Bedrijfsoverzicht
Angel Oak Mortgage REIT, Inc. is a real estate finance company that specializes in acquiring and investing in first lien nonqualified mortgage loans alongside other mortgage-related assets within the United States market. The company operates within the Real Estate sector, specifically classified under the REIT - Mortgage industry, which focuses on financing residential and commercial properties rather than owning them directly. As of the latest available data, the entity maintains a market capitalization of $214.27M and reported annual revenue of $60.99M, while the number of employees is not disclosed in the provided records. The market cap figure of $214.27M indicates that the company holds a mid-tier position within its niche, reflecting a balance between operational scale and the specialized nature of its mortgage asset portfolio. The revenue generation of $60.99M demonstrates an active business model capable of servicing a significant volume of loans, though the absence of employee data suggests that the organization may rely heavily on automated systems or a lean operational structure typical for certain mortgage finance entities.
Financiële gezondheid
The financial performance of Angel Oak Mortgage REIT, Inc. over the trailing twelve months demonstrates a robust profit generation capability, with revenue reaching $60.99M and net income totaling $43.85M, whereas EBITDA data is not available for analysis. The substantial gap between the revenue of $60.99M and the net income of $43.85M reveals a highly efficient cost structure, as the company converts the vast majority of its top-line income into bottom-line profit, evidenced by a profit margin of 72.2%. Regarding liquidity and cash management, free cash flow figures are not provided, which prevents a direct assessment of current financial flexibility derived from operational cash generation, though the company holds $41.86M in cash reserves. The margin analysis further highlights a gross margin of 82.8% and an operating margin of 69.1%, indicating that the company's core lending operations incur minimal direct costs relative to revenue and that operational overheads are exceptionally well-controlled. When evaluating the capital structure, total debt stands at $2.28B against $41.86M in cash, resulting in a debt-to-equity ratio of 851.21, which signifies a highly leveraged balance sheet typical for mortgage REITs but requiring careful interest rate management. Short-term liquidity is supported by a current ratio of 5.47, suggesting the company possesses more than five times the current assets necessary to cover its current liabilities, providing a significant buffer against immediate payment obligations. Return metrics show a return on equity of 17.4% and a return on assets of 1.8%, where the elevated ROE reflects the high leverage strategy, while the lower ROA is consistent with the asset-heavy nature of the mortgage business where assets vastly exceed equity capital.
Waarderingsbeoordeling
Valuation multiples for Angel Oak Mortgage REIT, Inc. indicate a market perception that differs significantly from traditional REITs, with a P/E ratio (TTM) of 4.78 and a forward P/E of 6.23. The difference between the trailing P/E of 4.78 and the forward P/E of 6.23 implies that the market expects earnings to grow in the coming year, as the forward multiple is higher than the historical multiple. The price-to-book ratio is listed at 0.80, which indicates that the company is currently trading below its book value, suggesting that the market values the firm conservatively relative to its net asset worth. Alternative valuation metrics such as the price-to-sales ratio of 3.51 and the EV/EBITDA metric, for which data is not available, provide additional context on the company's pricing relative to its sales volume and enterprise value. Price volatility is measured by a beta of 1.27, indicating that the stock is expected to be 27% more volatile than the broader market, a characteristic common for small-cap mortgage REITs. Over the past year, the stock price has fluctuated between a 52-week low of $7.61 and a 52-week high of $10.34, with the current trading price situated within this established range, reflecting the market's ongoing assessment of interest rate risks and credit quality within its portfolio.
Growth & Income
Growth metrics for the trailing twelve months are not disclosed in the available facts, preventing a specific calculation of revenue growth or earnings growth rates, though the earnings growth (YoY) and revenue growth (YoY) fields are marked as N/A. Consequently, it is not possible to determine whether earnings are growing faster or slower than revenue based on the provided data, leaving the historical growth trajectory undefined in this analysis. The company functions as a significant dividend payer with a dividend yield of 14.9% and a payout ratio of 71.1%. A payout ratio of 71.1% suggests that the company distributes a substantial portion of its earnings to shareholders, which needs to be evaluated against the stability of its income streams to ensure sustainability given the high leverage environment. The high dividend yield attracts income-focused investors, while the payout ratio indicates that the majority of net income is distributed rather than retained for internal expansion. Overall, the growth and income profile is characterized by a lack of reported historical growth data combined with an exceptionally high dividend yield, presenting a unique value proposition for investors seeking income rather than capital appreciation from growth metrics.