Almonty Industries Inc. (ALM) AI Stock Analysis
ALM AI stock analysis summary
AI ResearchAlmonty Industries Inc. is a basic materials company focused on mining and processing tungsten and tin. Annual revenue grew to $32.5M in FY2025, though the company recorded a net loss of -$161.9M. Growth accelerated recently, with trailing twelve-month revenue reaching $85.8M alongside quarterly revenue growth of 497.7%.
- Market cap
- $2.84B
- Revenue (TTM)
- $85.8M
- P/E
- 54.6x fwd 10.5x
- 1Y return
- 15.5% S&P 500 16.8%
- Avg. target
- $24.33 147.5% vs last close
Bull case
- Trailing twelve-month revenue grew sharply, highlighted by a 497.7% year-over-year revenue increase in the quarter ended June 30, 2026.
- The balance sheet maintains solid liquidity with $1.23B in cash and short-term investments, yielding net cash of $414.1M as of June 30, 2026.
- Analysts maintain 10 Strong Buy ratings with a mean price target of $24.33, implying 147.5% upside over the closing price of $9.83.
Bear case
- Annual results show persistent losses, culminating in a net loss of -$161.9M and a net margin of -498.0% in FY2025.
- Operating cash burn widened to -$19.1M in FY2025, contributing to negative free cash flow of -$80.0M.
- The stock trades at elevated trailing valuation multiples, including a price-to-sales ratio of 33.0x and an EV-to-EBITDA ratio of 40.7x.
What Almonty Industries Inc. does
Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrates, as well as the exploration for tin and tungsten deposits. The company holds 100% interests in projects and mines located in Canada, Korea, Portugal, Spain, and the United States. Headquartered in Dillon, Montana, Almonty Industries had 341 employees and completed its IPO in 2025.
Growth and profitability
Almonty grew annual revenue from $20.8M in FY2021 to $32.5M in FY2025, recording a 5-year revenue CAGR of 10.5%. Over this period, profitability remained negative, with operating margins falling from -24.5% in FY2021 to -86.6% in FY2025, and net income declining to -$161.9M. For the latest quarter ended June 30, 2026, quarterly revenue growth surged 497.7% year-over-year. On a trailing twelve-month basis, revenue reached $85.8M with an operating margin of 37.5%, a profit margin of 125.2%, and diluted earnings per share of $0.18.
Balance sheet and cash flow
As of June 30, 2026, Almonty Industries held $1.23B in cash and short-term investments against $813.1M in total debt, resulting in net cash of $414.1M. Total assets stood at $1.70B compared to shareholders' equity of $551.8M, producing a debt-to-equity ratio of 1.47 and a current ratio of 9.58. In FY2025, operating cash flow was -$19.1M, capital expenditures were $60.8M, and free cash flow stood at -$80.0M.
Valuation and performance
Almonty trades at a trailing price-to-earnings ratio of 54.6x compared to 19.7x for the median of its US-listed Basic Materials peers. Its forward price-to-earnings ratio is 10.5x, below the peer median of 13.4x. The company's price-to-sales multiple is 33.0x versus the peer median of 1.8x, and its EV-to-EBITDA stands at 40.7x compared to the peer median of 10.5x. Over the past year, Almonty shares rose 15.5%, slightly lagging the S&P 500 (SPY) return of 16.8%, but its 5-year gain of 498.5% outpaced the benchmark return of 83.0%.
What analysts expect
Wall Street coverage includes 10 Strong Buy ratings and 1 Hold rating. The mean price target is $24.33, which is 147.5% above the last close of $9.83. For the fiscal year ending December 31, 2026, analysts estimate revenue of $325.0M and EPS of $0.40. For the following fiscal year, 2 analysts project revenue of $970.8M and EPS of $1.69. Almonty has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 2, 2026.
Key risks and what to watch
- The company carries total debt of $813.1M, representing a debt-to-equity ratio of 1.47 as of June 30, 2026.
- Earnings execution has been inconsistent, with the company beating EPS estimates in only 1 of the last 4 quarters.
- Stock price volatility is elevated, reflected by a beta of 1.40 and a price trading 37.9% below its 200-day average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this ALM AI stock analysis
This page is an AI-written research summary of Almonty Industries Inc. (ALM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: ALM income statement, ALM balance sheet, ALM key metrics, ALM analyst forecast, ALM chart. See the ALM stock overview for the latest quote and news.
ALM AI stock analysis FAQ
What does Almonty Industries Inc. do?
Almonty Industries Inc. is an industrial metals and mining company that explores for, mines, processes, and ships tungsten concentrates, alongside tin exploration. It holds 100% interests in projects across Canada, Korea, Portugal, Spain, and the United States.
What is the analyst outlook for ALM stock?
Analysts hold 10 Strong Buy ratings and 1 Hold rating, with a mean price target of $24.33 compared to the last close of $9.83. For the fiscal year ending December 31, 2026, analysts estimate revenue of $325.0M and EPS of $0.40.
How leveraged is Almonty's balance sheet?
As of June 30, 2026, Almonty held $1.23B in cash and short-term investments against $813.1M in total debt, giving it net cash of $414.1M and a current ratio of 9.58.
Does Almonty Industries pay a dividend?
Almonty Industries does not currently pay a dividend.