Try our mobile app

Switch to company model in classical logic    *

General information

Country: UNITED STATES

Sector: REIT — Specialty

AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medicinal and/or adult use cannabis. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. AFC Gamma, Inc. has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. The company was incorporated in 2020 and is based in West Palm Beach, Florida.
Website: afcgamma.com



Growth: Bad revenue growth rate 0.0%, are preserved at an average historical level 0.0%

Profitability: LTM EBITDA margin is positive, +65.3%. Gross margin is high, +100.0%. In the last quarter the company did not beat the estimated EPS, -9.2%. The company was ahead of estimated EPS in 50% of quarters (showing a gain of +$0.01 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 12.4%. Free cash flow yield -0.3% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 15.3% higher than minimum and 30.3% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 4.7x by EV / Sales multiple , the company can be 99.4% overvalued

Key Financials (Download financials)

Ticker: AFCG
Share price, USD:  (-0.9%)17.44
year average price 17.67  


year start price 22.33 2021-12-06

max close price 22.82 2021-12-28

min close price 15.13 2022-05-09

current price 17.44 2022-12-05
Common stocks: 19 715 749

Dividend Yield:  12.4%
FCF Yield LTM: -0.3%
EV / LTM EBITDA: 1 222.9x
EV / EBITDA annualized: 1087.1x
Last revenue growth (y/y):  ---
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  0.0%
Historical growth of EBITDA:  0.0%
EV / Sales: 798.7x
Margin (EBITDA LTM / Revenue): 65.3%
Fundamental value created in LTM:
Market Cap ($m): 344
Net Debt ($m): 51 835
EV (Enterprise Value): 52 179
Price to Book: 1.0x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2022-11-15The Motley Fool

What the Election Results Mean for Cannabis REITs

2022-11-08Seeking Alpha

AFC Gamma, Inc. (AFCG) Q3 2022 Earnings Call Transcript

2022-10-30Seeking Alpha

AFC Gamma: An Interesting Speculation With A 13.1% Yield

2022-10-20GlobeNewsWire

AFC Gamma, Inc. Schedules Third Quarter 2022 Earnings Conference Call for November 8, 2022

2022-09-27The Motley Fool

Is Loading Up on Passive Income Stocks Right Now a Good Idea?

2022-09-22MarijuanaStocks

Looking For Long Term Marijuana Stocks? 2 Cannabis REITs To Watch

2022-09-02MarijuanaStocks

3 Marijuana Stock To Buy In The Stock Market 2022?

2022-08-16Seeking Alpha

AFC Gamma: 11.20% Dividend Yield With Solid Q2 2022 Results

2022-08-10The Motley Fool

2 Cannabis Stocks You Can Buy and Hold for the Next Decade

2022-08-09Seeking Alpha

AFC Gamma, Inc. (AFCG) CEO Leonard Tannenbaum on Q2 2022 Results - Earnings Call Transcript
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2022 q3 2022 q2 2022 q1 2021 q3 2021 q2 2021 q1
date 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
symbol AFCG AFCG AFCG AFCG AFCG AFCG
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2022-11-08 2022-08-09 2022-05-10 2021-11-04 2021-08-05 2021-05-11
acceptedDate 2022-11-08 08:31:08 2022-08-09 08:28:17 2022-05-10 08:29:53 2021-11-04 08:06:39 2021-08-05 08:33:22 2021-05-11 08:15:55
calendarYear 2022.000 2022.000 2022.000 2021.000 2021.000 2021.000
period Q3 Q2 Q1 Q3 Q2 Q1
revenue 18M 19M 17M 12M 8M 5M
costOfRevenue 0 0 0 0 0 0
grossProfit 0 19M 0 0 0 0
grossProfitRatio 0 1.000 0 0 0 0
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 1M 5M 6M 3M 3M 3M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 1M 5M 6M 3M 3M 3M
otherExpenses 0 293 311 0 0 0 -144 402
operatingExpenses 0 6M 0 0 0 0
costAndExpenses 0 6M 0 0 0 0
interestIncome 20M 22M 19M 11M 9M 5M
interestExpense 2M 2M 2M 0 0 0
depreciationAndAmortization 0 0 0 0 0 0
ebitda 13M 13M 12M 8M 5M 1M
ebitdaratio 0.759 0.702 0.680 0.637 0.560 0.308
operatingIncome 0 0 0 0 0 0
operatingIncomeRatio 0 0 0 0 0 0
totalOtherIncomeExpensesNet 0 0 0 0 0 0
incomeBeforeTax 12M 12M 10M 8M 5M 1M
incomeBeforeTaxRatio 0.665 0.609 0.583 0.637 0.560 0.308
incomeTaxExpense 167 164 164 315 18 284 0 0 0
netIncome 11M 11M 10M 8M 5M 1M
netIncomeRatio 0.656 0.601 0.582 0.637 0.560 0.308
eps 0.570 0.580 0.530 0.480 0.340 0.200
epsdiluted 0.570 0.570 0.520 0.470 0.340 0.190
weightedAverageShsOut 20M 20M 19M 16M 13M 7M
weightedAverageShsOutDil 20M 20M 20M 17M 14M 7M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2021 q2 2021 q1 2020 q3
date 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30
symbol AFCG AFCG AFCG AFCG AFCG AFCG AFCG AFCG
reportedCurrency USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2022-11-08 2022-08-09 2022-05-10 2022-03-10 2021-11-04 2021-08-05 2021-05-11 2020-09-30
acceptedDate 2022-11-08 08:31:08 2022-08-09 08:28:17 2022-05-10 08:29:53 2022-03-10 08:16:11 2021-11-04 08:06:39 2021-08-05 08:33:22 2021-05-11 08:15:55 2020-09-30
calendarYear 2022.000 2022.000 2022.000 2021.000 2021.000 2021.000 2021.000 2021.000
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q3
cashAndCashEquivalents 36M 46M 64M 109M 70M 125M 127M 31M
shortTermInvestments 0 95M 0 77M 0 0 0 0
cashAndShortTermInvestments 36M 141M 64M 186M 70M 125M 127M 31M
netReceivables 4M 5M 31M 3M 2M 1M 1M 783 673
inventory 0 0 0 0 0 0 0 0
otherCurrentAssets 0 315M 0 0 0 0 0 0
totalCurrentAssets 0 461M 0 189M 0 0 0 0
propertyPlantEquipmentNet 0 0 0 0 0 0 0 0
goodwill 0 0 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0 0 0
longTermInvestments 0 0 0 0 0 0 0 0
taxAssets 0 0 0 0 0 0 0 0
otherNonCurrentAssets 0 0 0 0 0 0 0 0
totalNonCurrentAssets 0 0 0 0 0 0 0 0
otherAssets 471M 0 454M 276M 304M 279M 222M 83M
totalAssets 471M 459M 454M 465M 304M 279M 222M 83M
accountPayables 10M 7M 5M 0 9M 7M 4M 2M
shortTermDebt 0 97M 0 97M 0 0 0 0
taxPayables 0 0 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0 0 0
otherCurrentLiabilities 0 -7M 0 0 0 0 0 0
totalCurrentLiabilities 0 97M 0 97M 0 0 0 0
longTermDebt 97M 97M 97M -6M 0 0 0 0
deferredRevenueNonCurrent 0 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 0 0
otherNonCurrentLiabilities 0 0 0 101M 0 0 0 0
totalNonCurrentLiabilities 0 97M 97M 95M 0 0 0 0
otherLiabilities 124M 0 21M 0 29M 10M 5M 2M
capitalLeaseObligations 0 0 0 0 0 0 0 0
totalLiabilities 124M 121M 118M 192M 29M 10M 5M 2M
preferredStock 1.000 1.000 1.000 0 1.000 1.000 1.000 0
commonStock 203 640 197 933 196 784 163 866 163 866 161 169 133 669 53 764
retainedEarnings -1M -2M -2M -1M 94 754 -765 517 -306 391 2M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 -168 750 0 0 0 0
othertotalStockholdersEquity 349M 340M 338M 274M 274M 269M 217M 79M
totalStockholdersEquity 347M 338M 337M 273M 274M 268M 216M 81M
totalLiabilitiesAndStockholdersEquity 471M 459M 454M 465M 304M 279M 222M 83M
minorityInterest 0 0 0 0 0 0 0 0
totalEquity 347M 338M 337M 273M 274M 268M 216M 81M
totalLiabilitiesAndTotalEquity 471M 459M 454M 465M 304M 279M 222M 83M
totalInvestments 0 0 0 0 0 0 0 0
totalDebt 97M 194M 97M 91M 0 0 0 0
netDebt 61M 148M 33M -19M -70M -125M -127M -31M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Cash Flow Statement

Property 2022 q3 2022 q2 2022 q1 2021 q3 2021 q2 2021 q1
date 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31
symbol AFCG AFCG AFCG AFCG AFCG AFCG
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2022-11-08 2022-08-09 2022-05-10 2021-11-04 2021-08-05 2021-05-11
acceptedDate 2022-11-08 08:31:08 2022-08-09 08:28:17 2022-05-10 08:29:53 2021-11-04 08:06:39 2021-08-05 08:33:22 2021-05-11 08:15:55
calendarYear 2022.000 2022.000 2022.000 2021.000 2021.000 2021.000
period Q3 Q2 Q1 Q3 Q2 Q1
netIncome 11M 11M 10M 8M 5M 1M
depreciationAndAmortization 0 0 0 0 0 0
deferredIncomeTax 0 0 0 0 0 0
stockBasedCompensation 114 062 117 397 990 023 51 429 11 457 2M
changeInWorkingCapital 2M 2M -1M -3M 2M 427 168
accountsReceivables 510 813 -1M 287 627 -2M 1M -27 968
inventory 0 0 0 0 0 0
accountsPayables 1M -1M 1M -2M -620 621 -82 266
otherWorkingCapital 489 815 5M -4M 0 0 0
otherNonCashItems -2M -3M -5M -4M -1M -1M
netCashProvidedByOperatingActivities 12M 11M 5M 109 857 5M 2M
investmentsInPropertyPlantAndEquipment 0 0 0 0 0 0
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 -450 000 0 0 0 0
otherInvestingActivites -19M -19M -30M -60M -55M -7M
netCashUsedForInvestingActivites -19M -19M -30M -60M -55M -7M
debtRepayment 0 0 -75M 0 0 0
commonStockIssued 9M 2M 64M 5M 53M 127M
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid -11M -11M -8M 0 -5M -2M
otherFinancingActivites -61 674 -682 912 -966 779 -185 273 -701 989 -3M
netCashUsedProvidedByFinancingActivities -2M -10M -20M 5M 47M 122M
effectOfForexChangesOnCash 0 0 0 0 0 0
netChangeInCash -9M -18M -46M -55M -2M 117M
cashAtEndOfPeriod 36M 46M 64M 70M 125M 127M
cashAtBeginningOfPeriod 46M 64M 109M 125M 127M 10M
operatingCashFlow 12M 11M 5M 109 857 5M 2M
capitalExpenditure 0 0 0 0 0 0
freeCashFlow 12M 11M 5M 109 857 5M 2M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Statements

Q Earning call transcript Income Statement Balance Sheet Statement Cash Flow Statement
2022 q3 2022-11-08
(fiscal 2022 q3)
2022-11-08 2022-11-08 2022-11-08
2022 q2 2022-08-09
(fiscal 2022 q2)
2022-08-09 2022-08-09 2022-08-09
2022 q1 2022-05-10
(fiscal 2022 q1)
2022-05-10 2022-05-10 2022-05-10
2021 q4 2022-03-10
(fiscal 2021 q4)
2022-03-10
2021 q3 2021-11-05
(fiscal 2021 q3)
2021-11-04 2021-11-04 2021-11-04
2021 q2 2021-08-08
(fiscal 2021 q2)
2021-08-05 2021-08-05 2021-08-05
2021 q1 2021-05-11
(fiscal 2021 q1)
2021-05-11 2021-05-11 2021-05-11
2020 q4
2020 q3 2020-09-30
2020 q2
2020 q1

Press-releases

Show financial reports only

2022-11-08 08:32 ET
AFC Gamma, Inc. Announces Financial Results for Third Quarter 2022
2022-10-25 07:07 ET
AFC Gamma and Viridescent Realty Trust Amend $150 Million Credit Facility to Acreage Holdings
2022-10-20 16:30 ET
AFC Gamma, Inc. Schedules Third Quarter 2022 Earnings Conference Call for November 8, 2022
2022-09-15 08:00 ET
AFC Gamma Announces Third Quarter Dividend
2022-08-09 08:32 ET
AFC Gamma, Inc. Announces Financial Results for Second Quarter 2022
2022-07-19 09:00 ET
AFC Gamma, Inc. Schedules Second Quarter 2022 Earnings Conference Call for August 9, 2022
2022-06-15 16:01 ET
AFC Gamma Increases Dividend For Fourth Consecutive Quarter
2022-05-17 07:00 ET
AFC Foundation Announces Charitable Donations to Three Non-Profit Organizations
2022-05-10 08:32 ET
AFC Gamma, Inc. Announces Financial Results for First Quarter 2022

SEC forms

Show financial reports only

SEC form 10
2022-11-08 00:00 ET
AFC Gamma, Inc. published news for 2022 q3
SEC form 8
2022-11-08 00:00 ET
AFC Gamma, Inc. published news for 2022 q3
SEC form 10
2022-08-09 00:00 ET
AFC Gamma, Inc. reported for 2022 q2
SEC form 8
2022-08-09 00:00 ET
AFC Gamma, Inc. published news for 2022 q2
SEC form 10
2022-05-10 00:00 ET
AFC Gamma, Inc. reported for 2022 q1
SEC form 8
2022-05-10 00:00 ET
AFC Gamma, Inc. published news for 2022 q1
SEC form 10
2022-03-10 00:00 ET
AFC Gamma, Inc. published news for 2021 q4
SEC form 8
2022-03-10 00:00 ET
AFC Gamma, Inc. published news for 2021 q4
SEC form 10
2021-11-04 00:00 ET
AFC Gamma, Inc. reported for 2021 q3
SEC form 8
2021-11-04 00:00 ET
AFC Gamma, Inc. published news for 2021 q3
SEC form 8
2021-10-06 00:00 ET
AFC Gamma, Inc. published news for 2021 q3
SEC form 10
2021-08-05 00:00 ET
AFC Gamma, Inc. reported for 2021 q2
SEC form 10
2021-05-11 00:00 ET
AFC Gamma, Inc. published news for 2021 q1