Ellington Credit Co (NYSE: EARN)

Sector: Financial Services Industry: Asset Management CIK: 0001560672
Market Cap 66.49 Mn
P/B 0.56
P/E -2.21
P/S 2.86
Div Yield % 25.98
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About

Ellington Credit Co, known as EARN, operates in the real estate investment trust (REIT) industry, specializing in acquiring, investing in, and managing residential mortgage- and real estate-related assets. The company, founded in August 2012, is headquartered in Maryland and aims to generate attractive current yields and risk-adjusted total returns for its shareholders. EARN's primary business activities focus on constructing and actively managing a hybrid investment portfolio. This portfolio primarily consists of Agency Residential Mortgage-Backed...

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Investment thesis

Bull case

No data available.

Bear case

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Peer comparison

Companies in the Asset Management
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 BLK BlackRock, Inc. 199.59 Bn 85.40 21.98 15.04 Bn
2 BN BROOKFIELD Corp /ON/ 103.94 Bn 31.52 5.64 262.97 Bn
3 AMP Ameriprise Financial Inc 88.69 Bn 55.02 7.20 5.89 Bn
4 BX Blackstone Inc. 88.51 Bn 49.39 10.93 12.89 Bn
5 KKR KKR & Co. Inc. 55.86 Bn 28.33 13.23 53.12 Bn
6 STT State Street Corp 46.52 Bn 21.77 3.91 34.72 Bn
7 NTRS Northern Trust Corp 34.14 Bn 33.31 6.71 15.64 Bn
8 RJF Raymond James Financial Inc 32.89 Bn 37.63 4.14 5.10 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.63 0.94
EV to Cash from Ops. EV/CFO 46.55 41.10
EV to Debt EV to Debt 2.46 15.28
EV to EBIT EV/EBIT -42.35 23.47
EV to EBITDA EV/EBITDA 71.47 47.80
EV to Free Cash Flow [EV/FCF] EV/FCF 46.55 38.62
EV to Market Cap EV to Market Cap 19.17 7.81
EV to Revenue EV/Rev 54.91 27.38
Price to Book Value [P/B] P/B 0.56 2.34
Price to Earnings [P/E] P/E -2.21 11.81
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) -0.20 4.66
Dividend Payout Ratio % Div Payout % (Qtr) -564.70 -5.56
Dividend per Basic Share Div per Share (Qtr) 0.96 1.73
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 184.62 49.83
Interest Coverage Interest Coverage 0.00 25.16
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -35.10
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) -22.58 15.43
Dividend Growth (1y) % Div 1y % (Qtr) 0.00 1.65
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -184.83 -90.82
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 280.69 35.24
EBIT Growth (1y) % EBIT 1y % (Qtr) -177.77 -22.13
EBT Growth (1y) % EBT 1y % (Qtr) -177.77 -163.05
EPS Growth (1y) % EPS 1y % (Qtr) -142.50 -20.61
FCF Growth (1y) % FCF 1y % (Qtr) 320.81 220.21
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 634.10 -53.96
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.03 0.22
Cash Payout Ratio Cash Payout (Qtr) 1.31 0.36
Cash Ratio Cash Ratio 0.00 0.38
Current Ratio Current Ratio 0.00 0.86
Debt to Equity Ratio Debt/Equity (Qtr) 2.26 0.70
Interest Cover Ratio Interest Cover Ratio 0.00 25.16
Times Interest Earned Times Interest Earned 0.00 25.16
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) -21.00 -114.76
EBIT Margin % EBIT Margin % (Qtr) -20.98 -127.24
EBT Margin % EBT Margin % (Qtr) -20.98 -150.97
Gross Margin % Gross Margin % (Qtr) 88.10 67.88
Net Profit Margin % Net Margin % (Qtr) -21.80 -148.68