LADDER CAPITAL CORP-REIT (LADR) Stock Fundamental Analysis
NYSE:LADR - New York Stock Exchange, Inc. - US5057431042 - REIT - Currency: USD
LADR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the health and profitability get an excellent rating, making LADR a very profitable company, without any liquidiy or solvency issues. LADR has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
LADR had positive earnings in the past year.
LADR had a positive operating cash flow in the past year.
Of the past 5 years LADR 4 years were profitable.
LADR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LADR has a better Return On Assets (2.31%) than 92.31% of its industry peers.
LADR has a Return On Equity of 6.82%. This is amongst the best in the industry. LADR outperforms 87.69% of its industry peers.
With an excellent Return On Invested Capital value of 1.86%, LADR belongs to the best of the industry, outperforming 89.23% of the companies in the same industry.
LADR had an Average Return On Invested Capital over the past 3 years of 1.84%. This is in line with the industry average of 1.42%.
The last Return On Invested Capital (1.86%) for LADR is above the 3 year average (1.84%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 6.82% | ||
| ROIC | 1.86% |
ROA(3y)2.15%
ROA(5y)1.44%
ROE(3y)7.64%
ROE(5y)5.15%
ROIC(3y)1.84%
ROIC(5y)N/A
1.3 Margins
LADR has a better Profit Margin (21.82%) than 87.69% of its industry peers.
In the last couple of years the Profit Margin of LADR has declined.
LADR has a Operating Margin of 21.73%. This is amongst the best in the industry. LADR outperforms 84.62% of its industry peers.
LADR's Operating Margin has declined in the last couple of years.
LADR's Gross Margin of 56.38% is amongst the best of the industry. LADR outperforms 87.69% of its industry peers.
In the last couple of years the Gross Margin of LADR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.73% | ||
| PM (TTM) | 21.82% | ||
| GM | 56.38% |
OM growth 3Y10.59%
OM growth 5Y-4.83%
PM growth 3Y10.61%
PM growth 5Y-2.43%
GM growth 3Y4.81%
GM growth 5Y-1.18%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LADR is destroying value.
Compared to 1 year ago, LADR has about the same amount of shares outstanding.
The number of shares outstanding for LADR has been increased compared to 5 years ago.
The debt/assets ratio for LADR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that LADR is in the distress zone and has some risk of bankruptcy.
LADR has a better Altman-Z score (0.50) than 86.15% of its industry peers.
The Debt to FCF ratio of LADR is 22.06, which is on the high side as it means it would take LADR, 22.06 years of fcf income to pay off all of its debts.
LADR's Debt to FCF ratio of 22.06 is amongst the best of the industry. LADR outperforms 89.23% of its industry peers.
A Debt/Equity ratio of 1.83 is on the high side and indicates that LADR has dependencies on debt financing.
LADR has a Debt to Equity ratio of 1.83. This is amongst the best in the industry. LADR outperforms 81.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 22.06 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.24
WACC7.8%
2.3 Liquidity
LADR has a Current Ratio of 5.32. This indicates that LADR is financially healthy and has no problem in meeting its short term obligations.
LADR's Current ratio of 5.32 is amongst the best of the industry. LADR outperforms 93.85% of its industry peers.
LADR has a Quick Ratio of 5.32. This indicates that LADR is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 5.32, LADR belongs to the best of the industry, outperforming 93.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.32 | ||
| Quick Ratio | 5.32 |
3. Growth
3.1 Past
LADR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.28%.
Measured over the past years, LADR shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.55% on average per year.
The Revenue has decreased by -9.69% in the past year.
The Revenue has been decreasing by -0.03% on average over the past years.
EPS 1Y (TTM)-16.28%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-39.39%
Revenue 1Y (TTM)-9.69%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-32.93%
3.2 Future
The Earnings Per Share is expected to decrease by -1.20% on average over the next years.
Based on estimates for the next years, LADR will show a decrease in Revenue. The Revenue will decrease by -9.00% on average per year.
EPS Next Y-19.58%
EPS Next 2Y-1.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-28.92%
Revenue Next 2Y-9%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.95, which indicates a very decent valuation of LADR.
Based on the Price/Earnings ratio, LADR is valued a bit cheaper than 69.23% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.15, LADR is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.10, the valuation of LADR can be described as reasonable.
LADR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LADR is cheaper than 61.54% of the companies in the same industry.
LADR is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.95 | ||
| Fwd PE | 9.1 |
4.2 Price Multiples
95.38% of the companies in the same industry are more expensive than LADR, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LADR indicates a somewhat cheap valuation: LADR is cheaper than 64.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.97 | ||
| EV/EBITDA | 27.41 |
4.3 Compensation for Growth
The excellent profitability rating of LADR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.48%, LADR is a good candidate for dividend investing.
With a Dividend Yield of 8.48, LADR pays less dividend than the industry average, which is at 11.56. 83.08% of the companies listed in the same industry pay a better dividend than LADR!
LADR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
5.2 History
The dividend of LADR decreases each year by -6.35%.
LADR has paid a dividend for at least 10 years, which is a reliable track record.
LADR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.35%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
LADR pays out 113.64% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of LADR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP113.64%
EPS Next 2Y-1.2%
EPS Next 3YN/A
10.75
-0.12 (-1.1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners63.91%
Inst Owner Change2.71%
Ins Owners11.74%
Ins Owner Change9.84%
Market Cap1.38B
Analysts81.82
Price Target13.01 (21.02%)
Short Float %1.1%
Short Ratio1.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
Yearly Dividend0.93
Dividend Growth(5Y)-6.35%
DP113.64%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.67%
Min EPS beat(2)-11.87%
Max EPS beat(2)-5.46%
EPS beat(4)2
Avg EPS beat(4)-0.89%
Min EPS beat(4)-11.87%
Max EPS beat(4)10.99%
EPS beat(8)6
Avg EPS beat(8)2.16%
EPS beat(12)10
Avg EPS beat(12)8.08%
EPS beat(16)14
Avg EPS beat(16)19.02%
Revenue beat(2)0
Avg Revenue beat(2)-4.58%
Min Revenue beat(2)-6.48%
Max Revenue beat(2)-2.68%
Revenue beat(4)1
Avg Revenue beat(4)0.55%
Min Revenue beat(4)-6.48%
Max Revenue beat(4)11.4%
Revenue beat(8)3
Avg Revenue beat(8)-0.14%
Revenue beat(12)7
Avg Revenue beat(12)23.44%
Revenue beat(16)11
Avg Revenue beat(16)46.34%
PT rev (1m)0%
PT rev (3m)-3.77%
EPS NQ rev (1m)-1.33%
EPS NQ rev (3m)-14.62%
EPS NY rev (1m)-2.4%
EPS NY rev (3m)-12.32%
Revenue NQ rev (1m)2.75%
Revenue NQ rev (3m)-15.52%
Revenue NY rev (1m)2.29%
Revenue NY rev (3m)-11.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.95 | ||
| Fwd PE | 9.1 | ||
| P/S | 2.91 | ||
| P/FCF | 10.97 | ||
| P/OCF | 10.97 | ||
| P/B | 0.91 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 27.41 |
EPS(TTM)1.08
EY10.05%
EPS(NY)1.18
Fwd EY10.99%
FCF(TTM)0.98
FCFY9.12%
OCF(TTM)0.98
OCFY9.12%
SpS3.7
BVpS11.84
TBVpS11.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.31% | ||
| ROE | 6.82% | ||
| ROCE | 2.35% | ||
| ROIC | 1.86% | ||
| ROICexc | 2.09% | ||
| ROICexgc | 2.17% | ||
| OM | 21.73% | ||
| PM (TTM) | 21.82% | ||
| GM | 56.38% | ||
| FCFM | 26.49% |
ROA(3y)2.15%
ROA(5y)1.44%
ROE(3y)7.64%
ROE(5y)5.15%
ROIC(3y)1.84%
ROIC(5y)N/A
ROICexc(3y)2.28%
ROICexc(5y)N/A
ROICexgc(3y)2.37%
ROICexgc(5y)N/A
ROCE(3y)2.33%
ROCE(5y)N/A
ROICexcg growth 3Y44.8%
ROICexcg growth 5Y9.08%
ROICexc growth 3Y43.44%
ROICexc growth 5Y8.32%
OM growth 3Y10.59%
OM growth 5Y-4.83%
PM growth 3Y10.61%
PM growth 5Y-2.43%
GM growth 3Y4.81%
GM growth 5Y-1.18%
F-Score8
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.83 | ||
| Debt/FCF | 22.06 | ||
| Debt/EBITDA | 20.62 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 93.46% | ||
| Profit Quality | 121.41% | ||
| Current Ratio | 5.32 | ||
| Quick Ratio | 5.32 | ||
| Altman-Z | 0.5 |
F-Score8
WACC7.8%
ROIC/WACC0.24
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)125.78%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.28%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-39.39%
EPS Next Y-19.58%
EPS Next 2Y-1.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.69%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-32.93%
Revenue Next Year-28.92%
Revenue Next 2Y-9%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y5.72%
EBIT growth 3Y24.19%
EBIT growth 5Y-4.86%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-49.39%
FCF growth 3Y31.27%
FCF growth 5Y-3.85%
OCF growth 1Y-49.39%
OCF growth 3Y18.89%
OCF growth 5Y-6.07%