AG MORTGAGE INVESTMENT TRUST (MITT)
US0012285013 - REIT
We assign a fundamental rating of 4 out of 10 to MITT. MITT was compared to 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. There are concerns on the financial health of MITT while its profitability can be described as average. MITT is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year MITT was profitable.
In the past year MITT had a positive cash flow from operations.
In multiple years MITT reported negative net income over the last 5 years.
Each year in the past 5 years MITT had a positive operating cash flow.
1.2 Ratios
MITT has a better Return On Assets (0.58%) than 62.50% of its industry peers.
MITT's Return On Equity of 6.71% is fine compared to the rest of the industry. MITT outperforms 79.69% of its industry peers.
MITT has a Return On Invested Capital of 0.26%. This is comparable to the rest of the industry: MITT outperforms 46.88% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MITT is in line with the industry average of 1.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.58% | ||
| ROE | 6.71% | ||
| ROIC | 0.26% |
ROA(3y)0.5%
ROA(5y)-5.5%
ROE(3y)2.11%
ROE(5y)-17.96%
ROIC(3y)0.46%
ROIC(5y)0.63%
1.3 Margins
MITT has a Profit Margin of 13.61%. This is comparable to the rest of the industry: MITT outperforms 59.38% of its industry peers.
MITT has a Operating Margin of 7.77%. This is comparable to the rest of the industry: MITT outperforms 48.44% of its industry peers.
In the last couple of years the Operating Margin of MITT has declined.
MITT has a Gross Margin of 13.71%. This is in the lower half of the industry: MITT underperforms 70.31% of its industry peers.
MITT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.77% | ||
| PM (TTM) | 13.61% | ||
| GM | 13.71% |
OM growth 3Y-26.02%
OM growth 5Y-27.23%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-28.72%
GM growth 5Y-22.35%
2. Health
2.1 Basic Checks
MITT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MITT has more shares outstanding
Compared to 1 year ago, MITT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.18, we must say that MITT is in the distress zone and has some risk of bankruptcy.
MITT has a Altman-Z score (-0.18) which is comparable to the rest of the industry.
MITT has a debt to FCF ratio of 197.78. This is a negative value and a sign of low solvency as MITT would need 197.78 years to pay back of all of its debts.
MITT has a worse Debt to FCF ratio (197.78) than 60.94% of its industry peers.
A Debt/Equity ratio of 10.53 is on the high side and indicates that MITT has dependencies on debt financing.
With a Debt to Equity ratio value of 10.53, MITT is not doing good in the industry: 92.19% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.53 | ||
| Debt/FCF | 197.79 | ||
| Altman-Z | -0.18 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.18 indicates that MITT may have some problems paying its short term obligations.
MITT has a Current ratio (0.18) which is in line with its industry peers.
A Quick Ratio of 0.18 indicates that MITT may have some problems paying its short term obligations.
The Quick ratio of MITT (0.18) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
MITT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 108.31%, which is quite impressive.
The earnings per share for MITT have been decreasing by -48.04% on average. This is quite bad
MITT shows a strong growth in Revenue. In the last year, the Revenue has grown by 44.38%.
Measured over the past years, MITT shows a quite strong growth in Revenue. The Revenue has been growing by 10.71% on average per year.
EPS 1Y (TTM)108.31%
EPS 3Y-54.93%
EPS 5Y-48.04%
EPS growth Q2Q-90.91%
Revenue 1Y (TTM)44.38%
Revenue growth 3Y51.75%
Revenue growth 5Y10.71%
Revenue growth Q2Q35.32%
3.2 Future
Based on estimates for the next years, MITT will show a very strong growth in Earnings Per Share. The EPS will grow by 72.13% on average per year.
Based on estimates for the next years, MITT will show a very strong growth in Revenue. The Revenue will grow by 22.03% on average per year.
EPS Next Y167.24%
EPS Next 2Y77.25%
EPS Next 3Y72.13%
EPS Next 5YN/A
Revenue Next Year24.11%
Revenue Next 2Y15.23%
Revenue Next 3Y22.03%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.60, which indicates a rather expensive current valuation of MITT.
MITT's Price/Earnings ratio is in line with the industry average.
MITT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.92.
Based on the Price/Forward Earnings ratio of 8.46, the valuation of MITT can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MITT indicates a somewhat cheap valuation: MITT is cheaper than 65.63% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, MITT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.6 | ||
| Fwd PE | 8.46 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MITT is valued a bit cheaper than the industry average as 79.69% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.91 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MITT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MITT's earnings are expected to grow with 72.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y77.25%
EPS Next 3Y72.13%
5. Dividend
5.1 Amount
MITT has a Yearly Dividend Yield of 13.09%, which is a nice return.
MITT's Dividend Yield is comparable with the industry average which is at 13.26.
MITT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.09% |
5.2 History
The dividend of MITT decreases each year by -27.89%.
MITT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-27.89%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MITT pays out 100.97% of its income as dividend. This is not a sustainable payout ratio.
DP100.97%
EPS Next 2Y77.25%
EPS Next 3Y72.13%
AG MORTGAGE INVESTMENT TRUST
NYSE:MITT (4/26/2024, 7:04:00 PM)
After market: 5.6 -0.05 (-0.88%)5.65
+0.14 (+2.54%)
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 Cap166.39M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.09% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
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EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.6 | ||
| Fwd PE | 8.46 | ||
| 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)0.14
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.58% | ||
| ROE | 6.71% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.77% | ||
| PM (TTM) | 13.61% | ||
| GM | 13.71% | ||
| 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 Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.53 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| 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)108.31%
EPS 3Y-54.93%
EPS 5Y
EPS growth Q2Q
EPS Next Y167.24%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)44.38%
Revenue growth 3Y51.75%
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
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