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Upturn AI Summary - About
Almonty Industries Inc. Common Shares(ALM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ALM
10/28/2026: ALM (3-star) is currently NOT-A-BUY. Pass it for now.
Almonty Industries is a junior mining company focused on developing tungsten assets, specifically its strategic Sangdong Mine in South Korea. The company’s primary strength lies in its portfolio of high-grade tungsten deposits and its role as a potential non-Chinese supplier in a critical minerals sector. Its investment story centers on the successful commissioning of its key mining projects to drive long-term growth. However, the company faces significant execution and capital-intensity risks, along with exposure to volatile commodity prices. It may best suit risk-tolerant investors looking for exposure to critical minerals, with progress at the Sangdong site being the most important development to monitor.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | This is a speculative growth play contingent on successful mine commissioning. |
| Momentum investor | Weak fit | The stock lacks consistent short-term price momentum characteristic of momentum trading. |
| Value investor | Weak fit | The company's developmental status makes traditional value metrics difficult to apply. |
| Dividend investor | Weak fit | The company does not pay dividends and focuses on reinvesting capital. |
| Low-risk investor | Weak fit | Junior mining assets carry inherent operational and financial risks that exceed low-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Tungsten prices fluctuate based on global industrial demand and Chinese export policies. |
| Valuation risk | Medium / high | Valuations are highly sensitive to assumptions about future production and mineral pricing. |
| Competition risk | High | Competition from large-scale, state-backed producers limits pricing power. |
| Business quality | Medium | The company is transitioning from development to production, which introduces operational risks. |
| Dividend income | Low / none | There is no expectation of dividend income in the foreseeable future. |
| Execution risk | High | Successful mine ramp-up and operational efficiency are critical to the investment thesis. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 424.42% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.71B USD | Price to earnings Ratio 53.11 | 1Y Target Price 23.54 |
Price to earnings Ratio 53.11 | 1Y Target Price 23.54 | ||
Volume (30-day avg) 6.9M shares | Beta 1.4 | 52 Weeks Range 5.43 - 24.41 | Updated Date 10/28/2026 |
52 Weeks Range 5.43 - 24.41 | Updated Date 10/28/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.18 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Tungsten Concentrate Sales | Sale of processed tungsten ore and concentrates to global industrial consumers. | Revenue depends directly on the volume of tungsten mined and the prevailing global market price. |
Earnings Date
Report Date 2026-11-02 | When - | Estimate 0.09 | Actual - |
Profitability
Profit Margin 125.23% | Operating Margin (TTM) 37.51% |
Management Effectiveness
Return on Assets (TTM) 0.28% | Return on Equity (TTM) 38.22% |
Valuation
Trailing PE 53.11 | Forward PE 7.27 | Enterprise Value 2.47B | Price to Sales(TTM) 32.14 |
Enterprise Value 2.47B | Price to Sales(TTM) 32.14 | ||
Enterprise Value to Revenue 38.52 | Enterprise Value to EBITDA 26.26 | Shares Outstanding 283.74M | Shares Floating 218.96M |
Shares Outstanding 283.74M | Shares Floating 218.96M | ||
Percent Insiders 15.08 | Percent Institutions 45.51 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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