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Orchid Island Capital

NYSE:ORC
Snowflake Description

High growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ORC
NYSE
$372M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The last earnings update was 85 days ago. More info.


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ORC Share Price and Events
7 Day Returns
2.5%
NYSE:ORC
0.1%
US Mortgage REITs
-0.3%
US Market
1 Year Returns
-17.5%
NYSE:ORC
-6.4%
US Mortgage REITs
3.9%
US Market
ORC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orchid Island Capital (ORC) 2.5% 3.6% -2.9% -17.5% -39.9% -51.6%
US Mortgage REITs 0.1% 0.8% -2.5% -6.4% -0.3% -11.4%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • ORC underperformed the Mortgage REITs industry which returned -6.4% over the past year.
  • ORC underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
ORC
Industry
5yr Volatility vs Market

Value

 Is Orchid Island Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Orchid Island Capital. This is due to cash flow or dividend data being unavailable. The share price is $6.63.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Orchid Island Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orchid Island Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ORC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.34
NYSE:ORC Share Price ** NYSE (2019-07-19) in USD $6.63
United States of America Mortgage REITs Industry PE Ratio Median Figure of 23 Publicly-Listed Mortgage REITs Companies 12.71x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Orchid Island Capital.

NYSE:ORC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ORC Share Price ÷ EPS (both in USD)

= 6.63 ÷ -0.34

-19.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orchid Island Capital is loss making, we can't compare its value to the US Mortgage REITs industry average.
  • Orchid Island Capital is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Orchid Island Capital's expected growth come at a high price?
Raw Data
NYSE:ORC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
96.4%per year
United States of America Mortgage REITs Industry PEG Ratio Median Figure of 21 Publicly-Listed Mortgage REITs Companies 1.18x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Orchid Island Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Orchid Island Capital's assets?
Raw Data
NYSE:ORC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.82
NYSE:ORC Share Price * NYSE (2019-07-19) in USD $6.63
United States of America Mortgage REITs Industry PB Ratio Median Figure of 37 Publicly-Listed Mortgage REITs Companies 0.95x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NYSE:ORC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ORC Share Price ÷ Book Value per Share (both in USD)

= 6.63 ÷ 6.82

0.97x

* Primary Listing of Orchid Island Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orchid Island Capital is overvalued based on assets compared to the US Mortgage REITs industry average.
X
Value checks
We assess Orchid Island Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. Orchid Island Capital has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
96.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orchid Island Capital expected to grow at an attractive rate?
  • Orchid Island Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Orchid Island Capital's earnings growth is expected to exceed the United States of America market average.
  • Orchid Island Capital's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ORC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ORC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 96.4%
NYSE:ORC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 87.3%
United States of America Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 37.6%
United States of America Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 26.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ORC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ORC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 56 49 1
2019-12-31 53 46 1
NYSE:ORC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 -6 51 -17
2018-12-31 -32 94 -44
2018-09-30 -12 136 -24
2018-06-30 6 139 -6
2018-03-31 -5 109 -17
2017-12-31 13 85 2
2017-09-30 -2 77 -12
2017-06-30 3 74 -7
2017-03-31 18 77 9
2016-12-31 11 47 2
2016-09-30 39 42 30
2016-06-30 9 18 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Orchid Island Capital's earnings are expected to grow significantly at over 20% yearly.
  • Orchid Island Capital's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ORC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Orchid Island Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ORC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.00 1.00 1.00 1.00
2019-12-31 0.93 0.93 0.93 1.00
NYSE:ORC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.34
2018-12-31 -0.85
2018-09-30 -0.47
2018-06-30 -0.12
2018-03-31 -0.37
2017-12-31 0.05
2017-09-30 -0.34
2017-06-30 -0.23
2017-03-31 0.33
2016-12-31 0.08
2016-09-30 1.35
2016-06-30 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Orchid Island Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Orchid Island Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Orchid Island Capital has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Orchid Island Capital's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Orchid Island Capital does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Orchid Island Capital's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Orchid Island Capital's 1-year growth to the US Mortgage REITs industry average as it is not currently profitable.
Earnings and Revenue History
Orchid Island Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Orchid Island Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ORC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 -6.36 -17.41 7.94
2018-12-31 -32.43 -44.39 8.76
2018-09-30 -11.98 -23.97 8.91
2018-06-30 6.09 -5.83 8.92
2018-03-31 -4.97 -16.82 8.97
2017-12-31 13.17 2.01 8.47
2017-09-30 -1.74 -12.43 8.14
2017-06-30 2.97 -7.09 7.72
2017-03-31 18.35 9.02 7.22
2016-12-31 11.07 1.98 7.14
2016-09-30 38.89 30.21 6.94
2016-06-30 8.73 0.27 6.89
2016-03-31 -0.70 -9.03 6.87
2015-12-31 8.97 1.07 6.59
2015-09-30 4.02 -3.22 5.85
2015-06-30 19.55 12.97 5.50
2015-03-31 32.13 26.43 4.89
2014-12-31 29.01 24.52 3.92
2014-09-30 25.90 22.44 3.30
2014-06-30 17.14 14.68 2.32
2014-03-31 4.30 2.50 1.66
2013-12-31 0.97 -0.70 1.49
2013-09-30 -0.98 -2.41 1.24
2013-06-30 0.39 -0.87 1.06
2013-03-31 1.28 0.32 0.75
2012-12-31 1.27 0.53 0.56
2012-09-30 1.22 0.72 0.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Orchid Island Capital has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Orchid Island Capital has efficiently used its assets last year compared to the US Mortgage REITs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Orchid Island Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Orchid Island Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Orchid Island Capital has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Orchid Island Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Orchid Island Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orchid Island Capital's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Orchid Island Capital's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orchid Island Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Orchid Island Capital Company Filings, last reported 3 months ago.

NYSE:ORC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 340.41 2,872.08 139.13
2018-12-31 336.08 3,031.00 125.17
2018-09-30 393.30 3,321.80 201.82
2018-06-30 409.20 3,452.09 172.15
2018-03-31 429.45 3,621.86 163.35
2017-12-31 462.21 3,535.82 231.52
2017-09-30 414.40 3,712.67 178.53
2017-06-30 418.17 3,281.17 210.41
2017-03-31 334.21 3,054.24 107.49
2016-12-31 332.78 2,795.69 83.84
2016-09-30 294.40 2,298.64 111.96
2016-06-30 243.68 2,066.70 65.35
2016-03-31 239.78 1,940.52 66.38
2015-12-31 253.26 1,986.31 57.90
2015-09-30 255.87 1,943.30 67.10
2015-06-30 284.15 2,014.28 100.54
2015-03-31 230.75 1,459.70 78.32
2014-12-31 218.08 1,438.02 94.35
2014-09-30 172.79 1,259.75 58.93
2014-06-30 125.69 784.97 34.48
2014-03-31 107.41 652.75 45.12
2013-12-31 44.77 318.56 8.17
2013-09-30 44.82 301.66 7.90
2013-06-30 47.17 308.74 6.32
2013-03-31 50.07 316.45 2.67
2012-12-31 14.72 103.94 2.54
2012-09-30 14.99 56.57 4.45
  • Orchid Island Capital's level of debt (843.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (607.9% vs 843.7% today).
  • Debt is not well covered by operating cash flow (1.8%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Orchid Island Capital's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Orchid Island Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Orchid Island Capital has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
14.48%
Current annual income from Orchid Island Capital dividends. Estimated to be 14.48% next year.
If you bought $2,000 of Orchid Island Capital shares you are expected to receive $290 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Orchid Island Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Orchid Island Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ORC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 10.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ORC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.96 1.00
2019-12-31 0.96 1.00
NYSE:ORC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-17 0.960 14.568
2019-06-11 0.960 15.033
2019-05-15 0.960 15.138
2019-04-17 0.960 14.530
2019-03-13 0.960 14.322
2019-02-13 0.960 14.022
2019-01-10 0.960 13.899
2018-12-10 0.960 14.958
2018-11-14 0.960 14.362
2018-10-17 0.960 14.378
2018-09-17 0.960 13.384
2018-08-15 0.960 12.250
2018-07-18 1.080 13.379
2018-06-19 1.080 14.014
2018-05-16 1.080 14.653
2018-04-12 1.080 14.860
2018-03-08 1.080 14.632
2018-02-14 1.320 17.700
2018-01-11 1.320 17.214
2017-12-13 1.680 18.266
2017-11-08 1.680 17.356
2017-10-11 1.680 16.637
2017-09-14 1.680 16.504
2017-08-09 1.680 17.261
2017-07-12 1.680 17.321
2017-06-13 1.680 16.676
2017-05-10 1.680 16.450
2017-04-12 1.680 15.744
2017-03-08 1.680 16.924
2017-01-11 1.680 15.115
2016-12-08 1.680 15.374
2016-11-09 1.680 15.598
2016-10-12 1.680 15.765
2016-09-12 1.680 16.148
2016-08-10 1.680 15.748
2016-07-13 1.680 15.422
2016-06-09 1.680 16.203
2016-05-11 1.680 16.128
2016-03-09 1.680 16.374
2016-02-10 1.680 17.674
2016-01-11 1.680 19.122
2015-12-10 1.680 17.560
2015-11-10 1.680 18.260
2015-10-08 1.680 17.642
2015-09-14 1.680 17.554
2015-08-11 1.680 18.649
2015-07-10 1.680 19.722
2015-06-09 2.160 17.651
2015-05-11 2.160 15.672
2015-04-10 2.160 15.510
2015-03-10 2.160 15.894
2015-02-10 2.160 15.646
2015-01-13 2.160 16.392
2014-12-09 2.160 16.401
2014-11-12 2.160 15.545
2014-10-09 2.160 15.294
2014-09-09 2.160 15.812
2014-08-12 2.160 15.297
2014-07-10 2.160 15.814
2014-06-11 2.160 16.447
2014-05-08 2.160 16.762
2014-04-08 2.160 17.399
2014-03-11 2.160 17.457
2014-02-11 2.160 17.007
2014-01-09 2.160 17.156
2013-12-11 2.160 16.692
2013-11-12 1.620 13.392
2013-10-10 1.620 13.486
2013-09-10 1.620 14.529
2013-08-12 1.620 15.032
2013-07-09 1.620 13.937
2013-06-10 1.620 13.931
2013-05-09 1.620 12.604
2013-04-11 1.620 12.086
2013-03-12 1.620 11.558

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Orchid Island Capital has been paying a dividend for less than 10 years.
  • Orchid Island Capital has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Orchid Island Capital's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Orchid Island Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Orchid Island Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orchid Island Capital has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Orchid Island Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Robert Cauley
COMPENSATION $0
AGE 61
TENURE AS CEO 8.9 years
CEO Bio

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 Management, Inc. at MortCo TRS, LLC since April 2008. He co-founded Bimini Capital Management, Inc. in 2003 and serves as its Secretary. He serves as the Chief Financial Officer of Opteum Inc. at MortCo TRS, LLC. He served as President of Bimini Capital Management, Inc. since April 2008. He served as the Chief Financial Officer, Chief Investment Officer, Treasurer and Senior Executive Vice President at Bimini Capital Management, Inc. from 2003 until April 2008 and served as its Principal Accounting Officer. He served as Secretary of Orchid Island Capital, Inc. He served as Vice President and Portfolio Manager at Federated Investment Management Company in Pittsburgh, Pennsylvania, where from 1996 to September 2003, Mr. Cauley served as Lead Portfolio Manager, Co-Manager, or Assistant Portfolio Manager in mortgage and asset backed securities funds. From 1994 to 1996, he served as an Associate at Lehman Brothers in the asset-backed structuring group. Mr. Cauley served in the United States Marine Corps for four years. From 1992 to 1994, he served as a Credit Analyst in the highly levered firms group and the aerospace group at Barclay's Bank. He invested in, researched, or structured almost every type of mortgage-backed security. He has been the Chairman of Orchid Island Capital, Inc. since August 2010. He has been the Chairman of Bimini Capital Management, Inc. at MortCo TRS, LLC since December 18, 2008. He served as Vice Chairman of Bimini Capital Management, Inc. until December 2008. He has been a Director of Bimini Capital Management, Inc. since 2003. He is a Chartered Financial Analyst and a Certified Public Accountant. Mr. Cauley received his MBA in Finance and Economics from Carnegie Mellon University and his BA in Accounting from California State University, Fullerton.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Orchid Island Capital management team in years:

8.9
Average Tenure
53
Average Age
  • The average tenure for the Orchid Island Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robert Cauley

TITLE
Chairman
AGE
61
TENURE
8.9 yrs

George Haas

TITLE
CFO, Chief Investment Officer & Director
AGE
43
TENURE
8.9 yrs

Jerry Sintes

TITLE
VP & Treasurer
AGE
53
TENURE
8.9 yrs
Board of Directors Tenure

Average tenure and age of the Orchid Island Capital board of directors in years:

6.4
Average Tenure
58.5
Average Age
  • The tenure for the Orchid Island Capital board of directors is about average.
Board of Directors

Robert Cauley

TITLE
Chairman
AGE
61
TENURE
8.9 yrs

George Haas

TITLE
CFO, Chief Investment Officer & Director
AGE
43
TENURE
8.9 yrs

W. Bitting

TITLE
Independent Director
COMPENSATION
$152K
AGE
54
TENURE
6.4 yrs

Frank Filipps

TITLE
Lead Independent Director
COMPENSATION
$156K
AGE
72

Ava Parker

TITLE
Independent Director
COMPENSATION
$147K
AGE
56
TENURE
6.4 yrs

Paula Morabito

TITLE
Independent Director
COMPENSATION
$145K
AGE
63
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Sep 18 Sell W. Bitting Individual 12. Sep 18 12. Sep 18 -1,880 $7.43 $-13,968
14. Sep 18 Buy W. Bitting Individual 12. Sep 18 12. Sep 18 1,930 $7.45 $14,363
X
Management checks
We assess Orchid Island Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Orchid Island Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Some Orchid Island Capital Shareholders Are Down 48%

Orchid Island Capital hasn't yet reported any revenue yet, so it's as much a business idea as a business. … It seems likely some shareholders believe that Orchid Island Capital will significantly advance the business plan before too long. … Our data indicates that Orchid Island Capital had net debt of US$2,934,385,000 when it last reported in December 2018.

Simply Wall St -

Is Orchid Island Capital Inc's (NYSE:ORC) CEO Overpaid Relative To Its Peers?

Robert Cauley became the CEO of Orchid Island Capital Inc (NYSE:ORC) in 2010. … Our data indicates that Orchid Island Capital Inc is worth US$364m, and total annual CEO compensation is US$171k. … Most shareholders would consider it a positive that Robert Cauley takes less compensation than the CEOs of most similar size companies, leaving more for shareholders.

Simply Wall St -

Should You Be Happy With Orchid Island Capital Inc's (NYSE:ORC) Performance Lately?

When Orchid Island Capital Inc (NYSE:ORC) announced its most recent earnings (31 December 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … Check out our latest analysis for Orchid Island Capital Commentary On ORC's Past Performance I look at the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Orchid Island Capital, its most recent earnings (trailing twelve month) is US$2.01M, which, against the previous year's level, Given that these values may be somewhat short-term, I’ve determined an annualized five-year figure for ORC's earnings, which stands at US$4.43M This shows that Orchid Island Capital's annual earnings on average have previously been higher, which signals a falling trend in the bottom line.

Simply Wall St -

Should Orchid Island Capital Inc (NYSE:ORC) Be Part Of Your Portfolio?

Orchid Island Capital Inc (NYSE:ORC) has returned to shareholders over the past 5 years, an average dividend yield of 16.00% annually. … See our latest analysis for Orchid Island Capital 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … Compared to its peers, Orchid Island Capital generates a yield of 14.58%, which is high for Mortgage REITs stocks.Next Steps: Whilst there are few things you may like about Orchid Island Capital from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

Company Info

Description

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 mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2010 and is based in Vero Beach, Florida.

Details
Name: Orchid Island Capital, Inc.
ORC
Exchange: NYSE
Founded: 2010
$371,639,995
56,054,298
Website: http://www.orchidislandcapital.com
Address: Orchid Island Capital, Inc.
3305 Flamingo Drive,
Vero Beach,
Florida, 32963,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ORC Common Stock New York Stock Exchange US USD 15. Feb 2013
Number of employees
Current staff
Staff numbers
0
Orchid Island Capital employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 00:25
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.