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

NYSE:TWOD • US90187B8871

Current stock price

25.75 USD
+0.07 (+0.27%)
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.
  • The reported net income has been mixed in the past 5 years: TWOD reported negative net income in multiple years.
  • TWOD had a positive operating cash flow in each of the past 5 years.
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

  • The Return On Assets of TWOD (-4.68%) is worse than 97.06% of its industry peers.
  • TWOD's Return On Equity of -28.44% is on the low side compared to the rest of the industry. TWOD is outperformed by 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

  • The Gross Margin of TWOD (18.58%) is worse 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

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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.
  • The debt/assets ratio for TWOD is higher compared to a year ago.
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

  • TWOD has an Altman-Z score of -1.16. This is a bad value and indicates that TWOD is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -1.16, TWOD is not doing good in the industry: 94.12% of the companies in the same industry are doing better.
  • TWOD has a debt to FCF ratio of 96.24. This is a negative value and a sign of low solvency as TWOD would need 96.24 years to pay back of 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 63.24% 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.
  • With a Debt to Equity ratio value of 4.79, TWOD perfoms like the industry average, outperforming 54.41% of the companies in the same 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

  • TWOD has a Current 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 Current ratio of 0.16. This is comparable 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 (0.16) which is in line with 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

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

5

3. TWOD Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 107.27% over the past year.
  • The earnings per share for TWOD have been decreasing by -18.24% on average. This is quite bad
  • TWOD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -60.58%.
  • 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

  • The Earnings Per Share is expected to grow by 8.55% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 10.63% on average over the next years. This is quite good.
EPS Next Y-6.97%
EPS Next 2Y8.55%
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
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

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Find the best growth stocksShow best growing peers

2

4. TWOD Valuation Analysis

4.1 Price/Earnings Ratio

  • TWOD is valuated rather expensively with a Price/Earnings ratio of 22.59.
  • TWOD's Price/Earnings ratio is in line with the industry average.
  • TWOD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.87.
  • TWOD is valuated rather expensively with a Price/Forward Earnings ratio of 24.28.
  • Based on the Price/Forward Earnings ratio, TWOD is valued a bit more expensive than the industry average as 72.06% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.51, TWOD is valued a bit cheaper.
Industry RankSector Rank
PE 22.59
Fwd PE 24.28
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

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TWOD is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 30.38
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.55%
EPS Next 3YN/A

More info and screens

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

3

5. TWOD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 12.67%, TWOD is a good candidate for dividend investing.
  • TWOD's Dividend Yield is comparable with the industry average which is at 12.74.
  • TWOD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 12.67%

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 Years0
Div Non Decr Years0

5.3 Sustainability

  • TWOD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-43.74%
EPS Next 2Y8.55%
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

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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 (4/17/2026, 8:04:00 PM)

25.75

+0.07 (+0.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-02
Earnings (Next)04-28
Inst Owners73.99%
Inst Owner ChangeN/A
Ins Owners0.99%
Ins Owner ChangeN/A
Market Cap2.70B
Revenue(TTM)618.61M
Net Income(TTM)-508.40M
Analysts52.5
Price Target27.62 (7.26%)
Short Float %0%
Short Ratio0.09
Dividend
Industry RankSector Rank
Dividend Yield 12.67%
Yearly Dividend2.13
Dividend Growth(5Y)-12.03%
DP-43.74%
Div Incr Years0
Div Non Decr Years0
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)-8.85%
PT rev (3m)17.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.39%
EPS NY rev (1m)-10.56%
EPS NY rev (3m)-26.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)15.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.85%
Valuation
Industry RankSector Rank
PE 22.59
Fwd PE 24.28
P/S 4.37
P/FCF 30.38
P/OCF 30.38
P/B 1.51
P/tB 1.51
EV/EBITDA N/A
EPS(TTM)1.14
EY4.43%
EPS(NY)1.06
Fwd EY4.12%
FCF(TTM)0.85
FCFY3.29%
OCF(TTM)0.85
OCFY3.29%
SpS5.9
BVpS17.05
TBVpS17.05
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.9099 (-18.8%)
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 Y-6.97%
EPS Next 2Y8.55%
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 2 / 10 to TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD). This can be considered as Overvalued.


Can you provide the profitability details for TWO HARBORS INV CORP - TWO 9 3/8 08/15/30?

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


What is the valuation of TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TWO HARBORS INV CORP - TWO 9 3/8 08/15/30 (TWOD) is 22.59 and the Price/Book (PB) ratio is 1.51.


Can you provide the financial health for TWOD stock?

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