AREC Stock Analysis: American Resources | NASDAQ
Waste Management | NASDAQ, USA | Market Cap: 247m USD | 12M Return: 27.1% | US02927U2087 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.57M
Qual. Beats: 2
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
American Resources Corporation (NASDAQ: AREC) is a U.S.-based micro-cap company headquartered in Fishers, Indiana, that produces rare earth and critical mineral concentrates for infrastructure and electrification markets. It operates through two segments: Electrified Materials, which focuses on aggregating and processing used metals for recycling into new steel-based products and selling recovered metals, and Corporate. Although the company is classified under the GICS Coal & Consumable Fuels sub-industry, its business has shifted toward critical minerals and metal recycling, areas that supply materials essential to electric vehicles, renewable energy infrastructure, and other electrification applications. The company went public in late 2017 and currently has a market capitalization of approximately $235 million USD.
- Rare earth concentrate pricing drives Electrified Materials segment revenue
- Federal critical mineral funding accelerates domestic processing capacity buildout
- Micro-cap dilution risk as equity capital raises fund expansion
| Net Income: 141.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 158.2 > 0.02 and ΔFCF/TA 15.8k > 1.0 |
| NWC/Revenue: -57.4k% < 20% (prev -24.1k%; Δ -33.3k% < -1%) |
| CFO/TA -0.11 > 3% & CFO -18.5m > Net Income 141.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (87.3m) vs 12m ago 8.43% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: -0.07% > 50% (prev 0.16%; Δ -0.23% > 0%) |
| Interest Coverage Ratio: -0.04 > 6 (EBIT TTM -442k / Interest Expense TTM 12.1m) |
| A: 0.43 (Total Current Assets 134.3m - Total Current Liabilities 61.2m) / Total Assets 168.9m |
| B: -1.25 (Retained Earnings -210.4m / Total Assets 168.9m) |
| C: -0.00 (EBIT TTM -442k / Avg Total Assets 185.8m) |
| D: 1.25 (Book Value of Equity 94.8m / Total Liabilities 75.7m) |
| Altman-Z'' = 0.08 = B |
As of September 03, 2026, the stock is trading at USD 2.44 with a total of 2,205,483 shares traded. Over the past week, the price has changed by -8.61%, over one month by +22.06%, over three months by -9.57% and over the past year by +27.06%.
Current recommended Stop Loss: 2.20 (which is 9.8% or 1.3 ATR below the current price).
American Resources has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy AREC.
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 5.7 | 132.4% |
P/E Forward = 2.7533
P/S = 1082.7245
P/B = 2.8668
Revenue TTM = -127k USD
EBIT TTM = -442k USD
EBITDA TTM = -320k USD
Long Term Debt = 965k USD (from longTermDebt, last fiscal year)
Short Term Debt = 5.74m USD (from shortTermDebt, last quarter)
Debt = 10.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.76m
Net Debt = -61.3m USD (calculated: Debt 10.8m - CCE 72.2m)
Enterprise Value = 185.8m USD (247.1m + Debt 10.8m - CCE 72.2m)
Interest Coverage Ratio = -0.04 (Ebit TTM -442k / Interest Expense TTM 12.1m)
EV/FCF = 0.01x (Enterprise Value 185.8m / FCF TTM 26.7b)
FCF Yield = 14.4k% (FCF TTM 26.7b / Enterprise Value 185.8m)
WARNING: Negative Revenue TTM = -127k
FCF Margin = -21.0m% (FCF TTM 26.7b / Revenue TTM -127k)
WARNING: Negative Revenue TTM = -127k
Net Margin = -111k% (Net Income TTM 141.0m / Revenue TTM -127k)
WARNING: Negative Revenue TTM = -127k
Gross Margin = unknown ((Revenue TTM -127k - Cost of Revenue TTM 1.23m) / Revenue TTM)
Tobins Q-Ratio = 1.10 (Enterprise Value 185.8m / Total Assets 168.9m)
Interest Expense / Debt = 111.7% (Interest Expense 12.1m / Debt 10.8m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -350k (EBIT -442k * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.18 (Total Current Assets 134.3m / Total Current Liabilities 113.9m)
Debt / Equity = 0.11 (Debt 10.8m / totalStockholderEquity, last quarter 94.8m)
Debt / EBITDA = 191.9 (negative EBITDA) (Net Debt -61.3m / EBITDA -320k)
Debt / FCF = -0.00 (Net Debt -61.3m / FCF TTM 26.7b)
Total Stockholder Equity = 1.37m (last 4 quarters mean from totalStockholderEquity)
RoA = 75.87% (Net Income 141.0m / Total Assets 168.9m)
RoE = 10.3k% (out of range, set to none) (Net Income TTM 141.0m / Total Stockholder Equity 1.37m)
RoCE = -18.93% (EBIT -442k / Capital Employed (Equity 1.37m + L.T.Debt 965k))
RoIC = -0.31% (negative operating profit) (NOPAT -350k / Invested Capital 113.4m)
WACC = 8.60% (E(247.1m)/V(257.9m) * Re(8.98%) + (debt cost/tax rate unavailable))
Discount Rate = 8.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.80 | Cagr: 6.59%
[DCF] Terminal Value 74.55% ; FCFF base≈26.7b ; Y1≈26.8b ; Y5≈28.4b
[DCF] Fair Price = 3.96k (EV 424b - Net Debt -61.3m = Equity 424b / Shares 107.0m; r=8.60% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.94 | # QB: 2
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: -0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.13 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.44 | Chg30d=-51.72% | Revisions=-25% | GrowthEPS=-222.8% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=0.84 | Chg30d=-25.00% | Revisions=-25% | GrowthEPS=+290.9% | GrowthRev=+3533.3%