LADDER CAPITAL CORP-REIT (LADR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LADR - US5057431042 - REIT
11.37 USD
+0.02 (+0.18%)
11.37 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to LADR. LADR was compared to 69 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While LADR is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
In the past year LADR has reported a negative cash flow from operations.
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 (1.70%) than 92.75% of its industry peers.
The Return On Equity of LADR (5.33%) is better than 71.01% of its industry peers.
With an excellent Return On Invested Capital value of 1.46%, LADR belongs to the best of the industry, outperforming 85.51% 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 1.30%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.7% | ||
| ROE | 5.33% | ||
| ROIC | 1.46% |
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's Profit Margin of 19.27% is amongst the best of the industry. LADR outperforms 84.06% of its industry peers.
LADR's Profit Margin has declined in the last couple of years.
LADR's Operating Margin of 20.45% is fine compared to the rest of the industry. LADR outperforms 72.46% of its industry peers.
In the last couple of years the Operating Margin of LADR has declined.
LADR has a better Gross Margin (56.45%) than 88.41% 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 | 20.45% | ||
| PM (TTM) | 19.27% | ||
| GM | 56.45% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LADR is destroying value.
Compared to 1 year ago, LADR has about the same amount of shares outstanding.
LADR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for LADR has been reduced compared to a year ago.
2.2 Solvency
LADR has an Altman-Z score of 0.34. This is a bad value and indicates that LADR is not financially healthy and even has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.34, LADR belongs to the best of the industry, outperforming 86.96% of the companies in the same industry.
LADR has a Debt/Equity ratio of 2.00. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of LADR (2.00) is better than 82.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.34 |
ROIC/WACC0.25
WACC5.94%
2.3 Liquidity
LADR has a Current Ratio of 0.63. This is a bad value and indicates that LADR is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.63, LADR is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
A Quick Ratio of 0.63 indicates that LADR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.63, LADR is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
LADR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.60%.
LADR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.55% yearly.
LADR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.66%.
Measured over the past years, LADR shows a decrease in Revenue. The Revenue has been decreasing by -0.03% on average per year.
EPS 1Y (TTM)-24.6%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)-18.66%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-25.31%
3.2 Future
The Earnings Per Share is expected to decrease by -17.75% on average over the next years. This is quite bad
LADR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.21% yearly.
EPS Next Y-22.24%
EPS Next 2Y-4.14%
EPS Next 3Y-17.75%
EPS Next 5YN/A
Revenue Next Year-28%
Revenue Next 2Y-12.31%
Revenue Next 3Y-2.21%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
LADR is valuated reasonably with a Price/Earnings ratio of 11.97.
Based on the Price/Earnings ratio, LADR is valued a bit cheaper than the industry average as 63.77% of the companies are valued more expensively.
LADR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.54.
With a Price/Forward Earnings ratio of 10.23, the valuation of LADR can be described as very reasonable.
LADR's Price/Forward Earnings is on the same level as the industry average.
LADR is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.97 | ||
| Fwd PE | 10.23 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LADR is valued cheaply inside the industry as 89.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 37.98 |
4.3 Compensation for Growth
LADR has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as LADR's earnings are expected to decrease with -17.75% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.14%
EPS Next 3Y-17.75%
5. Dividend
5.1 Amount
LADR has a Yearly Dividend Yield of 8.40%, which is a nice return.
Compared to an average industry Dividend Yield of 12.09, LADR's dividend is way lower than its industry peers. On top of this 84.06% of the companies listed in the same industry pay a better dividend than LADR!
Compared to an average S&P500 Dividend Yield of 2.27, LADR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.4% |
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 147.45% of its income as dividend. This is not a sustainable payout ratio.
LADR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP147.45%
EPS Next 2Y-4.14%
EPS Next 3Y-17.75%
11.37
+0.02 (+0.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners63.24%
Inst Owner Change-1.31%
Ins Owners11.72%
Ins Owner Change-1.92%
Market Cap1.45B
Revenue(TTM)413.45M
Net Income(TTM)79.68M
Analysts83.64
Price Target12.85 (13.02%)
Short Float %1.69%
Short Ratio2.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.4% |
Yearly Dividend0.93
Dividend Growth(5Y)-6.35%
DP147.45%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.57%
Min EPS beat(2)1.72%
Max EPS beat(2)5.42%
EPS beat(4)2
Avg EPS beat(4)-2.55%
Min EPS beat(4)-11.87%
Max EPS beat(4)5.42%
EPS beat(8)6
Avg EPS beat(8)2.6%
EPS beat(12)10
Avg EPS beat(12)4.55%
EPS beat(16)14
Avg EPS beat(16)10.45%
Revenue beat(2)1
Avg Revenue beat(2)8.63%
Min Revenue beat(2)-0.4%
Max Revenue beat(2)17.66%
Revenue beat(4)1
Avg Revenue beat(4)2.03%
Min Revenue beat(4)-6.48%
Max Revenue beat(4)17.66%
Revenue beat(8)3
Avg Revenue beat(8)2.11%
Revenue beat(12)6
Avg Revenue beat(12)11.79%
Revenue beat(16)10
Avg Revenue beat(16)32.89%
PT rev (1m)0%
PT rev (3m)-1.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.67%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.57%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.97 | ||
| Fwd PE | 10.23 | ||
| P/S | 3.5 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.97 | ||
| P/tB | 1 | ||
| EV/EBITDA | 37.98 |
EPS(TTM)0.95
EY8.36%
EPS(NY)1.11
Fwd EY9.78%
FCF(TTM)-0.15
FCFYN/A
OCF(TTM)-0.15
OCFYN/A
SpS3.25
BVpS11.75
TBVpS11.32
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.7% | ||
| ROE | 5.33% | ||
| ROCE | 1.84% | ||
| ROIC | 1.46% | ||
| ROICexc | 1.47% | ||
| ROICexgc | 1.5% | ||
| OM | 20.45% | ||
| PM (TTM) | 19.27% | ||
| GM | 56.45% | ||
| FCFM | N/A |
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
ROICexgc growth 3Y44.8%
ROICexgc 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-Score4
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 25.92 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 0.34 |
F-Score4
WACC5.94%
ROIC/WACC0.25
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)-24.6%
EPS 3Y35.16%
EPS 5Y-5.55%
EPS Q2Q%-16.67%
EPS Next Y-22.24%
EPS Next 2Y-4.14%
EPS Next 3Y-17.75%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.66%
Revenue growth 3Y12.29%
Revenue growth 5Y-0.03%
Sales Q2Q%-25.31%
Revenue Next Year-28%
Revenue Next 2Y-12.31%
Revenue Next 3Y-2.21%
Revenue Next 5YN/A
EBIT growth 1Y-11.81%
EBIT growth 3Y24.19%
EBIT growth 5Y-4.86%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-110.45%
FCF growth 3Y31.27%
FCF growth 5Y-3.85%
OCF growth 1Y-110.45%
OCF growth 3Y18.89%
OCF growth 5Y-6.07%
LADDER CAPITAL CORP-REIT / LADR FAQ
Can you provide the ChartMill fundamental rating for LADDER CAPITAL CORP-REIT?
ChartMill assigns a fundamental rating of 4 / 10 to LADR.
What is the valuation status of LADDER CAPITAL CORP-REIT (LADR) stock?
ChartMill assigns a valuation rating of 5 / 10 to LADDER CAPITAL CORP-REIT (LADR). This can be considered as Fairly Valued.
How profitable is LADDER CAPITAL CORP-REIT (LADR) stock?
LADDER CAPITAL CORP-REIT (LADR) has a profitability rating of 6 / 10.
What is the financial health of LADDER CAPITAL CORP-REIT (LADR) stock?
The financial health rating of LADDER CAPITAL CORP-REIT (LADR) is 3 / 10.
What is the expected EPS growth for LADDER CAPITAL CORP-REIT (LADR) stock?
The Earnings per Share (EPS) of LADDER CAPITAL CORP-REIT (LADR) is expected to decline by -22.24% in the next year.