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Alpha Technologies Group

AHAG
20
Hardware, Equipment & Parts · Technology
Price
$0.00
+0.00 (+0.00%)
Market Cap
$711
Winston Score
20
Winston is worried
Weak fundamentals across most pillars.

Alpha Technologies Group, Inc. is a small technology hardware company that makes and sells electronic components and equipment. Its products are used in industrial and commercial applications, serving businesses that need specialized hardware solutions. The company operates in the broader hardware, equipment, and parts industry within the technology sector.

The company earns revenue primarily through product sales rather than recurring subscriptions, which is typical for hardware businesses. With a market cap near zero, it is a very small company, and its geographic reach is likely limited compared to larger industry peers. Its operating margin of roughly 31% and return on invested capital above 40% are unusually high for a hardware business with thin gross margins of about 11%, which may reflect low overhead costs or a niche market position — though limited public information makes it difficult to fully assess its competitive moat or verify the sustainability of those figures going forward.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+24.8% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+98.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$396,000/ year

Declining (-20% vs prior year)

0.8% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

32.4%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$775,000 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Alpha Technologies Group is a rare growth stock that's already generating positive cash flow while growing at 25%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.3% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 7.1M (1999) → 7.1M (2003)

Score breakdown

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Quality

Gross Margin
12.9%
Thin — 12.9% gross margin
Operating Margin
1.6%
Thin — 1.6% operating margin
ROCE
0.7%
Weak — 0.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+7.0%
Slow sales growth (7.0% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
0.8%
Thin free cash flow (0.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
2.23
Heavy debt load (2.23)
Interest Cover
0.49x
Dangerous — barely covers interest (0.5x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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