LADDER CAPITAL CORP-REIT (LADR)
US5057431042 - REIT
Taking everything into account, LADR scores 5 out of 10 in our fundamental rating. LADR was compared to 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and the financial health of LADR get a neutral evaluation. Nothing too spectacular is happening here. 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
LADR had positive earnings in the past year.
LADR had a positive operating cash flow in the past year.
Of the past 5 years LADR 4 years were profitable.
LADR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.83%, LADR is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
With a decent Return On Equity value of 6.60%, LADR is doing good in the industry, outperforming 76.56% of the companies in the same industry.
With a decent Return On Invested Capital value of 1.37%, LADR is doing good in the industry, outperforming 68.75% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for LADR is in line with the industry average of 1.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.83% | ||
| ROE | 6.6% | ||
| ROIC | 1.37% |
ROA(3y)1.73%
ROA(5y)1.36%
ROE(3y)6.54%
ROE(5y)5.42%
ROIC(3y)1.49%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 19.31%, LADR belongs to the best of the industry, outperforming 82.81% of the companies in the same industry.
In the last couple of years the Profit Margin of LADR has declined.
With a decent Operating Margin value of 17.94%, LADR is doing good in the industry, outperforming 64.06% of the companies in the same industry.
LADR's Operating Margin has declined in the last couple of years.
LADR's Gross Margin of 53.20% is fine compared to the rest of the industry. LADR outperforms 78.13% of its industry peers.
In the last couple of years the Gross Margin of LADR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.94% | ||
| PM (TTM) | 19.31% | ||
| GM | 53.2% |
OM growth 3YN/A
OM growth 5Y-14.25%
PM growth 3YN/A
PM growth 5Y-8.47%
GM growth 3Y13.5%
GM growth 5Y-4.66%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LADR is destroying value.
Compared to 1 year ago, LADR has more shares outstanding
Compared to 5 years ago, LADR has more shares outstanding
The debt/assets ratio for LADR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.51, we must say that LADR is in the distress zone and has some risk of bankruptcy.
LADR's Altman-Z score of 0.51 is amongst the best of the industry. LADR outperforms 82.81% of its industry peers.
The Debt to FCF ratio of LADR is 20.95, which is on the high side as it means it would take LADR, 20.95 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 20.95, LADR is doing good in the industry, outperforming 75.00% of the companies in the same industry.
A Debt/Equity ratio of 2.47 is on the high side and indicates that LADR has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.47, LADR is in the better half of the industry, outperforming 76.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.47 | ||
| Debt/FCF | 20.95 | ||
| Altman-Z | 0.51 |
ROIC/WACC0.21
WACC6.59%
2.3 Liquidity
LADR has a Current Ratio of 9.14. This indicates that LADR is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 9.14, LADR belongs to the best of the industry, outperforming 95.31% of the companies in the same industry.
A Quick Ratio of 9.14 indicates that LADR has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 9.14, LADR belongs to the best of the industry, outperforming 95.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.14 | ||
| Quick Ratio | 9.14 |
3. Growth
3.1 Past
LADR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.53%, which is quite good.
LADR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.06% yearly.
Looking at the last year, LADR shows a decrease in Revenue. The Revenue has decreased by -3.70% in the last year.
Measured over the past years, LADR shows a decrease in Revenue. The Revenue has been decreasing by -2.64% on average per year.
EPS 1Y (TTM)14.53%
EPS 3Y31.45%
EPS 5Y-8.06%
EPS growth Q2Q3.23%
Revenue 1Y (TTM)-3.7%
Revenue growth 3Y13.56%
Revenue growth 5Y-2.64%
Revenue growth Q2Q-31.44%
3.2 Future
The Earnings Per Share is expected to grow by 1.09% on average over the next years.
LADR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.52% yearly.
EPS Next Y-4.72%
EPS Next 2Y1.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.1%
Revenue Next 2Y0.52%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.13, the valuation of LADR can be described as very reasonable.
LADR's Price/Earnings ratio is a bit cheaper when compared to the industry. LADR is cheaper than 71.88% of the companies in the same industry.
LADR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.55.
Based on the Price/Forward Earnings ratio of 8.54, the valuation of LADR can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LADR indicates a somewhat cheap valuation: LADR is cheaper than 62.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.92, LADR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 8.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LADR is valued cheaper than 89.06% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LADR indicates a somewhat cheap valuation: LADR is cheaper than 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.64 | ||
| EV/EBITDA | 33.5 |
4.3 Compensation for Growth
LADR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.09%
EPS Next 3YN/A
5. Dividend
5.1 Amount
LADR has a Yearly Dividend Yield of 8.57%, which is a nice return.
With a Dividend Yield of 8.57, LADR pays less dividend than the industry average, which is at 13.15. 95.31% of the companies listed in the same industry pay a better dividend than LADR!
Compared to an average S&P500 Dividend Yield of 2.39, LADR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.57% |
5.2 History
The dividend of LADR decreases each year by -3.10%.
LADR has paid a dividend for at least 10 years, which is a reliable track record.
LADR has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-3.1%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
115.11% of the earnings are spent on dividend by LADR. This is not a sustainable payout ratio.
DP115.11%
EPS Next 2Y1.09%
EPS Next 3YN/A
LADDER CAPITAL CORP-REIT
NYSE:LADR (5/1/2024, 7:06:47 PM)
After market: 10.9 0 (0%)10.9
+0.17 (+1.58%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.38B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.57% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.13 | ||
| Fwd PE | 8.54 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.83% | ||
| ROE | 6.6% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 17.94% | ||
| PM (TTM) | 19.31% | ||
| GM | 53.2% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.47 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 9.14 | ||
| Quick Ratio | 9.14 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)14.53%
EPS 3Y31.45%
EPS 5Y
EPS growth Q2Q
EPS Next Y-4.72%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-3.7%
Revenue growth 3Y13.56%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y