AML3D LIMITED (AL3)
Share Price Analysis and Chart

28/07/2026

1

Speculative Buy

$0.35

150.00%

Bell Potter observes AML3D has finished FY26 in a strong position with orders of $16.8m going into FY27. The company has identified a global sales pipeline of $78m.

The broker notes the technology is particularly suited to maritime applications, with strong leverage to demand from the US Navy's industrial base. Over FY27 the company is expected to increase deployment of ARCEMY systems in the US and Europe.

Speculative Buy maintained. Target is reduced to 35c from 40c.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.20 cents.

07/09/2026

1

Buy

$0.30

114.29%

Shaw and Partners maintains a Buy rating for AML3D with a $0.30 target price following a US Navy announcement on August 21 introducing new technical requirements to rapidly scale the use of metallic 3D printing.

The new standard removes bureaucratic barriers, notably stripping away repetitive first article testing, allowing US defence prime contractors to order parts for immediate use in production settings without lengthy prior testing processes.

The analyst views this as a significant gain for the company, supporting its ability to sell systems and components into the US Submarine Industrial Base, which already represents a major source of revenue.

With the capacity to produce $12m to $16m of parts annually and ongoing capacity additions in the US, Shaw and Partners expects stepped-up component order flow, forecasting parts sales of $4.5m in FY27, $6.5m in FY28, and $8m in FY29.

Shaw and Partners highlights the company is currently holding approximately $27m in cash and could potentially attain operating cash flow break-even during FY27, while trading at a substantial enterprise value-to-revenue discount compared to its ASX-listed additive manufacturing peers.

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.