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Alto Ingredients, Inc. produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients, including dried yeast, corn protein meal, corn protein feed, corn germ, distillers grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast and gas liquid CO2 for human consumption. The company also provides fuel-grade ethanol used as transportation fuel additives and distillers corn oil used as a renewable diesel and biodiesel feedstock, as well as fuel-grade ethanol produced by third parties. In addition, it offers transportation, storage, and delivery services through third-party service providers. Further, the company operates alcohol production facilities. It sells ethanol to integrated oil companies and gasoline marketers; essential ingredient feed products to dairies and feedlots; and corn oil to poultry, renewable diesel, and biodiesel customers. The company was formerly known as Pacific Ethanol, Inc. and changed its name to Alto Ingredients, Inc. in January 2021. Alto Ingredients, Inc. was founded in 2003 and is headquartered in Pekin, Illinois.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Alto Ingredients is a U.S.-based producer of ethanol, specialty alcohols and ingredient solutions supplying fuel, food and industrial customers via its production facilities. Long-term growth may be supported by steady demand for renewable fuels, higher-margin specialty ingredient sales and operational scale. Investors may find the company attractive for its diversified end-market exposure and potential margin improvement if product mix shifts toward specialty offerings.
Key risks include commodity input and ethanol price volatility, sensitivity to biofuel policy and regulatory changes, and operational execution risks at production sites.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 12.72M | -58.81M | -27.91M | -39.67M | 47.55M |
| Minority interest | - | - | - | 0.00M | 0.00M |
| Net income | 13.34M | -58.98M | -28.00M | -41.60M | 46.08M |
| Selling general administrative | 27.21M | 29.74M | 31.83M | 31.58M | 29.18M |
| Gross profit | 34.91M | 9.72M | 15.65M | -27.55M | 67.78M |
| Reconciled depreciation | 25.22M | 24.41M | 23.36M | 25.09M | 23.29M |
| Ebit | 7.71M | -51.17M | -20.48M | -61.36M | 16.52M |
| Ebitda | 32.92M | -26.76M | 2.60M | -35.62M | 39.81M |
| Depreciation and amortization | 25.22M | 24.41M | 23.08M | 25.74M | 23.29M |
| Operating income | 7.71M | -51.67M | -23.85M | -61.36M | 16.52M |
| Other operating expenses | 910.22M | 1016.93M | 1246.79M | 1372.10M | 1169.29M |
| Interest expense | 10.77M | 7.64M | 7.42M | 1.83M | 3.59M |
| Tax provision | -0.62M | 0.17M | 1.93M | 1.93M | 1.47M |
| Net interest income | -10.77M | -7.64M | -6.27M | -1.83M | -3.59M |
| Non recurring | - | - | - | - | 3.10M |
| Income tax expense | -0.62M | 0.17M | 0.10M | 1.93M | 1.47M |
| Total revenue | 917.93M | 965.26M | 1222.94M | 1335.62M | 1207.89M |
| Total operating expenses | 27.21M | 61.40M | 39.50M | 8.93M | 29.18M |
| Cost of revenue | 883.01M | 955.54M | 1207.29M | 1363.17M | 1140.11M |
| Total other income expense net | 5.01M | -7.14M | -4.06M | 21.69M | 31.04M |
| Net income from continuing ops | 13.34M | -58.98M | -42.13M | -41.60M | 46.08M |
| Net income applicable to common shares | - | - | - | -42.86M | 44.22M |
| Preferred stock and other adjustments | - | - | - | 1.26M | 1.26M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 388.79M | 401.44M | 462.90M | 478.32M | 484.95M |
| Intangible assets | 7.57M | 4.51M | 8.50M | 9.09M | - |
| Other current assets | 67.67M | 9.52M | 11.95M | 9.34M | 9.30M |
| Total liab | 143.54M | 176.38M | 183.34M | 170.23M | 139.74M |
| Total stockholder equity | 245.24M | 225.06M | 279.56M | 308.09M | 345.21M |
| Other current liab | 23.00M | 32.58M | 40.20M | 46.05M | 21.14M |
| Common stock | 0.08M | 0.08M | 0.08M | 0.07M | 0.07M |
| Capital stock | 0.08M | 0.08M | 0.08M | 0.08M | 0.07M |
| Retained earnings | -812.09M | -824.17M | -763.91M | -734.64M | -691.78M |
| Other liab | - | - | - | 8.80M | 10.39M |
| Good will | - | 0.00M | 0.00M | 5.97M | - |
| Other assets | - | 0.00M | 0.00M | 6.14M | 19.46M |
| Cash | 25.67M | 35.47M | 45.48M | 36.46M | 50.61M |
| Total current liabilities | 59.07M | 57.80M | 65.29M | 78.02M | 69.60M |
| Current deferred revenue | - | - | - | - | 21.31M |
| Net debt | 71.92M | 79.20M | 59.98M | 50.81M | 13.04M |
| Short term debt | 21.56M | 4.85M | 4.33M | 3.85M | 3.91M |
| Short long term debt | 16.60M | - | - | - | - |
| Short long term debt total | 97.60M | 114.67M | 105.46M | 87.27M | 63.65M |
| Other stockholder equity | 1051.80M | 1044.18M | 1040.91M | 1040.83M | 1037.20M |
| Property plant equipment | - | - | - | 239.07M | 235.96M |
| Total current assets | 155.92M | 153.12M | 168.77M | 199.12M | 229.53M |
| Net tangible assets | - | - | - | 308.09M | 345.21M |
| Net receivables | 62.57M | 58.22M | 58.73M | 68.66M | 86.89M |
| Long term debt | 63.03M | 92.90M | 82.10M | 68.36M | 50.36M |
| Inventory | 61.68M | 49.91M | 52.61M | 66.63M | 54.37M |
| Accounts payable | 14.51M | 20.37M | 20.75M | 28.11M | 23.25M |
| Accumulated other comprehensive income | 5.46M | 4.97M | 2.48M | 1.82M | -0.28M |
| Common stock total equity | - | - | - | 0.07M | 0.07M |
| Preferred stock total equity | - | - | - | 0.00M | 0.00M |
| Retained earnings total equity | - | - | - | -734.64M | -691.78M |
| Non currrent assets other | 232.87M | 8.52M | 5.63M | 6.14M | 19.46M |
| Non current assets total | 232.87M | 248.32M | 294.13M | 279.20M | 255.43M |
| Capital lease obligations | 17.97M | 21.76M | 23.36M | 18.91M | 13.29M |
| Long term debt total | - | - | - | 68.36M | 50.36M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -13.47M | -40.62M | 14.77M | 27.12M |
| Change to liabilities | - | - | - | 20.50M | 13.21M |
| Total cashflows from investing activities | -7.43M | -13.47M | -33.03M | -37.66M | 27.12M |
| Net borrowings | -15.09M | 8.99M | 12.61M | 21.60M | -37.61M |
| Total cash from financing activities | -16.36M | 7.72M | 6.96M | 19.01M | -40.00M |
| Change to operating activities | - | - | - | 2.56M | 33.59M |
| Net income | 13.34M | -58.98M | -28.00M | -41.60M | 46.08M |
| Change in cash | -10.54M | -9.27M | -4.04M | -12.60M | 13.94M |
| Begin period cash flow | 36.21M | 45.48M | 49.52M | 62.12M | 48.19M |
| End period cash flow | 25.67M | 36.21M | 45.48M | 49.52M | 62.12M |
| Total cash from operating activities | 13.24M | -3.52M | 22.02M | 6.05M | 26.82M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 0.46M |
| Depreciation | 25.22M | 24.41M | 23.08M | 25.09M | 23.29M |
| Other cashflows from investing activities | -2.83M | -2.40M | - | -14.69M | 43.50M |
| Dividends paid | 1.26M | 1.27M | 1.26M | -1.26M | -2.85M |
| Change to inventory | -12.62M | 4.48M | 11.82M | -15.48M | -16.45M |
| Change to account receivables | 3.31M | 0.56M | 9.50M | 23.97M | -43.55M |
| Sale purchase of stock | 0.00M | 0.00M | -3.67M | -1.32M | 0.46M |
| Other cashflows from financing activities | -15.09M | 8.99M | -0.71M | -38.63M | 17.89M |
| Change to netincome | - | - | - | -9.30M | -20.63M |
| Capital expenditures | 4.60M | 11.07M | 29.53M | 37.74M | 16.38M |
| Change receivables | - | - | - | 23.97M | -43.55M |
| Cash flows other operating | - | - | - | 2.56M | 7.87M |
| Cash and cash equivalents changes | - | - | - | -12.60M | 13.94M |
| Change in working capital | -16.44M | 9.96M | 3.71M | 31.55M | -13.19M |
| Stock based compensation | 3.02M | 4.36M | 3.90M | 3.33M | 2.88M |
| Other non cash items | -11.89M | 16.73M | 19.34M | -12.34M | 0.55M |
| Free cash flow | 8.65M | -14.59M | -7.51M | -31.70M | 10.44M |
Sector: Basic Materials Industry: Specialty Chemicals
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ALTO Alto Ingredients Inc |
0.17 4.68% |
3.92 | 5.93 | 14.08 | 0.34 | 1.18 | 0.39 | 4.24 |
| LIN Linde plc Ordinary Shares |
-5.98 1.15% |
515.25 | 33.77 | 28.90 | 6.56 | 5.42 | 7.03 | 18.92 |
| AIQUY Air Liquide SA ADR |
-0.75 1.77% |
41.68 | 30.69 | 24.81 | 4.70 | 4.10 | 4.36 | 15.61 |
| AIQUF L'Air Liquide S.A |
0.00 0.00% |
211.18 | 29.78 | 22.68 | 4.54 | 3.98 | 4.50 | 15.90 |
| SHW Sherwin-Williams Co |
6.65 1.93% |
350.75 | 33.33 | 27.40 | 3.38 | 20.60 | 3.88 | 21.36 |
Alto Ingredients, Inc. produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients, including dried yeast, corn protein meal, corn protein feed, corn germ, distillers grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast and gas liquid CO2 for human consumption. The company also provides fuel-grade ethanol used as transportation fuel additives and distillers corn oil used as a renewable diesel and biodiesel feedstock, as well as fuel-grade ethanol produced by third parties. In addition, it offers transportation, storage, and delivery services through third-party service providers. Further, the company operates alcohol production facilities. It sells ethanol to integrated oil companies and gasoline marketers; essential ingredient feed products to dairies and feedlots; and corn oil to poultry, renewable diesel, and biodiesel customers. The company was formerly known as Pacific Ethanol, Inc. and changed its name to Alto Ingredients, Inc. in January 2021. Alto Ingredients, Inc. was founded in 2003 and is headquartered in Pekin, Illinois.
1300 South Second Street, Pekin, IL, United States, 61554
833 710 2586
390
| Name | Title | Year Born |
|---|---|---|
| Mr. William L. Jones | Founder & Independent Chairman | 1950 |
| Mr. Michael D. Kandris | CEO, Pres, COO & Director | 1948 |
| Mr. Bryon T. McGregor | Chief Financial Officer | 1964 |
| Mr. Christopher W. Wright Esq. | Consultant | 1953 |
| Mr. James R. Sneed | VP & Chief Commercial Officer | 1967 |
| Ms. Auste M. Graham J.D. | VP, Gen. Counsel & Corp. Sec. | 1980 |
| Mr. Ed Baker | VP of HR | NA |
| Mr. Bryon T. McGregor | CEO & President | 1964 |
| Ms. Auste M. Graham J.D. | VP, General Counsel & Corporate Secretary | 1980 |
| Mr. Michael D. Kandris | Advisor & Director | 1948 |
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