NYSE:IVR

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Executive Summary

Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and other mortgage-related assets.


Snowflake Analysis

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Invesco Mortgage Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IVR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.8%

IVR

1.9%

US Mortgage REITs

2.5%

US Market


1 Year Return

-80.2%

IVR

-37.4%

US Mortgage REITs

16.3%

US Market

Return vs Industry: IVR underperformed the US Mortgage REITs industry which returned -37.4% over the past year.

Return vs Market: IVR underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

IVRIndustryMarket
7 Day6.8%1.9%2.5%
30 Day-0.9%12.4%5.3%
90 Day25.7%21.1%16.3%
1 Year-75.0%-80.2%-30.1%-37.4%18.8%16.3%
3 Year-69.5%-80.5%-19.5%-42.2%45.0%35.7%
5 Year-53.6%-76.2%9.5%-37.1%75.8%56.8%

Price Volatility Vs. Market

How volatile is Invesco Mortgage Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Invesco Mortgage Capital undervalued compared to its fair value and its price relative to the market?

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IVR ($3.28) is trading below our estimate of fair value ($3.96)

Significantly Below Fair Value: IVR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: IVR is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.

PE vs Market: IVR 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 IVR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IVR is overvalued based on its PB Ratio (1x) compared to the US Mortgage REITs industry average (0.8x).


Next Steps

Future Growth

How is Invesco Mortgage Capital forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

100.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IVR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: IVR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IVR's is expected to become profitable in the next 3 years.

Revenue vs Market: IVR's revenue (154.2% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: IVR's revenue (154.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IVR's Return on Equity is forecast to be low in 3 years time (6.5%).


Next Steps

Past Performance

How has Invesco Mortgage Capital performed over the past 5 years?

-45.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IVR is currently unprofitable.

Growing Profit Margin: IVR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IVR is unprofitable, and losses have increased over the past 5 years at a rate of 45.2% per year.

Accelerating Growth: Unable to compare IVR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IVR is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-49.4%).


Return on Equity

High ROE: IVR has a negative Return on Equity (-146.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is Invesco Mortgage Capital's financial position?


Financial Position Analysis

Short Term Liabilities: IVR's short term assets ($308.4M) do not cover its short term liabilities ($791.7M).

Long Term Liabilities: IVR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IVR's debt to equity ratio (64%) is considered high.

Reducing Debt: IVR's debt to equity ratio has reduced from 701.7% to 64% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable IVR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: IVR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.9% per year.


Next Steps

Dividend

What is Invesco Mortgage Capital current dividend yield, its reliability and sustainability?

2.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IVR's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: IVR's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (4.35%).


Stability and Growth of Payments

Stable Dividend: IVR's dividend payments have been volatile in the past 10 years.

Growing Dividend: IVR's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: IVR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: IVR's dividends in 3 years are not forecast to be well covered by earnings (95.9% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

John Anzalone (55 yo)

3.42yrs

Tenure

Mr. John M. Anzalone, CFA serves as Chief Investment Officer at Invesco Agency Securities Inc. Mr. Anzalone has been the Chief Executive Officer of Invesco Mortgage Capital Inc. since March 1, 2017. He ser ...


Leadership Team

NamePositionTenureCompensationOwnership
John Anzalone
Chief Executive Officer3.42yrsno data0.041%
$ 245.8k
Kevin Collins
President2.83yrsno data0.011%
$ 67.9k
Richard Phegley
Chief Financial Officer6.25yrsno data0.0098%
$ 58.5k
David Lyle
Chief Operating Officer2.83yrsno data0.020%
$ 118.7k
Brian Norris
Chief Investment Officer1.92yrsno data0.023%
$ 139.5k
Roseann Perlis
Chief Accounting Officer1.75yrsno data0.0027%
$ 15.8k
Jack Bateman
Investor Relations0.083yrno datano data
Jason Marshall
Chief Investment Officer (Leave of Absence)no datano datano data
Loren Starr
Executive Director1yrno data0.0017%
$ 9.9k
Robert Rigsby
VP & Secretaryno datano datano data
Rebecca Smith
VP & Secretaryno datano datano data

2.4yrs

Average Tenure

45yo

Average Age

Experienced Management: IVR's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Loren Starr
Executive Director1yrno data0.0017%
$ 9.9k
Dennis Lockhart
Independent Non-Executive Director3.25yrsUS$159.97k0.054%
$ 319.1k
Edward Hardin
Independent Chairman of the Board3.58yrsUS$199.97k0.028%
$ 166.7k
James Lientz
Independent Non-Executive Director8.25yrsUS$169.97k0.028%
$ 165.2k
Carolyn Handlon
Independent Non-Executive Director3.25yrsUS$169.97k0.012%
$ 72.8k
Gregory McGreevey
Director4.25yrsno datano data
John Day
Independent Non-Executive Director11.08yrsUS$179.97k0.027%
$ 159.2k

3.6yrs

Average Tenure

72yo

Average Age

Experienced Board: IVR's board of directors are considered experienced (3.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.8%.


Top Shareholders

Company Information

Invesco Mortgage Capital Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Invesco Mortgage Capital Inc.
  • Ticker: IVR
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$594.754m
  • Shares outstanding: 181.33m
  • Website: https://www.invescomortgagecapital.com

Location

  • Invesco Mortgage Capital Inc.
  • Two Peachtree Pointe
  • Suite 1800
  • Atlanta
  • Georgia
  • 30309
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IVRNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2009
7M2DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2009
0JD3LSE (London Stock Exchange)YesCommon StockGBUSDJun 2009
IVR.PRANYSE (New York Stock Exchange)PFD SER A 7.75%USUSDJul 2012
IVR.PRBNYSE (New York Stock Exchange)PFD-B FX/FLTUSUSDSep 2014
IVR.PRCNYSE (New York Stock Exchange)7.5% PFD SER CUSUSDAug 2017

Biography

Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing residential and commercial mortgage-backed securities, and ot ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 23:35
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.