WallStSmart

Annaly Capital Management, Inc. (NLY)vsChicago Atlantic Real Estate Finance Inc (REFI)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Annaly Capital Management, Inc. generates 4919% more annual revenue ($2.50B vs $49.83M). NLY leads profitability with a 87.4% profit margin vs 61.8%. NLY trades at a lower P/E of 7.1x. NLY earns a higher WallStSmart Score of 77/100 (B+).

NLY

Strong Buy

77

out of 100

Grade: B+

Growth: 9.3Profit: 7.5Value: 4.7Quality: 2.5
Piotroski: 3/9Altman Z: -0.56

REFI

Hold

49

out of 100

Grade: D+

Growth: 3.3Profit: 8.0Value: 6.7Quality: 4.8
Piotroski: 2/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NLYSignificantly Overvalued (-37.8%)

Margin of Safety

-37.8%

Fair Value

$16.55

Current Price

$21.22

$4.67 premium

UndervaluedFair: $16.55Overvalued

Intrinsic value data unavailable for REFI.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NLY6 strengths · Avg: 10.0/10
P/E RatioValuation
7.1x10/10

Attractively priced relative to earnings

Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Profit MarginProfitability
87.4%10/10

Keeps 87 of every $100 in revenue as profit

Operating MarginProfitability
81.0%10/10

Strong operational efficiency at 81.0%

Revenue GrowthGrowth
48.8%10/10

Revenue surging 48.8% year-over-year

EPS GrowthGrowth
122.5%10/10

Earnings expanding 122.5% YoY

REFI4 strengths · Avg: 10.0/10
P/E RatioValuation
8.0x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

Profit MarginProfitability
61.8%10/10

Keeps 62 of every $100 in revenue as profit

Operating MarginProfitability
54.3%10/10

Strong operational efficiency at 54.3%

Areas to Watch

NLY4 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
32.032/10

Expensive relative to growth rate

Free Cash FlowQuality
$-1.90B2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.562/10

Distress zone — elevated risk

REFI4 concerns · Avg: 2.5/10
Market CapQuality
$244.05M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Revenue GrowthGrowth
-34.2%2/10

Revenue declined 34.2%

EPS GrowthGrowth
-51.1%2/10

Earnings declined 51.1%

Comparative Analysis Report

WallStSmart Research

Bull Case : NLY

The strongest argument for NLY centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 87.4% and operating margin at 81.0%. Revenue growth of 48.8% demonstrates continued momentum.

Bull Case : REFI

The strongest argument for REFI centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 61.8% and operating margin at 54.3%.

Bear Case : NLY

The primary concerns for NLY are Piotroski F-Score, PEG Ratio, Free Cash Flow. Debt-to-equity of 7.18 is elevated, increasing financial risk.

Bear Case : REFI

The primary concerns for REFI are Market Cap, Piotroski F-Score, Revenue Growth.

Key Dynamics to Monitor

NLY profiles as a growth stock while REFI is a declining play — different risk/reward profiles.

NLY carries more volatility with a beta of 1.25 — expect wider price swings.

NLY is growing revenue faster at 48.8% — sustainability is the question.

REFI generates stronger free cash flow (3M), providing more financial flexibility.

Bottom Line

NLY scores higher overall (77/100 vs 49/100), backed by strong 87.4% margins and 48.8% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Annaly Capital Management, Inc.

REAL ESTATE · REIT - MORTGAGE · USA

Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets. The company is headquartered in New York, New York.

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Chicago Atlantic Real Estate Finance Inc

REAL ESTATE · REIT - MORTGAGE · USA

Chicago Atlantic Real Estate Finance Inc. is a forward-looking Real Estate Investment Trust (REIT) dedicated to offering secure financing solutions tailored to the burgeoning cannabis sector. Through strategic portfolio management and deep industry insights, the company aims to seize substantial growth prospects within this unique market. Chicago Atlantic employs a robust risk management framework to adeptly navigate the complexities of regulatory landscapes, ensuring the generation of competitive risk-adjusted returns for institutional investors. Led by an experienced management team, the firm is focused on maximizing shareholder value while adapting to the evolving dynamics of the industry.

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