MFA Financial
Market Cap
US$1.7b
Last Updated
2021/01/21 23:02 UTC
Data Sources
Company Financials +
Executive Summary
MFA Financial, Inc., through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and fair value.
Similar Companies
Share Price & News
How has MFA Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MFA's weekly volatility has decreased from 36% to 5% over the past year.
Market Performance
7 Day Return
1.6%
MFA
1.8%
US Mortgage REITs
1.4%
US Market
1 Year Return
-51.0%
MFA
-28.2%
US Mortgage REITs
22.6%
US Market
Return vs Industry: MFA underperformed the US Mortgage REITs industry which returned -28.7% over the past year.
Return vs Market: MFA underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| MFA | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 1.8% | 1.4% |
| 30 Day | 1.3% | 2.2% | 4.9% |
| 90 Day | 32.1% | 21.3% | 14.6% |
| 1 Year | -49.2%-51.0% | -20.2%-28.2% | 25.4%22.6% |
| 3 Year | -33.4%-48.4% | 2.2%-25.7% | 46.8%37.0% |
| 5 Year | 1.2%-36.1% | 61.6%-6.1% | 132.0%106.1% |
Long-Term Price Volatility Vs. Market
How volatile is MFA Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Here's What MFA Financial, Inc.'s (NYSE:MFA) Shareholder Ownership Structure Looks Like2 months ago | Simply Wall St
Did MFA Financial, Inc. (NYSE:MFA) Insiders Sell Shares?4 months ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In MFA Financial, Inc.'s (NYSE:MFA) Shares?Valuation
Is MFA Financial undervalued compared to its fair value and its price relative to the market?
25.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MFA ($3.87) is trading below our estimate of fair value ($5.19)
Significantly Below Fair Value: MFA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MFA is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.
PE vs Market: MFA 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 MFA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MFA is good value based on its PB Ratio (0.7x) compared to the US Mortgage REITs industry average (0.9x).
Next Steps
Future Growth
How is MFA Financial forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
108.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MFA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MFA's is expected to become profitable in the next 3 years.
Revenue vs Market: MFA's revenue (58.3% per year) is forecast to grow faster than the US market (10.5% per year).
High Growth Revenue: MFA's revenue (58.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MFA's Return on Equity is forecast to be low in 3 years time (6.1%).
Next Steps
Past Performance
How has MFA Financial performed over the past 5 years?
-36.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFA is currently unprofitable.
Growing Profit Margin: MFA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MFA is unprofitable, and losses have increased over the past 5 years at a rate of 36.3% per year.
Accelerating Growth: Unable to compare MFA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MFA is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-16.6%).
Return on Equity
High ROE: MFA has a negative Return on Equity (-24.34%), as it is currently unprofitable.
Next Steps
Financial Health
How is MFA Financial's financial position?
Financial Position Analysis
Short Term Liabilities: MFA's short term assets ($6.6B) exceed its short term liabilities ($66.5M).
Long Term Liabilities: MFA's short term assets ($6.6B) exceed its long term liabilities ($4.9B).
Debt to Equity History and Analysis
Debt Level: MFA's debt to equity ratio (189.1%) is considered high.
Reducing Debt: MFA's debt to equity ratio has reduced from 318.4% to 189.1% over the past 5 years.
Debt Coverage: MFA's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: Insufficient data to determine if MFA's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is MFA Financial current dividend yield, its reliability and sustainability?
7.75%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MFA's dividend (7.75%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: MFA's dividend (7.75%) is in the top 25% of dividend payers in the US market (3.86%)
Stability and Growth of Payments
Stable Dividend: MFA's dividend payments have been volatile in the past 10 years.
Growing Dividend: MFA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: MFA is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: MFA's dividends in 3 years are forecast to be covered by earnings (54% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Craig Knutson (61 yo)
3.5yrs
Tenure
US$5,351,445
Compensation
Mr. Craig L. Knutson has been the Chief Executive Officer and President of MFA Financial, Inc. since July 2017 and January 1, 2014 respectively. Mr. Knutson served as Co-Chief Executive Officer of MFA Fina...
CEO Compensation Analysis
Compensation vs Market: Craig's total compensation ($USD5.35M) is above average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Craig's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$5.35m | 0.27% $ 4.7m | |
| CFO & Chief Accounting Officer | 10.33yrs | US$1.07m | 0.029% $ 504.8k | |
| Senior VP & Co-Chief Investment Officer | 2yrs | US$2.19m | 0.072% $ 1.2m | |
| Co-Chief Investment Officer | 2yrs | US$2.19m | 0.042% $ 713.9k | |
| Senior VP & CTO | 3.83yrs | no data | no data | |
| Senior VP | no data | no data | 0.024% $ 415.0k | |
| Senior VP & Director of Tax | no data | no data | 0.018% $ 316.8k | |
| Senior VP & Controller | no data | no data | no data |
3.5yrs
Average Tenure
55yo
Average Age
Experienced Management: MFA's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.5yrs | US$5.35m | 0.27% $ 4.7m | |
| Independent Director | 1yr | no data | no data | |
| Independent Non-Executive Chairman of the Board | 7yrs | US$380.00k | 0.027% $ 462.2k | |
| Independent Director | 11yrs | US$300.00k | 0.023% $ 400.3k | |
| Independent Director | 17yrs | US$270.00k | 0.021% $ 358.5k | |
| Independent Director | 6.5yrs | US$290.00k | 0.0025% $ 43.2k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 1.67yrs | US$229.29k | 0.0043% $ 74.4k |
5.0yrs
Average Tenure
62yo
Average Age
Experienced Board: MFA's board of directors are considered experienced (5 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MFA Financial, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: MFA Financial, Inc.
- Ticker: MFA
- Exchange: NYSE
- Founded: 1997
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$1.714b
- Shares outstanding: 453.33m
- Website: https://www.mfafinancial.com
Number of Employees
Location
- MFA Financial, Inc.
- 350 Park Avenue
- 20th Floor
- New York
- New York
- 10022
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MFA | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 1998 |
| M4Z | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1998 |
| MFA.PRB | NYSE (New York Stock Exchange) | PFD SER B | US | USD | Apr 2013 | |
| MFA.PRC | NYSE (New York Stock Exchange) | 6.50 PFD SER C | US | USD | Feb 2020 |
Biography
MFA Financial, Inc., through its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage assets, including non-agency mortgage-back...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:02 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.