NYSE:ORC

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Executive Summary

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States.


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.3%

ORC

1.9%

US Mortgage REITs

2.5%

US Market


1 Year Return

-19.0%

ORC

-37.4%

US Mortgage REITs

16.3%

US Market

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

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


Shareholder returns

ORCIndustryMarket
7 Day-2.3%1.9%2.5%
30 Day13.3%12.4%5.3%
90 Day33.5%21.1%16.3%
1 Year-4.3%-19.0%-30.1%-37.4%18.8%16.3%
3 Year-16.4%-47.6%-19.5%-42.2%45.0%35.7%
5 Year18.7%-46.5%9.5%-37.1%75.8%56.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Orchid Island Capital undervalued compared to its fair value and its price relative to the market?

0.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

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


Next Steps

Future Growth

How is Orchid Island Capital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

168.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: ORC's revenue (87.5% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: ORC's revenue (87.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ORC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Orchid Island Capital performed over the past 5 years?

-48.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ORC is currently unprofitable.

Growing Profit Margin: ORC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ORC is unprofitable, and losses have increased over the past 5 years at a rate of 48.5% per year.

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

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


Return on Equity

High ROE: ORC has a negative Return on Equity (-9.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is Orchid Island Capital's financial position?


Financial Position Analysis

Short Term Liabilities: ORC's short term assets ($395.0M) do not cover its short term liabilities ($3.2B).

Long Term Liabilities: ORC's short term assets ($395.0M) exceed its long term liabilities ($141.6M).


Debt to Equity History and Analysis

Debt Level: ORC's debt to equity ratio (967.7%) is considered high.

Reducing Debt: ORC's debt to equity ratio has increased from 709.9% to 967.7% 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 ORC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ORC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.3% per year.


Next Steps

Dividend

What is Orchid Island Capital current dividend yield, its reliability and sustainability?

17.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ORC's dividend (17.23%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: ORC's dividend (17.23%) is in the top 25% of dividend payers in the US market (4.35%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ORC has been paying a dividend for less than 10 years.

Growing Dividend: ORC has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

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


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.


Next Steps

Management

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

10.0yrs

Average management tenure


CEO

Robert Cauley (62 yo)

10yrs

Tenure

Mr. Robert E. Cauley, CFA, CPA has been the Chief Executive Officer and President of Orchid Island Capital, Inc. since August 2010. Mr. Cauley has been the Chief Executive Officer of Bimini Capital Managem ...


Leadership Team

NamePositionTenureCompensationOwnership
Robert Cauley
Chairman10yrsno data0.16%
$ 530.7k
George Haas
CFO, Chief Investment Officer10yrsno data0.15%
$ 490.3k
Jerry Sintes
VP & Treasurer10yrsno datano data

10.0yrs

Average Tenure

54yo

Average Age

Experienced Management: ORC's management team is seasoned and experienced (10 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Cauley
Chairman10yrsno data0.16%
$ 530.7k
George Haas
CFO, Chief Investment Officer10yrsno data0.15%
$ 490.3k
Frank Filipps
Lead Independent Directorno dataUS$168.50k0.041%
$ 137.0k
Ava Parker
Independent Director7.5yrsUS$152.00k0.012%
$ 40.7k
W. Bitting
Independent Director7.5yrsUS$160.00k0.032%
$ 105.1k
Paula Morabito
Independent Director2.67yrsUS$150.50k0.0087%
$ 29.0k

7.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ORC's board of directors are considered experienced (7.5 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 been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Orchid Island Capital, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orchid Island Capital, Inc.
  • Ticker: ORC
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$332.428m
  • Shares outstanding: 66.22m
  • Website: https://www.orchidislandcapital.com

Location

  • Orchid Island Capital, Inc.
  • 3305 Flamingo Drive
  • Vero Beach
  • Florida
  • 32963
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORCNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2013
45UDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2013

Biography

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS are backed primarily by single-family residential ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 23:31
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.