NEW YORK MORTGAGE TRUST INC (NYMT) Stock Fundamental Analysis
USA - NASDAQ:NYMT - US6496048405 - REIT
7.11 USD
-0.11 (-1.52%)
7.0625 USD
-0.05 (-0.67%)
We assign a fundamental rating of 4 out of 10 to NYMT. NYMT was compared to 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. NYMT may be in some trouble as it scores bad on both profitability and health. NYMT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
NYMT had positive earnings in the past year.
In the past year NYMT had a positive cash flow from operations.
NYMT had negative earnings in 4 of the past 5 years.
Each year in the past 5 years NYMT had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.16%, NYMT perfoms like the industry average, outperforming 47.76% of the companies in the same industry.
NYMT has a Return On Equity (1.26%) which is in line with its industry peers.
NYMT's Return On Invested Capital of 0.29% is in line compared to the rest of the industry. NYMT outperforms 41.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.16% | ||
| ROE | 1.26% | ||
| ROIC | 0.29% |
ROA(3y)-2.6%
ROA(5y)-2.47%
ROE(3y)-10.8%
ROE(5y)-8.12%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of NYMT (2.78%) is comparable to the rest of the industry.
Looking at the Operating Margin, with a value of 6.09%, NYMT is in line with its industry, outperforming 41.79% of the companies in the same industry.
NYMT has a Gross Margin of 31.90%. This is in the better half of the industry: NYMT outperforms 70.15% of its industry peers.
In the last couple of years the Gross Margin of NYMT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.09% | ||
| PM (TTM) | 2.78% | ||
| GM | 31.9% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-30.68%
GM growth 5Y-1.48%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NYMT is destroying value.
Compared to 1 year ago, NYMT has about the same amount of shares outstanding.
Compared to 5 years ago, NYMT has less shares outstanding
Compared to 1 year ago, NYMT has a worse debt to assets ratio.
2.2 Solvency
NYMT has an Altman-Z score of -0.61. This is a bad value and indicates that NYMT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NYMT (-0.61) is worse than 73.13% of its industry peers.
The Debt to FCF ratio of NYMT is 136.55, which is on the high side as it means it would take NYMT, 136.55 years of fcf income to pay off all of its debts.
NYMT has a Debt to FCF ratio (136.55) which is in line with its industry peers.
A Debt/Equity ratio of 6.46 is on the high side and indicates that NYMT has dependencies on debt financing.
The Debt to Equity ratio of NYMT (6.46) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.46 | ||
| Debt/FCF | 136.55 | ||
| Altman-Z | -0.61 |
ROIC/WACC0.05
WACC5.28%
2.3 Liquidity
A Current Ratio of 0.06 indicates that NYMT may have some problems paying its short term obligations.
NYMT has a Current ratio of 0.06. This is in the lower half of the industry: NYMT underperforms 64.18% of its industry peers.
NYMT has a Quick Ratio of 0.06. This is a bad value and indicates that NYMT is not financially healthy enough and could expect problems in meeting its short term obligations.
NYMT has a worse Quick ratio (0.06) than 64.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 |
3. Growth
3.1 Past
NYMT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 112.10%, which is quite impressive.
NYMT shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.19%.
Measured over the past years, NYMT shows a decrease in Revenue. The Revenue has been decreasing by -7.75% on average per year.
EPS 1Y (TTM)112.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.21%
Revenue 1Y (TTM)24.19%
Revenue growth 3Y11.51%
Revenue growth 5Y-7.75%
Sales Q2Q%91.38%
3.2 Future
The Earnings Per Share is expected to grow by 47.47% on average over the next years. This is a very strong growth
NYMT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 37.91% yearly.
EPS Next Y171.3%
EPS Next 2Y71.75%
EPS Next 3Y47.47%
EPS Next 5YN/A
Revenue Next Year96.58%
Revenue Next 2Y55.37%
Revenue Next 3Y37.91%
Revenue Next 5YN/A
3.3 Evolution
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 37.42, which means the current valuation is very expensive for NYMT.
Compared to the rest of the industry, the Price/Earnings ratio of NYMT indicates a slightly more expensive valuation: NYMT is more expensive than 67.16% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.76. NYMT is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 7.64, the valuation of NYMT can be described as very cheap.
NYMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NYMT is cheaper than 76.12% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NYMT to the average of the S&P500 Index (23.21), we can say NYMT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.42 | ||
| Fwd PE | 7.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NYMT is valued cheaply inside the industry as 80.60% of the companies are valued more expensively.
NYMT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NYMT is cheaper than 73.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.83 | ||
| EV/EBITDA | 69.15 |
4.3 Compensation for Growth
NYMT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NYMT's earnings are expected to grow with 47.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y71.75%
EPS Next 3Y47.47%
5. Dividend
5.1 Amount
NYMT has a Yearly Dividend Yield of 9.66%, which is a nice return.
Compared to an average industry Dividend Yield of 11.68, NYMT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, NYMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.66% |
5.2 History
On average, the dividend of NYMT grows each year by 8.89%, which is quite nice.
NYMT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.89%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NYMT pays out 667.71% of its income as dividend. This is not a sustainable payout ratio.
The dividend of NYMT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP667.71%
EPS Next 2Y71.75%
EPS Next 3Y47.47%
7.11
-0.11 (-1.52%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners57.82%
Inst Owner Change0.01%
Ins Owners7.09%
Ins Owner Change0.65%
Market Cap642.10M
Analysts76.67
Price Target7.91 (11.25%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.66% |
Yearly Dividend1.29
Dividend Growth(5Y)8.89%
DP667.71%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)70.74%
Min EPS beat(2)-117.99%
Max EPS beat(2)259.48%
EPS beat(4)2
Avg EPS beat(4)21.05%
Min EPS beat(4)-945.64%
Max EPS beat(4)888.35%
EPS beat(8)3
Avg EPS beat(8)-107.9%
EPS beat(12)4
Avg EPS beat(12)-574.51%
EPS beat(16)4
Avg EPS beat(16)-704.15%
Revenue beat(2)1
Avg Revenue beat(2)-0.85%
Min Revenue beat(2)-6.68%
Max Revenue beat(2)4.97%
Revenue beat(4)2
Avg Revenue beat(4)4.21%
Min Revenue beat(4)-7.56%
Max Revenue beat(4)26.08%
Revenue beat(8)2
Avg Revenue beat(8)-9.44%
Revenue beat(12)3
Avg Revenue beat(12)-2.13%
Revenue beat(16)6
Avg Revenue beat(16)10.98%
PT rev (1m)1.64%
PT rev (3m)2.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-15.41%
EPS NY rev (1m)-34.29%
EPS NY rev (3m)-25.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)10.33%
Revenue NY rev (1m)2.65%
Revenue NY rev (3m)2.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.42 | ||
| Fwd PE | 7.64 | ||
| P/S | 1.03 | ||
| P/FCF | 9.83 | ||
| P/OCF | 6.89 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 69.15 |
EPS(TTM)0.19
EY2.67%
EPS(NY)0.93
Fwd EY13.09%
FCF(TTM)0.72
FCFY10.17%
OCF(TTM)1.03
OCFY14.52%
SpS6.93
BVpS15.29
TBVpS15.29
PEG (NY)0.22
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.16% | ||
| ROE | 1.26% | ||
| ROCE | 0.69% | ||
| ROIC | 0.29% | ||
| ROICexc | 0.29% | ||
| ROICexgc | 0.29% | ||
| OM | 6.09% | ||
| PM (TTM) | 2.78% | ||
| GM | 31.9% | ||
| FCFM | 10.44% |
ROA(3y)-2.6%
ROA(5y)-2.47%
ROE(3y)-10.8%
ROE(5y)-8.12%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-30.68%
GM growth 5Y-1.48%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.46 | ||
| Debt/FCF | 136.55 | ||
| Debt/EBITDA | 137.29 | ||
| Cap/Depr | 104.07% | ||
| Cap/Sales | 4.46% | ||
| Interest Coverage | 0.1 | ||
| Cash Conversion | 143.54% | ||
| Profit Quality | 375.74% | ||
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 | ||
| Altman-Z | -0.61 |
F-Score5
WACC5.28%
ROIC/WACC0.05
Cap/Depr(3y)153.69%
Cap/Depr(5y)N/A
Cap/Sales(3y)61.91%
Cap/Sales(5y)40.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)112.1%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.21%
EPS Next Y171.3%
EPS Next 2Y71.75%
EPS Next 3Y47.47%
EPS Next 5YN/A
Revenue 1Y (TTM)24.19%
Revenue growth 3Y11.51%
Revenue growth 5Y-7.75%
Sales Q2Q%91.38%
Revenue Next Year96.58%
Revenue Next 2Y55.37%
Revenue Next 3Y37.91%
Revenue Next 5YN/A
EBIT growth 1Y211.43%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y197.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4384.46%
OCF growth 3Y-53.38%
OCF growth 5Y-16.71%