MMA Capital Holdings
Market Cap
US$185.8m
Last Updated
2020/02/16 23:46 UTC
Data Sources
Company Financials
Executive Summary
MMA Capital Holdings, Inc. invests in debt associated with renewable energy infrastructure and real estate sectors.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record and fair value.
Similar Companies
Share Price & News
How has MMA Capital Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MMAC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.1%
MMAC
-1.9%
US Mortgage
1.5%
US Market
1 Year Return
13.2%
MMAC
7.3%
US Mortgage
20.1%
US Market
Return vs Industry: MMAC exceeded the US Mortgage industry which returned 7.3% over the past year.
Return vs Market: MMAC underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| MMAC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | -1.9% | 1.5% |
| 30 Day | 1.5% | -1.6% | 1.4% |
| 90 Day | -2.0% | -2.1% | 8.7% |
| 1 Year | 13.2%13.2% | 9.8%7.3% | 22.7%20.1% |
| 3 Year | 42.3%42.3% | 19.1%10.7% | 50.1%40.5% |
| 5 Year | 251.9%251.9% | 60.4%42.6% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is MMA Capital Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Type Of Shareholder Owns MMA Capital Holdings, Inc.'s (NASDAQ:MMAC)?6 months ago | Simply Wall St
If You Had Bought MMA Capital Holdings (NASDAQ:MMAC) Shares Five Years Ago You'd Have Made 229%8 months ago | Simply Wall St
What Kind Of Shareholder Appears On The MMA Capital Holdings, Inc.'s (NASDAQ:MMAC) Shareholder Register?Valuation
Is MMA Capital Holdings undervalued compared to its fair value and its price relative to the market?
3.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MMAC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MMAC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MMAC is good value based on its PE Ratio (3.8x) compared to the Mortgage industry average (13.7x).
PE vs Market: MMAC is good value based on its PE Ratio (3.8x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MMAC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MMAC is good value based on its PB Ratio (0.8x) compared to the US Mortgage industry average (1.1x).
Next Steps
Future Growth
How is MMA Capital Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.4%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MMA Capital Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether MMA Capital Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has MMA Capital Holdings performed over the past 5 years?
25.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MMAC has a large one-off gain of $44.4M impacting its September 30 2019 financial results.
Growing Profit Margin: MMAC's current net profit margins are higher than last year (29.2%).
Past Earnings Growth Analysis
Earnings Trend: MMAC's earnings have grown significantly by 25.9% per year over the past 5 years.
Accelerating Growth: MMAC's earnings growth over the past year (719.2%) exceeds its 5-year average (25.9% per year).
Earnings vs Industry: MMAC earnings growth over the past year (719.2%) exceeded the Mortgage industry 11.1%.
Return on Equity
High ROE: MMAC's Return on Equity (22.6%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is MMA Capital Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: MMAC has a low level of unsold assets or inventory.
Debt Coverage by Assets: MMAC's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: MMAC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if MMAC has a sufficient allowance for bad loans.
Low Risk Liabilities: MMAC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MMAC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MMAC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MMAC has an appropriate level of bad loans.
Next Steps
Dividend
What is MMA Capital Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MMAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MMAC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MMAC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MMAC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MMAC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Mike Falcone (57yo)
15.1yrs
Tenure
US$1,722,314
Compensation
Mr. Michael L. Falcone, also known as Mike, has been the Chief Executive Officer at MMA Capital Holdings, Inc. since January 1, 2005 and was its President since December 1997. Mr. Falcone serves as the Chi ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 15.1yrs | US$1.72m | 5.79% $10.7m | |
| President & COO | 2.1yrs | US$1.51m | 4.53% $8.4m | |
| Executive VP & CFO | 4.5yrs | US$873.40k | 0.16% $300.6k | |
| Secretary & VP of Tax | 0yrs | no data | no data | |
| Senior Vice President | 5.1yrs | no data | no data |
4.8yrs
Average Tenure
54yo
Average Age
Experienced Management: MMAC's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 15.1yrs | US$1.72m | 5.79% $10.7m | |
| Director | 0.08yrs | no data | no data | |
| Chairman of the Board | 5.9yrs | US$140.00k | 0.040% $74.6k | |
| Non-Executive Director | 8.5yrs | US$130.00k | 0.86% $1.6m | |
| Non-Executive Director | 1.7yrs | no data | 0.27% $506.5k | |
| Non-Executive Director | 7.1yrs | US$130.00k | 0.091% $169.5k | |
| Non-Executive Director | 3.5yrs | US$120.00k | 0.37% $687.3k | |
| Director | 0.08yrs | no data | no data |
4.7yrs
Average Tenure
58yo
Average Age
Experienced Board: MMAC's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Top Shareholders
Company Information
MMA Capital Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: MMA Capital Holdings, Inc.
- Ticker: MMAC
- Exchange: NasdaqCM
- Founded: 1995
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$185.762m
- Shares outstanding: 5.76m
- Website: https://mmacapitalholdings.com
Number of Employees
Location
- MMA Capital Holdings, Inc.
- 3600 O’Donnell Street
- Suite 600
- Baltimore
- Maryland
- 21224
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MMAC | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | Aug 1996 |
Biography
MMA Capital Holdings, Inc. invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc. in January 2019. MMA Capital Holdings, Inc. was founded in 1995 and is headquartered in Baltimore, Maryland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:46 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.