AG MORTGAGE INVESTMENT TRUST (MITT) Stock Fundamental Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
Taking everything into account, MITT scores 4 out of 10 in our fundamental rating. MITT was compared to 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. MITT may be in some trouble as it scores bad on both profitability and health. MITT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MITT was profitable.
MITT had a positive operating cash flow in the past year.
In multiple years MITT reported negative net income over the last 5 years.
MITT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MITT's Return On Assets of 0.53% is in line compared to the rest of the industry. MITT outperforms 49.23% of its industry peers.
MITT has a better Return On Equity (6.70%) than 72.31% of its industry peers.
MITT has a Return On Invested Capital of 0.39%. This is comparable to the rest of the industry: MITT outperforms 41.54% of its industry peers.
MITT had an Average Return On Invested Capital over the past 3 years of 0.43%. This is in line with the industry average of 1.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.53% | ||
| ROE | 6.7% | ||
| ROIC | 0.39% |
ROA(3y)-0.18%
ROA(5y)-5.75%
ROE(3y)-0.68%
ROE(5y)-18.43%
ROIC(3y)0.43%
ROIC(5y)0.52%
1.3 Margins
The Profit Margin of MITT (8.91%) is comparable to the rest of the industry.
MITT's Profit Margin has declined in the last couple of years.
The Operating Margin of MITT (8.35%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of MITT has declined.
Looking at the Gross Margin, with a value of 12.45%, MITT is doing worse than 83.08% of the companies in the same industry.
In the last couple of years the Gross Margin of MITT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.35% | ||
| PM (TTM) | 8.91% | ||
| GM | 12.45% |
OM growth 3Y-33.53%
OM growth 5Y-22.66%
PM growth 3Y-58.15%
PM growth 5Y-27.59%
GM growth 3Y-35.88%
GM growth 5Y-21.14%
2. Health
2.1 Basic Checks
MITT has more shares outstanding than it did 1 year ago.
MITT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MITT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.12, we must say that MITT is in the distress zone and has some risk of bankruptcy.
MITT has a Altman-Z score (-0.12) which is comparable to the rest of the industry.
MITT has a debt to FCF ratio of 113.36. This is a negative value and a sign of low solvency as MITT would need 113.36 years to pay back of all of its debts.
MITT has a Debt to FCF ratio (113.36) which is in line with its industry peers.
MITT has a Debt/Equity ratio of 11.65. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MITT (11.65) is worse than 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 11.65 | ||
| Debt/FCF | 113.36 | ||
| Altman-Z | -0.12 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.20 indicates that MITT may have some problems paying its short term obligations.
MITT has a Current ratio (0.20) which is comparable to the rest of the industry.
A Quick Ratio of 0.20 indicates that MITT may have some problems paying its short term obligations.
MITT has a Quick ratio of 0.20. This is comparable to the rest of the industry: MITT outperforms 56.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 109.52% over the past year.
Measured over the past years, MITT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -25.19% on average per year.
The Revenue has grown by 56.91% in the past year. This is a very strong growth!
The Revenue has been growing by 18.93% on average over the past years. This is quite good.
EPS 1Y (TTM)109.52%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%-63.64%
Revenue 1Y (TTM)56.91%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.73%
3.2 Future
MITT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.58% yearly.
MITT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.88% yearly.
EPS Next Y-28.19%
EPS Next 2Y-8.37%
EPS Next 3Y-2.58%
EPS Next 5YN/A
Revenue Next Year12.08%
Revenue Next 2Y9.99%
Revenue Next 3Y8.88%
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
With a Price/Earnings ratio of 7.84, the valuation of MITT can be described as very cheap.
Based on the Price/Earnings ratio, MITT is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 24.12. MITT is valued rather cheaply when compared to this.
MITT is valuated cheaply with a Price/Forward Earnings ratio of 6.68.
Based on the Price/Forward Earnings ratio, MITT is valued cheaper than 83.08% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.42. MITT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.84 | ||
| Fwd PE | 6.68 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MITT is valued cheaper than 96.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.67 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as MITT's earnings are expected to decrease with -2.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.37%
EPS Next 3Y-2.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.37%, MITT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 14.17, MITT's dividend is way lower than its industry peers. On top of this 80.00% of the companies listed in the same industry pay a better dividend than MITT!
MITT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.37% |
5.2 History
The dividend of MITT decreases each year by -30.15%.
MITT has been paying a dividend for at least 10 years, so it has a reliable track record.
MITT has decreased its dividend recently.
Dividend Growth(5Y)-30.15%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
MITT pays out 102.21% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of MITT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP102.21%
EPS Next 2Y-8.37%
EPS Next 3Y-2.58%
6.9
+0.13 (+1.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners35.11%
Inst Owner Change0.63%
Ins Owners3.66%
Ins Owner Change6.19%
Market Cap204.65M
Analysts78.33
Price Target8.41 (21.88%)
Short Float %1.44%
Short Ratio1.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.37% |
Yearly Dividend1.26
Dividend Growth(5Y)-30.15%
DP102.21%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)110.71%
Min EPS beat(2)79.34%
Max EPS beat(2)142.07%
EPS beat(4)3
Avg EPS beat(4)90.42%
Min EPS beat(4)-107.6%
Max EPS beat(4)247.88%
EPS beat(8)5
Avg EPS beat(8)2.51%
EPS beat(12)6
Avg EPS beat(12)-599.72%
EPS beat(16)10
Avg EPS beat(16)-304.1%
Revenue beat(2)0
Avg Revenue beat(2)-9.5%
Min Revenue beat(2)-11.41%
Max Revenue beat(2)-7.59%
Revenue beat(4)1
Avg Revenue beat(4)-4.15%
Min Revenue beat(4)-11.41%
Max Revenue beat(4)8.09%
Revenue beat(8)1
Avg Revenue beat(8)-9.56%
Revenue beat(12)5
Avg Revenue beat(12)40.19%
Revenue beat(16)8
Avg Revenue beat(16)33.55%
PT rev (1m)-3.51%
PT rev (3m)-1.2%
EPS NQ rev (1m)-13.27%
EPS NQ rev (3m)-17.07%
EPS NY rev (1m)-1.37%
EPS NY rev (3m)-3.24%
Revenue NQ rev (1m)2.41%
Revenue NQ rev (3m)-6.3%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-7.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.84 | ||
| Fwd PE | 6.68 | ||
| P/S | 0.5 | ||
| P/FCF | 3.67 | ||
| P/OCF | 3.67 | ||
| P/B | 0.38 | ||
| P/tB | 0.38 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.88
EY12.75%
EPS(NY)1.03
Fwd EY14.97%
FCF(TTM)1.88
FCFY27.28%
OCF(TTM)1.88
OCFY27.28%
SpS13.77
BVpS18.32
TBVpS18.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.53% | ||
| ROE | 6.7% | ||
| ROCE | 0.56% | ||
| ROIC | 0.39% | ||
| ROICexc | 0.4% | ||
| ROICexgc | 0.4% | ||
| OM | 8.35% | ||
| PM (TTM) | 8.91% | ||
| GM | 12.45% | ||
| FCFM | 13.67% |
ROA(3y)-0.18%
ROA(5y)-5.75%
ROE(3y)-0.68%
ROE(5y)-18.43%
ROIC(3y)0.43%
ROIC(5y)0.52%
ROICexc(3y)0.44%
ROICexc(5y)0.54%
ROICexgc(3y)0.44%
ROICexgc(5y)0.54%
ROCE(3y)0.62%
ROCE(5y)0.94%
ROICexcg growth 3Y-6.27%
ROICexcg growth 5Y-16.26%
ROICexc growth 3Y-6.26%
ROICexc growth 5Y-16.25%
OM growth 3Y-33.53%
OM growth 5Y-22.66%
PM growth 3Y-58.15%
PM growth 5Y-27.59%
GM growth 3Y-35.88%
GM growth 5Y-21.14%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 11.65 | ||
| Debt/FCF | 113.36 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 153.47% | ||
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 | ||
| Altman-Z | -0.12 |
F-Score5
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)109.52%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%-63.64%
EPS Next Y-28.19%
EPS Next 2Y-8.37%
EPS Next 3Y-2.58%
EPS Next 5YN/A
Revenue 1Y (TTM)56.91%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.73%
Revenue Next Year12.08%
Revenue Next 2Y9.99%
Revenue Next 3Y8.88%
Revenue Next 5YN/A
EBIT growth 1Y68.64%
EBIT growth 3Y19.27%
EBIT growth 5Y-8.02%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y98.48%
FCF growth 3Y28.53%
FCF growth 5Y-3.05%
OCF growth 1Y98.48%
OCF growth 3Y28.53%
OCF growth 5Y-3.05%