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AmeraMex International (AMMX)
OTHER OTC:AMMX
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AmeraMex International
(OTC:AMMX)
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Rating:57Neutral
Price Target:
$0.18
▲(39.23% Upside)
Action:ReiteratedDate:03/12/26
The score is held back mainly by weak financial quality—negative operating/free cash flow in 2025 alongside high leverage—despite the rebound to profitability. Offsetting this, technicals are moderately positive with price above key moving averages and a positive MACD, and valuation appears very inexpensive based on the low P/E.
Positive Factors
Return to Profitability
The company returned to positive operating profit and net income in 2025, with recovered margins (gross ~25%, net ~8%). Durable profitability indicates the business can generate operating earnings to support reinvestment, parts/service expansion and reduce reliance on one-off gains.
Revenue Growth Trend
Reported revenue growth of ~21% reflects a material rebound in demand for equipment and related services. Sustained top-line growth supports expanding installed base, which feeds recurring aftermarket sales and enables better fixed-cost absorption over time, improving margin sustainability.
Aftermarket/Recurring Revenue
A business mix including parts, field service and maintenance creates recurring, higher-margin revenue linked to installed fleets. This aftermarket exposure produces steady demand over equipment lifecycles, strengthens customer stickiness and supports long-term cash generation when stable.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow in 2025 despite reported net income signals poor cash conversion, potentially from working capital or capex mismatches. This erodes internal funding for growth, increases reliance on external financing, and is a persistent constraint on durable capital allocation.
High Leverage
A debt-to-equity ratio near 2.7 and a history of elevated leverage materially constrain financial flexibility. High leverage increases interest burden, raises refinancing risk in downturns, and limits the firm's ability to fund capex or endure cyclical declines without external capital or restructuring.
Revenue and Earnings Volatility
Historical swings in revenue and profits across recent years demonstrate cyclical exposure and execution sensitivity. This volatility makes forecasting, stable investment planning, and consistent margin improvement harder to achieve, increasing operational and strategic risk over time.
AmeraMex International (AMMX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.65M
Dividend YieldN/A
Average Volume (3M)19.45K
Price to Earnings (P/E)1.5
Beta (1Y)0.69
Revenue Growth20.95%
EPS Growth61.92%
CountryUS
Employees19
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding15,112,988
10 Day Avg. Volume33,167
30 Day Avg. Volume19,453
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.46
Price to Sales (P/S)0.12
P/FCF Ratio-2.14
Enterprise Value/Market Cap4.82
Enterprise Value/Revenue0.92
Enterprise Value/Gross Profit116.30
Enterprise Value/Ebitda24.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AmeraMex International Business Overview & Revenue Model
Company DescriptionAmeraMex International, Inc. sells, leases, and rents new and refurbished heavy equipment primarily in the United States. Its products are used in light and infrastructure construction, shipping logistics, logging, mining, transportation, commercial farming, and forestry industries. The company also sells parts; and provides repair and maintenance services. It serves customers in the United States, Canada, Latin America, Asia, and Africa. The company was founded in 1989 and is based in Chico, California.
How the Company Makes MoneyAMMX generates revenue primarily from (1) sales of heavy equipment and (2) aftermarket support tied to that installed base. Equipment sales revenue comes from delivering specialized material-handling machinery to customers (often in port, rail, and industrial settings). Aftermarket revenue typically includes parts sales, field service/repairs, and maintenance work performed over the life of the equipment, which can provide recurring demand as customers keep equipment operating. Information about pricing, customer concentration, financing/lease income, or specific named partnerships (e.g., exclusive distribution agreements or OEM relationships) is null.
AmeraMex International Earnings Call Summary
Earnings Call Date:Aug 16, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance for the second quarter, with significant increases in revenue, profit margins, and net income, indicating a positive turnaround from the previous year's challenges. However, there are concerns about increased liabilities and potential uncertainties due to upcoming political events.Q2-2024 Updates
Positive Updates
Significant Revenue Increase
Revenue increased by 65% for the second quarter to $3.8 million compared to $2.3 million for the same period in 2023. Additionally, the 6-month period saw a 29% revenue increase to $7.1 million compared to $5.1 million in 2023.
Improved Profit Margins
Gross profit increased by 265% to $2.6 million for the quarter, with a gross profit margin of 68% compared to 31% in the previous year. Profit from operations rose significantly to $2 million, compared to a loss of $102,577 in the previous year.
Positive Net Income
Net income for the quarter was $1 million or $0.07 per share, compared to a loss of $117,000 or a loss per share of $0.01 in the same quarter of 2023.
Increase in Rental Equipment
There was a $3.6 million increase in rental equipment, contributing to a $4 million increase in total assets.
Negative Updates
Increased Liabilities
Total liabilities increased by $3.5 million, attributed in part to an increase in the company's notes payable.
Concerns Over Future Economic Conditions
The CEO expressed concerns about the potential impact of the upcoming election on the business, indicating uncertainty in the market.
Company Guidance
During AmeraMex International's Q2 2024 earnings call, the company reported a significant financial recovery, with a 65% increase in quarterly revenue to $3.8 million, compared to $2.3 million in the same quarter last year. Gross profit surged by 265% to $2.6 million, reflecting a substantial improvement in profit margins, rising from 31% in Q2 2023 to 68% this quarter. The company's profit from operations also saw a dramatic turnaround, reaching $2 million compared to a loss of $102,577 in the prior year. Net income for Q2 was $1 million, or $0.07 per share, a notable improvement from a loss of $117,000 or $0.01 per share in the previous year. For the first half of 2024, revenue grew by 29% to $7.1 million, with a 60% increase in gross profit to $2.4 million and operational profit rising to $1.5 million from $240,200 the previous year. Total assets increased by approximately $4 million, largely due to a $3.6 million rise in rental equipment, while total liabilities grew by $3.5 million primarily due to increased notes payable. The company expressed optimism about maintaining and potentially improving these margins in the upcoming quarters.AmeraMex International Financial Statement Overview
Summary
Earnings improved in 2025 with a return to positive operating profit and net income, but the overall picture is constrained by elevated leverage (debt-to-equity ~2.7) and weak cash conversion: operating cash flow and free cash flow were negative in 2025 despite positive net income. Revenue and profitability have also been volatile across recent years.Income Statement
Profitability rebounded in 2025 (annual) with positive operating profit and net income after losses in 2023–2024, and margins recovered to healthier levels (gross margin ~25%, net margin ~8%). However, revenue has been volatile—down sharply in 2022–2023, partial recovery since—and the company’s earnings profile has proven inconsistent, with recent history of negative net margins.58
Neutral
Balance Sheet
Leverage remains a key constraint. While debt levels improved versus 2024 and equity increased in 2025, debt is still high relative to equity (debt-to-equity ~2.7 in 2025), and the balance sheet has shown periods of much higher leverage (notably 2024 and 2020). Returns on equity swung materially from negative in 2023–2024 to strongly positive in 2025, highlighting sensitivity to operating conditions.42
Neutral
Cash Flow
Cash generation is the weakest area: operating cash flow and free cash flow were negative in 2025 despite positive net income, following another year (2024) where free cash flow was materially negative. The track record is volatile—strongly positive in 2021 and modestly positive in 2022, but negative again in 2023 and 2025—raising questions about the consistency of cash conversion and funding needs given the leveraged balance sheet.28
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.86M | 14.03M | 14.97M | 13.38M | 19.22M | 24.72M |
| Gross Profit | 109.75K | 3.52M | 1.23M | 2.07M | 4.49M | 5.03M |
| EBITDA | 531.53K | 2.04M | 887.35K | 269.25K | 2.70M | 4.24M |
| Net Income | -1.41M | 1.13M | -1.16M | -1.37M | 871.06K | 1.63M |
Balance Sheet | ||||||
| Total Assets | 17.60M | 18.20M | 17.51M | 17.83M | 13.08M | 10.79M |
| Cash, Cash Equivalents and Short-Term Investments | 124.06K | 556.80K | 84.93K | 588.13K | 1.03M | 995.61K |
| Total Debt | 10.24M | 9.92M | 11.76M | 9.74M | 6.79M | 5.65M |
| Total Liabilities | 14.72M | 14.53M | 15.26M | 14.43M | 8.86M | 7.51M |
| Stockholders Equity | 2.88M | 3.67M | 2.24M | 3.40M | 4.22M | 3.28M |
Cash Flow | ||||||
| Free Cash Flow | 1.55M | -791.67K | -2.75M | -3.45M | -51.06K | 4.55M |
| Operating Cash Flow | 6.94M | -791.67K | 2.61M | -2.36M | 1.91M | 5.78M |
| Investing Cash Flow | -4.65M | 5.13M | -5.00M | -1.09M | -1.96M | -1.24M |
| Financing Cash Flow | -2.42M | -4.01M | 1.89M | 3.01M | 87.66K | -3.96M |
AmeraMex International Technical Analysis
Positive
0.13
Price Trends
0.14
Positive
0.14
Positive
0.12
Positive
Market Momentum
<0.01
Positive
60.93
Neutral
45.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMMX, the sentiment is Positive. The current price of 0.13 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.14, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 60.93 is Neutral, neither overbought nor oversold. The STOCH value of 45.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMMX.
AmeraMex International Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $217.08M | 13.80 | 7.25% | ― | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $2.65M | 1.50 | ― | ― | 20.95% | 61.92% | |
55 Neutral | $23.92M | 3.08 | -128.19% | ― | -16.89% | 35.45% | |
52 Neutral | $12.01M | 10.92 | 15.99% | ― | -4.37% | ― | |
44 Neutral | $4.67M | -0.23 | -32.29% | ― | -26.84% | -0.16% | |
40 Underperform | $2.12M | -0.28 | 135.56% | ― | ― | ― |
* Industrials Sector Average
AMMX
AmeraMex International
0.18
-0.02
-8.38%
ARTW
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2.32
0.66
39.76%
GENC
Gencor
14.81
1.50
11.27%
UGRO
urban-gro
2.82
-17.18
-85.90%
HYFM
Hydrofarm Holdings Group
1.00
-2.30
-69.70%
XOS
Xos
2.11
-1.35
-39.02%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.