| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
EIC Stock Overview
No business description
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.21 |
| 52 Week High | US$19.53 |
| 52 Week Low | US$14.82 |
| Beta | 0.80 |
| 1 Month Change | 0.82% |
| 3 Month Change | -10.69% |
| 1 Year Change | 12.85% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -11.97% |
Recent News & Updates
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.
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%.
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.
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
| EIC | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -1.0% | -5.5% | -4.6% |
| 1Y | 12.9% | 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
| EIC volatility | |
|---|---|
| EIC Average Weekly Movement | 2.0% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Thomas Majewski |
Eagle Point Income Fundamentals Summary
| EIC fundamental statistics | |
|---|---|
| Market Cap | US$117.30m |
| Earnings (TTM) | US$24.74m |
| Revenue (TTM) | US$10.73m |
4.7x
P/E Ratio10.9x
P/S RatioIs EIC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EIC income statement (TTM) | |
|---|---|
| Revenue | US$10.73m |
| Cost of Revenue | US$0 |
| Gross Profit | US$10.73m |
| Expenses | -US$14.01m |
| Earnings | US$24.74m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.63 |
| Gross Margin | 100.00% |
| Net Profit Margin | 230.59% |
| Debt/Equity Ratio | 23.0% |
How did EIC perform over the long term?
See historical performance and comparisonDividends
7.2%
Current Dividend Yield25%
Payout RatioDoes EIC pay a reliable dividends?
See EIC dividend history and benchmarks| Eagle Point Income dividend dates | |
|---|---|
| Ex Dividend Date | Feb 07 2022 |
| Dividend Pay Date | Feb 28 2022 |
| Days until Ex dividend | 18 days |
| Days until Dividend pay date | 39 days |
Does EIC pay a reliable dividends?
See EIC dividend history and benchmarksValuation
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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:51 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.