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

NYSE:AJXA - New York Stock Exchange, Inc. - US38983D4097 - Currency: USD

25.07  +0.04 (+0.16%)

Fundamental Rating

2

Overall AJXA gets a fundamental rating of 2 out of 10. We evaluated AJXA against 66 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. AJXA may be in some trouble as it scores bad on both profitability and health. AJXA 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 AJXA has reported negative net income.
In the past year AJXA has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: AJXA reported negative net income in multiple years.
AJXA had negative operating cash flow in 4 of the past 5 years.
AJXA Yearly Net Income VS EBIT VS OCF VS FCFAJXA 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

With a Return On Assets value of -3.65%, AJXA is not doing good in the industry: 98.46% of the companies in the same industry are doing better.
With a Return On Equity value of -15.77%, AJXA is not doing good in the industry: 96.92% 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
AJXA Yearly ROA, ROE, ROICAJXA 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

AJXA 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
AJXA Yearly Profit, Operating, Gross MarginsAJXA 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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2

2. Health

2.1 Basic Checks

AJXA does not have a ROIC to compare to the WACC, probably because it is not profitable.
AJXA has more shares outstanding than it did 1 year ago.
AJXA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AJXA has an improved debt to assets ratio.
AJXA Yearly Shares OutstandingAJXA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
AJXA Yearly Total Debt VS Total AssetsAJXA 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 0.15, we must say that AJXA is in the distress zone and has some risk of bankruptcy.
AJXA has a better Altman-Z score (0.15) than 64.62% of its industry peers.
A Debt/Equity ratio of 3.23 is on the high side and indicates that AJXA has dependencies on debt financing.
With a decent Debt to Equity ratio value of 3.23, AJXA is doing good in the industry, outperforming 66.15% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.23
Debt/FCF N/A
Altman-Z 0.15
ROIC/WACCN/A
WACC5.56%
AJXA Yearly LT Debt VS Equity VS FCFAJXA 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

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 (0.23) which is in line with its industry peers.
AJXA has a Quick 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 Quick ratio (0.23) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.23
Quick Ratio 0.23
AJXA Yearly Current Assets VS Current LiabilitesAJXA 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 AJXA have decreased strongly by -96.00% in the last year.
The Revenue for AJXA has decreased by -28.57% in the past year. This is quite bad
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 Q2Q%-186.67%
Revenue 1Y (TTM)-28.57%
Revenue growth 3Y-20.63%
Revenue growth 5Y-14.92%
Sales Q2Q%-34.3%

3.2 Future

The Earnings Per Share is expected to grow by 49.40% on average over the next years. This is a very strong growth
AJXA is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 47.35% yearly.
EPS Next Y112.63%
EPS Next 2Y49.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.82%
Revenue Next 2Y47.35%
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.
AJXA Yearly Revenue VS EstimatesAJXA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
AJXA Yearly EPS VS EstimatesAJXA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for AJXA. In the last year negative earnings were reported.
AJXA is valuated quite expensively with a Price/Forward Earnings ratio of 101.31.
AJXA's Price/Forward Earnings ratio is rather expensive when compared to the industry. AJXA is more expensive than 96.92% of the companies in the same industry.
AJXA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 36.52.
Industry RankSector Rank
PE N/A
Fwd PE 101.31
AJXA Price Earnings VS Forward Price EarningsAJXA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80 100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
AJXA Per share dataAJXA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

AJXA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AJXA's earnings are expected to grow with 49.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.4%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

AJXA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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

NYSE:AJXA (4/29/2024, 8:04:00 PM)

25.07

+0.04 (+0.16%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)05-02 2024-05-02/amc
Earnings (Next)08-01 2024-08-01/amc
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap927.34M
Analysts76.67
Price Target53.56 (113.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP-42.25%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-720.22%
Min EPS beat(2)-925.08%
Max EPS beat(2)-515.36%
EPS beat(4)0
Avg EPS beat(4)-4361.43%
Min EPS beat(4)-15263.7%
Max EPS beat(4)-515.36%
EPS beat(8)0
Avg EPS beat(8)-2337.13%
EPS beat(12)2
Avg EPS beat(12)-1556.58%
EPS beat(16)4
Avg EPS beat(16)-1167.69%
Revenue beat(2)2
Avg Revenue beat(2)78.86%
Min Revenue beat(2)48.2%
Max Revenue beat(2)109.52%
Revenue beat(4)4
Avg Revenue beat(4)80.95%
Min Revenue beat(4)42.57%
Max Revenue beat(4)123.52%
Revenue beat(8)6
Avg Revenue beat(8)49.71%
Revenue beat(12)10
Avg Revenue beat(12)39.4%
Revenue beat(16)14
Avg Revenue beat(16)49.29%
PT rev (1m)0.12%
PT rev (3m)18.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)122.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-52.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-19.66%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 101.31
P/S 18.45
P/FCF N/A
P/OCF N/A
P/B 3
P/tB 3
EV/EBITDA N/A
EPS(TTM)-1.96
EYN/A
EPS(NY)0.25
Fwd EY0.99%
FCF(TTM)-1.26
FCFYN/A
OCF(TTM)-1.26
OCFYN/A
SpS1.36
BVpS8.35
TBVpS8.35
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.65%
ROE -15.77%
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
ROICexcg growth 3YN/A
ROICexcg 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-Score2
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 3.23
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 0.23
Quick Ratio 0.23
Altman-Z 0.15
F-Score2
WACC5.56%
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)-96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-186.67%
EPS Next Y112.63%
EPS Next 2Y49.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-28.57%
Revenue growth 3Y-20.63%
Revenue growth 5Y-14.92%
Sales Q2Q%-34.3%
Revenue Next Year21.82%
Revenue Next 2Y47.35%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-503.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-4175.79%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-4175.79%
OCF growth 3YN/A
OCF growth 5YN/A