company background image
EFC

Ellington FinancialNYSE:EFC Stock Report

Last Price

US$17.89

Market Cap

US$1.0b

7D

1.6%

1Y

16.1%

Updated

19 Jan, 2022

Data

Company Financials +
EFC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
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

Annaly Capital Management

NYSE:NLY

US$11.4b

AGNC Investment

NasdaqGS:AGNC

US$8.0b

Starwood Property Trust

NYSE:STWD

US$7.7b

Blackstone Mortgage Trust

NYSE:BXMT

US$5.4b

Price History & Performance

Summary of all time highs, changes and price drops for Ellington Financial
Historical stock prices
Current Share PriceUS$17.89
52 Week HighUS$19.60
52 Week LowUS$14.85
Beta2.06
1 Month Change8.69%
3 Month Change-2.98%
1 Year Change16.09%
3 Year Change14.31%
5 Year Change14.02%
Change since IPO-17.75%

Recent News & Updates

Aug 20

Ellington Financial: A Solid Income Name

This company's portfolio is performing well and is quite diversified. We expect further dividend hikes are likely given the earnings power of the company's strategy. The stock is at a slight discount to book value. A great name for income in your long-term holdings.

Shareholder Returns

EFCUS Mortgage REITsUS Market
7D1.6%-2.4%-3.5%
1Y16.1%6.1%10.2%

Return vs Industry: EFC exceeded the US Mortgage REITs industry which returned 6.1% over the past year.

Return vs Market: EFC exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is EFC's price volatile compared to industry and market?
EFC volatility
EFC Average Weekly Movement3.0%
Mortgage REITs Industry Average Movement3.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

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$1.04b
Earnings (TTM)US$154.24m
Revenue (TTM)US$180.65m

6.7x

P/E Ratio

5.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EFC income statement (TTM)
RevenueUS$180.65m
Cost of RevenueUS$0
Gross ProfitUS$180.65m
ExpensesUS$26.42m
EarningsUS$154.24m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.65
Gross Margin100.00%
Net Profit Margin85.38%
Debt/Equity Ratio289.3%

How did EFC perform over the long term?

See historical performance and comparison

Dividends

10.1%

Current Dividend Yield

43%

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 DateJan 28 2022
Dividend Pay DateFeb 25 2022
Days until Ex dividend8 days
Days until Dividend pay date36 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?

29.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EFC ($17.89) is trading below our estimate of fair value ($25.21)

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


Price To Earnings Ratio

PE vs Industry: EFC is good value based on its PE Ratio (6.7x) compared to the US Mortgage REITs industry average (10.1x).

PE vs Market: EFC is good value based on its PE Ratio (6.7x) compared to the US market (17x).


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 4 analysts?

-7.3%

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 (-7.3% per year).

Earnings vs Market: EFC's earnings are forecast to decline over the next 3 years (-7.3% per year).

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

Revenue vs Market: EFC's revenue (4.9% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: EFC's revenue (4.9% per year) is forecast to grow slower 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%).


Past Performance

How has Ellington Financial performed over the past 5 years?

29.5%

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 29.5% 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 (46.7%).


Return on Equity

High ROE: EFC's Return on Equity (15.4%) is considered low.


Financial Health

How is Ellington Financial's financial position?


Financial Position Analysis

Short Term Liabilities: EFC's short term assets ($2.3B) exceed its short term liabilities ($2.2B).

Long Term Liabilities: EFC's short term assets ($2.3B) exceed its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: EFC's net debt to equity ratio (274.9%) is considered high.

Reducing Debt: EFC's debt to equity ratio has increased from 158.7% to 289.3% over the past 5 years.

Debt Coverage: EFC's debt is not well covered by operating cash flow (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?

10.06%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 19 2022Ex Dividend DateJan 28 2022Dividend Pay DateFeb 25 202228 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EFC's dividend (10.06%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: EFC's dividend (10.06%) is in the top 25% of dividend payers in the US market (3.48%)


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 (43.5%), EFC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EFC's dividends in 3 years are not forecast to be well covered by earnings (97.3% payout ratio).


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Larry Penn (59 yo)

14.42yrs

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 (8.3 years average tenure).


Board Members

Experienced Board: EFC's board of directors are seasoned and experienced ( 14.4 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 30.9%.


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$1.040b
  • Market Cap: US$1.027b
  • Shares outstanding: 58.12m
  • 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 Analysis2022/01/19 00:05
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
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.