Als Ltd (ALQ) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Als Ltd stock A$11.18, price A$20.80, that is 46.3% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range A$9.04 – A$25.77 · fair‑value band A$5.47 – A$14.76 · the A$20.80 price screens above the A$11.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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ALS Limited engages in the provision of professional technical services and analytical services primarily in the areas of testing, measurement, and inspection in Africa, Asia Pacific, Europe, the Middle East, North Africa, and the United States.
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It operates in two segments: Commodities and Life Sciences. The Commodities segment offers assaying and analytical testing, and metallurgical services for mining and mineral exploration companies.
Its testing and consulting services cover the resource life cycle, including exploration, feasibility, optimization, production, design, development, trade, and rehabilitation.
This segment also provides the coal industry, such as sampling, analysis and certification, formation evaluation services, tribology testing services, and related analytical testing.
The Life Sciences segment offers analytical testing and sampling, and remote monitoring services for the environmental, food, pharmaceutical, and consumer products markets; and microbiological, physical, and chemical testing services.
This segment provides analytical testing data to assist consulting and engineering firms, industries, and governments. ALS Limited was founded in 1863 and is headquartered in Brisbane, Australia.
Stock analysis
Als Ltd (ALQ) currently trades at A$20.80, while our model-based Fair Value estimate is A$11.18, 46% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of A$11.93 per share, and 0 of the 26 models we run sit above the A$20.80 price.
Bear case: the Dividend Discount group reads lowest at A$5.89, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$5.47 (bear) to A$14.76 (bull), the price of A$20.80 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Als Ltd reported revenue of A$3.3B in FY2026 versus A$2.0B in FY2022, a compound +14.2%/yr. Reported net income was A$319M in FY2026, compounding +13.7%/yr from FY2022.
Key figures
Market cap A$10.5B (≈ $7.3B) Mid · P/E ratio 33.0 · P/S ratio 3.17 · EPS (TTM) A$0.6300 · Dividend yield 1.9% · Net margin 9.6% · Return on equity 21.5% · Return on assets (EBIT) 13.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at −46%, ALQ screens richer than that median.
Fair Value models
BearA$5.47Fair Value A$11.18BullA$14.76
Price A$20.80 · Downside -46.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (A$0.1460 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.5%
Start year 2021 (pandemic). Over 10 years: +9.3% a year
Revenue growth 37 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+14.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.4%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12.4% vs 14.6%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 18%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +23.9% a year for the price and +3.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (61 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: ALS draws strength from lab testing across cyclical minerals exploration and steadier life sciences compliance, yet high leverage near equity value and thin moat signals limit business quality.
Main risk: A slowdown in minerals exploration volumes would cut demand for geochemistry testing and reduce revenues across the cyclical segment.
ALS earns from lab testing across cyclical minerals exploration and steadier life sciences compliance work. FY26 showed strong geochemistry gains from higher volumes and pricing, yet environmental testing saw softer conditions in parts of the Americas. Our models see the stock as overvalued. Will the resources upswing keep driving results more than the steadier segments deliver consistent growth?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Consulting Services · 74 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−46.3% · Bottom 25%
Profitability
Return on equity (12 months)21.5% · Top 25%
Return on assets8.0% · Above median
Net margin (12 months)9.6% · Above median
Operating margin (12 months)17.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.2% · Above median
Dividend yield (12 months)1.9% · Bottom 25%
Balance sheet
Debt / equity0.70× · Highest 25%
Valuation Multiplesvs Consulting Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Als Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ALQ
Frequently asked questions
Is Als Ltd (ALQ) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of A$11.18 versus a price of A$20.80, about 46% lower (overvalued).
What is the fair value of ALQ?
Our model-based fair value for Als Ltd is A$11.18 (as of Nov 8, 2026), built from audited fundamentals. The current price: A$20.80.
What is the quality score of ALQ?
Als Ltd has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Als Ltd (ALQ)?
Our model-based price target is the fair value of A$11.18 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario A$5.47, optimistic scenario A$14.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Als Ltd stock forecast for 2026?
Our models put fair value at A$11.18, about 46% lower versus a price of A$20.80 (overvalued). Cautious scenario A$5.47, optimistic scenario A$14.76. The calculation is refreshed regularly with new filings.
What is the revenue of Als Ltd (ALQ)?
Als Ltd reported trailing-twelve-month revenue of about A$3.3B (latest available figure, as of Nov 8, 2026).
Does Als Ltd pay a dividend?
Als Ltd currently shows a dividend yield of 1.88% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Als Ltd (ALQ) and when is the ex-dividend date?
Als Ltd pays a dividend of A$0.391 per share a year, a dividend yield of 1.9%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since at least 1993. The payout ratio is 62.1% of earnings. Free cash flow covers the dividend 1.17 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Als Ltd (ALQ)?
For today's price to be fair in a discounted-cash-flow model, Als Ltd would have to grow free cash flow by +27.5 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ALQ use?
Our models discount Als Ltd at 9.9 %: a base by market capitalisation (mid), damped by beta 1.16, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Als Ltd that is +27.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has Als Ltd (ALQ) delivered so far?
Over the past 5 years revenue at Als Ltd grew +13.5 % a year. The price currently implies free-cash-flow growth of +27.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Als Ltd (ALQ) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Als Ltd (+27.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Als Ltd (ALQ)?
The free-cash-flow yield on the price is 2.20 %: that much free cash flow Als Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Als Ltd (ALQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Als Ltd it is A$11.18 per share (as of Nov 8, 2026), against a price of A$20.80. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Als Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ALQ trades above its calculated fair value: price A$20.80, fair value A$11.18, a gap of about −46% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ALQ?
No. The price is what the market pays today (A$20.80); the fair value is what the company's own numbers justify (A$11.18). For Als Ltd the two are A$9.62 per share apart. That gap is exactly why we show both numbers side by side.
How much is Als Ltd worth?
The market values Als Ltd at about A$10.5B (market capitalisation, as of Nov 8, 2026). Per share that is A$20.80; our models calculate a fair value of A$11.18 per share.
What do the bullish and bearish scenarios say about ALQ?
Our models span a range for Als Ltd: cautious scenario A$5.47, base A$11.18, optimistic A$14.76 per share (as of Nov 8, 2026, price A$20.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALQ?
Als Ltd trades at a price-to-earnings ratio of 33.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$11.18 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 31.2. Other multiples: PEG 2.4, P/B 6.2, P/S 3.2, EV/EBITDA 16.4.
What is the PEG ratio of ALQ?
The PEG ratio of Als Ltd is 2.43 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Als Ltd (ALQ)?
Balance-sheet figures for Als Ltd (as of Nov 8, 2026): return on equity 21.5%, debt of 0.70 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is ALQ from its 52-week high?
Als Ltd trades at A$20.80, about 19% below its 52-week high of A$25.77 and 9% above the low of A$19.08 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$11.18 is for.
Which stocks are comparable to Als Ltd?
From the same area (Industrials) we also value Verisk Analytics, Inc, SGS SA, Equifax Inc, Bureau Veritas SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Als Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price A$20.80, calculated fair value A$11.18 (−46%), Quality Score 58/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ALQ calculated?
We run Als Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$11.18 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Als Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Als Ltd (ALQ)?
The closing price on Nov 9, 2026 was A$20.80. Our model-based fair value is A$11.18, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Als Ltd right now?
The price sits above even our optimistic bull case (A$14.76). The favourable scenario is already priced in. The model range is unusually wide (A$5.47 to A$14.76). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Als Ltd
How large is the market capitalisation of Als Ltd (ALQ)?
The market capitalisation of Als Ltd is A$10.5B (≈ $7.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Als Ltd (ALQ)?
The price-to-sales ratio of Als Ltd is 3.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Als Ltd (ALQ)?
Earnings per share at Als Ltd are A$0.6300 (price ÷ EPS = P/E 33.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Als Ltd (ALQ)?
The dividend yield of Als Ltd is 1.9% (payout 62.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Als Ltd (ALQ)?
The net margin of Als Ltd is 9.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Als Ltd (ALQ)?
The return on equity (ROE) of Als Ltd is 21.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Als Ltd (ALQ)?
On an EBIT basis the return on assets of Als Ltd is 13.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Als Ltd (ALQ)?
The operating margin of Als Ltd is 17.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Als Ltd (ALQ)?
Revenue at Als Ltd is growing +8.2% versus a year earlier (3y avg +13.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Als Ltd (ALQ)?
Earnings per share at Als Ltd are growing +31.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Als Ltd (ALQ) carry?
The net debt of Als Ltd is A$1.4B (fiscal year 2026, ≈ 6.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026