AMREP Corporation (AXR) vs Smith Douglas Homes Corp. (SDHC)

AMREP Corporation and Smith Douglas Homes Corp. are both Real Estate Development companies. Smith Douglas Homes Corp. is the larger, with a market value of $533.7M against $120.5M — 4.4× the size. Smith Douglas Homes Corp. trades at the lower P/E: 14.3× against 20.3×. Smith Douglas Homes Corp. grew revenue faster over the last twelve months: −1.19% against −15.3%. AMREP Corporation has the higher net margin (14.3% vs 0.64%) and the lower return on invested capital (4.13% vs 7.13%). Across the 18 metrics below, Smith Douglas Homes Corp. leads on 10 and AMREP Corporation on 8.

Valuation

Metric AXR SDHC Real Estate Development median
P/E 20.34 14.35 7.17
P/S 2.91 0.09 1.63
P/B 0.85 0.20 0.70
Price to free cash flow n/m 2.56 7.76
EV/EBITDA 11.00 1.39 11.00
EV/Sales 1.71 0.07 2.43
Earnings yield 4.92% 6.97% 7.33%
Free cash flow yield (0.31%) 39.10% (1.59%)

Profitability

Metric AXR SDHC Real Estate Development median
Gross margin 38.17% 19.47% 29.60%
Operating margin 14.82% 4.77% (2.67%)
Net margin 14.31% 0.64% 3.36%
Free cash flow margin (0.89%) 3.38% (0.89%)
Return on equity 4.26% 1.52% 0.56%
Return on assets 4.10% 1.11% 1.11%
Return on invested capital 4.13% 7.13% 0.00%

Growth

Metric AXR SDHC Real Estate Development median
Revenue growth (TTM) (15.29%) (1.19%) 11.77%
EPS growth (last fiscal year) (19.41%) (34.25%) —
Revenue growth, 5-year CAGR 5.69% — 5.69%
Net income growth, 5-year CAGR 6.84% — 0.00%

Health

Metric AXR SDHC Real Estate Development median
Debt to equity 0.00 0.00 0.37
Current ratio 11.04 0.12 0.63
Net debt to EBITDA (4.15) (0.16) 1.81

Dividend

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

Size

Metric AXR SDHC Real Estate Development median
Market cap 120.50m 533.70m 178.40m

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