TacticScaleWhat REX American Resources Does & How It Makes Money (REX)
Updated October 2026 · reflects REX American Resources's latest reported financials
US ethanol producer that also sells animal feed and corn oil. It buys corn and natural gas, turns the corn into ethanol, and sells the ethanol to fuel markets.
How REX American Resources makes money
It buys corn and natural gas, turns the corn into ethanol, and sells the ethanol to fuel markets. It earns more by selling the leftover distillers grains as animal feed and extracting corn oil to sell.
What REX American Resources does
REX American Resources Corporation produces and sells ethanol in the United States. Corn is its main input. Ethanol is the core product, and the process also yields co-products: distillers grains, including dried distillers grains with solubles used as a protein source in animal feed, and distillers corn oil. The company also deals in corn, gasoline and natural gas as part of its operations. The company was founded in 1980 as REX Stores Corporation and took its current name in June 2010. It is headquartered in Dayton, Ohio. Because it buys corn and sells fuel and feed, its results depend on commodity prices across agriculture and energy markets.
Products & services
- Ethanol
- Dried distillers grains with solubles (DDGS)
- Distillers corn oil
- Distillers grains (animal feed)
What is REX American Resources worth?
On an owner-earnings DCF, REX American Resources's most-likely value is about $21 versus a recent price near $42 (51% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$15) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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