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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%
Market cap
$25.1M
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
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 90.49%

Capital & Financial Ratios $m

Market Cap 25.08
Revenue 4.27
Net Income (42.10)
Free Cash Flow (8.84)
Net Debt (12.33)
Current Ratio 10.72
Debt/Equity 0.00
P/E ratio 0.00
Fwd P/E (1.64) (negative: loss-making)
P/S ratio 5.73
P/B ratio 0.20
Past 5Y EPS Growth —
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (90.41%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.0×, against a ten-year median of −0.6×; over the ten years it ranged from −2.5× in 2022 to 11.6× in 2026.
P/S against its own 10 years 80.41%
10-year low 10-year high
P/B against its own 10 years 59.19%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

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%)

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.

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 (85.06)
’20 4.51 (4.99) (26.99) 15.26 (12.21)
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

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
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.

All 10 years →

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%)

All 15 Real Estate Development stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Alset Inc. (AEI) Latest News

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stockrow.com/AEI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com