DYNEX CAPITAL INC (DX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DX - US26817Q8868 - REIT
14.01 USD
+0.08 (+0.57%)
14.01 USD
0 (0%)
DX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. There are concerns on the financial health of DX while its profitability can be described as average. DX is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
DX had positive earnings in the past year.
DX had a positive operating cash flow in the past year.
DX had positive earnings in 4 of the past 5 years.
In the past 5 years DX always reported a positive cash flow from operatings.
1.2 Ratios
DX has a better Return On Assets (1.24%) than 88.24% of its industry peers.
The Return On Equity of DX (8.96%) is better than 92.65% of its industry peers.
DX's Return On Invested Capital of 0.18% is on the low side compared to the rest of the industry. DX is outperformed by 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 8.96% | ||
| ROIC | 0.18% |
ROA(3y)1.61%
ROA(5y)2.5%
ROE(3y)7.47%
ROE(5y)11.89%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
DX's Profit Margin of 39.43% is amongst the best of the industry. DX outperforms 94.12% of its industry peers.
DX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 7.21%, DX is doing worse than 60.29% of the companies in the same industry.
DX's Gross Margin of 17.47% is on the low side compared to the rest of the industry. DX is outperformed by 79.41% of its industry peers.
DX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.21% | ||
| PM (TTM) | 39.43% | ||
| GM | 17.47% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-37.42%
PM growth 5YN/A
GM growth 3Y-75.33%
GM growth 5Y-47.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), DX is destroying value.
DX has more shares outstanding than it did 1 year ago.
DX has more shares outstanding than it did 5 years ago.
DX has a better debt/assets ratio than last year.
2.2 Solvency
DX has an Altman-Z score of -0.90. This is a bad value and indicates that DX is not financially healthy and even has some risk of bankruptcy.
DX's Altman-Z score of -0.90 is on the low side compared to the rest of the industry. DX is outperformed by 79.41% of its industry peers.
DX has a debt to FCF ratio of 96.76. This is a negative value and a sign of low solvency as DX would need 96.76 years to pay back of all of its debts.
The Debt to FCF ratio of DX (96.76) is better than 64.71% of its industry peers.
DX has a Debt/Equity ratio of 6.01. This is a high value indicating a heavy dependency on external financing.
DX has a Debt to Equity ratio (6.01) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.01 | ||
| Debt/FCF | 96.76 | ||
| Altman-Z | -0.9 |
ROIC/WACC0.03
WACC5.66%
2.3 Liquidity
DX has a Current Ratio of 0.05. This is a bad value and indicates that DX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.05, DX is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
A Quick Ratio of 0.05 indicates that DX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.05, DX is doing worse than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 202.63% over the past year.
DX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.72% yearly.
The Revenue has grown by 47.97% in the past year. This is a very strong growth!
DX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.32% yearly.
EPS 1Y (TTM)202.63%
EPS 3Y-18.72%
EPS 5YN/A
EPS Q2Q%350%
Revenue 1Y (TTM)47.97%
Revenue growth 3Y68.26%
Revenue growth 5Y13.32%
Sales Q2Q%3324.05%
3.2 Future
Based on estimates for the next years, DX will show a very strong growth in Earnings Per Share. The EPS will grow by 70.62% on average per year.
DX is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 159.76% yearly.
EPS Next Y348.92%
EPS Next 2Y146.89%
EPS Next 3Y70.62%
EPS Next 5YN/A
Revenue Next Year741.85%
Revenue Next 2Y343.97%
Revenue Next 3Y159.76%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.96 indicates a rather expensive valuation of DX.
Compared to the rest of the industry, the Price/Earnings ratio of DX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.31, DX is valued a bit cheaper.
A Price/Forward Earnings ratio of 8.14 indicates a reasonable valuation of DX.
66.18% of the companies in the same industry are more expensive than DX, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.59, DX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 8.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DX indicates a rather cheap valuation: DX is cheaper than 89.71% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DX indicates a somewhat cheap valuation: DX is cheaper than 60.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.91 | ||
| EV/EBITDA | 46.03 |
4.3 Compensation for Growth
DX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as DX's earnings are expected to grow with 70.62% in the coming years.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y146.89%
EPS Next 3Y70.62%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 15.22%, DX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 12.91, DX pays a better dividend. On top of this DX pays more dividend than 82.35% of the companies listed in the same industry.
DX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.22% |
5.2 History
The dividend of DX decreases each year by -11.72%.
DX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-11.72%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
115.43% of the earnings are spent on dividend by DX. This is not a sustainable payout ratio.
DP115.43%
EPS Next 2Y146.89%
EPS Next 3Y70.62%
14.01
+0.08 (+0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners44.88%
Inst Owner Change-13.59%
Ins Owners0.87%
Ins Owner Change1.97%
Market Cap2.06B
Revenue(TTM)444.98M
Net Income(TTM)175.44M
Analysts82.86
Price Target14.54 (3.78%)
Short Float %6.49%
Short Ratio1.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.22% |
Yearly Dividend1.67
Dividend Growth(5Y)-11.72%
DP115.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.74%
Min EPS beat(2)-31.42%
Max EPS beat(2)-22.06%
EPS beat(4)1
Avg EPS beat(4)-5.99%
Min EPS beat(4)-31.42%
Max EPS beat(4)42.78%
EPS beat(8)2
Avg EPS beat(8)-60.82%
EPS beat(12)2
Avg EPS beat(12)-165.76%
EPS beat(16)2
Avg EPS beat(16)-127.07%
Revenue beat(2)0
Avg Revenue beat(2)-1.86%
Min Revenue beat(2)-2.1%
Max Revenue beat(2)-1.62%
Revenue beat(4)0
Avg Revenue beat(4)-20%
Min Revenue beat(4)-51.61%
Max Revenue beat(4)-1.62%
Revenue beat(8)2
Avg Revenue beat(8)-94.47%
Revenue beat(12)4
Avg Revenue beat(12)-52.53%
Revenue beat(16)5
Avg Revenue beat(16)-38.93%
PT rev (1m)2.39%
PT rev (3m)3.01%
EPS NQ rev (1m)3.07%
EPS NQ rev (3m)2.64%
EPS NY rev (1m)-7.73%
EPS NY rev (3m)-13.88%
Revenue NQ rev (1m)50.58%
Revenue NQ rev (3m)71.34%
Revenue NY rev (1m)-0.81%
Revenue NY rev (3m)11.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.96 | ||
| Fwd PE | 8.14 | ||
| P/S | 4.62 | ||
| P/FCF | 16.91 | ||
| P/OCF | 16.91 | ||
| P/B | 1.05 | ||
| P/tB | 1.05 | ||
| EV/EBITDA | 46.03 |
EPS(TTM)0.78
EY5.57%
EPS(NY)1.72
Fwd EY12.28%
FCF(TTM)0.83
FCFY5.91%
OCF(TTM)0.83
OCFY5.91%
SpS3.03
BVpS13.33
TBVpS13.33
PEG (NY)0.05
PEG (5Y)N/A
Graham Number15.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 8.96% | ||
| ROCE | 1.61% | ||
| ROIC | 0.18% | ||
| ROICexc | 0.19% | ||
| ROICexgc | 0.19% | ||
| OM | 7.21% | ||
| PM (TTM) | 39.43% | ||
| GM | 17.47% | ||
| FCFM | 27.34% |
ROA(3y)1.61%
ROA(5y)2.5%
ROE(3y)7.47%
ROE(5y)11.89%
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 3Y-37.42%
PM growth 5YN/A
GM growth 3Y-75.33%
GM growth 5Y-47.03%
F-Score4
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.01 | ||
| Debt/FCF | 96.76 | ||
| Debt/EBITDA | 344.52 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | 356.05% | ||
| Profit Quality | 69.35% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | -0.9 |
F-Score4
WACC5.66%
ROIC/WACC0.03
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)202.63%
EPS 3Y-18.72%
EPS 5YN/A
EPS Q2Q%350%
EPS Next Y348.92%
EPS Next 2Y146.89%
EPS Next 3Y70.62%
EPS Next 5YN/A
Revenue 1Y (TTM)47.97%
Revenue growth 3Y68.26%
Revenue growth 5Y13.32%
Sales Q2Q%3324.05%
Revenue Next Year741.85%
Revenue Next 2Y343.97%
Revenue Next 3Y159.76%
Revenue Next 5YN/A
EBIT growth 1Y178.59%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y60.71%
FCF growth 3Y-53.91%
FCF growth 5Y-39.34%
OCF growth 1Y60.71%
OCF growth 3Y-53.91%
OCF growth 5Y-39.34%
DYNEX CAPITAL INC / DX FAQ
What is the ChartMill fundamental rating of DYNEX CAPITAL INC (DX) stock?
ChartMill assigns a fundamental rating of 5 / 10 to DX.
What is the valuation status of DYNEX CAPITAL INC (DX) stock?
ChartMill assigns a valuation rating of 6 / 10 to DYNEX CAPITAL INC (DX). This can be considered as Fairly Valued.
What is the profitability of DX stock?
DYNEX CAPITAL INC (DX) has a profitability rating of 4 / 10.
How financially healthy is DYNEX CAPITAL INC?
The financial health rating of DYNEX CAPITAL INC (DX) is 2 / 10.
Can you provide the dividend sustainability for DX stock?
The dividend rating of DYNEX CAPITAL INC (DX) is 5 / 10 and the dividend payout ratio is 115.43%.