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%
Market cap
$19.5M
P/E
0.0×
Fwd P/E
−1.6×
Dividend yield
—
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 90.49%

Capital & Financial Ratios $m

Size
Market Cap 19.45
Revenue ttm 4.27
Net income ttm (42.10)
Free cash flow ttm (8.84)
Net debt Q (12.33)
Valuation
P/E 0.00
Forward P/E (1.64) (negative: loss-making)
Price / sales 4.46
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.16
Financial health
Current ratio Q 10.72
Debt / equity Q 0.00
Interest coverage Q (527.47)
Growth
Revenue growth Q −10.05% (below 0%: shrinking)
Operating income growth Q +34.92% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A −90.41% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 73.58%
10-year low 10-year high
P/B against its own 10 years 48.23%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 49 28 25 12
Receivables 8 10 2 2
Inventory — — — —
Other — — — —
60 42 32 22
2023 2024 2025 Q'26
Payables 4 4 5 2
ST’ Debt — — — —
Other — — — —
5 5 6 2

Compound Annual Growth %

10y 5y 3y
Sales (14.08%) (22.74%) (0.07%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 20.53% 5.76% (4.46%)

EPS $

Mar Jun Sep Dec Year
’26 (0.12) (0.14) — — —
’25 (0.78) (0.71) 0.05 (1.41) (2.22)
’24 (0.73) (0.13) 0.19 0.25 (0.43)
’23 (0.46) (0.63) (1.73) (3.66) (6.52)
’22 (1.40) (1.40) (1.76) (2.11) (6.22)
’21 (14.60) (120.60) (3.80) 77.52 (73.85)
’20 4.51 (4.99) (26.99) 15.26 (7.60)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 1 — — —
’25 1 1 1 1 4
’24 6 1 5 9 21
’23 1 19 1 1 22
’22 2 1 1 1 4
’21 6 7 5 3 20
’20 3 2 2 9 16
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (8) — — —
’25 (4) (3) 1 0 (6)
’24 (2) (4) (3) 14 5
’23 (3) 11 1 (1) 7
’22 (5) (11) (12) (4) (32)
’21 (3) (7) 4 (10) (17)
’20 0 0 (1) 1 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (8) — — —
’25 (4) (3) 1 0 (6)
’24 (2) (4) (3) 14 5
’23 (3) 11 0 0 7
’22 (6) (11) (18) (4) (39)
’21 (3) (7) (7) (24) (42)
’21 — — — — (16)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%)

All 12 Real Estate Development stocks →

Alset Inc. (AEI) Latest News

14 Oct

Impact 4 · · GlobeNewswireMT NewswiresCoinDeskJust AutoSouth China Morning PostCryptonewsSouth China Morning PostJust Auto

6 Aug

23 Jun

6 Feb

Impact 3 · · Simply Wall St.
stockrow.com/AEI · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com