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EIC

Eagle Point IncomeNYSE:EIC Stock Report

Last Price

US$17.21

Market Cap

US$117.3m

7D

-1.0%

1Y

12.9%

Updated

19 Jan, 2022

Data

Company Financials
EIC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

EIC Stock Overview

No business description

Price History & Performance

Summary of all time highs, changes and price drops for Eagle Point Income
Historical stock prices
Current Share PriceUS$17.21
52 Week HighUS$19.53
52 Week LowUS$14.82
Beta0.80
1 Month Change0.82%
3 Month Change-10.69%
1 Year Change12.85%
3 Year Changen/a
5 Year Changen/a
Change since IPO-11.97%

Recent News & Updates

Nov 19

EIC Vs. HYG: An In-Depth Comparison Of 2 High Yield Options

Today, investors are left searching for income as inflation soars and yields remain substantially compressed. HYG is the world’s largest ETF of non-investment grade corporate bonds. EIC is a closed end fund which invests in junior debt and equity tranches of CLOs. We take a deep look, comparing these two high yield income funds.

Oct 16

Eagle Point Income: More Income, Less Risk, And A Fund Institutional Investors Love

EIC recently increased its distribution by 33%, boosting its yield to over 8% (although the market has since bid the price up and yield down to 7.8%). Yields like a high-yield bond fund, but with a less risky portfolio. Sustainable distribution from its Net Investment Income, even through the crash early last year. Institutional investors like it, currently owning 67% along with insiders, with Enstar Insurance holding over 60%.

Nov 17

Eagle Point Income Company Inc. 2020 Q3 - Results - Earnings Call Presentation

The following slide deck was published by Eagle Point Income Company Inc. in conjunction with their 2020 Q3 earnings call.

Nov 13

Eagle Point Income Company declares $0.08 dividend

Eagle Point Income Company (EIC) declares $0.08/share monthly dividend, in line with previous.Forward yield 7.16%Payable Jan. 29; for shareholders of record Jan. 12; ex-div Jan. 11.Payable Feb. 26; for shareholders of record Feb. 12; ex-div Feb. 11.Payable Mar. 31; for shareholders of record Mar. 12; ex-div Mar. 11.See EIC Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

EICUS Capital MarketsUS Market
7D-1.0%-5.5%-4.6%
1Y12.9%24.6%7.7%

Return vs Industry: EIC underperformed the US Capital Markets industry which returned 25.7% over the past year.

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

Price Volatility

Is EIC's price volatile compared to industry and market?
EIC volatility
EIC Average Weekly Movement2.0%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: EIC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: EIC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aThomas Majewski

Eagle Point Income Fundamentals Summary

How do Eagle Point Income's earnings and revenue compare to its market cap?
EIC fundamental statistics
Market CapUS$117.30m
Earnings (TTM)US$24.74m
Revenue (TTM)US$10.73m

4.7x

P/E Ratio

10.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EIC income statement (TTM)
RevenueUS$10.73m
Cost of RevenueUS$0
Gross ProfitUS$10.73m
Expenses-US$14.01m
EarningsUS$24.74m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.63
Gross Margin100.00%
Net Profit Margin230.59%
Debt/Equity Ratio23.0%

How did EIC perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

25%

Payout Ratio

Does EIC pay a reliable dividends?

See EIC dividend history and benchmarks
When do you need to buy EIC by to receive an upcoming dividend?
Eagle Point Income dividend dates
Ex Dividend DateFeb 07 2022
Dividend Pay DateFeb 28 2022
Days until Ex dividend18 days
Days until Dividend pay date39 days

Does EIC pay a reliable dividends?

See EIC dividend history and benchmarks

Valuation

Is Eagle Point Income undervalued compared to its fair value and its price relative to the market?

4.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate EIC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate EIC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: EIC is good value based on its PE Ratio (4.7x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: EIC is good value based on its PE Ratio (4.7x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EIC is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Eagle Point Income forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eagle Point Income has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Eagle Point Income performed over the past 5 years?

-7.2%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: EIC has a high level of non-cash earnings.

Growing Profit Margin: EIC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: EIC has become profitable over the past 5 years.

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

Earnings vs Industry: EIC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: EIC's Return on Equity (22.7%) is considered high.

Financial Health

How is Eagle Point Income's financial position?


Financial Position Analysis

Short Term Liabilities: EIC's short term assets ($4.5M) do not cover its short term liabilities ($8.4M).

Long Term Liabilities: EIC's short term assets ($4.5M) do not cover its long term liabilities ($25.0M).


Debt to Equity History and Analysis

Debt Level: EIC's net debt to equity ratio (22.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EIC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EIC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: EIC's interest payments on its debt are well covered by EBIT (14.6x coverage).


Balance Sheet

Dividend

What is Eagle Point Income current dividend yield, its reliability and sustainability?

7.23%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateFeb 07 2022Dividend Pay DateFeb 28 202221 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EIC's dividend (7.23%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: EIC's dividend (7.23%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: EIC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: EIC has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (25%), EIC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

3.3yrs

Average management tenure


CEO

Thomas Majewski (46 yo)

3.33yrs

Tenure

Mr. Thomas Philip Majewski is a Managing Partner Eagle Point Credit Management LLC since September 2012. He serves as Managing Partner at Eagle Point Income Management LLC since September 2018. He is the C...


Leadership Team

Experienced Management: EIC's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: EIC's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EIC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.


Top Shareholders

Company Information

Eagle Point Income Company Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Eagle Point Income Company Inc.
  • Ticker: EIC
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$117.299m
  • Shares outstanding: 6.82m

Location

  • Eagle Point Income Company Inc.
  • 600 Steamboat Road
  • Suite 202
  • Greenwich
  • Connecticut
  • 6830
  • 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 23:51
End of Day Share Price2022/01/19 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.