Alto Ingredients Inc logo

Alto Ingredients Inc(ALTO)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$3.72
10/27/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for ALTO

10/27/2026: ALTO (1-star) is currently NOT-A-BUY. Pass it for now.

Alto Ingredients, Inc. is a producer of specialty alcohols and essential ingredients that is currently transitioning away from a legacy focus on commodity fuel-grade ethanol. The company’s primary strengths include its diversified product portfolio and a multi-facility footprint designed to capture value in food, pharmaceutical, and animal nutrition sectors. The main investment opportunity lies in successfully scaling high-margin specialty alcohol sales, though this must be weighed against significant risks, including high sensitivity to raw material costs and intense competition from larger agricultural processors. The stock may suit investors willing to accept volatility during this strategic transition, but it is not a traditional dividend play.

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 styleFitWhy
Growth investorMixed fitThe company is in a turnaround and transition phase, making growth metrics inconsistent.
Momentum investorMixed fitMomentum is conditional on clear, sustained breakouts in specialty product margin expansion.
Value investorMixed fitValuation may appear attractive given historical price levels, but fundamental risks remain high.
Dividend investorWeak fitThe company does not pay a dividend and focuses on internal capital reinvestment.
Low-risk investorWeak fitHigh exposure to commodity price volatility creates a high-risk profile.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighFluctuations in corn and energy costs significantly impact margins.
Valuation riskMediumMarket sentiment often swings based on ethanol price cycles rather than specialty chemical performance.
Competition risk (Commodity producers)HighLarge competitors like ADM have significant scale advantages.
Business qualityMediumThe transition to specialty alcohols is ongoing and not yet fully reflected in consistent high margins.
Dividend incomeLow / noneCapital is entirely prioritized for debt reduction and operational improvements.
Execution riskMedium / highSuccessful execution of the specialty chemical strategy is critical to long-term viability.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -79.24%
Avg. Invested days 23
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/27/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ALTO receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
ALTO has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+122.6%) is partially offset by soft cash generation (FCF margin 0.9%), slightly negative revenue growth (-4.9%), soft profitability (net margin 1.5%).

Financial Health Rating

★★★★★
ALTO's financial health is supported by solid cash strength, including free-cash-flow generation (0.9% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is ALTO's strongest growth driver at +159.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+122.6%, strong) is also strong, while revenue growth (-4.9%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 55.5% and approximately 89.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 6.09% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 7.08%
Vanguard Capital Management, LLC 4.14%
Arrowstreet Capital Limited Partnership 2.94%
Acadian Asset Management LLC 2.64%
Geode Capital Management, LLC 2.55%

Unit Economics (Per $1K Revenue)

★★★★★
ALTO generates approximately $29 of gross profit, $8 of operating income, and $9 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -4.88% (Tax Credit)

Quantitative Style Profile

★★★★★
ALTO has a high-quality, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 283.90M USD
Price to earnings Ratio 5.38
1Y Target Price 8.33
Price to earnings Ratio 5.38
1Y Target Price 8.33
Volume (30-day avg) 1.1M shares
Beta 0.15
52 Weeks Range 0.99 - 6.11
Updated Date 10/27/2026
52 Weeks Range 0.99 - 6.11
Updated Date 10/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.68

How Company Makes Money

Business areaWhat it includesRetail investor read
Specialty AlcoholsHigh-purity alcohols for food, beverage, pharma, and personal care.This is the higher-margin segment that defines the company's future growth narrative.
Essential IngredientsYeast and corn-based proteins for animal and pet feed.Provides stable demand and utilizes byproducts from the alcohol production process.
Renewable FuelsStandard ethanol production.A legacy business area that provides scale but is highly sensitive to energy prices.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Earnings Date

Report Date 2026-11-04
When After Market
Estimate 0.07
Actual -

Profitability

Profit Margin 5.51%
Operating Margin (TTM) 3.51%

Management Effectiveness

Return on Assets (TTM) 5.81%
Return on Equity (TTM) 22.23%

Valuation

Trailing PE 5.38
Forward PE 12.87
Enterprise Value 338.61M
Price to Sales(TTM) 0.3
Enterprise Value 338.61M
Price to Sales(TTM) 0.3
Enterprise Value to Revenue 0.36
Enterprise Value to EBITDA 3.93
Shares Outstanding 77.57M
Shares Floating 69.28M
Shares Outstanding 77.57M
Shares Floating 69.28M
Percent Insiders 6.09
Percent Institutions 55.53

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon 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)

Information icon 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)

Information icon 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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