AGNC INVESTMENT CORP (AGNC)
US00123Q1040 - REIT
We assign a fundamental rating of 4 out of 10 to AGNC. AGNC was compared to 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While AGNC is still in line with the averages on profitability rating, there are concerns on its financial health. AGNC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
AGNC had positive earnings in the past year.
In the past year AGNC has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: AGNC reported negative net income in multiple years.
AGNC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
AGNC has a Return On Assets of 1.15%. This is in the better half of the industry: AGNC outperforms 76.56% of its industry peers.
AGNC has a better Return On Equity (10.63%) than 90.63% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.02%, AGNC is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.15% | ||
| ROE | 10.63% | ||
| ROIC | 1.02% |
ROA(3y)-0.5%
ROA(5y)-0.28%
ROE(3y)-3.25%
ROE(5y)-1.47%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AGNC has a better Profit Margin (24.93%) than 85.94% of its industry peers.
AGNC's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 28.02%, AGNC belongs to the best of the industry, outperforming 85.94% of the companies in the same industry.
AGNC's Operating Margin has declined in the last couple of years.
The Gross Margin of AGNC (30.60%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of AGNC has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.02% | ||
| PM (TTM) | 24.93% | ||
| GM | 30.6% |
OM growth 3YN/A
OM growth 5Y-7.87%
PM growth 3YN/A
PM growth 5Y-28.26%
GM growth 3YN/A
GM growth 5Y-9.55%
2. Health
2.1 Basic Checks
AGNC has more shares outstanding than it did 1 year ago.
AGNC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AGNC is higher compared to a year ago.
2.2 Solvency
AGNC has an Altman-Z score of -1.01. This is a bad value and indicates that AGNC is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AGNC (-1.01) is worse than 93.75% of its industry peers.
AGNC has a Debt/Equity ratio of 8.19. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 8.19, AGNC is doing worse than 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.19 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -1.01 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AGNC has a Current Ratio of 0.03. This is a bad value and indicates that AGNC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.03, AGNC is not doing good in the industry: 85.94% of the companies in the same industry are doing better.
AGNC has a Quick Ratio of 0.03. This is a bad value and indicates that AGNC is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AGNC (0.03) is worse than 85.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.03 | ||
| Quick Ratio | 0.03 |
3. Growth
3.1 Past
The earnings per share for AGNC have decreased strongly by -22.46% in the last year.
Measured over the past 5 years, AGNC shows a small growth in Earnings Per Share. The EPS has been growing by 2.03% on average per year.
The Revenue has grown by 76.69% in the past year. This is a very strong growth!
The Revenue has been growing by 12.60% on average over the past years. This is quite good.
EPS 1Y (TTM)-22.46%
EPS 3Y-1.12%
EPS 5Y2.03%
EPS Q2Q%-33.85%
Revenue 1Y (TTM)76.69%
Revenue growth 3Y71.75%
Revenue growth 5Y12.6%
Sales Q2Q%-20.75%
3.2 Future
AGNC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.54% yearly.
Based on estimates for the next years, AGNC will show a very strong growth in Revenue. The Revenue will grow by 173.43% on average per year.
EPS Next Y-23.1%
EPS Next 2Y-17.95%
EPS Next 3Y-13.54%
EPS Next 5YN/A
Revenue Next Year-16.49%
Revenue Next 2Y268.05%
Revenue Next 3Y173.43%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.42 indicates a rather cheap valuation of AGNC.
Based on the Price/Earnings ratio, AGNC is valued cheaper than 98.44% of the companies in the same industry.
When comparing the Price/Earnings ratio of AGNC to the average of the S&P500 Index (27.73), we can say AGNC is valued rather cheaply.
The Price/Forward Earnings ratio is 5.36, which indicates a rather cheap valuation of AGNC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AGNC indicates a rather cheap valuation: AGNC is cheaper than 92.19% of the companies listed in the same industry.
AGNC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.42 | ||
| Fwd PE | 5.36 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as AGNC's earnings are expected to decrease with -13.54% in the coming years.
PEG (NY)N/A
PEG (5Y)2.18
EPS Next 2Y-17.95%
EPS Next 3Y-13.54%
5. Dividend
5.1 Amount
AGNC has a Yearly Dividend Yield of 15.09%, which is a nice return.
Compared to an average industry Dividend Yield of 12.60, AGNC pays a better dividend. On top of this AGNC pays more dividend than 84.38% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.24, AGNC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.09% |
5.2 History
The dividend of AGNC decreases each year by -5.50%.
AGNC has been paying a dividend for at least 10 years, so it has a reliable track record.
AGNC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.5%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
113.55% of the earnings are spent on dividend by AGNC. This is not a sustainable payout ratio.
The Dividend Rate of AGNC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP113.55%
EPS Next 2Y-17.95%
EPS Next 3Y-13.54%
AGNC INVESTMENT CORP
NASDAQ:AGNC (12/20/2024, 8:00:00 PM)
After market: 9.49 +0.04 (+0.42%)9.45
+0.18 (+1.94%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners38.56%
Inst Owner Change17.59%
Ins Owners0.44%
Ins Owner Change-0.39%
Market Cap8.37B
Analysts78.1
Price Target10.73 (13.54%)
Short Float %5.37%
Short Ratio2.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.09% |
Dividend Growth(5Y)-5.5%
DP113.55%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.82%
Min EPS beat(2)-15.95%
Max EPS beat(2)-3.69%
EPS beat(4)0
Avg EPS beat(4)-5.35%
Min EPS beat(4)-15.95%
Max EPS beat(4)-0.83%
EPS beat(8)4
Avg EPS beat(8)0.3%
EPS beat(12)8
Avg EPS beat(12)6.74%
EPS beat(16)12
Avg EPS beat(16)8.75%
Revenue beat(2)0
Avg Revenue beat(2)-119.43%
Min Revenue beat(2)-133.13%
Max Revenue beat(2)-105.73%
Revenue beat(4)0
Avg Revenue beat(4)-113.43%
Min Revenue beat(4)-133.13%
Max Revenue beat(4)-105.73%
Revenue beat(8)1
Avg Revenue beat(8)-73.13%
Revenue beat(12)1
Avg Revenue beat(12)-114.54%
Revenue beat(16)3
Avg Revenue beat(16)-77.01%
PT rev (1m)-0.43%
PT rev (3m)2.43%
EPS NQ rev (1m)-0.72%
EPS NQ rev (3m)-18.21%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-51.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)51.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.42 | ||
| Fwd PE | 5.36 | ||
| P/S | 2.03 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.87 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.14
EY22.65%
EPS(NY)1.76
Fwd EY18.67%
FCF(TTM)-0.03
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS4.65
BVpS10.9
TBVpS10.31
PEG (NY)N/A
PEG (5Y)2.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.15% | ||
| ROE | 10.63% | ||
| ROCE | 11.37% | ||
| ROIC | 1.02% | ||
| ROICexc | 1.03% | ||
| ROICexgc | 1.04% | ||
| OM | 28.02% | ||
| PM (TTM) | 24.93% | ||
| GM | 30.6% | ||
| FCFM | N/A |
ROA(3y)-0.5%
ROA(5y)-0.28%
ROE(3y)-3.25%
ROE(5y)-1.47%
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 5Y13.34%
ROICexc growth 3YN/A
ROICexc growth 5Y12.98%
OM growth 3YN/A
OM growth 5Y-7.87%
PM growth 3YN/A
PM growth 5Y-28.26%
GM growth 3YN/A
GM growth 5Y-9.55%
F-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.19 | ||
| Debt/FCF | N/A | ||
| 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 | 0.03 | ||
| Quick Ratio | 0.03 | ||
| Altman-Z | -1.01 |
F-Score6
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)-22.46%
EPS 3Y-1.12%
EPS 5Y2.03%
EPS Q2Q%-33.85%
EPS Next Y-23.1%
EPS Next 2Y-17.95%
EPS Next 3Y-13.54%
EPS Next 5YN/A
Revenue 1Y (TTM)76.69%
Revenue growth 3Y71.75%
Revenue growth 5Y12.6%
Sales Q2Q%-20.75%
Revenue Next Year-16.49%
Revenue Next 2Y268.05%
Revenue Next 3Y173.43%
Revenue Next 5YN/A
EBIT growth 1Y279.28%
EBIT growth 3YN/A
EBIT growth 5Y3.74%
EBIT Next Year10.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-101.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-101.85%
OCF growth 3YN/A
OCF growth 5YN/A