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Alset Inc. (AEI) 10-Year Financial Performance & Capital Metrics

AEI • • REIT / Real Estate
Real EstateReal Estate DevelopmentDiversified Real Estate OperationsTechnology-Enabled Real Estate
AboutAlset Inc. engages in real estate development business in the United States, Singapore, Hong Kong, Australia, South Korea, and the People's Republic of China. It operates through Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments. The Real Estate segment develops property projects and participates in third-party property development projects; and owns, operates, and manages real estate development projects, including land subdivision developments and house rental projects. The Digital Transformation Technology segment provides support, implementation, and development services with various technologies, including blockchain, e-commerce, social media, artificial intelligent customer service applications, and metaverse services. Its technology platform focuses on business-to-business solutions, such as communications and workflow through instant messaging systems, social media, e-commerce and payment systems, direct marketing platforms, e-real estate, brand protection, and counterfeit and fraud detection; and mobile application product development and other businesses, including information technology services to end-users, service providers, and other commercial users through multiple platforms. The Biohealth segment engages in developing, researching, testing, manufacturing, licensing, and distributing biohealth products and services through retail, direct selling, network marketing, and e-commerce. The Other Business Activities segment provides corporate strategy and business development, food and beverage, asset management, corporate restructuring, and leveraged buy-out services; and operates cafes and restaurants, and a portfolio of trading securities. It engages in consumer products business and financial services. The company was formerly known as Alset EHome International Inc. and changed its name to Alset Inc. in October 2022. The company was incorporated in 2018 and is headquartered in Bethesda, Maryland.Show more
  • Revenue $21M -4.4%
  • FFO -$3M +95.3%
  • FFO/Share -0.30 +95.4%
  • FFO Payout 0% +100.0%
  • FFO per Share -0.30 +95.4%
  • NOI Margin 39.46% +16.0%
  • FFO Margin -12.97% +95.0%
  • ROE -3.82% +91.4%
  • ROA -3.56% +91.6%
  • Debt/Assets 3.06% +130.7%
  • Net Debt/EBITDA -
  • Book Value/Share 9.77 -24.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FFO growing 70.1% TTM
  • ✓Momentum leader: RS Rating 94 (top 6%)
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Low NOI margin of 39.5%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-2.74%
3Y2.17%
TTM-8.21%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM67.86%

EPS CAGR

10Y-
5Y-
3Y-
TTM72.13%

ROCE

10Y Avg-8.85%
5Y Avg-5.01%
3Y Avg-3.5%
Latest-3.93%

Peer Comparison

Technology-Enabled Real Estate
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
SGDSafe and Green Development Corporation1.62M0.18-0.02-277.31%-6.95%11.95
AEIAlset Inc.124.11M3.19-7.42-4.4%-105.02%-7.74%4.07%0.03

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+1.23M10.76M20.38M24.26M16.24M19.8M4.48M22.09M21.12M
Revenue Growth %-7.72%0.89%0.19%-0.33%0.22%-0.77%3.93%-0.04%
Property Operating Expenses1.02M7.53M15.53M19.97M12.09M11.3M3.73M14.58M12.78M
Net Operating Income (NOI)+---------
NOI Margin %---------
Operating Expenses+5.96M8.13M7.62M11.23M6.34M23.49M7.84M10.38M12.45M
G&A Expenses4.28M7.78M7.16M5.86M6.34M23.49M7.84M9.53M10.84M
EBITDA+-5.16M-4.84M17.87M-6.85M-1.83M-14.22M-6.13M-1.66M-2.89M
EBITDA Margin %---------
Depreciation & Amortization+89K58.03K22.1M97.01K357.85K777.7K963.08K1.22M1.23M
D&A / Revenue %---------
Operating Income+-5.25M-4.9M-4.23M-6.94M-2.18M-14.99M-7.09M-2.87M-4.12M
Operating Margin %---------
Interest Expense+00509.21K372.9K-317.28K1.85K3.98K112.08K
Interest Coverage---8.31x-18.62x--47.26x-3825.89x-721.95x-36.74x
Non-Operating Income02.55M2.61M-355.38K2.34M103.17M39.12M-855.85K-214.12K
Pretax Income+-5.75M-7.45M-7.39M-6.96M-4.67M-118.48M-46.21M-61.19M-4.02M
Pretax Margin %---------
Income Tax+585.71K-588.66K-2.65M431.39K8.54K534.01K092.35K150.79K
Effective Tax Rate %---------
Net Income+-6.34M-4.31M-4.99M-5.23M-3.15M-103.32M-40.49M-58.95M-3.97M
Net Margin %---------
Net Income Growth %-0.32%-0.16%-0.05%0.4%-31.78%0.61%-0.46%0.93%
Funds From Operations (FFO)+---------
FFO Margin %---------
FFO Growth %-0.32%5.03%-1.3%0.46%-35.7%0.61%-0.46%0.95%
FFO per Share+---------
FFO Payout Ratio %---------
EPS (Diluted)+-12.68-8.17-7.58-9.14-6.55-85.06-6.22-6.52-0.43
EPS Growth %-0.36%0.07%-0.21%0.28%-11.99%0.93%-0.05%0.93%
EPS (Basic)-12.68-8.17-7.58-9.14-6.55-85.06-6.22-6.52-0.43
Diluted Shares Outstanding500.05K500.05K500.05K500.05K417.62K1.4M6.51M9.04M9.24M

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+57.76M60.18M48.7M35.87M107.71M184.21M153.49M126.31M96.76M
Asset Growth %-0.04%-0.19%-0.26%2%0.71%-0.17%-0.18%-0.23%
Real Estate & Other Assets+51.2M50.66M-9.79M23.88M21.6M40.56M55.16M68.58M34.94M
PP&E (Net)136.09K122.57K103.42K226.34K660.12K923.54K2.91M2.21M2.06M
Investment Securities000000000
Total Current Assets+6.43M9.4M9.69M11.76M85.46M142.73M95.42M55.46M59.76M
Cash & Equivalents2.65M1.24M1.39M2.77M24.97M56.06M17.83M26.92M27.24M
Receivables193.38K905.86K564.76K852.12K1000K1000K1000K1000K1000K
Other Current Assets2.67M2.93M4.2M4.59M8.06M4.74M694.52K967.57K939.94K
Intangible Assets000000000
Total Liabilities36.24M25.43M19.5M13.65M9.72M13.92M4.83M9.07M6.56M
Total Debt+25.2M17.1M10.49M5.69M3.92M1.82M1.82M1.67M2.96M
Net Debt22.55M15.86M9.1M2.91M-21.05M-54.24M-16M-25.25M-24.29M
Long-Term Debt10.52M8.79M9.02M4.97M636.36K00126.18K93.24K
Short-Term Borrowings1000K1000K1000K567.11K1000K1000K194.51K47.61K1000K
Capital Lease Obligations000150.19K574.75K667.34K1.63M1.5M1.53M
Total Current Liabilities+19.26M12.76M7.9M7.03M8.89M13.54M3.24M8.11M5.48M
Accounts Payable4.58M2.33M4.32M4M1.67M11.34M2.98M4.37M3.61M
Deferred Revenue0114.11K85K258.59K0728.34K21.2K2.1K0
Other Liabilities6.46M00000000
Total Equity+21.52M34.75M29.2M22.22M97.99M170.29M148.66M117.25M90.2M
Equity Growth %-0.61%-0.16%-0.24%3.41%0.74%-0.13%-0.21%-0.23%
Shareholders Equity13.29M23.02M20.05M15.25M59.97M148.38M137.65M108.65M81.33M
Minority Interest8.23M11.72M9.16M6.98M38.02M21.91M11.01M8.6M8.87M
Common Stock10K10K10K10K8.57K87.37K7.42K20.47M9.23K
Additional Paid-in Capital40.67M51.32M53.72M54.26M102.73M296.18M322.53M332.46M334.02M
Retained Earnings-28.54M-32.24M-35.26M-40.49M-44.91M-148.23M-188.72M-247.89M-251.85M
Preferred Stock000000000
Return on Assets (ROA)-0.11%-0.07%-0.09%-0.12%-0.04%-0.71%-0.24%-0.42%-0.04%
Return on Equity (ROE)-0.29%-0.15%-0.16%-0.2%-0.05%-0.77%-0.25%-0.44%-0.04%
Debt / Assets0.44%0.28%0.22%0.16%0.04%0.01%0.01%0.01%0.03%
Debt / Equity1.17x0.49x0.36x0.26x0.04x0.01x0.01x0.01x0.03x
Net Debt / EBITDA--0.51x------
Book Value per Share43.0369.4858.4044.44234.65121.7122.8212.979.77

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-17.75M-7.15M8.03M5.96M317.61K-16.68M-31.86M7.48M5.16M
Operating CF Growth %-0.6%2.12%-0.26%-0.95%-53.53%-0.91%1.23%-0.31%
Operating CF / Revenue %---------
Net Income-5.75M-6.86M-7.39M-7.39M-5.1M-119.02M-46.21M-61.28M-4.17M
Depreciation & Amortization89K58.03K41.2K97.01K357.85K777.7K963.08K1.22M1.23M
Stock-Based Compensation-89.33K0001.56M134.19K000
Other Non-Cash Items-1.06M2.54M4.05M4.5M1.85M50.87M40.25M62.56M3.48M
Working Capital Changes-10.94M-2.88M11.33M8.75M1.65M-2.41M-26.86M4.98M4.62M
Cash from Investing+243.79K-530.54K-85.64K-130.63K1.78M-56.04M-15.12M-2.13M17.47M
Acquisitions (Net)00-55K0-200K-1.24M000
Purchase of Investments0-500K00-201.23K-19.39M-8.43M-756.08K-814.16K
Sale of Investments00001000K1000K103.81K00
Other Investing317K-500K-55K-127K-200K-37.78M-6.2M-1.34M18.39M
Cash from Financing+14.61M6.22M-6.59M-3.99M21.15M103.42M6.06M3.19M-21.42M
Dividends Paid0000-109.92K-73.75K0-214.93K0
Common Dividends0000000-214.93K0
Debt Issuance (Net)01000K-1000K-1000K-1000K-1000K-155.52K-31.5K-316.21K
Share Repurchases00000000-21.1M
Other Financing14.61M4.33M23.5K-736.22K14.07M979.59K000
Net Change in Cash+-2.37M-1.47M1.37M1.82M23.3M29.07M-42.28M9.37M294.43K
Exchange Rate Effect526.93K-14.04K25.09K-18.15K50.68K-1000K-1000K830.06K-910.84K
Cash at Beginning7.69M5.61M4.14M5.51M8.44M31.74M60.8M18.52M27.89M
Cash at End5.32M4.14M5.51M7.33M31.74M60.8M18.52M27.89M28.18M
Free Cash Flow+-17.82M-7.18M7.99M5.95M295.94K-16.91M-32.46M7.45M5.05M
FCF Growth %-0.6%2.11%-0.26%-0.95%-58.15%-0.92%1.23%-0.32%
FCF / Revenue %---------

Key Ratios

Metric201620172018201920202021202220232024
FFO per Share-12.5-8.534.22-10.27-6.69-73.29-6.07-6.38-0.3
FFO Payout Ratio0%0%0%0%0%0%0%-0.37%0%
NOI Margin16.94%30.02%23.78%17.68%25.57%42.92%16.7%34.01%39.46%
Net Debt / EBITDA--0.51x------
Debt / Assets43.63%28.42%21.54%15.86%3.64%0.99%1.19%1.32%3.06%
Interest Coverage---8.31x-18.62x--47.26x-3825.89x-721.95x-36.74x
Book Value / Share43.0369.4858.444.44234.65121.7122.8212.979.77
Revenue Growth-772.39%89.47%19.02%-33.06%21.93%-77.37%393%-4.4%

Revenue by Segment

20202021202220232024
Property--1.28M18.19M16.72M
Property Growth---1322.38%-8.08%
Rental--1.81M2.78M2.89M
Rental Growth---53.42%4.14%
Other---1.08M1.51M
Other Growth----39.09%
Biohealth--753.65K12.76K-
Biohealth Growth----98.31%-
Real Estate Property-13.89M---
Real Estate Property Growth-----
Bio Health-5.54M---
Bio Health Growth-----
Real Estate Rental-327.3K---
Real Estate Rental Growth-----
Property Development13.64M----
Property Development Growth-----
BioHealth Business2.59M----
BioHealth Business Growth-----

Frequently Asked Questions

Growth & Financials

Alset Inc. (AEI) reported $12.1M in revenue for fiscal year 2024. This represents a 882% increase from $1.2M in 2016.

Alset Inc. (AEI) saw revenue decline by 4.4% over the past year.

Alset Inc. (AEI) reported a net loss of $12.7M for fiscal year 2024.

Dividend & Returns

Alset Inc. (AEI) has a return on equity (ROE) of -3.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Alset Inc. (AEI) generated Funds From Operations (FFO) of $-11.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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