TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) Fundamental Analysis & Valuation

NYSE:TWOD • US90187B8871

Current stock price

25.33 USD
+0.07 (+0.28%)
Last:

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

2

1. TWOD Profitability Analysis

1.1 Basic Checks

  • In the past year TWOD was profitable.
  • TWOD had a positive operating cash flow in the past year.
  • In multiple years TWOD reported negative net income over the last 5 years.
  • In the past 5 years TWOD always reported a positive cash flow from operatings.
TWOD Yearly Net Income VS EBIT VS OCF VS FCFTWOD 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 500M -500M 1B -1B -1.5B

1.2 Ratios

  • TWOD has a worse Return On Assets (-4.68%) than 97.06% of its industry peers.
  • The Return On Equity of TWOD (-28.44%) is worse than 97.06% of its industry peers.
Industry RankSector Rank
ROA -4.68%
ROE -28.44%
ROIC N/A
ROA(3y)-1.27%
ROA(5y)-0.27%
ROE(3y)-7.87%
ROE(5y)-2.09%
ROIC(3y)N/A
ROIC(5y)N/A
TWOD Yearly ROA, ROE, ROICTWOD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40

1.3 Margins

  • TWOD has a worse Gross Margin (18.58%) than 76.47% of its industry peers.
  • In the last couple of years the Gross Margin of TWOD has declined.
  • The Profit Margin and Operating Margin are not available for TWOD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 18.58%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-29.82%
GM growth 5Y-32.85%
TWOD Yearly Profit, Operating, Gross MarginsTWOD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 150

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. TWOD Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for TWOD has been increased compared to 1 year ago.
  • The number of shares outstanding for TWOD has been increased compared to 5 years ago.
  • TWOD has a worse debt/assets ratio than last year.
TWOD Yearly Shares OutstandingTWOD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
TWOD Yearly Total Debt VS Total AssetsTWOD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of -1.16, we must say that TWOD is in the distress zone and has some risk of bankruptcy.
  • TWOD has a worse Altman-Z score (-1.16) than 94.12% of its industry peers.
  • The Debt to FCF ratio of TWOD is 96.24, which is on the high side as it means it would take TWOD, 96.24 years of fcf income to pay off all of its debts.
  • TWOD has a Debt to FCF ratio of 96.24. This is in the better half of the industry: TWOD outperforms 61.76% of its industry peers.
  • TWOD has a Debt/Equity ratio of 4.79. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of TWOD (4.79) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 4.79
Debt/FCF 96.24
Altman-Z -1.16
ROIC/WACCN/A
WACCN/A
TWOD Yearly LT Debt VS Equity VS FCFTWOD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.16 indicates that TWOD may have some problems paying its short term obligations.
  • TWOD's Current ratio of 0.16 is in line compared to the rest of the industry. TWOD outperforms 57.35% of its industry peers.
  • TWOD has a Quick Ratio of 0.16. This is a bad value and indicates that TWOD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TWOD has a Quick ratio of 0.16. This is comparable to the rest of the industry: TWOD outperforms 57.35% of its industry peers.
Industry RankSector Rank
Current Ratio 0.16
Quick Ratio 0.16
TWOD Yearly Current Assets VS Current LiabilitesTWOD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

More info and screens

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

5

3. TWOD Growth Analysis

3.1 Past

  • TWOD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 107.27%, which is quite impressive.
  • Measured over the past years, TWOD shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.24% on average per year.
  • The Revenue for TWOD has decreased by -60.58% in the past year. This is quite bad
  • The Revenue has been decreasing by -6.73% on average over the past years.
EPS 1Y (TTM)107.27%
EPS 3Y-23.03%
EPS 5Y-18.24%
EPS Q2Q%30%
Revenue 1Y (TTM)-60.58%
Revenue growth 3Y-6.73%
Revenue growth 5YN/A
Sales Q2Q%55.61%

3.2 Future

  • Based on estimates for the next years, TWOD will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.17% on average per year.
  • TWOD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.63% yearly.
EPS Next Y4.01%
EPS Next 2Y10.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year22.65%
Revenue Next 2Y10.63%
Revenue Next 3YN/A
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TWOD Yearly Revenue VS EstimatesTWOD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 500M -500M 1B -1B
TWOD Yearly EPS VS EstimatesTWOD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8

More info and screens

Find the best growth stocksShow best growing peers

1

4. TWOD Valuation Analysis

4.1 Price/Earnings Ratio

  • TWOD is valuated rather expensively with a Price/Earnings ratio of 22.22.
  • TWOD's Price/Earnings is on the same level as the industry average.
  • TWOD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.23.
  • With a Price/Forward Earnings ratio of 21.36, TWOD is valued on the expensive side.
  • TWOD's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. TWOD is more expensive than 69.12% of the companies in the same industry.
  • TWOD's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.28.
Industry RankSector Rank
PE 22.22
Fwd PE 21.36
TWOD Price Earnings VS Forward Price EarningsTWOD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • TWOD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 29.92
EV/EBITDA N/A
TWOD Per share dataTWOD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)5.54
PEG (5Y)N/A
EPS Next 2Y10.17%
EPS Next 3YN/A

More info and screens

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

4

5. TWOD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 14.11%, TWOD is a good candidate for dividend investing.
  • TWOD's Dividend Yield is rather good when compared to the industry average which is at 11.50. TWOD pays more dividend than 80.88% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, TWOD pays a better dividend.
Industry RankSector Rank
Dividend Yield 14.11%

5.2 History

  • The dividend of TWOD decreases each year by -12.03%.
  • TWOD does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)-12.03%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

  • The earnings of TWOD are negative and hence is the payout ratio. TWOD will probably not be able to sustain this dividend level.
DP-43.74%
EPS Next 2Y10.17%
EPS Next 3YN/A
TWOD Yearly Income VS Free CF VS DividendTWOD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B -1.5B

More info and screens

Find the best dividend stocksShow peers with best dividend

TWOD Fundamentals: All Metrics, Ratios and Statistics

TWO HARBORS INV CORP - TWO 9 3/8 08/15/30

NYSE:TWOD (3/20/2026, 8:26:14 PM)

25.33

+0.07 (+0.28%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-02
Earnings (Next)04-27
Inst Owners73.77%
Inst Owner ChangeN/A
Ins Owners1.04%
Ins Owner ChangeN/A
Market Cap2.66B
Revenue(TTM)618.61M
Net Income(TTM)-508.40M
Analysts69.23
Price Target30.3 (19.62%)
Short Float %0%
Short Ratio0.17
Dividend
Industry RankSector Rank
Dividend Yield 14.11%
Yearly Dividend2.13
Dividend Growth(5Y)-12.03%
DP-43.74%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.05%
Min EPS beat(2)-30.43%
Max EPS beat(2)-1.67%
EPS beat(4)0
Avg EPS beat(4)-23.3%
Min EPS beat(4)-37.05%
Max EPS beat(4)-1.67%
EPS beat(8)0
Avg EPS beat(8)-40.96%
EPS beat(12)0
Avg EPS beat(12)-60.16%
EPS beat(16)1
Avg EPS beat(16)-48.82%
Revenue beat(2)2
Avg Revenue beat(2)6.56%
Min Revenue beat(2)5.25%
Max Revenue beat(2)7.87%
Revenue beat(4)4
Avg Revenue beat(4)16.61%
Min Revenue beat(4)5.25%
Max Revenue beat(4)33.5%
Revenue beat(8)6
Avg Revenue beat(8)635.39%
Revenue beat(12)9
Avg Revenue beat(12)44180.2%
Revenue beat(16)12
Avg Revenue beat(16)33391.8%
PT rev (1m)16.35%
PT rev (3m)8.26%
EPS NQ rev (1m)-8.05%
EPS NQ rev (3m)-18.61%
EPS NY rev (1m)-16.4%
EPS NY rev (3m)-16.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)29.05%
Revenue NY rev (1m)15.22%
Revenue NY rev (3m)15.81%
Valuation
Industry RankSector Rank
PE 22.22
Fwd PE 21.36
P/S 4.3
P/FCF 29.92
P/OCF 29.92
P/B 1.49
P/tB 1.49
EV/EBITDA N/A
EPS(TTM)1.14
EY4.5%
EPS(NY)1.19
Fwd EY4.68%
FCF(TTM)0.85
FCFY3.34%
OCF(TTM)0.85
OCFY3.34%
SpS5.89
BVpS17.02
TBVpS17.02
PEG (NY)5.54
PEG (5Y)N/A
Graham Number20.89
Profitability
Industry RankSector Rank
ROA -4.68%
ROE -28.44%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 18.58%
FCFM 14.37%
ROA(3y)-1.27%
ROA(5y)-0.27%
ROE(3y)-7.87%
ROE(5y)-2.09%
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 3YN/A
ROICexgc 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-29.82%
GM growth 5Y-32.85%
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 4.79
Debt/FCF 96.24
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.16
Quick Ratio 0.16
Altman-Z -1.16
F-Score4
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)107.27%
EPS 3Y-23.03%
EPS 5Y-18.24%
EPS Q2Q%30%
EPS Next Y4.01%
EPS Next 2Y10.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-60.58%
Revenue growth 3Y-6.73%
Revenue growth 5YN/A
Sales Q2Q%55.61%
Revenue Next Year22.65%
Revenue Next 2Y10.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-146.05%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-55.76%
FCF growth 3Y-47.75%
FCF growth 5Y-32.44%
OCF growth 1Y-55.76%
OCF growth 3Y-47.75%
OCF growth 5Y-32.44%

TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 / TWOD Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TWO HARBORS INV CORP - TWO 9 3/8 08/15/30?

ChartMill assigns a fundamental rating of 3 / 10 to TWOD.


What is the valuation status of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

ChartMill assigns a valuation rating of 1 / 10 to TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD). This can be considered as Overvalued.


How profitable is TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) has a profitability rating of 2 / 10.


What is the financial health of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

The financial health rating of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) is 2 / 10.


How sustainable is the dividend of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) stock?

The dividend rating of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) is 3 / 10 and the dividend payout ratio is -43.74%.