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CLO Redeployment Will Expand Alternative Credit Opportunities

Published
28 Sep 24
Updated
26 Aug 25
AnalystConsensusTarget's Fair Value
US$6.13
16.2% undervalued intrinsic discount
10 Sep
US$5.13
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1Y
-23.9%
7D
-4.3%

Author's Valuation

US$6.1316.2% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on26 Aug 25
Fair value Increased 24%

Consensus revenue growth forecasts for Ellington Credit have risen sharply, more than offsetting a decline in net profit margin, prompting analysts to raise their fair value estimate from $4.92 to $6.12. Valuation Changes Summary of Valuation Changes for Ellington Credit The Consensus Analyst Price Target has significantly risen from $4.92 to $6.12.

Shared on01 May 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on23 Apr 25
Fair value Decreased 9.72%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on17 Apr 25
Fair value Decreased 10%

AnalystConsensusTarget has decreased future PE multiple from 10.9x to 9.7x.

Shared on09 Apr 25
Fair value Decreased 53%

AnalystConsensusTarget has decreased revenue growth from 44.4% to 3.3% and increased future PE multiple from 8.5x to 10.9x.

Shared on02 Apr 25
Fair value Increased 121%

AnalystConsensusTarget has increased revenue growth from 3.3% to 44.4%.

Shared on26 Mar 25
Fair value Decreased 62%

AnalystConsensusTarget has decreased revenue growth from 57.3% to 3.3% and increased future PE multiple from 7.0x to 8.9x.

Shared on19 Mar 25
Fair value Increased 280%

AnalystConsensusTarget has increased revenue growth from 38.6% to 57.3%, increased profit margin from 77.3% to 88.2%, increased future PE multiple from 6.0x to 7.0x and increased discount rate from 7.8% to 11.4%.