INVESCO MORTGAGE CAPITAL (IVR) Stock Fundamental Analysis
NYSE:IVR - US46131B7047 - REIT
7.98 USD
+0.06 (+0.76%)
8.02 USD
+0.04 (+0.5%)
Overall IVR gets a fundamental rating of 3 out of 10. We evaluated IVR 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
IVR had positive earnings in the past year.
In the past year IVR had a positive cash flow from operations.
IVR had negative earnings in 4 of the past 5 years.
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.
With a Return On Equity value of 2.75%, IVR perfoms like the industry average, outperforming 58.21% of the companies in the same industry.
With a decent Return On Invested Capital value of 0.57%, IVR is doing good in the industry, outperforming 70.15% 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 | 0.36% | ||
| 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
The Profit Margin of IVR (6.63%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of IVR has declined.
IVR has a Operating Margin of 13.16%. This is in the better half of the industry: IVR outperforms 68.66% of its industry peers.
In the last couple of years the Operating Margin of IVR has declined.
IVR has a Gross Margin (15.57%) which is comparable to the rest of the 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
Based on the Altman-Z score of -1.82, we must say that IVR is in the distress zone and 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.
With an excellent Debt to FCF ratio value of 30.37, IVR belongs to the best of the industry, outperforming 82.09% of the companies in the same industry.
IVR has a Debt/Equity ratio of 6.54. This is a high value indicating a heavy dependency on external financing.
IVR has a worse Debt to Equity ratio (6.54) than 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.
With a Current ratio value of 0.02, IVR is not doing good in the industry: 88.06% of the companies in the same industry are doing better.
A Quick Ratio of 0.02 indicates that IVR may have some problems paying its short term obligations.
IVR has a Quick ratio of 0.02. This is amonst the worse of the industry: IVR underperforms 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%.
IVR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -29.23% yearly.
Looking at the last year, IVR shows a small growth in Revenue. The Revenue has grown by 6.46% 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)-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-13.71%
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
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
The Price/Earnings ratio is 3.28, which indicates a rather cheap valuation of IVR.
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.
When comparing the Price/Earnings ratio of IVR to the average of the S&P500 Index (27.03), we can say IVR is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 3.66, 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's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.28 | ||
| Fwd PE | 3.66 |
4.2 Price Multiples
IVR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. IVR is cheaper than 98.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.47 | ||
| 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-13.71%
EPS Next 3Y-10.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 17.53%, IVR is a good candidate for dividend investing.
IVR's Dividend Yield is rather good when compared to the industry average which is at 11.93. IVR pays more dividend than 94.03% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, IVR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.53% |
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
559.47% of the earnings are spent on dividend by IVR. 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.
DP559.47%
EPS Next 2Y-13.71%
EPS Next 3Y-10.35%
7.98
+0.06 (+0.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners50.09%
Inst Owner Change-2.8%
Ins Owners0.38%
Ins Owner Change16.19%
Market Cap529.15M
Analysts52.31
Price Target7.99 (0.13%)
Short Float %10.8%
Short Ratio4.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 17.53% |
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)-4.08%
EPS NQ rev (1m)-0.29%
EPS NQ rev (3m)-6.08%
EPS NY rev (1m)0.85%
EPS NY rev (3m)-0.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.28 | ||
| Fwd PE | 3.66 | ||
| P/S | 1.8 | ||
| P/FCF | 3.47 | ||
| P/OCF | 3.47 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.43
EY30.45%
EPS(NY)2.18
Fwd EY27.34%
FCF(TTM)2.3
FCFY28.85%
OCF(TTM)2.3
OCFY28.85%
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-13.71%
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%