# Almonty Industries Inc. (AII.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$15.51, market value C$4.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Almonty Industries Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 88.0×**. Each dollar of revenue is priced at 88.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 12.3×**. The shares trade at 12.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -1.9%** (5-yr avg -10.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 29.3%**. Almonty Industries Inc. keeps 29.3% of revenue after the direct cost of what it sells.
- **Operating margin: -47.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -498.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -45.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -9.2%**. Return on all capital, debt included, is -9.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -22.5%**. Each dollar of assets produces -22.5% of profit.

## Growth
- **Revenue growth (1 yr): 12.8%** (3-yr 9.5%/yr, 5-yr 5.3%/yr). Revenue grew 12.8% over the last year, against 5.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -1115.0%**. Earnings per share fell 1115.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.45**. Debt is 0.45 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.9×**. It would take 0.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -7.1×**. Operating profit covers interest only -7.1×: fragile.
- **Current ratio: 3.89** (quick 3.76). Current assets cover the next year's liabilities 3.89 times.
- **Altman Z-score: 12.56**. A Z-score of 12.56 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Almonty Industries Inc. does not currently pay a dividend, but it returned -7.3% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -53.5%** (183.0% above the low). Trading 53% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 3.28** (volatility 95%). Beta of 3.28 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AII.TO · Page: https://foliofundamentals.com/stocks/aii.to

Not investment advice.