IMPAC MORTGAGE HOLDINGS INC's gross profit margin for the third quarter of its fiscal year 2015 has decreased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth.
At the same time, stockholders' equity ("net worth") has greatly increased by 286.25% from the same quarter last year.
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|Income Statement||Q3 FY15||Q3 FY14|
|Net Sales ($mil)||117.95||91.59|
|Net Income ($mil)||19.31||-1.2|
|Balance Sheet||Q3 FY15||Q3 FY14|
|Cash & Equiv. ($mil)||16.34||15.06|
|Total Assets ($mil)||5594.88||5660.81|
|Total Debt ($mil)||5380.74||5612.77|
|Profitability||Q3 FY15||Q3 FY14|
|Gross Profit Margin||66.81||85.05|
|Return on Assets||1.21||-0.13|
|Return on Equity||66.58||-25.57|
|Debt||Q3 FY15||Q3 FY14|
|Share Data||Q3 FY15||Q3 FY14|
|Shares outstanding (mil)||10.29||9.59|
|Div / share||0.0||0.0|
|Book value / share||10.0||2.78|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||57376.0||77375.0|
SELL. IMPAC MORTGAGE HOLDINGS INC's P/E ratio indicates a significant discount compared to an average of 27.74 for the Thrifts & Mortgage Finance industry and a significant discount compared to the S&P 500 average of 21.13. Conducting a second comparison, its price-to-book ratio of 1.44 indicates a discount versus the S&P 500 average of 2.51 and a premium versus the industry average of 1.32. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. The valuation analysis reveals that, IMPAC MORTGAGE HOLDINGS INC seems to be trading at a discount to investment alternatives within the industry.
|IMH 2.58||Peers 27.74||IMH NM||Peers 17.89|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
IMH is trading at a significant discount to its peers.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
IMH's P/CF is negative making the measure meaningless.
|IMH NA||Peers 21.67||IMH NA||Peers 7.54|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|IMH 1.44||Peers 1.32||IMH 834.21||Peers 51.67|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
IMH is trading at a valuation on par with its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
IMH is expected to have an earnings growth rate that significantly exceeds its peers.
|IMH 0.35||Peers 4.07||IMH 26.15||Peers 11.30|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
IMH is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
IMH has a sales growth rate that significantly exceeds its peers.
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