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← CockpitCompetitor Analysis › A4N.AX Alpha HPA LimitedOpen in the cockpit ↗

Alpha HPA LimitedA4N.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Other Metals/Minerals
Momentum laggard 9
Mkt cap
$372M
US dollars, full cap
Free float
77%
of shares outstanding
$/day
$3.49M
20-day average traded
P/B
1.31×
price to book
ROE
-13.5%
delivered
Implied ROE
14.6%
what the price asks
Next earnings
117 days
3 Mar 2027
Close · AUDA$0.37
1D-9.8%
1W-10.8%
1M-32.7%
3M-26.7%
6M-42.2%
YTD-52.3%
1Y-50.7%
ATR %12.9%
52w lowhigh60.4% off high

What Alpha HPA does

No business profile yet.

Alpha HPA at a glance

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).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026Peer median 63A4N.AX 55
Six months, rebased to 100: Alpha HPA against the median of its 20 peers (local-currency closes).

Alpha HPA financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$747,150A$747,150A$317,517A$44,055A$16,148
Revenue growth—+135%+621%+173%—
Gross profit-A$39.8M-A$39.8M-A$36.2Mn/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 expenditureA$166MA$166MA$85.5MA$25.3MA$24.2M
Total debtn/aA$28.3MA$881,834A$3.47MA$338,815

Quarterly statements and history in the cockpit →

Alpha HPA competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%+20%VULLZMSLITTS600281RM2009TMQ300828603527A1MNDMARAREGBOESLVR336370WA1A4N.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Alpha HPA is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%00×200×400×VULLZMSLITTS600281RM2009TMQ300828NDMREG137400A4N.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Alpha HPA is the large dot.

Capital: ROE delivered against the ROE the price implies

0%500%1,000%1,500%2,000%0%1,000%2,000%VULSLITTS600281NDMA4N.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Alpha HPA is the large dot.

Alpha HPA competitors and peer comparison

How Alpha HPA compares with its peers

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.

Alpha HPA against its 20 peers (data as of 6 Nov 2026)
MeasureA4N.AXPeer medianRank 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 / book1.31×1.98×7th cheapest of 21
ROE the price implies14.6%22.6%9th least demanding of 21
ROE delivered-13.5%-3.9%8th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Alpha HPA A4N.AXAustralia$372M-42%+135%-14%1.31×14.6%-13.5%
Vulcan Energy Resources VUL.AXAustralia$370M-70%-33%-18%0.47×9.5%-17.9%
Lifezone Metals LZMUnited States$378M-30%+652%-17%4.24×39.2%n/a
Standard Lithium SLI.VCanada$365M-62%n/a-15%0.97×15.9%-15.5%
Tintina Mines TTS.VCanada$380M+219%n/a-100%173.11×2,008.6%-99.6%
Shanxi Huayang New Material 600281.SSChina$385M-11%+10%-59%14.25×102.7%-59.5%
Roxmore Resources RM.TOCanada$357M+65%n/a-19%6.05×97.7%-18.8%
First Copper Technology 2009.TWTaiwan$355M-14%+7%5%1.34×6.9%4.7%
Trilogy Metals TMQ.TOCanada$391M-50%n/a-39%3.22×29.5%-39.3%
Tianjin Ruixin Technology 300828.SZChina$353M-35%+22%5%2.90×26.0%4.5%
Anhui Zhongyuan New Materials 603527.SSChina$396M-36%+59%1%1.25×11.2%1.1%
AIC Mines A1M.AXAustralia$349M-2%+29%13%1.46×8.1%13.3%
Northern Dynasty Minerals NDM.TOCanada$349M-69%n/a-261%42.65×198.2%-261.3%
Aclara Resources ARA.TOCanada$402M-50%n/a-5%1.98×12.9%-5.2%
Regulus Resources REG.VCanada$402M+15%n/a-4%8.32×26.3%-3.8%
Boss Energy BOE.AXAustralia$403M0%+100%1%1.22×12.4%0.5%
Silver Tiger Metals SLVR.TOCanada$344M-12%n/a-4%1.97×28.7%-3.9%
Solus Advanced Materials 336370.KSSouth Korea$343M-52%+1%-7%0.74×7.4%-6.6%
People & Technology 137400.KSSouth Korea$408M-57%-18%12%0.76×6.5%12.3%
Western Copper and Gold WRN.TOCanada$339M-48%n/a-3%1.70×19.3%-2.6%
WA1 Resources WA1.AXAustralia$410M-51%n/a-2%2.71×49.1%-2.3%

Questions

Which companies are Alpha HPA's closest peers?
The cockpit's peer set: Vulcan Energy Resources (VUL.AX), Lifezone Metals (LZM), Standard Lithium (SLI.V), Tintina Mines (TTS.V), Shanxi Huayang New Material (600281.SS), Roxmore Resources (RM.TO), First Copper Technology (2009.TW), Trilogy Metals (TMQ.TO).
Is Alpha HPA expensive compared with its peers?
On price / book it trades at 1.31× against a peer median of 1.98×, 7th cheapest of 21 in its peer set. 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.
How has Alpha HPA stock performed?
Over six months to 6 Nov 2026 the shares returned -42.2% against -35.2% for the median peer; over one year -50.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.