ALS' seasonally adjusted Australian mineral exploration expenditure rose 18% year on year in the June 2026 quarter, while drilling meters increased nearly 20% to the highest quarterly level since September 2021.
ALS has diversified its earnings base to mitigate exposure to more cyclical commodity markets. Expansion into food and pharma testing, as well as inspection and certification markets, should provide growth despite a significant slowdown in minerals testing.
Earnings tied to exploration are vulnerable to how quickly exploration can be switched off, either due to a lack of funding or a pullback in demand/prices, making projects less attractive.
|
Metric
|
ALQ
|
ITRK
|
|---|---|---|
Price/Earnings (Normalized) | 29.77 | 25.35 |
Price/Book Value | 6.26 | 8.50 |
Price/Sales | 3.19 | 2.59 |
Price/Cash Flow | 21.83 | 15.26 |
|
Metric
|
ALQ
|
ITRK
|
|---|---|---|
Quick Ratio | 1.15 | 1.08 |
Current Ratio | 1.47 | 1.10 |
Interest Coverage | 6.80 | 9.08 |
|
Metric
|
ALQ
|
ITRK
|
|---|---|---|
Return on Assets (Normalized) | 9.47% | 11.07% |
Return on Equity (Normalized) | 24.55% | 38.17% |
Return on Invested Capital (Normalized) | 12.79% | 16.24% |
|
1-Day Chart
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Morningstar Rating for Stocks
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United States