(ALTO) Alto Ingredients - Overview

Sector: Basic Materials | Industry: Specialty Chemicals | Exchange: NASDAQ (USA) | Market Cap: 362m USD | Total Return: 410.9% in 12m

Specialty Alcohols, Renewable Fuel, Animal Feed, Corn Oil
Total Rating 49
Safety 40
Buy Signal 0.90
Specialty Chemicals
Industry Rotation: -2.6
Market Cap: 362M
Avg Turnover: 8.70M
Risk 3d forecast
Volatility74.3%
VaR 5th Pctl10.4%
VaR vs Median-19.6%
Reward TTM
Sharpe Ratio2.11
Rel. Str. IBD98.9
Rel. Str. Peer Group97.2
Character TTM
Beta0.673
Beta Downside0.188
Hurst Exponent0.606
Drawdowns 3y
Max DD84.15%
CAGR/Max DD0.38
CAGR/Mean DD0.61
EPS (Earnings per Share) EPS (Earnings per Share) of ALTO over the last years for every Quarter: "2021-03": 0.06, "2021-06": 0.08, "2021-09": -0.13, "2021-12": 0.43, "2022-03": -0.03, "2022-06": 0.31, "2022-09": -0.38, "2022-12": -0.46, "2023-03": -0.17, "2023-06": 0.11, "2023-09": -0.08, "2023-12": -0.26, "2024-03": -0.2, "2024-06": -0.19, "2024-09": 0.06, "2024-12": -0.2311, "2025-03": -0.19, "2025-06": -0.13, "2025-09": 0.16, "2025-12": 0.1586, "2026-03": -0.1,
Last SUE: -0.55
Qual. Beats: 0
Revenue Revenue of ALTO over the last years for every Quarter: 2021-03: 218.734, 2021-06: 298.11, 2021-09: 305.556, 2021-12: 385.492, 2022-03: 308.118, 2022-06: 362.189, 2022-09: 336.877, 2022-12: 328.437, 2023-03: 313.891, 2023-06: 317.297, 2023-09: 318.127, 2023-12: 273.625, 2024-03: 240.629, 2024-06: 236.468, 2024-09: 251.814, 2024-12: 236.347, 2025-03: 226.54, 2025-06: 218.436, 2025-09: 240.986, 2025-12: 231.965, 2026-03: 224.68,
Rev. CAGR: -13.30%
Rev. Trend: -95.2%
Last SUE: 0.76
Qual. Beats: 0

Warnings

Altman Z'' -10.63 < 1.0 - financial distress zone

Below Avwap Earnings

Tailwinds

Leader, Tailwind

Description: ALTO Alto Ingredients

Alto Ingredients, Inc. produces and distributes specialty alcohols, renewable fuels, and essential ingredients across three primary segments: Marketing and Distribution, Pekin Campus Production, and Western Production. The company supplies high-purity alcohols for the health, beauty, and industrial sectors, alongside food-grade spirits and ingredients for animal feed and pet food applications. Additionally, Alto produces fuel-grade ethanol and corn oil used as feedstocks for renewable diesel and biodiesel.

The specialty alcohol sector typically commands higher margins than fuel-grade ethanol due to stringent purity requirements for pharmaceutical and beverage applications. By diversifying into co-products like dried yeast and liquid CO2, the company utilizes more of the corn kernel to mitigate the volatility of commodity input costs. Investors may find it useful to review ValueRay for further data on these market segments.

Formerly known as Pacific Ethanol, the firm rebranded in 2021 to reflect its shift toward higher-value specialty ingredients. It operates production facilities in the Midwest and Western United States, utilizing third-party logistics to manage the storage and delivery of its chemical and agricultural products to integrated oil companies, gasoline marketers, and commercial feedlots.

Headlines to Watch Out For
  • Corn price volatility directly impacts production margins and overall gross profitability
  • Specialty alcohol demand in health and beauty markets drives higher-margin revenue
  • Ethanol crack spreads and fuel-grade pricing dictate core renewable fuel earnings
  • Carbon capture and sequestration projects influence long-term valuation and federal subsidies
  • Feedstock demand for renewable diesel increases value of distillers corn oil sales
Piotroski VR-10 (Strict) 3.5
Net Income: 29.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 15.44 > 1.0
NWC/Revenue: 12.76% < 20% (prev 10.55%; Δ 2.21% < -1%)
CFO/TA 0.09 > 3% & CFO 35.7m > Net Income 29.3m
Net Debt (88.9m) to EBITDA (47.5m): 1.87 < 3
Current Ratio: 3.81 > 1.5 & < 3
Outstanding Shares: last quarter (76.6m) vs 12m ago 3.80% < -2%
Gross Margin: 4.04% > 18% (prev 0.01%; Δ 403.2% > 0.5%)
Asset Turnover: 232.4% > 50% (prev 236.5%; Δ -4.13% > 0%)
Interest Coverage Ratio: 2.17 > 6 (EBITDA TTM 47.5m / Interest Expense TTM 10.2m)
Altman Z'' -10.63
A: 0.30 (Total Current Assets 158.6m - Total Current Liabilities 41.7m) / Total Assets 386.3m
B: -2.09 (Retained Earnings -808.1m / Total Assets 386.3m)
C: 0.06 (EBIT TTM 22.2m / Avg Total Assets 394.3m)
D: -5.88 (Book Value of Equity -802.6m / Total Liabilities 136.4m)
Altman-Z'' = -10.63 = D
Beneish M -3.69
DSRI: 0.95 (Receivables 59.7m/65.5m, Revenue 916.1m/951.2m)
GMI: 0.31 (GM 4.04% / 1.27%)
AQI: 1.08 (AQ_t 0.04 / AQ_t-1 0.04)
SGI: 0.96 (Revenue 916.1m / 951.2m)
TATA: -0.02 (NI 29.3m - CFO 35.7m) / TA 386.3m)
Beneish M = -3.69 (Cap -4..+1) = AAA
What is the price of ALTO shares?

As of May 24, 2026, the stock is trading at USD 4.70 with a total of 1,346,824 shares traded.
Over the past week, the price has changed by +0.64%, over one month by -9.09%, over three months by +97.48% and over the past year by +410.87%.

Is ALTO a buy, sell or hold?

Alto Ingredients has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy ALTO.

  • StrongBuy: 1
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the ALTO price?
Analysts Target Price 9 91.5%
Alto Ingredients (ALTO) - Fundamental Data Overview as of 24 May 2026
P/E Trailing = 12.6216
P/E Forward = 8.244
P/S = 0.395
P/B = 1.38
P/EG = 0.7993
Revenue TTM = 916.1m USD
EBIT TTM = 22.2m USD
EBITDA TTM = 47.5m USD
Long Term Debt = 63.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 4.97m USD (from shortTermDebt, last quarter)
Debt = 109.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 18.0m
Net Debt = 88.9m USD (calculated: Debt 109.2m - CCE 20.3m)
Enterprise Value = 450.8m USD (361.9m + Debt 109.2m - CCE 20.3m)
Interest Coverage Ratio = 2.17 (Ebit TTM 22.2m / Interest Expense TTM 10.2m)
EV/FCF = 14.68x (Enterprise Value 450.8m / FCF TTM 30.7m)
FCF Yield = 6.81% (FCF TTM 30.7m / Enterprise Value 450.8m)
FCF Margin = 3.35% (FCF TTM 30.7m / Revenue TTM 916.1m)
Net Margin = 3.20% (Net Income TTM 29.3m / Revenue TTM 916.1m)
Gross Margin = 4.04% ((Revenue TTM 916.1m - Cost of Revenue TTM 879.0m) / Revenue TTM)
Gross Margin QoQ = 7.85% (prev -4.55%)
Tobins Q-Ratio = 1.17 (Enterprise Value 450.8m / Total Assets 386.3m)
Interest Expense / Debt = 9.37% (Interest Expense 10.2m / Debt 109.2m)
Taxrate = 7.31% (312k / 4.27m)
NOPAT = 20.6m (EBIT 22.2m * (1 - 7.31%))
Current Ratio = 3.81 (Total Current Assets 158.6m / Total Current Liabilities 41.7m)
Debt / Equity = 0.44 (Debt 109.2m / totalStockholderEquity, last quarter 249.9m)
Debt / EBITDA = 1.87 (Net Debt 88.9m / EBITDA 47.5m)
Debt / FCF = 2.90 (Net Debt 88.9m / FCF TTM 30.7m)
Total Stockholder Equity = 231.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.43% (Net Income 29.3m / Total Assets 386.3m)
RoE = 2.82% (Net Income TTM 29.3m / Total Stockholder Equity 1.04b)
RoCE = 2.01% (EBIT 22.2m / Capital Employed (Equity 1.04b + L.T.Debt 63.0m))
RoIC = 5.88% (NOPAT 20.6m / Invested Capital 349.6m)
WACC = 8.43% (E(361.9m)/V(471.1m) * Re(8.35%) + D(109.2m)/V(471.1m) * Rd(9.37%) * (1-Tc(0.07)))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 2.20%
[DCF] Terminal Value 75.17% ; FCFF base≈30.7m ; Y1≈30.8m ; Y5≈32.7m
[DCF] Fair Price = 5.32 (EV 501.5m - Net Debt 88.9m = Equity 412.5m / Shares 77.5m; r=8.43% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.55 | # QB: 0
Revenue Correlation: -95.23 | Revenue CAGR: -13.30% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.07 | Chg30d=-12.50% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=+88.89% | Revisions=+20% | Analysts=2
EPS current Year (2026-12-31): EPS=0.42 | Chg30d=+84.78% | Revisions=+20% | GrowthEPS=+3441.7% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=0.35 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=-17.6% | GrowthRev=+1.0%
[Analyst] Revisions Ratio: +20%