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Angel Oak Mortgage, Inc. (AOMR) 10-Year Financial Performance & Capital Metrics

AOMR • • REIT / Real Estate
Real EstateMortgage REITsResidential Mortgage REITsNon-Agency MBS & Whole Loan Investors
AboutAngel Oak Mortgage, Inc., a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Angel Oak Mortgage, Inc. was incorporated in 2018 and is headquartered in Atlanta, Georgia.Show more
  • Revenue $51M -6.2%
  • FFO $32M -5.1%
  • FFO/Share 1.31 -2.9%
  • FFO Payout 97.98% +3.5%
  • FFO per Share 1.31 -2.9%
  • NOI Margin 100%
  • FFO Margin 62.2% +1.2%
  • ROE 11.61% -15.2%
  • ROA 1.26% -2.1%
  • Debt/Assets 78.02% +23.4%
  • Net Debt/EBITDA -
  • Book Value/Share 9.79 -4.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 41.1%
  • ✓High NOI margin of 100.0%
  • ✓Share count reduced 2.2% through buybacks
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗High debt to equity ratio of 7.4x
  • ✗Weak Piotroski F-Score: 2/9
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y34.25%
3Y7.21%
TTM-39.13%

Profit (Net Income) CAGR

10Y-
5Y41.09%
3Y10.84%
TTM-75.62%

EPS CAGR

10Y-
5Y42.37%
3Y11.68%
TTM-75.9%

ROCE

10Y Avg-2.63%
5Y Avg0.35%
3Y Avg-
Latest-

Peer Comparison

Non-Agency MBS & Whole Loan Investors
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
Famous Investor Metrics
Dividends
Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MFAOMFA Financial, Inc. 9.000% Senior Notes2.61B25.5831.2019.47%34.47%7.04%7.66%4.99
MFANMFA Financial, Inc. 8.875% Senior Notes2.6B25.4731.0619.47%34.47%7.04%7.7%4.99
MFAMFA Financial, Inc.1.01B9.9112.0919.47%34.47%7.04%19.76%4.99
AOMRAngel Oak Mortgage, Inc.227.96M9.157.82-6.21%30.71%6.68%7.41
TWOTwo Harbors Investment Corp.1.39B13.355.63229.02%-17.84%-11.35%6.25%4.29

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+-1.35M11.8M10.38M41.76M-157.95M54.86M51.46M
Revenue Growth %-9.75%-0.12%3.02%-4.78%1.35%-0.06%
Property Operating Expenses4.44M5.24M6.3M0000
Net Operating Income (NOI)+-------
NOI Margin %-------
Operating Expenses+404K-6.66M3.34M41.76M-157.95M54.86M51.46M
G&A Expenses404K1.93M3.34M1.72M5.75M1.69M2.04M
EBITDA+010.92M736K0000
EBITDA Margin %-------
Depreciation & Amortization+6.2M5.78M00000
D&A / Revenue %-------
Operating Income+-6.2M5.14M736K0000
Operating Margin %-------
Interest Expense+07.94M7.5M11.48M63.02M67.05M73.5M
Interest Coverage-0.65x0.10x----
Non-Operating Income6.2M0736K0000
Pretax Income+-6.2M5.14M736K22.71M-191.29M34.96M32.01M
Pretax Margin %-------
Income Tax+0001.6M-3.46M1.25M3.26M
Effective Tax Rate %-------
Net Income+-6.2M5.14M736K21.11M-187.83M33.71M28.75M
Net Margin %-------
Net Income Growth %-1.83%-0.86%27.69%-9.9%1.18%-0.15%
Funds From Operations (FFO)+-------
FFO Margin %-------
FFO Growth %-------
FFO per Share+-------
FFO Payout Ratio %-------
EPS (Diluted)+-0.240.200.030.84-7.651.351.17
EPS Growth %-1.83%-0.86%29.55%-10.11%1.18%-0.13%
EPS (Basic)-0.240.200.030.84-7.651.361.18
Diluted Shares Outstanding26.21M26.21M15.72M20.85M24.55M24.94M24.4M

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+430.96M459.09M509.66M2.58B2.95B2.31B2.27B
Asset Growth %-0.07%0.11%4.06%0.14%-0.22%-0.02%
Real Estate & Other Assets+975K55K388K-746.39M-1.06B-644.81M-326.52M
PP&E (Net)0000000
Investment Securities1000K1000K1000K1000K1000K1000K1000K
Total Current Assets+232.34M197.1M200.54M0000
Cash & Equivalents791K7.41M43.57M40.8M29.27M41.63M40.76M
Receivables1000K1000K1000K1000K1000K1000K1000K
Other Current Assets2.08M6.05M7.48M-66.78M-48.08M-50.26M-50M
Intangible Assets0000000
Total Liabilities386.91M364.23M261.35M2.09B2.71B2.05B2.03B
Total Debt+385.67M362.55M260.39M1.47B1.64B1.46B1.77B
Net Debt384.87M355.13M216.82M1.43B1.61B1.42B1.73B
Long-Term Debt037.41M34.91M1.47B1.64B1.46B1.77B
Short-Term Borrowings1000K1000K1000K0000
Capital Lease Obligations0000000
Total Current Liabilities+386.91M326.81M226.44M0000
Accounts Payable0001.28M1.01B392.78M202.93M
Deferred Revenue0000000
Other Liabilities000-1.47B-1.64B-1.46B-1.77B
Total Equity+44.05M94.86M248.31M491.39M236.48M256.11M238.97M
Equity Growth %-1.15%1.62%0.98%-0.52%0.08%-0.07%
Shareholders Equity44.05M94.86M248.31M491.39M236.48M256.11M238.97M
Minority Interest0000000
Common Stock00157K252K249K249K234K
Additional Paid-in Capital45.6M87.63M246.49M476.51M475.38M477.07M461.06M
Retained Earnings-1.55M3.58M2.6M11.53M-218.02M-216.24M-218.85M
Preferred Stock0101K101K101K000
Return on Assets (ROA)-0.01%0.01%0%0.01%-0.07%0.01%0.01%
Return on Equity (ROE)-0.14%0.07%0%0.06%-0.52%0.14%0.12%
Debt / Assets0.89%0.79%0.51%0.57%0.56%0.63%0.78%
Debt / Equity8.76x3.82x1.05x2.99x6.95x5.70x7.41x
Net Debt / EBITDA-32.52x294.60x----
Book Value per Share1.683.6215.7923.569.6310.279.79

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-922.52M66.01M34.41M-1.57B-331.13M306.4M-221.43M
Operating CF Growth %-1.07%-0.48%-46.57%0.79%1.93%-1.72%
Operating CF / Revenue %-------
Net Income-6.2M5.14M736K21.11M-187.83M33.71M28.75M
Depreciation & Amortization0000003.26M
Stock-Based Compensation0001.72M5.75M1.69M2.04M
Other Non-Cash Items5.52M65.67M49.58M-1.58B-235.87M242.74M-267.27M
Working Capital Changes-921.84M-4.8M-15.9M-8.19M86.82M28.26M11.79M
Cash from Investing+-790.14M-78.7M-52.44M-460.48M664.33M-194.11M120.84M
Acquisitions (Net)0000000
Purchase of Investments0-472.87M-1.46B-2.09B-769.74M-3.39B-1.5B
Sale of Investments01000K1000K1000K1000K1000K1000K
Other Investing-790.14M-14.79M8.48M-12.31M7.9M4.34M33K
Cash from Financing+1.72B19.88M54.8M2.03B-345.65M-107.66M98.99M
Dividends Paid0-14K-76.72M-12.19M-41.72M-31.93M-31.36M
Common Dividends00-76.7M-12.17M-41.7M-31.93M-31.36M
Debt Issuance (Net)0-1000K-1000K1000K-1000K-1000K-1000K
Share Repurchases000-4.66M-6.86M0-19.95M
Other Financing1.72B69.11M188.06M1.16B118.19M374.43M431.62M
Net Change in Cash+8.07M7.18M36.77M6.34M-12.45M4.63M-1.6M
Exchange Rate Effect0000000
Cash at Beginning02.02M9.2M45.97M52.31M39.86M44.5M
Cash at End8.07M9.2M45.97M52.31M39.86M44.5M42.89M
Free Cash Flow+-922.52M66.01M34.41M-1.57B-331.13M306.4M-221.43M
FCF Growth %-1.07%-0.48%-46.57%0.79%1.93%-1.72%
FCF / Revenue %-------

Key Ratios

Metric2018201920202021202220232024
FFO per Share00.420.051.01-7.651.351.31
FFO Payout Ratio-0.13%10421.2%57.65%-22.2%94.7%97.98%
NOI Margin429.67%55.55%39.28%100%100%100%100%
Net Debt / EBITDA-32.52x294.60x----
Debt / Assets89.49%78.97%51.09%57.02%55.78%63.25%78.02%
Interest Coverage-0.65x0.10x----
Book Value / Share1.683.6215.7923.569.6310.279.79
Revenue Growth-975.22%-11.99%302.17%-478.22%134.74%-6.21%

Frequently Asked Questions

Valuation & Price

Angel Oak Mortgage, Inc. (AOMR) has a price-to-earnings (P/E) ratio of 7.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Angel Oak Mortgage, Inc. (AOMR) reported $57.5M in revenue for fiscal year 2024.

Angel Oak Mortgage, Inc. (AOMR) saw revenue decline by 6.2% over the past year.

Yes, Angel Oak Mortgage, Inc. (AOMR) is profitable, generating $17.7M in net income for fiscal year 2024 (55.9% net margin).

Dividend & Returns

Yes, Angel Oak Mortgage, Inc. (AOMR) pays a dividend with a yield of 14.05%. This makes it attractive for income-focused investors.

Angel Oak Mortgage, Inc. (AOMR) has a return on equity (ROE) of 11.6%. This is reasonable for most industries.

Industry Metrics

Angel Oak Mortgage, Inc. (AOMR) generated Funds From Operations (FFO) of $86.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Angel Oak Mortgage, Inc. (AOMR) offers a 14.05% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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