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Alkame Holdings

ALKM
18
Beverages - Non-Alcoholic · Consumer Defensive
Price
$0.00
+0.00 (+0.00%)
Market Cap
$864,639
Exchange
Other OTC
Winston Score
18
Winston is worried
Weak fundamentals across most pillars.
Data as of Sep 18, 2026 · filings through Dec 31, 2022

§How the score breaks down

Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Data not available
Valuation
Good
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Share count rising — dilution

+64.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.25B (2018) → 8.65B (2022)

§Winston Score History

The full picture

Alkame Holdings is a very small company that sells alkaline water and other enhanced water products. Its beverages are marketed as having a higher pH level than regular water, targeting health-conscious consumers. The company sells its products primarily in the United States through retail stores and online channels.

Alkame generates revenue by selling bottled water products directly and through distributors. It is a micro-cap company operating in the highly competitive U.S. bottled water market, where it faces much larger rivals with far greater brand recognition and distribution networks. The company has reported negative operating margins, meaning it currently spends more than it earns, and its ability to scale distribution and reach profitability remains the central challenge for the business going forward.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-59.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+209.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (2%)

Research and development spending

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$15,497 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Alkame Holdings's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
-23.4%
Thin — -23.4% gross margin
Profit after running costs
Operating Margin
-123.6%
Losing money on operations — -123.6%
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
+18.5%
Fast-growing sales (+18.5% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
-16%
Weak — only -16% of profit becomes cash
Spare cash per sale
FCF Margin
-56.7%
Burning cash (-56.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
0.9x
Attractive valuation — P/E 0.9

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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