TPG RE FINANCE TRUST INC (TRTX) Fundamental Analysis & Valuation

NYSE:TRTX • US87266M1071

Current stock price

8.44 USD
+0.08 (+0.96%)
At close:
8.44 USD
0 (0%)
After Hours:

This TRTX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TRTX Profitability Analysis

1.1 Basic Checks

  • In the past year TRTX was profitable.
  • TRTX had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: TRTX reported negative net income in multiple years.
  • In the past 5 years TRTX always reported a positive cash flow from operatings.
TRTX Yearly Net Income VS EBIT VS OCF VS FCFTRTX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

  • With a decent Return On Assets value of 1.03%, TRTX is doing good in the industry, outperforming 64.71% of the companies in the same industry.
  • TRTX's Return On Equity of 4.26% is on the low side compared to the rest of the industry. TRTX is outperformed by 61.76% of its industry peers.
  • TRTX has a Return On Invested Capital of 4.60%. This is amongst the best in the industry. TRTX outperforms 97.06% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TRTX is above the industry average of 1.29%.
Industry RankSector Rank
ROA 1.03%
ROE 4.26%
ROIC 4.6%
ROA(3y)-0.16%
ROA(5y)-0.09%
ROE(3y)-0.67%
ROE(5y)-0.55%
ROIC(3y)5.67%
ROIC(5y)4.77%
TRTX Yearly ROA, ROE, ROICTRTX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 -10

1.3 Margins

  • With a Profit Margin value of 13.67%, TRTX perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
  • The Operating Margin of TRTX (76.39%) is better than 98.53% of its industry peers.
  • In the last couple of years the Operating Margin of TRTX has declined.
  • TRTX has a Gross Margin of 91.43%. This is amongst the best in the industry. TRTX outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of TRTX has remained more or less at the same level.
Industry RankSector Rank
OM 76.39%
PM (TTM) 13.67%
GM 91.43%
OM growth 3Y-3.64%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.11%
GM growth 5Y0.52%
TRTX Yearly Profit, Operating, Gross MarginsTRTX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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6

2. TRTX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TRTX is destroying value.
  • TRTX has less shares outstanding than it did 1 year ago.
  • TRTX has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TRTX is higher compared to a year ago.
TRTX Yearly Shares OutstandingTRTX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
TRTX Yearly Total Debt VS Total AssetsTRTX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • TRTX has an Altman-Z score of 0.19. This is a bad value and indicates that TRTX is not financially healthy and even has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 0.19, TRTX belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
  • TRTX has a debt to FCF ratio of 39.05. This is a negative value and a sign of low solvency as TRTX would need 39.05 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 39.05, TRTX belongs to the best of the industry, outperforming 83.82% of the companies in the same industry.
  • A Debt/Equity ratio of 3.08 is on the high side and indicates that TRTX has dependencies on debt financing.
  • With a decent Debt to Equity ratio value of 3.08, TRTX is doing good in the industry, outperforming 76.47% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.08
Debt/FCF 39.05
Altman-Z 0.19
ROIC/WACC0.75
WACC6.11%
TRTX Yearly LT Debt VS Equity VS FCFTRTX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • TRTX has a Current Ratio of 2.47. This indicates that TRTX is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 2.47, TRTX belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
  • A Quick Ratio of 2.47 indicates that TRTX has no problem at all paying its short term obligations.
  • TRTX's Quick ratio of 2.47 is amongst the best of the industry. TRTX outperforms 94.12% of its industry peers.
Industry RankSector Rank
Current Ratio 2.47
Quick Ratio 2.47
TRTX Yearly Current Assets VS Current LiabilitesTRTX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. TRTX Growth Analysis

3.1 Past

  • TRTX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.04%.
  • Measured over the past years, TRTX shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.83% on average per year.
  • Looking at the last year, TRTX shows a decrease in Revenue. The Revenue has decreased by -5.51% in the last year.
  • The Revenue has been growing slightly by 3.19% on average over the past years.
EPS 1Y (TTM)1.04%
EPS 3Y-1.34%
EPS 5Y-8.83%
EPS Q2Q%140%
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y2.85%
Revenue growth 5Y3.19%
Sales Q2Q%3.09%

3.2 Future

  • Based on estimates for the next years, TRTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.06% on average per year.
  • The Revenue is expected to grow by 13.77% on average over the next years. This is quite good.
EPS Next Y10.83%
EPS Next 2Y8.77%
EPS Next 3Y8.06%
EPS Next 5YN/A
Revenue Next Year25.85%
Revenue Next 2Y14.48%
Revenue Next 3Y13.77%
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 accelerating: in the next years the growth will be better than in the last years.
TRTX Yearly Revenue VS EstimatesTRTX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M
TRTX Yearly EPS VS EstimatesTRTX Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 -1 -2 -3

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8

4. TRTX Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 8.70 indicates a reasonable valuation of TRTX.
  • Compared to the rest of the industry, the Price/Earnings ratio of TRTX indicates a somewhat cheap valuation: TRTX is cheaper than 75.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.15, TRTX is valued rather cheaply.
  • The Price/Forward Earnings ratio is 7.85, which indicates a rather cheap valuation of TRTX.
  • Based on the Price/Forward Earnings ratio, TRTX is valued a bit cheaper than the industry average as 73.53% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 22.12. TRTX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.7
Fwd PE 7.85
TRTX Price Earnings VS Forward Price EarningsTRTX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 98.53% of the companies in the same industry are more expensive than TRTX, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, TRTX is valued cheaply inside the industry as 85.29% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.77
EV/EBITDA 14.45
TRTX Per share dataTRTX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • TRTX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • TRTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.8
PEG (5Y)N/A
EPS Next 2Y8.77%
EPS Next 3Y8.06%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. TRTX Dividend Analysis

5.1 Amount

  • TRTX has a Yearly Dividend Yield of 11.52%, which is a nice return.
  • Compared to an average industry Dividend Yield of 12.49, TRTX is paying slightly less dividend.
  • TRTX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 11.52%

5.2 History

  • The dividend of TRTX decreases each year by -4.78%.
  • TRTX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-4.78%
Div Incr Years0
Div Non Decr Years0
TRTX Yearly Dividends per shareTRTX Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 200.29% of the earnings are spent on dividend by TRTX. This is not a sustainable payout ratio.
DP200.29%
EPS Next 2Y8.77%
EPS Next 3Y8.06%
TRTX Yearly Income VS Free CF VS DividendTRTX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M -150M
TRTX Dividend Payout.TRTX Dividend Payout, showing the Payout Ratio.TRTX Dividend Payout.PayoutRetained Earnings

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TRTX Fundamentals: All Metrics, Ratios and Statistics

TPG RE FINANCE TRUST INC

NYSE:TRTX (4/27/2026, 8:21:04 PM)

After market: 8.44 0 (0%)

8.44

+0.08 (+0.96%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-17
Earnings (Next)04-28
Inst Owners78.32%
Inst Owner Change-0.09%
Ins Owners3.25%
Ins Owner Change3.88%
Market Cap654.27M
Revenue(TTM)332.57M
Net Income(TTM)45.48M
Analysts81.67
Price Target10.3 (22.04%)
Short Float %4.64%
Short Ratio4.27
Dividend
Industry RankSector Rank
Dividend Yield 11.52%
Yearly Dividend1.14
Dividend Growth(5Y)-4.78%
DP200.29%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.23%
Min EPS beat(2)-7.73%
Max EPS beat(2)-2.74%
EPS beat(4)1
Avg EPS beat(4)-3.43%
Min EPS beat(4)-7.73%
Max EPS beat(4)4.11%
EPS beat(8)4
Avg EPS beat(8)-0.59%
EPS beat(12)4
Avg EPS beat(12)-156.4%
EPS beat(16)5
Avg EPS beat(16)-117.8%
Revenue beat(2)1
Avg Revenue beat(2)0.17%
Min Revenue beat(2)-5.51%
Max Revenue beat(2)5.85%
Revenue beat(4)2
Avg Revenue beat(4)1.18%
Min Revenue beat(4)-5.51%
Max Revenue beat(4)6.71%
Revenue beat(8)4
Avg Revenue beat(8)0.26%
Revenue beat(12)4
Avg Revenue beat(12)-7.05%
Revenue beat(16)8
Avg Revenue beat(16)23.22%
PT rev (1m)1%
PT rev (3m)-1.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.4%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)25.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)14.71%
Valuation
Industry RankSector Rank
PE 8.7
Fwd PE 7.85
P/S 1.97
P/FCF 7.77
P/OCF 7.24
P/B 0.61
P/tB 0.62
EV/EBITDA 14.45
EPS(TTM)0.97
EY11.49%
EPS(NY)1.08
Fwd EY12.74%
FCF(TTM)1.09
FCFY12.87%
OCF(TTM)1.17
OCFY13.81%
SpS4.29
BVpS13.78
TBVpS13.58
PEG (NY)0.8
PEG (5Y)N/A
Graham Number17.3405 (105.46%)
Profitability
Industry RankSector Rank
ROA 1.03%
ROE 4.26%
ROCE 5.83%
ROIC 4.6%
ROICexc 4.7%
ROICexgc 4.73%
OM 76.39%
PM (TTM) 13.67%
GM 91.43%
FCFM 25.32%
ROA(3y)-0.16%
ROA(5y)-0.09%
ROE(3y)-0.67%
ROE(5y)-0.55%
ROIC(3y)5.67%
ROIC(5y)4.77%
ROICexc(3y)5.92%
ROICexc(5y)4.99%
ROICexgc(3y)6%
ROICexgc(5y)5.05%
ROCE(3y)7.18%
ROCE(5y)6.04%
ROICexgc growth 3Y6.25%
ROICexgc growth 5Y1.72%
ROICexc growth 3Y6.02%
ROICexc growth 5Y2.04%
OM growth 3Y-3.64%
OM growth 5Y-2.3%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.11%
GM growth 5Y0.52%
F-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 3.08
Debt/FCF 39.05
Debt/EBITDA 12.33
Cap/Depr 48.27%
Cap/Sales 1.85%
Interest Coverage 1.41
Cash Conversion 33.87%
Profit Quality 185.18%
Current Ratio 2.47
Quick Ratio 2.47
Altman-Z 0.19
F-Score4
WACC6.11%
ROIC/WACC0.75
Cap/Depr(3y)77.18%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.58%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.04%
EPS 3Y-1.34%
EPS 5Y-8.83%
EPS Q2Q%140%
EPS Next Y10.83%
EPS Next 2Y8.77%
EPS Next 3Y8.06%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y2.85%
Revenue growth 5Y3.19%
Sales Q2Q%3.09%
Revenue Next Year25.85%
Revenue Next 2Y14.48%
Revenue Next 3Y13.77%
Revenue Next 5YN/A
EBIT growth 1Y-8.53%
EBIT growth 3Y-0.89%
EBIT growth 5Y0.82%
EBIT Next Year122.68%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-21.15%
FCF growth 3Y-4.07%
FCF growth 5Y-8.61%
OCF growth 1Y-19.41%
OCF growth 3Y-3.48%
OCF growth 5Y-7.31%

TPG RE FINANCE TRUST INC / TRTX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TPG RE FINANCE TRUST INC (TRTX) stock?

ChartMill assigns a fundamental rating of 6 / 10 to TRTX.


Can you provide the valuation status for TPG RE FINANCE TRUST INC?

ChartMill assigns a valuation rating of 8 / 10 to TPG RE FINANCE TRUST INC (TRTX). This can be considered as Undervalued.


How profitable is TPG RE FINANCE TRUST INC (TRTX) stock?

TPG RE FINANCE TRUST INC (TRTX) has a profitability rating of 6 / 10.


What is the financial health of TPG RE FINANCE TRUST INC (TRTX) stock?

The financial health rating of TPG RE FINANCE TRUST INC (TRTX) is 6 / 10.


Can you provide the expected EPS growth for TRTX stock?

The Earnings per Share (EPS) of TPG RE FINANCE TRUST INC (TRTX) is expected to grow by 10.83% in the next year.