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AMREP

NYSE:AXR
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AXR
NYSE
$48M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The last earnings update was 87 days ago. More info.


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AXR Share Price and Events
7 Day Returns
-0.1%
NYSE:AXR
-0.8%
US Commercial Services
-0.3%
US Market
1 Year Returns
-12.4%
NYSE:AXR
22.8%
US Commercial Services
18.6%
US Market
AXR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMREP (AXR) -0.1% 4.3% 5.6% -12.4% -19% 57.6%
US Commercial Services -0.8% 1.1% 2.9% 22.8% 45.7% 83.8%
US Market -0.3% 2.2% 5.6% 18.6% 36.2% 52.2%
1 Year Return vs Industry and Market
  • AXR underperformed the Commercial Services industry which returned 22.8% over the past year.
  • AXR underperformed the Market in United States of America which returned 18.6% over the past year.
Price Volatility
AXR
Industry
5yr Volatility vs Market

Value

 Is AMREP undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AMREP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AMREP.

NYSE:AXR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:AXR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 21%) (1.75%))
0.778
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for NYSE:AXR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMREP is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:AXR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.09%)
2020 0.69 Est @ -64.63% 0.65
2021 0.38 Est @ -44.72% 0.34
2022 0.26 Est @ -30.78% 0.22
2023 0.21 Est @ -21.02% 0.16
2024 0.18 Est @ -14.2% 0.13
2025 0.16 Est @ -9.41% 0.11
2026 0.15 Est @ -6.07% 0.10
2027 0.15 Est @ -3.73% 0.09
2028 0.14 Est @ -2.09% 0.08
2029 0.14 Est @ -0.94% 0.08
Present value of next 10 years cash flows $1.00
NYSE:AXR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $0.14 × (1 + 1.74%) ÷ (6.09% – 1.74%)
$3.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3.32 ÷ (1 + 6.09%)10
$1.84
NYSE:AXR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1.00 + $1.84
$2.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2.84 / 8.14
$0.35
NYSE:AXR Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.35
Current discount Discount to share price of $5.99
= -1 x ($5.99 - $0.35) / $0.35
-1617.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AMREP is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AMREP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMREP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AXR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in USD $-0.25
NYSE:AXR Share Price ** NYSE (2019-12-06) in USD $5.99
United States of America Commercial Services Industry PE Ratio Median Figure of 51 Publicly-Listed Commercial Services Companies 26.44x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.48x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AMREP.

NYSE:AXR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AXR Share Price ÷ EPS (both in USD)

= 5.99 ÷ -0.25

-24.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMREP is loss making, we can't compare its value to the US Commercial Services industry average.
  • AMREP is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does AMREP's expected growth come at a high price?
Raw Data
NYSE:AXR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -24.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.82x
United States of America Market PEG Ratio Median Figure of 2,045 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AMREP, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AMREP's assets?
Raw Data
NYSE:AXR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in USD $11.10
NYSE:AXR Share Price * NYSE (2019-12-06) in USD $5.99
United States of America Commercial Services Industry PB Ratio Median Figure of 88 Publicly-Listed Commercial Services Companies 2x
United States of America Market PB Ratio Median Figure of 5,088 Publicly-Listed Companies 1.78x
NYSE:AXR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AXR Share Price ÷ Book Value per Share (both in USD)

= 5.99 ÷ 11.10

0.54x

* Primary Listing of AMREP.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMREP is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess AMREP's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. AMREP has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AMREP expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AMREP has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.7%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMREP expected to grow at an attractive rate?
  • Unable to compare AMREP's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AMREP's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare AMREP's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:AXR Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:AXR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AXR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-07-31 13 2 -2
2019-04-30 13 1 -2
2019-01-31 3 -2 -2
2018-10-31 4 -2 -5
2018-07-31 3 0 -5
2018-04-30 9 1 -3
2018-01-31 38 4 -2
2017-10-31 38 6 1
2017-07-31 40 9 1
2017-04-30 41 10 0
2017-01-31 41 12 -7
2016-10-31 43 12 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AMREP is high growth as no earnings estimate data is available.
  • Unable to determine if AMREP is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:AXR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AMREP Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AXR Past Financials Data
Date (Data in USD Millions) EPS *
2019-07-31 -0.25
2019-04-30 -0.30
2019-01-31 -0.26
2018-10-31 -0.61
2018-07-31 -0.58
2018-04-30 -0.32
2018-01-31 -0.25
2017-10-31 0.12
2017-07-31 0.10
2017-04-30 0.00
2017-01-31 -0.86
2016-10-31 -0.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AMREP will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine AMREP's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. AMREP's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. AMREP's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess AMREP's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AMREP has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AMREP performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AMREP's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AMREP does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare AMREP's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AMREP's 1-year growth to the US Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
AMREP's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AMREP Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AXR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 13.36 -2.00 4.11
2019-04-30 12.83 -2.47 4.21
2019-01-31 2.55 -2.08 2.96
2018-10-31 3.59 -4.90 3.17
2018-07-31 3.16 -4.67 3.39
2018-04-30 8.93 -2.56 4.05
2018-01-31 38.48 -2.06 6.63
2017-10-31 37.88 0.97 6.64
2017-07-31 40.17 0.80 6.58
2017-04-30 40.87 -0.02 6.56
2017-01-31 40.62 -6.88 6.70
2016-10-31 43.05 -7.63 6.70
2016-07-31 42.80 -8.42 6.97
2016-04-30 41.66 -10.22 7.14
2016-01-31 42.89 -4.97 7.29
2015-10-31 43.91 -4.71 8.16
2015-07-31 47.04 -4.13 8.27
2015-04-30 49.79 -3.58 8.33
2015-01-31 46.39 -1.10 8.51
2014-10-31 53.42 -0.51 8.25
2014-07-31 54.01 -0.60 8.10
2014-04-30 62.20 -0.65 8.83
2014-01-31 76.10 -3.09 10.19
2013-10-31 77.60 -3.38 11.08
2013-07-31 83.92 -2.92 12.35
2013-04-30 83.00 -2.84 12.84
2013-01-31 81.69 -1.96 12.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if AMREP has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AMREP has efficiently used its assets last year compared to the US Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AMREP improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AMREP's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AMREP has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AMREP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AMREP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMREP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AMREP's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AMREP's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 86.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AMREP Company Filings, last reported 4 months ago.

NYSE:AXR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 89.86 0.84 15.59
2019-04-30 89.85 1.32 13.27
2019-01-31 87.97 2.55 14.23
2018-10-31 87.77 1.97 13.99
2018-07-31 87.03 2.07 15.10
2018-04-30 87.13 1.84 10.85
2018-01-31 84.61 0.64 13.85
2017-10-31 86.71 0.00 13.83
2017-07-31 86.36 0.00 13.12
2017-04-30 84.83 0.00 11.81
2017-01-31 83.90 1.59 10.75
2016-10-31 83.68 3.66 11.91
2016-07-31 83.53 6.48 11.30
2016-04-30 82.84 12.94 14.56
2016-01-31 90.91 16.80 13.86
2015-10-31 91.48 17.21 12.40
2015-07-31 92.16 17.84 9.70
2015-04-30 93.32 18.09 12.05
2015-01-31 90.41 18.55 15.16
2014-10-31 90.18 21.35 22.05
2014-07-31 89.92 22.10 9.88
2014-04-30 79.30 19.55 7.57
2014-01-31 79.16 24.50 24.85
2013-10-31 79.05 25.81 27.70
2013-07-31 79.00 28.88 21.87
2013-04-30 72.54 20.98 13.71
2013-01-31 74.32 26.43 17.97
  • AMREP's level of debt (0.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24.6% vs 0.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making AMREP has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making AMREP has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 89.3% per year.
X
Financial health checks
We assess AMREP's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AMREP has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AMREP's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AMREP dividends.
If you bought $2,000 of AMREP shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AMREP's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AMREP's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:AXR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1959 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AMREP has not reported any payouts.
  • Unable to verify if AMREP's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AMREP's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AMREP has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AMREP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AMREP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMREP has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AMREP's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Vitale
COMPENSATION $494,841
AGE 43
TENURE AS CEO 2.3 years
CEO Bio

Mr. Christopher V. Vitale, also known as Chris, has been President & Chief Executive Officer of AMREP Corporation since September 18, 2017 and as its Secretary since March 2013. Mr. Vitale served as the Chief Administrative Officer, Executive Vice President and General Counsel of AMREP Corporation from September 2014 to September 18, 2017. Mr. Vitale served as the Chief Administrative Officer of WorldGate Communications, Inc. from March 13, 2011 to July 29, 2011. He also served as General Counsel, Senior Vice President of Legal and Regulatory and Secretary of WorldGate Communications Inc. until July 29, 2011. He was responsible for managing all legal, secretarial governance, compliance, litigation, securities and governmental affairs for WorldGate. He served as Vice President of AMREP Corporation from March 2013 to September 2014. Previously, Mr. Vitale was with the Philadelphia office of the national law firm of Morgan, Lewis & Bockius LLP. At Morgan, Lewis, his practice focused on corporate and securities matters, including mergers and acquisitions, public and private debt and equity offerings, corporate governance issues and general client counseling. Mr. Vitale's clients included private equity firms and public and emerging growth companies in the distribution, manufacturing, publishing, records management, software and technology, energy, investment management and engineering fields. Prior to Morgan Lewis, he served as Corporate Counsel at Avaya Inc., and began his practice in the New York office of Sullivan & Cromwell LLP. He is admitted to practice law in Pennsylvania, New Jersey, New York and in front of the US Patent and Trademark Office. Mr. Vitale earned his J.D. cum laude from the University of Pennsylvania Law School and his B.S. in accountancy and his B.M.E. in mechanical engineering, both degrees summa cum laude, from Villanova University.

CEO Compensation
  • Chris's compensation has increased whilst company is loss making.
  • Chris's remuneration is about average for companies of similar size in United States of America.
Management Team

Chris Vitale

TITLE
President
COMPENSATION
$495K
AGE
43
TENURE
2.3 yrs

Jim McMonagle

TITLE
VP & CFO
COMPENSATION
$208K
AGE
51
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the AMREP board of directors in years:

6.9
Average Tenure
65
Average Age
  • The tenure for the AMREP board of directors is about average.
Board of Directors

Ed Cloues

TITLE
Chairman of the Board
COMPENSATION
$223K
AGE
71

Bob Robotti

TITLE
Independent Director
COMPENSATION
$88K
AGE
65
TENURE
3.3 yrs

Albert Russo

TITLE
Independent Director
COMPENSATION
$80K
AGE
65
TENURE
23.9 yrs

Theodore Gaasche

TITLE
Independent Director
COMPENSATION
$80K
AGE
57
TENURE
6.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Feb 19 Sell Heinrich Bauer Verlag KG Company 20. Feb 19 20. Feb 19 -15,000 $6.64 $-93,600
02. Jan 19 Sell Robotti & Company, Incorporated Company 27. Dec 18 31. Dec 18 -27,467 $6.27 $-167,533
X
Management checks
We assess AMREP's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AMREP has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does AMREP Corporation (NYSE:AXR) Have A High Beta?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Here's Why AMREP (NYSE:AXR) Might Be Better Off Without Debt

NYSE:AXR Historical Debt, July 19th 2019 A Look At AMREP's Liabilities We can see from the most recent balance sheet that AMREP had liabilities of US$7.02m falling due within a year, and liabilities of US$9.52m due beyond that. … This surplus suggests that AMREP has a conservative balance sheet, and could probably eliminate its debt without much difficulty. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Simply Wall St -

Did Changing Sentiment Drive AMREP's (NYSE:AXR) Share Price Down By 20%?

For example, the AMREP Corporation (NYSE:AXR) share price is down 20% in the last year. … Longer term investors have fared much better, since the share price is up 20% in three years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

What Kind Of Shareholders Own AMREP Corporation (NYSE:AXR)?

See our latest analysis for AMREP NYSE:AXR Ownership Summary, June 12th 2019 What Does The Institutional Ownership Tell Us About AMREP? … Private Company Ownership We can see that Private Companies own 10.0%, of the shares on issue. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

Does The AMREP Corporation (NYSE:AXR) Share Price Fall With The Market?

If you're interested in AMREP Corporation (NYSE:AXR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Update: AMREP Stock Gained57% In The Last Three Years

AMREP isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Shareholders of unprofitable companies usually expect strong revenue growth. … The revenue growth might be lacking but the share price has gained 16% each year in that time.

Simply Wall St -

Do Institutions Own AMREP Corporation (NYSE:AXR) Shares?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … AMREP is a smaller company with a market capitalization of US$59m, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Why AMREP Corporation's (NYSE:AXR) Ownership Structure Is Important

Today, I will be analyzing AMREP Corporation’s (NYSE:AXR) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … NYSE:AXR Ownership Summary July 16th 18

Simply Wall St -

Will AMREP Corporation (NYSE:AXR) Continue To Underperform Its Industry?

Check out our latest analysis for AMREP What you must know about ROE Return on Equity (ROE) weighs AMREP’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of AMREP’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:AXR Last Perf Mar 13th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

AMREP Corporation (NYSE:AXR): Can It Deliver A Superior ROE To The Industry?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:AXR Last Perf Dec 12th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Company Info

Description

AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. As of July 1, 2019, it owned approximately 18,000 acres in Rio Rancho, New Mexico. The company owns tracts of land in Colorado, including 1 property of approximately 160 acres planned for approximately 410 homes. It also owns subsurface oil, gas, and mineral interests covering an area of approximately 55,000 surface acres of land located in Rio Rancho; and 2 tracts of unimproved land covering an area of approximately 8 acres in Palm Coast, Florida. The company was founded in 1961 and is headquartered in Plymouth Meeting, Pennsylvania.

Details
Name: AMREP Corporation
AXR
Exchange: NYSE
Founded: 1961
$48,251,840
8,136,904
Website: http://www.amrepcorp.com
Address: AMREP Corporation
620 West Germantown Pike,
Suite 175,
Plymouth Meeting,
Pennsylvania, 19462,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AXR Common Shares New York Stock Exchange US USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
10
AMREP employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 23:32
End of day share price update: 2019/12/06 00:00
Last earnings filing: 2019/09/11
Last earnings reported: 2019/07/31
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.