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LDI

loanDepot NYSE:LDI Stock Report

Last Price

US$1.85

Market Cap

US$573.6m

7D

3.9%

1Y

-80.4%

Updated

06 Aug, 2022

Data

Company Financials +
LDI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends3/6

LDI Stock Overview

loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States.

loanDepot Competitors

Price History & Performance

Summary of all time highs, changes and price drops for loanDepot
Historical stock prices
Current Share PriceUS$1.85
52 Week HighUS$10.36
52 Week LowUS$1.34
Beta0
1 Month Change17.83%
3 Month Change-34.16%
1 Year Change-80.42%
3 Year Changen/a
5 Year Changen/a
Change since IPO-91.59%

Recent News & Updates

Shareholder Returns

LDIUS MortgageUS Market
7D3.9%2.2%1.0%
1Y-80.4%-23.4%-12.9%

Return vs Industry: LDI underperformed the US Mortgage industry which returned -23.6% over the past year.

Return vs Market: LDI underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is LDI's price volatile compared to industry and market?
LDI volatility
LDI Average Weekly Movement12.8%
Mortgage Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: LDI is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: LDI's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201010,054Frank Martellhttps://www.loandepot.com

loanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.

loanDepot Fundamentals Summary

How do loanDepot's earnings and revenue compare to its market cap?
LDI fundamental statistics
Market CapUS$573.65m
Earnings (TTM)US$33.91m
Revenue (TTM)US$3.18b

8.6x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LDI income statement (TTM)
RevenueUS$3.18b
Cost of RevenueUS$293.41m
Gross ProfitUS$2.88b
Other ExpensesUS$2.85b
EarningsUS$33.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)0.21
Gross Margin90.76%
Net Profit Margin1.07%
Debt/Equity Ratio546.4%

How did LDI perform over the long term?

See historical performance and comparison

Dividends

17.3%

Current Dividend Yield

126%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LDI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LDI?

Other financial metrics that can be useful for relative valuation.

LDI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.05x

Price to Earnings Ratio vs Peers

How does LDI's PE Ratio compare to its peers?

LDI PE Ratio vs Peers
The above table shows the PE ratio for LDI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.1x
HMPT Home Point Capital
17.8x70.6%US$518.7m
HIFS Hingham Institution for Savings
13.9xn/aUS$635.3m
TRST TrustCo Bank Corp NY
9.7x-1.4%US$659.6m
LBC Luther Burbank
7.1x-16.8%US$662.3m
LDI loanDepot
8.6x168.1%US$573.6m

Price-To-Earnings vs Peers: LDI is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (13.1x).


Price to Earnings Ratio vs Industry

How does LDI's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: LDI is good value based on its Price-To-Earnings Ratio (8.6x) compared to the US Mortgage industry average (11.7x)


Price to Earnings Ratio vs Fair Ratio

What is LDI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LDI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.6x
Fair PE Ratio182.5x

Price-To-Earnings vs Fair Ratio: LDI is good value based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (182.5x).


Share Price vs Fair Value

What is the Fair Price of LDI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate LDI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LDI's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is loanDepot forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


168.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LDI's forecast earnings growth (168.1% per year) is above the savings rate (1.9%).

Earnings vs Market: LDI's earnings (168.1% per year) are forecast to grow faster than the US market (12.8% per year).

High Growth Earnings: LDI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LDI's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: LDI's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LDI's Return on Equity is forecast to be low in 3 years time (12.3%).


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Past Performance

How has loanDepot performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


54.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LDI has high quality earnings.

Growing Profit Margin: LDI's current net profit margins (1.1%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: LDI's earnings have grown significantly by 54.1% per year over the past 5 years.

Accelerating Growth: LDI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LDI had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Mortgage industry average (1.7%).


Return on Equity

High ROE: LDI's Return on Equity (6.9%) is considered low.


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Financial Health

How is loanDepot's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

1/6

Financial Health Score 1/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: LDI's Assets to Equity ratio (7x) is low.

Allowance for Bad Loans: Insufficient data to determine if LDI has a sufficient allowance for bad loans.

Low Risk Liabilities: LDI reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if LDI has an appropriate level of Loans to Assets ratio.

Low Risk Deposits: LDI reports no customer deposits, loans are made up entirely of externally borrowed funds.

Level of Bad Loans: Insufficient data to determine if LDI has an appropriate level of bad loans.


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Dividend

What is loanDepot current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


17.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LDI's dividend (17.3%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: LDI's dividend (17.3%) is in the top 25% of dividend payers in the US market (4.09%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether LDI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if LDI's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Earnings Coverage: With its high payout ratio (125.8%), LDI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LDI's dividends in 3 years are forecast to be thoroughly covered by earnings (9.4% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Frank Martell (62 yo)

0.33

Tenure

Mr. Frank D. Martell has been Director at Compass, Inc. since November 2021 and serves as its Independent Director since 2021. Mr. Martell serves as President, Chief Executive Officer and Director of loanD...


Leadership Team

Experienced Management: LDI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: LDI's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LDI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

loanDepot, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: loanDepot, Inc.
  • Ticker: LDI
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$573.649m
  • Market Cap: US$292.312m
  • Shares outstanding: 310.08m
  • Website: https://www.loandepot.com

Number of Employees


Location

  • loanDepot, Inc.
  • 26642 Towne Centre Drive
  • Foothill Ranch
  • California
  • 92610
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.