INVESCO MORTGAGE CAPITAL (IVR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IVR - US46131B7047 - REIT
8.41 USD
+0.07 (+0.84%)
8.4 USD
-0.01 (-0.12%)
We assign a fundamental rating of 4 out of 10 to IVR. IVR was compared to 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. There are concerns on the financial health of IVR while its profitability can be described as average. IVR has a valuation in line with the averages, 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.
In the past 5 years IVR reported 4 times negative net income.
Each year in the past 5 years IVR had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 0.58%, IVR is doing good in the industry, outperforming 61.76% of the companies in the same industry.
With a Return On Equity value of 4.48%, IVR perfoms like the industry average, outperforming 57.35% of the companies in the same industry.
With a decent Return On Invested Capital value of 0.65%, IVR is doing good in the industry, outperforming 66.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IVR is in line with the industry average of 1.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.58% | ||
| ROE | 4.48% | ||
| ROIC | 0.65% |
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
With a decent Profit Margin value of 11.74%, IVR is doing good in the industry, outperforming 64.71% of the companies in the same industry.
IVR's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 16.72%, IVR is doing good in the industry, outperforming 64.71% of the companies in the same industry.
IVR's Operating Margin has declined in the last couple of years.
IVR's Gross Margin of 19.14% is on the low side compared to the rest of the industry. IVR is outperformed by 66.18% of its industry peers.
In the last couple of years the Gross Margin of IVR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.72% | ||
| PM (TTM) | 11.74% | ||
| GM | 19.14% |
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
Compared to 1 year ago, IVR has more shares outstanding
IVR has more shares outstanding than it did 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 -1.73, we must say that IVR is in the distress zone and has some risk of bankruptcy.
IVR has a Altman-Z score of -1.73. This is amonst the worse of the industry: IVR underperforms 98.53% of its industry peers.
The Debt to FCF ratio of IVR is 32.36, which is on the high side as it means it would take IVR, 32.36 years of fcf income to pay off all of its debts.
IVR has a better Debt to FCF ratio (32.36) than 83.82% of its industry peers.
A Debt/Equity ratio of 6.69 is on the high side and indicates that IVR has dependencies on debt financing.
With a Debt to Equity ratio value of 6.69, IVR perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.69 | ||
| Debt/FCF | 32.36 | ||
| Altman-Z | -1.73 |
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.
The Current ratio of IVR (0.02) is worse than 98.53% 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's Quick ratio of 0.02 is on the low side compared to the rest of the industry. IVR is outperformed by 98.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 |
3. Growth
3.1 Past
The earnings per share for IVR have decreased strongly by -30.45% in the last year.
Measured over the past years, IVR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -29.23% on average per year.
Looking at the last year, IVR shows a small growth in Revenue. The Revenue has grown by 7.34% in the last year.
Measured over the past years, IVR shows a very negative growth in Revenue. The Revenue has been decreasing by -18.12% on average per year.
EPS 1Y (TTM)-30.45%
EPS 3Y-10.6%
EPS 5Y-29.23%
EPS Q2Q%-14.71%
Revenue 1Y (TTM)7.34%
Revenue growth 3Y14.44%
Revenue growth 5Y-18.12%
Sales Q2Q%-34.69%
3.2 Future
Based on estimates for the next years, IVR will show a decrease in Earnings Per Share. The EPS will decrease by -9.15% on average per year.
Based on estimates for the next years, IVR will show a small growth in Revenue. The Revenue will grow by 0.25% on average per year.
EPS Next Y-16.58%
EPS Next 2Y-12.92%
EPS Next 3Y-9.15%
EPS Next 5YN/A
Revenue Next Year1.27%
Revenue Next 2Y1.3%
Revenue Next 3Y0.25%
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
The Price/Earnings ratio is 3.61, which indicates a rather cheap valuation of IVR.
98.53% of the companies in the same industry are more expensive than IVR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.51. IVR is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 3.78, which indicates a rather cheap valuation of IVR.
Based on the Price/Forward Earnings ratio, IVR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
IVR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.61 | ||
| Fwd PE | 3.78 |
4.2 Price Multiples
IVR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IVR is cheaper than 97.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.75 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as IVR's earnings are expected to decrease with -9.15% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.92%
EPS Next 3Y-9.15%
5. Dividend
5.1 Amount
IVR has a Yearly Dividend Yield of 7.56%, which is a nice return.
Compared to an average industry Dividend Yield of 10.99, IVR's dividend is way lower than its industry peers. On top of this 95.59% of the companies listed in the same industry pay a better dividend than IVR!
IVR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.56% |
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 317.17% of its income as dividend. This is not a sustainable payout ratio.
IVR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP317.17%
EPS Next 2Y-12.92%
EPS Next 3Y-9.15%
8.41
+0.07 (+0.84%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners50.42%
Inst Owner Change15.54%
Ins Owners0.24%
Ins Owner Change-0.38%
Market Cap596.69M
Revenue(TTM)293.50M
Net Income(TTM)34.46M
Analysts48.33
Price Target8.16 (-2.97%)
Short Float %9.72%
Short Ratio4.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.56% |
Yearly Dividend1.91
Dividend Growth(5Y)-36.18%
DP317.17%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.41%
Min EPS beat(2)-0.99%
Max EPS beat(2)0.16%
EPS beat(4)2
Avg EPS beat(4)-4.19%
Min EPS beat(4)-26.44%
Max EPS beat(4)10.52%
EPS beat(8)2
Avg EPS beat(8)-11.24%
EPS beat(12)6
Avg EPS beat(12)7.94%
EPS beat(16)10
Avg EPS beat(16)14.9%
Revenue beat(2)1
Avg Revenue beat(2)-1.7%
Min Revenue beat(2)-7.24%
Max Revenue beat(2)3.83%
Revenue beat(4)1
Avg Revenue beat(4)-2.94%
Min Revenue beat(4)-7.24%
Max Revenue beat(4)3.83%
Revenue beat(8)4
Avg Revenue beat(8)11.93%
Revenue beat(12)5
Avg Revenue beat(12)9.31%
Revenue beat(16)9
Avg Revenue beat(16)8.95%
PT rev (1m)8.47%
PT rev (3m)1.05%
EPS NQ rev (1m)-10%
EPS NQ rev (3m)-3.79%
EPS NY rev (1m)-0.58%
EPS NY rev (3m)1.75%
Revenue NQ rev (1m)1.81%
Revenue NQ rev (3m)2.86%
Revenue NY rev (1m)1.9%
Revenue NY rev (3m)-1.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.61 | ||
| Fwd PE | 3.78 | ||
| P/S | 2.03 | ||
| P/FCF | 3.75 | ||
| P/OCF | 3.75 | ||
| P/B | 0.78 | ||
| P/tB | 0.78 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.33
EY27.71%
EPS(NY)2.22
Fwd EY26.42%
FCF(TTM)2.24
FCFY26.67%
OCF(TTM)2.24
OCFY26.67%
SpS4.14
BVpS10.85
TBVpS10.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number23.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.58% | ||
| ROE | 4.48% | ||
| ROCE | 6.37% | ||
| ROIC | 0.65% | ||
| ROICexc | 0.66% | ||
| ROICexgc | 0.66% | ||
| OM | 16.72% | ||
| PM (TTM) | 11.74% | ||
| GM | 19.14% | ||
| FCFM | 54.22% |
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-Score8
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.69 | ||
| Debt/FCF | 32.36 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.22 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 461.81% | ||
| Current Ratio | 0.02 | ||
| Quick Ratio | 0.02 | ||
| Altman-Z | -1.73 |
F-Score8
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)-30.45%
EPS 3Y-10.6%
EPS 5Y-29.23%
EPS Q2Q%-14.71%
EPS Next Y-16.58%
EPS Next 2Y-12.92%
EPS Next 3Y-9.15%
EPS Next 5YN/A
Revenue 1Y (TTM)7.34%
Revenue growth 3Y14.44%
Revenue growth 5Y-18.12%
Sales Q2Q%-34.69%
Revenue Next Year1.27%
Revenue Next 2Y1.3%
Revenue Next 3Y0.25%
Revenue Next 5YN/A
EBIT growth 1Y293.73%
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-42.22%
FCF growth 3Y6.34%
FCF growth 5Y-11.81%
OCF growth 1Y-42.22%
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 4 / 10 to IVR.
Can you provide the valuation status for INVESCO MORTGAGE CAPITAL?
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 are the PE and PB ratios of INVESCO MORTGAGE CAPITAL (IVR) stock?
The Price/Earnings (PE) ratio for INVESCO MORTGAGE CAPITAL (IVR) is 3.61 and the Price/Book (PB) ratio is 0.78.
What is the earnings growth outlook for INVESCO MORTGAGE CAPITAL?
The Earnings per Share (EPS) of INVESCO MORTGAGE CAPITAL (IVR) is expected to decline by -16.58% in the next year.