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Advanced Flower Capital Inc. (AFCG) 10-Year Financial Performance & Capital Metrics

AFCG • • REIT / Real Estate
Real EstateSpecialty REITsSpecialty Real Estate FinanceCannabis Industry Lenders
AboutAdvanced Flower Capital, Inc. provides commercial real estate finance services. It primarily engages in originating, structuring, underwriting and managing senior secured loans and other types of loans for established companies operating in the cannabis industry in states. The company was founded by Leonard Mark Tannenbaum on July 6, 2020 and is headquartered in West Palm Beach, FL.Show more
  • Revenue $52M +0.2%
  • FFO $18M -15.0%
  • FFO/Share 0.85 -17.2%
  • FFO Payout 224.54% +10.6%
  • FFO per Share 0.85 -17.2%
  • NOI Margin 80.03% -20.0%
  • FFO Margin 34.32% -15.2%
  • ROE 6.44% +1.3%
  • ROA 3.86% -9.1%
  • Debt/Assets 46.91% +68.4%
  • Net Debt/EBITDA 4.12 +221.5%
  • Book Value/Share 9.64 -38.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High NOI margin of 80.0%
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Dividend exceeds FFO - may not be sustainable
  • ✗Weak momentum: RS Rating 11 (bottom 11%)
  • ✗Dividend payout exceeds 100% of earnings
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y10.87%
TTM-105.14%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-7.2%
TTM-362.94%

EPS CAGR

10Y-
5Y-
3Y-14.5%
TTM-351.15%

ROCE

10Y Avg6.76%
5Y Avg6.76%
3Y Avg6.66%
Latest3.97%

Peer Comparison

Cannabis Industry Lenders
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AFCGAdvanced Flower Capital Inc.54.9M2.433.040.19%32.34%-13.33%39.26%0.94

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+11.48M38.08M71.54M51.8M51.9M
Revenue Growth %-2.32%0.88%-0.28%0%
Property Operating Expenses02.65M11.18M010.36M
Net Operating Income (NOI)+-----
NOI Margin %-----
Operating Expenses+5.71M-17.05M6.3M20.86M17.28M
G&A Expenses5.71M4.96M6.04M20.86M5.53M
EBITDA+5.77M37.46M81.95M30.94M20.65M
EBITDA Margin %-----
Depreciation & Amortization+016.43M38.18M00
D&A / Revenue %-----
Operating Income+5.77M21.04M43.77M30.94M13.86M
Operating Margin %-----
Interest Expense+01.13M6.81M6.36M6.34M
Interest Coverage-18.67x6.42x4.87x2.19x
Non-Operating Income5.77M-29.14M-3.67M30.94M-6.78M
Pretax Income+10.35M21.04M36.96M22.38M14.31M
Pretax Margin %-----
Income Tax+035.17K1.03M1.66M447.59K
Effective Tax Rate %-----
Net Income+10.35M21M35.93M20.95M16.78M
Net Margin %-----
Net Income Growth %-1.03%0.71%-0.42%-0.2%
Funds From Operations (FFO)+-----
FFO Margin %-----
FFO Growth %--0.98%--
FFO per Share+-----
FFO Payout Ratio %-----
EPS (Diluted)+0.321.281.801.020.80
EPS Growth %-3%0.41%-0.43%-0.22%
EPS (Basic)0.321.281.811.020.78
Diluted Shares Outstanding13.37M16.44M19.96M20.35M20.89M

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+93.96M464.85M519.18M466.59M402.06M
Asset Growth %-3.95%0.12%-0.1%-0.14%
Real Estate & Other Assets+0-15.88M000
PP&E (Net)00000
Investment Securities01000K000
Total Current Assets+93.96M00466.59M402.06M
Cash & Equivalents9.62M109.25M140.37M90.38M103.61M
Receivables1000K1000K1000K1000K1000K
Other Current Assets999.39K-130.49M-146.09M37.49M3.2M
Intangible Assets00000
Total Liabilities2.31M191.77M180.12M146.53M200.68M
Total Debt+0171.42M157.13M130.01M188.61M
Net Debt-9.62M62.17M16.76M39.63M85M
Long-Term Debt096.57M97.13M88.01M88.61M
Short-Term Borrowings01000K1000K1000K1000K
Capital Lease Obligations00000
Total Current Liabilities+2.31M0058.51M112.07M
Accounts Payable154.9K5.77M4.24M704.68K501.33K
Deferred Revenue00000
Other Liabilities0-96.57M-97.13M10K0
Total Equity+91.65M273.08M339.06M320.05M201.38M
Equity Growth %-1.98%0.24%-0.06%-0.37%
Shareholders Equity91.65M273.08M339.06M320.05M201.38M
Minority Interest00000
Common Stock61.79K163.87K203.64K204.58K223.33K
Additional Paid-in Capital91.07M274.17M348.82M349.81M251.87M
Retained Earnings517.72K-1.09M-9.96M-29.96M-50.71M
Preferred Stock11110
Return on Assets (ROA)0.11%0.08%0.07%0.04%0.04%
Return on Equity (ROE)0.11%0.12%0.12%0.06%0.06%
Debt / Assets-0.37%0.3%0.28%0.47%
Debt / Equity-0.63x0.46x0.41x0.94x
Net Debt / EBITDA-1.67x1.66x0.20x1.28x4.12x
Book Value per Share6.8616.6116.9915.739.64

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.52M9.54M31.32M21.23M21.56M
Operating CF Growth %-5.28%2.28%-0.32%0.02%
Operating CF / Revenue %-----
Net Income4.31M21M35.93M20.72M13.86M
Depreciation & Amortization032.85K262.39K01.03M
Stock-Based Compensation01.75M1.34M988.91K1.39M
Other Non-Cash Items-2.65M-8.4M-5.15M4.12M6.22M
Working Capital Changes-145.94K-4.8M-1.06M-4.6M-942.23K
Cash from Investing+-32.43M-248.46M-16.34M28.52M-4.85M
Acquisitions (Net)00000
Purchase of Investments0-16.05M000
Sale of Investments001000K00
Other Investing-32.43M-232.41M-32.24M28.52M-4.85M
Cash from Financing+40.53M338.54M16.15M-68.49M-34.72M
Dividends Paid-3.8M-14.39M-41.62M-42.53M-39.99M
Common Dividends0-14.39M-41.62M-42.53M-39.99M
Debt Issuance (Net)01000K-1000K-1000K1000K
Share Repurchases00000
Other Financing0-7.57M-2.29M-225K-68.46M
Net Change in Cash+9.62M99.62M31.13M-18.75M-18.02M
Exchange Rate Effect-10000
Cash at Beginning09.62M109.25M140.37M121.63M
Cash at End9.62M109.25M140.37M121.63M103.61M
Free Cash Flow+1.52M9.54M31.32M21.23M21.56M
FCF Growth %-5.28%2.28%-0.32%0.02%
FCF / Revenue %-----

Key Ratios

Metric20202021202220232024
FFO per Share0.772.283.711.030.85
FFO Payout Ratio0%38.45%56.16%203%224.54%
NOI Margin100%93.04%84.38%100%80.03%
Net Debt / EBITDA-1.67x1.66x0.20x1.28x4.12x
Debt / Assets-36.88%30.27%27.87%46.91%
Interest Coverage-18.67x6.42x4.87x2.19x
Book Value / Share6.8616.6116.9915.739.64
Revenue Growth-231.64%87.85%-27.59%0.19%

Frequently Asked Questions

Valuation & Price

Advanced Flower Capital Inc. (AFCG) has a price-to-earnings (P/E) ratio of 3.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Advanced Flower Capital Inc. (AFCG) reported $-2.2M in revenue for fiscal year 2024. This represents a 119% decrease from $11.5M in 2020.

Advanced Flower Capital Inc. (AFCG) grew revenue by 0.2% over the past year. Growth has been modest.

Advanced Flower Capital Inc. (AFCG) reported a net loss of $22.6M for fiscal year 2024.

Dividend & Returns

Yes, Advanced Flower Capital Inc. (AFCG) pays a dividend with a yield of 78.78%. This makes it attractive for income-focused investors.

Advanced Flower Capital Inc. (AFCG) has a return on equity (ROE) of 6.4%. This is below average, suggesting room for improvement.

Industry Metrics

Advanced Flower Capital Inc. (AFCG) generated Funds From Operations (FFO) of $-2.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Advanced Flower Capital Inc. (AFCG) offers a 78.78% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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