Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Headquartered in Boulder City, Nevada, Amerityre Corporation, established in 1995, specializes in the research, development, manufacturing, and distribution of polyurethane tires across the United States. The company offers a broad range of tire solutions, including closed-cell polyurethane foam tires designed for various light-duty applications such as bicycles, golf carts, hand trucks, lawn and garden equipment, wheelbarrows, personnel carriers, and medical mobility devices, alongside custom designs. Additionally, Amerityre produces robust polyurethane elastomer industrial tires for forklifts and scissor lifts, as well as specialized agricultural tires like seeder, hay baler, and flat-free pivot tires for irrigation systems. Its product portfolio also encompasses other specialty tires and tire-wheel assemblies. Amerityre serves a diverse client base, including original equipment manufacturers of lawn and garden and outdoor power equipment, regional and agricultural tire distributors, retail cooperatives, and retailers specializing in lawn and garden, bicycle, and hand truck tires. The company was previously known as American Tire Corporation until its rebranding in December 1999.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive