Ald.Ax
ALD.AX operates in the oil and gas refining and marketing industry, generating revenue primarily through the processing and sale of petroleum products.
Business. ALD.AX operates in the oil and gas refining and marketing industry, generating revenue primarily through the processing and sale of petroleum products.
Analyst recommendations
8 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
ALD.AX operates in the oil and gas refining and marketing industry, generating revenue primarily through the processing and sale of petroleum products.
The company's capital structure is characterized by a debt-to-equity ratio of 1.39, indicating a moderate reliance on debt financing. Its liquidity position is assessed as medium, with a current ratio of 1.04, suggesting limited short-term liquidity cushion. Free cash flow is negative at -180.6 million AUD, reflecting capital expenditure outpacing operating cash flow.
Profitability metrics show a return on equity of 2.71% and a return on assets of 0.68%, both below the industry median for refining and marketing firms. Operating income of 465 million AUD represents a 1.8% margin, which is in line with the sector average but below the top quartile performers.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segmentation exposes the company to operational and market-specific risks without the benefit of cross-subsidization.
Growth trajectory appears constrained, with no disclosed revenue growth in the most recent fiscal year. Analysts project a mean price target of 37.23 AUD, implying limited upside from the current valuation.
Risk factors include medium liquidity risk due to the current ratio and negative free cash flow. Dilution risk is assessed as low, with no near-term pressure from share issuance or convertible debt. However, the company's net cash position is negative after subtracting total debt, signaling potential refinancing needs.
Recent events include analyst estimates showing a mean recommendation of 2.00, indicating a generally positive outlook. No material filings or transcripts have been disclosed in the last quarter that would suggest significant operational or strategic changes.
- The company maintains a debt-to-equity ratio of 1.39, indicating a moderate debt load.
- Return on equity of 2.71% is below the industry median, suggesting suboptimal capital efficiency.
- Free cash flow is negative, with capital expenditures outpacing operating cash flow.
- Analysts project a mean price target of 37.23 AUD, indicating limited upside potential.
- The company's revenue is concentrated in a single business segment, increasing operational risk.
- "margin_outlook_rationale": "Operating margin of 1.8% is in line with sector average but below top performers, suggesting limited margin expansion potential.",
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,64 |
| Revenue | —no estimate | —no estimate | 36,6B AUD |
| Operating income | —no estimate | —no estimate | 1,6B AUD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
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- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- ALD.AX Market data — financials · 2026-05-27
- Ampol Ltd Market data — analyst estimates · 2026-05-27