LADDER CAPITAL CORP-REIT (LADR) Stock Fundamental Analysis
NYSE:LADR - New York Stock Exchange, Inc. - US5057431042 - REIT - Currency: USD
Overall LADR gets a fundamental rating of 6 out of 10. We evaluated LADR against 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. LADR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. LADR has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year LADR was profitable.
In the past year LADR had a positive cash flow from operations.
LADR had positive earnings in 4 of the past 5 years.
Each year in the past 5 years LADR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of LADR (2.31%) is better than 94.03% of its industry peers.
Looking at the Return On Equity, with a value of 6.82%, LADR belongs to the top of the industry, outperforming 89.55% of the companies in the same industry.
LADR has a better Return On Invested Capital (1.86%) than 89.55% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LADR is in line with the industry average of 1.38%.
The last Return On Invested Capital (1.86%) for LADR is above the 3 year average (1.84%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 6.82% | ||
| ROIC | 1.86% |
ROA(3y)2.15%
ROA(5y)1.44%
ROE(3y)7.64%
ROE(5y)5.15%
ROIC(3y)1.84%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of LADR (21.82%) is better than 88.06% of its industry peers.
In the last couple of years the Profit Margin of LADR has declined.
LADR has a better Operating Margin (21.73%) than 86.57% of its industry peers.
In the last couple of years the Operating Margin of LADR has declined.
LADR's Gross Margin of 56.38% is amongst the best of the industry. LADR outperforms 88.06% of its industry peers.
LADR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.73% | ||
| PM (TTM) | 21.82% | ||
| GM | 56.38% |
OM growth 3Y10.59%
OM growth 5Y-4.83%
PM growth 3Y10.61%
PM growth 5Y-2.43%
GM growth 3Y4.81%
GM growth 5Y-1.18%
2. Health
2.1 Basic Checks
LADR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, LADR has about the same amount of shares outstanding.
LADR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LADR has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that LADR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of LADR (0.50) is better than 86.57% of its industry peers.
The Debt to FCF ratio of LADR is 22.06, which is on the high side as it means it would take LADR, 22.06 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LADR (22.06) is better than 88.06% of its industry peers.
LADR has a Debt/Equity ratio of 1.83. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.83, LADR belongs to the top of the industry, outperforming 82.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 22.06 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.31
WACC6.05%
2.3 Liquidity
A Current Ratio of 5.32 indicates that LADR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 5.32, LADR belongs to the top of the industry, outperforming 95.52% of the companies in the same industry.
A Quick Ratio of 5.32 indicates that LADR has no problem at all paying its short term obligations.
LADR has a Quick ratio of 5.32. This is amongst the best in the industry. LADR outperforms 95.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.32 | ||
| Quick Ratio | 5.32 |
3. Growth
3.1 Past
The earnings per share for LADR have decreased strongly by -21.26% in the last year.
LADR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.55% yearly.
LADR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.40%.
The Revenue has been decreasing by -0.03% on average over the past years.
EPS 1Y (TTM)-21.26%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-25.81%
Revenue 1Y (TTM)-15.4%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-29.13%
3.2 Future
The Earnings Per Share is expected to decrease by -0.76% on average over the next years.
Based on estimates for the next years, LADR will show a decrease in Revenue. The Revenue will decrease by -8.42% on average per year.
EPS Next Y-20.62%
EPS Next 2Y-0.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-28.68%
Revenue Next 2Y-8.42%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.04 indicates a reasonable valuation of LADR.
LADR's Price/Earnings ratio is a bit cheaper when compared to the industry. LADR is cheaper than 68.66% of the companies in the same industry.
When comparing the Price/Earnings ratio of LADR to the average of the S&P500 Index (26.54), we can say LADR is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.26, the valuation of LADR can be described as very reasonable.
Based on the Price/Forward Earnings ratio, LADR is valued a bit cheaper than 62.69% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.28, LADR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.04 | ||
| Fwd PE | 9.26 |
4.2 Price Multiples
94.03% of the companies in the same industry are more expensive than LADR, based on the Enterprise Value to EBITDA ratio.
65.67% of the companies in the same industry are more expensive than LADR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.21 | ||
| EV/EBITDA | 27.47 |
4.3 Compensation for Growth
The excellent profitability rating of LADR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.76%
EPS Next 3YN/A
5. Dividend
5.1 Amount
LADR has a Yearly Dividend Yield of 8.42%, which is a nice return.
Compared to an average industry Dividend Yield of 11.20, LADR's dividend is way lower than its industry peers. On top of this 91.04% of the companies listed in the same industry pay a better dividend than LADR!
Compared to an average S&P500 Dividend Yield of 2.40, LADR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.42% |
5.2 History
The dividend of LADR decreases each year by -6.35%.
LADR has been paying a dividend for at least 10 years, so it has a reliable track record.
LADR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.35%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
LADR pays out 113.64% of its income as dividend. This is not a sustainable payout ratio.
LADR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP113.64%
EPS Next 2Y-0.76%
EPS Next 3YN/A
11.04
+0.05 (+0.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change-3.82%
Ins Owners11.74%
Ins Owner Change8.42%
Market Cap1.41B
Analysts81.82
Price Target13.01 (17.84%)
Short Float %1.41%
Short Ratio2.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.42% |
Yearly Dividend0.93
Dividend Growth(5Y)-6.35%
DP113.64%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.67%
Min EPS beat(2)-11.87%
Max EPS beat(2)-5.46%
EPS beat(4)2
Avg EPS beat(4)-0.89%
Min EPS beat(4)-11.87%
Max EPS beat(4)10.99%
EPS beat(8)6
Avg EPS beat(8)2.16%
EPS beat(12)10
Avg EPS beat(12)8.08%
EPS beat(16)14
Avg EPS beat(16)19.02%
Revenue beat(2)0
Avg Revenue beat(2)-4.58%
Min Revenue beat(2)-6.48%
Max Revenue beat(2)-2.68%
Revenue beat(4)1
Avg Revenue beat(4)0.55%
Min Revenue beat(4)-6.48%
Max Revenue beat(4)11.4%
Revenue beat(8)3
Avg Revenue beat(8)-0.14%
Revenue beat(12)7
Avg Revenue beat(12)23.44%
Revenue beat(16)11
Avg Revenue beat(16)46.34%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.62%
EPS NY rev (1m)-1.29%
EPS NY rev (3m)-12.97%
Revenue NQ rev (1m)2.62%
Revenue NQ rev (3m)5.56%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)-11.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.04 | ||
| Fwd PE | 9.26 | ||
| P/S | 2.97 | ||
| P/FCF | 11.21 | ||
| P/OCF | 11.21 | ||
| P/B | 0.93 | ||
| P/tB | 0.96 | ||
| EV/EBITDA | 27.47 |
EPS(TTM)1
EY9.06%
EPS(NY)1.19
Fwd EY10.79%
FCF(TTM)0.99
FCFY8.92%
OCF(TTM)0.99
OCFY8.92%
SpS3.72
BVpS11.9
TBVpS11.53
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 6.82% | ||
| ROCE | 2.35% | ||
| ROIC | 1.86% | ||
| ROICexc | 2.09% | ||
| ROICexgc | 2.17% | ||
| OM | 21.73% | ||
| PM (TTM) | 21.82% | ||
| GM | 56.38% | ||
| FCFM | 26.49% |
ROA(3y)2.15%
ROA(5y)1.44%
ROE(3y)7.64%
ROE(5y)5.15%
ROIC(3y)1.84%
ROIC(5y)N/A
ROICexc(3y)2.28%
ROICexc(5y)N/A
ROICexgc(3y)2.37%
ROICexgc(5y)N/A
ROCE(3y)2.33%
ROCE(5y)N/A
ROICexcg growth 3Y44.8%
ROICexcg growth 5Y9.08%
ROICexc growth 3Y43.44%
ROICexc growth 5Y8.32%
OM growth 3Y10.59%
OM growth 5Y-4.83%
PM growth 3Y10.61%
PM growth 5Y-2.43%
GM growth 3Y4.81%
GM growth 5Y-1.18%
F-Score8
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 22.06 | ||
| Debt/EBITDA | 20.62 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 93.46% | ||
| Profit Quality | 121.41% | ||
| Current Ratio | 5.32 | ||
| Quick Ratio | 5.32 | ||
| Altman-Z | 0.5 |
F-Score8
WACC6.05%
ROIC/WACC0.31
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)125.78%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.26%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-25.81%
EPS Next Y-20.62%
EPS Next 2Y-0.76%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.4%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-29.13%
Revenue Next Year-28.68%
Revenue Next 2Y-8.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y5.72%
EBIT growth 3Y24.19%
EBIT growth 5Y-4.86%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-49.39%
FCF growth 3Y31.27%
FCF growth 5Y-3.85%
OCF growth 1Y-49.39%
OCF growth 3Y18.89%
OCF growth 5Y-6.07%