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HCDI - Harbor Custom Development, Inc.

NASDAQ -> Real Estate -> Real Estate—Development
Gig Harbor, United States

HCDI price evolution
HCDI
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $5.39 $12.79 $9.05 $2.4
Short term investments
Net receivables $0.1 $0.06 $0.28 $0.08
Inventory
Total current assets $7.14 $15.18 $10.83 $4.13
Long term investments
Property, plant & equipment $9.92 $9.32 $9.51 $9.05
Goodwill & intangible assets
Total noncurrent assets $120.88 $94.53 $45.21 $29.49
Total investments
Total assets $128.02 $109.71 $56.05 $33.62
Current liabilities
Accounts payable $5.88 $5.91 $2.61 $2.7
Deferred revenue $0.02 $0.01 $0.9
Short long term debt
Total current liabilities $5.88 $5.91 $2.61 $2.7
Long term debt $57.07 $42.23 $21.67 $21.77
Total noncurrent liabilities $59.08 $44 $23.34 $24.5
Total debt $58.45 $43.84 $23.34 $23.61
Total liabilities $64.95 $49.9 $25.95 $27.2
Shareholders' equity
Retained earnings -$2.03 -$5.11 -$6.04 -$4.49
Other shareholder equity -$1.29 -$1.29 -$1.29 -$1.29
Total shareholder equity $64.36 $61.1 $31.39 $7.7
(in millions $) 31 Dec 2020 31 Dec 2019
Current assets
Cash $2.4 $0.43
Short term investments
Net receivables $0.08 $0.01
Inventory
Total current assets $4.13 $0.56
Long term investments
Property, plant & equipment $9.05 $6.2
Goodwill & intangible assets
Total noncurrent assets $29.49 $31.2
Total investments
Total assets $33.62 $32.21
Current liabilities
Accounts payable $2.7 $3.78
Deferred revenue $0.9 $0.07
Short long term debt
Total current liabilities $2.7 $3.78
Long term debt $21.77 $27.5
Total noncurrent liabilities $24.5 $29.21
Total debt $23.61 $29.59
Total liabilities $27.2 $33.44
Shareholders' equity
Retained earnings -$4.49 -$0.95
Other shareholder equity -$1.29 -$1.06
Total shareholder equity $7.7 -$0.16
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue $18.01 $14.13 $13.87 $24.32
Cost of revenue $10.87 $10.81 $13.27 $23.95
Gross Profit $7.14 $3.33 $0.61 $0.37
Operating activities
Research & development
Selling, general & administrative $3.32 $2.27 $2.05 $1.72
Total operating expenses $3.32 $2.27 $2.05 $1.72
Operating income $3.82 $1.06 -$1.44 -$1.35
Income from continuing operations
EBIT $3.82 $1.16 -$1.45 -$1.11
Income tax expense $0.68
Interest expense $0.12 $0.09 $0.1 $0.13
Net income
Net income $3.71 $1.07 -$1.55 -$1.91
Income (for common shares) $3.08 $0.93 -$1.55 -$1.91
(in millions $) 31 Dec 2020 31 Dec 2019
Revenue
Total revenue $50.4 $30.95
Cost of revenue $48.39 $27.65
Gross Profit $2 $3.31
Operating activities
Research & development
Selling, general & administrative $5.49 $3.47
Total operating expenses $5.49 $3.47
Operating income -$3.49 -$0.16
Income from continuing operations
EBIT -$3.03 -$0.04
Income tax expense $0.12 -$0.63
Interest expense $0.38 $0.36
Net income
Net income -$3.53 $0.24
Income (for common shares) -$3.53 $0.24
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income $3.71 $1.07 -$1.55 -$1.91
Operating activities
Depreciation $0.39 $0.34 $0.31 $0.26
Business acquisitions & disposals
Stock-based compensation $0.19 $0.12 $0.12 $0.1
Total cash flows from operations -$18.04 -$44.61 -$16.92 $12.88
Investing activities
Capital expenditures -$0.2 -$0.03 -$0.08 $0.65
Investments
Total cash flows from investing -$0.2 -$0.03 -$0.08 $0.65
Financing activities
Dividends paid -$0.56
Sale and purchase of stock $25.12 -$0
Net borrowings $11.53 $19.68 -$1.5 -$13.42
Total cash flows from financing $10.84 $48.38 $23.65 -$13.48
Effect of exchange rate
Change in cash and equivalents -$7.4 $3.74 $6.65 $0.04
(in millions $) 31 Dec 2020 31 Dec 2019
Net income -$3.53 $0.24
Operating activities
Depreciation $0.88 $0.58
Business acquisitions & disposals
Stock-based compensation $0.12 $0.01
Total cash flows from operations $3.02 -$3.18
Investing activities
Capital expenditures $0.58 -$0.4
Investments
Total cash flows from investing $0.58 -$0.4
Financing activities
Dividends paid
Sale and purchase of stock $10.79
Net borrowings -$12.35 $5.57
Total cash flows from financing -$1.63 $3.8
Effect of exchange rate
Change in cash and equivalents $1.97 $0.21
Fundamentals
Market cap $41.33M
Enterprise value $94.40M
Shares outstanding 14.92M
Revenue $70.34M
EBITDA $3.72M
EBIT $2.42M
Net Income $1.32M
Revenue Q/Q 130.71%
Revenue Y/Y N/A
P/E ratio 31.37
EV/Sales 1.34
EV/EBITDA 25.35
EV/EBIT 38.96
P/S ratio 0.59
P/B ratio 0.63
Book/Share 4.40
Cash/Share 0.36
EPS $0.09
ROA 1.61%
ROE 3.20%
Debt/Equity 3.53
Net debt/EBITDA 16.00
Current ratio 1.22
Quick ratio 1.22