Alset Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: revenue base ~$4.3M (FY2025 $4.47M, mostly real-estate project deliveries); growth 50% to 40% to 30% to 25% to 20% yrs1-5 (lumpy project completions off a tiny base), fading 15% to 8% yrs6-10; FCF margin path from -100% (yr1, matching current deep cash burn) improving to breakeven by yr5 and a thin 8% holding-company margin yrs6-10; 15% discount rate (micro-cap/going-concern risk); 3% terminal growth; PV explicit FCF ~-$7.3M + PV terminal value ~$5.1M = EV ~-$2.2M; plus net cash ~$16.1M = equity value ~$13.9M; divided by 38.9M shares.

Reasoning: Alset is a loss-making diversified micro-cap holding company (real estate/biohealth/digital) that only recently had going-concern doubt alleviated, so a DCF using genuinely negative current FCF fading toward marginal profitability is appropriate, and its net cash position is the dominant driver of value; the resulting $0.36/share is well below the $0.77 market price, implying the core operating businesses are currently value-destructive per the model.