AML3D LIMITED (AL3)
Share Price Analysis and Chart

26/10/2026

1

Speculative Buy

$0.25

117.39%

Bell Potter highlights AML3D's September quarter report, which outlined a $16.8m FY27 order book and global sales pipeline exceeding $80m, up from $78m.

Two Newport News Shipbuilding systems are commissioned, with two more due this quarter. AML3D also secured a $0.5m US Navy parts order through Austal ((ASB)).

Quarter-end cash stood at $24.4m with no debt.

The broker expects further US and European system deployments and commercial-scale component production in FY27.

Earnings forecasts are unchanged, but a higher cost of capital lowers the target to 25c from 35c. Speculative Buy maintained.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.10 cents.
Bell Potter forecasts a full year FY28 EPS of 1.10 cents.

30/10/2026

1

Buy

$0.30

160.87%

Shaw and Partners retains its Buy rating for AML3D with a $0.30 target price following a $2.2m order for a large ARCEMY X system from US Navy prime contractor Northrop Grumman Marine Systems.

Expected to be fulfilled by the end of FY27, the contract supports the broker's estimates of $19.6m in revenue for the period and marks the first Australian supplier engaged by the contractor for marine industrial base supply.

The analyst highlights a $78m pipeline alongside ongoing discussions regarding an Ohio print farm facility capable of housing up to ten systems.

The report highlights the stock trades at a substantial discount to ASX additive manufacturing peers on an enterprise value-to-revenue basis while benefiting from reshoring initiatives in the US.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.60 cents.
Shaw and Partners forecasts a full year FY28 dividend of 0.00 cents and EPS of minus -0.20 cents.