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
High growth potential second-rate dividend payer.
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 has not had significant price volatility in the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: EFC exceeded the US Mortgage REITs industry which returned -37.5% over the past year.
Return vs Market: EFC underperformed the US Market which returned 13.8% over the past year.
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 StDo Institutions Own Ellington Financial Inc. (NYSE:EFC) Shares?
4 months ago | Simply Wall StDoes Ellington Financial Inc. (NYSE:EFC) Have A High Beta?
5 months ago | Simply Wall StWhat Type Of Shareholder Owns Ellington Financial Inc.'s (NYSE:EFC)?
Is Ellington Financial undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: EFC ($12.61) is trading above our estimate of fair value ($7.67)
Significantly Below Fair Value: EFC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EFC is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.
PE vs Market: EFC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EFC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EFC's PB Ratio (0.8x) 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 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: EFC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EFC's is expected to become profitable in the next 3 years.
Revenue vs Market: EFC's revenue (46.8% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: EFC's revenue (46.8% 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 (7.6%).
How has Ellington Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EFC is currently unprofitable.
Growing Profit Margin: EFC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EFC is unprofitable, and losses have increased over the past 5 years at a rate of 10.9% per year.
Accelerating Growth: Unable to compare EFC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EFC is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-36.7%).
Return on Equity
High ROE: EFC has a negative Return on Equity (-6.55%), as it is currently unprofitable.
How is Ellington Financial's financial position?
Financial Position Analysis
Short Term Liabilities: EFC's short term assets ($1.7B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: EFC's short term assets ($1.7B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: EFC's debt to equity ratio (276.2%) is considered high.
Reducing Debt: EFC's debt to equity ratio has increased from 181.2% to 276.2% over the past 5 years.
Debt Coverage: EFC's debt is not well covered by operating cash flow (4.4%).
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 (8.56%) is higher than the bottom 25% of dividend payers in the US market (1.72%).
High Dividend: EFC's dividend (8.56%) is in the top 25% of dividend payers in the US market (4.94%)
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: EFC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: EFC's dividends in 3 years are forecast to be covered by earnings (77.7% 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 the Executive Vice President at Ellington Financial Management LLC and also serves as the Vice Chairman at Ellington Global Asset Management, LLC. Mr. ...
|Chief Financial Officer||2.5yrs||US$653.82k||no data|
|Chief Accounting Officer||2.5yrs||US$476.11k||no data|
|CEO, President & Director||13.08yrs||no data||0.24% |
|Co-Chief Investment Officer||12.5yrs||no data||no data|
|Co-Chief Investment Officer||11.25yrs||no data||4.4% |
|General Counsel||7.08yrs||no data||no data|
|Deputy General Counsel & Secretary||6.75yrs||no data||no data|
|Controller||2.42yrs||no data||no data|
Experienced Management: EFC's management team is seasoned and experienced (6.9 years average tenure).
|CEO, President & Director||13.08yrs||no data||0.24% |
|Independent Director||13.08yrs||US$143.04k||0.076% |
|Independent Chairman of the Board||10.92yrs||US$175.54k||0.0029% |
|Independent Director||13.08yrs||US$143.04k||0.0057% |
Experienced Board: EFC's board of directors are seasoned and experienced ( 13.1 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 been diluted in the past year, with total shares outstanding growing by 28.6%.
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$559.720m
- Market Cap: US$552.041m
- Shares outstanding: 44.39m
- Website: https://www.ellingtonfinancial.com
- Ellington Financial Inc.
- 53 Forest Avenue
- Old Greenwich
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EFC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Oct 2010|
|1EL||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2010|
|0A26||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Oct 2010|
|EFC.PRA||NYSE (New York Stock Exchange)||6.75% SER A PFD||US||USD||Oct 2019|
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||2020/09/27 06:17|
|End of Day Share Price||2020/09/25 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.