Arlington Asset Investment Corp (AAIC)
US0413562051 - REIT
We assign a fundamental rating of 2 out of 10 to AAIC. AAIC was compared to 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. AAIC has a bad profitability rating. Also its financial health evaluation is rather negative. AAIC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AAIC was profitable.
AAIC had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AAIC reported negative net income in multiple years.
AAIC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of AAIC (-0.27%) is worse than 65.63% of its industry peers.
AAIC's Return On Equity of -1.08% is on the low side compared to the rest of the industry. AAIC is outperformed by 62.50% of its industry peers.
AAIC's Return On Invested Capital of 0.19% is on the low side compared to the rest of the industry. AAIC is outperformed by 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.27% | ||
| ROE | -1.08% | ||
| ROIC | 0.19% |
ROA(3y)-2.37%
ROA(5y)-1.82%
ROE(3y)-11.03%
ROE(5y)-12.68%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AAIC's Profit Margin has declined in the last couple of years.
AAIC has a Operating Margin of 4.02%. This is in the lower half of the industry: AAIC underperforms 62.50% of its industry peers.
AAIC's Operating Margin has declined in the last couple of years.
The Gross Margin of AAIC (36.78%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of AAIC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.02% | ||
| PM (TTM) | N/A | ||
| GM | 36.78% |
OM growth 3Y18.88%
OM growth 5Y-16.44%
PM growth 3Y-17.2%
PM growth 5Y-18.06%
GM growth 3Y36.91%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
Compared to 1 year ago, AAIC has less shares outstanding
The number of shares outstanding for AAIC remains at a similar level compared to 5 years ago.
Compared to 1 year ago, AAIC has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -3.28, we must say that AAIC is in the distress zone and has some risk of bankruptcy.
AAIC has a Altman-Z score of -3.28. This is amonst the worse of the industry: AAIC underperforms 98.44% of its industry peers.
A Debt/Equity ratio of 3.01 is on the high side and indicates that AAIC has dependencies on debt financing.
AAIC has a Debt to Equity ratio (3.01) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.01 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -3.28 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AAIC has a Current Ratio of 0.36. This is a bad value and indicates that AAIC is not financially healthy enough and could expect problems in meeting its short term obligations.
AAIC has a Current ratio (0.36) which is comparable to the rest of the industry.
A Quick Ratio of 0.36 indicates that AAIC may have some problems paying its short term obligations.
With a Quick ratio value of 0.36, AAIC perfoms like the industry average, outperforming 57.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
AAIC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.39%, which is quite good.
AAIC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -33.34% yearly.
Looking at the last year, AAIC shows a quite strong growth in Revenue. The Revenue has grown by 17.04% in the last year.
The Revenue for AAIC have been decreasing by -16.37% on average. This is quite bad
EPS 1Y (TTM)17.39%
EPS 3Y-30.92%
EPS 5Y-33.34%
EPS growth Q2Q-36.36%
Revenue 1Y (TTM)17.04%
Revenue growth 3Y-25.55%
Revenue growth 5Y-16.37%
Revenue growth Q2Q-64.33%
3.2 Future
AAIC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.19% yearly.
The Revenue is expected to grow by 6.81% on average over the next years.
EPS Next Y0.98%
EPS Next 2Y-4.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.88%
Revenue Next 2Y6.81%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.93, the valuation of AAIC can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as AAIC.
The average S&P500 Price/Earnings ratio is at 24.92. AAIC is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 17.57 indicates a rather expensive valuation of AAIC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AAIC indicates a slightly more expensive valuation: AAIC is more expensive than 70.31% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AAIC to the average of the S&P500 Index (21.49), we can say AAIC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.93 | ||
| Fwd PE | 17.57 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AAIC does not grow enough to justify the current Price/Earnings ratio.
AAIC's earnings are expected to decrease with -4.19% in the coming years. This may justify a cheaper valuation.
PEG (NY)18.29
PEG (5Y)N/A
EPS Next 2Y-4.19%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for AAIC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Arlington Asset Investment Corp
NYSE:AAIC (12/13/2023, 7:04:00 PM)
After market: 4.84 0 (0%)4.84
+0.07 (+1.47%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap137.07M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.93 | ||
| Fwd PE | 17.57 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)18.29
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.27% | ||
| ROE | -1.08% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.02% | ||
| PM (TTM) | N/A | ||
| GM | 36.78% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)17.39%
EPS 3Y-30.92%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.98%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)17.04%
Revenue growth 3Y-25.55%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y