Latest Ratios: P/E Ratio 615.0x · EV/EBITDA N/A · ROE 1.0%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.1B | $927M | $946M | $760M | — | — | — |
| Enterprise Value | $1.1B | $1.1B | $1.2B | $1.2B | $300.4B | — | — | — |
| P/E Ratio → | 615.00 | 577.75 | — | 79.19 | 36.60 | — | — | — |
| P/S Ratio | — | — | — | 0.03 | 0.02 | — | — | — |
| P/B Ratio | 6.59 | 6.19 | 5.10 | 4.11 | 3.49 | — | — | — |
| P/FCF | 461.25 | 433.48 | 72.34 | 0.04 | 0.07 | — | — | — |
| P/OCF | 433.18 | 407.10 | 71.91 | 0.04 | 0.06 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | 0.04 | 9.81 | — | — | — |
| EV / EBITDA | — | — | — | 0.07 | 12.30 | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 429.11 | 90.58 | 0.05 | 25.97 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | — | — | 844.1% | 50.2% | 72.5% | 73.2% | 77.1% | 74.9% |
| Net Profit Margin | — | — | 1879.0% | 53.0% | 68.3% | 66.6% | 68.9% | 60.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 1.0% | 1.0% | -19222.0% | 7101.2% | 10512.4% | 10205.8% | 11003.0% | 7504.8% |
| ROA | 0.4% | 0.4% | -7082.0% | 2669.4% | 4251.4% | 4132.2% | 4889.5% | 4387.8% |
| ROIC | — | — | -3014.5% | 7.0% | 6.6% | 7.5% | 9.0% | — |
| ROCE | — | — | -3181.3% | 2524.7% | 4517.9% | 4565.9% | 5573.9% | 5534.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 1.39 | 1.09 | 1485.20 | 1001.75 | 1368.28 | 682.35 |
| Debt / EBITDA | — | — | — | 0.01 | 13.24 | 11.27 | 10.32 | 6.70 |
| Net Debt / Equity | — | -0.06 | 1.29 | 1.04 | 1376.28 | 768.86 | 1128.44 | 454.13 |
| Net Debt / EBITDA | — | — | — | 0.01 | 12.27 | 8.65 | 8.51 | 4.46 |
| Debt / FCF | — | -4.37 | 18.24 | 0.01 | 25.90 | 5.13 | 9.63 | 4.76 |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($11M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 73.32 | 254.59 | 5.80 | 5.52 |
| Quick Ratio | — | — | — | — | 73.32 | 254.59 | 5.80 | 5.52 |
| Cash Ratio | — | — | — | — | 73.32 | 254.59 | 5.80 | 5.52 |
| Asset Turnover | — | — | -4.28 | 47.91 | 54.13 | 47.86 | 57.60 | 72.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.8% | 0.9% | 1.8% | 100.0% | 100.0% | — | — | — |
| Payout Ratio | — | — | — | 161.8% | 107.6% | 106.0% | 88.5% | 156.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.2% | 0.2% | — | 1.3% | 2.7% | — | — | — |
| FCF Yield | 0.2% | 0.2% | 1.4% | 2364.9% | 1522.2% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 100.0% | 23.9% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.8% | 0.9% | 100.0% | 100.0% | 100.0% | — | — | — |
| Shares Outstanding | — | $47M | $47M | $44M | $38M | $26M | $22M | $19M |
Includes 30+ ratios · 7 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SCCE stock.
Sachem Capital Corp. 6.00% Note's current P/E ratio is 615.0x. The historical average is 57.9x. This places it at the 100th percentile of its historical range.
Sachem Capital Corp. 6.00% Note's return on equity (ROE) is 1.0%. The historical average is 1.0%.
Based on historical data, Sachem Capital Corp. 6.00% Note is trading at a P/E of 615.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sachem Capital Corp. 6.00% Note's current dividend yield is 0.82%.
Key Metrics
Top Statement Risk
Negative FFO amid operational collapse
Metrics are mathematically derived from official filings.
P/FFO Multiple Misplaced on Negative Earnings
The reported P/FFO multiple of 3.36x for Q2 2026, as derived from recent SEC filings, is academically meaningless because Sachem's FFO per share is negative, making the multiple a mathematical artifact rather than a genuine valuation indicator.
Applying a price-to-earnings-style multiple to negative funds from operations provides no insight into relative value or asset worth. The high P/B of 6.58x, contrasted with a peer median around 1.0x, may reflect market pricing for a potential recovery or a very low book value base, but it is detached from current earnings power. Investors should focus on asset-level valuation, such as the implied cap rate on its remaining portfolio, rather than distorted earnings multiples.
FFO Contraction Signals Failed Business Model
Sachem's FFO per share has deteriorated from a positive $0.10 in Q1 2024 to a negative $0.13 in Q2 2026, as reported in quarterly statements, indicating the core operations are now destroying value rather than generating it.
The shift to persistently negative FFO suggests the company's lending or property operations are incurring losses that exceed any income, a fundamental failure for a REIT. The intermittent 100% NOI margins in mid-2025 are misleading, reflecting negligible revenue rather than operational excellence. This trajectory implies management's strategy has not stabilized the portfolio and may require a radical restructuring to achieve profitability.
Distributions Unsustainable on Negative Cash Flow
Based on reported cash flow data, Sachem's dividend payments in the first half of 2026 totaled approximately $2.88 million while FFO was deeply negative, confirming distributions are being funded by balance sheet erosion rather than operating cash flow.
An FFO payout ratio cannot be computed when earnings are negative, but the cash outflow for dividends against negative operating income is a critical red flag. This pattern is only viable for a limited period before exhausting cash reserves, which stood at $29.6M as of Q2 2026. The current dividend yield of 0.8% is trivial, but the absolute cash drain it represents is material for a company with negative FFO and a shrinking equity base.
Forced Deleveraging Masks Underlying Risk
Sachem's balance sheet shows zero reported debt in recent quarters, a dramatic reversal from a debt-to-equity ratio of 1.31x in Q2 2025, suggesting a rapid and possibly distressed deleveraging process rather than a strategic strengthening of the balance sheet.
The elimination of debt may indicate asset sales or paydowns funded by the company's cash holdings, which is a defensive move that shrinks the operating base. Without debt, the standard debt-to-gross-assets leverage metric is not applicable, but this does not equate to financial health given the concurrent equity erosion and negative FFO. The concern shifts from interest coverage to operational solvency and the ability to fund ongoing losses without external capital.
Occupancy Data Unavailable Amid Portfolio Distress
Critical operational metrics like occupancy rate and same-store NOI growth are not provided in the available data, which itself is a significant concern as it prevents a direct assessment of the underlying asset performance driving the negative FFO.
The absence of portfolio-specific metrics makes it impossible to diagnose whether the operational failure stems from vacancy, tenant defaults, or write-downs of impaired assets. Investors are left to infer severe distress solely from the negative FFO and collapsing equity figures. This lack of transparency warrants heightened scrutiny of management's explanation for the business model's breakdown in upcoming earnings disclosures.
P/E Ratio is Fundamentally Misapplied
The reported P/E ratio of 613.50 is the most dangerously misleading metric for Sachem, as it capitalizes a near-zero or distorted earnings figure, completely obscuring the company's negative FFO and operational collapse.
For REITs, P/E is already problematic due to depreciation, but here it is rendered useless by the volatile and negative earnings base. A 613.5x multiple suggests extreme overvaluation, while the reality is likely asset impairment and operational losses. The correct approach is to ignore P/E entirely and focus on FFO, AFFO, and asset-based valuation metrics, while noting that even these are currently negative and require a reversion to profitability to become meaningful.