AG Mortgage Investment Trust Inc.
Find Ratings ReportsAG MORTGAGE INVESTMENT TRUST's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased.
During the same period, stockholders' equity ("net worth") has increased by 14.16% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 74.02 | 77.83 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 65.99 | 70.09 |
Net Income ($mil) | 35.35 | 11.69 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 125.57 | 98.8 |
Total Assets ($mil) | 6126.43 | 4369.78 |
Total Debt ($mil) | 5564.48 | 3883.54 |
Equity ($mil) | 528.37 | 462.8 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 89.15 | 90.06 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 89.15 | 90.06 |
Sales Turnover | 0.04 | 0.06 |
Return on Assets | 0.87 | -1.21 |
Return on Equity | 6.71 | -15.44 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.91 | 0.89 |
Interest Expense | 62.54 | 44.0 |
Interest Coverage | 1.06 | 1.59 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 29.44 | 21.28 |
Div / share | 0.18 | 0.18 |
EPS | 1.35 | 0.33 |
Book value / share | 17.95 | 21.74 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 212010.0 | 126583.0 |
SELL. AG MORTGAGE INVESTMENT TRUST's P/E ratio indicates a significant discount compared to an average of 210.66 for the Funds, Trusts, and Other Financial Vehicles subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 0.32 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 0.75. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, AG MORTGAGE INVESTMENT TRUST proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MITT 3.71 | Peers 210.66 | MITT NA | Peers 8.06 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MITT is trading at a significant discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MITT 8.10 | Peers 7.39 | MITT NM | Peers 0.27 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. MITT is trading at a premium to its peers. |
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. MITT's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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MITT 0.32 | Peers 0.75 | MITT 152.15 | Peers -12.52 | |||||||||||||||||||||
Discount. 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. MITT is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. MITT is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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MITT 0.64 | Peers 4.58 | MITT 6.04 | Peers 280.60 | |||||||||||||||||||||
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. MITT is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MITT significantly trails its peers on the basis of sales growth. |
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