$Sachem Capital Corp (SACH.US)$ 🎯 2024.4.11 Current price 3...

New data: 23Q3, 23Q4, Q3 growth, Q4 contraction, and credit loss reserves affected a slight loss in net profit.

Revenue increased by 10.5% in 2023, net profit shrank by 24% due to loan loss reserves, and profit after dividends on preferred shares shrank by 30%.

The balance ratio increased from 61.5% to 63.2%, and both total assets and net assets increased. Asset-side cash declined, net loans increased, and marketable securities nearly doubled. Goodwill increased by 500,000. Although the amount is very small, starting the acquisition at this stage is not a good sign; overall, the internal volatility is very high.

There are long-term and short-term loans on the debt side, and short-term loans may cause mistiming problems.

Currently, the price-earnings ratio is 11.7, the dividend ratio has reached 19.3%, and the net price-earnings ratio is 0.66. No adjustments will be made for the time being.