Alset Inc. (AEI) vs AMREP Corporation (AXR)

Alset Inc. and AMREP Corporation are both Real Estate Development companies. AMREP Corporation is the larger, with a market value of $120.5M against $31.9M — 3.8× the size. Alset Inc. has negative trailing earnings, so its P/E is not meaningful; AMREP Corporation trades at 20.3×. AMREP Corporation grew revenue faster over the last twelve months: −15.3% against −73.4%. AMREP Corporation has the higher net margin (14.3% vs −951.5%) and the higher return on invested capital (4.13% vs −7.35%). Across the 18 metrics below, AMREP Corporation leads on 17 and Alset Inc. on 1.

Valuation

Metric AEI AXR Real Estate Development median
P/E n/m 20.34 7.17
P/S 7.10 2.91 1.63
P/B 0.25 0.85 0.70
Price to free cash flow n/m n/m 7.76
EV/EBITDA n/m 11.00 11.00
EV/Sales 4.29 1.71 2.43
Earnings yield (207.69%) 4.92% 7.33%
Free cash flow yield (29.15%) (0.31%) (1.59%)

Profitability

Metric AEI AXR Real Estate Development median
Gross margin 29.02% 38.17% 29.60%
Operating margin (302.11%) 14.82% (2.67%)
Net margin (951.45%) 14.31% 3.36%
Free cash flow margin (206.95%) (0.89%) (0.89%)
Return on equity (39.97%) 4.26% 0.56%
Return on assets (38.54%) 4.10% 1.11%
Return on invested capital (7.35%) 4.13% 0.00%

Growth

Metric AEI AXR Real Estate Development median
Revenue growth (TTM) (73.41%) (15.29%) 11.77%
EPS growth (last fiscal year) (416.28%) (19.41%) —
Revenue growth, 5-year CAGR (25.74%) 5.69% 5.69%
Net income growth, 5-year CAGR 0.00% 6.84% 0.00%

Health

Metric AEI AXR Real Estate Development median
Debt to equity 0.00 0.00 0.37
Current ratio 10.72 11.04 0.63
Net debt to EBITDA 1.81 (4.15) 1.81

Dividend

Metric AEI AXR Real Estate Development median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric AEI AXR Real Estate Development median
Market cap 31.90m 120.50m 178.40m

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