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ALS

ASX:ALQ · AU000000ALQ6
Professional ServicesMedium

360

27
EV / EBIT13
Price / Owner Earnings5
Owner Earnings Yield11
Dividend Yield65
Price/Sales39
EV / Gross Profit6
Price/Book17
Return on Capital47
Cash Return on Capital9
Return on Equity48
EBIT Margin65
Gross Profitability31
Cash Conversion56
Accruals29
Owner Earnings Margin23
Sales growth55
Profit Growth86
Long-Term EPS Growth98
Owner Earnings Growth35
Reinvestment40
Price momentum79
Debt load7
Refinancing60
Debt Payback11
Liquidity32
Analyst ratings45
Opinion Changes44
Price Target Upside16
Market mood51
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ALS generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryAustralia
IndustryProfessional Services
SizeMedium
TypePublic Company
ExchangeASX
Founded1910
Employees6,642
Websitealsglobal.com
ISINAU000000ALQ6
Last UpdateApr 2, 2026
Indices
ASX 100 (Australia)ASX 200 (Australia)ASX 300 (Australia)
Themes
Health DiagnosticsEnvironmental ConsultingEnvironmental EngineeringMining TechnologyEnvironment, Health and Safety (EH&S)Professional ServicesTest and Measurement

Description

ALS Limited provides professional technical services primarily in the areas of testing, measurement, and inspection. The company’s services span various sectors, including environmental monitoring, quality assurance in food and pharmaceuticals, minin…

Analysis

Hope premium

ALS Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 61.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 21% a year, against analyst forecasts of 22%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
34
2023202420252026

All-time high

52

Mar 2026

All-time low

7

Jan 2023

Average rank

28

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
39
26
31
36
Price/Earnings
40
27
47
36
Price/Book
17
7
33
34
Dividend Yield
65
23
67
63
Value (overall)
32
5
39
29

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →