Rex American Resources Corp. (REX) intrinsic value & 10-year financials
Rex American Resources Corp. (REX) has a Graham intrinsic value of $75.32 per share. At $41.72 on Oct 17, 2026, the stock trades 45% below that value. Over the last 10 fiscal years revenue grew 4.1% a year to $650.5M, with an average return on invested capital of 14.1%.
- Graham intrinsic value
- $75.32
- Share price (Oct 17, 2026)
- $41.72
- Price vs Graham value
- 45% below
- Market cap
- $1.4B
- Revenue (FY2026)
- $650.5M
- Revenue growth (10-yr CAGR)
- 4.1%
- ROIC (10-yr avg)
- 14.1%
- Free cash flow (FY2026)
- $49.4M
REX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $650.5M | $95.1M | $2.50 | $49.4M | — | 23.3% |
| FY2025 | $642.5M | $71.5M | $3.30 | -$7.1M | — | 21.1% |
| FY2024 | $833.4M | $60.9M | $3.47 | $90.3M | — | 17.7% |
| FY2023 | $855.0M | $27.7M | $1.57 | $39.2M | — | 9.3% |
| FY2022 | $774.8M | $52.4M | $0.97 | $86.6M | — | 23.0% |
| FY2021 | $372.8M | $3.0M | — | -$1.8M | — | 1.3% |
| FY2020 | $417.7M | $7.4M | — | $6.6M | — | 3.2% |
| FY2019 | $485.9M | $31.6M | — | $37.2M | — | — |
| FY2018 | $452.2M | $39.7M | $2.01 | $17.0M | — | — |
| FY2017 | $453.8M | $32.3M | $1.64 | $54.9M | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
REX AMERICAN RESOURCES Corp has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
REX AMERICAN RESOURCES Corp returns on capital have been average, hovering around 14.1% ROIC over the decade.
REX AMERICAN RESOURCES Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, REX AMERICAN RESOURCES Corp is modeled at 13.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $75.32 per share.