ABAT

American Battery Tech

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Industrials

industry

Waste Management

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

05/21/26

Business Summary

The company operates within the Waste Management sector, generating revenue by processing and managing waste streams, likely with exposure to resource recovery and recycling economics. Cash generation depends on securing feedstock supply, processing it efficiently, and monetizing recovered materials or service contracts. Competitive positioning typically hinges on facility infrastructure, regulatory permits, logistics networks, and long-term contracts that create switching costs. The moat, if it develops, would come from operational scale, proprietary processing capability, and embedded relationships that create recurring revenue streams within regulated industrial ecosystems.

VALUATION

P/E

-

Market Cap ($M USD)

$375

Forward P/E

-

PEG

-

PRICE TO SALES

31.6

PRICE TO BOOK

3.2

EV / EBITDA

-8.7

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.39

Next Year EPS Growth Estimate

-

Next Year Revenue Growth Estimate

-

Return on Equity (ROE)

-34.70%

Operating Margin

-406.50%

Debt-to-Equity

0

Piotroski F-Score

6

Altman Z-Score

48

Return on Invested Capital (ROIC)

-33.00%%

Current Ratio

14.9

Quick Ratio

Gainseekers Quantitative Analysis

Summary

This is a highly speculative balance sheet story masquerading as an industrial play. With no P/E, no Forward P/E, and EPS at -8.7, the market has zero earnings anchor to value against, which forces investors to rely entirely on future execution. A Price/Sales ratio of 31.6 in a Waste Management business is extremely aggressive given an Operating Margin of -34.70% and ROIC of -33.00%, meaning the company is destroying capital at scale. That said, an Altman Z-Score of 48 combined with a Current Ratio of 14.9 suggests no immediate bankruptcy risk and substantial liquidity protection. This is not mispriced for safety—it is priced for distant optionality without earnings visibility.

AI Exposure / Tech Reliance

As part of the Waste Management industry, the company sits in a segment increasingly driven by automation, materials recovery optimization, and data-driven process efficiency. AI integration in sorting, recycling optimization, and resource recovery could structurally improve margins over time. However, with current negative operating margins, the company must first stabilize execution before technological leverage translates into financial resilience.

The Bull Case

A GARP or deep value investor buying here is betting on balance sheet survivability and operational inflection. The Current Ratio of 14.9 is exceptionally strong, indicating substantial short-term liquidity and the ability to fund operations without immediate dilution pressure. The Piotroski F-Score of 6 signals middling but not distressed fundamentals, suggesting internal financial metrics are not collapsing. With a Market Cap of $375M and institutional ownership listed at $6.00, there is room for sponsorship expansion if execution improves. If Operating Margin of -34.70% inflects toward breakeven while Sales Growth Next Year stabilizes, the operating leverage could be dramatic given the elevated Price/Book of 3.2.

The Bear Case

The bear case is brutal. A Debt/Equity ratio of -406.50% signals a severely impaired capital structure, likely reflecting negative equity, which dramatically increases financial fragility despite liquidity. ROIC at -33.00% and Operating Margin at -34.70% confirm the company is not just unprofitable but structurally inefficient. With EPS at -8.7 and EPS Next Year estimated at -$0.39, profitability remains elusive, and the absence of a Forward P/E or PEG Forward removes any quantifiable growth framework. A Price/Sales ratio of 31.6 for a company with negative margins is extreme and leaves no margin of safety if execution disappoints.

Market Sentiment & Smart Money

Short Interest %

16.80%

Analyst Consensus

1

Average Analyst Price Target

$6.00

Institutional Ownership %

34.00%

1-Year Beta

2.52

Insider Buying % (6 Mo)

4.30%%

Distance to 52-Week High

24.80%%

Distance to 52-Week Low

290.80%%