A Business at a Glance
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MANHATTAN BRIDGE CAPITAL, INC
LOAN
$45M
Mkt Cap
$3.97
-3.17%
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a current P/E ratio of 6.5, compared to its historical median P/E of 8.6. The stock is currently considered Cheap based on its historical valuation range.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a 5-year average return on invested capital (ROIC) of 9.1%. This is below average and may indicate limited pricing power.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a market capitalization of $45M. It is classified as a small-cap stock.
Yes, MANHATTAN BRIDGE CAPITAL, INC (LOAN) pays a dividend with a trailing twelve-month yield of 11.59%.
Based on historical P/E analysis, MANHATTAN BRIDGE CAPITAL, INC (LOAN) appears cheap. The current P/E of 6.5 is 24% below its historical median of 8.6. The estimated fair value CAGR (P/E method) is 4.0%.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) reported annual revenue of $9 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business We are a New York-based real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. We offer short-term, secured, non-banking loans (sometimes referred to as “hard money” loans), which we may renew or extend on, before or after their initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. We are organized and conduct our operations to qualify as a real estate investment trust for federal income tax purposes (“REIT”). We have qualified for taxation as a REIT beginning with our taxable year ended December 31, 2014. For reasons discussed below, our restated certificate of incorporation restricts the acquisition and ownership of our capital stock to 4.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.5M | 8.7M | 9.7M | 9.8M | 8.6M | 6.8M |
| Net Income | 5.0M | 5.1M | 5.6M | 5.5M | 5.2M | 4.4M |
| EPS | $0.44 | $0.45 | $0.49 | $0.48 | $0.45 | $0.42 |
| Free Cash Flow | 0 | 4.9M | 4.9M | 5.4M | 5.2M | 4.6M |
| ROIC | 10.2% | 10.2% | 9.6% | 8.1% | 8.2% | 9.4% |
| Gross Margin | - | 98.7% | 99.1% | 99.0% | 78.8% | 84.7% |
| Debt/Equity | 0.14 | 0.14 | 0.17 | 0.59 | 0.58 | 0.36 |
| Dividends/Share | $0.46 | $0.46 | $0.46 | $0.47 | $0.50 | $0.47 |
| Operating Income | 5.0M | 5.1M | 5.6M | 5.4M | 5.2M | 4.4M |
| Operating Margin | 59.0% | 58.8% | 57.5% | 55.6% | 60.6% | 64.7% |
| ROE | 11.6% | 11.8% | 13.0% | 12.8% | 12.1% | 11.7% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 12M | 11M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.9M | 4.0M | 4.6M | 5.9M | 7.2M | 7.3M | 7.0M | 6.8M | 8.6M | 9.8M | 9.7M | 8.7M | 8.5M |
| Gross Margin | 80.8% | 86.8% | 84.2% | 78.9% | 77.0% | 78.0% | 80.9% | 84.7% | 78.8% | 99.0% | 99.1% | 98.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 877K | 1.0M | 1.0M | 1.2M | 1.3M | 1.2M | 1.4M | 1.3M | 1.5M | 1.8M | 1.8M | 1.8M | 1.8M |
| EBIT | 1.5M | 2.3M | 2.9M | 3.5M | 4.2M | 4.5M | 4.2M | 4.4M | 5.2M | 5.4M | 5.6M | 5.1M | 5.0M |
| Op. Margin | 50.3% | 56.7% | 61.4% | 58.5% | 58.2% | 61.3% | 60.1% | 64.7% | 60.6% | 55.6% | 57.5% | 58.8% | 59.0% |
| Net Income | 1.5M | 2.2M | 2.8M | 3.4M | 4.2M | 4.5M | 4.2M | 4.4M | 5.2M | 5.5M | 5.6M | 5.1M | 5.0M |
| Net Margin | 50.1% | 55.9% | 61.0% | 58.1% | 58.2% | 61.2% | 60.4% | 65.0% | 60.8% | 55.9% | 57.7% | 59.0% | 59.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 11.0% | 12.9% | 10.8% | 10.2% | 9.6% | 9.4% | 8.5% | 9.4% | 8.2% | 8.1% | 9.6% | 10.2% | 10.2% |
| ROE | 12.8% | 14.2% | 14.2% | 15.4% | 15.5% | 14.0% | 13.2% | 11.7% | 12.1% | 12.8% | 13.0% | 11.8% | 11.6% |
| ROA | 7.2% | 8.0% | 8.5% | 8.5% | 8.3% | 8.1% | 7.4% | 7.0% | 7.3% | 7.2% | 7.8% | 7.9% | 7.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.3M | 2.1M | 3.1M | 3.5M | 4.4M | 4.4M | 4.2M | 4.6M | 5.2M | 5.4M | 4.9M | 4.9M | 5.0M |
| Free Cash Flow | 1.3M | 2.1M | 3.0M | 3.5M | 4.4M | 4.4M | 4.2M | 4.6M | 5.2M | 5.4M | 4.9M | 4.9M | 0 |
| Owner Earnings | 1.2M | 2.1M | 3.0M | 3.4M | 4.3M | 4.4M | 4.2M | 4.6M | 5.2M | 5.4M | 4.9M | 4.9M | 5.0M |
| CapEx | 19K | 9K | 3K | 2K | 1K | 0 | 9K | 0 | 3K | 5K | 4K | 0 | 0 |
| Maint. CapEx | 0 | 6K | 4K | 5K | 4K | 1K | 1K | 2K | 2K | 4K | 5K | 5K | 4K |
| Growth CapEx | N/A | 4K | 0 | 0 | 0 | N/A | 8K | N/A | 0 | 1K | 0 | 0 | 0 |
| D&A | 0 | 6K | 4K | 5K | 4K | 1K | 1K | 2K | 2K | 4K | 5K | 5K | 4K |
| CapEx/OCF | 1.5% | 0.4% | 0.1% | 0.0% | 0.0% | N/A | 0.2% | N/A | 0.1% | 0.1% | 0.1% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 853K | 2.1M | 2.7M | 3.3M | 4.0M | 4.6M | 4.1M | 5.0M | 5.7M | 5.3M | 5.2M | 5.3M | 5.3M |
| Dividend Yield | 17.2% | 17.9% | 14.2% | 13.9% | 13.2% | N/A | 14.8% | N/A | 12.1% | 11.7% | 10.2% | N/A | 11.6% |
| Share Buybacks | 0 | 0 | 0 | 172K | 49K | 29K | 179K | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | 0.0% | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 29K | 14K | 14K | 13K | 13K | 13K | 13K | 13K | 13K | 13K | 13K | 13K | 13K |
| Debt Repayment | 1.0M | 1.4M | 1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 2.4M | 989K | 12M | 17M | 16M | 15M | 20M | 16M | 25M | 23M | 7.0M | 6.0M | 6.0M |
| Cash & Equiv. | 48K | 107K | 96K | 136K | 355K | 118K | 459K | 143K | 104K | 1.7M | 202K | 228K | 206K |
| Long-Term Debt | 0 | N/A | 5.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.2M |
| Debt/Equity | 0.18 | 0.06 | 0.53 | 0.76 | 0.52 | 0.48 | 0.64 | 0.36 | 0.58 | 0.59 | 0.17 | 0.14 | 0.14 |
| Interest Coverage | 155.4 | 13.8 | 50.8 | 76.5 | 100.0 | 198.7 | 184.6 | 418.1 | 673.9 | 2.2 | 2.5 | 3.1 | 3.2 |
| Equity | 14M | 18M | 22M | 22M | 32M | 32M | 32M | 43M | 43M | 43M | 43M | 43M | 43M |
| Total Assets | 24M | 32M | 35M | 46M | 56M | 54M | 60M | 67M | 76M | 76M | 67M | 62M | 64M |
| Total Liabilities | 11M | 14M | 13M | 24M | 24M | 22M | 28M | 24M | 33M | 34M | 24M | 19M | 21M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 0 | N/A | 0 | N/A | N/A | N/A | 0 | 0 |
| Retained Earnings | 113K | -396K | -459K | -388K | -449K | -591K | -404K | -1.3M | -1.9M | -1.6M | -1.2M | -1.4M | -1.4M |
| Working Capital | 8.8M | 6.8M | 20M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 19M | 21M | 28M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 11M | 14M | 7.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 193K |
| Per Share Data | |||||||||||||
| EPS | 0.29 | 0.33 | 0.37 | 0.42 | 0.48 | 0.47 | 0.44 | 0.42 | 0.45 | 0.48 | 0.49 | 0.45 | 0.44 |
| Owner EPS | 0.25 | 0.31 | 0.40 | 0.42 | 0.50 | 0.46 | 0.44 | 0.44 | 0.44 | 0.47 | 0.43 | 0.43 | 0.44 |
| Book Value | 2.76 | 2.62 | 2.91 | 2.72 | 3.66 | 3.34 | 3.33 | 4.12 | 3.70 | 3.76 | 3.79 | 3.79 | 3.77 |
| Cash Flow/Share | 0.25 | 0.31 | 0.40 | 0.42 | 0.50 | 0.46 | 0.44 | 0.44 | 0.45 | 0.47 | 0.43 | 0.43 | 0.44 |
| Dividends/Share | 0.17 | 0.31 | 0.35 | 0.40 | 0.46 | 0.48 | 0.43 | 0.47 | 0.50 | 0.47 | 0.46 | 0.46 | 0.46 |
| Shares Out. | 5.0M | 6.8M | 7.7M | 8.2M | 8.8M | 9.6M | 9.6M | 10.5M | 11.6M | 11.4M | 11.4M | 11.4M | 11.4M |
| Valuation | |||||||||||||
| P/E Ratio | 5.4 | 6.1 | 9.5 | 7.3 | 6.5 | N/A | 8.0 | N/A | 9.5 | 8.6 | 10.4 | N/A | 9.1 |
| P/FCF | 6.3 | 6.4 | 8.9 | 7.3 | 6.3 | N/A | 8.0 | N/A | 9.6 | 8.7 | 11.8 | N/A | N/A |
| EV/EBIT | 7.1 | 6.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.3 |
| Price/Book | 0.6 | 0.8 | 1.2 | 1.1 | 0.9 | N/A | 1.1 | N/A | 1.2 | 1.1 | 1.3 | N/A | 1.1 |
| Price/Sales | 1.7 | 3.0 | 4.1 | 4.0 | 4.2 | N/A | 4.0 | N/A | 5.5 | 4.6 | 5.3 | N/A | 5.4 |
| FCF Yield | 16.0% | 15.5% | 11.3% | 13.8% | 16.0% | N/A | 12.5% | N/A | 10.4% | 11.5% | 8.5% | N/A | N/A |
| Market Cap | 7.9M | 14M | 27M | 25M | 27M | 0 | 34M | 0 | 50M | 47M | 58M | 0 | 45M |
| Avg. Price | 0.99 | 1.76 | 2.48 | 2.90 | 3.47 | 0.00 | 2.90 | 0.00 | 4.10 | 3.97 | 4.49 | 0.00 | 3.97 |
| Year-End Price | 1.57 | 2.00 | 3.52 | 3.07 | 3.12 | 0.00 | 3.50 | 0.00 | 4.28 | 4.12 | 5.11 | 0.00 | 3.97 |
MANHATTAN BRIDGE CAPITAL, INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
MANHATTAN BRIDGE CAPITAL, INC trades at 6.5x trailing earnings, compared to its 15-year median P/E of 8.6x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 7.1x vs a median of 8.7x. The company's 5-year average ROIC is 9.1% with a gross margin of 92.0%. Total shareholder yield (dividends) is 11.6%. At current prices, the estimated annualized return to fair value is +2.8%.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a net profit margin of 59.0%. This is a strong margin indicating high profitability.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a debt-to-equity ratio of 0.14. This indicates a conservatively financed balance sheet.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) reported earnings per share (EPS) of $0.45 in its most recent fiscal year.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a return on equity (ROE) of 11.8%. This indicates moderate shareholder returns.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a 5-year average gross margin of 92.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for MANHATTAN BRIDGE CAPITAL, INC (LOAN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a book value per share of $3.79, based on its most recent annual SEC filing.