ANNALY CAPITAL MANAGEMENT IN (NLY) Fundamental Analysis & Valuation

NYSE:NLY • US0357108390

Current stock price

22.78 USD
+0.35 (+1.56%)
Last:

This NLY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. NLY Profitability Analysis

1.1 Basic Checks

  • NLY had positive earnings in the past year.
  • NLY had a positive operating cash flow in the past year.
  • NLY had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years NLY had a positive operating cash flow.
NLY Yearly Net Income VS EBIT VS OCF VS FCFNLY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.38%, NLY belongs to the top of the industry, outperforming 89.71% of the companies in the same industry.
  • NLY has a Return On Equity of 11.62%. This is amongst the best in the industry. NLY outperforms 82.35% of its industry peers.
  • The Return On Invested Capital of NLY (1.22%) is better than 88.24% of its industry peers.
Industry RankSector Rank
ROA 1.38%
ROE 11.62%
ROIC 1.22%
ROA(3y)0.09%
ROA(5y)1.05%
ROE(3y)0.83%
ROE(5y)6.83%
ROIC(3y)N/A
ROIC(5y)N/A
NLY Yearly ROA, ROE, ROICNLY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10

1.3 Margins

  • The Profit Margin of NLY (26.22%) is better than 76.47% of its industry peers.
  • NLY's Profit Margin has declined in the last couple of years.
  • NLY has a better Operating Margin (28.69%) than 75.00% of its industry peers.
  • NLY's Operating Margin has declined in the last couple of years.
  • NLY's Gross Margin of 31.49% is in line compared to the rest of the industry. NLY outperforms 42.65% of its industry peers.
  • In the last couple of years the Gross Margin of NLY has declined.
Industry RankSector Rank
OM 28.69%
PM (TTM) 26.22%
GM 31.49%
OM growth 3Y-19.76%
OM growth 5YN/A
PM growth 3Y-19.07%
PM growth 5YN/A
GM growth 3Y-19.28%
GM growth 5YN/A
NLY Yearly Profit, Operating, Gross MarginsNLY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NLY Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NLY is destroying value.
  • NLY has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NLY has more shares outstanding
  • Compared to 1 year ago, NLY has an improved debt to assets ratio.
NLY Yearly Shares OutstandingNLY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
NLY Yearly Total Debt VS Total AssetsNLY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • Based on the Altman-Z score of -0.70, we must say that NLY is in the distress zone and has some risk of bankruptcy.
  • NLY has a worse Altman-Z score (-0.70) than 73.53% of its industry peers.
  • NLY has a Debt/Equity ratio of 7.22. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of NLY (7.22) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 7.22
Debt/FCF N/A
Altman-Z -0.7
ROIC/WACC0.29
WACC4.22%
NLY Yearly LT Debt VS Equity VS FCFNLY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.03 indicates that NLY may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.03, NLY is doing worse than 85.29% of the companies in the same industry.
  • A Quick Ratio of 0.03 indicates that NLY may have some problems paying its short term obligations.
  • NLY's Quick ratio of 0.03 is on the low side compared to the rest of the industry. NLY is outperformed by 85.29% of its industry peers.
Industry RankSector Rank
Current Ratio 0.03
Quick Ratio 0.03
NLY Yearly Current Assets VS Current LiabilitesNLY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. NLY Growth Analysis

3.1 Past

  • NLY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.47%.
  • Measured over the past years, NLY shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.87% on average per year.
  • Looking at the last year, NLY shows a very strong growth in Revenue. The Revenue has grown by 35.11%.
  • The Revenue has been growing by 82.65% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)6.47%
EPS 3Y-11.9%
EPS 5Y-7.87%
EPS Q2Q%5.56%
Revenue 1Y (TTM)35.11%
Revenue growth 3Y29.74%
Revenue growth 5Y82.65%
Sales Q2Q%-65.63%

3.2 Future

  • Based on estimates for the next years, NLY will show a small growth in Earnings Per Share. The EPS will grow by 0.98% on average per year.
  • NLY is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.58% yearly.
EPS Next Y4.43%
EPS Next 2Y1.11%
EPS Next 3Y0.98%
EPS Next 5YN/A
Revenue Next Year20.28%
Revenue Next 2Y10.98%
Revenue Next 3Y14.58%
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.
NLY Yearly Revenue VS EstimatesNLY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B 8B
NLY Yearly EPS VS EstimatesNLY Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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Find the best growth stocksShow best growing peers

6

4. NLY Valuation Analysis

4.1 Price/Earnings Ratio

  • NLY is valuated cheaply with a Price/Earnings ratio of 7.70.
  • Compared to the rest of the industry, the Price/Earnings ratio of NLY indicates a rather cheap valuation: NLY is cheaper than 83.82% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of NLY to the average of the S&P500 Index (27.47), we can say NLY is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 7.63, the valuation of NLY can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NLY indicates a somewhat cheap valuation: NLY is cheaper than 77.94% of the companies listed in the same industry.
  • NLY's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.62.
Industry RankSector Rank
PE 7.7
Fwd PE 7.63
NLY Price Earnings VS Forward Price EarningsNLY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • NLY's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NLY is cheaper than 95.59% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.26
NLY Per share dataNLY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NLY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.74
PEG (5Y)N/A
EPS Next 2Y1.11%
EPS Next 3Y0.98%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. NLY Dividend Analysis

5.1 Amount

  • NLY has a Yearly Dividend Yield of 12.48%, which is a nice return.
  • Compared to an average industry Dividend Yield of 12.67, NLY has a dividend in line with its industry peers.
  • NLY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 12.48%

5.2 History

  • The dividend of NLY decreases each year by -6.82%.
  • NLY has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of NLY decreased in the last 3 years.
Dividend Growth(5Y)-6.82%
Div Incr Years1
Div Non Decr Years2
NLY Yearly Dividends per shareNLY Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

5.3 Sustainability

  • 100.69% of the earnings are spent on dividend by NLY. This is not a sustainable payout ratio.
DP100.69%
EPS Next 2Y1.11%
EPS Next 3Y0.98%
NLY Yearly Income VS Free CF VS DividendNLY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
NLY Dividend Payout.NLY Dividend Payout, showing the Payout Ratio.NLY Dividend Payout.PayoutRetained Earnings

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NLY Fundamentals: All Metrics, Ratios and Statistics

ANNALY CAPITAL MANAGEMENT IN

NYSE:NLY (4/24/2026, 11:47:03 AM)

22.78

+0.35 (+1.56%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)04-21
Earnings (Next)07-21
Inst Owners60.58%
Inst Owner Change-0.06%
Ins Owners0.09%
Ins Owner Change1.54%
Market Cap16.36B
Revenue(TTM)7.46B
Net Income(TTM)1.87B
Analysts78.82
Price Target24.58 (7.9%)
Short Float %3.02%
Short Ratio2.61
Dividend
Industry RankSector Rank
Dividend Yield 12.48%
Yearly Dividend2.93
Dividend Growth(5Y)-6.82%
DP100.69%
Div Incr Years1
Div Non Decr Years2
Ex-Date03-31
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.18%
Min EPS beat(2)0.16%
Max EPS beat(2)0.2%
EPS beat(4)4
Avg EPS beat(4)0.82%
Min EPS beat(4)0.16%
Max EPS beat(4)2.14%
EPS beat(8)6
Avg EPS beat(8)1.21%
EPS beat(12)8
Avg EPS beat(12)0.79%
EPS beat(16)11
Avg EPS beat(16)3.32%
Revenue beat(2)2
Avg Revenue beat(2)35.72%
Min Revenue beat(2)9.78%
Max Revenue beat(2)61.67%
Revenue beat(4)4
Avg Revenue beat(4)19.82%
Min Revenue beat(4)0.08%
Max Revenue beat(4)61.67%
Revenue beat(8)8
Avg Revenue beat(8)13.24%
Revenue beat(12)10
Avg Revenue beat(12)9.08%
Revenue beat(16)12
Avg Revenue beat(16)26.14%
PT rev (1m)-1.23%
PT rev (3m)5.72%
EPS NQ rev (1m)0.83%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0.94%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)12.18%
Valuation
Industry RankSector Rank
PE 7.7
Fwd PE 7.63
P/S 2.3
P/FCF N/A
P/OCF 23.62
P/B 1.02
P/tB 1.02
EV/EBITDA 22.26
EPS(TTM)2.96
EY12.99%
EPS(NY)2.99
Fwd EY13.1%
FCF(TTM)-0.26
FCFYN/A
OCF(TTM)0.96
OCFY4.23%
SpS9.92
BVpS22.4
TBVpS22.39
PEG (NY)1.74
PEG (5Y)N/A
Graham Number38.6229 (69.55%)
Profitability
Industry RankSector Rank
ROA 1.38%
ROE 11.62%
ROCE 4.2%
ROIC 1.22%
ROICexc 1.24%
ROICexgc 1.24%
OM 28.69%
PM (TTM) 26.22%
GM 31.49%
FCFM N/A
ROA(3y)0.09%
ROA(5y)1.05%
ROE(3y)0.83%
ROE(5y)6.83%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-12.29%
ROICexgc growth 5YN/A
ROICexc growth 3Y-12.19%
ROICexc growth 5YN/A
OM growth 3Y-19.76%
OM growth 5YN/A
PM growth 3Y-19.07%
PM growth 5YN/A
GM growth 3Y-19.28%
GM growth 5YN/A
F-Score4
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 7.22
Debt/FCF N/A
Debt/EBITDA 55.89
Cap/Depr 2593.82%
Cap/Sales 12.38%
Interest Coverage 0.59
Cash Conversion 33.33%
Profit Quality N/A
Current Ratio 0.03
Quick Ratio 0.03
Altman-Z -0.7
F-Score4
WACC4.22%
ROIC/WACC0.29
Cap/Depr(3y)2345.59%
Cap/Depr(5y)2748.31%
Cap/Sales(3y)14.47%
Cap/Sales(5y)18.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.47%
EPS 3Y-11.9%
EPS 5Y-7.87%
EPS Q2Q%5.56%
EPS Next Y4.43%
EPS Next 2Y1.11%
EPS Next 3Y0.98%
EPS Next 5YN/A
Revenue 1Y (TTM)35.11%
Revenue growth 3Y29.74%
Revenue growth 5Y82.65%
Sales Q2Q%-65.63%
Revenue Next Year20.28%
Revenue Next 2Y10.98%
Revenue Next 3Y14.58%
Revenue Next 5YN/A
EBIT growth 1Y99.1%
EBIT growth 3Y4.11%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-107.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-79.07%
OCF growth 3Y-49.47%
OCF growth 5Y5.59%

ANNALY CAPITAL MANAGEMENT IN / NLY Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ANNALY CAPITAL MANAGEMENT IN (NLY) stock?

ChartMill assigns a fundamental rating of 4 / 10 to NLY.


What is the valuation status of ANNALY CAPITAL MANAGEMENT IN (NLY) stock?

ChartMill assigns a valuation rating of 6 / 10 to ANNALY CAPITAL MANAGEMENT IN (NLY). This can be considered as Fairly Valued.


What is the profitability of NLY stock?

ANNALY CAPITAL MANAGEMENT IN (NLY) has a profitability rating of 6 / 10.


What is the expected EPS growth for ANNALY CAPITAL MANAGEMENT IN (NLY) stock?

The Earnings per Share (EPS) of ANNALY CAPITAL MANAGEMENT IN (NLY) is expected to grow by 4.43% in the next year.


How sustainable is the dividend of ANNALY CAPITAL MANAGEMENT IN (NLY) stock?

The dividend rating of ANNALY CAPITAL MANAGEMENT IN (NLY) is 4 / 10 and the dividend payout ratio is 100.69%.