Altech Chemicals Limited (ATC) AI Stock Analysis

• Market Cap: AU$65.38M
• Dividend Yield: N/A
• Average Volume (3M): 6.01M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.80
• Revenue Growth: N/A
• EPS Growth: 57.49%
• Country: AU
• Employees: 24
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): >-0.01
• Shares Outstanding: 2,668,771,700
• 10 Day Avg. Volume: 9,258,201
• 30 Day Avg. Volume: 6,009,119
• PEG Ratio: 0.06
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 566.35
• P/FCF Ratio: -2.92
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.02 ▼(-23.33% Downside)
• Action: Upgraded Date: 01/07/26
• Date: Action: Upgraded 01/07/26

The score is primarily held down by weak financial performance, including steep revenue decline, persistent losses, and negative cash flow. Technicals are mixed with only short-term strength and a negative MACD, while valuation is constrained by a negative P/E and no stated dividend yield.

Positive Factors

Moderate leverage

A debt-to-equity of ~0.42 indicates moderate leverage, which reduces immediate interest burden and preserves borrowing headroom for project financing. This balance sheet position supports longer-run project development flexibility and lowers refinancing risk versus highly leveraged peers.

Positive gross margin

A positive gross margin shows unit-level economics can cover direct production costs, which is crucial for specialty materials like HPA. If overhead and operating inefficiencies are addressed, sustained positive gross margins provide a foundation for eventual operating profitability when volumes scale.

Strategic exposure to HPA/battery supply chain

Positioning around HPA ties the business to structurally growing markets (EV batteries, advanced materials). Long-term secular demand for battery components supports the project's market relevance if Altech can commercialize HPA production and secure offtakes or industrial customers.

Negative Factors

Steep revenue decline

A ~73% revenue drop is a durable red flag: it signals loss of sales scale and weak commercial traction. Sustained top-line contraction constrains reinvestment, increases per-unit overhead, and raises the bar for any future project to reach profitable scale without substantial new revenue drivers.

Persistent negative profitability

Deep, recurring losses and negative returns on equity erode shareholder capital and indicate structural operating inefficiencies. Continued negative margins limit internal funding for development, make external financing more dilutive or costly, and challenge management's ability to deliver sustained shareholder value.

Negative operating cash flow

Persistent negative operating cash flow undermines the company's ability to fund project development from operations, increasing reliance on external financing. Historical dependence on financing activities rather than recurring operating revenue raises execution and dilution risk if commercial cash generation is delayed.

Altech Chemicals Limited Business Overview & Revenue Model

Company Description

Altech Chemicals Limited produces high purity alumina used in the production of synthetic sapphire. The company holds 100% interest in a kaolin deposit located in the Meckering, Western Australia. It also develops battery materials in Germany. 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 incorporated in 2007 and is based in Subiaco, Australia.

How the Company Makes Money

Altech Chemicals generates revenue primarily through the sale of high-purity alumina produced from its processing facilities. The company's revenue model relies on the demand for HPA in key markets such as electric vehicle batteries, which are experiencing significant growth due to the global shift towards renewable energy and sustainable transportation. Key revenue streams include direct sales of HPA to manufacturers in the battery, ceramics, and LED markets. Additionally, Altech has established strategic partnerships with key industry players and stakeholders to enhance its market reach and operational capabilities, which contribute to its overall earnings potential. The company may also explore off-take agreements, joint ventures, and collaborations to secure long-term contracts and further boost its revenue.

Altech Chemicals Limited Financial Statement Overview

Summary

Weak fundamentals: sharp revenue decline (-72.89%) and deeply negative profitability (net margin -142.57%, negative EBIT/EBITDA). Balance sheet leverage is moderate (debt-to-equity 0.42) but returns are poor (ROE -37.92%) and cash flow remains negative, indicating ongoing financial strain.

Income Statement

Altech Chemicals Limited has experienced significant revenue volatility, with a notable decline in revenue growth rate of -72.89% in the most recent year. The company has consistently negative net profit margins, with the latest at -142.57%, indicating ongoing profitability challenges. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. Despite these challenges, the gross profit margin remains positive, suggesting some ability to cover direct costs.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.42, indicating moderate leverage. However, the return on equity is negative, at -37.92%, highlighting inefficiencies in generating returns for shareholders. The equity ratio is not explicitly calculated, but the balance sheet shows a reasonable level of equity relative to total assets, suggesting some financial stability.

Cash Flow

Altech Chemicals Limited has negative operating and free cash flows, with a slight improvement in free cash flow growth at -7.4%. The operating cash flow to net income ratio is negative, indicating cash flow challenges relative to reported earnings. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses with free cash flow, albeit from a negative base.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	82.22K	88.45K	20.81K	0.00	696.00
Gross Profit	82.22K	-311.25K	-326.96K	-328.89K	-229.93K
EBITDA	-12.82M	-32.45M	-61.69M	-5.65M	2.76M
Net Income	-11.72M	-28.06M	-59.72M	-5.73M	2.33M
Balance Sheet
Total Assets	36.89M	38.10M	44.88M	98.39M	89.77M
Cash, Cash Equivalents and Short-Term Investments	448.23K	2.12M	3.57M	10.91M	6.73M
Total Debt	12.94M	9.45M	4.28M	89.93K	84.23K
Total Liabilities	16.45M	15.47M	11.00M	850.53K	840.48K
Stockholders Equity	30.92M	28.98M	35.99M	97.61M	88.93M
Cash Flow
Free Cash Flow	-15.93M	-27.67M	-15.49M	-7.44M	-8.91M
Operating Cash Flow	-7.65M	-11.41M	-8.28M	-4.82M	-3.70M
Investing Cash Flow	-8.28M	-13.66M	-2.15M	-4.33M	-6.79M
Financing Cash Flow	14.26M	23.63M	3.08M	13.35M	16.38M

Altech Chemicals Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ATC, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.01 is Neutral, neither overbought nor oversold. The STOCH value of -200.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ATC.

Altech Chemicals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ANO	60 Neutral	AU$61.08M	42.39	3.53%	―	24.88%	―
HAV	54 Neutral	AU$233.59M	-67.35	-6.23%	―	-100.00%	-155.68%
AS1	52 Neutral	AU$232.46M	-96.67	-5.37%	―	―	―
HZR	46 Neutral	AU$103.62M	-15.35	-55.86%	―	―	64.63%
VRX	43 Neutral	AU$46.70M	-13.33	-16.10%	―	―	36.62%
ATC	42 Neutral	AU$65.38M	-3.38	-39.14%	―	―	57.49%

Altech Chemicals Limited Corporate Events

Altech Advances High-Performance Silicon Anodes and Battery Strategy with New Funding and Board

Altech Chemicals reported that its Silumina Anodes technology, incorporating a 5% addition of spherical alumina-coated silicon, achieved 88.5% capacity retention after 500 charge–discharge cycles, with repeated tests confirming stability and reproducibility. The anode delivers an initial capacity of 500 mAh/g—over 40% higher than commercial graphite alone—and retains 420 mAh/g after 500 cycles, which the company says can translate into longer EV driving range, lighter battery packs and improved efficiency, while its Saxony pilot plant is producing consistent, high-quality material that underpins readiness for commercial scale-up. In parallel, Altech completed a A$6 million equity placement to advance its Silumina Anodes and CERENERGY battery projects, including financing groundwork, completion of a 90 kWh prototype battery and evaluation of a 4 GWh giga-factory, and it has installed a new board following a shareholder meeting, initiating a strategic reset to sharpen the company’s focus on commercialising its core battery technologies.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Shifts Silumina Anodes R&D to Germany and Appoints New CTO

Altech Batteries has decided to relocate its Silumina Anodes R&D laboratory from Perth to Saxony, Germany, placing it alongside the company’s existing pilot plant to streamline development, improve operational efficiency and reduce costs. The move is designed to accelerate commercialisation of its silicon-enhanced lithium-ion anode technology, which the company says delivers around 30% higher energy density and longer battery life, and comes as Altech signs non-disclosure agreements with leading German and US carmakers for testing material samples; in parallel, it has strengthened its technical leadership by appointing German-based battery specialist Dr Luise Bloi, formerly of the Fraunhofer Institute, as Chief Technology Officer, reinforcing its position within Europe’s advanced battery ecosystem.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Wins €46m German Grant for CERENERGY® Plant in Saxony

Altech Batteries’ German subsidiary has secured conditional binding approval for up to €46.11 million in grant funding under the federal STARK economic development program to support its CERENERGY® sodium-chloride solid-state battery project in Saxony. Covering around 30% of eligible capital expenditure for a planned 120 MWh manufacturing facility, the grant significantly de-risks project financing and marks a major milestone for establishing advanced non-lithium energy storage production capacity in Europe, though the commitment remains contingent on the project reaching full financial close and Germany’s 2026 federal budget approval by mid-2026.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Reshapes Equity Base as 186 Million Options Expire

Altech Batteries Limited has announced that 185,686,828 listed options with the ASX code ATCOC, carrying an exercise price of $0.06 and expiring on 31 December 2025, have lapsed. Following this expiry, the company’s capital structure now consists of 2.67 billion fully paid ordinary shares, along with various remaining option series and performance rights with later expiry dates, a reshaping of its securities on issue that may influence future dilution dynamics and investor assessment of its equity base.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Seeks ASX Quotation for Small Parcel of New Shares

Altech Batteries Ltd has applied for quotation on the ASX of 2,109 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The modest size of the issuance suggests only a minor change to the company’s capital structure, indicating a routine administrative step rather than a material shift in funding or strategy for current shareholders and market positioning.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Seeks ASX Quotation for 81,207 New Shares

Altech Batteries Ltd has applied for quotation on the ASX of 81,207 new fully paid ordinary shares, following the issue of these securities on 30 December 2025. The modest size of the new share quotation suggests routine capital management activity, potentially stemming from the exercise of options or conversion of existing instruments, with limited immediate dilution but incremental expansion of the company’s listed equity base for existing and prospective investors.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Seeks ASX Quotation for Additional Ordinary Shares

Altech Batteries Ltd, listed on the ASX under the code ATC, has applied for quotation of an additional 24,559 fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The new shares, issued on 29 December 2025, represent a minor increase in the company’s quoted securities on the market and will slightly expand its free float and shareholder equity, though without indicating any broader operational or strategic change in this announcement alone.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Seeks ASX Quotation for Additional Ordinary Shares

Altech Batteries Ltd has applied to the ASX for quotation of 5,001 new fully paid ordinary shares, with an issue date of 22 December 2025, arising from the exercise or conversion of existing options or other convertible securities. The relatively small share issuance represents a minor expansion of the company’s listed equity base and is a routine capital markets transaction that marginally increases the number of tradable securities available to investors without indicating a major shift in strategy or operations.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Axes AMPower Deal to Double Down on Core Technologies

Altech Batteries’ newly reconstituted board has decided to terminate immediately its distribution partnership with Chinese sodium nickel chloride battery producer AMPower, concluding that the venture did not offer sufficient financial returns for the risk and resources required. The company will instead concentrate its capital and management attention on maximising the commercial potential of its in-house CERENERGY solid state grid-storage batteries and Silumina Anodes EV-focused materials, signalling a strategic refocus on proprietary technologies that it believes can deliver stronger long-term value and sharpen its competitive positioning in Europe’s rapidly evolving battery supply chain.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Ltd Announces Quotation of New Securities

Altech Batteries Ltd has announced the quotation of 98,700 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 15, 2025. This move is part of the company’s strategy to enhance its market presence and potentially increase its capital, which could have significant implications for its growth and stakeholder value.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.

Altech Batteries Ltd Expands Market Presence with New Securities Quotation

Altech Batteries Ltd has announced the quotation of 120,625 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 8, 2025. This move signifies the company’s ongoing efforts to enhance its market presence and provide additional value to its stakeholders by expanding its capital base.

The most recent analyst rating on (AU:ATC) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Altech Chemicals Limited stock, see the AU:ATC Stock Forecast page.