Alset Inc.

Finance
Real Estate
www.alsetinc.com

Moat Score
Safety Score

Market Cap $10.69M
PE -0
Debt $137.92K
Cash $17.63M
EV -$6.80M
FCF -$9.54M

Earnings

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Sales & Net Margins

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Earnings	-$41.11M
EBIT	-$9.86M
ROE	-44%
ROA	-10%
FCF	-$9.54M
Equity	$93.40M
Growth Stability	1
PE	-0.26
PB	0.11
P/FCF	-1.12
P/S	0.81
Price/Cash	1.65
Debt/Equity	0
Debt/FCF	-0.01
Net Margins	-57%
Gross Margins	24%
Op. Margins	-75%
Sales Growth YoY	401%
Sales Growth QoQ	340%
Sales CAGR	-3%
FCF CAGR	2%
Equity CAGR	37%
Earnings Growth YoY	-109%

Earnings Growth QoQ	-228%
Sales CAGR 5Y	-3%
FCF CAGR 5Y	3%
Equity CAGR 5Y	28%
Earnings CAGR 3Y	15%
Sales CAGR 3Y	15%
Equity CAGR 3Y	-25%
Market Cap	$10.69M
Revenue	$13.19M
Assets	$98.79M
Total Debt	$137.92K
Cash	$17.63M
Shares Outstanding	9.24M
EV	-6.8M
Moat Score	2%
Safety Score	65%
Working Capital	53.71M
Current Ratio	16.94
Gross Profit	$3.19M
Shares Growth 3y	27%
Equity Growth QoQ	7%
Equity Growth YoY	-27%

Assets & ROA

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Stockholders Equity & ROE

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Alset EHome International Inc is a holding company. It is engaged in real estate, financial services, digital transformation technology, and biohealth activities. The company operates in four business segments namely, Real Estate, Digital Transformation Technology, Biohealth Business, and other business activities. It generates most of the revenue from the Real Estate segment.

SEC Filings

Direct access to Alset Inc. (AEI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Alset Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Alset Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Alset Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Alset Inc..

Years

Calculation mode

= -$109M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$9.5M	-$9.7M	-$9.9M	-$10M	-$10M	-$10M	-$11M	-$11M	-$11M	-$11M	-$12M	-$115M
DCF		-$8.8M	-$8.2M	-$7.6M	-$7M	-$6.5M	-$6M	-$5.6M	-$5.2M	-$4.8M	-$4.4M	-$44M
Value	-$109M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-33%	-27%	-601%	-1K%	-277%	-57%
ROA	-	-2%	-8%	-5%	-2%	-10%
ROE	-	-5%	-70%	-31%	-63%	-44%

Bad Net Margins (-57.45%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.4	-0.02	-0.01	0.02	-0.01
Debt over Equity	0.01	0.01	0	0	0	0
Growth Stability	-	-	-	-	-	1

Good Debt/FCF ratio (-0.01)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-33%	22%	-77%	393%	-3%
Earnings YoY growth	-	-45%	3K%	-61%	33%	-
Equity YoY growth	-	326%	80%	-13%	-35%	28%
FCF YoY growth	-	-69%	-927%	93%	-121%	3%