Added to YB: 2026-03-04
Pitch date: 2026-03-01
ATP.AX [neutral]
Atlas Pearls Limited
Author Info
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Company Info
Atlas Pearls Limited produces and sells south sea pearls in Australia and Indonesia. It owns and operates silver and white sea pearl.
Market Cap
AUD 50.1M
Pitch Price
AUD 0.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.91
P/E
11.10
EV/Sales
1.04
Sector
Textiles, Apparel and Luxury Goods
Category
turnaround
Company monitoring. - Atlas Pearls Limited
ATP.AX (exited position): Indonesian pearl producer, highly profitable post-2019 diversification (59% op margin peak H2 2023 on China demand surge). Dec auction quality index rose to 30 but $/quality fell to $2.61 low; H1 2026 rev -27% YoY, EBITDA -49%, dividend suspended. Weak Asian demand, elevated inventory. Author sold all holdings after monitoring auction declines from 2023 peak (bought AUD 0.027, sold AUD 0.185). Long-term growth 30-50% by 2030 unappealing vs execution risk.
Read full article (4 min)