Great Ajax Financials

AJX Stock  USD 3.00  0.05  1.69%   
Based on the key measurements obtained from Great Ajax's financial statements, Great Ajax Corp may be sliding down financialy. It has an above-average odds of going through some form of financial crisis next quarter. At this time, Great Ajax's Preferred Stock Total Equity is fairly stable compared to the past year. Key indicators impacting Great Ajax's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.582.012
Significantly Down
Slightly volatile
Operating Income31.9 M33 M
Sufficiently Down
Slightly volatile
Current Ratio31.6130.1006
Sufficiently Up
Slightly volatile
Investors should never underestimate Great Ajax's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Great Ajax's cash flow, debt, and profitability to make informed and accurate decisions about investing in Great Ajax Corp.

Cash And Equivalents

70.46 Million

  
Understanding current and past Great Ajax Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Great Ajax's financial statements are interrelated, with each one affecting the others. For example, an increase in Great Ajax's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Great Ajax's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Great Ajax Corp. Check Great Ajax's Beneish M Score to see the likelihood of Great Ajax's management manipulating its earnings.

Great Ajax Stock Summary

Great Ajax competes with Ellington Financial, Dynex Capital, Ares Commercial, Cherry Hill, and Apollo Commercial. Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon. Great Ajax operates under REITMortgage classification in the United States and is traded on New York Stock Exchange.
Specialization
Real Estate, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS38983D3008
CUSIP38983D300
LocationOregon; U.S.A
Business Address13190 SW 68th
SectorMortgage Real Estate Investment Trusts (REITs)
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.greatajax.com
Phone503 505 5670
CurrencyUSD - US Dollar

Great Ajax Key Financial Ratios

Great Ajax Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.6B1.7B1.8B1.5B1.3B1.4B
Other Current Liab7.1M22.6M34.7M469.5M(375.7M)(357.0M)
Net Tangible Assets359.9M370.2M382.2M300.8M345.9M325.9M
Net Debt707.2M588.3M594.0M629.7M568.7M570.0M
Retained Earnings49.4M53.3M66.4M13.3M(54.4M)(51.7M)
Accounts Payable7.1M22.6M11.1M11.4M13.2M8.9M
Cash64.3M107.1M84.4M47.8M52.8M64.4M
Other Assets1.2B1.1B1.1B25.7M952.7M481.1M
Long Term Debt118.8M110.1M102.8M210.3M621.6M383.4M
Net Receivables17.0M15.8M20.9M991.0M7.3M6.9M
Other Current Assets(81.4M)8.9M16.5M35.7M(60.1M)(57.1M)
Total Liab771.5M695.5M678.4M1.1B1.0B860.0M
Total Current Assets81.4M122.9M105.3M1.0B60.1M57.1M
Short Term Debt414.1M421.1M546.1M106.0M375.7M332.3M
Common Stock222K231K233K241K285K223.5K
Long Term Debt Total118.8M110.1M102.8M210.3M189.3M278.0M
Capital Surpluse309.4M317.4M316.2M322.4M370.8M307.6M

Great Ajax Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense59.3M48.7M36.7M43.6M59.3M41.5M
Total Revenue46.4M36.1M31.9M35.6M62.7M39.7M
Gross Profit25.4M35.9M15.2M19.3M47.6M26.1M
Operating Income34.8M28.4M42.1M17.3M33.0M31.9M
Ebit(52.1M)13.6M26.8M(20.8M)(93.7M)(89.0M)
Ebitda35.3M28.4M42.1M17.8M(49.0M)(46.6M)
Cost Of Revenue21.0M211K16.7M16.3M15.0M13.6M
Income Before Tax37.2M33.5M42.0M(12.1M)(46.7M)(44.4M)
Net Income34.7M22.6M41.9M(14.9M)(47.1M)(44.7M)
Income Tax Expense124K(125K)234K2.8M243K391.3K
Minority Interest2.4M5.1M(80K)75K(84K)(79.8K)
Tax Provision124K(125K)234K2.8M406K453.0K
Research Development0.30.340.440.160.660.35
Net Interest Income53.1M51.4M56.6M39.0M13.8M13.1M
Interest Income112.4M100.1M93.4M82.6M73.1M73.2M

Great Ajax Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Great Ajax Corp. It measures of how well Great is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Great Ajax brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Great had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Great Ajax has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Investments(83.8M)(13.7M)(163.8M)148.9M160.7M168.7M
Change In Cash9.2M43.0M(19.8M)(36.6M)5.0M2.7M
Net Borrowings361.2M244.5M550.9M179.0M161.1M307.2M
Free Cash Flow(15.4M)(13.9M)(15.3M)1.1M(46.5M)(44.1M)
Depreciation499K29K7K3.722.7M2.8M
Other Non Cash Items(39.1M)(34.2M)(31.3M)(2.2M)12.5M13.1M
Dividends Paid26.3M17.5M28.8M29.9M20.6M21.5M
Capital Expenditures15.8M27.4M28K277K27K0.0
Net Income37.1M33.6M41.8M(14.9M)(47.0M)(44.6M)
End Period Cash Flow64.4M107.3M87.5M47.8M52.8M65.4M
Change To Netincome(4.9M)12.4M(17.5M)(8.5M)(7.6M)(7.3M)

Great Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Great Ajax's current stock value. Our valuation model uses many indicators to compare Great Ajax value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Great Ajax competition to find correlations between indicators driving Great Ajax's intrinsic value. More Info.
Great Ajax Corp is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, Great Ajax's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Great Ajax's earnings, one of the primary drivers of an investment's value.

Great Ajax Corp Systematic Risk

Great Ajax's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Great Ajax volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Great Ajax Corp correlated with the market. If Beta is less than 0 Great Ajax generally moves in the opposite direction as compared to the market. If Great Ajax Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Great Ajax Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Great Ajax is generally in the same direction as the market. If Beta > 1 Great Ajax moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Great Ajax Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Great Ajax's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Great Ajax growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.014)

At this time, Great Ajax's Price Earnings To Growth Ratio is fairly stable compared to the past year.

Great Ajax November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Great Ajax help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Great Ajax Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Great Ajax Corp based on widely used predictive technical indicators. In general, we focus on analyzing Great Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Great Ajax's daily price indicators and compare them against related drivers.

Additional Tools for Great Stock Analysis

When running Great Ajax's price analysis, check to measure Great Ajax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Great Ajax is operating at the current time. Most of Great Ajax's value examination focuses on studying past and present price action to predict the probability of Great Ajax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Ajax's price. Additionally, you may evaluate how the addition of Great Ajax to your portfolios can decrease your overall portfolio volatility.