GRANITE POINT MORTGAGE TRUST (GPMT)
US38741L1070 - REIT
GPMT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. GPMT has a bad profitability rating. Also its financial health evaluation is rather negative. GPMT is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year GPMT has reported negative net income.
In the past year GPMT had a positive cash flow from operations.
In multiple years GPMT reported negative net income over the last 5 years.
In the past 5 years GPMT always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.73%, GPMT is doing worse than 92.19% of the companies in the same industry.
Looking at the Return On Equity, with a value of -9.04%, GPMT is doing worse than 90.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.73% | ||
| ROE | -9.04% | ||
| ROIC | N/A |
ROA(3y)-0.88%
ROA(5y)-0.4%
ROE(3y)-2.66%
ROE(5y)-1.09%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
GPMT's Gross Margin of 31.80% is in line compared to the rest of the industry. GPMT outperforms 53.13% of its industry peers.
GPMT's Gross Margin has declined in the last couple of years.
GPMT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 31.8% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.85%
GM growth 5Y-6.23%
2. Health
2.1 Basic Checks
GPMT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for GPMT has been reduced compared to 1 year ago.
GPMT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for GPMT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.38, we must say that GPMT is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.38, GPMT is doing worse than 71.88% of the companies in the same industry.
GPMT has a debt to FCF ratio of 37.45. This is a negative value and a sign of low solvency as GPMT would need 37.45 years to pay back of all of its debts.
The Debt to FCF ratio of GPMT (37.45) is better than 60.94% of its industry peers.
A Debt/Equity ratio of 2.27 is on the high side and indicates that GPMT has dependencies on debt financing.
With a decent Debt to Equity ratio value of 2.27, GPMT is doing good in the industry, outperforming 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.27 | ||
| Debt/FCF | 37.45 | ||
| Altman-Z | -0.38 |
ROIC/WACCN/A
WACC7.48%
2.3 Liquidity
GPMT has a Current Ratio of 0.22. This is a bad value and indicates that GPMT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of GPMT (0.22) is comparable to the rest of the industry.
GPMT has a Quick Ratio of 0.22. This is a bad value and indicates that GPMT is not financially healthy enough and could expect problems in meeting its short term obligations.
GPMT has a Quick ratio (0.22) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.22 |
3. Growth
3.1 Past
The earnings per share for GPMT have decreased strongly by -221.43% in the last year.
GPMT shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.83%.
Measured over the past years, GPMT shows a small growth in Revenue. The Revenue has been growing by 7.54% on average per year.
EPS 1Y (TTM)-221.43%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-225%
Revenue 1Y (TTM)26.83%
Revenue growth 3Y6.29%
Revenue growth 5Y7.54%
Revenue growth Q2Q4.92%
3.2 Future
Based on estimates for the next years, GPMT will show a very strong growth in Earnings Per Share. The EPS will grow by 54.39% on average per year.
Based on estimates for the next years, GPMT will show a decrease in Revenue. The Revenue will decrease by -5.30% on average per year.
EPS Next Y-74.75%
EPS Next 2Y65.83%
EPS Next 3Y54.39%
EPS Next 5YN/A
Revenue Next Year-23.46%
Revenue Next 2Y-5.98%
Revenue Next 3Y-5.3%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for GPMT. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for GPMT. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, GPMT is valued cheaper than 90.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.33 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A more expensive valuation may be justified as GPMT's earnings are expected to grow with 54.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y65.83%
EPS Next 3Y54.39%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 17.32%, GPMT is a good candidate for dividend investing.
In the last 3 months the price of GPMT has falen by -26.47%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
GPMT's Dividend Yield is rather good when compared to the industry average which is at 13.17. GPMT pays more dividend than 96.88% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, GPMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.32% |
5.2 History
The dividend of GPMT decreases each year by -6.78%.
GPMT has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-6.78%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GPMT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-73.86%
EPS Next 2Y65.83%
EPS Next 3Y54.39%
GRANITE POINT MORTGAGE TRUST
NYSE:GPMT (4/29/2024, 10:48:20 AM)
4.4399
+0.05 (+1.14%)
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 Cap225.50M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.32% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| 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 | -2.73% | ||
| ROE | -9.04% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 31.8% | ||
| 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 Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.27 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.22 | ||
| 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)-221.43%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-74.75%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)26.83%
Revenue growth 3Y6.29%
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