INVESCO MORTGAGE CAPITAL (IVR) Stock Fundamental Analysis
USA - NYSE:IVR - US46131B7047 - REIT
7.56 USD
+0.15 (+2.02%)
7.55 USD
-0.01 (-0.13%)
IVR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. IVR has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
In the past year IVR had a positive cash flow from operations.
In the past 5 years IVR reported 4 times negative net income.
In the past 5 years IVR always reported a positive cash flow from operatings.
1.2 Ratios
IVR has a better Return On Assets (0.36%) than 62.69% of its industry peers.
IVR has a Return On Equity of 2.75%. This is comparable to the rest of the industry: IVR outperforms 58.21% of its industry peers.
The Return On Invested Capital of IVR (0.57%) is better than 70.15% 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
Looking at the Profit Margin, with a value of 6.63%, IVR is in line with its industry, outperforming 59.70% of the companies in the same industry.
IVR's Profit Margin has declined in the last couple of years.
IVR has a better Operating Margin (13.16%) than 68.66% of its industry peers.
In the last couple of years the Operating Margin of IVR has declined.
Looking at the Gross Margin, with a value of 15.57%, IVR is in line with its industry, outperforming 44.78% of the companies in the same industry.
IVR's Gross Margin has declined in the last couple of years.
| 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
Compared to 1 year ago, IVR has more shares outstanding
Compared to 5 years ago, IVR has more shares outstanding
The debt/assets ratio for IVR is higher compared to a year ago.
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.
Looking at the Altman-Z score, with a value of -1.82, IVR is doing worse than 98.51% of the companies in the same industry.
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.
The Debt to FCF ratio of IVR (30.37) is better than 82.09% of its industry peers.
IVR has a Debt/Equity ratio of 6.54. This is a high value indicating a heavy dependency on external financing.
IVR has a Debt to Equity ratio of 6.54. This is in the lower half of the industry: IVR underperforms 65.67% 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 has a Current ratio of 0.02. This is amonst the worse of the industry: IVR underperforms 88.06% 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.
The Quick ratio of IVR (0.02) is worse than 88.06% 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%.
The earnings per share for IVR have been decreasing by -29.23% on average. This is quite bad
The Revenue has been growing slightly by 6.46% in the past year.
The Revenue for IVR have been decreasing by -18.12% on average. This is quite bad
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
Based on estimates for the next years, IVR will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.35% on average per year.
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 Year2.6%
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
The Price/Earnings ratio is 3.11, which indicates a rather cheap valuation of IVR.
Based on the Price/Earnings ratio, IVR is valued cheaper than 100.00% of the companies in the same industry.
IVR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.67.
With a Price/Forward Earnings ratio of 3.50, the valuation of IVR can be described as very cheap.
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 is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.11 | ||
| Fwd PE | 3.5 |
4.2 Price Multiples
98.51% of the companies in the same industry are more expensive than IVR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.28 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
IVR's earnings are expected to decrease with -10.35% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.15%
EPS Next 3Y-10.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.85%, IVR is a good candidate for dividend investing.
With a Dividend Yield of 7.85, IVR pays less dividend than the industry average, which is at 11.22. 83.58% of the companies listed in the same industry pay a better dividend than IVR!
Compared to an average S&P500 Dividend Yield of 2.41, IVR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.85% |
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%
7.56
+0.15 (+2.02%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners47.27%
Inst Owner Change-2.8%
Ins Owners0.38%
Ins Owner Change16.19%
Market Cap501.30M
Analysts52.31
Price Target8.08 (6.88%)
Short Float %10.31%
Short Ratio4.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.85% |
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)1.06%
PT rev (3m)4.4%
EPS NQ rev (1m)-0.87%
EPS NQ rev (3m)-0.41%
EPS NY rev (1m)0%
EPS NY rev (3m)1.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.11 | ||
| Fwd PE | 3.5 | ||
| P/S | 1.7 | ||
| P/FCF | 3.28 | ||
| P/OCF | 3.28 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.43
EY32.14%
EPS(NY)2.16
Fwd EY28.56%
FCF(TTM)2.3
FCFY30.45%
OCF(TTM)2.3
OCFY30.45%
SpS4.44
BVpS10.7
TBVpS10.7
PEG (NY)N/A
PEG (5Y)N/A
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%
ROICexcg growth 3Y-44.52%
ROICexcg 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 Year2.6%
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%