Demonstrações financeiras detalhadas de Sachem Capital Corp. (SACH): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Sachem Capital Corp. registou receitas de $47.1M no último exercício, com um CAGR de 5 anos de 29.2%. O lucro líquido atingiu $6.3M, com CAGR de 5 anos de -6.8%.
Margens dos últimos 12 meses: margem bruta 81.5%, margem operacional 26.3%, margem líquida -18.4%. O fluxo de caixa livre cresceu a CAGR de -23.4% em 5 anos.
Ao preço atual de $0.95, SACH apresenta lucros negativos (P/L não significativo) e um ROE de 3.61%. A capitalização de mercado é de $45M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $3.5M | $6.3M | $10.0M | $10.2M | $13.1M | $20.0M | $30.6M | $30.0M | $57.5M | $47.1M |
| Custo da Receita | $87967 | $664134 | $19000 | 0 | 0 | 0 | 0 | 0 | $372000 | $1.1M |
| Lucro Bruto | $3.5M | $5.7M | $10.0M | $10.2M | $13.1M | $20.0M | $30.6M | $30.0M | $35.2M | $46.0M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $402273 | $956174 | $2.1M | $2.6M | $3.0M | $5.4M | $8.4M | $11.9M | $6.8M | $6.5M |
| Despesas Operacionais | $489766 | $807940 | $2.1M | $2.6M | $3.0M | $5.4M | $8.4M | $14.9M | $15.7M | $18.3M |
| Lucro Operacional | $3.1M | $4.9M | $7.9M | $7.6M | $10.1M | $14.6M | $22.2M | $15.0M | -$11.7M | $27.7M |
| EBITDA | $3.2M | 0 | 0 | $63566 | $61865 | $83525 | $106414 | $266331 | -$11.3M | $32.2M |
| Despesas com Juros | $505135 | $664134 | $1.7M | $2.9M | $5.5M | $10.4M | $21.5M | $29.2M | $27.8M | $25.4M |
| Lucro Antes de Impostos | $3.1M | $4.9M | $7.8M | $6.2M | $9.0M | $13.3M | $20.9M | $15.9M | -$39.6M | $6.3M |
| Imposto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lucro Líquido | $3.1M | $4.9M | $7.8M | $6.2M | $9.0M | $13.3M | $20.9M | $15.9M | -$39.6M | $6.3M |
| LPA | $0.26 | $0.38 | $0.50 | $0.32 | $0.41 | $0.44 | $0.46 | $0.27 | $-0.93 | $0.04 |
| LPA Diluído | $0.26 | $0.38 | $0.50 | $0.32 | $0.41 | $0.44 | $0.46 | $0.27 | $-0.93 | $0.04 |
| Ações em Circulação (Diluídas) | $11.1M | $12.0M | $15.4M | $19.4M | $22.1M | $26.3M | $37.7M | $44.2M | $47.4M | $46.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $11.9M | $10.8M | $11.2M | $9.4M |
| Lucro Bruto | $4.5M | $10.5M | $11.0M | $9.2M |
| Lucro Operacional | $997000 | $5.8M | $1.3M | $3.3M |
| EBITDA | $1.1M | $9.3M | -$6.0M | $1.0M |
| Lucro Líquido | $997000 | $2.5M | -$6.1M | -$5.4M |
| LPA | $-0.00 | $0.03 | $-0.15 | $-0.14 |
| LPA Diluído | $-0.00 | $0.03 | $-0.15 | $-0.14 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $1.6M | $954223 | $99310 | $18.8M | $19.4M | $41.9M | $23.7M | $12.6M | $18.1M | $10.9M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | $60.6M | $24.6M | 0 | $1.5M | $936000 |
| Contas a Receber | $743681 | $1.3M | $2.2M | $94.3M | $155.6M | $7.4M | $15.1M | $20.5M | $3.8M | $4.1M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $36.1M | $65.7M | $81.3M | $123.3M | $179.0M | $110.2M | $65.0M | $33.4M | $23.4M | $16.0M |
| Imobilizado | $397448 | $501819 | $1.2M | $1.9M | $2.8M | $2.2M | $4.1M | $3.4M | $3.2M | $3.2M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | $391000 | $391000 | $391000 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | $130400 | $698000 | $698000 | $521000 |
| Ativos Totais | $38.4M | $67.5M | $86.0M | $141.2M | $226.7M | $418.0M | $565.7M | $620.9M | $492.0M | $460.0M |
| Contas a Pagar | $196086 | $431350 | $316413 | $249879 | $372662 | $697403 | $1.4M | $1.8M | $3.5M | $2.6M |
| Dívida de Curto Prazo | $8.1M | $9.8M | $27.2M | 0 | $28.1M | $33.2M | $3.6M | $61.8M | $40.0M | $19.0M |
| Passivos Circulantes | $8.4M | $10.3M | $1.1M | $253295 | $31.1M | $61.5M | $57.3M | $99.9M | $43.5M | $19.0M |
| Dívida de Longo Prazo | $310000 | $301101 | $290984 | $56.3M | $110.7M | $161.3M | $280.8M | $283.4M | $227.5M | $258.8M |
| Passivos Totais | $9.9M | $12.9M | $33.2M | $58.7M | $145.8M | $237.9M | $348.0M | $390.8M | $310.3M | $285.1M |
| Reservas | 0 | $1.2M | -$405483 | -$1.3M | -$2.9M | -$5.0M | -$8.0M | $75.1M | -$75.4M | -$83.0M |
| Patrimônio Líquido | $28.5M | $54.6M | $52.8M | $82.6M | $80.9M | $180.1M | $217.7M | $230.1M | $181.7M | $174.9M |
| Dívida Total | $8.4M | $10.1M | $27.5M | $56.3M | $138.8M | $194.5M | $284.4M | $345.9M | $268.2M | $277.8M |
| Dívida Líquida | $6.9M | $9.2M | $27.4M | $37.5M | $119.4M | $91.9M | $236.1M | $333.3M | $248.6M | $266.0M |
| Capital de Giro | $27.7M | $55.4M | $80.3M | $123.0M | $147.9M | $48.7M | $7.8M | -$66.4M | -$20.1M | -$3.0M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $11.2M | $10.9M | $11.6M | $28.8M |
| Ativos Totais | $484.4M | $460.0M | $473.3M | $472.9M |
| Passivos Totais | $308.8M | $285.1M | $307.7M | $314.1M |
| Patrimônio Líquido | $175.6M | $174.9M | $165.6M | $158.8M |
| Dívida Total | $299.6M | $277.8M | $298.3M | $306.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $3.1M | $4.9M | $7.8M | $6.2M | $9.0M | $13.3M | $20.9M | $15.9M | -$39.6M | $6.3M |
| Depreciação e Amortização | $47676 | $28358 | $32529 | $63566 | $61865 | $83525 | $106414 | $266331 | $372000 | $2.2M |
| Compensação em Ações | 0 | 0 | $37589 | $43147 | $16429 | $191318 | $495015 | $822231 | $863000 | $840000 |
| Variação Capital de Giro | $510915 | 0 | -$1.8M | $626640 | $54733 | $12.3M | -$13.8M | -$4.5M | -$2.2M | -$4.7M |
| Fluxo de Caixa Operacional | $3.7M | $4.8M | $6.2M | $8.1M | $9.6M | $27.8M | $13.1M | $21.9M | $12.9M | $2.7M |
| CapEx | -$397448 | -$132729 | -$710815 | -$241855 | -$148857 | -$822322 | -$1.6M | -$784000 | -$77000 | -$162000 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $19.9M |
| Recompra de Ações | -$580890 | 0 | 0 | 0 | 0 | 0 | 0 | -$226327 | -$1.5M | 0 |
| Dividendos Pagos | -$3.9M | -$5.8M | -$6.8M | -$9.7M | -$8.0M | -$14.1M | -$22.5M | -$25.7M | -$20.8M | -$14.0M |
| Fluxo de Caixa Livre | $3.3M | $4.7M | $5.5M | $7.9M | $9.5M | $27.0M | $11.6M | $21.9M | $12.8M | $2.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $4.9M | -$3.0M | $835000 | -$3.6M |
| CapEx | -$12000 | -$107000 | -$363000 | -$741000 |
| Fluxo de Caixa Livre | $4.9M | -$3.1M | $472000 | -$4.3M |
| Dividendos Pagos | -$3.5M | -$3.5M | -$3.5M | -$1.6M |
| Compensação em Ações | $217000 | $195000 | $267000 | $160000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +78.9% | +58.7% | +1.3% | +28.2% | +53.2% | +53.1% | -2.1% | +91.9% | -18.2% |
| Crescimento Lucro Líquido (anual) | | +59.3% | +59.9% | -20.3% | +45.2% | +48.1% | +57.0% | -24.0% | -348.9% | +115.9% |
| Crescimento LPA (anual) | | +46.2% | +31.6% | -36.0% | +28.1% | +7.3% | +4.5% | -41.3% | -444.4% | +104.2% |
| Variação de Ações (anual) | | +7.7% | +29.0% | +25.9% | +13.9% | +19.0% | +43.4% | +17.2% | +7.2% | -1.1% |
| Crescimento FCF (anual) | | +42.8% | +16.8% | +43.0% | +20.4% | +184.7% | -57.1% | +88.9% | -41.4% | -80.5% |
| Margem Bruta | 97.5% | 89.5% | 99.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 61.1% | 97.8% |
| Margem Operacional | 86.2% | 76.8% | 78.1% | 74.9% | 77.1% | 73.2% | 72.5% | 50.2% | -20.4% | 58.8% |
| Margem EBITDA | 90.0% | 0.0% | 0.0% | 0.6% | 0.5% | 0.4% | 0.3% | 0.9% | -19.7% | 68.5% |
| Margem Líquida | 86.2% | 76.8% | 77.4% | 60.9% | 68.9% | 66.6% | 68.3% | 53.0% | -68.8% | 13.4% |
| Margem FCF | 93.2% | 74.4% | 54.8% | 77.3% | 72.6% | 134.9% | 37.8% | 72.9% | 22.3% | 5.3% |
| Taxa Efetiva de Imposto | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.0% | 0.0% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.30 | $0.39 | $0.36 | $0.41 | $0.43 | $1.03 | $0.31 | $0.49 | $0.27 | $0.05 |
| Dividendo por Ação | $0.35 | $0.49 | $0.44 | $0.50 | $0.36 | $0.54 | $0.60 | $0.58 | $0.44 | $0.30 |
| Ações em Circulação (Básicas) | $11.1M | $12.0M | $15.4M | $19.4M | $22.1M | $26.3M | $37.7M | $44.2M | $47.4M | $46.9M |
O que olhar em empresas de Real Estate
- FFO / Ação (Crescimento positivo) — O 'EPS real' de um REIT — lucro + depreciação.
- Cobertura do dividendo (FFO/div) (≥1,1x) — O FFO deve cobrir o dividendo com margem.
- Dívida Líquida / EBITDA (≤6x) — Referência NAREIT. Normaliza alavancagem pela geração de caixa.
- Dívida / Ativos (40-60%) — REITs usam muita dívida por design. >65% frágil em subidas de juros.
- FFO Payout (proxy) (<80%) — Dividendos / Cash Flow operacional. REITs de qualidade retêm >20%.
- P/FFO (15-20x) — O P/L equivalente para REITs. Faixa típica saudável.
Rentabilidade
| Retorno sobre patrimônio | 3.61% |
| Retorno sobre capital investido | 144.70% |
| Retorno sobre ativos | 1.37% |
| Margem bruta | 81.50% |
| Margem operacional | 26.32% |
| Margem líquida | -18.37% |
Saúde financeira
| Dívida / Patrimônio | 1.93 |
| Liquidez corrente | 0.92 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.52 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 19.38 | 10.37 | 7.82 | 13.56 | 10.15 | 13.27 | 7.17 | 13.85 | -1.45 | 26.53 |
| P/VP | 1.96 | 0.86 | 1.14 | 1.02 | 1.14 | 0.85 | 0.57 | 0.72 | 0.35 | 0.28 |
| P/V | 15.81 | 7.44 | 6.00 | 8.28 | 7.05 | 7.68 | 4.07 | 5.52 | 1.11 | 1.04 |
| Margem Bruta | 97.5% | 89.5% | 99.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 61.1% | 97.8% |
| Margem Operacional | 86.2% | 76.8% | 78.1% | 74.9% | 77.1% | 73.2% | 72.5% | 50.2% | -20.4% | 58.8% |
| Margem Líquida | 86.2% | 76.8% | 77.4% | 60.9% | 68.9% | 66.6% | 68.3% | 53.0% | -68.8% | 13.4% |