Sachem Capital Corp. Common Shares (SACH)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable earning power bought at a sensible discount. Sachem is a small mortgage lender: 26 employees, short-term first-lien real estate loans, and a market value of only $39.9M at the $0.83 close on 2026-10-13. FairStock calculations show P/B 0.25, P/E -3.20, ROE -4.71%, D/E 1.93, and Piotroski 3/9. That is not a quality compounder; it is a leveraged credit business under stress. The reported record is volatile. In FY2023, net income was $15.9M, or $0.27 per diluted share, on revenue of $64.7M. FY2024 flipped to a net loss of $39.6M, or $0.93 per share, on revenue of $57.5M. FY2025 produced net income of $6.3M, or $0.04 per share. But in fiscal Q1 2026, the quarter ended 2026-03-31, Sachem reported net income of -$6.1M and diluted EPS of -$0.15; in fiscal Q2 2026, the quarter ended 2026-06-30, it reported net income of -$5.4M and diluted EPS of -$0.14. That is why the computed Lynch category is TURNAROUND, though the latest trend is again negative. The 4.17% dividend yield and beta of 1.21 do not erase the credit question. A 0.25 price-to-book could be a bargain only if the loan book and book value are sound. As a lender, leverage and underwriting matter most; D/E of 1.93 leaves little room for error. CET1, NIM, and combined ratio are not in the data. Until losses stabilize and book value can be trusted, Mr. Market is likely pricing credit doubt, not a clean bargain.

In plain English: Sachem Capital lends money to real estate investors, mostly short-term loans backed by property. The business looks weak right now: it lost money in the last two reported quarters, revenue has fallen sharply, and debt is high. The share price is very low compared with the company’s stated book value, but that cheapness comes with real risk because losses are mounting.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer