Alto Ingredients (FPR) Stock Price & Analysis
FPR Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- CHF 233.52M
- Enterprise Value
- CHF 498.28M
- Total Cash (Recent Filing)
- CHF 23.96M
- Total Debt (Recent Filing)
- CHF 82.94M
- Price to Earnings (P/E)
- 5.3
- Beta
- 0.02
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- 0.08
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Profitability And Cash-flow Turnaround
The return to positive earnings and strong operating cash flow improves Alto’s ability to fund operations, reduce debt and invest in targeted projects. Free cash flow covering much of net income also supports the quality of the current recovery, although continued execution remains important.
Capacity Expansion And 45Z Credit Growth
Additional Pekin capacity should increase productive potential, while qualified gallons and 45Z monetization provide another earnings lever beyond ordinary ethanol sales. Together, these initiatives can improve scale and support cash generation over the next several quarters if ramp-up and credit execution proceed as planned.
Improving Balance-sheet Flexibility
Lower relative leverage and improved returns give Alto more financial flexibility than in 2024, when debt-to-equity was higher. A healthier capital structure can support debt repayment and selective investment, helping the company absorb cyclical conditions while profitability remains positive.
Bears Say
Cyclical And Volatile Earnings
The recent recovery has not yet demonstrated a consistently stable earnings base. Because profitability depends on ethanol pricing, input costs and crush spreads, adverse operating economics could quickly reduce margins and weaken the cash available for debt reduction or growth investment.
Historically Inconsistent Cash Conversion
Current cash generation is strong, but the history of negative operating and free cash flow shows that earnings may not convert reliably across the cycle. Moderate revenue-to-cash conversion also limits confidence that every period of reported profitability will translate into funds available for reinvestment.
Dependence On 45Z Execution
The planned 45Z contribution depends on qualification, monetization and the successful realization of lower-carbon-intensity initiatives. Remaining clarification and commercialization steps create execution and timing risk, so expected credit income may arrive later or differ from management’s target.
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Alto Ingredients Stock Smart Score
Company Description
Alto Ingredients
Alto Ingredients, Inc., operating within the United States, specializes in the production and commercialization of both specialty alcohols and various essential ingredients. Its operations are structured into three distinct segments: Marketing and Distribution, Pekin Production, and Other Production. The company's diverse product portfolio includes a range of specialty alcohols, which find applications across the health, home, and beauty sectors. These alcohols are key components in products such as mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and various cleaning solutions. Additionally, Alto Ingredients supplies grain neutral spirits, vital for alcoholic beverages, flavor extracts, and vinegar production. It also provides corn germ for corn oil manufacturing and carbon dioxide, primarily serving the food and beverage industries. Its essential ingredients segment encompasses a variety of products critical for commercial animal feed and pet food formulations, including dried yeast, corn gluten meal, corn gluten feed, distillers grains, and liquid feed. Furthermore, the company is a supplier of fuel-grade ethanol, primarily utilized as a transportation fuel, and distillers corn oil, which serves as a feedstock for biodiesel production. Notably, some of the fuel-grade ethanol it offers is sourced from third-party producers. Beyond manufacturing, Alto Ingredients facilitates transportation, storage, and delivery services for its products, leveraging a network of third-party service providers. Its diverse customer base includes integrated oil companies and gasoline marketers for its ethanol products; dairies and feedlots for essential ingredient feedstuffs; and poultry and biodiesel manufacturers for its corn oil. The company boasts five alcohol production facilities: three strategically located in the Midwestern state of Illinois, and two further west in Oregon and Idaho. Headquartered in Pekin, Illinois, Alto Ingredients, Inc. was established in 2003. The company underwent a significant rebranding in January 2021, changing its name from its former identity, Pacific Ethanol, Inc.
- Sector
- Basicmaterials
- Industry
- Chemicals - Specialty
- CEO
- Bryon T. McGregor
- Employees
- 390
- Website
- www.altoingredients.com
- Address
- 1300 South Second Street, Pekin, IL, 61554, US
Alto Ingredients (FPR) Earnings & Revenues
FPR Company Deck
FPR Earnings Call
Earnings Call SentimentPositive
The call presents a decidedly positive operating and financial narrative: strong YoY revenue growth, materially improved crush margins, a return to net income and positive adjusted EBITDA, significant operating cash flow, targeted capacity expansions (Pekin debottlenecking, Columbia CO2 tank) and active monetization plans for 45Z tax credits. Headwinds are present but manageable — primarily export volume impacts from geopolitical shipping disruptions, ~$2 million of outage and maintenance expense, unrealized derivative mark-to-market headwinds and timing/execution risks around realizing additional low carbon intensity benefits. On balance, the company demonstrated improved profitability, disciplined capital allocation (debt paydown and targeted CapEx), and multiple levers to drive future upside.
View all CH:FPR earnings summaries