ALTO
Alto Ingredients, Inc.
ALTO's fundamentals are strong and it looks cheap: trading at 5.8x earnings, below its usual 8.9x. Analysts expect strong earnings growth.
ALTO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ALTO's revenue, profitability, cash flow and balance sheet are all currently healthy.
ALTO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.8x | $3.74 | +0.7% |
| Current | 5.8x | $3.71 | — |
| Forward | 8.3x | $3.71 | — |
| Fair | 8.9x | $5.70 | +54% |
| Expensive | 14x | $9.00 | +142% |
Historical ranges are pointers, not guarantees.
ALTO's PE is in its cheap range at 5.8x. On analysts' estimates for next year's earnings, today's price would be 8.3x, in its fair range.
ALTO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ALTO, with profitability improving.
ALTO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.44 | -30% |
| Q3 2026 | $0.64 | +$1.32 |
| Q2 2026 | $0.67 | +$1.58 |
| Q1 2026 | $0.37 | +$1.18 |
| Q4 2025 | $0.16 | +$0.98 |
| Q3 2025 | -$0.68 | -$0.15 |
| Q2 2025 | -$0.91 | -$0.37 |
| Q1 2025 | -$0.81 | -$0.42 |
| Q4 2024 | -$0.82 | -$0.42 |
ALTO has returned to profit: it earned $0.64 per share over the past year, after losing money the year before.
ALTO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $257.9M | +7% |
| Q2 2026 | $245.7M | +12% |
| Q1 2026 | $224.7M | -0.8% |
| Q4 2025 | $232M | -1.9% |
| Q3 2025 | $241M | -4.3% |
| Q2 2025 | $218.4M | -7.6% |
| Q1 2025 | $226.5M | -5.9% |
| Q4 2024 | $236.3M | -14% |
ALTO's revenue is recovering but still below its 2021 peak: $258M last quarter, up 7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | -4.3 points |
| Q2 2026 | 3.5% | +7.2 points |
| Q1 2026 | 1.1% | +5.1 points |
| Q4 2025 | 3.2% | +20 points |
| Q3 2025 | 7% | +7.3 points |
| Q2 2025 | -3.7% | -3.1 points |
| Q1 2025 | -4% | +0.3 points |
| Q4 2024 | -17% | -10 points |
ALTO's operating margin was 2.7% last quarter, down 4.3 points from the same quarter a year ago.
ALTO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $8.5M | -60% |
| Q2 2026 | $17.9M | +$19.2M |
| Q1 2026 | $3.3M | +$22.1M |
| Q4 2025 | $7.6M | +$18.7M |
| Q3 2025 | $21.2M | +17% |
| Q2 2025 | -$1.3M | +$17.1M |
| Q1 2025 | -$18.8M | -$15.5M |
| Q4 2024 | -$11.1M | -261% |
ALTO's free cash flow has turned positive after three years mostly in the red: $37M over the past year.
ALTO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +525K shares |
| 1 year | +3.8% | +2.8M shares |
| 3 years | +6% | +4.4M shares |
ALTO has 78M diluted shares, up 3.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | $991,000 |
| Q3 2023 | — |
| Q2 2023 | $1M |
| Q1 2023 | $1.7M |
| Q4 2022 | $323,000 |
ALTO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.7x | Healthy |
| Q1 2024 | 282.3x | High |
| Q3 2022 | 0.5x | Very low |
| Q2 2022 | -0.1x | Net Cash |
| Q1 2022 | 0.3x | Very low |
ALTO's net debt is less than a year of its operating earnings (EBITDA), down from more than 20 years a year ago.
ALTO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.6 | Neutral |
| Stochastic | 19.6 | Oversold |
ALTO's weekly RSI is 44 (neutral) and its Stochastic is 20 (oversold).
ALTO PE vs Basic Materials Sector
| Metric | ALTO | Sector median | Relative |
|---|---|---|---|
| PE | 5.8x | 19x | 69% below |
| PE % | 14 | 40 | 26 pts below |
ALTO is trading at 5.8x earnings, a 69% discount to the Basic Materials sector's median of 19x.
ALTO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.67 | 1.1% above |
| 20 week MA | $4.24 | 13% below |
| 50 week MA | $4.05 | 8.4% below |
| 100 week MA | $2.66 | 39% above |
| 200 week MA | $2.49 | 49% above |
ALTO's trend is mixed: it's above three of its five weekly moving averages, and 49% above its 200-week average.
ALTO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $0.77 | $6.01 | +681% |
| 2021 | $6.01 | $4.86 | -19% |
| 2022 | $4.86 | $2.91 | -40% |
| 2023 | $2.91 | $2.66 | -8.6% |
| 2024 | $2.66 | $1.68 | -37% |
| 2025 | $1.68 | $3.03 | +80% |
| 2026 YTD | $3.03 | $3.71 | +22% |
ALTO's yearly returns have swung widely, from +681% in 2020 to −40% in 2022. It's up 22% so far in 2026.