AMREP Corporation (AXR) AI Stock Analysis

NYSE: AXRAI research summary: business, growth, valuation, analysts, bull and bear case.

AXR AI stock analysis summary

AI Research

AMREP Corporation (AXR) is a land development and homebuilding company operating primarily in New Mexico and Colorado. In FY2026, the company generated $52.8M in revenue and $10.3M in net income, while maintaining a strong balance sheet with $48.7M in net cash. However, revenue fell 66.1% year-over-year in the latest quarter ending July 31, 2026.

Market cap
$104.8M
Revenue (TTM)
$41.0M
P/E
18.2x
fwd 37.6x
1Y return
-17.3%
S&P 500 16.8%
Avg. target
$22.00
11.8% vs last close

Bull case

  • AMREP holds a strong balance sheet with $48.7M in net cash and total debt of only $17,000 as of July 31, 2026.
  • The company trades at a price-to-book ratio of 0.9x and an EV-to-EBITDA multiple of 11.5x, below the US-listed Real Estate peer median of 14.7x.
  • Over the past five years, AMREP reduced its share count by 27.0% while generating $12.8M in free cash flow in FY2026.

Bear case

  • In the quarter ending July 31, 2026, quarterly revenue fell 66.1% and earnings dropped 94.3% year-over-year.
  • Analyst estimates project revenue to fall to $35.2M and EPS to drop 59.7% to $0.77 for the fiscal year ending April 30, 2027.
  • The stock underperformed broader markets with a 1-year return of -17.3% compared to a 16.8% return for the S&P 500.

What AMREP does

AMREP Corporation operates primarily in the real estate sector across two segments: Land Development and Homebuilding. The company sells developed and undeveloped lots to homebuilders as well as commercial and industrial developers. Its holdings include approximately 17,000 acres in Sandoval County, New Mexico, and a 160-acre property in Brighton, Colorado, alongside mineral rights covering about 55,000 surface acres in Sandoval County and roughly 147 surface acres in Brighton. Through its homebuilding segment, AMREP develops and sells single-family detached and attached homes, providing a direct market path for its residential lots.

Growth and profitability

Over the five years through FY2026, AMREP achieved a revenue compound annual growth rate of 5.7%. Annual revenue rose 6.3% in FY2026 to $52.8M, following a 3.3% decline in FY2025 to $49.7M and 5.5% growth in FY2024 to $51.4M. Gross margin stood at 58.7% in FY2026, while operating margin reached 23.4% and net income totaled $10.3M, or $1.90 per share. Operating cash flow in FY2026 was $12.9M and free cash flow was $12.8M. For the latest quarter ending July 31, 2026, performance softened considerably, with quarterly revenue falling 66.1% and earnings dropping 94.3% year-over-year, leading to a trailing twelve-month operating margin of -2.7%.

AXR income statement →

Balance sheet and cash flow

As of July 31, 2026, AMREP held $48.7M in cash and short-term investments against total debt of $17,000, leaving net cash at $48.7M. The company reported shareholders' equity of $141.1M, a debt-to-equity ratio of 0.00, and a current ratio of 9810.00. Capital expenditures were modest at $102,000 in FY2026, while free cash flow reached $12.8M. Additionally, the company reduced its share count by 27.0% over the trailing five-year period.

AXR balance sheet →

Valuation and performance

At a last close of $19.68 on October 16, 2026, AMREP had a market capitalization of $104.8M and an enterprise value of $73.3M. It traded at a trailing P/E of 18.2x, below the 21.6x median of its US-listed Real Estate peers. Its forward P/E of 37.6x stands above the peer median of 23.5x, while its price-to-book ratio is 0.9x and EV-to-EBITDA is 11.5x versus the peer median of 14.7x. Over the past year, AXR returned -17.3%, lagging the S&P 500 return of 16.8%.

AXR key metrics →

What analysts expect

Coverage of AMREP is limited, with 1 analyst rating the stock as a Hold and 0 Buy or Sell ratings. The mean price target of $22.00 implies an upside of 11.8% from the last close of $19.68. For the current fiscal year ending April 30, 2027, the analyst forecasts revenue of $35.2M and EPS of $0.77, reflecting an expected EPS decline of 59.7%. AMREP beat EPS estimates in 1 of the last 4 quarters.

AXR forecast and price target →

Key risks and what to watch

  • Operating profitability is volatile, as trailing twelve-month operating margin turned negative at -2.7%.
  • Short-term revenue momentum deteriorated sharply with a 66.1% quarterly year-over-year revenue drop on July 31, 2026.
  • The company's stock has a beta of 1.15 and trades 18.9% below its 200-day moving average, signaling price volatility.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this AXR AI stock analysis

This page is an AI-written research summary of AMREP Corporation (AXR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: AXR income statement, AXR balance sheet, AXR key metrics, AXR analyst forecast, AXR chart. See the AXR stock overview for the latest quote and news.

AXR AI stock analysis FAQ

What does AMREP Corporation do?

AMREP Corporation operates land development and homebuilding businesses. It owns approximately 17,000 acres and mineral rights on about 55,000 surface acres in New Mexico, as well as land and mineral interests in Colorado.

Does AMREP pay a dividend?

The company's recent filings do not report dividend payments. Instead, capital allocation has included reducing share count by 27.0% over five years.

What is AMREP's net cash position?

As of July 31, 2026, AMREP held $48.7M in cash and short-term investments alongside total debt of just $17,000, resulting in net cash of $48.7M.

How is AXR valued compared to real estate peers?

AXR trades at an EV-to-EBITDA of 11.5x compared to the US-listed Real Estate peer median of 14.7x. Its trailing P/E of 18.2x is also below the peer median of 21.6x, though its forward P/E of 37.6x exceeds the peer median of 23.5x.

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