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EFC

Ellington Financial NYSE:EFC Stock Report

Last Price

US$15.28

Market Cap

US$929.1m

7D

-1.1%

1Y

-18.7%

Updated

24 May, 2022

Data

Company Financials +
EFC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends3/6

EFC Stock Overview

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.

Ellington Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ellington Financial
Historical stock prices
Current Share PriceUS$15.28
52 Week HighUS$19.60
52 Week LowUS$14.29
Beta1.88
1 Month Change-7.84%
3 Month Change-9.21%
1 Year Change-18.72%
3 Year Change-14.73%
5 Year Change-8.61%
Change since IPO-29.75%

Recent News & Updates

Shareholder Returns

EFCUS Mortgage REITsUS Market
7D-1.1%-1.8%-4.0%
1Y-18.7%-20.3%-13.2%

Return vs Industry: EFC exceeded the US Mortgage REITs industry which returned -21.1% over the past year.

Return vs Market: EFC underperformed the US Market which returned -12.3% over the past year.

Price Volatility

Is EFC's price volatile compared to industry and market?
EFC volatility
EFC Average Weekly Movement3.5%
Mortgage REITs Industry Average Movement4.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

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.

About the Company

FoundedEmployeesCEOWebsite
2007n/aLarry Pennhttps://www.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 residential mortgage loans; 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.

Ellington Financial Fundamentals Summary

How do Ellington Financial's earnings and revenue compare to its market cap?
EFC fundamental statistics
Market CapUS$929.10m
Earnings (TTM)US$77.59m
Revenue (TTM)US$103.63m

11.8x

P/E Ratio

8.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EFC income statement (TTM)
RevenueUS$103.63m
Cost of RevenueUS$0
Gross ProfitUS$103.63m
Other ExpensesUS$26.04m
EarningsUS$77.59m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.29
Gross Margin100.00%
Net Profit Margin74.87%
Debt/Equity Ratio324.6%

How did EFC perform over the long term?

See historical performance and comparison

Dividends

11.8%

Current Dividend Yield

120%

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 DateMay 27 2022
Dividend Pay DateJun 27 2022
Days until Ex dividend1 day
Days until Dividend pay date32 days

Does EFC pay a reliable dividends?

See EFC dividend history and benchmarks

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


27.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EFC ($15.28) is trading below our estimate of fair value ($21)

Significantly Below Fair Value: EFC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EFC's Price-To-Earnings Ratio (11.8x) is in line with the US Mortgage REITs industry average.

PE vs Market: EFC is good value based on its Price-To-Earnings Ratio (11.8x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: EFC is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: EFC's Price-To-Book Ratio (0.9x) is in line with the US Mortgage REITs industry average.


Future Growth

How is Ellington Financial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EFC's forecast earnings growth (20.5% per year) is above the savings rate (1.9%).

Earnings vs Market: EFC's earnings (20.5% per year) are forecast to grow faster than the US market (12.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EFC's revenue (42.2% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: EFC's revenue (42.2% per year) is forecast to grow faster than 20% 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 (10.1%).


Past Performance

How has Ellington Financial performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EFC has high quality earnings.

Growing Profit Margin: EFC's current net profit margins (74.9%) are lower than last year (90.6%).


Past Earnings Growth Analysis

Earnings Trend: EFC's earnings have grown significantly by 25.5% per year over the past 5 years.

Accelerating Growth: EFC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EFC had negative earnings growth (-57.9%) over the past year, making it difficult to compare to the Mortgage REITs industry average (5.4%).


Return on Equity

High ROE: EFC's Return on Equity (7%) is considered low.


Financial Health

How is Ellington Financial's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EFC's short term assets ($3.7B) exceed its short term liabilities ($2.7B).

Long Term Liabilities: EFC's short term assets ($3.7B) exceed its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: EFC's net debt to equity ratio (282.3%) is considered high.

Reducing Debt: EFC's debt to equity ratio has increased from 178.8% to 324.6% over the past 5 years.

Debt Coverage: EFC's debt is not well covered by operating cash flow (1.7%).

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?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


11.78%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 25 2022Ex Dividend DateMay 27 2022Dividend Pay DateJun 27 202231 days from Ex DividendBuy in the next 1 day to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EFC's dividend (11.78%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: EFC's dividend (11.78%) is in the top 25% of dividend payers in the US market (4.05%)


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 increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (120%), EFC's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (145.8%), EFC's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

8.6yrs

Average management tenure


CEO

Larry Penn (59 yo)

14.75yrs

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 August 2012. He serv...


Leadership Team

Experienced Management: EFC's management team is seasoned and experienced (8.6 years average tenure).


Board Members

Experienced Board: EFC's board of directors are seasoned and experienced ( 14.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.8%.


Top Shareholders

Company Information

Ellington Financial Inc.'s 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$929.099m
  • Market Cap: US$917.502m
  • Shares outstanding: 60.81m
  • Website: https://www.ellingtonfinancial.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.