AG MORTGAGE INVESTMENT TRUST (MITT) Stock Fundamental Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
Overall MITT gets a fundamental rating of 4 out of 10. We evaluated MITT against 65 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.
In the past year MITT had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: MITT reported negative net income in multiple years.
In the past 5 years MITT always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.36%, MITT is in line with its industry, outperforming 55.38% of the companies in the same 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.
Looking at the Return On Invested Capital, with a value of 0.38%, MITT is in line with its industry, outperforming 41.54% of the companies in the same 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.
MITT has a Operating Margin (8.26%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of MITT has declined.
The Gross Margin of MITT (12.30%) is worse than 84.62% of its industry peers.
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.
The Altman-Z score of MITT (-0.12) is comparable to the rest of the 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 of 120.64. This is comparable to the rest of the industry: MITT outperforms 49.23% of its industry peers.
MITT has a Debt/Equity ratio of 12.39. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 12.39, MITT is doing worse than 90.77% of the companies in the same industry.
| 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.
MITT has a Current ratio (0.18) which is in line with its industry peers.
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.
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 111.90%, which is quite impressive.
MITT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -25.19% yearly.
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
The Earnings Per Share is expected to decrease by -2.58% on average over the next years.
The Revenue is expected to grow by 9.60% on average over the next years. This is quite good.
EPS Next Y-27.19%
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
EPS Next 5YN/A
Revenue Next Year20.54%
Revenue Next 2Y14.63%
Revenue Next 3Y9.6%
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.
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
With a Price/Earnings ratio of 8.93, the valuation of MITT can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of MITT indicates a somewhat cheap valuation: MITT is cheaper than 73.85% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. MITT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 7.89, the valuation of MITT can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MITT indicates a somewhat cheap valuation: MITT is cheaper than 69.23% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MITT to the average of the S&P500 Index (21.49), we can say MITT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.93 | ||
| Fwd PE | 7.89 |
4.2 Price Multiples
MITT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MITT is cheaper than 95.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.22 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MITT's earnings are expected to decrease with -2.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.10%, MITT is a good candidate for dividend investing.
MITT's Dividend Yield is slightly below the industry average, which is at 11.59.
Compared to an average S&P500 Dividend Yield of 2.43, MITT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.1% |
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
160.24% of the earnings are spent on dividend by MITT. 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-9.51%
EPS Next 3Y-2.58%
7.95
+0.13 (+1.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners35.61%
Inst Owner Change0.48%
Ins Owners3.12%
Ins Owner Change0.8%
Market Cap235.96M
Analysts78.33
Price Target8.52 (7.17%)
Short Float %1.31%
Short Ratio1.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.1% |
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)1.21%
PT rev (3m)0%
EPS NQ rev (1m)-4.89%
EPS NQ rev (3m)3.13%
EPS NY rev (1m)-3.52%
EPS NY rev (3m)-1.9%
Revenue NQ rev (1m)6.64%
Revenue NQ rev (3m)7.49%
Revenue NY rev (1m)5.19%
Revenue NY rev (3m)4.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.93 | ||
| Fwd PE | 7.89 | ||
| P/S | 0.56 | ||
| P/FCF | 4.22 | ||
| P/OCF | 4.22 | ||
| P/B | 0.43 | ||
| P/tB | 0.43 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.89
EY11.19%
EPS(NY)1.01
Fwd EY12.67%
FCF(TTM)1.88
FCFY23.68%
OCF(TTM)1.88
OCFY23.68%
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-27.19%
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
EPS Next 5YN/A
Revenue 1Y (TTM)41.58%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.72%
Revenue Next Year20.54%
Revenue Next 2Y14.63%
Revenue Next 3Y9.6%
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%