TPG MORTGAGE INVESTMENT TRUS (MITT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MITT - US0012285013 - REIT
8.81 USD
-0.07 (-0.79%)
8.52 USD
-0.29 (-3.29%)
Taking everything into account, MITT scores 3 out of 10 in our fundamental rating. MITT was compared to 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of MITT have multiple concerns. MITT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
MITT had positive earnings in the past year.
MITT had a positive operating cash flow in the past year.
In multiple years MITT reported negative net income over the last 5 years.
In the past 5 years MITT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MITT (0.31%) is comparable to the rest of the industry.
MITT has a Return On Equity of 5.04%. This is in the better half of the industry: MITT outperforms 67.65% of its industry peers.
MITT has a Return On Invested Capital (0.35%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for MITT is in line with the industry average of 1.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.31% | ||
| ROE | 5.04% | ||
| ROIC | 0.35% |
ROA(3y)-0.18%
ROA(5y)-5.75%
ROE(3y)-0.68%
ROE(5y)-18.43%
ROIC(3y)0.43%
ROIC(5y)0.52%
1.3 Margins
MITT has a Profit Margin (6.27%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MITT has declined.
MITT has a Operating Margin (8.68%) which is in line with its industry peers.
MITT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 12.40%, MITT is doing worse than 80.88% of the companies in the same industry.
MITT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.68% | ||
| PM (TTM) | 6.27% | ||
| GM | 12.4% |
OM growth 3Y-33.53%
OM growth 5Y-22.66%
PM growth 3Y-58.15%
PM growth 5Y-27.59%
GM growth 3Y-35.88%
GM growth 5Y-21.14%
2. Health
2.1 Basic Checks
MITT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MITT has been increased compared to 5 years ago.
Compared to 1 year ago, MITT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.10, we must say that MITT is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.10, MITT perfoms like the industry average, outperforming 48.53% of the companies in the same industry.
The Debt to FCF ratio of MITT is 147.88, which is on the high side as it means it would take MITT, 147.88 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MITT (147.88) is comparable to the rest of the industry.
A Debt/Equity ratio of 14.94 is on the high side and indicates that MITT has dependencies on debt financing.
The Debt to Equity ratio of MITT (14.94) is worse than 91.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 14.94 | ||
| Debt/FCF | 147.88 | ||
| Altman-Z | -0.1 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MITT has a Current Ratio of 0.12. This is a bad value and indicates that MITT is not financially healthy enough and could expect problems in meeting its short term obligations.
MITT has a Current ratio (0.12) which is in line with its industry peers.
A Quick Ratio of 0.12 indicates that MITT may have some problems paying its short term obligations.
MITT's Quick ratio of 0.12 is in line compared to the rest of the industry. MITT outperforms 45.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 |
3. Growth
3.1 Past
MITT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.13%.
Measured over the past years, MITT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -25.19% on average per year.
MITT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.40%.
MITT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.93% yearly.
EPS 1Y (TTM)-3.13%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%17.5%
Revenue 1Y (TTM)18.4%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%30.31%
3.2 Future
MITT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.39% yearly.
Based on estimates for the next years, MITT will show a quite strong growth in Revenue. The Revenue will grow by 12.34% on average per year.
EPS Next Y-35.94%
EPS Next 2Y-9.62%
EPS Next 3Y0.39%
EPS Next 5YN/A
Revenue Next Year13.45%
Revenue Next 2Y15.05%
Revenue Next 3Y12.34%
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 accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.47, the valuation of MITT can be described as very reasonable.
MITT's Price/Earnings ratio is a bit cheaper when compared to the industry. MITT is cheaper than 72.06% of the companies in the same industry.
When comparing the Price/Earnings ratio of MITT to the average of the S&P500 Index (26.77), we can say MITT is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.77, the valuation of MITT can be described as very reasonable.
63.24% of the companies in the same industry are more expensive than MITT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.35. MITT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.47 | ||
| Fwd PE | 8.77 |
4.2 Price Multiples
94.12% of the companies in the same industry are more expensive than MITT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.94 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.62%
EPS Next 3Y0.39%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.50%, MITT is a good candidate for dividend investing.
MITT's Dividend Yield is slightly below the industry average, which is at 10.99.
Compared to an average S&P500 Dividend Yield of 2.00, MITT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.5% |
5.2 History
The dividend of MITT decreases each year by -30.15%.
MITT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-30.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MITT pays out 158.93% of its income as dividend. This is not a sustainable payout ratio.
DP158.93%
EPS Next 2Y-9.62%
EPS Next 3Y0.39%
8.81
-0.07 (-0.79%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners37.17%
Inst Owner Change14.06%
Ins Owners2.96%
Ins Owner Change1.25%
Market Cap279.63M
Revenue(TTM)450.36M
Net Income(TTM)28.23M
Analysts78.33
Price Target8.98 (1.93%)
Short Float %1.29%
Short Ratio2.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.5% |
Yearly Dividend1.26
Dividend Growth(5Y)-30.15%
DP158.93%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.41%
Min EPS beat(2)-121.95%
Max EPS beat(2)124.77%
EPS beat(4)3
Avg EPS beat(4)23.36%
Min EPS beat(4)-121.95%
Max EPS beat(4)124.77%
EPS beat(8)5
Avg EPS beat(8)36.97%
EPS beat(12)8
Avg EPS beat(12)13.09%
EPS beat(16)9
Avg EPS beat(16)-443.57%
Revenue beat(2)0
Avg Revenue beat(2)-12.25%
Min Revenue beat(2)-16.34%
Max Revenue beat(2)-8.16%
Revenue beat(4)0
Avg Revenue beat(4)-8.85%
Min Revenue beat(4)-16.34%
Max Revenue beat(4)-3.31%
Revenue beat(8)1
Avg Revenue beat(8)-6%
Revenue beat(12)2
Avg Revenue beat(12)9.42%
Revenue beat(16)6
Avg Revenue beat(16)28.98%
PT rev (1m)1.15%
PT rev (3m)3.53%
EPS NQ rev (1m)3.53%
EPS NQ rev (3m)5.77%
EPS NY rev (1m)12.23%
EPS NY rev (3m)12.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)-0.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.47 | ||
| Fwd PE | 8.77 | ||
| P/S | 0.62 | ||
| P/FCF | 4.94 | ||
| P/OCF | 4.94 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.93
EY10.56%
EPS(NY)1
Fwd EY11.4%
FCF(TTM)1.78
FCFY20.22%
OCF(TTM)1.78
OCFY20.22%
SpS14.19
BVpS17.64
TBVpS17.64
PEG (NY)N/A
PEG (5Y)N/A
Graham Number19.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.31% | ||
| ROE | 5.04% | ||
| ROCE | 0.48% | ||
| ROIC | 0.35% | ||
| ROICexc | 0.35% | ||
| ROICexgc | 0.35% | ||
| OM | 8.68% | ||
| PM (TTM) | 6.27% | ||
| GM | 12.4% | ||
| FCFM | 12.56% |
ROA(3y)-0.18%
ROA(5y)-5.75%
ROE(3y)-0.68%
ROE(5y)-18.43%
ROIC(3y)0.43%
ROIC(5y)0.52%
ROICexc(3y)0.44%
ROICexc(5y)0.54%
ROICexgc(3y)0.44%
ROICexgc(5y)0.54%
ROCE(3y)0.62%
ROCE(5y)0.94%
ROICexgc growth 3Y-6.27%
ROICexgc growth 5Y-16.26%
ROICexc growth 3Y-6.26%
ROICexc growth 5Y-16.25%
OM growth 3Y-33.53%
OM growth 5Y-22.66%
PM growth 3Y-58.15%
PM growth 5Y-27.59%
GM growth 3Y-35.88%
GM growth 5Y-21.14%
F-Score3
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 14.94 | ||
| Debt/FCF | 147.88 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 200.31% | ||
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 | ||
| Altman-Z | -0.1 |
F-Score3
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)-3.13%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%17.5%
EPS Next Y-35.94%
EPS Next 2Y-9.62%
EPS Next 3Y0.39%
EPS Next 5YN/A
Revenue 1Y (TTM)18.4%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%30.31%
Revenue Next Year13.45%
Revenue Next 2Y15.05%
Revenue Next 3Y12.34%
Revenue Next 5YN/A
EBIT growth 1Y25.27%
EBIT growth 3Y19.27%
EBIT growth 5Y-8.02%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y137.6%
FCF growth 3Y28.53%
FCF growth 5Y-3.05%
OCF growth 1Y137.6%
OCF growth 3Y28.53%
OCF growth 5Y-3.05%
TPG MORTGAGE INVESTMENT TRUS / MITT FAQ
What is the ChartMill fundamental rating of TPG MORTGAGE INVESTMENT TRUS (MITT) stock?
ChartMill assigns a fundamental rating of 3 / 10 to MITT.
What is the valuation status for MITT stock?
ChartMill assigns a valuation rating of 5 / 10 to TPG MORTGAGE INVESTMENT TRUS (MITT). This can be considered as Fairly Valued.
What is the profitability of MITT stock?
TPG MORTGAGE INVESTMENT TRUS (MITT) has a profitability rating of 3 / 10.
What is the expected EPS growth for TPG MORTGAGE INVESTMENT TRUS (MITT) stock?
The Earnings per Share (EPS) of TPG MORTGAGE INVESTMENT TRUS (MITT) is expected to decline by -35.94% in the next year.
Can you provide the dividend sustainability for MITT stock?
The dividend rating of TPG MORTGAGE INVESTMENT TRUS (MITT) is 4 / 10 and the dividend payout ratio is 158.93%.