Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. More Details
Second-rate dividend payer with questionable track record.
Share Price & News
How has Capstead Mortgage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CMO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CMO's weekly volatility (3%) has been stable over the past year.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: CMO underperformed the US Mortgage REITs industry which returned 38.3% over the past year.
Return vs Market: CMO underperformed the US Market which returned 39.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Capstead Mortgage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StDo Institutions Own Capstead Mortgage Corporation (NYSE:CMO) Shares?
5 months ago | Simply Wall StShould You Take Comfort From Insider Transactions At Capstead Mortgage Corporation (NYSE:CMO)?
Is Capstead Mortgage undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CMO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CMO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CMO is poor value based on its PE Ratio (8.3x) compared to the US Mortgage REITs industry average (7.7x).
PE vs Market: CMO is good value based on its PE Ratio (8.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CMO is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: CMO's PB Ratio (1x) is in line with the US Mortgage REITs industry average.
How is Capstead Mortgage forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMO's forecast earnings growth (7.5% per year) is above the savings rate (2%).
Earnings vs Market: CMO's earnings (7.5% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: CMO's earnings are forecast to grow, but not significantly.
Revenue vs Market: CMO's revenue (1.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: CMO's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CMO's Return on Equity is forecast to be high in 3 years time
How has Capstead Mortgage performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMO has high quality earnings.
Growing Profit Margin: CMO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CMO's earnings have declined by 57.4% per year over the past 5 years.
Accelerating Growth: CMO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CMO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (53.6%).
Return on Equity
High ROE: CMO's Return on Equity (10.4%) is considered low.
How is Capstead Mortgage's financial position?
Financial Position Analysis
Short Term Liabilities: CMO's short term assets ($464.5M) do not cover its short term liabilities ($6.9B).
Long Term Liabilities: CMO's short term assets ($464.5M) exceed its long term liabilities ($98.5M).
Debt to Equity History and Analysis
Debt Level: CMO's debt to equity ratio (766.9%) is considered high.
Reducing Debt: CMO's debt to equity ratio has reduced from 995.1% to 766.9% over the past 5 years.
Debt Coverage: CMO's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: Insufficient data to determine if CMO's interest payments on its debt are well covered by EBIT.
What is Capstead Mortgage current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMO's dividend (9.3%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: CMO's dividend (9.3%) is in the top 25% of dividend payers in the US market (3.56%)
Stability and Growth of Payments
Stable Dividend: CMO's dividend payments have been volatile in the past 10 years.
Growing Dividend: CMO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.1%), CMO's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Phil Reinsch (60 yo)
Mr. Phillip A. Reinsch, also known as Phil, has been the Chief Executive Officer and President at Capstead Mortgage Corporation since July 14, 2016. Mr. Reinsch had been the Chief Financial Officer and Sec...
CEO Compensation Analysis
Compensation vs Market: Phil's total compensation ($USD2.03M) is about average for companies of similar size in the US market ($USD2.44M).
Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.
Experienced Management: CMO's management team is considered experienced (4.4 years average tenure).
Experienced Board: CMO's board of directors are seasoned and experienced ( 12.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Capstead Mortgage Corporation's company bio, employee growth, exchange listings and data sources
- Name: Capstead Mortgage Corporation
- Ticker: CMO
- Exchange: NYSE
- Founded: 1985
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$624.669m
- Shares outstanding: 96.85m
- Website: https://www.capstead.com
Number of Employees
- Capstead Mortgage Corporation
- 8401 North Central Expressway
- Suite 800
- United States
Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/27 01:11|
|End of Day Share Price||2021/07/26 00:00|
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.