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Market Cap

US$844.3m

Last Updated

2021/05/17 23:14 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Ellington Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EFC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: EFC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

7.9%

EFC

0.2%

US Mortgage REITs

-0.6%

US Market


1 Year Return

88.0%

EFC

68.2%

US Mortgage REITs

46.0%

US Market

Return vs Industry: EFC exceeded the US Mortgage REITs industry which returned 76.7% over the past year.

Return vs Market: EFC exceeded the US Market which returned 50.8% over the past year.


Shareholder returns

EFCIndustryMarket
7 Day7.9%0.2%-0.6%
30 Day9.4%0.6%-1.8%
90 Day19.0%6.7%0.2%
1 Year104.6%88.0%85.4%68.2%48.4%46.0%
3 Year62.6%19.3%11.6%-18.1%60.5%50.4%
5 Year84.0%8.1%53.3%-10.0%125.9%100.9%

Long-Term Price Volatility Vs. Market

How volatile is Ellington Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ellington Financial undervalued compared to its fair value and its price relative to the market?

6.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EFC ($19.29) is trading below our estimate of fair value ($20.61)

Significantly Below Fair Value: EFC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EFC is good value based on its PE Ratio (4.6x) compared to the US Mortgage REITs industry average (7.5x).

PE vs Market: EFC is good value based on its PE Ratio (4.6x) compared to the US market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: EFC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: EFC is overvalued based on its PB Ratio (1.1x) compared to the US Mortgage REITs industry average (0.9x).


Future Growth

How is Ellington Financial forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-34.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EFC's earnings are forecast to decline over the next 3 years (-34% per year).

Earnings vs Market: EFC's earnings are forecast to decline over the next 3 years (-34% per year).

High Growth Earnings: EFC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: EFC's revenue is expected to decline over the next 3 years (-12.5% per year).

High Growth Revenue: EFC's revenue is forecast to decline over the next 3 years (-12.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EFC's Return on Equity is forecast to be low in 3 years time (9.7%).


Past Performance

How has Ellington Financial performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EFC has high quality earnings.

Growing Profit Margin: EFC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EFC has become profitable over the past 5 years, growing earnings by 14.7% per year.

Accelerating Growth: EFC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: EFC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (53.9%).


Return on Equity

High ROE: Whilst EFC's Return on Equity (20.99%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Ellington Financial's financial position?


Financial Position Analysis

Short Term Liabilities: EFC's short term assets ($1.9B) do not cover its short term liabilities ($2.0B).

Long Term Liabilities: EFC's short term assets ($1.9B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: EFC's debt to equity ratio (317%) is considered high.

Reducing Debt: EFC's debt to equity ratio has increased from 180.9% to 317% over the past 5 years.

Debt Coverage: EFC's debt is not well covered by operating cash flow (3.3%).

Interest Coverage: Insufficient data to determine if EFC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Ellington Financial current dividend yield, its reliability and sustainability?

9.33%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 18 2021Ex Dividend DateMay 27 2021Dividend Pay DateJun 25 202129 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EFC's dividend (9.33%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: EFC's dividend (9.33%) is in the top 25% of dividend payers in the US market (3.42%)


Stability and Growth of Payments

Stable Dividend: EFC's dividend payments have been volatile in the past 10 years.

Growing Dividend: EFC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.3%), EFC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EFC's dividends in 3 years are forecast to be covered by earnings (86.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average management tenure


CEO

Larry Penn (58 yo)

13.75yrs

Tenure

Mr. Laurence Eric Penn, also known as Larry, serves as Chief Executive Officer, President at Ellington Residential Mortgage REIT since October 2012 and also serves as its Trustee since 2012. He serves as t...


Leadership Team

Experienced Management: EFC's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: EFC's board of directors are considered experienced (8.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ellington Financial Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ellington Financial Inc.
  • Ticker: EFC
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$844.293m
  • Market Cap: US$831.414m
  • Shares outstanding: 44.46m
  • Website: https://www.ellingtonfinancial.com

Location

  • Ellington Financial Inc.
  • 53 Forest Avenue
  • Old Greenwich
  • Connecticut
  • 6870
  • United States

Listings


Biography

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 th...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/17 23:14
End of Day Share Price2021/05/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.