REFI - Chicago Atlantic Real Estate Finance, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.00
DETAILS
HIGH:
$20.00
LOW:
$14.00
MEDIAN:
$17.00
CONSENSUS:
$17.00
UPSIDE:
50.44%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 63.1 | 54.8 | 57.3 | 48.9 | 14.5 |
| Cost of Revenue | 8.3 | 0 | 0 | 0 | 0.2 |
| Gross Profit | 54.8 | 54.8 | 57.3 | 48.9 | 14.2 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 8.7 | 8.4 | 6.7 | 4.0 | 1.6 |
| Other Expenses | 10.1 | 46.3 | 50.6 | 44.9 | 0 |
| Operating Expenses | 18.8 | 54.8 | 57.3 | 48.9 | 1.6 |
| Operating Income | |||||
| Operating Income | 36.0 | 0 | 0 | 0 | 12.7 |
| Interest Expense | 7.5 | 7.2 | 5.8 | 2.6 | 0.1 |
| Interest Income | 62.9 | 62.1 | 62.9 | 51.5 | 10,749.5 |
| Profitability | |||||
| EBITDA | 36.0 | 0 | 0 | 0 | 0 |
| EBIT | 36.0 | 0 | 0 | 0 | 0 |
| Income Before Tax | 36.0 | 37.0 | 38.7 | 32.3 | 12.7 |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 |
| Net Income | 36.0 | 37.0 | 38.7 | 32.3 | 12.7 |
| Per Share Data | |||||
| EPS (Basic) | 1.71 | 1.92 | 2.14 | 1.83 | 0.54 |
| EPS (Diluted) | 1.68 | 1.88 | 2.11 | 1.82 | 0.54 |
| Shares Outstanding | 21.0 | 19.3 | 18.1 | 17.7 | 17.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 14.9 | 26.4 | 7.9 | 5.7 | 80.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 4.0 | 403.5 | 348.7 | 335.3 | 196.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 5.0 | 1.5 | 1.4 | 0.2 |
| Total Current Assets | 19.0 | 434.8 | 358.0 | 342.5 | 277.3 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 403.9 | 0 | 0.8 | 0 | 0 |
| Other Non-Current Assets | 2.1 | 0.3 | 0.4 | 0.8 | 0.9 |
| Total Non-Current Assets | 406.0 | 0.3 | 1.2 | 0.8 | 0.9 |
| Total Assets | 424.9 | 435.1 | 359.2 | 343.3 | 278.2 |
| Current Liabilities | |||||
| Account Payables | 1.3 | 2.2 | 1.1 | 1.0 | 0.2 |
| Short-Term Debt | 49.1 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 13.6 | 13.9 | 13.6 | 4.5 |
| Total Current Liabilities | 66.9 | 20.0 | 19.3 | 19.7 | 12.2 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 49.3 | 104.1 | 66 | 58 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.8 | 2.1 | 2.1 | 1.5 | 1.9 |
| Total Non-Current Liabilities | 50.2 | 106.2 | 68.1 | 59.5 | 1.9 |
| Total Liabilities | 117.1 | 126.2 | 87.4 | 79.2 | 14.1 |
| Stockholders' Equity | |||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Retained Earnings | (15.5) | (10.1) | (5.8) | (5.1) | (0.2) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 307.8 | 309.0 | 271.9 | 264.0 | 264.1 |
| Total Liabilities & Equity | 424.9 | 435.1 | 359.2 | 343.3 | 278.2 |
| Debt Metrics | |||||
| Total Debt | 98.4 | 104.1 | 66 | 58 | 0 |
| Net Debt | 83.5 | 77.7 | 58.1 | 52.3 | (80.2) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 36.0 | 37.0 | 38.7 | 32.3 | 9.5 |
| Depreciation & Amortization | 0 | 0 | 0 | 563.5 | 0.1 |
| Stock-Based Compensation | 3.4 | 3.1 | 1.5 | 0.4 | 0.0 |
| Change in Working Capital | (1.8) | (5.9) | (0.6) | (10.4) | (1.7) |
| Other Non-Cash Items | (8.7) | (11.0) | (11.1) | (568.8) | (1.3) |
| Operating Cash Flow | 28.8 | 23.2 | 28.4 | 17.0 | 6.7 |
| Investing Activities | |||||
| Capital Expenditure | 0 | 0.0 | 0 | 0.0 | 0.0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 6,696.8 | 0 |
| Other Investing Activities | 8.7 | (39.3) | (1.9) | (6,822.0) | (145.2) |
| Investing Cash Flow | 8.7 | (39.3) | (1.9) | (125.2) | (145.2) |
| Financing Activities | |||||
| Net Debt Issuance | (5.9) | 37.9 | 8 | 58 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (43.8) | (41.6) | (39.1) | (28.2) | (6.8) |
| Other Financing Activities | (0.3) | (1.2) | (0.1) | (0.6) | 1.7 |
| Financing Cash Flow | (49.0) | 34.6 | (24.3) | 33.7 | 218.8 |
| Cash Position | |||||
| Net Change in Cash | (11.5) | 18.5 | 2.2 | (74.5) | 80.2 |
| Cash at Beginning | 26.4 | 7.9 | 5.7 | 80.2 | 0 |
| Cash at End | 14.9 | 26.4 | 7.9 | 5.7 | 80.2 |
| Free Cash Flow | 28.8 | 23.2 | 28.4 | 17.0 | 6.7 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 63.1 | 54.8 | 57.3 | 48.9 | 14.5 |
| Gross Profit | 54.8 | 54.8 | 57.3 | 48.9 | 14.2 |
| Operating Income | 36.0 | 0 | 0 | 0 | 12.7 |
| Net Income | 36.0 | 37.0 | 38.7 | 32.3 | 12.7 |
| EPS (Diluted) | 1.68 | 1.88 | 2.11 | 1.82 | 0.54 |
| Balance Sheet | |||||
| Cash & Equivalents | 14.9 | 26.4 | 7.9 | 5.7 | 80.2 |
| Total Assets | 424.9 | 435.1 | 359.2 | 343.3 | 278.2 |
| Total Debt | 98.4 | 104.1 | 66 | 58 | 0 |
| Stockholders' Equity | 307.8 | 309.0 | 271.9 | 264.0 | 264.1 |
| Cash Flow | |||||
| Operating Cash Flow | 28.8 | 23.2 | 28.4 | 17.0 | 6.7 |
| Capital Expenditure | 0 | 0.0 | 0 | 0.0 | 0.0 |
| Free Cash Flow | 28.8 | 23.2 | 28.4 | 17.0 | 6.7 |