AG Mortgage Financials

MITT Stock  USD 6.70  0.02  0.30%   
Based on the measurements of operating efficiency obtained from AG Mortgage's historical financial statements, AG Mortgage Investment may be sliding down financialy. It has an above-average odds of going through some form of financial crisis next quarter. At this time, AG Mortgage's Net Tangible Assets are comparatively stable compared to the past year. Long Term Debt Total is likely to gain to about 3.4 B in 2024, despite the fact that Other Current Liabilities is likely to grow to (62.2 M). Key indicators impacting AG Mortgage's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio12.5811.9842
Sufficiently Up
Slightly volatile
Current Ratio0.190.1975
Sufficiently Down
Pretty Stable
The financial analysis of AG Mortgage is a critical element in measuring its lifeblood. Investors should not minimize AG Mortgage's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

56.47 Million

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

AG Mortgage Stock Summary

AG Mortgage competes with New York, Ellington Residential, Invesco Mortgage, TPG RE, and Redwood Trust. AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. The company was incorporated in 2011 and is based in New York, New York. Ag Mortgage 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
ISINUS0012285013
CUSIP001228105 001228501
LocationNew York; U.S.A
Business Address245 Park Avenue,
SectorMortgage Real Estate Investment Trusts (REITs)
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.agmit.com
Phone212 692 2000
CurrencyUSD - US Dollar

AG Mortgage Key Financial Ratios

AG Mortgage Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets4.3B1.4B3.4B4.4B6.1B3.9B
Other Current Liab(123.6M)(116.4M)(3.9M)(14.1M)(65.4M)(62.2M)
Net Debt3.4B370.4M2.7B3.8B5.5B5.7B
Retained Earnings(85.9M)(518.1M)(446.8M)(536.5M)(516.1M)(490.3M)
Accounts Payable12.0M53.3M3.9M14.1M23.9M15.7M
Cash81.7M47.9M68.1M84.6M111.5M74.1M
Other Assets627.0M580.9M2.7B4.1B5.8B6.0B
Long Term Debt3.5B919.2M2.8B3.9B5.6B5.8B
Net Receivables15.2M3.9M16.2M21.4M30.6M19.8M
Other Current Assets(140.6M)(66.2M)(116.4M)(120.2M)(156.1M)(148.3M)
Total Liab3.5B990.3M2.8B3.9B5.6B3.2B
Total Current Assets96.9M51.8M84.2M155.7M143.4M102.1M
Intangible Assets5.1M26.7M17.8M3.2M3.6M6.0M
Common Stock327K414K239K212K294K300.6K
Net Tangible Assets576.6M171.2M349.9M242.3M218.1M360.2M
Long Term Debt Total2.8B3.5B919.2M2.8B3.2B3.4B
Capital Surpluse595.4M662.2M688.9M796.5M915.9M691.9M
Short Long Term Debt3.0B2.6M111.5M63.1M56.8M54.0M
Short Term Debt111.5M63.1M1.8B621.2M767.6M1.3B
Net Invested Capital912.4M589.5M3.1B4.1B5.9B6.2B
Capital Stock272.8M238.9M220.7M220.7M220.8M244.8M

AG Mortgage Key Income Statement Accounts

The reason investors look at the income statement is to determine what AG Mortgage's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense90.1M36.9M27.3M118.9M212.5M223.1M
Total Revenue119.0M(390.4M)99.8M218K63.7M66.8M
Gross Profit100.4M(795.2M)86.4M(17.1M)46.1M48.4M
Operating Income92.9M(420.9M)104.2M47.5M37.5M30.7M
Ebit92.9M(420.9M)104.2M(111.3M)45.9M48.2M
Research Development0.612.321.070.170.20.37
Ebitda92.9M(426.1M)136.1M52.9M248.6M261.0M
Cost Of Revenue18.6M404.9M13.4M17.3M17.5M16.6M
Income Before Tax89.7M(420.0M)72.3M(42.8M)55.2M57.9M
Net Income92.9M(420.9M)104.2M(161.8M)53.8M56.5M
Income Tax Expense(3.2M)963K(31.9M)118.9M1.4M1.3M
Net Interest Income81.6M37.6M43.4M61.4M46.9M53.0M
Interest Income171.7M74.5M70.7M180.3M240.1M157.5M

AG Mortgage Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash41.0M(63.1M)37.9M(1.4M)26.8M25.4M
Free Cash Flow65.2M4.2M26.3M22.5M28.1M48.2M
Depreciation(4.7M)(5.2M)6.1M5.5M8.9M8.9M
Other Non Cash Items(31.0M)429.9M(72.6M)68.7M(28.2M)(26.8M)
Dividends Paid77.6M35.3M29.6M37.8M35.8M45.0M
Net Income97.3M(421.6M)104.2M(53.1M)53.8M56.5M
End Period Cash Flow125.4M62.3M100.2M98.8M125.6M88.6M
Investments368.8M527.7M462.9M(1.5B)(470.3M)(446.8M)
Net Borrowings47.6B14.8B20.3B1.5B1.4B1.3B
Change To Netincome(31.7M)8.7M306K74.5M85.7M90.0M

MITT Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining AG Mortgage's current stock value. Our valuation model uses many indicators to compare AG Mortgage value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AG Mortgage competition to find correlations between indicators driving AG Mortgage's intrinsic value. More Info.
AG Mortgage Investment is considered to be number one stock in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.08  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for AG Mortgage Investment is roughly  11.93 . At this time, AG Mortgage's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value AG Mortgage by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

AG Mortgage Investment Systematic Risk

AG Mortgage's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. AG Mortgage 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 twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on AG Mortgage Investment correlated with the market. If Beta is less than 0 AG Mortgage generally moves in the opposite direction as compared to the market. If AG Mortgage Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one AG Mortgage Investment is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of AG Mortgage is generally in the same direction as the market. If Beta > 1 AG Mortgage moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in AG Mortgage Stock are looking for potential investment opportunities by analyzing not only static indicators but also various AG Mortgage'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 AG Mortgage growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.0211)

At this time, AG Mortgage's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

AG Mortgage November 25, 2024 Opportunity Range

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

Additional Tools for MITT Stock Analysis

When running AG Mortgage's price analysis, check to measure AG Mortgage'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 AG Mortgage is operating at the current time. Most of AG Mortgage's value examination focuses on studying past and present price action to predict the probability of AG Mortgage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AG Mortgage's price. Additionally, you may evaluate how the addition of AG Mortgage to your portfolios can decrease your overall portfolio volatility.