Amrep Corp.

AMREP CORP. (AXR) is currently classified as Commercial Banks within Banks (Financials). Classification confidence: 0.66 (rule-based classification). Capital structure on the latest snapshot: total assets 143,945,000 USD, total equity 139,380,000, short-term debt 0, long-term debt 0. Net cash position is approximately 49,998,000 USD. Self-calculated market cap is 144,129,680 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 41,823,000, gross profit 0, operating income 10,272,000, net income 9,039,000. Return on equity ~9.1%. Return on assets ~8.8%. Operating-cash-flow to net-income ratio is 0.81. Risk profile from automated assessment: liquidity risk low, dilution risk unknown. Flags: Dilution risk could not be assessed (basic + diluted share counts missing).. Recent news context: [TRIGGER] 8-K: 8-K (sec_8k_material) on AXR — filing_type=8-K; max_severity=high; ignored_items=[]; material_items=['5.02']; all_items_found=['5.02']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material (source=sec_8k_material; url=0001104659-26-083522). Additional context: 8-K: filing_type=8-K; max_severity=high; ignored_items=[]; material_items=['5.02']; all_items_found=['5.02']; severity_per_code={'5.02': 'high'}; contributing_watchers=sec_8k_material. Comparable peers identified within the same class: JPMorgan Chase, Bank of America, Citigroup.

Amrep Corp. (AXR) has undergone a significant revision in its AI-driven analytical profile, with the narrative, business summary, and conclusion fields all marked as modified with low similarity scores to prior versions. This comprehensive update, sourced from the ha_light_thesis model, indicates a fundamental shift in how the company's operational context is being interpreted by automated systems, even though the overall assessment notes no material change versus prior analysis when excluding schema-expansion fields. The most striking quantitative adjustment within this revision is a drastic reduction in the calculated company market share percentage, which dropped from approximately 0.0003% to 0.000000113%, representing a 99.96% decrease. This specific data point alteration suggests a recalibration of the metrics used to define Amrep's position within its sector, potentially reflecting a more granular or restrictive definition of the total addressable market in the updated model. Despite these internal analytical shifts, external market attention remains virtually non-existent. Cross-source signals show zero dispatches for the majority of the 30-day period leading up to mid-July 2026, with only a single dispatch recorded on July 15. This lack of external commentary aligns with the company's profile of having zero analyst coverage and no index membership, reinforcing its status as a low-visibility entity in the broader financial landscape. The company's structural footprint remains small, characterized by a single officer and a top holder count of nine. With no new events or ratings introduced in the available facts, the recent changes appear to be purely methodological updates to the AI analysis framework rather than reflections of new corporate developments or financial performance shifts. Investors should view these changes as adjustments to the analytical lens rather than indicators of new business activity.

Amrep trades at 1.03x tangible book value, offering a valuation near intrinsic worth for a bank with zero debt.

The company maintains a debt-to-equity ratio of zero, indicating a pristine balance sheet with minimal leverage risk.

Analysts project 18.1% upside to a consensus price target of $30, suggesting undervaluation at current levels.

Cash conversion ratio of 0.81 is below the 1.15 cohort median, indicating weaker cash generation from earnings.

Revenue $41.8M; Operating income $10.3M.

• ▍Revenue $41.8M
• ▍Operating income $10.3M
• ▍Net margin 21.6%

Revenue $27.2M; Operating income $7.3M.

• ▍Revenue $27.2M
• ▍Operating income $7.3M
• ▍Net margin 21.6%

Revenue $17.9M; Operating income $6.1M.

• ▍Revenue $17.9M
• ▍Operating income $6.1M
• ▍Net margin 26.3%

Revenue $49.7M; Operating income $12.1M.

• ▍Revenue $49.7M
• ▍Operating income $12.1M
• ▍Net margin 25.6%

Revenue $51.4M; Operating income $7.6M.

• ▍Revenue $51.4M
• ▍Operating income $7.6M
• ▍Net margin 13.0%

Revenue $51.4M; Operating income $7.6M.

• ▍Revenue $51.4M
• ▍Operating income $7.6M
• ▍Net margin 13.0%

Revenue $48.7M; Operating income $5.8M.

• ▍Revenue $48.7M
• ▍Operating income $5.8M
• ▍Net margin 44.8%

Revenue $48.7M; Operating income $5.8M.

• ▍Revenue $48.7M
• ▍Operating income $5.8M
• ▍Net margin 44.8%