公司概述
Manhattan Bridge Capital, Inc. operates as a specialized real estate finance entity that originates, services, and manages a comprehensive portfolio of first mortgage loans across the United States. This business model allows the company to provide short-term, secured, and non-banking financing solutions specifically designed to fund acquisition, renovation, rehabilitation, or development projects for real estate investors. The company is categorized within the Real Estate sector and specifically functions under the REIT - Mortgage industry, a classification that defines its primary reliance on property-backed debt instruments rather than traditional equity ownership. Currently, the organization maintains a market capitalization of $50.40M and reports annual revenue of $6.91M while employing a workforce of 6 individuals. These financial metrics indicate a small-cap enterprise operating with a lean operational structure, suggesting a niche focus where capital efficiency is prioritized over broad market diversification, as evidenced by the significant disparity between its modest asset base and its high valuation multiples.
财务健康
The company's financial performance over the trailing twelve months is characterized by a total revenue of $6.91M and a net income of $5.11M, while EBITDA data is not disclosed in the available records. The substantial gap between the reported revenue and net income reveals an extremely efficient cost structure, where operating expenses are minimal relative to total income, a trait often seen in firms with low headcounts. However, the absence of reported Free Cash Flow figures prevents a definitive assessment of the company's immediate financial flexibility regarding capital expenditure or debt repayment capabilities. Profitability analysis highlights a Gross Margin of 100.0%, an Operating Margin of 68.8%, and a Profit Margin of 74.0%, indicating that the firm incurs no cost of goods sold and retains a vast majority of revenue after all expenses. The balance sheet presents a leveraged position with total debt of $17.76M against liquid cash reserves of $204,889, resulting in a Debt to Equity ratio of 41.21%. Despite this high leverage, the Current Ratio stands at an impressive 40.09, which suggests that the company holds sufficient short-term assets to cover its short-term liabilities many times over, although the composition of these assets must be scrutinized given the low cash balance. Management effectiveness is further quantified by a Return on Equity of 11.8% and a Return on Assets of 7.9%, metrics that demonstrate the ability to generate returns despite the constrained asset base and high leverage.
估值评估
Valuation metrics for Manhattan Bridge Capital, Inc. show a Trailing P/E Ratio of 9.80 and a Forward P/E of 9.19, implying that the market expects a marginal increase in earnings per share in the coming year to justify the lower forward multiple. The Price to Book ratio is recorded at 1.17, suggesting that the market values the company slightly above its book value, reflecting a premium for its specific mortgage loan portfolio and operational model. Alternative valuation measures include a Price to Sales ratio of 7.29 and an EV/EBITDA that is unavailable, providing limited comparative context against peers that rely on traditional earnings metrics. The stock has traded within a 52-week range with a high of $5.85 and a low of $4.13, meaning the current trading price sits in the upper portion of this historical volatility range relative to the recent lows. The company exhibits a Beta of 0.20, indicating that its stock price volatility is significantly lower than the broader market, making it a low-beta asset within the real estate finance landscape.
Growth & Income
Growth dynamics are currently negative, with Revenue Growth (YoY) at -12.3% and Earnings Growth (YoY) at -14.0%, indicating that earnings are contracting at a faster rate than revenue, a common occurrence in cyclical mortgage lending environments. The company is a dividend payer with a Dividend Yield of 10.0% and a Payout Ratio of 127.8%, a level that exceeds current net income and suggests the dividend may be partially funded by prior earnings or reserves. The payout ratio of 127.8% is not sustainable given the current earnings growth trajectory of -14.0%, as paying out more than 100% of earnings implies a reliance on non-operating cash flows or a reduction in retained earnings. Overall, the firm presents a profile of high current income yield coupled with declining earnings and revenue, requiring careful monitoring of future loan origination volumes and portfolio performance to determine if the dividend can be maintained without eroding capital.