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
Average dividend payer and fair value.
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.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: EFC exceeded the US Mortgage REITs industry which returned 63.8% over the past year.
Return vs Market: EFC exceeded the US Market which returned 50.2% over the past year.
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
1 month ago | Simply Wall StDid You Participate In Any Of Ellington Financial's (NYSE:EFC) Fantastic 184% Return ?
3 months ago | Simply Wall StIs Ellington Financial Inc.'s (NYSE:EFC) Shareholder Ownership Skewed Towards Insiders?
5 months ago | Simply Wall StAnalyst Forecasts Just Became More Bearish On Ellington Financial Inc. (NYSE:EFC)
Is Ellington Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EFC ($18.16) is trading below our estimate of fair value ($20.28)
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 (4.3x) compared to the US Mortgage REITs industry average (9.9x).
PE vs Market: EFC is good value based on its PE Ratio (4.3x) compared to the US market (20.2x).
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's PB Ratio (1x) is in line with the US Mortgage REITs industry average.
How is Ellington Financial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
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: Insufficient data to determine if EFC's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if EFC's revenue 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 (9.5%).
How has Ellington Financial performed over the past 5 years?
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 (41.1%).
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.
How is Ellington Financial's financial position?
Financial Position Analysis
Short Term Liabilities: EFC's short term assets ($1.9B) exceed its short term liabilities ($192.6M).
Long Term Liabilities: EFC's short term assets ($1.9B) do not cover its long term liabilities ($3.0B).
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 (4%).
Interest Coverage: Insufficient data to determine if EFC's interest payments on its debt are well covered by EBIT.
What is Ellington Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EFC's dividend (9.25%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: EFC's dividend (9.25%) is in the top 25% of dividend payers in the US market (3.41%)
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 (83.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Larry Penn (58 yo)
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...
Experienced Management: EFC's management team is seasoned and experienced (7.6 years average tenure).
Experienced Board: EFC's board of directors are considered experienced (8.3 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.
Ellington Financial Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Ellington Financial Inc.
- Ticker: EFC
- Exchange: NYSE
- Founded: 2007
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$807.078m
- Market Cap: US$795.075m
- Shares outstanding: 44.44m
- Website: https://www.ellingtonfinancial.com
- Ellington Financial Inc.
- 53 Forest Avenue
- Old Greenwich
- United States
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/08 23:21|
|End of Day Share Price||2021/05/07 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.