Saturday 7 November 2026
Export AEI’s income statement to Excel — free account
Alset Inc.
AEI Real Estate Real Estate Development
Alset Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 million, down 78.8% from fiscal 2024.
- Revenue
- −10.1%
- EPS
- +80.3%
- Free cash flow
- −187.2%
Quarter to June 2026, against a year earlier
0.49
0.01
−2.00%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 20 | 24 | 16 | 20 | 4 | 22 | 21 | 4 | 4 | (19.5%) | — | — | — | — | |
| Gross margin, % | — | — | 0.00 | 17.68 | 25.57 | 42.92 | 16.71 | 34.01 | 39.46 | 27.94 | 29.02 | +27.9 pt | ||||||
| EBT | — | — | (6) | (7) | (5) | (118) | (46) | (61) | (4) | (49) | (42) | +34.0% | ||||||
| EBT margin, % | — | — | (30.87) | (28.69) | (28.79) | (598.44) | (1,031.44) | (277.01) | (19.01) | (1,094.15) | (975.72) | (1,063.3) pt | ||||||
| Net income | — | — | (4) | (7) | (5) | (119) | (46) | (61) | (4) | (49) | (42) | +44.3% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 45.88 | 48.51 | 38.88 | 14.15 | 0.69 | 2.44 | 2.29 | 0.21 | 0.11 | (53.7%) | |||||
| Earnings | — | — | (11.23) | (10.40) | (7.60) | (73.85) | (6.22) | (6.52) | (0.43) | (2.22) | (1.62) | (20.7%) | ||||||
| Cash flow | — | — | 18.07 | 11.91 | 0.76 | (11.93) | (4.89) | 0.83 | 0.56 | (0.28) | (0.22) | n/m | ||||||
| Capex | — | — | 0.00 | (0.01) | (0.05) | (18.29) | (1.02) | 0.00 | (0.01) | (0.01) | 0.00 | n/m | ||||||
| Free cash flow | — | — | 18.07 | 11.91 | 0.71 | (30.22) | (5.91) | 0.82 | 0.55 | (0.29) | (0.23) | n/m | ||||||
| Book value | — | — | 45.13 | 44.44 | 234.66 | 121.71 | 22.82 | 10.70 | 9.77 | 6.07 | 3.14 | (24.9%) | ||||||
| Shares, m | — | — | 0 | 1 | 0 | 1 | 7 | 9 | 9 | 21 | 33 | +73.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | 5.45 | 5.45 | 3.08 | 0.79 | 3.87 | 0.46 | 0.45 | 16.43 | 4.46 | 4.5 | ||||||
| P/B | — | — | 0.78 | 0.78 | 0.51 | 0.09 | 0.12 | 0.11 | 0.10 | 0.57 | 0.16 | 0.4 | ||||||
| EV/Sales | — | — | 4.64 | 4.64 | 1.17 | (2.25) | (0.12) | (1.73) | (0.86) | 10.92 | 1.73 | 2.1 | ||||||
| EV/FCF | — | — | (14.04) | (14.04) | 64.34 | 1.05 | 0.01 | (5.14) | (3.58) | (8.00) | (0.83) | 2.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 8 | 6 | 0 | (17) | (32) | 7 | 5 | (6) | (9) | n/m | |||||
| Capex | — | — | 0 | 0 | 0 | (26) | (7) | 0 | 0 | 0 | 0 | +28.3% | ||||||
| Free cash flow | — | — | 8 | 6 | 0 | (42) | (39) | 7 | 5 | (6) | (9) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | (2) | 30 | 61 | 19 | 55 | 37 | 26 | 20 | n/m | |||||
| Net debt | — | — | 2 | (7) | (32) | (61) | (19) | (49) | (28) | (25) | (12) | n/m | ||||||
| Shareholders’ equity | — | — | 20 | 22 | 98 | 170 | 149 | 97 | 90 | 130 | 122 | +30.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (11.80) | (14.58) | (4.39) | (70.79) | (23.98) | (42.13) | (3.56) | (40.64) | (38.54) | (28.8) pt | |||||
| ROIC | — | — | 0.00 | (28.93) | (2.06) | (8.56) | (3.40) | (3.77) | (4.15) | (9.07) | (7.35) | (9.1) pt | ||||||
| ROE | — | — | (28.28) | (27.92) | (5.24) | (77.03) | (25.39) | (48.03) | (4.24) | (43.13) | (39.97) | (14.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 20 | 22 | 32 | 48 | 60 | 71 | 48 | — | +15.7% | |||||
| Revenue/emp, $m | — | — | 0.00 | 1.21 | 0.74 | 0.62 | 0.09 | 0.37 | 0.30 | 0.09 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Alset Inc. vs peers in Real Estate Development (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SDHC Smith Douglas Homes Corp. | $524.6M | 18.0× | 43.6× | +0.18% (above 0%: growing) | −70.83% (below 0%: shrinking) | −263.00% (below 0%: shrinking) | 16.27% | 0.00% | Compare |
| FPH Five Point Holdings, LLC | $470.0M | 10.4× | 38.8× | +8.36% (above 0%: growing) | n/m | −146.39% (below 0%: shrinking) | 51.05% | (34.73%) | Compare |
| OZ Belpointe PREP, LLC | $132.2M | — (loss-making) | — (loss-making) | +165.62% (above 0%: growing) | n/m | +86.19% (above 0%: growing) | 19.96% | (140.87%) | Compare |
| AXR AMREP Corporation | $112.5M | 19.4× | 27.1× | −66.10% (below 0%: shrinking) | −94.32% (below 0%: shrinking) | −138.27% (below 0%: shrinking) | 37.10% | (2.69%) | Compare |
| LPA Logistic Properties of the Americas | $72.3M | 4.3× | 8.4× | +26.09% (above 0%: growing) | n/m | +225.63% (above 0%: growing) | 100.00% | 189.88% | Compare |
| AEI Alset Inc. | $19.5M | — (loss-making) | — (loss-making) | −10.05% (below 0%: shrinking) | n/m | −187.23% (below 0%: shrinking) | 8.49% | (181.43%) | |
| MRNO Murano Global BV | $15.3M | 2.4× | — | — | n/m | +87.89% (above 0%: growing) | 35.30% | 4.38% | Compare |
| LRE Lead Real Estate Co., Ltd. Unsponsored ADR | $15.0M | 1.9× | 5.4× | +20.40% (above 0%: growing) | +33.33% (above 0%: growing) | +270.92% (above 0%: growing) | 0.00% | 0.00% | Compare |
| RENX RenX Enterprises Corp. | $3.0M | — (loss-making) | — (loss-making) | +203.45% (above 0%: growing) | n/m | −785.51% (below 0%: shrinking) | 31.90% | (70.40%) | Compare |
| Median of peers | $92.4M | 7.3× | 27.1× | +20.40% | −70.83% | −26.04% | 33.60% | (1.34%) |