Saturday 17 October 2026
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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. In the quarter to June 2026, revenue fell 10.1%, EPS grew 80.3% and free cash flow fell 187.2%, each against the same quarter a year earlier.
0.63
0.02
−3.08%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 92.00 | 10.66 | 2.25 | 0.71 | 0.46 | 0.70 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 150.00 | 589.80 | 18.58 | 3.54 | 2.05 | 4.55 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 20 | 22 | 32 | 48 | 60 | 71 | 48 | ||||
| Revenue/emp, $m | — | — | 0.00 | 1.21 | 0.74 | 0.62 | 0.09 | 0.37 | 0.30 | 0.09 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 20 | 24 | 16 | 20 | 4 | 22 | 21 | 4 | ||||
| Gross margin, % | — | — | 0.00 | 17.68 | 25.57 | 42.92 | 16.71 | 34.01 | 39.46 | 27.94 | |||||
| EBT | — | — | (6) | (7) | (5) | (118) | (46) | (61) | (4) | (49) | |||||
| EBT margin, % | — | — | (30.87) | (28.69) | (28.79) | (598.44) | (1,031.44) | (277.01) | (19.01) | (1,094.15) | |||||
| Net income | — | — | (4) | (7) | (5) | (119) | (46) | (61) | (4) | (49) | |||||
| Depreciation | — | — | — | 0 | 0 | 52 | 1 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 45.88 | 48.51 | 38.88 | 14.15 | 0.69 | 2.44 | 2.29 | 0.21 | ||||
| Earnings | — | — | (11.23) | (16.11) | (5.87) | (85.06) | (6.22) | (6.52) | (0.43) | (2.22) | |||||
| Cash flow | — | — | 18.07 | 11.91 | 0.76 | (11.93) | (4.89) | 0.83 | 0.56 | (0.28) | |||||
| Capex | — | — | 0.00 | (0.01) | (0.05) | (18.29) | (1.02) | 0.00 | (0.01) | (0.01) | |||||
| Free cash flow | — | — | 18.07 | 11.91 | 0.71 | (30.22) | (5.91) | 0.82 | 0.55 | (0.29) | |||||
| Book value | — | — | 45.13 | 44.44 | 234.66 | 121.71 | 22.82 | 10.70 | 9.77 | 6.07 | |||||
| Shares, m | — | — | 0 | 1 | 0 | 1 | 7 | 9 | 9 | 21 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | 5.45 | 5.45 | 3.08 | 0.79 | 3.87 | 0.46 | 0.45 | 16.43 | |||||
| P/B | — | — | 0.78 | 0.78 | 0.51 | 0.09 | 0.12 | 0.11 | 0.10 | 0.57 | |||||
| EV/Sales | — | — | 4.70 | 4.70 | 1.17 | (2.25) | (0.12) | (1.73) | (0.86) | 10.92 | |||||
| EV/FCF | — | — | (14.21) | (14.21) | 64.34 | 1.05 | 0.01 | (5.14) | (3.58) | (8.00) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | 8 | 6 | 0 | (17) | (32) | 7 | 5 | (6) | ||||
| Capex | — | — | 0 | 0 | 0 | (26) | (7) | 0 | 0 | 0 | |||||
| Free cash flow | — | — | 8 | 6 | 0 | (42) | (39) | 7 | 5 | (6) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | (2) | 30 | 61 | 19 | 55 | 37 | 26 | ||||
| Total debt | — | — | 10 | 6 | 4 | 2 | — | — | — | — | |||||
| Net debt | — | — | 2 | (7) | (32) | (61) | (19) | (49) | (28) | (25) | |||||
| Shareholders’ equity | — | — | 20 | 22 | 98 | 170 | 149 | 97 | 90 | 130 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | (11.80) | (14.58) | (4.39) | (70.79) | (23.98) | (42.13) | (3.56) | (40.64) | ||||
| ROIC | — | — | 0.00 | (28.93) | (2.06) | (8.56) | (3.40) | (3.77) | (4.15) | (9.07) | |||||
| ROE | — | — | (28.28) | (27.92) | (5.24) | (77.03) | (25.39) | (48.03) | (4.24) | (43.13) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| FPH Five Point Holdings, LLC | $484.8M | 5.8× | 38.8× | +86.03% (above 0%: growing) | +200.00% (above 0%: growing) | +85.60% (above 0%: growing) | 48.27% | (54.55%) | Compare |
| OZ Belpointe PREP, LLC | $150.1M | — (loss-making) | — (loss-making) | +168.08% (above 0%: growing) | n/m | +81.31% (above 0%: growing) | 7.71% | (176.11%) | Compare |
| AXR AMREP Corporation | $107.8M | 17.9× | 14.3× | −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 | $88.4M | 5.1× | — (loss-making) | +26.09% (above 0%: growing) | n/m | +225.63% (above 0%: growing) | 100.00% | 189.88% | Compare |
| AEI Alset Inc. | $25.1M | — (loss-making) | — (loss-making) | −10.05% (below 0%: shrinking) | n/m | −187.23% (below 0%: shrinking) | 8.49% | (181.43%) | |
| MRNO Murano Global BV | $19.4M | 3.6× | — | — | n/m | +87.89% (above 0%: growing) | 35.30% | 4.38% | Compare |
| LRE Lead Real Estate Co., Ltd. Unsponsored ADR | $15.3M | 1.8× | 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. | $6.0M | — (loss-making) | — (loss-making) | +203.45% (above 0%: growing) | n/m | −785.51% (below 0%: shrinking) | 31.90% | (70.40%) | Compare |
| TPHS Trinity Place Holdings Inc. | $4.0M | 0.3× | — | −73.23% (below 0%: shrinking) | n/m | +81.04% (above 0%: growing) | 93.73% | (102.41%) | Compare |
| Median of peers | $53.9M | 4.4× | 14.3× | +26.09% | +33.33% | +83.46% | 36.20% | (28.62%) |
Alset Inc. (AEI) key facts
- Concern: Alset Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 million, down 78.8% from fiscal 2024.
- Alset Inc. (AEI) is a Real Estate Development company in the Real Estate sector, listed on Nasdaq.
- As of October 16, 2026, AEI traded at $0.63, a market capitalization of $25.1 million.
- Return on equity was −43.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 2 out of 9 for fiscal 2025.