INVESCO MORTGAGE CAPITAL (IVR)
US46131B7047 - REIT
Taking everything into account, IVR scores 3 out of 10 in our fundamental rating. IVR was compared to 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of IVR have multiple concerns. IVR is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
IVR had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of -0.71%, IVR is doing worse than 76.92% of the companies in the same industry.
With a Return On Equity value of -4.80%, IVR is not doing good in the industry: 76.92% of the companies in the same industry are doing better.
IVR has a Return On Invested Capital (0.45%) which is in line with its industry peers.
IVR had an Average Return On Invested Capital over the past 3 years of 1.24%. This is in line with the industry average of 1.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.71% | ||
| ROE | -4.8% | ||
| ROIC | 0.45% |
ROA(3y)-3.49%
ROA(5y)-5.79%
ROE(3y)-22.04%
ROE(5y)-36.19%
ROIC(3y)1.24%
ROIC(5y)1.23%
1.3 Margins
The Operating Margin of IVR (10.41%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of IVR has declined.
IVR's Gross Margin of 12.97% is on the low side compared to the rest of the industry. IVR is outperformed by 75.38% of its industry peers.
IVR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.41% | ||
| PM (TTM) | N/A | ||
| GM | 12.97% |
OM growth 3Y-41.8%
OM growth 5Y-23.57%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-38.37%
GM growth 5Y-20.54%
2. Health
2.1 Basic Checks
The number of shares outstanding for IVR has been increased compared to 1 year ago.
The number of shares outstanding for IVR has been increased compared to 5 years ago.
The debt/assets ratio for IVR is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -1.80, we must say that IVR is in the distress zone and has some risk of bankruptcy.
IVR's Altman-Z score of -1.80 is on the low side compared to the rest of the industry. IVR is outperformed by 98.46% of its industry peers.
IVR has a debt to FCF ratio of 18.75. This is a negative value and a sign of low solvency as IVR would need 18.75 years to pay back of all of its debts.
The Debt to FCF ratio of IVR (18.75) is better than 78.46% of its industry peers.
IVR has a Debt/Equity ratio of 5.70. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of IVR (5.70) is worse than 72.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.7 | ||
| Debt/FCF | 18.75 | ||
| Altman-Z | -1.8 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
IVR has a Current 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.
Looking at the Current ratio, with a value of 0.02, IVR is doing worse than 89.23% of the companies in the same industry.
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.
The Quick ratio of IVR (0.02) is worse than 89.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 |
3. Growth
3.1 Past
IVR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.73%.
Measured over the past years, IVR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.31% on average per year.
The Revenue has grown by 34.54% in the past year. This is a very strong growth!
The Revenue for IVR have been decreasing by -14.82% on average. This is quite bad
EPS 1Y (TTM)-0.73%
EPS 3YN/A
EPS 5Y-18.31%
EPS growth Q2Q-34.93%
Revenue 1Y (TTM)34.54%
Revenue growth 3Y-1.75%
Revenue growth 5Y-14.82%
Revenue growth Q2Q0.13%
3.2 Future
IVR is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.45% yearly.
The Revenue is expected to decrease by -4.68% on average over the next years.
EPS Next Y-7.46%
EPS Next 2Y-12.46%
EPS Next 3Y-8.45%
EPS Next 5YN/A
Revenue Next Year-15.43%
Revenue Next 2Y-9.07%
Revenue Next 3Y-4.68%
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.
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
A Price/Earnings ratio of 1.68 indicates a rather cheap valuation of IVR.
100.00% of the companies in the same industry are more expensive than IVR, based on the Price/Earnings ratio.
IVR is valuated cheaply when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
IVR is valuated cheaply with a Price/Forward Earnings ratio of 1.82.
100.00% of the companies in the same industry are more expensive than IVR, based on the Price/Forward Earnings ratio.
IVR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.68 | ||
| Fwd PE | 1.82 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, IVR is valued cheaper than 95.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.86 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as IVR's earnings are expected to decrease with -8.45% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.46%
EPS Next 3Y-8.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 17.74%, IVR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 13.07, IVR pays a better dividend. On top of this IVR pays more dividend than 100.00% of the companies listed in the same industry.
IVR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.74% |
5.2 History
The dividend of IVR decreases each year by -33.55%.
IVR has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-33.55%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of IVR are negative and hence is the payout ratio. IVR will probably not be able to sustain this dividend level.
IVR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-272.19%
EPS Next 2Y-12.46%
EPS Next 3Y-8.45%
INVESCO MORTGAGE CAPITAL
NYSE:IVR (5/3/2024, 7:04:00 PM)
After market: 9.09 -0.02 (-0.22%)9.11
+0.09 (+1%)
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 Cap443.38M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.74% |
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 | 1.68 | ||
| Fwd PE | 1.82 | ||
| 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 | -0.71% | ||
| ROE | -4.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.41% | ||
| PM (TTM) | N/A | ||
| GM | 12.97% | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.7 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 | ||
| 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)-0.73%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-7.46%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)34.54%
Revenue growth 3Y-1.75%
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