Chicago Atlantic BDC, Inc. (LIEN) 10-Year Financial Performance & Capital Metrics

LIEN • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutSilver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.Show more

Net Interest Income $20M +69.6%
Total Revenue $18M +79.1%
Net Income $10M +31.1%
Return on Equity 4.98% -41.7%
Net Interest Margin 6.43% -51.5%
Efficiency Ratio 46.46% -53.5%
ROA 4.83% -42.2%
Equity / Assets 97.29% +0.7%
Book Value per Share 29.12 +111.5%
Tangible BV/Share 29.12 +111.5%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 6.4%
✓Efficient operations: 46.5% efficiency ratio
✓Well capitalized: 97.3% equity/assets
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 66.4% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y1112.85%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM696.25%

EPS CAGR

10Y-

5Y-

3Y-

TTM273.74%

ROCE

10Y Avg3.64%

5Y Avg3.64%

3Y Avg3.64%

Latest4.87%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Mar 2021	Mar 2022	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	10.07K	0	11.74M	19.91M
NII Growth %	-	-	-1%	-	0.7%
Net Interest Margin %	-	-	-	-	-
Interest Income	0	10.07K	0	11.74M	19.91M
Interest Expense	0	0	0	0	0
Loan Loss Provision	0	0	0	0	0
Non-Interest Income+	0	0	4.05M	-1.71M	-1.93M
Non-Interest Income %	-	-	-	-	-
Total Revenue+	0	10.07K	4.05M	10.03M	17.97M
Revenue Growth %	-	-	400.75%	1.48%	0.79%
Non-Interest Expense	958.29K	10.07K	1.98M	10.03M	8.35M
Efficiency Ratio	-	-	-	-	-
Operating Income+	-958.29K	0	2.06M	0	9.62M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	1%	-	-1%	-
Pretax Income+	-958.29K	-563.37K	1.71M	7.34M	9.62M
Pretax Margin %	-	-	-	-	-
Income Tax+	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-
Net Income+	-958.29K	-563.37K	1.71M	7.34M	9.62M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	0.41%	4.03%	3.3%	0.31%
Net Income (Continuing)	-958.29K	-563.37K	1.71M	7.34M	9.62M
EPS (Diluted)+	-1.09	-0.64	0.31	1.18	0.93
EPS Growth %	-	0.41%	1.48%	2.81%	-0.21%
EPS (Basic)	-1.09	-0.64	0.31	1.18	0.93
Diluted Shares Outstanding	877.41K	877.41K	5.55M	6.21M	10.34M

Balance Sheet

	Mar 2021	Mar 2022	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	0	1000K	1000K	1000K	1000K
Cash & Due from Banks	0	84.77M	35.13M	32.61M	23.93M
Short Term Investments	0	0	0	0	0
Total Investments+	0	0	50.25M	54.12M	275.24M
Investments Growth %	-	-	-	0.08%	4.09%
Long-Term Investments	0	0	50.25M	54.12M	275.24M
Accounts Receivables	0	9.21K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-
Goodwill	0	0	0	0	0
Intangible Assets	0	0	0	0	0
PP&E (Net)	0	0	0	0	0
Other Assets	0	0	0	0	0
Total Current Assets	0	85.03M	36.72M	34.46M	23.93M
Total Non-Current Assets	0	0	50.25M	54.12M	275.24M
Total Assets+	276.26K	85.03M	86.97M	88.58M	309.56M
Asset Growth %	-	306.8%	0.02%	0.02%	2.49%
Return on Assets (ROA)	-3.47%	-0.01%	0.02%	0.08%	0.05%
Accounts Payable	0	0	0	0	37.75K
Total Debt+	0	0	0	0	0
Net Debt	0	-84.77M	-35.13M	-32.61M	-23.93M
Long-Term Debt	0	0	0	0	0
Short-Term Debt	0	0	0	0	0
Other Liabilities	0	479.7K	33.66K	13.82K	8.36M
Total Current Liabilities	0	0	461.88K	3.01M	37.75K
Total Non-Current Liabilities	0	479.7K	33.66K	13.82K	8.36M
Total Liabilities	435.97K	479.7K	495.55K	3.02M	8.4M
Total Equity+	-159.72K	84.55M	86.48M	85.55M	301.16M
Equity Growth %	-	530.39%	0.02%	-0.01%	2.52%
Equity / Assets (Capital Ratio)	-	-	-	-	-
Return on Equity (ROE)	-	-0.01%	0.02%	0.09%	0.05%
Book Value per Share	-0.18	96.37	15.58	13.77	29.12
Tangible BV per Share	-	-	-	-	-
Common Stock	0	62.15K	62.15K	62.15K	228.2K
Additional Paid-in Capital	0	84.92M	84.92M	85.04M	303.27M
Retained Earnings	-159.72K	-427.85K	1.5M	449.27K	-2.34M
Accumulated OCI	0	0	0	0	0
Treasury Stock	0	0	0	0	0
Preferred Stock	0	0	0	0	0

Cash Flow

	Mar 2021	Mar 2022	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	0	-509.11K	-50.15M	5.75M	-5.03M
Operating CF Growth %	-	-	-97.5%	1.11%	-1.88%
Net Income	-958.29K	-563.37K	1.71M	7.34M	9.62M
Depreciation & Amortization	0	0	0	0	0
Deferred Taxes	0	0	0	0	0
Other Non-Cash Items	0	0	-50.24M	-3.87M	-10.55M
Working Capital Changes	958.29K	54.26K	-1.61M	2.27M	-4.11M
Cash from Investing+	0	0	0	0	0
Purchase of Investments	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0
Net Investment Activity	-	-	-	-	-
Acquisitions	0	0	0	0	0
Other Investing	0	0	0	0	0
Cash from Financing+	0	85.28M	85.27M	-8.26M	-3.64M
Dividends Paid	0	0	0	-8.26M	-12.42M
Share Repurchases	0	0	0	0	0
Stock Issued	0	85.28M	0	0	9.05M
Net Stock Activity	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0
Other Financing	0	0	85.27M	0	-274.73K
Net Change in Cash+	0	84.77M	84.77M	-2.51M	-8.68M
Exchange Rate Effect	0	0	0	0	0
Cash at Beginning	0	0	0	35.13M	32.61M
Cash at End	0	84.77M	84.77M	32.61M	23.93M
Interest Paid	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0
Free Cash Flow+	0	-509.11K	-50.15M	5.75M	-5.03M
FCF Growth %	-	-	-97.5%	1.11%	-1.88%

Banking Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-1.34%	2%	8.53%	4.98%
Return on Assets (ROA)	-346.88%	-1.32%	1.99%	8.36%	4.83%
Net Interest Margin	0%	0.01%	0%	13.25%	6.43%
Efficiency Ratio	-	100%	49.05%	100%	46.46%
Equity / Assets	-57.81%	99.44%	99.43%	96.59%	97.29%
Book Value / Share	-0.18	96.37	15.58	13.77	29.12
NII Growth	-	-	-100%	-	69.6%
Dividend Payout	-	-	-	112.58%	129.06%

Frequently Asked Questions

Valuation & Price

Chicago Atlantic BDC, Inc. (LIEN) has a price-to-earnings (P/E) ratio of 11.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Chicago Atlantic BDC, Inc. (LIEN) grew revenue by 79.1% over the past year. This is strong growth.

Yes, Chicago Atlantic BDC, Inc. (LIEN) is profitable, generating $33.0M in net income for fiscal year 2024 (53.5% net margin).

Dividend & Returns

Yes, Chicago Atlantic BDC, Inc. (LIEN) pays a dividend with a yield of 11.01%. This makes it attractive for income-focused investors.

Chicago Atlantic BDC, Inc. (LIEN) has a return on equity (ROE) of 5.0%. This is below average, suggesting room for improvement.

Industry Metrics

Chicago Atlantic BDC, Inc. (LIEN) has a net interest margin (NIM) of 6.4%. This indicates healthy earnings from lending activities.

Chicago Atlantic BDC, Inc. (LIEN) has an efficiency ratio of 46.5%. This is excellent, indicating strong cost control.

← Back to Screener