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Alpha HPA Limited
(Sydney:A4N)
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Rating:51Neutral
Price Target:
AU$0.65
▲(20.00% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily constrained by weak financial performance—ongoing losses and worsening free cash flow in 2026 point to continued funding dependence despite low leverage. Technical indicators are supportive in the near term (positive MACD and price above short-term averages), but longer-term trend remains mixed. Valuation is also limited by the company being loss-making (negative P/E) and no dividend yield provided.
Positive Factors
Revenue Growth
Strong top-line growth indicates that Alpha HPA is progressing commercially and gaining traction for its products. Although the base remains small, continued expansion can improve operating leverage and support a more viable business model if production and costs scale effectively.
Negative Factors
Persistent Losses
Persistent losses show that revenue growth has not yet translated into a commercially sustainable earnings model. Deeply negative margins limit internally generated funding, reduce resilience during execution challenges, and leave profitability dependent on achieving meaningful production scale and cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong top-line growth indicates that Alpha HPA is progressing commercially and gaining traction for its products. Although the base remains small, continued expansion can improve operating leverage and support a more viable business model if production and costs scale effectively.
Read all positive factors
Alpha HPA Limited (A4N) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$936.47M
Dividend YieldN/A
Average Volume (3M)10.23M
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue Growth135.31%
EPS Growth-19.58%
CountryAU
Employees65
SectorBasic Materials
Sector Strength58
IndustryAluminum
Share Statistics
EPS (TTM)-0.03
Shares Outstanding1,451,896,400
10 Day Avg. Volume12,229,956
30 Day Avg. Volume10,229,408
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$1.07Price Target Upside98.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.04
Revenue Forecast (FY)AU$3.67M
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 | 88.65M | 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
Positive
0.54
Price Trends
0.56
Positive
0.63
Positive
0.66
Negative
Market Momentum
0.02
Negative
66.04
Neutral
83.87
Negative
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 0.54 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.56, and below the 200-day MA of 0.66, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 66.04 is Neutral, neither overbought nor oversold. The STOCH value of 83.87 is Negative, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$936.47M | -18.86 | -13.83% | ― | 135.31% | -19.58% | |
50 Neutral | AU$519.69M | -45.56 | -4.22% | ― | ― | 56.94% | |
46 Neutral | AU$255.41M | -0.88 | -30.65% | ― | 6.78% | 32.51% | |
46 Neutral | AU$153.28M | -5.28 | -54.77% | ― | -4.13% | 5.02% | |
43 Neutral | AU$140.77M | -38.61 | -8.00% | ― | ― | 19.81% | |
43 Neutral | AU$326.99M | -10.64 | -10.21% | 11.67% | 294.23% | 37.64% |
* Basic Materials Sector Average
AU:A4N
Alpha HPA Limited
0.62
-0.26
-29.71%
AU:SYR
Syrah Resources
0.11
-0.14
-56.61%
AU:EGR
EcoGraf
0.33
0.00
0.00%
AU:TLG
Talga Group
0.30
-0.17
-35.48%
AU:GLN
Galan Lithium Limited
0.40
0.25
163.33%
AU:ASM
Australian Strategic Materials Ltd
1.17
0.63
116.67%
Alpha HPA Limited Corporate Events
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&#...
Alpha HPA advances Gladstone expansion as semiconductor-driven demand surges
Jul 21, 2026
Alpha HPA reported strong progress on construction of Stage 2 of its HPA First project in Gladstone during the June quarter, with civil works advancing, major equipment delivered and installed, and key structural, mechanical and piping tenders iss...
Alpha HPA Reports Lapse of 220,000 Performance Rights
Jun 30, 2026
Alpha HPA Limited, an ASX‑listed advanced materials company, specialises in high‑purity alumina products that support high‑technology and industrial markets. The group uses performance‑linked securities as part of its capit...
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...
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.