Eagle Point Credit
Market Cap
US$367.6m
Last Updated
2021/03/02 23:12 UTC
Data Sources
Company Financials +
Executive Summary
Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. More Details
Rewards
Snowflake Analysis
Share Price & News
How has Eagle Point Credit's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ECC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ECC's weekly volatility has decreased from 13% to 4% over the past year.
Market Performance
7 Day Return
0%
ECC
1.0%
US Capital Markets
-0.7%
US Market
1 Year Return
-17.8%
ECC
38.8%
US Capital Markets
36.6%
US Market
Return vs Industry: ECC underperformed the US Capital Markets industry which returned 36.1% over the past year.
Return vs Market: ECC underperformed the US Market which returned 41.9% over the past year.
Shareholder returns
| ECC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.0% | -0.7% |
| 30 Day | 6.5% | 10.8% | 4.3% |
| 90 Day | 22.5% | 17.0% | 8.1% |
| 1 Year | -7.1%-17.8% | 42.2%38.8% | 39.6%36.6% |
| 3 Year | -4.5%-36.3% | 40.1%29.7% | 53.5%43.7% |
| 5 Year | 42.3%-29.4% | 152.2%121.0% | 123.7%98.8% |
Long-Term Price Volatility Vs. Market
How volatile is Eagle Point Credit's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 years ago | Simply Wall St
What Is Eagle Point Credit Company Inc's (ECC) Share Price Doing?Valuation
Is Eagle Point Credit undervalued compared to its fair value and its price relative to the market?
6.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate ECC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate ECC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: ECC is good value based on its PE Ratio (6.1x) compared to the US Capital Markets industry average (23.1x).
PE vs Market: ECC is good value based on its PE Ratio (6.1x) compared to the US market (21.7x).
Price to Earnings Growth Ratio
PEG Ratio: ECC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ECC is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (14.4x).
Future Growth
How is Eagle Point Credit forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-18.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ECC's earnings are forecast to decline over the next 3 years (-18.5% per year).
Earnings vs Market: ECC's earnings are forecast to decline over the next 3 years (-18.5% per year).
High Growth Earnings: ECC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ECC's revenue (5.9% per year) is forecast to grow slower than the US market (10.7% per year).
High Growth Revenue: ECC's revenue (5.9% 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 ECC's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Eagle Point Credit performed over the past 5 years?
-33.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ECC has a large one-off gain of $24.9M impacting its December 31 2020 financial results.
Growing Profit Margin: ECC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ECC has become profitable over the past 5 years, growing earnings by -33% per year.
Accelerating Growth: ECC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ECC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.5%).
Return on Equity
High ROE: ECC's Return on Equity (16.8%) is considered low.
Financial Health
How is Eagle Point Credit's financial position?
Financial Position Analysis
Short Term Liabilities: ECC's short term assets ($29.1M) exceed its short term liabilities ($12.0M).
Long Term Liabilities: ECC's short term assets ($29.1M) do not cover its long term liabilities ($139.0M).
Debt to Equity History and Analysis
Debt Level: ECC's debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: ECC's debt to equity ratio has increased from 35.5% to 38.4% over the past 5 years.
Debt Coverage: ECC's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: ECC's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Dividend
What is Eagle Point Credit current dividend yield, its reliability and sustainability?
8.38%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ECC's dividend (8.38%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: ECC's dividend (8.38%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: ECC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ECC has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.1%), ECC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ECC's dividends in 3 years are forecast to be covered by earnings (80.2% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Thomas Majewski (45 yo)
6.83yrs
Tenure
Mr. Thomas Philip Majewski is a Managing Partner Eagle Point Credit Management LLC since September 2012. He serves as Managing Partner at Eagle Point Income Management LLC since September 2018. He is the C...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Interested Director | 6.83yrs | no data | 0.19% $ 704.3k | |
| CFO & COO | 6.67yrs | no data | 0.085% $ 311.2k | |
| Director of Marketing and Investor Relations | no data | no data | no data | |
| General Counsel & Chief Compliance Officer | no data | no data | 0.0046% $ 17.1k | |
| Secretary | 5.58yrs | no data | 0.00022% $ 808.6 |
6.7yrs
Average Tenure
42yo
Average Age
Experienced Management: ECC's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Interested Director | 6.83yrs | no data | 0.19% $ 704.3k | |
| Chairperson of the Board | 6.83yrs | no data | no data | |
| Lead Independent Director | no data | US$116.46k | 0.039% $ 142.0k | |
| Independent Director | 6.83yrs | US$102.92k | 0.031% $ 113.5k | |
| Independent Director | 6.83yrs | US$108.33k | 0.048% $ 176.3k | |
| Independent Director | 6.83yrs | US$102.92k | 0.084% $ 308.2k |
6.8yrs
Average Tenure
54yo
Average Age
Experienced Board: ECC's board of directors are considered experienced (6.8 years average tenure).
Ownership
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13%.
Top Shareholders
Company Information
Eagle Point Credit Company Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Eagle Point Credit Company Inc.
- Ticker: ECC
- Exchange: NYSE
- Founded: 2014
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$367.552m
- Shares outstanding: 32.35m
- Website: https://www.eaglepointcreditcompany.com
Location
- Eagle Point Credit Company Inc.
- 20 Horseneck Lane
- Greenwich
- Connecticut
- 6830
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ECC | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2014 |
| ECCB | NYSE (New York Stock Exchange) | PFD STK SER B | US | USD | Oct 2016 |
Biography
Eagle Point Credit Company Inc. is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/02 23:12 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.