LADDER CAPITAL CORP-REIT (LADR) Stock Fundamental Analysis
NYSE:LADR - US5057431042 - REIT
11.81 USD
+0.05 (+0.43%)
11.7212 USD
-0.09 (-0.75%)
We assign a fundamental rating of 5 out of 10 to LADR. LADR was compared to 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. LADR scores excellent on profitability, but there are some minor concerns on its financial health. LADR has a valuation in line with the averages, but it does not seem to be growing.
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.
In the past 5 years LADR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.98%, LADR belongs to the top of the industry, outperforming 94.03% of the companies in the same industry.
LADR has a better Return On Equity (5.88%) than 91.04% of its industry peers.
LADR's Return On Invested Capital of 1.68% is amongst the best of the industry. LADR outperforms 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 1.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.98% | ||
| ROE | 5.88% | ||
| ROIC | 1.68% |
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 20.07%. This is amongst the best in the industry. LADR outperforms 89.55% of its industry peers.
LADR's Profit Margin has declined in the last couple of years.
The Operating Margin of LADR (21.06%) is better 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 56.02% is amongst the best of the industry. LADR outperforms 88.06% 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 | 21.06% | ||
| PM (TTM) | 20.07% | ||
| GM | 56.02% |
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
LADR has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.41, we must say that LADR is in the distress zone and has some risk of bankruptcy.
LADR's Altman-Z score of 0.41 is amongst the best of the industry. LADR outperforms 86.57% of its industry peers.
LADR has a debt to FCF ratio of 22.41. This is a negative value and a sign of low solvency as LADR would need 22.41 years to pay back of all of its debts.
LADR has a better Debt to FCF ratio (22.41) than 94.03% of its industry peers.
LADR has a Debt/Equity ratio of 1.85. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of LADR (1.85) is better than 82.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 22.41 | ||
| Altman-Z | 0.41 |
ROIC/WACC0.28
WACC6.1%
2.3 Liquidity
A Current Ratio of 1.45 indicates that LADR should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.45, LADR belongs to the best of the industry, outperforming 91.04% of the companies in the same industry.
LADR has a Quick Ratio of 1.45. This is a normal value and indicates that LADR is financially healthy and should not expect problems in meeting its short term obligations.
LADR has a better Quick ratio (1.45) than 91.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.45 |
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.
The Revenue for LADR has decreased by -15.40% in the past year. This is quite bad
LADR shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.03% yearly.
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
Based on estimates for the next years, LADR will show a decrease in Earnings Per Share. The EPS will decrease by -0.10% on average per year.
Based on estimates for the next years, LADR will show a decrease in Revenue. The Revenue will decrease by -9.88% on average per year.
EPS Next Y-20.59%
EPS Next 2Y-0.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-31.01%
Revenue Next 2Y-9.88%
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
The Price/Earnings ratio is 11.81, which indicates a very decent valuation of LADR.
Based on the Price/Earnings ratio, LADR is valued a bit cheaper than 67.16% of the companies in the same industry.
LADR is valuated cheaply when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.78 indicates a reasonable valuation of LADR.
LADR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LADR is cheaper than 61.19% of the companies in the same industry.
LADR is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 9.78 |
4.2 Price Multiples
LADR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. LADR is cheaper than 94.03% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, LADR is valued a bit cheaper than 67.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.12 | ||
| EV/EBITDA | 33.56 |
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 2Y-0.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.82%, LADR is a good candidate for dividend investing.
With a Dividend Yield of 7.82, LADR pays less dividend than the industry average, which is at 11.47. 85.07% 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 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.82% |
5.2 History
The dividend of LADR decreases each year by -6.35%.
LADR has paid a dividend for at least 10 years, which is 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
132.98% of the earnings are spent on dividend by LADR. This is not a sustainable payout ratio.
The Dividend Rate of LADR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP132.98%
EPS Next 2Y-0.1%
EPS Next 3YN/A
11.81
+0.05 (+0.43%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners64.69%
Inst Owner Change-6.16%
Ins Owners11.79%
Ins Owner Change-1.57%
Market Cap1.51B
Analysts83.33
Price Target13.09 (10.84%)
Short Float %1.19%
Short Ratio1.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.82% |
Yearly Dividend0.93
Dividend Growth(5Y)-6.35%
DP132.98%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.08%
Min EPS beat(2)-11.87%
Max EPS beat(2)1.72%
EPS beat(4)2
Avg EPS beat(4)-1.16%
Min EPS beat(4)-11.87%
Max EPS beat(4)10.99%
EPS beat(8)6
Avg EPS beat(8)2.3%
EPS beat(12)10
Avg EPS beat(12)4.88%
EPS beat(16)14
Avg EPS beat(16)12.61%
Revenue beat(2)0
Avg Revenue beat(2)-1.54%
Min Revenue beat(2)-2.68%
Max Revenue beat(2)-0.4%
Revenue beat(4)1
Avg Revenue beat(4)0.46%
Min Revenue beat(4)-6.48%
Max Revenue beat(4)11.4%
Revenue beat(8)2
Avg Revenue beat(8)-0.31%
Revenue beat(12)6
Avg Revenue beat(12)15.89%
Revenue beat(16)10
Avg Revenue beat(16)39.13%
PT rev (1m)0.65%
PT rev (3m)0.65%
EPS NQ rev (1m)0.83%
EPS NQ rev (3m)-17.26%
EPS NY rev (1m)0.04%
EPS NY rev (3m)-3.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.41%
Revenue NY rev (1m)-3.27%
Revenue NY rev (3m)-2.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 9.78 | ||
| P/S | 3.42 | ||
| P/FCF | 12.12 | ||
| P/OCF | 12.12 | ||
| P/B | 1 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 33.56 |
EPS(TTM)1
EY8.47%
EPS(NY)1.21
Fwd EY10.23%
FCF(TTM)0.97
FCFY8.25%
OCF(TTM)0.97
OCFY8.25%
SpS3.46
BVpS11.79
TBVpS11.37
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.98% | ||
| ROE | 5.88% | ||
| ROCE | 2.13% | ||
| ROIC | 1.68% | ||
| ROICexc | 1.74% | ||
| ROICexgc | 1.77% | ||
| OM | 21.06% | ||
| PM (TTM) | 20.07% | ||
| GM | 56.02% | ||
| FCFM | 28.19% |
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-Score7
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.85 | ||
| Debt/FCF | 22.41 | ||
| Debt/EBITDA | 22.49 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 100.36% | ||
| Profit Quality | 140.5% | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 1.45 | ||
| Altman-Z | 0.41 |
F-Score7
WACC6.1%
ROIC/WACC0.28
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-20.59%
EPS Next 2Y-0.1%
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-31.01%
Revenue Next 2Y-9.88%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-8.01%
EBIT growth 3Y24.19%
EBIT growth 5Y-4.86%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-9.27%
FCF growth 3Y31.27%
FCF growth 5Y-3.85%
OCF growth 1Y-9.27%
OCF growth 3Y18.89%
OCF growth 5Y-6.07%