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Friday 6 November 2026
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Advanced Flower Capital Inc.
AFCG Financial Asset Management
Advanced Flower Capital Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, down 46.2% from fiscal 2024.
- Revenue
- +40.1%
- EPS
- +149.1%
- Free cash flow
- +30.5%
- Total debt
- +1,150.0%
Quarter to September 2026, against a year earlier
3.03
0.04
+1.34%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 5 | 37 | 75 | 64 | 46 | 25 | 30 | +36.2% | 29 | 30 | 31 | +7.6% | |
| Gross margin, % | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | — | — | — | — | 4 | 21 | 37 | 22 | 14 | (21) | (4) | n/m | ||||||
| EBT margin, % | — | — | — | — | 82.16 | 56.83 | 49.49 | 35.00 | 31.34 | (86.66) | (11.70) | (168.8) pt | ||||||
| Net income | — | — | — | — | 4 | 21 | 36 | 21 | 17 | (21) | 5 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.92 | 2.77 | 3.76 | 3.15 | 2.19 | 1.10 | 0.00 | +3.7% | |||||
| Earnings | — | — | — | — | 0.76 | 1.57 | 1.80 | 1.02 | 0.78 | (0.95) | 1.04 | n/m | ||||||
| Cash flow | — | — | — | — | 0.27 | 0.71 | 1.58 | 1.04 | 1.04 | 0.51 | (1.31) | +13.6% | ||||||
| Capex | — | — | — | — | 0.29 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | 0.56 | 0.89 | 1.58 | 1.04 | 1.04 | 0.51 | (1.31) | (1.9%) | ||||||
| Book value | — | — | — | — | 16.10 | 20.42 | 17.09 | 15.75 | 9.67 | 7.89 | 8.48 | (13.3%) | ||||||
| Shares, m | — | — | — | — | 6 | 13 | 20 | 20 | 21 | 22 | 23 | +31.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 57.58 | 11.21 | 6.11 | 8.46 | 10.41 | 0.00 | 2.83 | 15.6 | |||||
| P/S | — | — | — | — | 0.00 | 5.88 | 2.95 | 2.74 | 3.80 | 2.58 | 2.20 | 3.0 | ||||||
| P/B | — | — | — | — | 2.77 | 0.80 | 0.65 | 0.55 | 0.86 | 0.36 | 0.35 | 1.0 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 4.70 | 1.76 | 1.87 | 3.72 | 1.86 | — | 2.3 | ||||||
| EV/FCF | — | — | — | — | 0.00 | 14.68 | 3.90 | 5.08 | 7.11 | 3.38 | — | 5.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 2 | 10 | 31 | 21 | 22 | 11 | (30) | +49.2% | |||||
| Capex | — | — | — | — | 2 | 2 | — | — | — | — | 2 | +40.2% | ||||||
| Free cash flow | — | — | — | — | 3 | 12 | 31 | 21 | 22 | 11 | (30) | +28.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 92 | 340 | 409 | 335 | 306 | 193 | 27 | +16.0% | |||||
| Net debt | — | — | — | — | (10) | (34) | (80) | (48) | (4) | (18) | (102) | +12.8% | ||||||
| Shareholders’ equity | — | — | — | — | 92 | 273 | 339 | 320 | 201 | 176 | 192 | +13.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | 1.54 | 7.50 | 7.30 | 4.25 | 3.76 | (6.21) | 0.00 | (7.7) pt | |||||
| ROIC | — | — | — | — | 2.19 | 5.92 | 12.39 | 9.75 | 8.97 | 3.51 | 0.00 | +1.3 pt | ||||||
| ROE | — | — | — | — | 2.37 | 11.49 | 11.74 | 6.36 | 6.27 | (11.16) | 0.00 | (13.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 5 Nov 2026
Advanced Flower Capital Inc. vs peers in Asset Management (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| HNNA Hennessy Advisors, Inc. | $83.2M | 10.0× | 10.6× | +4.17% (above 0%: growing) | −3.85% (below 0%: shrinking) | −6.00% (below 0%: shrinking) | 100.00% | 34.72% | Compare |
| PFX PhenixFIN Corporation | $81.5M | 17.2× | 44.6× | +4.77% (above 0%: growing) | n/m | +89.91% (above 0%: growing) | 100.00% | 68.13% | Compare |
| BCIC BCP Investment Corporation | $74.2M | — (loss-making) | — (loss-making) | +20.07% (above 0%: growing) | n/m | +99.89% (above 0%: growing) | 100.00% | 37.20% | Compare |
| GECC Great Elm Capital Group, Inc. | $68.6M | — (loss-making) | 6.2× | −18.30% (below 0%: shrinking) | n/m | +152.73% (above 0%: growing) | 100.00% | 67.38% | Compare |
| AFCG Advanced Flower Capital Inc. | $67.2M | 2.8× | 2.9× | +40.12% (above 0%: growing) | n/m | +30.46% (above 0%: growing) | 100.00% | 64.59% | |
| GEG Great Elm Group, Inc. | $66.5M | — (loss-making) | — (loss-making) | −69.06% (below 0%: shrinking) | n/m | −378.19% (below 0%: shrinking) | 0.00% | (104.49%) | Compare |
| SDEV Stablecoin Development Corporation | $65.6M | 0.1× | — (loss-making) | +2,540.45% (above 0%: growing) | n/m | +43.46% (above 0%: growing) | 100.00% | 91.79% | Compare |
| PDCC Pearl Diver Credit Company Inc. | $60.8M | — (loss-making) | — | — | +136.54% (above 0%: growing) | — | — | — | Compare |
| ZSTK ZeroStack Corp. | $56.1M | — (loss-making) | — (loss-making) | +40.67% (above 0%: growing) | n/m | +146.50% (above 0%: growing) | 11.85% | (177.43%) | Compare |
| Median of peers | $67.5M | 10.0× | 10.6× | +4.77% | — | +89.91% | 100.00% | 37.20% |
Pay and ownership Proxy statement filed 17 April 2026
Ownership
Directors and executive officers, together
30.70%
Leonard M. Tannenbaum
28.00%
Stoney Lonesome HF LP
5.90%
BlackRock, Inc.
5.60%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement