AGNC INVESTMENT CORP (AGNC) Stock Fundamental Analysis
NASDAQ:AGNC - US00123Q1040 - REIT
10.25 USD
-0.1 (-0.97%)
10.2509 USD
+0 (+0.01%)
We assign a fundamental rating of 3 out of 10 to AGNC. AGNC was compared to 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While AGNC is still in line with the averages on profitability rating, there are concerns on its financial health. AGNC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AGNC was profitable.
In the past year AGNC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AGNC reported negative net income in multiple years.
AGNC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
AGNC has a Return On Assets (0.23%) which is comparable to the rest of the industry.
AGNC has a Return On Equity (2.28%) which is in line with its industry peers.
With a Return On Invested Capital value of 0.30%, AGNC perfoms like the industry average, outperforming 50.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 2.28% | ||
| ROIC | 0.3% |
ROA(3y)-0.54%
ROA(5y)-0.22%
ROE(3y)-2.86%
ROE(5y)-1.11%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AGNC has a better Profit Margin (6.92%) than 68.66% of its industry peers.
AGNC's Profit Margin has declined in the last couple of years.
AGNC's Operating Margin of 11.08% is fine compared to the rest of the industry. AGNC outperforms 67.16% of its industry peers.
In the last couple of years the Operating Margin of AGNC has remained more or less at the same level.
With a Gross Margin value of 14.54%, AGNC perfoms like the industry average, outperforming 41.79% of the companies in the same industry.
AGNC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.08% | ||
| PM (TTM) | 6.92% | ||
| GM | 14.54% |
OM growth 3Y-35.43%
OM growth 5Y-1.27%
PM growth 3Y-35.92%
PM growth 5Y-2.73%
GM growth 3Y-35.24%
GM growth 5Y-1.15%
2. Health
2.1 Basic Checks
The number of shares outstanding for AGNC has been increased compared to 1 year ago.
The number of shares outstanding for AGNC has been increased compared to 5 years ago.
AGNC has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -1.08, we must say that AGNC is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -1.08, AGNC is doing worse than 94.03% of the companies in the same industry.
The Debt to FCF ratio of AGNC is 197.64, which is on the high side as it means it would take AGNC, 197.64 years of fcf income to pay off all of its debts.
AGNC has a Debt to FCF ratio of 197.64. This is in the lower half of the industry: AGNC underperforms 70.15% of its industry peers.
AGNC has a Debt/Equity ratio of 8.75. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 8.75, AGNC is doing worse than 80.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.75 | ||
| Debt/FCF | 197.64 | ||
| Altman-Z | -1.08 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.01 indicates that AGNC may have some problems paying its short term obligations.
AGNC has a worse Current ratio (0.01) than 91.04% of its industry peers.
A Quick Ratio of 0.01 indicates that AGNC may have some problems paying its short term obligations.
With a Quick ratio value of 0.01, AGNC is not doing good in the industry: 91.04% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.01 | ||
| Quick Ratio | 0.01 |
3. Growth
3.1 Past
AGNC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.36%.
Measured over the past years, AGNC shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.52% on average per year.
The Revenue has been growing slightly by 6.76% in the past year.
Measured over the past years, AGNC shows a small growth in Revenue. The Revenue has been growing by 5.98% on average per year.
EPS 1Y (TTM)-31.36%
EPS 3Y-14.16%
EPS 5Y-2.52%
EPS Q2Q%-28.3%
Revenue 1Y (TTM)6.76%
Revenue growth 3Y62.37%
Revenue growth 5Y5.98%
Sales Q2Q%5500%
3.2 Future
The Earnings Per Share is expected to decrease by -5.91% on average over the next years.
The Revenue is expected to grow by 207.05% on average over the next years. This is a very strong growth
EPS Next Y-15.62%
EPS Next 2Y-7.93%
EPS Next 3Y-5.91%
EPS Next 5YN/A
Revenue Next Year1542.52%
Revenue Next 2Y410.33%
Revenue Next 3Y207.05%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
AGNC is valuated cheaply with a Price/Earnings ratio of 6.33.
Based on the Price/Earnings ratio, AGNC is valued cheaper than 92.54% of the companies in the same industry.
When comparing the Price/Earnings ratio of AGNC to the average of the S&P500 Index (27.03), we can say AGNC is valued rather cheaply.
AGNC is valuated cheaply with a Price/Forward Earnings ratio of 6.33.
Based on the Price/Forward Earnings ratio, AGNC is valued cheaply inside the industry as 92.54% of the companies are valued more expensively.
AGNC is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.33 | ||
| Fwd PE | 6.33 |
4.2 Price Multiples
AGNC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.31 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as AGNC's earnings are expected to decrease with -5.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.93%
EPS Next 3Y-5.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.12%, AGNC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 11.13, AGNC pays a better dividend. On top of this AGNC pays more dividend than 82.09% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, AGNC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.12% |
5.2 History
The dividend of AGNC decreases each year by -5.92%.
AGNC has paid a dividend for at least 10 years, which is a reliable track record.
AGNC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.92%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
602.97% of the earnings are spent on dividend by AGNC. This is not a sustainable payout ratio.
The Dividend Rate of AGNC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP602.97%
EPS Next 2Y-7.93%
EPS Next 3Y-5.91%
10.25
-0.1 (-0.97%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners38.94%
Inst Owner Change15.98%
Ins Owners0.37%
Ins Owner Change-15.36%
Market Cap10.68B
Analysts78.1
Price Target9.94 (-3.02%)
Short Float %4.46%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.12% |
Yearly Dividend1.56
Dividend Growth(5Y)-5.92%
DP602.97%
Div Incr Years1
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.93%
Min EPS beat(2)-9.32%
Max EPS beat(2)7.47%
EPS beat(4)1
Avg EPS beat(4)-8.08%
Min EPS beat(4)-15.95%
Max EPS beat(4)7.47%
EPS beat(8)2
Avg EPS beat(8)-4.35%
EPS beat(12)6
Avg EPS beat(12)0.44%
EPS beat(16)10
Avg EPS beat(16)4.9%
Revenue beat(2)0
Avg Revenue beat(2)-55.29%
Min Revenue beat(2)-58.55%
Max Revenue beat(2)-52.02%
Revenue beat(4)0
Avg Revenue beat(4)-72.78%
Min Revenue beat(4)-133.13%
Max Revenue beat(4)-47.42%
Revenue beat(8)0
Avg Revenue beat(8)-90.31%
Revenue beat(12)1
Avg Revenue beat(12)-78.9%
Revenue beat(16)1
Avg Revenue beat(16)-96.7%
PT rev (1m)0.71%
PT rev (3m)2.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.31%
EPS NY rev (1m)-4.56%
EPS NY rev (3m)-4.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.35%
Revenue NY rev (1m)-21.63%
Revenue NY rev (3m)-21.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.33 | ||
| Fwd PE | 6.33 | ||
| P/S | 3.13 | ||
| P/FCF | 23.31 | ||
| P/OCF | 23.31 | ||
| P/B | 1.03 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.62
EY15.8%
EPS(NY)1.62
Fwd EY15.8%
FCF(TTM)0.44
FCFY4.29%
OCF(TTM)0.44
OCFY4.29%
SpS3.28
BVpS9.93
TBVpS9.43
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.23% | ||
| ROE | 2.28% | ||
| ROCE | 3.6% | ||
| ROIC | 0.3% | ||
| ROICexc | 0.3% | ||
| ROICexgc | 0.3% | ||
| OM | 11.08% | ||
| PM (TTM) | 6.92% | ||
| GM | 14.54% | ||
| FCFM | 13.42% |
ROA(3y)-0.54%
ROA(5y)-0.22%
ROE(3y)-2.86%
ROE(5y)-1.11%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-4.26%
ROICexcg growth 5Y9.59%
ROICexc growth 3Y-4.07%
ROICexc growth 5Y9.52%
OM growth 3Y-35.43%
OM growth 5Y-1.27%
PM growth 3Y-35.92%
PM growth 5Y-2.73%
GM growth 3Y-35.24%
GM growth 5Y-1.15%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.75 | ||
| Debt/FCF | 197.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 194.07% | ||
| Current Ratio | 0.01 | ||
| Quick Ratio | 0.01 | ||
| Altman-Z | -1.08 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.36%
EPS 3Y-14.16%
EPS 5Y-2.52%
EPS Q2Q%-28.3%
EPS Next Y-15.62%
EPS Next 2Y-7.93%
EPS Next 3Y-5.91%
EPS Next 5YN/A
Revenue 1Y (TTM)6.76%
Revenue growth 3Y62.37%
Revenue growth 5Y5.98%
Sales Q2Q%5500%
Revenue Next Year1542.52%
Revenue Next 2Y410.33%
Revenue Next 3Y207.05%
Revenue Next 5YN/A
EBIT growth 1Y-8.92%
EBIT growth 3Y4.84%
EBIT growth 5Y4.64%
EBIT Next Year33.61%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y60.7%
FCF growth 3Y-61.78%
FCF growth 5Y-40.77%
OCF growth 1Y60.7%
OCF growth 3Y-61.78%
OCF growth 5Y-40.77%