AG MORTGAGE INVESTMENT TRUST (MITT) Stock Fundamental Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
MITT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of MITT have multiple concerns. MITT has a correct valuation and a medium 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.
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
The Return On Assets of MITT (0.36%) is comparable to the rest of the industry.
With a decent Return On Equity value of 4.83%, MITT is doing good in the industry, outperforming 74.63% of the companies in the same industry.
MITT's Return On Invested Capital of 0.38% is in line compared to the rest of the industry. MITT outperforms 40.30% 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 1.41%.
| 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 has a Profit Margin (6.22%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MITT has declined.
MITT's Operating Margin of 8.26% is in line compared to the rest of the industry. MITT outperforms 43.28% of its industry peers.
In the last couple of years the Operating Margin of MITT has declined.
MITT has a worse Gross Margin (12.30%) than 85.07% of its industry peers.
MITT's Gross Margin has declined in the last couple of years.
| 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
Compared to 1 year ago, MITT has more shares outstanding
Compared to 5 years ago, MITT has more shares outstanding
MITT has a worse debt/assets ratio than last year.
2.2 Solvency
MITT has an Altman-Z score of -0.12. This is a bad value and indicates that MITT is not financially healthy and even has some risk of bankruptcy.
MITT's Altman-Z score of -0.12 is in line compared to the rest of the industry. MITT outperforms 50.75% of its industry peers.
The Debt to FCF ratio of MITT is 120.64, which is on the high side as it means it would take MITT, 120.64 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 120.64, MITT perfoms like the industry average, outperforming 49.25% of the companies in the same 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 Debt to Equity ratio of 12.39. This is amonst the worse of the industry: MITT underperforms 91.04% 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
MITT has a Current Ratio of 0.18. This is a bad value and indicates that MITT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of MITT (0.18) is comparable to the rest of the industry.
MITT has a Quick Ratio of 0.18. This is a bad value and indicates that MITT is not financially healthy enough and could expect problems in meeting its short term obligations.
MITT has a Quick ratio (0.18) which is in line with 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.
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.
Looking at the last year, MITT shows a very strong growth in Revenue. The Revenue has grown by 41.58%.
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 -0.86% yearly.
The Revenue is expected to grow by 10.08% on average over the next years. This is quite good.
EPS Next Y-27.19%
EPS Next 2Y-8.26%
EPS Next 3Y-0.86%
EPS Next 5YN/A
Revenue Next Year20.55%
Revenue Next 2Y14.92%
Revenue Next 3Y10.08%
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.71 indicates a reasonable 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 76.12% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.05, MITT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.49, the valuation of MITT can be described as very cheap.
Based on the Price/Forward Earnings ratio, MITT is valued a bit cheaper than 74.63% of the companies in the same industry.
MITT is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.71 | ||
| Fwd PE | 7.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MITT indicates a rather cheap valuation: MITT is cheaper than 95.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.12 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.26%
EPS Next 3Y-0.86%
5. Dividend
5.1 Amount
MITT has a Yearly Dividend Yield of 10.21%, which is a nice return.
MITT's Dividend Yield is comparable with the industry average which is at 11.20.
MITT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.21% |
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.
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.
The Dividend Rate of MITT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP160.24%
EPS Next 2Y-8.26%
EPS Next 3Y-0.86%
7.75
-0.04 (-0.51%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners35.61%
Inst Owner Change0.04%
Ins Owners3.12%
Ins Owner Change1.41%
Market Cap230.02M
Analysts78.33
Price Target8.72 (12.52%)
Short Float %2.07%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.21% |
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)2.4%
PT rev (3m)3.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.13%
EPS NY rev (1m)0%
EPS NY rev (3m)1.39%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)7.38%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)7.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.71 | ||
| Fwd PE | 7.49 | ||
| P/S | 0.55 | ||
| P/FCF | 4.12 | ||
| P/OCF | 4.12 | ||
| P/B | 0.42 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.89
EY11.48%
EPS(NY)1.04
Fwd EY13.36%
FCF(TTM)1.88
FCFY24.29%
OCF(TTM)1.88
OCFY24.29%
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-27.19%
EPS Next 2Y-8.26%
EPS Next 3Y-0.86%
EPS Next 5YN/A
Revenue 1Y (TTM)41.58%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.72%
Revenue Next Year20.55%
Revenue Next 2Y14.92%
Revenue Next 3Y10.08%
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%