AG MORTGAGE INVESTMENT TRUST (MITT) Stock Fundamental Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
We assign a fundamental rating of 4 out of 10 to MITT. MITT was compared to 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of MITT have multiple concerns. MITT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
MITT had positive earnings in the past year.
MITT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MITT reported negative net income in multiple years.
Each year in the past 5 years MITT had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MITT (0.36%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 4.83%, MITT is in the better half of the industry, outperforming 75.38% of the companies in the same industry.
MITT has a Return On Invested Capital (0.38%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MITT is in line with the industry average of 1.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 4.83% | ||
| ROIC | 0.38% |
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
MITT's Profit Margin of 6.22% is in line compared to the rest of the industry. MITT outperforms 47.69% of its industry peers.
MITT's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 8.26%, MITT perfoms like the industry average, outperforming 44.62% of the companies in the same industry.
MITT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 12.30%, MITT is doing worse than 84.62% 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 | 8.26% | ||
| PM (TTM) | 6.22% | ||
| GM | 12.3% |
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
The number of shares outstanding for MITT has been increased compared to 1 year ago.
Compared to 5 years ago, MITT has more shares outstanding
The debt/assets ratio for MITT is higher compared to a year ago.
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.
Looking at the Altman-Z score, with a value of -0.12, MITT is in line with its industry, outperforming 49.23% of the companies in the same industry.
MITT has a debt to FCF ratio of 120.64. This is a negative value and a sign of low solvency as MITT would need 120.64 years to pay back of all of its debts.
MITT has a Debt to FCF ratio (120.64) which is comparable to the rest of the industry.
A Debt/Equity ratio of 12.39 is on the high side and indicates that MITT has dependencies on debt financing.
MITT has a worse Debt to Equity ratio (12.39) than 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.39 | ||
| Debt/FCF | 120.64 | ||
| Altman-Z | -0.12 |
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.
Looking at the Current ratio, with a value of 0.18, MITT is in line with its industry, outperforming 52.31% of the companies in the same industry.
A Quick Ratio of 0.18 indicates that MITT may have some problems paying its short term obligations.
MITT has a Quick ratio of 0.18. This is comparable to the rest of the industry: MITT outperforms 52.31% of its industry peers.
| 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 111.90%, which is quite impressive.
The earnings per share for MITT have been decreasing by -25.19% on average. This is quite bad
The Revenue has grown by 41.58% in the past year. This is a very strong growth!
Measured over the past years, MITT shows a quite strong growth in Revenue. The Revenue has been growing by 18.93% on average per year.
EPS 1Y (TTM)111.9%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%-61.82%
Revenue 1Y (TTM)41.58%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.72%
3.2 Future
MITT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.00% yearly.
The Revenue is expected to grow by 9.76% on average over the next years. This is quite good.
EPS Next Y-24.54%
EPS Next 2Y-5.8%
EPS Next 3Y-2%
EPS Next 5YN/A
Revenue Next Year14.58%
Revenue Next 2Y10.68%
Revenue Next 3Y9.76%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.24, which indicates a very decent valuation of MITT.
Compared to the rest of the industry, the Price/Earnings ratio of MITT indicates a somewhat cheap valuation: MITT is cheaper than 76.92% of the companies listed in the same industry.
MITT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.31.
With a Price/Forward Earnings ratio of 6.72, the valuation of MITT can be described as very cheap.
84.62% of the companies in the same industry are more expensive than MITT, based on the Price/Forward Earnings ratio.
MITT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.24 | ||
| Fwd PE | 6.72 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MITT is valued cheaply inside the industry as 93.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.89 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.8%
EPS Next 3Y-2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.95%, MITT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 14.00, MITT's dividend is way lower than its industry peers. On top of this 86.15% 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.95% |
5.2 History
The dividend of MITT decreases each year by -30.15%.
MITT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-30.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MITT pays out 160.24% of its income as dividend. This is not a sustainable payout ratio.
MITT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP160.24%
EPS Next 2Y-5.8%
EPS Next 3Y-2%
7.33
+0.09 (+1.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners35.11%
Inst Owner Change0.48%
Ins Owners3.66%
Ins Owner Change6.19%
Market Cap217.55M
Analysts78.33
Price Target8.41 (14.73%)
Short Float %1.42%
Short Ratio1.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.95% |
Yearly Dividend1.26
Dividend Growth(5Y)-30.15%
DP160.24%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)50.22%
Min EPS beat(2)21.11%
Max EPS beat(2)79.34%
EPS beat(4)3
Avg EPS beat(4)33.73%
Min EPS beat(4)-107.6%
Max EPS beat(4)142.07%
EPS beat(8)5
Avg EPS beat(8)-16.22%
EPS beat(12)7
Avg EPS beat(12)-562.59%
EPS beat(16)10
Avg EPS beat(16)-355.22%
Revenue beat(2)0
Avg Revenue beat(2)-5.45%
Min Revenue beat(2)-7.59%
Max Revenue beat(2)-3.31%
Revenue beat(4)0
Avg Revenue beat(4)-7%
Min Revenue beat(4)-11.41%
Max Revenue beat(4)-3.31%
Revenue beat(8)1
Avg Revenue beat(8)-7.01%
Revenue beat(12)4
Avg Revenue beat(12)35.84%
Revenue beat(16)8
Avg Revenue beat(16)33.42%
PT rev (1m)0%
PT rev (3m)-1.2%
EPS NQ rev (1m)8.43%
EPS NQ rev (3m)-1.1%
EPS NY rev (1m)5.08%
EPS NY rev (3m)1.68%
Revenue NQ rev (1m)0.79%
Revenue NQ rev (3m)-5.83%
Revenue NY rev (1m)2.24%
Revenue NY rev (3m)-4.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.24 | ||
| Fwd PE | 6.72 | ||
| P/S | 0.52 | ||
| P/FCF | 3.89 | ||
| P/OCF | 3.89 | ||
| P/B | 0.4 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.89
EY12.14%
EPS(NY)1.09
Fwd EY14.89%
FCF(TTM)1.88
FCFY25.68%
OCF(TTM)1.88
OCFY25.68%
SpS14.22
BVpS18.32
TBVpS18.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 4.83% | ||
| ROCE | 0.54% | ||
| ROIC | 0.38% | ||
| ROICexc | 0.38% | ||
| ROICexgc | 0.38% | ||
| OM | 8.26% | ||
| PM (TTM) | 6.22% | ||
| GM | 12.3% | ||
| FCFM | 13.24% |
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 | 12.39 | ||
| Debt/FCF | 120.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 212.79% | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| 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)111.9%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%-61.82%
EPS Next Y-24.54%
EPS Next 2Y-5.8%
EPS Next 3Y-2%
EPS Next 5YN/A
Revenue 1Y (TTM)41.58%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.72%
Revenue Next Year14.58%
Revenue Next 2Y10.68%
Revenue Next 3Y9.76%
Revenue Next 5YN/A
EBIT growth 1Y40.18%
EBIT growth 3Y19.27%
EBIT growth 5Y-8.02%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y128.02%
FCF growth 3Y28.53%
FCF growth 5Y-3.05%
OCF growth 1Y128.02%
OCF growth 3Y28.53%
OCF growth 5Y-3.05%