acquisition

AML3D Limited has announced a change in the director’s interest notice, specifically regarding Andrew Michael Clayton Sales. The director has acquired 2,000,000 options exercisable at $0.73 on or before November 20, 2030, with shareholder approval at the AGM. This change reflects a strategic move within the company’s leadership, potentially impacting its market dynamics and shareholder value.

The most recent analyst rating on (AU:AL3) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

AML3D Ltd Director’s Interest Update

AML3D Ltd announced a change in the director’s interest, with Noel Cornish acquiring 2,000,000 unlisted options exercisable at $0.73 on or before November 20, 2030. This change, approved at the AGM, reflects the company’s ongoing strategic efforts to align its leadership’s interests with its long-term growth objectives, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (AU:AL3) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

AML3D Director’s Interest Update Reflects Strategic Alignment

AML3D Limited has announced a change in the director’s interest notice, specifically for Director Peter Siebels. The change involves the acquisition of 2,000,000 options exercisable at $0.73 on or before November 20, 2030, with shareholder approval at the AGM. This update reflects a strategic move to align the director’s interests with the company’s long-term goals, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:AL3) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.

AML3D Announces Director’s Interest Change

AML3D Ltd has announced a change in the director’s interest, specifically for Director Sean Ebert, who has acquired 2,000,000 unlisted options and 575,929 performance rights. This change in director’s interest reflects adjustments in the company’s internal management and could potentially influence its strategic direction and stakeholder relations.

The most recent analyst rating on (AU:AL3) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.