0FG

AFC Gamma MUN:0FG Stock Report

Last Price

€14.70

Market Cap

€341.9m

7D

0%

1Y

-14.9%

Updated

06 Aug, 2022

Data

Company Financials +
0FG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends2/6

0FG Stock Overview

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.

AFC Gamma Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AFC Gamma
Historical stock prices
Current Share PriceUS$14.70
52 Week HighUS$21.90
52 Week LowUS$14.40
Beta0
1 Month Change0%
3 Month Change-6.37%
1 Year Change-14.93%
3 Year Changen/a
5 Year Changen/a
Change since IPO-16.95%

Recent News & Updates

Shareholder Returns

0FGDE Mortgage REITsDE Market
7D0%-3.1%1.1%
1Y-14.9%-19.3%-20.0%

Return vs Industry: 0FG exceeded the German Mortgage REITs industry which returned -19.4% over the past year.

Return vs Market: 0FG exceeded the German Market which returned -20% over the past year.

Price Volatility

Is 0FG's price volatile compared to industry and market?
0FG volatility
0FG Average Weekly Movementn/a
Mortgage REITs Industry Average Movement5.6%
Market Average Movement5.7%
10% most volatile stocks in DE Market10.7%
10% least volatile stocks in DE Market2.8%

Stable Share Price: Insufficient data to determine 0FG's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 0FG's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/aLen Tannenbaumhttps://www.afcgamma.com

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.

AFC Gamma Fundamentals Summary

How do AFC Gamma's earnings and revenue compare to its market cap?
0FG fundamental statistics
Market CapUS$347.28m
Earnings (TTM)US$29.76m
Revenue (TTM)US$45.78m

11.7x

P/E Ratio

7.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
0FG income statement (TTM)
RevenueUS$45.78m
Cost of RevenueUS$0
Gross ProfitUS$45.78m
Other ExpensesUS$16.01m
EarningsUS$29.76m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)1.51
Gross Margin100.00%
Net Profit Margin65.02%
Debt/Equity Ratio28.7%

How did 0FG perform over the long term?

See historical performance and comparison

Dividends

12.7%

Current Dividend Yield

103%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 0FG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0FG?

Other financial metrics that can be useful for relative valuation.

0FG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 0FG's PE Ratio compare to its peers?

0FG PE Ratio vs Peers
The above table shows the PE ratio for 0FG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.2x
EUX EUWAX
58.6xn/a€345.1m
MUX Mutares SE KGaA
1x-16.8%€370.4m
O4B OVB Holding
26.4x11.8%€381.9m
B8A BAVARIA Industries Group
22.3xn/a€387.8m
0FG AFC Gamma
11.7x44.7%€347.3m

Price-To-Earnings vs Peers: 0FG is good value based on its Price-To-Earnings Ratio (11.7x) compared to the peer average (23.2x).


Price to Earnings Ratio vs Industry

How does 0FG's PE Ratio compare vs other companies in the Global Mortgage REITs Industry?

Price-To-Earnings vs Industry: 0FG is good value based on its Price-To-Earnings Ratio (11.7x) compared to the Global Mortgage REITs industry average (12.7x)


Price to Earnings Ratio vs Fair Ratio

What is 0FG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0FG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.7x
Fair PE Ratio30.7x

Price-To-Earnings vs Fair Ratio: 0FG is good value based on its Price-To-Earnings Ratio (11.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.7x).


Share Price vs Fair Value

What is the Fair Price of 0FG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0FG (€14.7) is trading below our estimate of fair value (€35.26)

Significantly Below Fair Value: 0FG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is AFC Gamma forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


44.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0FG's forecast earnings growth (44.7% per year) is above the savings rate (-0.01%).

Earnings vs Market: 0FG's earnings (44.7% per year) are forecast to grow faster than the German market (7.7% per year).

High Growth Earnings: 0FG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0FG's revenue (36% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: 0FG's revenue (36% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 0FG's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has AFC Gamma performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


129.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: 0FG has high quality earnings.

Growing Profit Margin: 0FG's current net profit margins (65%) are lower than last year (75.8%).


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if 0FG's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare 0FG's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: 0FG earnings growth over the past year (129.3%) exceeded the Mortgage REITs industry 9.3%.


Return on Equity

High ROE: 0FG's Return on Equity (8.8%) is considered low.


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Financial Health

How is AFC Gamma's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 0FG's short term assets ($454.1M) exceed its short term liabilities ($20.9M).

Long Term Liabilities: 0FG's short term assets ($454.1M) exceed its long term liabilities ($96.7M).


Debt to Equity History and Analysis

Debt Level: 0FG's net debt to equity ratio (9.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 0FG's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 0FG's debt is not well covered by operating cash flow (12.2%).

Interest Coverage: Insufficient data to determine if 0FG's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is AFC Gamma current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


12.73%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 0FG's dividend (12.73%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: 0FG's dividend (12.73%) is in the top 25% of dividend payers in the German market (4.4%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 0FG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 0FG's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (102.6%), 0FG's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (314.9%), 0FG's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Len Tannenbaum (51 yo)

2.08yrs

Tenure

US$827,183

Compensation

Mr. Leonard Mark Tannenbaum, also known as Len, CFA, serves as a Manager and Chief Executive Officer at AFC Management, LLC. He has been Chief Executive Officer, Chairman and Director of the Board at AFC G...


Leadership Team

Experienced Management: 0FG's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: 0FG's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 0FG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.5%.


Top Shareholders

Company Information

AFC Gamma, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: AFC Gamma, Inc.
  • Ticker: 0FG
  • Exchange: MUN
  • Founded: 2020
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$347.278m
  • Listing Market Cap: US$341.930m
  • Shares outstanding: 19.74m
  • Website: https://www.afcgamma.com

Location

  • AFC Gamma, Inc.
  • 525 Okeechobee Boulevard
  • Suite 1770
  • West Palm Beach
  • Florida
  • 33401
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.