LADDER CAPITAL CORP-REIT (LADR) Stock Fundamental Analysis
NYSE:LADR - New York Stock Exchange, Inc. - US5057431042 - REIT - Currency: USD
We assign a fundamental rating of 6 out of 10 to LADR. LADR was compared to 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. LADR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 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.
LADR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 2.31%, LADR belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
The Return On Equity of LADR (6.82%) is better than 87.69% of its industry peers.
LADR has a better Return On Invested Capital (1.86%) than 89.23% of its industry peers.
LADR had an Average Return On Invested Capital over the past 3 years of 1.84%. This is in line with the industry average of 1.42%.
The 3 year average ROIC (1.84%) for LADR is below the current ROIC(1.86%), indicating increased profibility in the last year.
| 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
LADR has a Profit Margin of 21.82%. This is amongst the best in the industry. LADR outperforms 87.69% of its industry peers.
LADR's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 21.73%, LADR belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
LADR's Operating Margin has declined in the last couple of years.
LADR has a better Gross Margin (56.38%) than 87.69% of its industry peers.
In the last couple of years the Gross Margin of LADR has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LADR is destroying value.
LADR has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, LADR has more shares outstanding
Compared to 1 year ago, LADR has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.49, we must say that LADR is in the distress zone and has some risk of bankruptcy.
LADR has a better Altman-Z score (0.49) than 86.15% of its industry peers.
LADR has a debt to FCF ratio of 22.06. This is a negative value and a sign of low solvency as LADR would need 22.06 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 22.06, LADR belongs to the best of the industry, outperforming 89.23% of the companies in the same industry.
A Debt/Equity ratio of 1.83 is on the high side and indicates that LADR has dependencies on debt financing.
LADR has a better Debt to Equity ratio (1.83) than 81.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 22.06 | ||
| Altman-Z | 0.49 |
ROIC/WACC0.31
WACC6.08%
2.3 Liquidity
A Current Ratio of 5.32 indicates that LADR has no problem at all paying its short term obligations.
LADR's Current ratio of 5.32 is amongst the best of the industry. LADR outperforms 93.85% of its industry peers.
A Quick Ratio of 5.32 indicates that LADR has no problem at all paying its short term obligations.
LADR has a better Quick ratio (5.32) than 93.85% 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 -16.28% in the last year.
Measured over the past years, LADR shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.55% on average per year.
LADR shows a decrease in Revenue. In the last year, the revenue decreased by -9.69%.
Measured over the past years, LADR shows a decrease in Revenue. The Revenue has been decreasing by -0.03% on average per year.
EPS 1Y (TTM)-16.28%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-39.39%
Revenue 1Y (TTM)-9.69%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-32.93%
3.2 Future
The Earnings Per Share is expected to decrease by -0.16% on average over the next years.
LADR is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.68% yearly.
EPS Next Y-17.6%
EPS Next 2Y-0.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-30.51%
Revenue Next 2Y-10.68%
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 9.74 indicates a reasonable valuation of LADR.
Based on the Price/Earnings ratio, LADR is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
LADR is valuated cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.72, the valuation of LADR can be described as reasonable.
LADR's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of LADR to the average of the S&P500 Index (22.06), we can say LADR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.74 | ||
| Fwd PE | 8.72 |
4.2 Price Multiples
LADR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. LADR is cheaper than 95.38% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, LADR is valued a bit cheaper than the industry average as 66.15% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.73 | ||
| EV/EBITDA | 27 |
4.3 Compensation for Growth
LADR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.16%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.75%, LADR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 14.00, LADR's dividend is way lower than its industry peers. On top of this 95.38% of the companies listed in the same industry pay a better dividend than LADR!
LADR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.75% |
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
113.64% of the earnings are spent on dividend by LADR. 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-0.16%
EPS Next 3YN/A
10.52
+0.08 (+0.77%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners63.99%
Inst Owner Change2.71%
Ins Owners8.66%
Ins Owner Change9.84%
Market Cap1.35B
Analysts83.33
Price Target13.01 (23.67%)
Short Float %1.24%
Short Ratio1.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.75% |
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)-4.29%
EPS NQ rev (1m)-2.17%
EPS NQ rev (3m)-18.92%
EPS NY rev (1m)-9.66%
EPS NY rev (3m)-15.73%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-17.78%
Revenue NY rev (1m)-13.32%
Revenue NY rev (3m)-13.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.74 | ||
| Fwd PE | 8.72 | ||
| P/S | 2.84 | ||
| P/FCF | 10.73 | ||
| P/OCF | 10.73 | ||
| P/B | 0.89 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 27 |
EPS(TTM)1.08
EY10.27%
EPS(NY)1.21
Fwd EY11.47%
FCF(TTM)0.98
FCFY9.32%
OCF(TTM)0.98
OCFY9.32%
SpS3.7
BVpS11.84
TBVpS11.47
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 | 0.49 |
F-Score8
WACC6.08%
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)-16.28%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-39.39%
EPS Next Y-17.6%
EPS Next 2Y-0.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.69%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-32.93%
Revenue Next Year-30.51%
Revenue Next 2Y-10.68%
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%