INVESCO MORTGAGE CAPITAL (IVR) Stock Fundamental Analysis
USA - NYSE:IVR - US46131B7047 - REIT
7.4 USD
+0.03 (+0.41%)
7.42 USD
+0.02 (+0.27%)
Taking everything into account, IVR scores 3 out of 10 in our fundamental rating. IVR was compared to 66 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While IVR is still in line with the averages on profitability rating, there are concerns on its financial health. IVR has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year IVR was profitable.
IVR had a positive operating cash flow in the past year.
IVR had negative earnings in 4 of the past 5 years.
IVR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of IVR (0.36%) is better than 62.12% of its industry peers.
With a Return On Equity value of 2.75%, IVR perfoms like the industry average, outperforming 57.58% of the companies in the same industry.
IVR has a better Return On Invested Capital (0.57%) than 69.70% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IVR is in line with the industry average of 1.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 2.75% | ||
| ROIC | 0.57% |
ROA(3y)-2.76%
ROA(5y)-5.95%
ROE(3y)-17.3%
ROE(5y)-37.42%
ROIC(3y)0.85%
ROIC(5y)1.09%
1.3 Margins
IVR has a Profit Margin (6.63%) which is comparable to the rest of the industry.
IVR's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 13.16%, IVR is in the better half of the industry, outperforming 68.18% of the companies in the same industry.
IVR's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 15.57%, IVR perfoms like the industry average, outperforming 43.94% of the companies in the same industry.
In the last couple of years the Gross Margin of IVR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.16% | ||
| PM (TTM) | 6.63% | ||
| GM | 15.57% |
OM growth 3Y-57.18%
OM growth 5Y-28.55%
PM growth 3YN/A
PM growth 5Y-21.64%
GM growth 3Y-52.9%
GM growth 5Y-24.03%
2. Health
2.1 Basic Checks
IVR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for IVR has been increased compared to 5 years ago.
IVR has a worse debt/assets ratio than last year.
2.2 Solvency
IVR has an Altman-Z score of -1.82. This is a bad value and indicates that IVR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of -1.82, IVR is not doing good in the industry: 98.48% of the companies in the same industry are doing better.
The Debt to FCF ratio of IVR is 30.37, which is on the high side as it means it would take IVR, 30.37 years of fcf income to pay off all of its debts.
IVR has a better Debt to FCF ratio (30.37) than 81.82% of its industry peers.
A Debt/Equity ratio of 6.54 is on the high side and indicates that IVR has dependencies on debt financing.
The Debt to Equity ratio of IVR (6.54) is worse than 65.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.54 | ||
| Debt/FCF | 30.37 | ||
| Altman-Z | -1.82 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.02 indicates that IVR may have some problems paying its short term obligations.
IVR's Current ratio of 0.02 is on the low side compared to the rest of the industry. IVR is outperformed by 87.88% of its industry peers.
IVR has a Quick Ratio of 0.02. This is a bad value and indicates that IVR is not financially healthy enough and could expect problems in meeting its short term obligations.
IVR has a Quick ratio of 0.02. This is amonst the worse of the industry: IVR underperforms 87.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 |
3. Growth
3.1 Past
IVR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.87%.
IVR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -29.23% yearly.
The Revenue has been growing slightly by 6.46% in the past year.
IVR shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -18.12% yearly.
EPS 1Y (TTM)-41.87%
EPS 3Y-10.6%
EPS 5Y-29.23%
EPS Q2Q%-32.56%
Revenue 1Y (TTM)6.46%
Revenue growth 3Y14.44%
Revenue growth 5Y-18.12%
Sales Q2Q%3.82%
3.2 Future
The Earnings Per Share is expected to decrease by -10.35% on average over the next years. This is quite bad
The Revenue is expected to grow by 0.96% on average over the next years.
EPS Next Y-18.02%
EPS Next 2Y-14.15%
EPS Next 3Y-10.35%
EPS Next 5YN/A
Revenue Next Year1.16%
Revenue Next 2Y0.96%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 3.05, the valuation of IVR can be described as very cheap.
IVR's Price/Earnings ratio is rather cheap when compared to the industry. IVR is cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.91, IVR is valued rather cheaply.
The Price/Forward Earnings ratio is 3.43, which indicates a rather cheap valuation of IVR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IVR indicates a rather cheap valuation: IVR is cheaper than 100.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.92. IVR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.05 | ||
| Fwd PE | 3.43 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, IVR is valued cheaply inside the industry as 98.48% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.21 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as IVR's earnings are expected to decrease with -10.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.15%
EPS Next 3Y-10.35%
5. Dividend
5.1 Amount
IVR has a Yearly Dividend Yield of 18.89%, which is a nice return.
IVR's Dividend Yield is rather good when compared to the industry average which is at 12.94. IVR pays more dividend than 96.97% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, IVR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.89% |
5.2 History
The dividend of IVR decreases each year by -36.18%.
IVR has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-36.18%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
IVR pays out 559.47% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of IVR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP559.47%
EPS Next 2Y-14.15%
EPS Next 3Y-10.35%
7.4
+0.03 (+0.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners47.27%
Inst Owner Change0.07%
Ins Owners0.38%
Ins Owner Change16.19%
Market Cap490.69M
Revenue(TTM)294.40M
Net Income(TTM)19.52M
Analysts52.31
Price Target8.08 (9.19%)
Short Float %10.31%
Short Ratio4.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.89% |
Yearly Dividend1.91
Dividend Growth(5Y)-36.18%
DP559.47%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.34%
Min EPS beat(2)0.16%
Max EPS beat(2)10.52%
EPS beat(4)2
Avg EPS beat(4)-7.52%
Min EPS beat(4)-26.44%
Max EPS beat(4)10.52%
EPS beat(8)3
Avg EPS beat(8)-9.53%
EPS beat(12)7
Avg EPS beat(12)11.84%
EPS beat(16)11
Avg EPS beat(16)15.05%
Revenue beat(2)0
Avg Revenue beat(2)-5.28%
Min Revenue beat(2)-7.24%
Max Revenue beat(2)-3.32%
Revenue beat(4)1
Avg Revenue beat(4)15.58%
Min Revenue beat(4)-7.24%
Max Revenue beat(4)77.92%
Revenue beat(8)3
Avg Revenue beat(8)11.26%
Revenue beat(12)5
Avg Revenue beat(12)10.29%
Revenue beat(16)9
Avg Revenue beat(16)9.42%
PT rev (1m)0%
PT rev (3m)1.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.58%
EPS NY rev (1m)0%
EPS NY rev (3m)0.85%
Revenue NQ rev (1m)-2.15%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)-1.41%
Revenue NY rev (3m)-1.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.05 | ||
| Fwd PE | 3.43 | ||
| P/S | 1.67 | ||
| P/FCF | 3.21 | ||
| P/OCF | 3.21 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.43
EY32.84%
EPS(NY)2.16
Fwd EY29.18%
FCF(TTM)2.3
FCFY31.11%
OCF(TTM)2.3
OCFY31.11%
SpS4.44
BVpS10.7
TBVpS10.7
PEG (NY)N/A
PEG (5Y)N/A
Graham Number24.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 2.75% | ||
| ROCE | 5.38% | ||
| ROIC | 0.57% | ||
| ROICexc | 0.58% | ||
| ROICexgc | 0.58% | ||
| OM | 13.16% | ||
| PM (TTM) | 6.63% | ||
| GM | 15.57% | ||
| FCFM | 51.86% |
ROA(3y)-2.76%
ROA(5y)-5.95%
ROE(3y)-17.3%
ROE(5y)-37.42%
ROIC(3y)0.85%
ROIC(5y)1.09%
ROICexc(3y)0.87%
ROICexc(5y)1.12%
ROICexgc(3y)0.87%
ROICexgc(5y)1.12%
ROCE(3y)6.95%
ROCE(5y)8.64%
ROICexgc growth 3Y-44.52%
ROICexgc growth 5Y-23.28%
ROICexc growth 3Y-44.54%
ROICexc growth 5Y-23.2%
OM growth 3Y-57.18%
OM growth 5Y-28.55%
PM growth 3YN/A
PM growth 5Y-21.64%
GM growth 3Y-52.9%
GM growth 5Y-24.03%
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.54 | ||
| Debt/FCF | 30.37 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.16 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 782.05% | ||
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 | ||
| Altman-Z | -1.82 |
F-Score6
WACCN/A
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)-41.87%
EPS 3Y-10.6%
EPS 5Y-29.23%
EPS Q2Q%-32.56%
EPS Next Y-18.02%
EPS Next 2Y-14.15%
EPS Next 3Y-10.35%
EPS Next 5YN/A
Revenue 1Y (TTM)6.46%
Revenue growth 3Y14.44%
Revenue growth 5Y-18.12%
Sales Q2Q%3.82%
Revenue Next Year1.16%
Revenue Next 2Y0.96%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y170.96%
EBIT growth 3Y-50.99%
EBIT growth 5Y-41.49%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-43.25%
FCF growth 3Y6.34%
FCF growth 5Y-11.81%
OCF growth 1Y-43.25%
OCF growth 3Y6.34%
OCF growth 5Y-11.81%
INVESCO MORTGAGE CAPITAL / IVR FAQ
What is the fundamental rating for IVR stock?
ChartMill assigns a fundamental rating of 3 / 10 to IVR.
What is the valuation status of INVESCO MORTGAGE CAPITAL (IVR) stock?
ChartMill assigns a valuation rating of 6 / 10 to INVESCO MORTGAGE CAPITAL (IVR). This can be considered as Fairly Valued.
What is the profitability of IVR stock?
INVESCO MORTGAGE CAPITAL (IVR) has a profitability rating of 4 / 10.
What is the valuation of INVESCO MORTGAGE CAPITAL based on its PE and PB ratios?
The Price/Earnings (PE) ratio for INVESCO MORTGAGE CAPITAL (IVR) is 3.05 and the Price/Book (PB) ratio is 0.69.
Can you provide the expected EPS growth for IVR stock?
The Earnings per Share (EPS) of INVESCO MORTGAGE CAPITAL (IVR) is expected to decline by -18.02% in the next year.