AG MORTGAGE INVESTMENT TRUST (MITT) Stock Fundamental Analysis
NYSE:MITT - New York Stock Exchange, Inc. - US0012285013 - REIT - Currency: USD
Taking everything into account, MITT scores 4 out of 10 in our fundamental rating. MITT was compared to 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. MITT has a bad profitability rating. Also its financial health evaluation is rather negative. MITT has a decent growth rate and is not valued too expensively.
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.
The reported net income has been mixed in the past 5 years: MITT reported negative net income in multiple years.
In the past 5 years MITT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MITT (0.36%) is comparable to the rest of the industry.
The Return On Equity of MITT (4.83%) is better than 75.38% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.38%, MITT is in line with its industry, outperforming 41.54% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MITT is in line with the industry average of 1.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 4.83% | ||
| ROIC | 0.38% |
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
With a Profit Margin value of 6.22%, MITT perfoms like the industry average, outperforming 47.69% of the companies in the same industry.
MITT's Profit Margin has declined in the last couple of years.
MITT's Operating Margin of 8.26% is in line compared to the rest of the industry. MITT outperforms 44.62% of its industry peers.
In the last couple of years the Operating Margin of MITT has declined.
MITT has a worse Gross Margin (12.30%) than 84.62% of its industry peers.
In the last couple of years the Gross Margin of MITT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.26% | ||
| PM (TTM) | 6.22% | ||
| GM | 12.3% |
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
The number of shares outstanding for MITT has been increased compared to 1 year ago.
The number of shares outstanding for MITT has been increased compared to 5 years ago.
MITT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.12, we must say that MITT is in the distress zone and has some risk of bankruptcy.
MITT's Altman-Z score of -0.12 is in line compared to the rest of the industry. MITT outperforms 49.23% of its industry peers.
The Debt to FCF ratio of MITT is 120.64, which is on the high side as it means it would take MITT, 120.64 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 120.64, MITT perfoms like the industry average, outperforming 49.23% of the companies in the same industry.
A Debt/Equity ratio of 12.39 is on the high side and indicates that MITT has dependencies on debt financing.
MITT's Debt to Equity ratio of 12.39 is on the low side compared to the rest of the industry. MITT is outperformed by 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.39 | ||
| Debt/FCF | 120.64 | ||
| Altman-Z | -0.12 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.18 indicates that MITT may have some problems paying its short term obligations.
MITT has a Current ratio of 0.18. This is comparable to the rest of the industry: MITT outperforms 52.31% of its industry peers.
MITT has a Quick Ratio of 0.18. This is a bad value and indicates that MITT is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.18, MITT perfoms like the industry average, outperforming 52.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 111.90% over the past year.
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 a strong growth in Revenue. In the last year, the Revenue has grown by 41.58%.
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)111.9%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%-61.82%
Revenue 1Y (TTM)41.58%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.72%
3.2 Future
MITT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.58% yearly.
The Revenue is expected to grow by 9.60% on average over the next years. This is quite good.
EPS Next Y-27.19%
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
EPS Next 5YN/A
Revenue Next Year20.54%
Revenue Next 2Y14.63%
Revenue Next 3Y9.6%
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.
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
With a Price/Earnings ratio of 8.48, the valuation of MITT can be described as very reasonable.
Based on the Price/Earnings ratio, MITT is valued a bit cheaper than 76.92% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.15, MITT is valued rather cheaply.
A Price/Forward Earnings ratio of 7.50 indicates a rather cheap valuation of MITT.
Based on the Price/Forward Earnings ratio, MITT is valued a bit cheaper than 72.31% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.60. MITT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.48 | ||
| Fwd PE | 7.5 |
4.2 Price Multiples
MITT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MITT is cheaper than 95.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.01 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as MITT's earnings are expected to decrease with -2.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
5. Dividend
5.1 Amount
MITT has a Yearly Dividend Yield of 10.10%, which is a nice return.
MITT's Dividend Yield is slightly below the industry average, which is at 11.56.
Compared to an average S&P500 Dividend Yield of 2.42, MITT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.1% |
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 160.24% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of MITT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP160.24%
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
7.55
-0.4 (-5.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners35.61%
Inst Owner Change0.48%
Ins Owners3.12%
Ins Owner Change0.8%
Market Cap224.08M
Analysts78.33
Price Target8.52 (12.85%)
Short Float %1.31%
Short Ratio1.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.1% |
Yearly Dividend1.26
Dividend Growth(5Y)-30.15%
DP160.24%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)50.22%
Min EPS beat(2)21.11%
Max EPS beat(2)79.34%
EPS beat(4)3
Avg EPS beat(4)33.73%
Min EPS beat(4)-107.6%
Max EPS beat(4)142.07%
EPS beat(8)5
Avg EPS beat(8)-16.22%
EPS beat(12)7
Avg EPS beat(12)-562.59%
EPS beat(16)10
Avg EPS beat(16)-355.22%
Revenue beat(2)0
Avg Revenue beat(2)-5.45%
Min Revenue beat(2)-7.59%
Max Revenue beat(2)-3.31%
Revenue beat(4)0
Avg Revenue beat(4)-7%
Min Revenue beat(4)-11.41%
Max Revenue beat(4)-3.31%
Revenue beat(8)1
Avg Revenue beat(8)-7.01%
Revenue beat(12)4
Avg Revenue beat(12)35.84%
Revenue beat(16)8
Avg Revenue beat(16)33.42%
PT rev (1m)1.21%
PT rev (3m)0%
EPS NQ rev (1m)-4.89%
EPS NQ rev (3m)3.13%
EPS NY rev (1m)-3.52%
EPS NY rev (3m)-1.9%
Revenue NQ rev (1m)6.64%
Revenue NQ rev (3m)7.49%
Revenue NY rev (1m)5.19%
Revenue NY rev (3m)4.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.48 | ||
| Fwd PE | 7.5 | ||
| P/S | 0.53 | ||
| P/FCF | 4.01 | ||
| P/OCF | 4.01 | ||
| P/B | 0.41 | ||
| P/tB | 0.41 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.89
EY11.79%
EPS(NY)1.01
Fwd EY13.34%
FCF(TTM)1.88
FCFY24.93%
OCF(TTM)1.88
OCFY24.93%
SpS14.22
BVpS18.32
TBVpS18.32
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 4.83% | ||
| ROCE | 0.54% | ||
| ROIC | 0.38% | ||
| ROICexc | 0.38% | ||
| ROICexgc | 0.38% | ||
| OM | 8.26% | ||
| PM (TTM) | 6.22% | ||
| GM | 12.3% | ||
| FCFM | 13.24% |
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%
ROICexcg growth 3Y-6.27%
ROICexcg 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-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.39 | ||
| Debt/FCF | 120.64 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 212.79% | ||
| Current Ratio | 0.18 | ||
| Quick Ratio | 0.18 | ||
| Altman-Z | -0.12 |
F-Score5
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)111.9%
EPS 3Y-39.77%
EPS 5Y-25.19%
EPS Q2Q%-61.82%
EPS Next Y-27.19%
EPS Next 2Y-9.51%
EPS Next 3Y-2.58%
EPS Next 5YN/A
Revenue 1Y (TTM)41.58%
Revenue growth 3Y79.44%
Revenue growth 5Y18.93%
Sales Q2Q%9.72%
Revenue Next Year20.54%
Revenue Next 2Y14.63%
Revenue Next 3Y9.6%
Revenue Next 5YN/A
EBIT growth 1Y40.18%
EBIT growth 3Y19.27%
EBIT growth 5Y-8.02%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y128.02%
FCF growth 3Y28.53%
FCF growth 5Y-3.05%
OCF growth 1Y128.02%
OCF growth 3Y28.53%
OCF growth 5Y-3.05%