ALS Limited (ALQ.AX) stock analysis

In our weekly check, ALS Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 4, red flags: 2.

About ALS Limited

ALS Limited is an Industrials company (Consulting Services) based in Australia, listed on ASX as ALQ.AX.

What our checks show for ALQ.AX

Red flags

• The gross margin fell by 4.3 points, to 31.3%: costs are rising faster than prices.
• The stock has fallen as much as 76% from a peak. Would you have held through that?

Warning signs

• The net margin is only 9.6%: little room if costs rise.
• The dividend takes 86% of profit: little cushion if profit falls.
• The price is 33.2 times earnings (P/E): the market already pays for a lot of future growth.
• Recovering from its deepest fall took about 1.7 years.

Strengths

• Operating cash flow is 1.55x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 17.5% a year over the next years.
• Analysts expect the net margin to improve by 3.7 points from today's 9.6%.
• Return on capital (ROCE) is 17.2%: the business earns well on the money put into it.
• Pay in shares is only 0% of free cash flow.

Next earnings report: 2026-11-23

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Questions

What grade does ALS Limited (ALQ.AX) have?

In our weekly check, ALS Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 4, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ALQ.AX stock?

This week's biggest flags for ALS Limited: Gross margin falling, Deep past fall, Thin margins. In total 6 of 25 checks show a warning or a red flag.

What does ALS Limited do?

ALS Limited is an Industrials company (Consulting Services) based in Australia, listed on ASX as ALQ.AX.

When does ALS Limited report earnings next?

The next earnings report is expected on 2026-11-23. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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