(AREC) American Resources - Overview
Stock: Coal, Rare Earth Concentrates, Critical Minerals, Recycled Steel
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 205% |
| Relative Tail Risk | -23.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.67 |
| Alpha | 349.95 |
| Character TTM | |
|---|---|
| Beta | 1.248 |
| Beta Downside | -0.268 |
| Drawdowns 3y | |
|---|---|
| Max DD | 80.42% |
| CAGR/Max DD | 0.33 |
Description: AREC American Resources January 18, 2026
American Resources Corp (NASDAQ: AREC) is a diversified miner and recycler that serves the infrastructure and electrification markets through three operating segments: American Infrastructure (AIC) – which extracts, processes, and ships metallurgical coal primarily to steelmakers; ReElements (RLMT) – which delivers final-stage, purified rare-earth and critical-metal concentrates for permanent-magnet and battery applications; and Electrified Materials Corp (EMC) – which recycles scrap metal into new steel-based products for resale.
Key recent metrics show the company producing roughly 3.5 million short tons of metallurgical coal in 2023, while ReElements shipped about 1,200 metric tons of rare-earth oxides, generating $45 million in segment revenue. The business is highly sensitive to two macro-drivers: (1) the accelerating demand for electric vehicles and renewable-energy equipment, which fuels growth in rare-earth and critical-metal consumption; and (2) U.S. policy incentives-such as the Inflation Reduction Act’s domestic critical-minerals tax credits-that aim to reduce reliance on Chinese supply chains.
For a deeper quantitative dive into AREC’s valuation and risk profile, you may find ValueRay’s analytical tools useful.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: -39.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA 3.32 > 1.0 |
| NWC/Revenue: -51.6k% < 20% (prev -4724 %; Δ -46.9k% < -1%) |
| CFO/TA -0.08 > 3% & CFO -15.3m > Net Income -39.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (84.3m) vs 12m ago 8.92% < -2% |
| Gross Margin: 96.64% > 18% (prev -24.57%; Δ 12.1k% > 0.5%) |
| Asset Turnover: 0.07% > 50% (prev 0.19%; Δ -0.12% > 0%) |
| Interest Coverage Ratio: -1.35 > 6 (EBITDA TTM -12.4m / Interest Expense TTM 11.7m) |
Altman Z'' -8.63
| A: -0.37 (Total Current Assets 8.79m - Total Current Liabilities 83.6m) / Total Assets 201.2m |
| B: -1.43 (Retained Earnings -287.5m / Total Assets 201.2m) |
| C: -0.08 (EBIT TTM -15.8m / Avg Total Assets 206.9m) |
| D: -0.97 (Book Value of Equity -287.5m / Total Liabilities 296.2m) |
| Altman-Z'' Score: -8.63 = D |
Beneish M -4.00
| DSRI: 0.06 (Receivables 18.2k/827.2k, Revenue 145.0k/400.0k) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.98 (AQ_t 0.77 / AQ_t-1 0.79) |
| SGI: 0.36 (Revenue 145.0k / 400.0k) |
| TATA: -0.12 (NI -39.9m - CFO -15.3m) / TA 201.2m) |
| Beneish M-Score: -4.39 (Cap -4..+1) = AAA |
What is the price of AREC shares?
Over the past week, the price has changed by -2.69%, over one month by -4.80%, over three months by -14.82% and over the past year by +395.97%.
Is AREC a buy, sell or hold?
- StrongBuy: 1
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AREC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.7 | 116.6% |
| Analysts Target Price | 6.7 | 116.6% |
| ValueRay Target Price | 3.1 | -1% |
AREC Fundamental Data Overview February 02, 2026
P/S = 3428.0608
P/B = 2.1914
Revenue TTM = 145.0k USD
EBIT TTM = -15.8m USD
EBITDA TTM = -12.4m USD
Long Term Debt = 158.2m USD (from longTermDebt, last quarter)
Short Term Debt = 53.7m USD (from shortTermDebt, last quarter)
Debt = 233.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 231.5m USD (from netDebt column, last quarter)
Enterprise Value = 507.3m USD (275.8m + Debt 233.6m - CCE 2.08m)
Interest Coverage Ratio = -1.35 (Ebit TTM -15.8m / Interest Expense TTM 11.7m)
EV/FCF = -35.46x (Enterprise Value 507.3m / FCF TTM -14.3m)
FCF Yield = -2.82% (FCF TTM -14.3m / Enterprise Value 507.3m)
FCF Margin = -9863 % (FCF TTM -14.3m / Revenue TTM 145.0k)
Net Margin = -27.5k% (Net Income TTM -39.9m / Revenue TTM 145.0k)
Gross Margin = 96.64% ((Revenue TTM 145.0k - Cost of Revenue TTM 4870 ) / Revenue TTM)
Gross Margin QoQ = 7.14% (prev none%)
Tobins Q-Ratio = 2.52 (Enterprise Value 507.3m / Total Assets 201.2m)
Interest Expense / Debt = 0.85% (Interest Expense 1.98m / Debt 233.6m)
Taxrate = 21.0% (US default 21%)
NOPAT = -12.5m (EBIT -15.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.11 (Total Current Assets 8.79m / Total Current Liabilities 83.6m)
Debt / Equity = -2.50 (negative equity) (Debt 233.6m / totalStockholderEquity, last quarter -93.4m)
Debt / EBITDA = -18.72 (negative EBITDA) (Net Debt 231.5m / EBITDA -12.4m)
Debt / FCF = -16.18 (negative FCF - burning cash) (Net Debt 231.5m / FCF TTM -14.3m)
Total Stockholder Equity = -87.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -19.29% (Net Income -39.9m / Total Assets 201.2m)
RoE = 45.80% (negative equity) (Net Income TTM -39.9m / Total Stockholder Equity -87.1m)
RoCE = -22.26% (EBIT -15.8m / Capital Employed (Equity -87.1m + L.T.Debt 158.2m))
RoIC = -11.03% (negative operating profit) (NOPAT -12.5m / Invested Capital 113.4m)
WACC = 6.00% (E(275.8m)/V(509.3m) * Re(10.51%) + D(233.6m)/V(509.3m) * Rd(0.85%) * (1-Tc(0.21)))
Discount Rate = 10.51% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.60%
Fair Price DCF = unknown (Cash Flow -14.3m)
EPS Correlation: -22.67 | EPS CAGR: 26.32% | SUE: -1.12 | # QB: 0
Revenue Correlation: -85.50 | Revenue CAGR: -69.92% | SUE: 0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=-0.11 | Chg30d=+0.100 | Revisions Net=-1 | Growth EPS=+69.4% | Growth Revenue=+1175.0%