MFA FINANCIAL INC (MFA) Fundamental Analysis & Valuation

NYSE:MFA • US55272X6076

10.1 USD
-0.07 (-0.69%)
At close: Mar 6, 2026
10.1 USD
0 (0%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MFA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall MFA gets a fundamental rating of 4 out of 10. We evaluated MFA against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. MFA has a medium profitability rating, but doesn't score so well on its financial health evaluation. MFA is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. MFA Profitability Analysis

1.1 Basic Checks

  • In the past year MFA was profitable.
  • MFA had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: MFA reported negative net income in multiple years.
  • Of the past 5 years MFA 4 years had a positive operating cash flow.
MFA Yearly Net Income VS EBIT VS OCF VS FCFMFA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M

1.2 Ratios

  • With a decent Return On Assets value of 0.74%, MFA is doing good in the industry, outperforming 72.06% of the companies in the same industry.
  • MFA has a Return On Equity (4.93%) which is in line with its industry peers.
  • MFA has a better Return On Invested Capital (0.88%) than 75.00% of its industry peers.
Industry RankSector Rank
ROA 0.74%
ROE 4.93%
ROIC 0.88%
ROA(3y)-0.57%
ROA(5y)-1.74%
ROE(3y)-2.06%
ROE(5y)-4.53%
ROIC(3y)N/A
ROIC(5y)N/A
MFA Yearly ROA, ROE, ROICMFA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

1.3 Margins

  • MFA has a Profit Margin (11.27%) which is comparable to the rest of the industry.
  • MFA's Profit Margin has declined in the last couple of years.
  • MFA has a better Operating Margin (16.20%) than 63.24% of its industry peers.
  • MFA's Operating Margin has declined in the last couple of years.
  • MFA has a better Gross Margin (36.50%) than 73.53% of its industry peers.
  • MFA's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 16.2%
PM (TTM) 11.27%
GM 36.5%
OM growth 3Y-36.21%
OM growth 5Y-20.95%
PM growth 3Y-45.5%
PM growth 5Y-24.97%
GM growth 3Y-21.52%
GM growth 5Y-9.69%
MFA Yearly Profit, Operating, Gross MarginsMFA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. MFA Health Analysis

2.1 Basic Checks

  • There is no outstanding debt for MFA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
MFA Yearly Shares OutstandingMFA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
MFA Yearly Total Debt VS Total AssetsMFA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of -0.06, we must say that MFA is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.06, MFA is in the better half of the industry, outperforming 63.24% of the companies in the same industry.
  • MFA has a debt to FCF ratio of 65.58. This is a negative value and a sign of low solvency as MFA would need 65.58 years to pay back of all of its debts.
  • MFA has a better Debt to FCF ratio (65.58) than 77.94% of its industry peers.
  • MFA has a Debt/Equity ratio of 5.40. This is a high value indicating a heavy dependency on external financing.
  • MFA has a Debt to Equity ratio (5.40) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 5.4
Debt/FCF 65.58
Altman-Z -0.06
ROIC/WACCN/A
WACCN/A
MFA Yearly LT Debt VS Equity VS FCFMFA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.3 Liquidity

  • MFA has a Current Ratio of 0.95. This is a bad value and indicates that MFA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • MFA has a better Current ratio (0.95) than 75.00% of its industry peers.
  • A Quick Ratio of 0.95 indicates that MFA may have some problems paying its short term obligations.
  • MFA has a Quick ratio of 0.95. This is in the better half of the industry: MFA outperforms 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.95
MFA Yearly Current Assets VS Current LiabilitesMFA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MFA Growth Analysis

3.1 Past

  • MFA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.48%.
EPS 1Y (TTM)-35.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-30.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%9.21%

3.2 Future

  • MFA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.81% yearly.
  • Based on estimates for the next years, MFA will show a quite strong growth in Revenue. The Revenue will grow by 10.36% on average per year.
EPS Next Y36.35%
EPS Next 2Y22.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.29%
Revenue Next 2Y10.36%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

MFA Yearly Revenue VS EstimatesMFA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
MFA Yearly EPS VS EstimatesMFA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 -4 -6

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7

4. MFA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.10, which indicates a very decent valuation of MFA.
  • Compared to the rest of the industry, the Price/Earnings ratio of MFA indicates a somewhat cheap valuation: MFA is cheaper than 66.18% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, MFA is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.41 indicates a rather cheap valuation of MFA.
  • Based on the Price/Forward Earnings ratio, MFA is valued a bit cheaper than 73.53% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of MFA to the average of the S&P500 Index (24.57), we can say MFA is valued rather cheaply.
Industry RankSector Rank
PE 10.1
Fwd PE 7.41
MFA Price Earnings VS Forward Price EarningsMFA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • MFA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MFA is cheaper than 89.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.88
EV/EBITDA N/A
MFA Per share dataMFA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • MFA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MFA's earnings are expected to grow with 22.81% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y22.81%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MFA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 14.08%, MFA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 11.15, MFA pays a better dividend. On top of this MFA pays more dividend than 91.18% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, MFA pays a better dividend.
Industry RankSector Rank
Dividend Yield 14.08%

5.2 History

  • The dividend of MFA decreases each year by -12.34%.
  • MFA has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of MFA decreased recently.
Dividend Growth(5Y)-12.34%
Div Incr Years0
Div Non Decr Years1
MFA Yearly Dividends per shareMFA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

5.3 Sustainability

  • MFA pays out 205.55% of its income as dividend. This is not a sustainable payout ratio.
DP205.55%
EPS Next 2Y22.81%
EPS Next 3YN/A
MFA Yearly Income VS Free CF VS DividendMFA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M
MFA Dividend Payout.MFA Dividend Payout, showing the Payout Ratio.MFA Dividend Payout.PayoutRetained Earnings

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MFA Fundamentals: All Metrics, Ratios and Statistics

MFA FINANCIAL INC

NYSE:MFA (3/6/2026, 8:04:00 PM)

After market: 10.1 0 (0%)

10.1

-0.07 (-0.69%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-18
Earnings (Next)05-04
Inst Owners55.51%
Inst Owner Change-0.8%
Ins Owners0.89%
Ins Owner Change20.55%
Market Cap1.03B
Revenue(TTM)N/A
Net Income(TTM)89.86M
Analysts72
Price Target10.9 (7.92%)
Short Float %2.65%
Short Ratio1.86
Dividend
Industry RankSector Rank
Dividend Yield 14.08%
Yearly Dividend1.73
Dividend Growth(5Y)-12.34%
DP205.55%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.83%
Min EPS beat(2)-27.99%
Max EPS beat(2)-21.66%
EPS beat(4)0
Avg EPS beat(4)-15.54%
Min EPS beat(4)-27.99%
Max EPS beat(4)-2.24%
EPS beat(8)2
Avg EPS beat(8)-5.13%
EPS beat(12)5
Avg EPS beat(12)-2.45%
EPS beat(16)6
Avg EPS beat(16)-562.76%
Revenue beat(2)2
Avg Revenue beat(2)7.79%
Min Revenue beat(2)3.57%
Max Revenue beat(2)12.01%
Revenue beat(4)3
Avg Revenue beat(4)1.15%
Min Revenue beat(4)-18.38%
Max Revenue beat(4)12.01%
Revenue beat(8)4
Avg Revenue beat(8)-5.04%
Revenue beat(12)6
Avg Revenue beat(12)9.28%
Revenue beat(16)7
Avg Revenue beat(16)-5.44%
PT rev (1m)3.64%
PT rev (3m)3.01%
EPS NQ rev (1m)-1.23%
EPS NQ rev (3m)-1.23%
EPS NY rev (1m)-1.6%
EPS NY rev (3m)-6.33%
Revenue NQ rev (1m)4.61%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)11.31%
Valuation
Industry RankSector Rank
PE 10.1
Fwd PE 7.41
P/S 1.29
P/FCF 6.88
P/OCF 6.88
P/B 0.57
P/tB 0.59
EV/EBITDA N/A
EPS(TTM)1
EY9.9%
EPS(NY)1.36
Fwd EY13.5%
FCF(TTM)1.47
FCFY14.54%
OCF(TTM)1.47
OCFY14.54%
SpS7.81
BVpS17.82
TBVpS17.2
PEG (NY)0.28
PEG (5Y)N/A
Graham Number20.03
Profitability
Industry RankSector Rank
ROA 0.74%
ROE 4.93%
ROCE 1.11%
ROIC 0.88%
ROICexc 0.9%
ROICexgc 0.93%
OM 16.2%
PM (TTM) 11.27%
GM 36.5%
FCFM 18.81%
ROA(3y)-0.57%
ROA(5y)-1.74%
ROE(3y)-2.06%
ROE(5y)-4.53%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-28.3%
ROICexgc growth 5Y-17.73%
ROICexc growth 3Y-27.72%
ROICexc growth 5Y-17.35%
OM growth 3Y-36.21%
OM growth 5Y-20.95%
PM growth 3Y-45.5%
PM growth 5Y-24.97%
GM growth 3Y-21.52%
GM growth 5Y-9.69%
F-Score4
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 5.4
Debt/FCF 65.58
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.26
Cash Conversion N/A
Profit Quality 167%
Current Ratio 0.95
Quick Ratio 0.95
Altman-Z -0.06
F-Score4
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)-35.48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-30.77%
EPS Next Y36.35%
EPS Next 2Y22.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%9.21%
Revenue Next Year-2.29%
Revenue Next 2Y10.36%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-25.62%
EBIT growth 3Y-22.41%
EBIT growth 5Y-20.98%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y22.9%
FCF growth 3Y22.71%
FCF growth 5Y-1.32%
OCF growth 1Y22.6%
OCF growth 3Y18.49%
OCF growth 5Y-1.5%

MFA FINANCIAL INC / MFA FAQ

Can you provide the ChartMill fundamental rating for MFA FINANCIAL INC?

ChartMill assigns a fundamental rating of 4 / 10 to MFA.


What is the valuation status of MFA FINANCIAL INC (MFA) stock?

ChartMill assigns a valuation rating of 7 / 10 to MFA FINANCIAL INC (MFA). This can be considered as Undervalued.


How profitable is MFA FINANCIAL INC (MFA) stock?

MFA FINANCIAL INC (MFA) has a profitability rating of 4 / 10.


What are the PE and PB ratios of MFA FINANCIAL INC (MFA) stock?

The Price/Earnings (PE) ratio for MFA FINANCIAL INC (MFA) is 10.1 and the Price/Book (PB) ratio is 0.57.


Can you provide the dividend sustainability for MFA stock?

The dividend rating of MFA FINANCIAL INC (MFA) is 5 / 10 and the dividend payout ratio is 205.55%.