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General information

Country: UNITED STATES

Sector: Real Estate — Development

Alset EHome International Inc., through its subsidiaries, engages in property development, digital transformation technology, and biohealth activities in the United States, Singapore, Hong Kong, and Australia. The company owns, operates, and manages real estate development projects, as well as lease units; and provides consulting, implementation, and development services related to digital transformation of enterprises. It also focuses on the research, development, and sale of Linebacker, a therapeutic drug platform; Laetose, a functional sugar substitute; and 3F, a multi-use fragrance. The company was formerly known as HF Enterprises Inc. and changed its name to Alset EHome International Inc. in February 2021. Alset EHome International Inc. was founded in 2014 and is headquartered in Bethesda, Maryland. Alset EHome International Inc. is a subsidiary of Hancock Fabrics, Inc.
Website: alsetehomeintl.com



Growth: Bad revenue growth rate -85.7%, there is slowdown compared to average historical growth rates 49.1%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +423.1%. On average the margin is decreasing steadily. Gross margin is high, +40.5%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -251.5% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 1.2% higher than minimum and 99.7% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 22.6x by EV / Sales multiple

Key Financials (Download financials)

Ticker: AEI
Share price, USD:  (-0.7%)0.6961
year average price 1.3208  


year start price 1.5899 2023-03-31

max close price 2.0000 2023-05-31

min close price 0.6880 2024-03-20

current price 0.6961 2024-03-29
Common stocks: 7 425 360

Dividend Yield:  0.0%
FCF Yield LTM: -251.5%
EV / LTM EBITDA: 500.0x
Last revenue growth (y/y):  -85.7%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  49.1%
Historical growth of EBITDA:  ---
EV / Sales: -2.7x
Margin (EBITDA LTM / Revenue): 423.1%
Fundamental value created in LTM:
Market Cap ($m): 5
Net Debt ($m): -40
EV (Enterprise Value): -35
Price to Book: 0.0x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol AEI AEI AEI AEI AEI AEI
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2022-08-15
acceptedDate 2023-11-14 16:16:35 2023-08-14 16:16:08 2023-05-15 17:10:26 2023-03-31 16:01:34 2022-11-14 16:48:26 2022-08-15 16:17:09
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 990 199 19M 926 936 879 960 721 905 926 340
costOfRevenue 581 059 12M 689 281 1M 813 369 550 783
grossProfit 409 140 7M 237 655 -373 434 -91 464 375 557
grossProfitRatio 0.413 0.387 0.256 -0.424 -0.127 0.405
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 2M 2M 2M 1M 2M 2M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 2M 2M 2M 1M 2M 2M
otherExpenses 717 951 987 531 103 007 256 439 0 0
operatingExpenses 2M 2M 2M 1M 2M 2M
costAndExpenses 3M 14M 3M 3M 3M 3M
interestIncome 97 996 92 388 39 278 18 199 319 768 196 639
interestExpense 0 0 4M 1853.000 319 768 193 760
depreciationAndAmortization -250 865 642 732 487 293 624 354 709 836 358 847
ebitda 9M 7M 505 024 -1M -1M -8M
ebitdaratio 9.159 0.368 0.545 -1.234 -1.886 -9.105
operatingIncome -2M 5M 17 731 -2M -2M -2M
operatingIncomeRatio -2.097 0.267 0.019 -1.944 -2.869 -1.786
totalOtherIncomeExpensesNet -15M -11M -4M -14M -11M -8M
incomeBeforeTax -17M -6M -4M -15M -13M -10M
incomeBeforeTaxRatio -17.149 -0.304 -4.664 -17.372 -18.333 -10.777
incomeTaxExpense 45 124 1M 4M -68 955 -153 159 0
netIncome -16M -6M -8M -15M -13M -9M
netIncomeRatio -16.170 -0.303 -8.845 -17.294 -18.121 -9.702
eps -1.730 -0.630 -0.970 -2.340 -1.760 -0.004
epsdiluted -1.730 -0.630 -0.970 -2.340 -1.760 -0.004
weightedAverageShsOut 9M 9M 8M 7M 7M 2 458M
weightedAverageShsOutDil 9M 9M 8M 7M 7M 2 458M
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Balance Sheet Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol AEI AEI AEI AEI AEI AEI
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2022-08-15
acceptedDate 2023-11-14 16:16:35 2023-08-14 16:16:08 2023-05-15 17:10:26 2023-03-31 16:01:34 2022-11-14 16:48:26 2022-08-15 16:17:09
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 28M 29M 19M 18M 23M 41M
shortTermInvestments 52M 64M 72M 73M 84M 74M
cashAndShortTermInvestments 80M 93M 91M 90M 106M 115M
netReceivables 7M 11M 3M 4M 3M 15M
inventory 27 988 38 015 34 442 35 020 36 410 38 742
otherCurrentAssets 34M 901 946 75M 71M 836 629 1M
totalCurrentAssets 88M 104M 95M 95M 110M 132M
propertyPlantEquipmentNet 3M 3M 3M 3M 2M 1M
goodwill 274 445 274 234 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 274 445 274 234 0 0 0 0
longTermInvestments -31M 0 0 -66M 0 0
taxAssets 76M 0 0 0 0 0
otherNonCurrentAssets 21M 61M 58M 121M 52M 43M
totalNonCurrentAssets 69M 64M 61M 58M 54M 45M
otherAssets 0 0 0 0 0 0
totalAssets 157M 168M 156M 153M 165M 176M
accountPayables 0 6M 0 3M 0 0
shortTermDebt 253 443 370 759 177 947 240 070 825 088 670 680
taxPayables 0 0 0 0 0 0
deferredRevenue 2100.000 2100.000 0 21 198 65 091 89 880
otherCurrentLiabilities 6M 0 5M 0 4M 3M
totalCurrentLiabilities 7M 7M 5M 3M 4M 4M
longTermDebt 2M 2M 2M 2M 658 802 304 158
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 0 19M 0 0 -231 377 0
totalNonCurrentLiabilities 2M 21M 2M 2M 658 802 304 158
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 2M 2M 2M 2M 1M 484 682
totalLiabilities 8M 28M 7M 5M 5M 4M
preferredStock 20M 0 0 0 0 0
commonStock 20M 9235.000 9235.000 7423.000 148 507 148 507
retainedEarnings -214M -198M -193M -189M -175M -164M
accumulatedOtherComprehensiveIncomeLoss 1M 3M 5M 4M 485 331 558 045
othertotalStockholdersEquity 312M 326M 326M 323M 322M 322M
totalStockholdersEquity 140M 131M 138M 138M 148M 159M
totalEquity 149M 141M 149M 138M 148M 159M
totalLiabilitiesAndStockholdersEquity 157M 168M 156M 153M 165M 163M
minorityInterest 9M 10M 11M 11M 0 0
totalLiabilitiesAndTotalEquity 157M 168M 156M 153M 165M 163M
totalInvestments 21M 64M 72M 6M 84M 0
totalDebt 2M 2M 2M 2M 1M 974 838
netDebt -26M -27M -17M -16M -21M -40M
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Cash Flow Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol AEI AEI AEI AEI AEI AEI
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2022-08-15
acceptedDate 2023-11-14 16:16:35 2023-08-14 16:16:08 2023-05-15 17:10:26 2023-03-31 16:01:34 2022-11-14 16:48:26 2022-08-15 16:17:09
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome -17M -6M -4M -15M -13M -10M
depreciationAndAmortization -250 865 642 732 487 293 647 814 533 743 358 847
deferredIncomeTax 0 0 0 0 0 0
stockBasedCompensation 0 0 0 -1M 0 0
changeInWorkingCapital 2M 4M -2M -3M -10M -9M
accountsReceivables 7M -7M 108 771 -23 494 -38 048 -179 743
inventory -707 267 19M -3M -3M -3M -2M
accountsPayables 638 534 -2M 2M -689 613 552 885 -606 264
otherWorkingCapital -6M -4M -774 396 758 137 -8M -130 135
otherNonCashItems 17M 12M 2M 15M 11M 7M
netCashProvidedByOperatingActivities 845 905 11M -3M -4M -12M -11M
investmentsInPropertyPlantAndEquipment -12 983 -3449.000 -8277.000 -389 331 0 -206 654
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments -63 859 -279 719 -412 500 50 348 -2M -76 723
salesMaturitiesOfInvestments 0 0 0 -103 809 103 809 0
otherInvestingActivites -64 363 -995 299 1M 351 069 -5M -713 273
netCashUsedForInvestingActivites -141 205 -1M 671 484 -91 723 -7M -996 650
debtRepayment -8411.000 -16 950 0 -62 285 -45 006 -3501.000
commonStockIssued 0 0 3M 6M 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 0 0 0 -6M 0 0
netCashUsedProvidedByFinancingActivities -8411.000 -16 950 3M 61 348 -45 006 -3501.000
effectOfForexChangesOnCash -1M 809 603 -59 129 -1M 213 482 -217 513
netChangeInCash -726 515 10M 757 193 -5M -19M -12M
cashAtEndOfPeriod 29M 29M 19M 19M 23M 42M
cashAtBeginningOfPeriod 29M 19M 19M 23M 42M 54M
operatingCashFlow 845 905 11M -3M -4M -12M -11M
capitalExpenditure -12 983 -3449.000 -8277.000 -389 331 0 -206 654
freeCashFlow 832 922 11M -3M -4M -12M -11M
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Earning call transcript

Press-releases

Show financial reports only

2023-12-13 14:00 ET
Alset Inc. Announces Execution of Binding Term Sheet to Acquire 41.5% Interest in Company Engaged in Distribution of Electric Vehicles and Charging Stations
2023-02-08 15:15 ET
Aegis Capital Corp. Acted as Sole Bookrunner on a $3.8 Million Underwritten Public Offering for Alset Inc. (NASDAQ:AEI).
2023-02-08 14:40 ET
Alset Inc. Closes $3.8 Million Underwritten Public Offering of Common Stock
2023-02-06 14:15 ET
Alset Inc. Prices $3.8 Million Underwritten Public Offering of Common Stock
2023-02-04 02:30 ET
Alset Inc. Announces Proposed Underwritten Public Offering of Common Stock
2022-10-03 21:00 ET
Alset EHome International Inc. to Change Name to Alset Inc. in Rebranding Effort and Expands Board of Directors
2022-03-31 21:50 ET
Alset EHome International Inc. Reports FY2021 Results with 22% Revenue Growth and Stronger Financial Position
2022-03-22 13:20 ET
Alset EHome International Inc. Launches Alset Mining Inc. to Embark on Cryptocurrency Mining Activities
2022-02-17 21:15 ET
Alset EHome International Inc. Appoints Anthony S. Chan As Chief Operating Officer
2022-01-12 14:00 ET
Alset EHome International Inc.'s Year End Review For 2021
2021-12-30 13:30 ET
Alset EHome International Inc. Establishes Alset Metaverse Inc. to Capitalize on Potential Metaverse Related Opportunities
2021-12-14 18:45 ET
Alset EHome International Inc. Announces Exercise and Closing of Underwriter's Over-Allotment Option
2021-12-08 15:55 ET
Aegis Capital Corp. acted as Sole Bookrunner on a $30 Million Public Offering of Common Stock for Alset EHome International Inc. (NASDAQ: AEI)
2021-12-08 14:55 ET
Alset EHome International Inc. Closes $30.0 Million Underwritten Public Offering of Common Stock
2021-12-06 02:10 ET
Alset EHome International Inc. Prices $30 Million Underwritten Public Offering
2021-12-02 13:45 ET
Alset International Limited Completes Seeding of the First 30 Rental Homes to American Home REIT Inc.
2021-11-04 12:45 ET
American Medical REIT Accelerates Growth with Acquisition of Three Established Acute Care Hospitals in Texas and Pennsylvania
2021-10-25 12:30 ET
Alset EHome Inc. Introduces Alset Villas, a new EHome Community Project
2021-09-09 11:00 ET
Alset EHome International Inc.’s American Pacific Bancorp Subsidiary Receives USD $40 Million Investment from Document Security Systems, Inc.
2021-09-08 11:00 ET
Alset EHome International Inc. Increases Position in Document Security Systems Inc. Through a USD $15 Million Subscription Agreement
2021-09-08 11:00 ET
DSS Receives $15 Million Investment from Alset EHome International
2021-08-19 13:00 ET
Alset EHome International Inc. Reports Revenue Up 142% to $12.2M for the Six Months Ended June 30, 2021
2021-08-05 13:00 ET
Alset EHome International Inc. Accelerates Growth Plans after Fortifying War Chest with Latest Capital Raise
2021-07-30 15:20 ET
Alset EHome International Inc. Closes $32 Million Underwritten Public Offering of Common Stock and Pre-Funded Warrants
2021-07-30 14:30 ET
Aegis Capital Corp. Acted as Sole Bookrunner on a $32 Million Follow-On Offering of Common Stock and Pre-Funded Warrants for Alset EHome International Inc. (NASDAQ: AEI).
2021-07-28 01:40 ET
Alset EHome International Inc. Prices $32 Million Underwritten Public Offering of Common Stock and Pre-Funded Warrants
2021-07-27 12:00 ET
Alset EHome International Inks Agreement With Puradigm To Provide Patented Air And Surface Purification Solutions For Its EHome Communities
2021-07-26 13:00 ET
American Medical REIT Forges Ahead with Maiden Acquisition of Ivy Brook Medical Center in Connecticut
2021-07-20 13:15 ET
Alset EHome International Inc. Will Begin Process To Seed Majority Owned Residential Real Estate Investment Trust - American Home REIT - with First 20+ Occupied Rental Homes
2021-07-19 13:20 ET
Alset EHome International Appoints Tung Moe Chan as co-CEO as it Prepares to Scale Operations Across its Diversified Portfolio of Operating Subsidiaries
2021-06-21 12:00 ET
Alset EHome International Inc. will Deliver First 20 EHomes with Tesla PV Solar Panels, Powerwalls and EV Chargers in Houston Area
2021-06-17 18:55 ET
Alset EHome International Inc. Announces Exercise and Closing of Underwriter’s Over-Allotment Option
2021-05-13 17:25 ET
Alset EHome International Inc. Closes $32.0 Million Underwritten Public Offering of Units
2021-05-13 14:45 ET
Aegis Capital Corp. Acted as Sole Bookrunner on a $32 Million Underwritten Public Offering of Units for Alset EHome International Inc. (NASDAQ:AEI)
2021-05-11 01:59 ET
Alset EHome International Inc. Prices $32.0 Million Underwritten Public Offering of Units
2021-04-21 13:00 ET
Alset EHome International Inc. Singapore Subsidiary Alset International and Novum Alpha Announce Joint Venture to Launch Maiden Cryptocurrency ETP on SIX Swiss Exchange
2021-04-15 12:51 ET
Alset EHome International Subsidiary GigWorld Inc. Purchases 18% Equity Interest in Value Exchange International, Inc. (VEII)
2021-04-08 13:00 ET
Alset EHome International Subsidiary GigWorld Inc. Purchases 18% Interest in Value Exchange International, Inc. (VEII)
2021-03-15 13:00 ET
Alset EHome International Completes Previously Announced Investments in Alset International, LiquidValue Development, True Partners Capital, and American Pacific Bancorp
2021-03-05 14:00 ET
Alset EHome International Inc. Singapore Subsidiary Announces Earnings Turnaround with Net Profit Of US$45.0 Million For FY2020, Alongside Plans To Develop First-Of-Its-Kind Sustainable Healthy Living Community
2021-02-04 14:00 ET
HF Enterprises Inc. to Change Name to Alset EHome International Inc.
2021-01-12 14:00 ET
HF Enterprises Sets Foundation for Future Growth with Binding Term Sheet Regarding Four Investments
2020-12-01 20:21 ET
WestPark Capital Announces Closing of $15,100,000 IPO of HF Enterprises, Inc. (NASDAQ: HFEN)
2020-11-27 15:57 ET
HF Enterprises Inc. Announces Closing of Initial Public Offering
2020-11-24 03:40 ET
HF Enterprises Inc. Announces Pricing of Initial Public Offering

SEC forms

Show financial reports only

SEC form 10
2023-11-14 00:00 ET
Alset EHome International reported for 2023 q3
SEC form 10
2023-08-14 00:00 ET
Alset EHome International reported for 2023 q2
SEC form 10
2023-05-15 00:00 ET
Alset EHome International reported for 2023 q1
SEC form 10
2023-03-31 00:00 ET
Alset EHome International reported for 2022 q4
SEC form 10
2022-11-14 00:00 ET
Alset EHome International reported for 2022 q3
SEC form 10
2022-08-15 00:00 ET
Alset EHome International reported for 2022 q2
SEC form 10
2022-05-13 00:00 ET
Alset EHome International reported for 2022 q1
SEC form 10
2022-03-31 00:00 ET
Alset EHome International published news for 2021 q4
SEC form 10
2021-11-15 00:00 ET
Alset EHome International published news for 2021 q3
SEC form 10
2021-08-16 00:00 ET
Alset EHome International published news for 2021 q2
SEC form 10
2021-05-24 00:00 ET
Alset EHome International published news for 2021 q1
SEC form 10
2021-04-14 00:00 ET
Alset EHome International published news for 2020 q4