Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a pre-revenue company: Analyst consensus.
ACCE opinionAmerican Resources Corporation Class A Common Stock (AREC)
Fair value (2 models)
Not available
ACCE price target
$1.30
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $1.14 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
22
out of 100
Analysts
100% buy
3 covering
P/E
0.0x
forward 2.8x
1-year return
-68.6%
Dividend yield
0.00%
American Resources Corporation Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
American Resources (AREC) runs metallurgical coal and coal-processing operations in Kentucky and West Virginia, selling coal into steel and industrial end markets, with a waste-coal recovery business in the mix. The case for a deeper look rests on the thin market cap of about $128M against a business that is currently shrinking sharply: reported revenue growth is -99.9%, and gross margin is -338.3%, meaning the cost of producing and moving coal far exceeds what it sells for. The 2.8x forward P/E rests on earnings forecasts that look unreliable given those margins, so the multiple tells you more about the market's skepticism than about cheapness. The score of 22/100 and absence from any index reflect the same picture. Any serious look would need to establish whether the operations can reach positive cash margins at current coal prices and whether the balance sheet can fund the gap until they do.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
severe
Negative gross margin
Gross margin is -338.3% and ROE is -290.7%, so the core operation loses money before overhead. Free cash flow was $-17.8M, and the score fell from 30 to 22 over 90 days.
high
Revenue collapse
Revenue is down 99.9% year over year and shows a 5-year CAGR of -63.3%. The business has shrunk to almost nothing against its $131M market cap.
high
Heavy insider selling
Insiders disclosed $4.76M in sales across the last 10 filings with no buys recorded. Insider holding is 19.2%, so the selling is material to the register.
moderate
Elevated short interest
Short interest stands at 15.7% of float. That signals meaningful bearish positioning and can add volatility in either direction.
AI research notes
AI-assisted·How I use AIWritten Oct 16, 2026 · figures from 2026-03-31 · prices to Oct 23, 2026
Why it could do well
Analysts are unanimous, with all three covering firms rating the stock Buy or Strong Buy.
The mean analyst price target of $5.67 sits well above the current $1.20 share price.
Debt is light, with debt to equity at 0.09 on the latest quarterly filing.
Why it could disappoint
Revenue fell 99.9% year over year, a collapse that leaves little to value against.
Free cash flow over the last twelve months was negative at -$18M, so the business is burning cash.
The diluted share count rose 13.0% last fiscal year, diluting existing holders.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 13, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where AREC's valuation models land
Price
$1.14
Model fair valueConfidence: low
about $5.67
Model
Fair value
Upside
Analyst consensus
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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