Amcon Distributing Company (DIT) AI Stock Analysis

Amcon Distributing Company

(NYSE MKT:DIT)

Select Model

Rating:38Underperform

Price Target:$56.00▼(-10.40% Downside)

Action:reiterated

Date:08/17/26

DIT scores near the bottom of the range, driven primarily by severely deteriorating financial performance — collapsing margins, plummeting net income, tripling debt, and sharply declining free cash flow despite strong revenue growth. Valuation is unattractive with a P/E of 46x on near-zero earnings, offering no margin of safety. Technical indicators confirm a sustained downtrend with the stock trading well below key moving averages. The NYSE Texas dual listing is a minor positive but insufficient to offset fundamental weaknesses. The company's growth-at-all-costs strategy has yet to demonstrate it can create shareholder value, and the thin-margin distribution business leaves little room for error given the elevated debt load.

Positive Factors

Strong Revenue GrowthAMCON has expanded revenue substantially across several years, indicating continued demand for its wholesale distribution offering and broader customer reach. Sustained top-line growth can support operating scale, strengthen supplier relationships, and provide a durable foundation for future earnings if profitability improves.

Negative Factors

Severely Thin ProfitabilityProfitability has deteriorated to extremely narrow levels, leaving little cushion between revenue and earnings. Such limited margins make results highly sensitive to procurement costs, operating expenses, and pricing pressure, while reducing the company’s ability to convert revenue growth into durable shareholder returns.

Amcon Distributing Company (DIT) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $61.00M
Dividend Yield: 1.08%
Average Volume (3M): 1,329
Price to Earnings (P/E): 43.1
Beta (1Y): 0.42
Revenue Growth: 7.48%
EPS Growth: 37.98%
Country: US
Employees: 1,431
Sector: Consumer Defensive
Sector Strength: 62
Industry: Food Distribution

Amcon Distributing Company Business Overview & Revenue Model

Company Description

AMCON Distributing Company, through its group of subsidiaries, primarily functions as a wholesale distributor of various consumer goods across the Central, Rocky Mountain, and Mid-South regions of the United States. The company's business operations...

How the Company Makes Money

Amcon primarily makes money by purchasing branded consumer products from manufacturers and other suppliers and reselling them to retail outlets (especially convenience stores) at a markup, generating revenue from the sale of cigarettes/tobacco produc...

Amcon Distributing Company Financial Statement Overview

Summary

Financial performance is deeply concerning. Despite impressive revenue growth to $3.4B, net margins have collapsed to near-zero (~0.05% TTM), net income fell from $15.5M to under $2M, and free cash flow declined over 80% to just $2.7M TTM. Debt has tripled to $201M while ROE plummeted from 20% to 1.6%. The company is growing revenue but failing to convert it into meaningful earnings or cash flow, a critical weakness in the already razor-thin margin food distribution industry.

Income Statement

28Negative

Balance Sheet

35Negative

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	3.44B	2.82B	2.71B	2.54B	2.01B	1.67B
Gross Profit	187.52M	188.23M	182.35M	170.84M	127.72M	100.55M
EBITDA	22.88M	11.40M	27.37M	33.43M	27.37M	21.12M
Net Income	1.80M	568.74K	4.34M	11.60M	16.67M	15.55M
Balance Sheet
Total Assets	399.33M	391.09M	374.11M	363.43M	289.12M	188.41M
Cash, Cash Equivalents and Short-Term Investments	636.64K	744.61K	672.79K	790.93K	431.58K	519.59K
Total Debt	201.13M	174.02M	168.84M	177.54M	120.48M	67.45M
Total Liabilities	283.84M	278.02M	262.38M	259.26M	196.30M	110.80M
Stockholders Equity	115.49M	113.07M	111.73M	104.17M	92.83M	77.61M
Cash Flow
Free Cash Flow	2.73M	9.66M	47.44M	8.16M	8.20M	19.41M
Operating Cash Flow	15.24M	18.67M	67.87M	19.72M	22.89M	20.94M
Investing Cash Flow	-6.76M	-15.02M	-42.11M	-66.27M	-14.36M	-1.47M
Financing Cash Flow	-8.67M	-3.57M	-25.88M	46.91M	-8.62M	-19.61M

Amcon Distributing Company Technical Analysis

Technical Analysis SentimentNegative

Last Price62.50

Price Trends

50DMA64.92Negative

100DMA66.73Negative

200DMA73.62Negative

Market Momentum

MACD-0.76Negative

RSI47.94Neutral

STOCH42.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DIT, the sentiment is Negative. The current price of 62.50 is below the 20-day moving average (MA) of 63.01, below the 50-day MA of 64.92, and below the 200-day MA of 73.62, indicating a bearish trend. The MACD of -0.76 indicates Negative momentum. The RSI at 47.94 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DIT.

Amcon Distributing Company Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

DIT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHEF	69Neutral	$4.53B	39.48	16.08%	―	11.51%	36.16%
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
UNFI	52Neutral	$2.77B	33.14	5.32%	―	-1.99%	―
HFFG	48Neutral	$78.16M	-2.23	-16.25%	―	2.78%	28.68%
DIT	38Underperform	$61.00M	43.10	1.58%	1.08%	7.48%	37.98%

* Consumer Defensive Sector Average

Performance Comparison

DIT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DIT	Amcon Distributing	62.50	-15.47	-19.84%
CHEF	The Chefs' Warehouse Inc	104.23	43.51	71.66%
UNFI	United Natural Foods	45.87	8.51	22.78%
HFFG	Hf Foods Group	1.45	-0.70	-32.56%

Amcon Distributing Company Corporate Events

Business Operations and StrategyDelistings and Listing Changes

Amcon Distributing adds dual listing on NYSE Texas

Positive

Aug 12, 2026

On August 6, 2026, AMCON Distributing Company received authorization from NYSE Texas, Inc. for a dual listing of its common stock on the NYSE Texas exchange. The company’s shares were scheduled to begin trading on NYSE Texas on August 13, 2026,...

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.

Date of analysis: Aug 17, 2026

Amcon Distributing Company AI Stock Analysis