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LDI

loanDepotNYSE:LDI Stock Report

Market Cap

US$1.6b

7D

-20.7%

1Y

n/a

Updated

28 Nov, 2021

Data

Company Financials +
LDI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health1/6
Dividends4/6

LDI Stock Overview

loanDepot, Inc. engages in the origination and servicing of conventional and government mortgage loans in the United States.

loanDepot Competitors

Mr. Cooper Group

NasdaqCM:COOP

US$3.1b

Guild Holdings

NYSE:GHLD

US$840.1m

Ocwen Financial

NYSE:OCN

US$297.6m

First Internet Bancorp

NasdaqGS:INBK

US$435.6m

Price History & Performance

Summary of all time highs, changes and price drops for loanDepot
Historical stock prices
Current Share PriceUS$5.26
52 Week HighUS$39.85
52 Week LowUS$5.12
Beta0
1 Month Change-19.82%
3 Month Change-36.63%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-76.09%

Recent News & Updates

Shareholder Returns

LDIUS MortgageUS Market
7D-20.7%-0.8%-2.7%
1Yn/a-0.1%21.3%

Return vs Industry: Insufficient data to determine how LDI performed against the US Mortgage industry.

Return vs Market: Insufficient data to determine how LDI performed against the US Market.

Price Volatility

Is LDI's price volatile compared to industry and market?
LDI volatility
LDI Average Weekly Movement10.3%
Mortgage Industry Average Movement3.6%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: LDI is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: LDI's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201011,664Anthony Hsiehhttps://www.loandepot.com

loanDepot, Inc. engages in the origination and servicing of conventional and government mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, home equity, Federal Housing Administration, and VA 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$1.62b
Earnings (TTM)US$2.12b
Revenue (TTM)US$4.54b

0.8x

P/E Ratio

3.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LDI income statement (TTM)
RevenueUS$4.54b
Cost of RevenueUS$288.97m
Gross ProfitUS$4.25b
ExpensesUS$2.13b
EarningsUS$2.12b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.89
Gross Margin93.64%
Net Profit Margin46.63%
Debt/Equity Ratio621.3%

How did LDI perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

1%

Payout Ratio

Valuation

Is loanDepot undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LDI ($5.26) is trading below our estimate of fair value ($35.2)

Significantly Below Fair Value: LDI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LDI is good value based on its PE Ratio (0.8x) compared to the US Mortgage industry average (12.4x).

PE vs Market: LDI is good value based on its PE Ratio (0.8x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: LDI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: LDI is overvalued based on its PB Ratio (3x) compared to the US Mortgage industry average (1x).


Future Growth

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

-15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LDI's earnings are forecast to decline over the next 3 years (-15.2% per year).

Earnings vs Market: LDI's earnings are forecast to decline over the next 3 years (-15.2% per year).

High Growth Earnings: LDI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LDI's revenue is expected to decline over the next 3 years (-8.4% per year).

High Growth Revenue: LDI's revenue is forecast to decline over the next 3 years (-8.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LDI's Return on Equity is forecast to be high in 3 years time (38%)


Past Performance

How has loanDepot performed over the past 5 years?

78.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LDI has a high level of non-cash earnings.

Growing Profit Margin: LDI's current net profit margins (46.6%) are higher than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: LDI's earnings have grown significantly by 78.8% per year over the past 5 years.

Accelerating Growth: LDI's earnings growth over the past year (12963.7%) exceeds its 5-year average (78.8% per year).

Earnings vs Industry: LDI earnings growth over the past year (12963.7%) exceeded the Mortgage industry 34.2%.


Return on Equity

High ROE: Whilst LDI's Return on Equity (69.69%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is loanDepot'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


Financial Institutions Analysis

Asset Level: LDI's Assets to Equity ratio (7.7x) 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.


Dividend

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

6.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LDI's dividend (6.08%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: LDI's dividend (6.08%) is in the top 25% of dividend payers in the US market (3.58%)


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

Dividend Coverage: With its low payout ratio (1%), LDI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LDI's dividends in 3 years are forecast to be well covered by earnings (16.1% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Anthony Hsieh (56 yo)

1

Tenure

US$50,436,969

Compensation

Mr. Anthony Li Hsieh has been the Chairman and Chief Executive Officer of loanDepot, Inc. since November 6, 2020. Mr. Hsieh has several years of experience in the lending industry. He is the Founder of loa...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD50.44M) is above average for companies of similar size in the US market ($USD3.64M).

Compensation vs Earnings: Anthony's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LDI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: LDI's board of directors are not considered experienced ( 0.8 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: LDI only recently listed within the past 12 months.


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$1.617b
  • Market Cap: US$701.718m
  • Shares outstanding: 307.50m
  • Website: https://www.loandepot.com

Number of Employees


Location

  • loanDepot, Inc.
  • Towne Centre Plaza
  • 26632, 26642 & 26672 Towne Ctr Dr
  • 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 Analysis2021/11/28 23:16
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.