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Alpha HPA Limited
(Sydney:A4N)
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Rating:43Neutral
Price Target:
AU$0.39
▼(-28.52% Downside)
Action:Reiterated
Date:10/16/26
The score is held down primarily by weak financial quality—continued losses and significant cash burn imply reliance on external funding despite a relatively low-leverage balance sheet. Technicals add further pressure as the stock is in a pronounced downtrend with negative momentum signals. Valuation provides only limited support because earnings are negative and there is no dividend yield data.
Positive Factors
Revenue Growth
Strong year-on-year revenue growth indicates that Alpha HPA is progressing from an early commercial base and gaining traction for its products. If sustained, expanding sales could improve operating leverage, support production scaling, and create a foundation for eventual margin improvement.
Negative Factors
Persistent Losses
Persistent losses across gross profit, operating earnings, and net income show that revenue growth has not yet translated into a viable earnings model. Until production and operating costs improve, the company remains exposed to prolonged execution risk and limited internal funding capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong year-on-year revenue growth indicates that Alpha HPA is progressing from an early commercial base and gaining traction for its products. If sustained, expanding sales could improve operating leverage, support production scaling, and create a foundation for eventual margin improvement.
Read all positive factors
Alpha HPA Limited (A4N) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$602.58M
Dividend YieldN/A
Average Volume (3M)9.97M
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth135.31%
EPS Growth-19.58%
CountryAU
Employees65
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,451,996,300
10 Day Avg. Volume10,845,687
30 Day Avg. Volume9,968,754
Financial Highlights & Ratios
PEG Ratio-0.99
Price to Book (P/B)1.97
Price to Sales (P/S)1084.26
P/FCF Ratio-4.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.87Price Target Upside60.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$3.61M
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
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
20
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 747.15K | 317.52K | 44.05K | 16.15K | 38.74K |
| Gross Profit | -39.81M | -3.01M | -8.98M | -983.56K | -141.27K |
| EBITDA | -41.77M | -28.91M | -22.80M | -16.26M | -14.23M |
| Net Income | -42.66M | -32.56M | -24.98M | -15.68M | -7.36M |
Balance Sheet | |||||
| Total Assets | 514.92M | 283.37M | 267.30M | 67.11M | 54.56M |
| Cash, Cash Equivalents and Short-Term Investments | 160.90M | 102.04M | 189.62M | 20.59M | 16.83M |
| Total Debt | 28.27M | 4.42M | 3.69M | 338.81K | 537.59K |
| Total Liabilities | 103.83M | 64.50M | 20.12M | 11.10M | 7.69M |
| Stockholders Equity | 411.09M | 218.88M | 247.17M | 56.02M | 46.87M |
Cash Flow | |||||
| Free Cash Flow | -200.91M | -106.48M | -47.75M | -35.50M | -34.95M |
| Operating Cash Flow | -34.45M | -18.24M | -22.42M | -11.29M | -3.76M |
| Investing Cash Flow | -202.60M | -69.39M | -25.13M | -8.00M | -31.14M |
| Financing Cash Flow | 248.32M | -367.52K | 216.58M | 23.07M | 1.39M |
Alpha HPA Limited Technical Analysis
Negative
0.54
Price Trends
0.54
Negative
0.57
Negative
0.62
Negative
Market Momentum
-0.04
Positive
42.08
Neutral
71.02
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 0.54 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.54, and below the 200-day MA of 0.62, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 42.08 is Neutral, neither overbought nor oversold. The STOCH value of 71.02 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$150.93M | -0.49 | -46.99% | ― | 234.01% | 8.57% | |
45 Neutral | AU$106.23M | -52.38 | -4.69% | ― | ― | 57.27% | |
44 Neutral | AU$104.74M | -5.05 | -42.02% | ― | 89.07% | -4.10% | |
44 Neutral | AU$273.51M | -9.77 | -10.92% | ― | ― | -69.23% | |
43 Neutral | AU$602.58M | -12.13 | -13.83% | ― | 135.31% | -19.58% |
* Basic Materials Sector Average
AU:A4N
Alpha HPA Limited
0.42
-0.38
-47.47%
AU:SYR
Syrah Resources
0.07
-0.23
-78.26%
AU:EGR
EcoGraf
0.22
-0.28
-55.56%
AU:TLG
Talga Group
0.21
-0.28
-57.29%
AU:GLN
Galan Lithium Limited
0.22
0.06
38.71%
Alpha HPA Limited Corporate Events
Macquarie Group Ceases to Be Substantial Holder in Alpha HPA
Oct 27, 2026
Macquarie Group Limited has lodged a notice that it has ceased to be a substantial holder in Alpha HPA Limited, indicating that its relevant interest in the company’s voting securities has fallen below the regulatory threshold. The filing, s...
Alpha HPA Sets 2026 AGM to Vote on Board, Pay and Incentive Changes
Oct 23, 2026
Alpha HPA Limited has called its 2026 Annual General Meeting for 25 November in Sydney, where shareholders will receive the company’s financial statements for the year to 30 June 2026 and vote on a series of governance and remuneration resol...
Alpha HPA Issues Shares to Consultant and Confirms Regulatory Compliance
Sep 25, 2026
Alpha HPA Limited has issued 100,000 fully paid ordinary shares to a consultant in consideration for services rendered, expanding its share capital through a targeted issuance rather than a public offer. The shares were issued without a prospectus...
Alpha HPA Seeks Quotation for Additional Ordinary Shares on ASX
Sep 25, 2026
Alpha HPA Limited, an ASX-listed producer of high purity alumina and advanced aluminium materials, operates in the technology and industrial markets where high-specification materials are critical. Its ordinary fully paid shares trade under the ti...
Alpha HPA plans small share placement on ASX
Sep 24, 2026
Alpha HPA Limited has notified the ASX of a proposed issue of ordinary fully paid shares under a placement or similar type of capital raising. The company has lodged the required Appendix 3B information, confirming its intention to seek quotation ...
Alpha HPA Expands High-Purity Alumina Deals as Semiconductor Demand Surges
Sep 23, 2026
Alpha HPA has strengthened its foothold in the semiconductor supply chain by upgrading a previous letter of intent with a South Korean specialty ceramics maker into a memorandum of understanding and commercial framework covering up to 1,700 tonnes...
Vanguard Group Drops Below Substantial Holding Threshold in Alpha HPA
Sep 3, 2026
Investment manager Vanguard Group has notified Alpha HPA Limited that it has ceased to be a substantial shareholder in the company under Australian disclosure rules. Vanguard’s voting power in Alpha HPA has fallen to 4.945%, dropping below t...
Alpha HPA tightens governance with new securities trading policy
Aug 31, 2026
Alpha HPA Limited has issued a securities trading policy that sets out rules for directors, employees and other insiders when dealing in the company’s shares or related securities. The policy addresses insider trading, defines price-sensitiv...
Alpha HPA Details Alignment With ASX Corporate Governance Standards
Aug 30, 2026
Alpha HPA Limited has released a Corporate Governance Statement outlining how its governance practices align with the ASX Corporate Governance Council’s fourth edition Principles and Recommendations. The document includes a compliance table ...
Alpha HPA widens semiconductor foothold as AI demand lifts high‑purity alumina
Aug 17, 2026
Alpha HPA has reported significant progress in marketing for its HPA First Project, where Stage 1 is already in continuous production and Stage 2 is being built as a large-scale high purity aluminium materials facility. The company’s ultra&#...
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.