VEL Stock Overview
Operates as a real estate finance company in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
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Velocity Financial, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$19.46 |
| 52 Week High | US$20.85 |
| 52 Week Low | US$13.78 |
| Beta | 1.03 |
| 1 Month Change | -4.75% |
| 3 Month Change | -0.46% |
| 1 Year Change | 17.73% |
| 3 Year Change | 44.04% |
| 5 Year Change | n/a |
| Change since IPO | 44.04% |
Recent News & Updates
Recent updates
Velocity Financial Should Continue To Do Well
Sep 26Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet
May 11
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price
Jan 05Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Nov 08Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Aug 09Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity
Jun 07Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M
Nov 03Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
May 09How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?
Jan 19
Shareholder Returns
| VEL | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | -4.7% | 2.4% | 2.8% |
| 1Y | 17.7% | 25.9% | 24.6% |
Return vs Industry: VEL underperformed the US Diversified Financial industry which returned 25.7% over the past year.
Return vs Market: VEL underperformed the US Market which returned 24.5% over the past year.
Price Volatility
| VEL volatility | |
|---|---|
| VEL Average Weekly Movement | 2.1% |
| Diversified Financial Industry Average Movement | 5.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: VEL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: VEL's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 253 | Chris Farrar | www.velfinance.com |
Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties.
Velocity Financial, Inc. Fundamentals Summary
| VEL fundamental statistics | |
|---|---|
| Market cap | US$642.76m |
| Earnings (TTM) | US$64.38m |
| Revenue (TTM) | US$161.83m |
10.0x
P/E Ratio4.0x
P/S RatioIs VEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VEL income statement (TTM) | |
|---|---|
| Revenue | US$161.83m |
| Cost of Revenue | US$37.71m |
| Gross Profit | US$124.12m |
| Other Expenses | US$59.74m |
| Earnings | US$64.38m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.94 |
| Gross Margin | 76.70% |
| Net Profit Margin | 39.79% |
| Debt/Equity Ratio | 937.9% |
How did VEL perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 06:00 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Velocity Financial, Inc. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Sarah Barcomb | BTIG |
| Arren Cyganovich | Citigroup Inc |