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Manhattan Bridge Capital (LOAN)
:LOAN
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Manhattan Bridge Capital
(NASDAQ:LOAN)
61Neutral
Positive Factors
Credit Quality
LOAN has never had to foreclose on a property and has never experienced a loan default, showing excellent credit quality.
Net Interest Margin
With the Fed lowering rates and funding costs declining, it appears that the net interest margin will continue to widen.
Pricing Power
Pricing in 2024 improved to 2018 levels, reducing competition and allowing for better pricing power.
Negative Factors
Lending Environment
There is uncertainty about the magnitude of future payoffs amid a slow lending environment, leading to a maintained Hold rating.
Loan Portfolio
The size of the loan portfolio decreased by 4.0% in 4Q24 as loan payoffs exceeded originations.
Manhattan Bridge Capital (LOAN) vs. S&P 500 (SPY)
Market Cap
$68.06M
Dividend Yield7.73%
Average Volume (3M)14.28K
Price to Earnings (P/E)12.2
Beta (1Y)0.34
Revenue Growth-1.10%
EPS Growth2.37%
CountryUS
Employees6
SectorReal Estate
Sector Strength65
IndustryREIT - Mortgage
Share Statistics
EPS (TTM)0.49
Shares Outstanding11,438,651
10 Day Avg. Volume20,937
30 Day Avg. Volume14,284
Financial Highlights & Ratios
PEG Ratio5.14
Price to Book (P/B)N/A
Price to Sales (P/S)6.66
Price to Cash Flow (P/CF)17.40
P/FCF Ratio5.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
Manhattan Bridge Capital Business Overview & Revenue Model
Company DescriptionManhattan Bridge Capital (LOAN) is a real estate finance company based in New York, specializing in originating, servicing, and managing a portfolio of first mortgage loans. The company primarily focuses on short-term, secured, non-banking loans to real estate investors, allowing them to acquire, renovate, or develop residential and commercial properties primarily in the New York metropolitan area. Manhattan Bridge Capital operates within the financial services sector, providing a niche service to real estate developers and investors by offering quick access to capital.
How the Company Makes MoneyManhattan Bridge Capital generates revenue primarily through interest income and origination fees from its portfolio of short-term, secured loans. The company offers loans to real estate investors, developers, and property owners, typically secured by first mortgages on real estate properties. These loans are usually short-term, with high interest rates reflecting the increased risk and expedited nature of the funding. Manhattan Bridge Capital also charges borrowers origination fees, which contribute to its revenue stream. The company's ability to maintain a steady flow of loan originations and manage its portfolio efficiently is crucial to its financial performance. Additionally, the firm may leverage partnerships with real estate brokers and agents to source potential borrowers, further supporting its revenue generation.
Manhattan Bridge Capital Financial Statement Overview
Summary
Manhattan Bridge Capital shows a strong balance sheet with no current debt, but faces challenges in revenue generation as evidenced by the latest income statement. Cash flow remains generally healthy, but the company's ability to generate revenue in the future is uncertain and could impact its financial stability.Income Statement
The company's revenue has experienced inconsistent growth, with a noticeable decline to zero in the most recent year, indicating potential instability. Historically, margins such as gross profit, EBIT, and net profit were strong, but current data suggests operational challenges.20
Very Negative
Balance Sheet
The balance sheet appears robust, with significant stockholders' equity and zero debt in the latest period, indicating a strong equity base and low financial risk. The equity ratio is high, reflecting substantial investor funding relative to assets.75
Positive
Cash Flow
The company has demonstrated a solid free cash flow position historically, with healthy operating cash flows relative to net income. However, the latest data shows an absence of revenue, which could impact future cash generation.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 7.37M | 7.30M | 6.76M | 5.77M | 5.66M | Gross Profit |
| 7.37M | 7.27M | 6.75M | 5.76M | 5.66M | EBIT |
| -7.93M | 5.44M | 7.04M | 4.42M | 4.23M | EBITDA |
| 0.00 | 7.97M | 7.02M | 5.45M | 5.57M | Net Income Common Stockholders |
| 5.59M | 5.48M | 5.21M | 4.42M | 4.23M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 178.01M | 1.69M | 103.54K | 142.55K | 131.65K | Total Assets |
| 67.93B | 76.43M | 76.28M | 67.21M | 59.84M | Total Debt |
| 22.55M | 31.20M | 31.02M | 21.65M | 26.28M | Net Debt |
| 22.37M | 31.10M | 30.92M | 21.51M | 26.15M | Total Liabilities |
| 24.66M | 33.50M | 33.42M | 23.82M | 27.88M | Stockholders Equity |
| 43.27B | 42.93M | 42.86M | 43.39M | 31.96M |
| Cash Flow | Free Cash Flow | |||
| 4.93B | 5.60M | 5.16M | 4.60M | 4.21M | Operating Cash Flow |
| 4.93B | 5.61M | 5.17M | 4.60M | 4.22M | Investing Cash Flow |
| 7.55B | 1.43M | -8.77M | -7.62M | -4.61M | Financing Cash Flow |
| -13.97B | -5.45M | 3.56M | 2.70M | 726.24K |
Manhattan Bridge Capital Technical Analysis
Positive
5.94
Price Trends
5.65
Positive
5.53
Positive
5.32
Positive
Market Momentum
0.07
Negative
68.48
Neutral
83.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LOAN, the sentiment is Positive. The current price of 5.94 is above the 20-day moving average (MA) of 5.71, above the 50-day MA of 5.65, and above the 200-day MA of 5.32, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 68.48 is Neutral, neither overbought nor oversold. The STOCH value of 83.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LOAN.
Manhattan Bridge Capital Risk Analysis
Manhattan Bridge Capital disclosed 55 risk factors in its most recent earnings report. Manhattan Bridge Capital reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Manhattan Bridge Capital Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $2.25B | 10.08 | 8.62% | 14.46% | -11.26% | -33.80% | |
69 Neutral | $6.68B | 17.97 | 5.55% | 9.67% | -0.97% | 3.75% | |
68 Neutral | $1.45B | 13.25 | 7.06% | 8.07% | -5.09% | 6.25% | |
61 Neutral | $68.06M | 12.17 | 12.97% | 7.73% | -1.10% | 2.37% | |
61 Neutral | $4.72B | 17.64 | -3.07% | 10.89% | 5.99% | -21.86% | |
60 Neutral | $3.43B | ― | -5.01% | 10.20% | -12.86% | -182.05% | |
43 Neutral | $874.60M | ― | -19.41% | 17.96% | -24.40% | -210.65% |
* Real Estate Sector Average
Performance Comparison
LOAN
Manhattan Bridge Capital
5.94
1.11
22.98%
ABR
Arbor Realty
11.77
0.40
3.52%
BXMT
Blackstone Mortgage
19.87
2.69
15.66%
STWD
Starwood Property
19.83
2.04
11.47%
LADR
Ladder Capital
11.40
1.46
14.69%
RC
Ready Capital
5.11
-2.61
-33.81%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.