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About

Aemetis, Inc. operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company engages in the operation, acquisition, development, and commercialization of low and negative carbon intensity products and technologies that replace fossil fuel products. It also produces and sells ethanol; wet distillers grains, distillers corn oil, and condensed distillers solubles to dairies and feedlots as animal feed; and distilled biodiesel and refined glycerin products. In addition, the company produces renewable natural gas; and USP alcohol and hand sanitizer. Aemetis, Inc. is headquartered in Cupertino, California.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Specialty Chemicals Market Cap 94.33M
Enterprise Value 577.48M Income -87.87M Sales 201.32M
Book/sh -4.69 Cash/sh 0.09 Dividend Yield —
Payout 0.00% Employees 223 IPO —
P/E — Forward P/E 72.01 PEG —
P/S 0.47 P/B -0.30 P/C —
EV/EBITDA -13.58 EV/Sales 2.87 Quick Ratio 0.02
Current Ratio 0.04 Debt/Eq — LT Debt/Eq —
EPS (ttm) -1.55 EPS next Y 0.02 EPS Growth —
Revenue Growth -27.30% Earnings 2026-03-12 ROA -13.26%
ROE — ROIC — Gross Margin -5.23%
Oper. Margin -14.37% Profit Margin -43.65% Shs Outstand 66.20M
Shs Float 60.92M Short Float 8.74% Short Ratio 4.89
Short Interest — 52W High 3.66 52W Low 1.22
Beta 2.60 Avg Volume 895.23K Volume 135.74K
Target Price $13.38 Recom Strong_buy Prev Close $1.42
Price $1.43 Change 0.35%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$13.38
Mean price target
2. Current target
$1.43
Latest analyst target
3. DCF / Fair value
$-10.23
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.43
Low
$2.50
High
$28.00
Mean
$13.38

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-19 main Ascendiant Capital Buy → Buy $20
2025-10-06 main Ascendiant Capital Buy → Buy $21
2025-06-30 main UBS Buy → Buy $3
2025-06-06 main Ascendiant Capital Buy → Buy $20
2025-05-09 main UBS Buy → Buy $2
2025-03-17 main Ascendiant Capital Buy → Buy $19
2025-03-14 reit HC Wainwright & Co. Buy → Buy $28
2024-12-23 reit HC Wainwright & Co. Buy → Buy $28
2024-11-15 reit HC Wainwright & Co. Buy → Buy $28
2024-09-03 main Ascendiant Capital Buy → Buy $19
2024-08-19 main UBS Buy → Buy $8
2024-08-02 reit HC Wainwright & Co. Buy → Buy $28
2024-07-31 reit Truist Securities Hold → Hold $4
2024-05-13 reit Truist Securities Hold → Hold $4
2024-05-10 reit HC Wainwright & Co. Buy → Buy $28
2024-03-08 reit HC Wainwright & Co. Buy → Buy $28
2024-02-21 main Stifel Buy → Buy $7
2024-01-23 main Stifel Buy → Buy $8
2024-01-23 main Truist Securities Hold → Hold $4
2023-11-27 main Stifel Buy → Buy $8
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 18000 27720 — Stock Award(Grant) at price 1.54 per share. BARTON FRANCIS P Director — 2026-01-22 00:00:00 D
1 14500 22330 — Stock Award(Grant) at price 1.54 per share. BEEBE LYDIA I Director — 2026-01-22 00:00:00 D
2 12000 18480 — Stock Award(Grant) at price 1.54 per share. BONESS NAOMI LOUISE Director — 2026-01-22 00:00:00 D
3 12000 18480 — Stock Award(Grant) at price 1.54 per share. SIMON TIMOTHY ALAN Director — 2026-01-22 00:00:00 D
4 12000 18480 — Stock Award(Grant) at price 1.54 per share. BLOCK JOHN R Director — 2026-01-22 00:00:00 D
5 26452 67016 — Sale at price 2.53 per share. BARTON FRANCIS P Director — 2025-08-14 00:00:00 D
6 27922 45513 — Stock Award(Grant) at price 1.63 per share. ROCKETT JAMES MICHAEL General Counsel — 2025-05-15 00:00:00 D
7 288881 207281 — Conversion of Exercise of derivative security at price 0.60 - 1.71 per share. WALTZ TODD Chief Financial Officer — 2025-04-07 00:00:00 D
8 18000 — — Stock Award(Grant) at price 0.00 per share. BARTON FRANCIS P Director — 2025-01-16 00:00:00 D
9 300000 — — Stock Award(Grant) at price 0.00 per share. MCAFEE ERIC A Chief Executive Officer — 2025-01-16 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.00-10.08M3.06K
TaxRateForCalcs0.110.210.210.00
NormalizedEBITDA-49.82M-60.16M-31.73M-22.78M
TotalUnusualItems0.00-47.99M1.13M
TotalUnusualItemsExcludingGoodwill0.00-47.99M1.13M
NetIncomeFromContinuingOperationNetMinorityInterest-87.54M-46.42M-107.76M-47.15M
ReconciledDepreciation8.39M7.00M5.58M5.49M
ReconciledCostOfRevenue268.22M184.70M262.05M204.01M
EBITDA-49.82M-60.16M-79.72M-21.64M
EBIT-58.21M-67.16M-85.30M-27.14M
NetInterestIncome-46.62M-39.52M-28.77M-24.06M
InterestExpense40.16M32.99M21.41M20.14M
NormalizedIncome-87.54M-46.42M-69.85M-48.28M
NetIncomeFromContinuingAndDiscontinuedOperation-87.54M-46.42M-107.76M-47.15M
TotalExpenses308.06M224.12M290.91M227.77M
TotalOperatingIncomeAsReported-40.42M-37.40M-34.40M-15.82M
DilutedAverageShares45.90M38.06M34.59M30.68M
BasicAverageShares45.90M38.06M34.59M30.68M
DilutedEPS-1.91-1.22-3.12-1.54
BasicEPS-1.91-1.22-3.12-1.54
DilutedNIAvailtoComStockholders-87.54M-46.42M-107.76M-47.15M
NetIncomeCommonStockholders-87.54M-46.42M-107.76M-47.15M
NetIncome-87.54M-46.42M-107.76M-47.15M
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests-87.54M-46.42M-107.76M-47.15M
NetIncomeContinuousOperations-87.54M-46.42M-107.76M-47.15M
TaxProvision-10.83M-53.74M1.05M-128.00K
PretaxIncome-98.37M-100.16M-106.70M-47.27M
OtherIncomeExpense-11.33M-23.24M-43.53M-7.39M
OtherNonOperatingIncomeExpenses1.37M2.08M14.34M-809.00K
SpecialIncomeCharges0.00-47.99M1.13M
OtherSpecialCharges47.99M-1.13M
SecuritiesAmortization12.70M25.31M9.89M7.72M
NetNonOperatingInterestIncomeExpense-46.62M-39.52M-28.77M-24.06M
TotalOtherFinanceCost6.46M6.52M7.36M3.92M
InterestExpenseNonOperating40.16M32.99M21.41M20.14M
OperatingIncome-40.42M-37.40M-34.40M-15.82M
OperatingExpense39.84M39.42M28.87M23.76M
ResearchAndDevelopment152.00K180.00K88.00K
SellingGeneralAndAdministration39.84M39.42M28.69M23.68M
GrossProfit-580.00K2.02M-5.54M7.94M
CostOfRevenue268.22M184.70M262.05M204.01M
TotalRevenue267.64M186.72M256.51M211.95M
OperatingRevenue267.64M186.72M256.51M211.95M
Line Item2023-12-312022-12-312021-12-31
PreferredSharesNumber3.10M1.27M1.41M
OrdinarySharesNumber51.14M40.97M35.87M33.46M
ShareIssued51.14M40.97M35.87M33.46M
NetDebt337.16M292.05M241.93M181.02M
TotalDebt338.06M294.72M248.77M191.34M
TangibleBookValue-263.93M-216.98M-201.85M-120.24M
InvestedCapital74.13M77.74M44.38M68.53M
WorkingCapital-99.27M-47.99M-70.14M-44.64M
NetTangibleAssets-263.93M-216.98M-201.85M-120.24M
CapitalLeaseObligations2.19M2.53M2.58M
CommonStockEquity-263.93M-216.98M-201.85M-120.24M
PreferredStockEquity1.00K1.00K
TotalCapitalization-16.40M40.72M-4.83M45.75M
TotalEquityGrossMinorityInterest-263.93M-216.98M-201.85M-120.24M
StockholdersEquity-263.93M-216.98M-201.85M-120.24M
GainsLossesNotAffectingRetainedEarnings-6.37M-5.67M-5.45M-4.35M
OtherEquityAdjustments-6.37M-5.67M-5.45M-4.35M
RetainedEarnings-562.94M-475.40M-428.99M-321.23M
AdditionalPaidInCapital305.33M264.06M232.55M205.31M
CapitalStock51.00K41.00K37.00K34.00K
CommonStock51.00K41.00K36.00K33.00K
PreferredStock0.001.00K1.00K
TotalLiabilitiesNetMinorityInterest523.23M460.38M408.97M281.07M
TotalNonCurrentLiabilitiesNetMinorityInterest379.26M375.99M320.69M215.74M
OtherNonCurrentLiabilities5.14M5.11M5.48M2.45M
PreferredSecuritiesOutsideStockEquity126.59M113.19M116.00M44.98M
LongTermDebtAndCapitalLeaseObligation247.53M257.69M199.21M168.31M
LongTermCapitalLeaseObligation1.78M2.19M2.32M
LongTermDebt247.53M257.69M197.02M165.99M
CurrentLiabilities143.97M84.39M88.28M65.33M
OtherCurrentLiabilities20.30M15.23M12.56M12.85M
CurrentDebtAndCapitalLeaseObligation90.53M37.03M49.56M23.04M
CurrentCapitalLeaseObligation406.00K338.00K260.00K
CurrentDebt90.53M37.03M49.22M22.78M
OtherCurrentBorrowings37.03M49.22M22.78M
PayablesAndAccruedExpenses33.14M32.13M26.17M29.45M
CurrentAccruedExpenses0.006.20M
Payables33.14M32.13M26.17M23.25M
TotalTaxPayable1.21M6.83M
AccountsPayable33.14M32.13M26.17M16.41M
TotalAssets259.30M243.41M207.11M160.83M
TotalNonCurrentAssets214.61M207.01M188.98M140.14M
OtherNonCurrentAssets12.98M9.84M6.09M2.58M
InvestmentProperties15.43M15.43M15.44M
NetPPE186.20M181.73M167.45M137.56M
AccumulatedDepreciation-64.90M-57.18M-50.53M-46.33M
GrossPPE251.10M238.91M217.98M183.90M
ConstructionInProgress46.20M73.06M88.99M55.86M
OtherProperties5.13M4.95M5.49M20.22M
MachineryFurnitureEquipment191.13M153.57M116.16M103.74M
LandAndImprovements8.64M7.34M7.34M4.08M
Properties0.000.000.000.00
CurrentAssets44.70M36.40M18.14M20.69M
OtherCurrentAssets2.41M3.46M3.65M644.00K
PrepaidAssets1.84M3.35M4.25M5.60M
Inventory25.44M18.29M4.66M5.13M
FinishedGoods11.23M6.70M1.56M2.32M
WorkInProcess1.68M1.68M127.00K2.08M
RawMaterials12.53M9.91M2.97M727.00K
Receivables14.11M8.63M1.26M1.57M
TaxesReceivable12.30M0.00
AccountsReceivable1.80M8.63M1.26M1.57M
AllowanceForDoubtfulAccountsReceivable-57.00K-55.00K0.00-1.40M
GrossAccountsReceivable1.86M8.69M1.26M2.98M
CashCashEquivalentsAndShortTermInvestments898.00K2.67M4.31M7.75M
CashAndCashEquivalents898.00K2.67M4.31M7.75M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-53.18M-19.29M-62.02M-47.30M
RepurchaseOfCapitalStock0.00-30.00M0.00-300.00K
RepaymentOfDebt-5.19M-56.56M-26.75M-56.03M
IssuanceOfDebt19.46M75.48M69.36M0.00
IssuanceOfCapitalStock31.75M21.72M11.99M106.72M
CapitalExpenditure-20.25M-33.12M-39.16M-26.65M
InterestPaidSupplementalData9.22M9.81M19.52M5.68M
IncomeTaxPaidSupplementalData1.81M20.00K10.00K7.00K
EndCashPosition3.83M6.28M7.00M7.75M
BeginningCashPosition6.28M7.00M7.75M592.00K
EffectOfExchangeRateChanges12.00K49.00K-213.00K-4.00K
ChangesInCash-2.46M-768.00K-539.00K7.16M
FinancingCashFlow44.62M9.09M53.63M50.70M
CashFlowFromContinuingFinancingActivities44.62M9.09M53.63M50.70M
NetOtherFinancingCharges-1.44M-1.68M-1.17M-993.00K
ProceedsFromStockOptionExercised36.00K133.00K206.00K1.30M
NetPreferredStockIssuance0.00-30.00M0.002.83M
PreferredStockPayments0.00-30.00M0.00-300.00K
PreferredStockIssuance0.003.13M
NetCommonStockIssuance31.75M21.72M11.99M103.59M
CommonStockIssuance31.75M21.72M11.99M103.59M
NetIssuancePaymentsOfDebt14.27M18.92M42.61M-56.03M
NetLongTermDebtIssuance14.27M18.92M42.61M-56.03M
LongTermDebtPayments-5.19M-56.56M-26.75M-56.03M
LongTermDebtIssuance19.46M75.48M69.36M0.00
InvestingCashFlow-14.15M-23.69M-31.31M-22.89M
CashFlowFromContinuingInvestingActivities-14.15M-23.69M-31.31M-22.89M
NetOtherInvestingChanges6.11M9.43M7.85M3.76M
CapitalExpenditureReported-20.25M-33.12M-39.16M-26.65M
OperatingCashFlow-32.93M13.82M-22.87M-20.65M
CashFlowFromContinuingOperatingActivities-32.93M13.82M-22.87M-20.65M
ChangeInWorkingCapital15.21M14.08M6.05M5.39M
ChangeInOtherCurrentLiabilities3.21M-1.76M-10.12M729.00K
ChangeInOtherCurrentAssets-2.84M-2.02M-3.94M2.37M
ChangeInPayablesAndAccruedExpense26.62M37.28M17.68M9.26M
ChangeInAccruedExpense27.91M23.56M15.50M14.46M
ChangeInInterestPayable27.91M23.56M15.50M14.46M
ChangeInPayable-1.29M13.73M2.18M-5.20M
ChangeInAccountPayable-1.29M13.73M2.18M-5.20M
ChangeInPrepaidAssets1.53M1.84M1.78M-4.85M
ChangeInInventory-7.77M-13.84M360.00K-2.21M
ChangeInReceivables-5.55M-7.42M294.00K94.00K
ChangesInAccountReceivables6.75M-7.42M294.00K94.00K
OtherNonCashItems19.16M31.84M16.59M11.64M
StockBasedCompensation8.31M7.66M6.41M3.93M
ProvisionandWriteOffofAssets0.001.18M
DeferredTax0.00-750.00K832.00K0.00
DeferredIncomeTax0.00-750.00K832.00K0.00
DepreciationAmortizationDepletion8.39M7.00M5.58M5.49M
DepreciationAndAmortization8.39M7.00M5.58M5.49M
AmortizationCashFlow46.00K72.00K46.00K46.00K
AmortizationOfIntangibles46.00K72.00K46.00K46.00K
Depreciation8.34M6.93M5.54M5.45M
OperatingGainsLosses3.54M409.00K49.43M-1.13M
GainLossOnInvestmentSecurities409.00K
NetIncomeFromContinuingOperations-87.54M-46.42M-107.76M-47.15M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for AMTX
Date User Asset Broker Type Position Size Entry Price Patterns