Amrep Corp.

Real Estate
Homebuilding
www.amrepcorp.com

Earnings Score
Moat Score
Safety Score

Market Cap $196.43M
PE 21
Debt $34.00K
Cash $40.90M
EV $155.57M
FCF $19.13M

Earnings

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Sales & Net Margins

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Earnings	$9.41M
EBIT	$11.63M
ROE	8%
ROA	9%
FCF	$19.13M
Equity	$122.17M
Growth Stability	-1K%
PE	20.88
PEG	-4.45
PB	1.61
P/FCF	10.27
P/S	3.26
Price/Cash	0.21
Debt/Equity	0
Debt/FCF	0
Net Margins	21%
Op. Margins	19%
Earnings CAGR	18%
Sales Growth YoY	86%
Sales Growth QoQ	-2%
Sales CAGR	6%
FCF CAGR	13%
Equity CAGR	2%
Earnings Stability	0.24
Earnings Growth YoY	202%

Earnings Growth QoQ	-2%
Earnings CAGR 5Y	-5%
Sales CAGR 5Y	69%
FCF CAGR 5Y	81%
Equity CAGR 5Y	8%
Earnings CAGR 3Y	-7%
Sales CAGR 3Y	-7%
FCF CAGR 3Y	-7%
Equity CAGR 3Y	14%
Market Cap	$196.43M
Revenue	$60.17M
Assets	$127.01M
Total Debt	$34.00K
Cash	$40.90M
Shares Outstanding	5.31M
EV	155.57M
Earnings Score	13%
Moat Score	89%
Safety Score	67%
Final Score	56%
Shares Growth 3y	-11%
Equity Growth QoQ	3%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Amrep Corp through its subsidiaries is engaged in the Real estate business. Its activities include land sales and lease activities, which involve the obtaining of approvals and the sale of both developed and undeveloped lots to homebuilders, commercial users, and others, as well as investments in commercial and investment properties. Its operating segments include Land development and Homebuilding. The firm generates a majority of revenue from the Land development segment. Geographically, all the activities are carried out throughout the United States.

SEC Filings

Direct access to Amrep Corp. (AXR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Jul 31
- 10-K Apr 30
- 10-Q Jan 31
2023
- 10-Q Oct 31
- 10-Q Jul 31
- 10-K Apr 30
- 10-Q Jan 31
2022
- 10-Q Oct 31
- 10-Q Jul 31
- 10-K Apr 30
- 10-Q Jan 31

Sector Comparison

How does Amrep Corp. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 18%

Stability 24%

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Amrep Corp. Discounted Cash Flow

Fully customizable DCF calculator online for Amrep Corp..

Years

Calculation mode

= $467M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$19M	$22M	$24M	$27M	$31M	$35M	$39M	$45M	$50M	$57M	$64M	$640M
DCF		$20M	$20M	$21M	$21M	$22M	$22M	$23M	$23M	$24M	$25M	$247M
Value	$467M

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	04/2015	04/2016	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Net Margins	23%	-25%	-0%	1%	12%	-31%	18%	25%	45%	13%	21%
ROA	-	-13%	1%	3%	-3%	-8%	10%	23%	7%	7%	9%
ROE	-	-12%	-0%	0%	2%	-7%	8%	19%	20%	6%	8%

Good Net Margins (21.29%)

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.

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	04/2015	04/2016	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	TTM
Debt over FCF	-	4.85	0	-	-	5.15	0.28	0.14	0.01	0	0
Debt over Equity	0.2	0.16	0	-	-	0.05	0.04	0.02	0	0	0
Growth Stability	-	-	-	66%	-	-1K%	-	100%	100%	45%	-1K%

Good Debt/FCF ratio (0)

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.

Bad Graham’s Stability (-1K%)

The company has a bad stability in its earnings, which is a sign of a bad 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	04/2015	04/2016	04/2017	04/2018	04/2019	04/2020	04/2021	04/2022	04/2023	04/2024	CAGR 5Y
Revenue YoY growth	-	-16%	2%	-5%	-68%	46%	113%	56%	-22%	6%	69%
Earnings YoY growth	-	-190%	-100%	-2K%	542%	-487%	-225%	115%	37%	-69%	-5%
Equity YoY growth	-	-11%	2%	2%	4%	-6%	5%	-6%	33%	6%	8%
FCF YoY growth	-	-70%	282%	-96%	49%	29%	2K%	13%	-56%	64%	81%