GREAT AJAX CORP - AJX 7 1/4 04/30/24 (AJXA)

US38983D4097

24.88  +0.05 (+0.2%)

Fundamental Rating

2

Taking everything into account, AJXA scores 2 out of 10 in our fundamental rating. AJXA was compared to 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of AJXA have multiple concerns. AJXA is quite expensive at the moment. It does show a decent growth rate.



0

1. Profitability

1.1 Basic Checks

In the past year AJXA has reported negative net income.
AJXA had a negative operating cash flow in the past year.
In multiple years AJXA reported negative net income over the last 5 years.
In the past 5 years AJXA reported 4 times negative operating cash flow.

1.2 Ratios

The Return On Assets of AJXA (-3.65%) is worse than 98.44% of its industry peers.
With a Return On Equity value of -15.77%, AJXA is not doing good in the industry: 95.31% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -3.65%
ROE -15.77%
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

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for AJXA so they could not be analyzed.
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

2

2. Health

2.1 Basic Checks

AJXA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AJXA has more shares outstanding
The number of shares outstanding for AJXA has been increased compared to 5 years ago.
Compared to 1 year ago, AJXA has an improved debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 0.01, we must say that AJXA is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.01, AJXA is in line with its industry, outperforming 56.25% of the companies in the same industry.
A Debt/Equity ratio of 3.23 is on the high side and indicates that AJXA has dependencies on debt financing.
The Debt to Equity ratio of AJXA (3.23) is better than 64.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.23
Debt/FCF N/A
Altman-Z 0.01
ROIC/WACCN/A
WACC5.38%

2.3 Liquidity

AJXA has a Current Ratio of 0.23. This is a bad value and indicates that AJXA is not financially healthy enough and could expect problems in meeting its short term obligations.
AJXA has a Current ratio of 0.23. This is comparable to the rest of the industry: AJXA outperforms 50.00% of its industry peers.
A Quick Ratio of 0.23 indicates that AJXA may have some problems paying its short term obligations.
The Quick ratio of AJXA (0.23) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.23
Quick Ratio 0.23

4

3. Growth

3.1 Past

The earnings per share for AJXA have decreased strongly by -96.00% in the last year.
AJXA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -28.57%.
The Revenue for AJXA have been decreasing by -14.92% on average. This is quite bad
EPS 1Y (TTM)-96%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-186.67%
Revenue 1Y (TTM)-28.57%
Revenue growth 3Y-20.63%
Revenue growth 5Y-14.92%
Revenue growth Q2Q-34.3%

3.2 Future

AJXA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 45.02% yearly.
AJXA is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 28.55% yearly.
EPS Next Y105.67%
EPS Next 2Y45.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year51.63%
Revenue Next 2Y28.55%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

1

4. Valuation

4.1 Price/Earnings Ratio

AJXA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 223.94 indicates a quite expensive valuation of AJXA.
Based on the Price/Forward Earnings ratio, AJXA is valued expensively inside the industry as 92.19% of the companies are valued cheaper.
When comparing the Price/Forward Earnings ratio of AJXA to the average of the S&P500 Index (22.74), we can say AJXA is valued expensively.
Industry RankSector Rank
PE N/A
Fwd PE 223.94

4.2 Price Multiples

Industry RankSector 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 AJXA does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as AJXA's earnings are expected to grow with 45.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y45.02%
EPS Next 3YN/A

3

5. Dividend

5.1 Amount

AJXA has a Yearly Dividend Yield of 10.70%, which is a nice return.
AJXA's Dividend Yield is slightly below the industry average, which is at 11.86.
AJXA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 10.7%

5.2 History

The dividend of AJXA decreases each year by -7.19%.
AJXA has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-7.19%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

The earnings of AJXA are negative and hence is the payout ratio. AJXA will probably not be able to sustain this dividend level.
DP-42.25%
EPS Next 2Y45.02%
EPS Next 3YN/A

GREAT AJAX CORP - AJX 7 1/4 04/30/24

NYSE:AJXA (3/28/2024, 10:28:58 AM)

24.88

+0.05 (+0.2%)

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 Cap683.20M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 10.7%
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 223.94
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)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.65%
ROE -15.77%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM N/A
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 Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 3.23
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.23
Quick Ratio 0.23
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)-96%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y105.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-28.57%
Revenue growth 3Y-20.63%
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