Saturday 10 October 2026 Export all AREC data to Excel Powerpack

American Resources Corporation

AREC Basic Materials Coking Coal

In the quarter to December 2025, revenue grew 84.9%, EPS grew 774.2%, free cash flow fell 100.9% and total debt rose 47.4%, each against the same quarter a year earlier.

1.59 0.06 −3.64%
Market cap
$176.5M
P/E
2.4×
Fwd P/E
−6.3×
Dividend yield
0.00%
F-score
5/9
Altman Z
−1.67
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total sells 6.52
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 7 — — — — — — — — — — —
Insider Ownership 1.35%

Capital & Financial Ratios $m

Market Cap 176.50
Revenue 0.00
Net Income 55.39
Free Cash Flow (10.45)
Net Debt (54.69)
Current Ratio 2.19 (at or above 1.5: strong)
Debt/Equity 0.19 (at or below 0.5: strong)
P/E ratio 2.41
Fwd P/E (6.29) (negative: loss-making)
P/S ratio 1,387,662.96 (above 10: high)
P/B ratio 1.49
Past 5Y EPS Growth —
This Y EPS Growth 13.24%
Next Y EPS Growth 193.16% (at or above 15%: strong)
Next Y revenue growth 41.64% (at or above 10%: strong)
Next 5Y EPS Growth (21.64%) (below 0%: weak)

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

Valuation vs history

P/S against its own 10 years 90.81%
10-year low 10-year high
P/B against its own 10 years 1.44%
10-year low 10-year high
EV/Sales against its own 10 years 90.81%
10-year low 10-year high

Dividends

Payout Ratio 0.00
Annual Dividend Rate 0.00
Annual Dividend Yield 0.00%
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2022 2023 2024 2025
Cash 11 35 1 72
Receivables 1 1 82 59
Inventory 0 0 1 —
Other — — — —
13 38 93 134
2022 2023 2024 2025
Payables 12 9 21 54
ST’ Debt 12 54 6 4
Other 3 0 0 —
27 78 166 61

Compound Annual Growth %

10y 5y 3y
Sales (5.86%) (73.16%) (83.62%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 589.17%

Revenue $m

Mar Jun Sep Dec Year
’26 0 0 0 — —
’24 0 0 0 — 0
’23 9 2 6 — 12
’22 9 16 10 5 39
’21 0 0 3 5 8
’20 1 0 0 0 1
’19 7 9 2 6 24
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 (1) (7) (1) (1) (10)
’24 (5) (9) (4) 20 2
’23 (7) (3) (5) (4) (20)
’22 (6) (2) (4) 14 3
’21 (7) (4) (7) (12) (29)
’20 1 (2) (1) (12) (14)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 (1) (7) (2) 0 (10)
’24 (5) (7) (2) 17 2
’23 (8) (2) (4) (7) (22)
’22 (6) (1) 1 26 19
’21 (7) (4) (9) (12) (32)
’20 0 (1) (1) (12) (13)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 (0.08) (0.10) (0.07) 0.91 0.63
’24 (0.09) (0.14) (0.13) (0.14) (0.52)
’23 (0.04) (0.10) (0.03) (0.34) (0.52)
’22 (0.04) (0.04) (0.08) 0.14 (0.02)
’21 (0.14) (0.13) (0.15) (0.18) (0.59)
’20 (0.12) 0.05 0.00 (0.28) (0.35)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
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 — 0.05 0.05 0.47 0.32 1.58 1.15 1.04 0.41 0.38

Analyst estimates 2026–2028

Powerpack
High — 1.00 14.00 12.20 4.93 8.02 3.56 2.16 1.78 7.11
People
People Employees 3 204 227 15 10 10 17 23 23 7
Revenue/emp, $m 0.00 0.10 0.14 1.63 0.11 0.78 2.32 0.51 0.00 0.00
Income, $m
Income, $m Revenue 8 21 32 24 1 8 39 12 0 —
Gross margin, % (17.90) 21.50 20.72 (6.57) (253.83) 8.59 45.06 35.92 (1,456.89) 0.00
EBT (22) (13) (13) (71) (10) (33) (1) (39) (16) (18)
EBT margin, % (290.60) (60.48) (40.47) (289.73) (967.80) (419.12) (3.66) (327.57) (46,807.04) 0.00
Net income (22) (13) (13) (71) (10) (33) (1) (39) (39) 55
Depreciation 2 3 4 14 3 3 4 4 0 0
Per share, $
Per share, $ Revenue 0.00 26.28 8.97 1.02 0.04 0.14 0.59 0.16 0.00 0.00
Earnings (0.90) (15.89) (3.69) (2.94) (0.35) (0.59) (0.02) (0.52) (0.52) 0.63
Cash flow 0.00 (7.12) (0.96) (0.80) (0.47) (0.53) 0.04 (0.26) 0.03 (0.12)
Capex 0.00 (0.22) (0.04) (0.01) 0.01 (0.06) 0.25 (0.03) 0.00 0.00
Free cash flow 0.00 (7.34) (1.00) (0.81) (0.46) (0.58) 0.29 (0.29) 0.03 (0.12)
Book value 0.00 (46.90) (2.62) (1.36) (0.68) (0.04) 0.00 (0.60) (1.05) 1.07
Shares, m 0 1 4 24 29 55 67 75 77 87
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
P/S 0.07 0.00 1.11 0.62 54.03 12.82 2.08 9.73 2,293.98 —
P/B 0.00 0.00 0.00 0.00 0.00 0.00 288.50 0.00 0.00 —
EV/Sales 0.84 0.70 1.74 1.68 72.92 13.27 2.29 12.14 2,619.55 —
EV/FCF 9.73 (2.51) (15.08) (2.10) (5.75) (3.20) 4.64 (6.64) 40.07 —
Cash, $m
Cash, $m Operating cash flow (6) (6) (3) (19) (14) (29) 3 (20) 2 (10)
Capex 0 0 0 0 0 (3) 17 (2) 0 0
Free cash flow (6) (6) (3) (20) (13) (32) 19 (22) 2 (10)
Balance, $m
Balance, $m Working capital (21) (33) (22) (42) (10) (1) (15) (40) (74) 73
Total debt 9 15 22 26 31 15 19 64 12 17
Net debt 9 15 20 26 20 4 8 29 11 (55)
Shareholders’ equity (28) (37) (9) (33) (20) (2) 0 (45) (81) 93
Returns, %
Returns, % ROA (217.41) (71.04) (45.18) (185.18) (27.85) (79.97) (2.93) (63.87) (22.59) 24.60
ROIC 0.00 0.00 (67.82) 0.00 (160,619.14) (1,492.99) (143.78) 0.00 0.00 (18.36)
ROE 160.58 40.17 56.18 338.48 38.91 290.85 140.31 172.30 62.13 903.06
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2024 · latest quarter Dec 2025 · fundamentals updated 28 Sep 2026

Charts ten years each

American Resources Corporation vs peers in Coking Coal (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
HCC Warrior Met Coal $4.7B 22.4× 15.4× +71.31% (above 0%: growing) +1,400.00% (above 0%: growing) +376.32% (above 0%: growing) 31.90% 18.54% Compare
AMR Alpha Metallurgical Resources, Inc. $2.2B — (loss-making) 56.5× −10.43% (below 0%: shrinking) n/m −128.43% (below 0%: shrinking) 9.98% (2.13%) Compare
SXC SunCoke Energy, Inc. $827.5M — (loss-making) 42.2× +9.49% (above 0%: growing) +650.00% (above 0%: growing) −979.59% (below 0%: shrinking) 21.12% 6.10% Compare
METCB Ramaco Resources, Inc. $682.3M — (loss-making) — −5.33% (below 0%: shrinking) n/m +22.91% (above 0%: growing) 11.48% (12.60%) Compare
METC Ramaco Resources, Inc. $495.0M — (loss-making) — (loss-making) −5.33% (below 0%: shrinking) n/m +22.91% (above 0%: growing) 11.48% (12.60%) Compare
AREC American Resources Corporation $176.5M 2.4× — (loss-making) +84.87% (above 0%: growing) n/m −100.92% (below 0%: shrinking) (341.28%) (10,650.55%)
Median of peers $827.5M — 42.2× −5.33% — +22.91% 11.48% (2.13%)

All 6 Coking Coal stocks →

American Resources Corporation (AREC) key facts

  • American Resources Corporation (AREC) is a Coking Coal company in the Basic Materials sector, listed on Nasdaq.
  • As of October 9, 2026, AREC traded at $1.59, a market capitalization of $176.5 million.
  • Return on equity was 903.1% and debt-to-equity 0.19.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −1.67 (distress zone) for fiscal 2024.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Sep 28, 2026.

American Resources Corporation (AREC) Latest News

stockrow.com/AREC · Data as of Sep 28, 2026 · For information only; not investment advice. · © 2026 stockrow.com