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Alto Ingredients Inc (ALTO)



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Upturn Advisory Summary
09/15/2025: ALTO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $4
1 Year Target Price $4
1 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -54.56% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 91.33M USD | Price to earnings Ratio - | 1Y Target Price 4 |
Price to earnings Ratio - | 1Y Target Price 4 | ||
Volume (30-day avg) 2 | Beta 0.32 | 52 Weeks Range 0.76 - 2.05 | Updated Date 09/15/2025 |
52 Weeks Range 0.76 - 2.05 | Updated Date 09/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.92 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -7.16% | Operating Margin (TTM) -3.5% |
Management Effectiveness
Return on Assets (TTM) -3.57% | Return on Equity (TTM) -28.22% |
Valuation
Trailing PE - | Forward PE 7.37 | Enterprise Value 200283289 | Price to Sales(TTM) 0.1 |
Enterprise Value 200283289 | Price to Sales(TTM) 0.1 | ||
Enterprise Value to Revenue 0.21 | Enterprise Value to EBITDA 52.84 | Shares Outstanding 77396800 | Shares Floating 69314287 |
Shares Outstanding 77396800 | Shares Floating 69314287 | ||
Percent Insiders 7.21 | Percent Institutions 34.77 |
Upturn AI SWOT
Alto Ingredients Inc

Company Overview
History and Background
Alto Ingredients Inc, formerly known as Pacific Ethanol, was founded in 2003. It initially focused on producing ethanol from renewable resources, primarily corn. Over time, it diversified its product portfolio and expanded its geographic reach through acquisitions and organic growth. It transitioned to a focus on higher-value ingredients, co-products, and carbon capture. Significant milestones include strategic acquisitions and facility upgrades to enhance production efficiency and product diversification.
Core Business Areas
- Specialty Alcohols: Production and sale of specialty alcohols used in various applications, including hand sanitizers, pharmaceuticals, and cosmetics.
- Essential Ingredients: Production and sale of essential ingredients derived from the ethanol production process, such as corn oil, distillers grains, and carbon dioxide.
- Renewable Fuel: Production and sale of fuel-grade ethanol for blending with gasoline.
Leadership and Structure
Mike Kandris serves as the President and CEO. The company is structured with functional departments including Operations, Sales, Finance, and Marketing. The Board of Directors provides strategic oversight and governance.
Top Products and Market Share
Key Offerings
- Specialty Alcohols: High-purity alcohols used in sanitizers, pharmaceuticals, and cosmetics. Market share is estimated at 10% in the specialty alcohol market. Competitors include Green Plains Inc., Andersons Inc., and ADM.
- Corn Oil: Corn oil extracted during the ethanol production process, sold as feed ingredients and feedstock for biodiesel. Market share is estimated to be 8% within the corn oil market. Competitors include Bunge Limited, Cargill, and ADM.
- Distillers Grains: A co-product of ethanol production used as animal feed. Competitors include Green Plains Inc., Andersons Inc., and ADM.
Market Dynamics
Industry Overview
The renewable fuel industry is driven by government mandates and consumer demand for alternative fuels. The market is influenced by corn prices, energy policies, and environmental regulations. The specialty alcohol market is growing due to increased demand for sanitizers and personal care products.
Positioning
Alto Ingredients Inc is positioned as a diversified producer of renewable fuels and specialty ingredients. Its competitive advantage lies in its ability to produce a range of products, optimizing profitability across different market conditions.
Total Addressable Market (TAM)
The TAM for ethanol and its co-products is estimated to be in the tens of billions of dollars annually. Alto Ingredients Inc is positioned to capture a small but growing portion of this TAM through its diversified product offerings and strategic investments.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Strategic location of production facilities
- Focus on higher-margin specialty products
- Experienced management team
Weaknesses
- Exposure to commodity price fluctuations
- Dependence on corn as a primary feedstock
- High debt levels
- Potential competition from larger producers
Opportunities
- Expansion into new markets
- Development of new products
- Increased demand for sustainable fuels
- Government incentives for renewable energy
Threats
- Changes in government regulations
- Fluctuations in corn prices
- Increased competition
- Economic downturn
Competitors and Market Share
Key Competitors
- GPRE
- ADM
- ANDE
Competitive Landscape
Alto Ingredients Inc is a smaller player in the industry compared to ADM and Green Plains. It differentiates itself through its focus on specialty products and strategic location of production facilities. Alto must work to increase it market share.
Major Acquisitions
Eagle Alcohol
- Year: 2021
- Acquisition Price (USD millions): 45
- Strategic Rationale: Expanded the company's specialty alcohol production capacity and market reach.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by acquisitions and expansion of production capacity. The company has focused on shifting towards higher-value specialty products.
Future Projections: Analysts project moderate revenue growth, driven by increased demand for specialty alcohols and sustainable fuels. Profitability is expected to improve as the company focuses on cost reduction and product diversification.
Recent Initiatives: Recent initiatives include investments in carbon capture technology, expansion of specialty alcohol production, and strategic acquisitions to enhance market presence.
Summary
Alto Ingredients Inc. is a diversified renewable fuel and specialty alcohol producer navigating a competitive market. While it has successfully expanded its product portfolio and invested in strategic initiatives, profitability remains inconsistent. Its future success hinges on managing commodity price volatility and executing its growth strategies effectively. The company needs to continue to focus on its margins and address its high debt levels.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q), Company Website, Press Releases, Analyst Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Alto Ingredients Inc
Exchange NASDAQ | Headquaters Pekin, IL, United States | ||
IPO Launch date 2005-03-24 | CEO, President & Director Mr. Bryon T. McGregor | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 393 | Website https://www.altoingredients.com |
Full time employees 393 | Website https://www.altoingredients.com |
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 liquid CO2 for human consumption. The company also provides fuel-grade ethanol used as transportation fuel 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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