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Adamas Trust, Inc.NasdaqGS:ADAM.L Stock Report

Market Cap US$798.9m
Share Price
US$24.28
US$32.24
24.7% undervalued intrinsic discount
1Y10.6%
7D0.4%
1D
Portfolio Value
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Adamas Trust, Inc.

NasdaqGS:ADAM.L Stock Report

Market Cap: US$798.9m

Adamas Trust (ADAM.L) Stock Overview

Acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. More details

ADAM.L fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends3/6

Rewards

Price-To-Earnings ratio (7.4x) is below the US market (18.5x)

Became profitable this year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

Dividend of 10.36% is not well covered by free cash flows


ADAM.L Community Fair Values

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Adamas Trust, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Adamas Trust
Historical stock prices
Current Share PriceUS$24.28
52 Week HighUS$24.44
52 Week LowUS$20.84
Beta1.26
1 Month Change1.38%
3 Month Change3.32%
1 Year Change10.62%
3 Year Change45.22%
5 Year Changen/a
Change since IPO-3.88%

Recent News & Updates

Recent updates

Shareholder Returns

ADAM.LUS Mortgage REITsUS Market
7D0.4%-1.2%-0.8%
1Y10.6%2.1%27.1%

Return vs Industry: ADAM.L exceeded the US Mortgage REITs industry which returned 1.9% over the past year.

Return vs Market: ADAM.L underperformed the US Market which returned 26.7% over the past year.

Price Volatility

Is ADAM.L's price volatile compared to industry and market?
ADAM.L volatility
ADAM.L Average Weekly Movement1.2%
Mortgage REITs Industry Average Movement3.8%
Market Average Movement7.2%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.2%

Stable Share Price: ADAM.L has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ADAM.L's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003221Jason Serranowww.adamasreit.com

Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. The company operates through two segments: Investment Portfolio and Constructive. The Investment Portfolio segment manages a diversified portfolio primarily consisting of mortgage-related single-family and multifamily residential investments, including agency residential mortgage-backed securities (RMBS), non-agency RMBS, residential loans, such as business purpose loans, performing, re-performing, non-performing, and seasoned performing, multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental.

Adamas Trust, Inc. Fundamentals Summary

How do Adamas Trust's earnings and revenue compare to its market cap?
ADAM.L fundamental statistics
Market capUS$798.87m
Earnings (TTM)US$107.72m
Revenue (TTM)US$323.40m
7.4x
P/E Ratio
2.5x
P/S Ratio

Is ADAM.L overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ADAM.L income statement (TTM)
RevenueUS$323.40m
Cost of RevenueUS$80.85m
Gross ProfitUS$242.55m
Other ExpensesUS$134.83m
EarningsUS$107.72m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.20
Gross Margin75.00%
Net Profit Margin33.31%
Debt/Equity Ratio764.9%

How did ADAM.L perform over the long term?

See historical performance and comparison

Dividends

10.4%
Current Dividend Yield
75%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 08:10
End of Day Share Price 2026/05/21 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

Adamas Trust, Inc. is covered by 17 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.

AnalystInstitution
Mark DeVriesBarclays
Derek HewettBofA Global Research
Jason StewartBrean Capital Historical (Janney Montgomery)