Broadmark Realty Capital Inc (BRMK) Fundamental Analysis & Valuation

NYSE:BRMK • US11135B1008

Current stock price

4.82 USD
-0.13 (-2.63%)
At close:
4.88 USD
+0.06 (+1.24%)
After Hours:

This BRMK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. BRMK Profitability Analysis

1.1 Basic Checks

  • In the past year BRMK was profitable.
  • In the past year BRMK had a positive cash flow from operations.
BRMK Yearly Net Income VS EBIT VS OCF VS FCFBRMK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 0 50M -50M 100M -100M

1.2 Ratios

  • BRMK has negative profitability rations, so we won't be analyzing them here.
  • The Return On Invested Capital of BRMK (2.21%) is better than 74.24% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BRMK is above the industry average of 1.30%.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC 2.21%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.91%
ROIC(5y)N/A
BRMK Yearly ROA, ROE, ROICBRMK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 0 5 -5 -10

1.3 Margins

  • With a decent Operating Margin value of 27.49%, BRMK is doing good in the industry, outperforming 65.15% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BRMK has declined.
  • BRMK does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM 27.49%
PM (TTM) N/A
GM N/A
OM growth 3Y-24.81%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BRMK Yearly Profit, Operating, Gross MarginsBRMK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. BRMK Health Analysis

2.1 Basic Checks

  • BRMK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for BRMK has been reduced compared to 1 year ago.
  • Compared to 1 year ago, BRMK has a worse debt to assets ratio.
BRMK Yearly Shares OutstandingBRMK Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 20M 40M 60M 80M 100M
BRMK Yearly Total Debt VS Total AssetsBRMK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 3.00 indicates that BRMK is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.00, BRMK belongs to the top of the industry, outperforming 98.48% of the companies in the same industry.
  • BRMK has a debt to FCF ratio of 2.62. This is a good value and a sign of high solvency as BRMK would need 2.62 years to pay back of all of its debts.
  • BRMK has a Debt to FCF ratio of 2.62. This is amongst the best in the industry. BRMK outperforms 98.48% of its industry peers.
  • BRMK has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of BRMK (0.11) is better than 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 2.62
Altman-Z 3
ROIC/WACC0.28
WACC7.82%
BRMK Yearly LT Debt VS Equity VS FCFBRMK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • BRMK has a Current Ratio of 2.37. This indicates that BRMK is financially healthy and has no problem in meeting its short term obligations.
  • BRMK has a better Current ratio (2.37) than 84.85% of its industry peers.
  • A Quick Ratio of 2.37 indicates that BRMK has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.37, BRMK belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.37
Quick Ratio 2.37
BRMK Yearly Current Assets VS Current LiabilitesBRMK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. BRMK Growth Analysis

3.1 Past

  • The earnings per share for BRMK have decreased strongly by -28.99% in the last year.
  • BRMK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.26%.
  • Measured over the past years, BRMK shows a decrease in Revenue. The Revenue has been decreasing by -5.98% on average per year.
EPS 1Y (TTM)-28.99%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
Revenue 1Y (TTM)-14.26%
Revenue growth 3Y-5.98%
Revenue growth 5YN/A
Sales Q2Q%-17.31%

3.2 Future

  • BRMK is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.78% yearly.
  • The Revenue is expected to grow by 0.14% on average over the next years.
EPS Next Y-21.93%
EPS Next 2Y-4.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-9.18%
Revenue Next 2Y0.14%
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.
BRMK Yearly Revenue VS EstimatesBRMK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 50M 100M
BRMK Yearly EPS VS EstimatesBRMK Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

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4

4. BRMK Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.84 indicates a reasonable valuation of BRMK.
  • Compared to the rest of the industry, the Price/Earnings ratio of BRMK is on the same level as its industry peers.
  • BRMK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.35.
  • BRMK is valuated reasonably with a Price/Forward Earnings ratio of 9.84.
  • 65.15% of the companies in the same industry are cheaper than BRMK, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of BRMK to the average of the S&P500 Index (22.61), we can say BRMK is valued rather cheaply.
Industry RankSector Rank
PE 9.84
Fwd PE 9.84
BRMK Price Earnings VS Forward Price EarningsBRMK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 93.94% of the companies in the same industry are more expensive than BRMK, based on the Enterprise Value to EBITDA ratio.
  • BRMK's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 17.01
EV/EBITDA 22.96
BRMK Per share dataBRMK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • A cheap valuation may be justified as BRMK's earnings are expected to decrease with -4.78% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.78%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. BRMK Dividend Analysis

5.1 Amount

  • BRMK has a Yearly Dividend Yield of 8.71%, which is a nice return.
  • Compared to an average industry Dividend Yield of 13.43, BRMK's dividend is way lower than its industry peers. On top of this 83.33% of the companies listed in the same industry pay a better dividend than BRMK!
  • BRMK's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 8.71%

5.2 History

  • BRMK has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
BRMK Yearly Dividends per shareBRMK Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 0.2 0.4 0.6 0.8

5.3 Sustainability

  • The earnings of BRMK are negative and hence is the payout ratio. BRMK will probably not be able to sustain this dividend level.
DP-71.5%
EPS Next 2Y-4.78%
EPS Next 3YN/A
BRMK Yearly Income VS Free CF VS DividendBRMK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 0 50M -50M 100M -100M

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BRMK Fundamentals: All Metrics, Ratios and Statistics

Broadmark Realty Capital Inc

NYSE:BRMK (5/30/2023, 8:25:16 PM)

After market: 4.88 +0.06 (+1.24%)

4.82

-0.13 (-2.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)05-09
Earnings (Next)08-07
Inst Owners0.19%
Inst Owner Change0%
Ins Owners1.11%
Ins Owner Change0%
Market Cap635.03M
Revenue(TTM)103.70M
Net Income(TTM)-129.91M
Analysts47.5
Price Target5.1 (5.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.71%
Yearly Dividend0.81
Dividend Growth(5Y)N/A
DP-71.5%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.22%
Min EPS beat(2)-26.47%
Max EPS beat(2)-1.96%
EPS beat(4)0
Avg EPS beat(4)-11.91%
Min EPS beat(4)-26.47%
Max EPS beat(4)-1.96%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-6.75%
Min Revenue beat(2)-11.64%
Max Revenue beat(2)-1.87%
Revenue beat(4)0
Avg Revenue beat(4)-6.52%
Min Revenue beat(4)-11.64%
Max Revenue beat(4)-1.87%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-54.55%
EPS NQ rev (1m)-12.9%
EPS NQ rev (3m)-22.41%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.12%
Revenue NQ rev (1m)-5.76%
Revenue NQ rev (3m)-10.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.76%
Valuation
Industry RankSector Rank
PE 9.84
Fwd PE 9.84
P/S 6.12
P/FCF 17.01
P/OCF 14.57
P/B 0.69
P/tB 0.69
EV/EBITDA 22.96
EPS(TTM)0.49
EY10.17%
EPS(NY)0.49
Fwd EY10.16%
FCF(TTM)0.28
FCFY5.88%
OCF(TTM)0.33
OCFY6.86%
SpS0.79
BVpS6.98
TBVpS6.98
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC 2.21%
ROICexc 2.3%
ROICexgc 2.32%
OM 27.49%
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.91%
ROIC(5y)N/A
ROICexc(3y)5.69%
ROICexc(5y)N/A
ROICexgc(3y)6.47%
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-33.36%
ROICexgc growth 5YN/A
ROICexc growth 3Y-29.91%
ROICexc growth 5YN/A
OM growth 3Y-24.81%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 2.62
Debt/EBITDA 3.24
Cap/Depr 368.81%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.37
Quick Ratio 2.37
Altman-Z 3
F-Score3
WACC7.82%
ROIC/WACC0.28
Cap/Depr(3y)418.79%
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)-28.99%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
EPS Next Y-21.93%
EPS Next 2Y-4.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.26%
Revenue growth 3Y-5.98%
Revenue growth 5YN/A
Sales Q2Q%-17.31%
Revenue Next Year-9.18%
Revenue Next 2Y0.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-67.17%
EBIT growth 3Y-29.31%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-36.79%
FCF growth 3Y-14.83%
FCF growth 5YN/A
OCF growth 1Y-26.73%
OCF growth 3Y-16.17%
OCF growth 5YN/A

Broadmark Realty Capital Inc / BRMK Fundamental Analysis FAQ

What is the fundamental rating for BRMK stock?

ChartMill assigns a fundamental rating of 4 / 10 to BRMK.


Can you provide the valuation status for Broadmark Realty Capital Inc?

ChartMill assigns a valuation rating of 4 / 10 to Broadmark Realty Capital Inc (BRMK). This can be considered as Fairly Valued.


Can you provide the profitability details for Broadmark Realty Capital Inc?

Broadmark Realty Capital Inc (BRMK) has a profitability rating of 1 / 10.


What is the valuation of Broadmark Realty Capital Inc based on its PE and PB ratios?

The Price/Earnings (PE) ratio for Broadmark Realty Capital Inc (BRMK) is 9.84 and the Price/Book (PB) ratio is 0.69.


What is the expected EPS growth for Broadmark Realty Capital Inc (BRMK) stock?

The Earnings per Share (EPS) of Broadmark Realty Capital Inc (BRMK) is expected to decline by -21.93% in the next year.