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Size Alpha HPA (A4N.AX) is an Australia Materials company (Other Metals/Minerals) with a market value of $372M, the 298th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.37 on 6 Nov 2026.
Performance Over six months the shares fell 42.2%, against -35.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 135.3% over the last twelve months (peer median +15.7%); the operating margin is -6,319.6% (peer median 2.8%).
Valuation It trades at 1.31× book value against a peer median of 1.98× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 14.6%; Alpha HPA delivers -13.5%, so the price asks more than the business earns today.
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$747,150 | A$747,150 | A$317,517 | A$44,055 | A$16,148 |
| Revenue growth | — | +135% | +621% | +173% | — |
| Gross profit | -A$39.8M | -A$39.8M | -A$36.2M | n/a | -A$983,564 |
| EBITDA | -A$41.8M | -A$41.8M | -A$39.5M | -A$27.8M | -A$16.7M |
| Net income | -A$42.7M | -A$42.7M | -A$32.6M | -A$25.0M | -A$15.7M |
| Free cash flow | -A$201M | -A$201M | -A$106M | -A$45.6M | -A$25.4M |
| Capital expenditure | A$166M | A$166M | A$85.5M | A$25.3M | A$24.2M |
| Total debt | n/a | A$28.3M | A$881,834 | A$3.47M | A$338,815 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | A4N.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.7% | -15.5% | 3rd lowest of 21 |
| 6-month return | -42.2% | -35.2% | 10th lowest of 21 |
| Return on equity | -13.5% | -4.5% | 9th lowest of 21 |
| Price / book | 1.31× | 1.98× | 7th cheapest of 21 |
| ROE the price implies | 14.6% | 22.6% | 9th least demanding of 21 |
| ROE delivered | -13.5% | -3.9% | 8th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Alpha HPA A4N.AX | Australia | $372M | -42% | +135% | -14% | 1.31× | 14.6% | -13.5% |
| Vulcan Energy Resources VUL.AX | Australia | $370M | -70% | -33% | -18% | 0.47× | 9.5% | -17.9% |
| Lifezone Metals LZM | United States | $378M | -30% | +652% | -17% | 4.24× | 39.2% | n/a |
| Standard Lithium SLI.V | Canada | $365M | -62% | n/a | -15% | 0.97× | 15.9% | -15.5% |
| Tintina Mines TTS.V | Canada | $380M | +219% | n/a | -100% | 173.11× | 2,008.6% | -99.6% |
| Shanxi Huayang New Material 600281.SS | China | $385M | -11% | +10% | -59% | 14.25× | 102.7% | -59.5% |
| Roxmore Resources RM.TO | Canada | $357M | +65% | n/a | -19% | 6.05× | 97.7% | -18.8% |
| First Copper Technology 2009.TW | Taiwan | $355M | -14% | +7% | 5% | 1.34× | 6.9% | 4.7% |
| Trilogy Metals TMQ.TO | Canada | $391M | -50% | n/a | -39% | 3.22× | 29.5% | -39.3% |
| Tianjin Ruixin Technology 300828.SZ | China | $353M | -35% | +22% | 5% | 2.90× | 26.0% | 4.5% |
| Anhui Zhongyuan New Materials 603527.SS | China | $396M | -36% | +59% | 1% | 1.25× | 11.2% | 1.1% |
| AIC Mines A1M.AX | Australia | $349M | -2% | +29% | 13% | 1.46× | 8.1% | 13.3% |
| Northern Dynasty Minerals NDM.TO | Canada | $349M | -69% | n/a | -261% | 42.65× | 198.2% | -261.3% |
| Aclara Resources ARA.TO | Canada | $402M | -50% | n/a | -5% | 1.98× | 12.9% | -5.2% |
| Regulus Resources REG.V | Canada | $402M | +15% | n/a | -4% | 8.32× | 26.3% | -3.8% |
| Boss Energy BOE.AX | Australia | $403M | 0% | +100% | 1% | 1.22× | 12.4% | 0.5% |
| Silver Tiger Metals SLVR.TO | Canada | $344M | -12% | n/a | -4% | 1.97× | 28.7% | -3.9% |
| Solus Advanced Materials 336370.KS | South Korea | $343M | -52% | +1% | -7% | 0.74× | 7.4% | -6.6% |
| People & Technology 137400.KS | South Korea | $408M | -57% | -18% | 12% | 0.76× | 6.5% | 12.3% |
| Western Copper and Gold WRN.TO | Canada | $339M | -48% | n/a | -3% | 1.70× | 19.3% | -2.6% |
| WA1 Resources WA1.AX | Australia | $410M | -51% | n/a | -2% | 2.71× | 49.1% | -2.3% |