CHICAGO ATLANTIC REAL ESTATE (REFI) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:REFI • US1672391026

12.09 USD
-0.34 (-2.74%)
At close: Feb 5, 2026
12.03 USD
-0.06 (-0.5%)
After Hours: 2/5/2026, 8:00:02 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to REFI. REFI was compared to 70 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. REFI gets an excellent profitability rating and is at the same time showing great financial health properties. REFI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year REFI was profitable.
  • In the past year REFI had a positive cash flow from operations.
  • REFI had positive earnings in 4 of the past 5 years.
  • Of the past 5 years REFI 4 years had a positive operating cash flow.
REFI Yearly Net Income VS EBIT VS OCF VS FCFREFI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 10M 20M 30M

1.2 Ratios

  • REFI has a Return On Assets of 8.38%. This is amongst the best in the industry. REFI outperforms 98.57% of its industry peers.
  • The Return On Equity of REFI (11.54%) is better than 98.57% of its industry peers.
  • REFI has a Return On Invested Capital of 6.82%. This is amongst the best in the industry. REFI outperforms 98.57% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for REFI is significantly above the industry average of 1.26%.
Industry RankSector Rank
ROA 8.38%
ROE 11.54%
ROIC 6.82%
ROA(3y)9.57%
ROA(5y)N/A
ROE(3y)12.82%
ROE(5y)N/A
ROIC(3y)7.95%
ROIC(5y)N/A
REFI Yearly ROA, ROE, ROICREFI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 5 10

1.3 Margins

  • With an excellent Profit Margin value of 57.38%, REFI belongs to the best of the industry, outperforming 98.57% of the companies in the same industry.
  • REFI's Profit Margin has declined in the last couple of years.
  • REFI has a better Operating Margin (57.38%) than 94.29% of its industry peers.
  • REFI's Operating Margin has declined in the last couple of years.
  • The Gross Margin of REFI (88.58%) is better than 97.14% of its industry peers.
Industry RankSector Rank
OM 57.38%
PM (TTM) 57.38%
GM 88.58%
OM growth 3Y-11.53%
OM growth 5YN/A
PM growth 3Y-11.31%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
REFI Yearly Profit, Operating, Gross MarginsREFI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • Compared to 1 year ago, REFI has more shares outstanding
  • REFI has a worse debt/assets ratio than last year.
REFI Yearly Shares OutstandingREFI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 5M 10M 15M 20M
REFI Yearly Total Debt VS Total AssetsREFI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • REFI has an Altman-Z score of 1.77. This is a bad value and indicates that REFI is not financially healthy and even has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 1.77, REFI belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
  • The Debt to FCF ratio of REFI is 4.22, which is a neutral value as it means it would take REFI, 4.22 years of fcf income to pay off all of its debts.
  • REFI has a Debt to FCF ratio of 4.22. This is amongst the best in the industry. REFI outperforms 98.57% of its industry peers.
  • REFI has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
  • REFI has a Debt to Equity ratio of 0.33. This is amongst the best in the industry. REFI outperforms 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 4.22
Altman-Z 1.77
ROIC/WACCN/A
WACCN/A
REFI Yearly LT Debt VS Equity VS FCFREFI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

  • REFI has a Current Ratio of 2.38. This indicates that REFI is financially healthy and has no problem in meeting its short term obligations.
  • REFI has a Current ratio of 2.38. This is amongst the best in the industry. REFI outperforms 91.43% of its industry peers.
  • REFI has a Quick Ratio of 2.38. This indicates that REFI is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.38, REFI belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.38
Quick Ratio 2.38
REFI Yearly Current Assets VS Current LiabilitesREFI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 20M 40M 60M 80M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for REFI have decreased strongly by -15.50% in the last year.
  • The Earnings Per Share has been growing by 8.53% on average over the past years. This is quite good.
  • Looking at the last year, REFI shows a decrease in Revenue. The Revenue has decreased by -1.39% in the last year.
  • REFI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 77.47% yearly.
EPS 1Y (TTM)-15.5%
EPS 3Y8.53%
EPS 5YN/A
EPS Q2Q%-25%
Revenue 1Y (TTM)-1.39%
Revenue growth 3Y77.47%
Revenue growth 5YN/A
Sales Q2Q%-6.2%

3.2 Future

  • REFI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.48% yearly.
  • REFI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.95% yearly.
EPS Next Y-7.04%
EPS Next 2Y-3.87%
EPS Next 3Y0.48%
EPS Next 5YN/A
Revenue Next Year0.77%
Revenue Next 2Y2.15%
Revenue Next 3Y4.95%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
REFI Yearly Revenue VS EstimatesREFI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M
REFI Yearly EPS VS EstimatesREFI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • REFI is valuated cheaply with a Price/Earnings ratio of 7.15.
  • REFI's Price/Earnings ratio is rather cheap when compared to the industry. REFI is cheaper than 84.29% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of REFI to the average of the S&P500 Index (27.67), we can say REFI is valued rather cheaply.
  • REFI is valuated cheaply with a Price/Forward Earnings ratio of 6.96.
  • REFI's Price/Forward Earnings ratio is rather cheap when compared to the industry. REFI is cheaper than 81.43% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, REFI is valued rather cheaply.
Industry RankSector Rank
PE 7.15
Fwd PE 6.96
REFI Price Earnings VS Forward Price EarningsREFI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, REFI is valued a bit cheaper than 72.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.57
EV/EBITDA N/A
REFI Per share dataREFI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • REFI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.87%
EPS Next 3Y0.48%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • REFI has a Yearly Dividend Yield of 15.22%, which is a nice return.
  • Compared to an average industry Dividend Yield of 11.84, REFI pays a better dividend. On top of this REFI pays more dividend than 87.14% of the companies listed in the same industry.
  • REFI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 15.22%

5.2 History

  • REFI has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
REFI Yearly Dividends per shareREFI Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • 120.78% of the earnings are spent on dividend by REFI. This is not a sustainable payout ratio.
DP120.78%
EPS Next 2Y-3.87%
EPS Next 3Y0.48%
REFI Yearly Income VS Free CF VS DividendREFI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 10M 20M 30M 40M
REFI Dividend Payout.REFI Dividend Payout, showing the Payout Ratio.REFI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CHICAGO ATLANTIC REAL ESTATE

NASDAQ:REFI (2/5/2026, 8:00:02 PM)

After market: 12.03 -0.06 (-0.5%)

12.09

-0.34 (-2.74%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)11-04
Earnings (Next)03-10
Inst Owners35.08%
Inst Owner Change-1.67%
Ins Owners14.29%
Ins Owner Change1.75%
Market Cap254.86M
Revenue(TTM)62.34M
Net Income(TTM)35.77M
Analysts81.82
Price Target17.28 (42.93%)
Short Float %2.65%
Short Ratio3.63
Dividend
Industry RankSector Rank
Dividend Yield 15.22%
Yearly Dividend2.13
Dividend Growth(5Y)N/A
DP120.78%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.79%
Min EPS beat(2)-9.16%
Max EPS beat(2)-6.42%
EPS beat(4)1
Avg EPS beat(4)-7.61%
Min EPS beat(4)-15.03%
Max EPS beat(4)0.17%
EPS beat(8)2
Avg EPS beat(8)-5.29%
EPS beat(12)4
Avg EPS beat(12)-4.71%
EPS beat(16)7
Avg EPS beat(16)1.1%
Revenue beat(2)1
Avg Revenue beat(2)1.54%
Min Revenue beat(2)-1.49%
Max Revenue beat(2)4.58%
Revenue beat(4)1
Avg Revenue beat(4)-1.16%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)4.58%
Revenue beat(8)3
Avg Revenue beat(8)-1.52%
Revenue beat(12)5
Avg Revenue beat(12)-0.03%
Revenue beat(16)8
Avg Revenue beat(16)0.63%
PT rev (1m)0%
PT rev (3m)-3.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.84%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.85%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)2.03%
Valuation
Industry RankSector Rank
PE 7.15
Fwd PE 6.96
P/S 4.09
P/FCF 10.57
P/OCF 10.57
P/B 0.82
P/tB 0.82
EV/EBITDA N/A
EPS(TTM)1.69
EY13.98%
EPS(NY)1.74
Fwd EY14.37%
FCF(TTM)1.14
FCFY9.46%
OCF(TTM)1.14
OCFY9.46%
SpS2.96
BVpS14.7
TBVpS14.7
PEG (NY)N/A
PEG (5Y)N/A
Graham Number23.64
Profitability
Industry RankSector Rank
ROA 8.38%
ROE 11.54%
ROCE 8.63%
ROIC 6.82%
ROICexc 7.33%
ROICexgc 7.33%
OM 57.38%
PM (TTM) 57.38%
GM 88.58%
FCFM 38.66%
ROA(3y)9.57%
ROA(5y)N/A
ROE(3y)12.82%
ROE(5y)N/A
ROIC(3y)7.95%
ROIC(5y)N/A
ROICexc(3y)8.22%
ROICexc(5y)N/A
ROICexgc(3y)8.22%
ROICexgc(5y)N/A
ROCE(3y)10.97%
ROCE(5y)N/A
ROICexgc growth 3Y24.05%
ROICexgc growth 5YN/A
ROICexc growth 3Y24.05%
ROICexc growth 5YN/A
OM growth 3Y-11.53%
OM growth 5YN/A
PM growth 3Y-11.31%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 4.22
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 4.89
Cash Conversion N/A
Profit Quality 67.37%
Current Ratio 2.38
Quick Ratio 2.38
Altman-Z 1.77
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)62.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.5%
EPS 3Y8.53%
EPS 5YN/A
EPS Q2Q%-25%
EPS Next Y-7.04%
EPS Next 2Y-3.87%
EPS Next 3Y0.48%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.39%
Revenue growth 3Y77.47%
Revenue growth 5YN/A
Sales Q2Q%-6.2%
Revenue Next Year0.77%
Revenue Next 2Y2.15%
Revenue Next 3Y4.95%
Revenue Next 5YN/A
EBIT growth 1Y-7.14%
EBIT growth 3Y57.01%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y37.41%
FCF growth 3Y51.43%
FCF growth 5YN/A
OCF growth 1Y37.41%
OCF growth 3Y51.43%
OCF growth 5YN/A

CHICAGO ATLANTIC REAL ESTATE / REFI FAQ

Can you provide the ChartMill fundamental rating for CHICAGO ATLANTIC REAL ESTATE?

ChartMill assigns a fundamental rating of 6 / 10 to REFI.


What is the valuation status of CHICAGO ATLANTIC REAL ESTATE (REFI) stock?

ChartMill assigns a valuation rating of 6 / 10 to CHICAGO ATLANTIC REAL ESTATE (REFI). This can be considered as Fairly Valued.


What is the profitability of REFI stock?

CHICAGO ATLANTIC REAL ESTATE (REFI) has a profitability rating of 7 / 10.


What is the valuation of CHICAGO ATLANTIC REAL ESTATE based on its PE and PB ratios?

The Price/Earnings (PE) ratio for CHICAGO ATLANTIC REAL ESTATE (REFI) is 7.15 and the Price/Book (PB) ratio is 0.82.


Can you provide the financial health for REFI stock?

The financial health rating of CHICAGO ATLANTIC REAL ESTATE (REFI) is 7 / 10.