Added to YB: 2024-08-09
Pitch date: 2024-08-07
AXR [bullish]
AMREP Corporation
+13.77%
current return
Author Info
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Company Info
AMREP Corporation, through its subsidiaries, engages in the real estate business in the United States.
Market Cap
$124.9M
Pitch Price
$23.13
Price Target
74.00 (+181%)
Dividend
N/A
EV/EBITDA
6.96
P/E
12.15
EV/Sales
1.75
Sector
Real Estate Management and Development
Category
value
AMREP Corporation - $AXR
AXR: Land developer w/ 17k acres near Albuquerque. $74 optimistic PT vs $22 current. 17k acres worth $237-419M vs $67M book value. $47-74 NAV/share. 65% rev from land dev, 35% homebuilding. Consistent insider buying. $30M cash, 25% of mkt cap. Tight ownership (59% held by 4 shareholders). Risks: slow land sales, prime land already sold.
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