CERENERGY Batteries, Silumina Anodes Hike Altech’s Share Valuation 341 percent: Analyst Report

Description:

Altech Batteries (ASX:ATC) is well-placed to capitalise on the huge EV battery market growth over the next decade by advancing two groundbreaking battery projects, according to a report by East Coast Research.

The company’s CERENERGY Batteries and Silumina Anodes, which are currently being commersialised in Germany, have triggered an updated valuation of Altech’s share value at

AU$0.20, representing a 341 percent upside from its current share price of AU$0.046.

“As the world increasingly focuses on decarbonisation, the demand for these advancements continues to grow. We have raised our price target due to the progress Altech has made over the year moving towards commercialisation,” the report said.

“These valuations are based on assumptions from the respective DFS results of the projects, adjusted for minority interests. The modest increase in target prices since our May 2024 research note reflects Altech’s steady progress towards commercialisation, with key milestones such as the Silumina Anodes pilot plant construction and prototype shipments to end-line customers for testing significantly enhancing the likelihood of eventual commercialisation.”

Prototype 60 KWh battery being assembled and tested at Fraunhofer IKTS laboratory

Altech has completed its first CERENERGY ABS60 battery prototype unit, installed at Altech’s joint venture partner Fraunhofer IKTS’ test laboratory in Dresden, Germany, and integrated into a specially designed battery test station.

Highlights of the report:

• Silumina Anodes – Altech poised to capitalise on huge EV battery market growth over the next decade
• Altech has developed a lithium-ion battery anode by combining silicon particles with conventional graphite, achieving a 55 percent increase in energy capacity.
• Altech has completed a definitive feasibility study (DFS) for an 8,000 tpa plant in Germany and has an operational pilot plant, positioning it for rapid commercialisation.
• Financially, the project shows strong metrics: a pre-tax NPV10 of €684 million, an IRR of 34 percent, and an annual EBITDA of €105 million, indicating robust economic viability.

For the full analyst report, click here.

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.