REX American Resources Corporation logo

REX American Resources Corporation(REX)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$44.01
09/23/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for REX

09/23/2026: REX (3-star) is currently NOT-A-BUY. Pass it for now.

REX American Resources Corporation is a specialty energy company focused primarily on the production of ethanol and related agricultural byproducts like distillers grains. The company maintains a strong competitive position through high-efficiency production facilities and a robust, debt-free balance sheet that provides operational flexibility. Its primary growth story involves capitalizing on the shift toward sustainable aviation fuel and lowering the carbon intensity of its ethanol output. Investors should monitor risks related to commodity price fluctuations, federal biofuel mandates, and long-term electrification trends. The stock may best suit value-oriented investors who are comfortable with the inherent volatility of the agricultural and energy commodity cycles.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is tied more to industry capacity and energy policy than rapid, innovative technology disruption.
Momentum investorStrong fit while signal remains positiveREX stock often exhibits high sensitivity to sudden shifts in the energy/ethanol commodity cycles.
Value investorStrong fitThe company often trades at reasonable valuation multiples relative to its cash-rich balance sheet.
Dividend investorWeak fitREX does not currently offer a dividend, focusing instead on buybacks.
Low-risk investorWeak fitCommodity price exposure and regulatory uncertainty create significant price volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighEarnings are directly tied to the volatile spread between corn costs and ethanol sales prices.
Valuation riskMediumMarket pricing can swing based on sentiment regarding biofuel sustainability mandates.
Competition risk (Commodity producers)Medium / highLarge-scale competitors like ADM can influence regional market pricing.
Business qualityMediumHigh operational efficiency is offset by exposure to a single-commodity product mix.
Dividend incomeLow / noneInvestors should not rely on the stock for current income.
Execution riskMediumSuccess depends on managing carbon intensity scores and production uptime.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 101.46%
Avg. Invested days 72
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
REX receives a 3-star rating, supported by solid company fundamentals, and solid quantitative characteristics. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
REX has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and strong ownership. In FY2026 versus FY2025, strong earnings growth (+42.6%) and solid cash generation (FCF margin 7.6%) are partially offset by moderate revenue growth (+1.2%).

Financial Health Rating

★★★★★
REX's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 46.7%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is REX's strongest growth driver at +793.1% FY2026 versus FY2025 (strong, 5 stars). By comparison, earnings growth (+42.6%, strong) is also strong, while revenue growth (+1.2%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 83.4% and approximately 93.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 13.44% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 16.54%
Dimensional Fund Advisors, Inc. 5.50%
Renaissance Technologies Corp 4.59%
State Street Corp 4.38%
Vanguard Portfolio Management, LLC 3.78%

Unit Economics (Per $1K Revenue)

★★★★★
REX generates approximately $144 of gross profit, $94 of operating income, and $76 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -7.34% (Tax Credit)

Quantitative Style Profile

★★★★★
REX has a high-quality, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.47B USD
Price to earnings Ratio 11.83
1Y Target Price 50
Price to earnings Ratio 11.83
1Y Target Price 50
Volume (30-day avg) 199.9K shares
Beta 0.63
52 Weeks Range 30.30 - 53.36
Updated Date 09/23/2026
52 Weeks Range 30.30 - 53.36
Updated Date 09/23/2026
Dividends yield (FY) -
Basic EPS (TTM) 3.74

How Company Makes Money

Business areaWhat it includesRetail investor read
Ethanol SalesProduction and distribution of fuel-grade ethanol.The company makes money when the price of ethanol exceeds the cost of corn and production energy.
Co-products (Feed/Oil)Distillers grains and corn oil.Selling byproduct waste from ethanol production creates a secondary, often high-margin, revenue stream.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Earnings Date

Report Date 2026-09-02
When Before Market
Estimate 0.19
Actual 1.06

Profitability

Profit Margin 17.61%
Operating Margin (TTM) 20.16%

Management Effectiveness

Return on Assets (TTM) 8.16%
Return on Equity (TTM) 19.59%

Valuation

Trailing PE 11.83
Forward PE 12.45
Enterprise Value 1.07B
Price to Sales(TTM) 2.14
Enterprise Value 1.07B
Price to Sales(TTM) 2.14
Enterprise Value to Revenue 1.62
Enterprise Value to EBITDA 8.42
Shares Outstanding 33.18M
Shares Floating 31.04M
Shares Outstanding 33.18M
Shares Floating 31.04M
Percent Insiders 13.44
Percent Institutions 83.42

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About REX American Resources Corporation

Exchange NYSE
Headquarters Dayton, OH, United States
IPO Launch date 1987-11-05
CEO, President & Director Mr. Zafar A. Rizvi
Sector Basic Materials
Industry Chemicals
Full time employees 132
Full time employees 132

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company provides corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. It also offers dry distillers grains with soluble, which is used as a protein in animal feed. REX American Resources Corporation was formerly known as REX Stores Corporation and changed its name to REX American Resources Corporation in June 2010. The company was founded in 1980 and is headquartered in Dayton, Ohio.