company background image
EFC logo

Ellington Financial NYSE:EFC Stock Report

Last Price

US$12.34

Market Cap

US$1.1b

7D

1.3%

1Y

0.8%

Updated

05 Jan, 2025

Data

Company Financials +

Ellington Financial Inc.

NYSE:EFC Stock Report

Market Cap: US$1.1b

EFC Stock Overview

Through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. More details

EFC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health2/6
Dividends2/6

Rewards

Trading at 29.1% below our estimate of its fair value

Earnings are forecast to grow 17.51% per year

Earnings grew by 51.7% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 12.64% is not well covered by earnings or free cash flows

Shareholders have been diluted in the past year

Significant insider selling over the past 3 months


My Notes

Capture your thoughts, links and company narrative

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 7 Analysts

Refinancing And Diversification Will Drive Long-Term Earnings Stability

Key Takeaways Strategic focus on high-yielding loan portfolios and securitizations supports growth in revenue, net margins, and earnings. Refinancing and diversified product sourcing enhance profitability and capital efficiency, indicating long-term earnings expansion.
View narrative
US$13.75
FV
10.3% undervalued intrinsic discount
24.51%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
9users have followed this narrative
3 days ago author updated this narrative

Ellington Financial Inc. Competitors

ARMOUR Residential REIT

NYSE:ARR

US$1.1b

PennyMac Mortgage Investment Trust

NYSE:PMT

US$1.1b

Orchid Island Capital

NYSE:ORC

US$622.8m

Franklin BSP Realty Trust

NYSE:FBRT

US$1.0b

Price History & Performance

Summary of share price highs, lows and changes for Ellington Financial
Historical stock prices
Current Share PriceUS$12.34
52 Week HighUS$13.46
52 Week LowUS$10.88
Beta1.97
1 Month Change0.57%
3 Month Change-0.24%
1 Year Change0.82%
3 Year Change-28.96%
5 Year Change-33.08%
Change since IPO-43.26%

Recent News & Updates

Recent updates

Ellington Financial: Offers Monthly Dividends And Should Benefit From Lower Interest Rates

Sep 29

Ellington Financial: Well Positioned For A Housing Market Recovery

Apr 04

Ellington Financial: Get 14% Yield Paid Monthly From This Growing REIT

Jan 13

Ellington Financial: Lack Of Dividend Coverage Makes Me Hesitant

Sep 25

Ellington Financial: Impending Acquisitions, A Potential Turning Point

Jul 06

Analyst Forecasts Just Became More Bearish On Ellington Financial Inc. (NYSE:EFC)

Feb 26
Analyst Forecasts Just Became More Bearish On Ellington Financial Inc. (NYSE:EFC)

Ellington Financial Non-GAAP EPS of $0.42 misses by $0.01

Feb 23

Shareholder Returns

EFCUS Mortgage REITsUS Market
7D1.3%1.0%-0.2%
1Y0.8%-7.4%25.8%

Return vs Industry: EFC exceeded the US Mortgage REITs industry which returned -7.4% over the past year.

Return vs Market: EFC underperformed the US Market which returned 25.6% over the past year.

Price Volatility

Is EFC's price volatile compared to industry and market?
EFC volatility
EFC Average Weekly Movement2.1%
Mortgage REITs Industry Average Movement3.4%
Market Average Movement6.4%
10% most volatile stocks in US Market18.6%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: EFC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007400Larry Pennwww.ellingtonfinancial.com

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S. government-sponsored entity; residential mortgage loans; commercial mortgage-backed securities; and commercial mortgage loans and other commercial real estate debt. It also provides collateralized loan obligations; mortgage-related and non-mortgage-related derivatives; corporate debt and equity securities; corporate loans; and other strategic investments; and consumer loans and asset-backed securities backed by consumer and commercial assets.

Ellington Financial Inc. Fundamentals Summary

How do Ellington Financial's earnings and revenue compare to its market cap?
EFC fundamental statistics
Market capUS$1.13b
Earnings (TTM)US$107.93m
Revenue (TTM)US$290.29m

10.4x

P/E Ratio

3.9x

P/S Ratio

Is EFC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EFC income statement (TTM)
RevenueUS$290.29m
Cost of RevenueUS$0
Gross ProfitUS$290.29m
Other ExpensesUS$182.36m
EarningsUS$107.93m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.19
Gross Margin100.00%
Net Profit Margin37.18%
Debt/Equity Ratio852.5%

How did EFC perform over the long term?

See historical performance and comparison

Dividends

12.6%

Current Dividend Yield

126%

Payout Ratio

Does EFC pay a reliable dividends?

See EFC dividend history and benchmarks
When do you need to buy EFC by to receive an upcoming dividend?
Ellington Financial dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 27 2025
Days until Ex dividend5 days
Days until Dividend pay date22 days

Does EFC pay a reliable dividends?

See EFC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 04:33
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Ellington Financial Inc. is covered by 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek HewettBofA Global Research
Matthew HowlettB. Riley Securities, Inc.
Eric HagenBTIG