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LIENChicago Atlantic BDC, Inc.
$9.07$208M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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LIEN logo

Chicago Atlantic BDC, Inc.

LIEN
NASDAQ · BDCs & Private Credit
$9.07
At close - Nov 6, 4:00 PM EST - USD
Market Cap$208M
P/E6.5x
52W High$11.27
Volume13.93K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Vanishing Spread Income Shadows Deep Value Discount

Chicago Atlantic BDC (LIEN) trades at 0.69x book value and an 11.2% dividend yield, an apparent deep-value setup that appears increasingly reliant on distributions exceeding earnings power.

GrowthDecelerating
ProfitabilityModerate
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

LIEN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-41% Peers

P/E is 41% below peer median

03

Market leadership

RS 48 · Lag

Laggard (Underperforming 52% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 12

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
LIEN-2.51%
S&P 500 (^GSPC)+7.63%
1-Year Return
LIEN+3.47%
S&P 500 (^GSPC)+9.69%
3-Year Return
LIEN+42.37%
S&P 500 (^GSPC)+68.52%
5-Year Return
LIEN-0.93%
S&P 500 (^GSPC)+56.60%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
6.5x
Forward P/EExpansion
6.0x
EV/EBITDA0th %ile
0.3x
FCF YieldCash Flow
8.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
6.5x
13.1x
0th· Low
EV/EBITDA
0.3x
9.7x
0th· Low
Price/FCF
12.0x
9.1x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$53M+195.2% YoY
Net income FY25
$33M+245.8% YoY
Free cash flow FY25
-$20M-306.7% YoY
Operating margin FY25
65.1%+11.5 pts YoY
ROIC (FY25)8.2%
Avg ROIC 5Y3.8%
ROE (TTM)10.4%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (45%)
Revenue Beat Rate8/12 (73%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
$0.34-15.0%
vs $0.40
$14M-13.9%
vs $16M
Q2 2026
May 14, 2026
$0.44+22.2%
vs $0.36
$17M+16.7%
vs $14M
Q2 2026
Mar 19, 2026
$0.36+0.0%
vs $0.36
$14M-4.2%
vs $15M
Q4 2025
Nov 13, 2025
$0.42+20.0%
vs $0.35
$15M+16.9%
vs $13M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·Oct 22, 2026
Chicago Atlantic BDC, Inc. Announces Date for Third Quarter 2026 Results Release and Conference Call

NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Chicago Atlantic BDC, Inc. (the “Company”) (NASDAQ: LIEN), a specialty finance company that has elected to be regulated as a business development company, today announced details for the release of its financial results for the third quarter of 2026.

24/7 Wall Street·Sep 16, 2026
6 Dividend Stocks With Huge Yields and Even Bigger Warning Signs

Six stocks are paying yields as high as 23% right now, but behind those numbers sit eroding asset values, razor-thin coverage ratios, and balance sheets that leave almost no room for error if rates or charter markets move the wrong

247 Wallst·Sep 12, 2026
The Tax Math That Makes These Dividend Stocks Worth Much More Inside a Roth

Ordinary dividends from BDCs, net-lease REITs, and foreign shippers carry a tax cost that hits every single distribution cycle without relief, and where you hold these positions determines whether that cost is permanent or entirely avoidable.

24/7 Wall Street·Sep 11, 2026
The Dividend Calendar Is Closing Fast: 5 High-Yield Names to Grab Before Ex-Dates Pass

Five high-yield names have ex-dividend dates landing between September 21 and September 25, and the window to qualify for the next payment is closing by the day.

Filtered for Chicago Atlantic BDC, Inc.More Headlines
04

Compare before deciding

Benchmark LIEN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Chicago Atlantic BDC, Inc. (LIEN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LIEN logoLIENChicago Atlantic BDC, Inc.Current
$9.07$207.62M6.53195.21%63.41%10.45%11.24%
REFI logoREFIChicago Atlantic Real Estate Finance, Inc.
$8.80$187.57M6.5015.18%48.89%9.62%23.25%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.37$177.42M8.1755.25%58.87%6.24%23.45%
SUNS logoSUNSSunrise Realty Trust, Inc.
$6.76$91.38M6.93148.14%38.85%7.12%17.39%
CSWC logoCSWCCapital Southwest Corporation
$23.26$1.45B15.9464.73%55.86%10.22%9.62%
FDUS logoFDUSFidus Investment Corporation
$19.65$745.8M9.6442.69%61.73%10.59%10.82%

Compare LIEN vs Peers

Chicago Atlantic BDC, Inc. (LIEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs REFI

Most directly comparable listed peer for LIEN.

Scale Benchmark

vs ARCC

Larger-name benchmark to compare LIEN against a more recognizable public peer.

Peer Set

Compare Top 5

vs REFI, TPVG, SUNS, CSWC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

LIEN SEC Filings & Documents

Chicago Atlantic BDC, Inc. (LIEN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 13, 2026·SEC

Material company update

Jun 25, 2026·SEC

Material company update

Jun 18, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 19, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 14, 2026·SEC

FY 2025

Nov 13, 2025·SEC

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LIEN Frequently Asked Questions

Chicago Atlantic BDC, Inc. (LIEN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Chicago Atlantic BDC, Inc. growing?

Chicago Atlantic BDC, Inc. (LIEN) grew revenue by 58.9% over the trailing twelve months, compared with the twelve months before.

Is LIEN profitable?

Yes. Chicago Atlantic BDC, Inc. (LIEN) earned $31.7M in net income over the trailing twelve months (a 63.4% net margin).

Dividend & Returns
Does LIEN pay dividends?

Yes. Chicago Atlantic BDC, Inc. (LIEN) pays a dividend that yields 11.24% at the current price, a high yield.

What is LIEN's return on equity?

Chicago Atlantic BDC, Inc. (LIEN) had a return on equity (ROE) of 10.4% over the trailing twelve months. That is in line with the market's typical 10-15%.

Industry Metrics
What is Chicago Atlantic BDC, Inc.'s net interest margin?

Chicago Atlantic BDC, Inc. (LIEN) has a net interest margin (NIM) of 14.0%. This indicates healthy earnings from lending activities.

What is Chicago Atlantic BDC, Inc.'s efficiency ratio?

Chicago Atlantic BDC, Inc. (LIEN) has an efficiency ratio of 14.0%. This is excellent, indicating strong cost control.

What if you invested $1,000 in LIEN back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →