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GREAT AJAX CORP (AJX) Stock Fundamental Analysis

USA - NYSE:AJX - US38983D3008 - REIT

3.02 USD
-0.02 (-0.66%)
Last: 12/2/2024, 8:22:49 PM
3.02 USD
0 (0%)
After Hours: 12/2/2024, 8:22:49 PM
Fundamental Rating

2

Overall AJX gets a fundamental rating of 2 out of 10. We evaluated AJX against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of AJX have multiple concerns. AJX is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year AJX has reported negative net income.
AJX had a negative operating cash flow in the past year.
In multiple years AJX reported negative net income over the last 5 years.
AJX had negative operating cash flow in 4 of the past 5 years.
AJX Yearly Net Income VS EBIT VS OCF VS FCFAJX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M

1.2 Ratios

AJX's Return On Assets of -22.34% is on the low side compared to the rest of the industry. AJX is outperformed by 98.46% of its industry peers.
Looking at the Return On Equity, with a value of -77.90%, AJX is doing worse than 98.46% of the companies in the same industry.
Industry RankSector Rank
ROA -22.34%
ROE -77.9%
ROIC N/A
ROA(3y)-1.21%
ROA(5y)-0.02%
ROE(3y)-5.81%
ROE(5y)-0.64%
ROIC(3y)N/A
ROIC(5y)N/A
AJX Yearly ROA, ROE, ROICAJX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 -10 -15

1.3 Margins

AJX does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
AJX Yearly Profit, Operating, Gross MarginsAJX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

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1

2. Health

2.1 Basic Checks

AJX does not have a ROIC to compare to the WACC, probably because it is not profitable.
AJX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AJX has more shares outstanding
Compared to 1 year ago, AJX has an improved debt to assets ratio.
AJX Yearly Shares OutstandingAJX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
AJX Yearly Total Debt VS Total AssetsAJX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of -1.12, we must say that AJX is in the distress zone and has some risk of bankruptcy.
AJX's Altman-Z score of -1.12 is on the low side compared to the rest of the industry. AJX is outperformed by 95.38% of its industry peers.
A Debt/Equity ratio of 2.46 is on the high side and indicates that AJX has dependencies on debt financing.
The Debt to Equity ratio of AJX (2.46) is better than 72.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.46
Debt/FCF N/A
Altman-Z -1.12
ROIC/WACCN/A
WACC3.88%
AJX Yearly LT Debt VS Equity VS FCFAJX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M

2.3 Liquidity

A Current Ratio of 0.35 indicates that AJX may have some problems paying its short term obligations.
AJX's Current ratio of 0.35 is in line compared to the rest of the industry. AJX outperforms 58.46% of its industry peers.
A Quick Ratio of 0.35 indicates that AJX may have some problems paying its short term obligations.
AJX has a Quick ratio (0.35) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35
AJX Yearly Current Assets VS Current LiabilitesAJX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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4

3. Growth

3.1 Past

The earnings per share for AJX have decreased strongly by -169.29% in the last year.
AJX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -178.16%.
AJX shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.92% yearly.
EPS 1Y (TTM)-169.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%28%
Revenue 1Y (TTM)-178.16%
Revenue growth 3Y-20.63%
Revenue growth 5Y-14.92%
Sales Q2Q%164.29%

3.2 Future

Based on estimates for the next years, AJX will show a very strong growth in Earnings Per Share. The EPS will grow by 32.37% on average per year.
AJX is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 45.88% yearly.
EPS Next Y-85.51%
EPS Next 2Y48.36%
EPS Next 3Y32.37%
EPS Next 5YN/A
Revenue Next Year182.82%
Revenue Next 2Y54.78%
Revenue Next 3Y45.88%
Revenue Next 5YN/A

3.3 Evolution

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.
AJX Yearly Revenue VS EstimatesAJX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
AJX Yearly EPS VS EstimatesAJX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 -1 -2 -3

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AJX. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 7.67 indicates a rather cheap valuation of AJX.
Based on the Price/Forward Earnings ratio, AJX is valued a bit cheaper than 78.46% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.50, AJX is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 7.67
AJX Price Earnings VS Forward Price EarningsAJX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AJX Per share dataAJX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4

4.3 Compensation for Growth

AJX's earnings are expected to grow with 32.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y48.36%
EPS Next 3Y32.37%

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5. Dividend

5.1 Amount

AJX has a Yearly Dividend Yield of 7.95%, which is a nice return.
With a Dividend Yield of 7.95, AJX pays less dividend than the industry average, which is at 12.70. 93.85% of the companies listed in the same industry pay a better dividend than AJX!
Compared to an average S&P500 Dividend Yield of 2.33, AJX pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.95%

5.2 History

The dividend of AJX decreases each year by -7.19%.
AJX has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-7.19%
Div Incr Years0
Div Non Decr Years0
AJX Yearly Dividends per shareAJX Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

5.3 Sustainability

The earnings of AJX are negative and hence is the payout ratio. AJX will probably not be able to sustain this dividend level.
DP-6.38%
EPS Next 2Y48.36%
EPS Next 3Y32.37%
AJX Yearly Income VS Free CF VS DividendAJX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M -40M

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GREAT AJAX CORP

NYSE:AJX (12/2/2024, 8:22:49 PM)

After market: 3.02 0 (0%)

3.02

-0.02 (-0.66%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)10-21 2024-10-21/bmo
Earnings (Next)N/A N/A
Inst Owners63.77%
Inst Owner Change-5.96%
Ins Owners9.31%
Ins Owner Change0%
Market Cap137.17M
Revenue(TTM)-43183000
Net Income(TTM)-191713000
Analysts76.67
Price Target6.12 (102.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.95%
Yearly Dividend0.81
Dividend Growth(5Y)-7.19%
DP-6.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-25.65%
Min EPS beat(2)-104.41%
Max EPS beat(2)53.1%
EPS beat(4)1
Avg EPS beat(4)-3149.34%
Min EPS beat(4)-12030.7%
Max EPS beat(4)53.1%
EPS beat(8)1
Avg EPS beat(8)-3731.48%
EPS beat(12)1
Avg EPS beat(12)-2566.26%
EPS beat(16)4
Avg EPS beat(16)-1917.66%
Revenue beat(2)0
Avg Revenue beat(2)-168.11%
Min Revenue beat(2)-277.98%
Max Revenue beat(2)-58.24%
Revenue beat(4)1
Avg Revenue beat(4)214.48%
Min Revenue beat(4)-277.98%
Max Revenue beat(4)1419.88%
Revenue beat(8)2
Avg Revenue beat(8)72.31%
Revenue beat(12)4
Avg Revenue beat(12)52.77%
Revenue beat(16)8
Avg Revenue beat(16)47.78%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-587.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-69.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-30.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)132.17%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 7.67
P/S N/A
P/FCF N/A
P/OCF N/A
P/B 0.56
P/tB 0.56
EV/EBITDA N/A
EPS(TTM)-3.77
EYN/A
EPS(NY)0.39
Fwd EY13.04%
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)-0.22
OCFYN/A
SpS-0.95
BVpS5.42
TBVpS5.42
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -22.34%
ROE -77.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-1.21%
ROA(5y)-0.02%
ROE(3y)-5.81%
ROE(5y)-0.64%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover-0.05
Health
Industry RankSector Rank
Debt/Equity 2.46
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.35
Quick Ratio 0.35
Altman-Z -1.12
F-Score4
WACC3.88%
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)-169.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%28%
EPS Next Y-85.51%
EPS Next 2Y48.36%
EPS Next 3Y32.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-178.16%
Revenue growth 3Y-20.63%
Revenue growth 5Y-14.92%
Sales Q2Q%164.29%
Revenue Next Year182.82%
Revenue Next 2Y54.78%
Revenue Next 3Y45.88%
Revenue Next 5YN/A
EBIT growth 1Y-668.55%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1378.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1331.34%
OCF growth 3YN/A
OCF growth 5YN/A

GREAT AJAX CORP / AJX FAQ

Can you provide the ChartMill fundamental rating for GREAT AJAX CORP?

ChartMill assigns a fundamental rating of 2 / 10 to AJX.


Can you provide the valuation status for GREAT AJAX CORP?

ChartMill assigns a valuation rating of 3 / 10 to GREAT AJAX CORP (AJX). This can be considered as Overvalued.


Can you provide the profitability details for GREAT AJAX CORP?

GREAT AJAX CORP (AJX) has a profitability rating of 0 / 10.


Can you provide the expected EPS growth for AJX stock?

The Earnings per Share (EPS) of GREAT AJAX CORP (AJX) is expected to decline by -85.51% in the next year.