VEL Stock Overview
Operates as a real estate finance company in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
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Velocity Financial, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$20.23 |
| 52 Week High | US$20.85 |
| 52 Week Low | US$13.78 |
| Beta | 1.03 |
| 1 Month Change | 0.45% |
| 3 Month Change | 3.43% |
| 1 Year Change | 26.52% |
| 3 Year Change | 51.88% |
| 5 Year Change | n/a |
| Change since IPO | 49.74% |
Recent News & Updates
Recent updates
Velocity Financial Should Continue To Do Well
Sep 26Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet
May 11
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price
Jan 05Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Nov 08Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Aug 09Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity
Jun 07Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M
Nov 03Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
May 09How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?
Jan 19
Shareholder Returns
| VEL | US Diversified Financial | US Market | |
|---|---|---|---|
| 7D | -1.4% | -2.1% | -3.5% |
| 1Y | 26.5% | 24.0% | 22.1% |
Return vs Industry: VEL exceeded the US Diversified Financial industry which returned 24% over the past year.
Return vs Market: VEL exceeded the US Market which returned 22.1% over the past year.
Price Volatility
| VEL volatility | |
|---|---|
| VEL Average Weekly Movement | 1.8% |
| Diversified Financial Industry Average Movement | 5.1% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: VEL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: VEL's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | 253 | Chris Farrar | www.velfinance.com |
Velocity Financial, Inc. operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties.
Velocity Financial, Inc. Fundamentals Summary
| VEL fundamental statistics | |
|---|---|
| Market cap | US$676.21m |
| Earnings (TTM) | US$64.38m |
| Revenue (TTM) | US$161.83m |
10.4x
P/E Ratio4.1x
P/S RatioIs VEL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VEL income statement (TTM) | |
|---|---|
| Revenue | US$161.83m |
| Cost of Revenue | US$37.71m |
| Gross Profit | US$124.12m |
| Other Expenses | US$59.74m |
| Earnings | US$64.38m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.94 |
| Gross Margin | 76.70% |
| Net Profit Margin | 39.79% |
| Debt/Equity Ratio | 937.9% |
How did VEL perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:37 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Velocity Financial, Inc. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Sarah Barcomb | BTIG |
| Arren Cyganovich | Citigroup Inc |