ANGEL OAK MORTGAGE REIT INC (AOMR)
US03464Y1082 - REIT
We assign a fundamental rating of 5 out of 10 to AOMR. AOMR was compared to 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. There are concerns on the financial health of AOMR while its profitability can be described as average. AOMR has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AOMR has reported negative net income.
AOMR had a positive operating cash flow in the past year.
Of the past 5 years AOMR 4 years were profitable.
In multiple years AOMR reported negative operating cash flow during the last 5 years.
1.2 Ratios
AOMR has a Return On Assets of 1.46%. This is in the better half of the industry: AOMR outperforms 64.62% of its industry peers.
AOMR has a Return On Equity of 13.16%. This is amongst the best in the industry. AOMR outperforms 96.92% of its industry peers.
AOMR has a Return On Invested Capital (0.38%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AOMR is in line with the industry average of 1.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.46% | ||
| ROE | 13.16% | ||
| ROIC | 0.38% |
ROA(3y)-1.37%
ROA(5y)-0.57%
ROE(3y)-20.66%
ROE(5y)-11.26%
ROIC(3y)0.74%
ROIC(5y)1.36%
1.3 Margins
Looking at the Profit Margin, with a value of 116.64%, AOMR belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of AOMR has grown nicely.
AOMR has a Operating Margin of 32.20%. This is amongst the best in the industry. AOMR outperforms 90.77% of its industry peers.
AOMR's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 91.43%, AOMR belongs to the best of the industry, outperforming 96.92% of the companies in the same industry.
AOMR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.2% | ||
| PM (TTM) | 116.64% | ||
| GM | 91.43% |
OM growth 3Y-23.18%
OM growth 5YN/A
PM growth 3Y277.94%
PM growth 5YN/A
GM growth 3Y-0.36%
GM growth 5Y-1.78%
2. Health
2.1 Basic Checks
The number of shares outstanding for AOMR has been increased compared to 1 year ago.
Compared to 5 years ago, AOMR has less shares outstanding
AOMR has a worse debt/assets ratio than last year.
2.2 Solvency
AOMR has an Altman-Z score of -0.31. This is a bad value and indicates that AOMR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AOMR (-0.31) is worse than 61.54% of its industry peers.
AOMR has a debt to FCF ratio of 5.40. This is a neutral value as AOMR would need 5.40 years to pay back of all of its debts.
AOMR has a better Debt to FCF ratio (5.40) than 95.38% of its industry peers.
A Debt/Equity ratio of 6.46 is on the high side and indicates that AOMR has dependencies on debt financing.
AOMR's Debt to Equity ratio of 6.46 is on the low side compared to the rest of the industry. AOMR is outperformed by 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.46 | ||
| Debt/FCF | 5.4 | ||
| Altman-Z | -0.31 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AOMR has a Current Ratio of 0.08. This is a bad value and indicates that AOMR is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.08, AOMR is doing worse than 72.31% of the companies in the same industry.
A Quick Ratio of 0.08 indicates that AOMR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.08, AOMR is doing worse than 72.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 54.00% over the past year.
The Earnings Per Share has been growing by 255.84% on average over the past years. This is a very strong growth
The Revenue for AOMR has decreased by -44.97% in the past year. This is quite bad
Measured over the past years, AOMR shows a very strong growth in Revenue. The Revenue has been growing by 121.67% on average per year.
EPS 1Y (TTM)54%
EPS 3Y255.84%
EPS 5YN/A
EPS growth Q2Q89.6%
Revenue 1Y (TTM)-44.97%
Revenue growth 3Y-4.63%
Revenue growth 5Y121.67%
Revenue growth Q2Q11.2%
3.2 Future
The Earnings Per Share is expected to grow by 46.08% on average over the next years. This is a very strong growth
AOMR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.38% yearly.
EPS Next Y187.81%
EPS Next 2Y77.88%
EPS Next 3Y46.08%
EPS Next 5YN/A
Revenue Next Year50.17%
Revenue Next 2Y34.45%
Revenue Next 3Y15.38%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
AOMR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 11.10, which indicates a very decent valuation of AOMR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AOMR is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.88, AOMR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AOMR indicates a rather cheap valuation: AOMR is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 0.91 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AOMR has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AOMR's earnings are expected to grow with 46.08% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y77.88%
EPS Next 3Y46.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.51%, AOMR is a good candidate for dividend investing.
AOMR's Dividend Yield is slightly below the industry average, which is at 13.12.
AOMR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.51% |
5.2 History
AOMR has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
94.72% of the earnings are spent on dividend by AOMR. This is not a sustainable payout ratio.
DP94.72%
EPS Next 2Y77.88%
EPS Next 3Y46.08%
ANGEL OAK MORTGAGE REIT INC
NYSE:AOMR (5/3/2024, 7:04:01 PM)
After market: 11.21 0 (0%)11.21
+0.09 (+0.81%)
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 Cap279.91M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.51% |
Dividend Growth(5Y)
DP
Div Incr Years
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Surprises & Revisions
EPS beat(2)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.1 | ||
| 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 Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.46% | ||
| ROE | 13.16% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 32.2% | ||
| PM (TTM) | 116.64% | ||
| GM | 91.43% | ||
| 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 Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 | ||
| 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)54%
EPS 3Y255.84%
EPS 5Y
EPS growth Q2Q
EPS Next Y187.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-44.97%
Revenue growth 3Y-4.63%
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
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EBIT Next 5Y
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