GRANITE POINT MORTGAGE TRUST (GPMT) Stock Fundamental Analysis
NYSE:GPMT - New York Stock Exchange, Inc. - US38741L1070 - REIT - Currency: USD
Overall GPMT gets a fundamental rating of 2 out of 10. We evaluated GPMT against 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. GPMT may be in some trouble as it scores bad on both profitability and health. GPMT has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
GPMT had negative earnings in the past year.
GPMT had a positive operating cash flow in the past year.
GPMT had negative earnings in 4 of the past 5 years.
Of the past 5 years GPMT 4 years had a positive operating cash flow.
1.2 Ratios
GPMT has a worse Return On Assets (-8.52%) than 98.44% of its industry peers.
The Return On Equity of GPMT (-29.36%) is worse than 98.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.52% | ||
| ROE | -29.36% | ||
| ROIC | N/A |
ROA(3y)-4.93%
ROA(5y)-2.81%
ROE(3y)-16.81%
ROE(5y)-9.62%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Gross Margin value of 24.52%, GPMT is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of GPMT has declined.
GPMT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.52% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-20.83%
GM growth 5Y-9.66%
2. Health
2.1 Basic Checks
GPMT does not have a ROIC to compare to the WACC, probably because it is not profitable.
GPMT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GPMT has less shares outstanding
GPMT has a worse debt/assets ratio than last year.
2.2 Solvency
GPMT has an Altman-Z score of -0.75. This is a bad value and indicates that GPMT is not financially healthy and even has some risk of bankruptcy.
GPMT has a Altman-Z score of -0.75. This is in the lower half of the industry: GPMT underperforms 76.56% of its industry peers.
The Debt to FCF ratio of GPMT is 97.77, which is on the high side as it means it would take GPMT, 97.77 years of fcf income to pay off all of its debts.
GPMT has a Debt to FCF ratio (97.77) which is comparable to the rest of the industry.
GPMT has a Debt/Equity ratio of 2.41. This is a high value indicating a heavy dependency on external financing.
GPMT's Debt to Equity ratio of 2.41 is fine compared to the rest of the industry. GPMT outperforms 76.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.41 | ||
| Debt/FCF | 97.77 | ||
| Altman-Z | -0.75 |
ROIC/WACCN/A
WACC7.16%
2.3 Liquidity
GPMT has a Current Ratio of 0.17. This is a bad value and indicates that GPMT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.17, GPMT is in line with its industry, outperforming 48.44% of the companies in the same industry.
GPMT has a Quick Ratio of 0.17. This is a bad value and indicates that GPMT is not financially healthy enough and could expect problems in meeting its short term obligations.
GPMT's Quick ratio of 0.17 is in line compared to the rest of the industry. GPMT outperforms 48.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The earnings per share for GPMT have decreased strongly by -747.06% in the last year.
Looking at the last year, GPMT shows a very negative growth in Revenue. The Revenue has decreased by -26.87% in the last year.
GPMT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.67% yearly.
EPS 1Y (TTM)-747.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-280.77%
Revenue 1Y (TTM)-26.87%
Revenue growth 3Y-0.58%
Revenue growth 5Y-4.67%
Sales Q2Q%-56.32%
3.2 Future
Based on estimates for the next years, GPMT will show a very strong growth in Earnings Per Share. The EPS will grow by 42.23% on average per year.
The Revenue is expected to grow by 19.49% on average over the next years. This is quite good.
EPS Next Y30.23%
EPS Next 2Y42.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.43%
Revenue Next 2Y19.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
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
GPMT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year GPMT is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, GPMT is valued a bit cheaper than 71.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.72 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
GPMT's earnings are expected to grow with 42.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y42.23%
EPS Next 3YN/A
5. Dividend
5.1 Amount
GPMT has a Yearly Dividend Yield of 6.76%, which is a nice return.
With a Dividend Yield of 6.76, GPMT pays less dividend than the industry average, which is at 12.96. 96.88% of the companies listed in the same industry pay a better dividend than GPMT!
Compared to an average S&P500 Dividend Yield of 2.27, GPMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.76% |
5.2 History
The dividend of GPMT decreases each year by -6.78%.
GPMT has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-6.78%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of GPMT are negative and hence is the payout ratio. GPMT will probably not be able to sustain this dividend level.
DP-23.69%
EPS Next 2Y42.23%
EPS Next 3YN/A
2.87
-0.09 (-3.04%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners52.84%
Inst Owner Change-91.01%
Ins Owners2.56%
Ins Owner Change2.29%
Market Cap143.39M
Analysts78
Price Target3.6 (25.44%)
Short Float %1.76%
Short Ratio2.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.76% |
Yearly Dividend1.11
Dividend Growth(5Y)-6.78%
DP-23.69%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.28%
Min EPS beat(2)10.6%
Max EPS beat(2)15.97%
EPS beat(4)3
Avg EPS beat(4)-7.89%
Min EPS beat(4)-75.79%
Max EPS beat(4)17.65%
EPS beat(8)5
Avg EPS beat(8)-27.98%
EPS beat(12)7
Avg EPS beat(12)-19.19%
EPS beat(16)9
Avg EPS beat(16)-12.83%
Revenue beat(2)0
Avg Revenue beat(2)-32.19%
Min Revenue beat(2)-35.23%
Max Revenue beat(2)-29.15%
Revenue beat(4)0
Avg Revenue beat(4)-24.37%
Min Revenue beat(4)-35.23%
Max Revenue beat(4)-13.53%
Revenue beat(8)4
Avg Revenue beat(8)15.48%
Revenue beat(12)8
Avg Revenue beat(12)52.84%
Revenue beat(16)12
Avg Revenue beat(16)63.83%
PT rev (1m)-5.78%
PT rev (3m)8.72%
EPS NQ rev (1m)-38.26%
EPS NQ rev (3m)-80.07%
EPS NY rev (1m)-4.97%
EPS NY rev (3m)-99.66%
Revenue NQ rev (1m)-7.84%
Revenue NQ rev (3m)-18.03%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)-14.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.67 | ||
| P/FCF | 8.72 | ||
| P/OCF | 7.79 | ||
| P/B | 0.21 | ||
| P/tB | 0.21 | ||
| EV/EBITDA | N/A |
EPS(TTM)-2.88
EYN/A
EPS(NY)-2.01
Fwd EYN/A
FCF(TTM)0.33
FCFY11.46%
OCF(TTM)0.37
OCFY12.83%
SpS4.31
BVpS13.37
TBVpS13.37
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.52% | ||
| ROE | -29.36% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.52% | ||
| FCFM | 7.63% |
ROA(3y)-4.93%
ROA(5y)-2.81%
ROE(3y)-16.81%
ROE(5y)-9.62%
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-20.83%
GM growth 5Y-9.66%
F-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.41 | ||
| Debt/FCF | 97.77 | ||
| 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 | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | -0.75 |
F-Score5
WACC7.16%
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)-747.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-280.77%
EPS Next Y30.23%
EPS Next 2Y42.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-26.87%
Revenue growth 3Y-0.58%
Revenue growth 5Y-4.67%
Sales Q2Q%-56.32%
Revenue Next Year10.43%
Revenue Next 2Y19.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-222.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-72.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-69.61%
OCF growth 3YN/A
OCF growth 5YN/A