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loanDepot, Inc. (LDI) 10-Year Financial Performance & Capital Metrics

LDI • • Banking & Credit
Financial ServicesMortgage FinanceResidential Mortgage Origination & ServicingDigital Mortgage Lenders
AboutloanDepot, Inc. engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies. The company was founded in 2010 and is headquartered in Foothill Ranch, California.Show more
  • Net Interest Income -$189M -10.8%
  • Total Revenue $1.12B +7.0%
  • Net Income -$98M +10.7%
  • Return on Equity -16.24% -19.9%
  • Net Interest Margin -2.99% -7.4%
  • Efficiency Ratio 92.24% -4.6%
  • ROA -1.57% +8.8%
  • Equity / Assets 7.99% -30.3%
  • Book Value per Share 2.73 -32.2%
  • Tangible BV/Share -6.07 +18.0%
  • Debt/Equity 10.72 +51.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 88 (top 12%)
  • ✓Diversified revenue: 86.9% from non-interest income
  • ✓Trading at only 1.0x book value

✗Weaknesses

  • ✗High debt to equity ratio of 10.7x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak NIM of -3.0%
  • ✗High cost structure: 92.2% efficiency ratio
  • ✗Trading more than 30% below 52-week high

* 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-
5Y-4.18%
3Y-33.26%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM20.47%

EPS CAGR

10Y-
5Y-
3Y-
TTM29.77%

ROCE

10Y Avg13.16%
5Y Avg17.96%
3Y Avg-13.7%
Latest-8.33%

Peer Comparison

Digital Mortgage Lenders
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
RKTRocket Companies, Inc.22.01B22.76108.3834.84%0.54%-1.15%1.55
BETRBetter Home & Finance Holding Company382.78M38.84-2.8535.65%-171.83%-362.58%
LDIloanDepot, Inc.337.47M2.67-5.047.04%-8.8%-16.94%10.72

Profit & Loss

Dec 2013Dec 2014Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+4.24M5.52M-24.33M-44.07M-36.56M-35.54M-74.75M-170.99M-189.39M
NII Growth %-0.3%-5.41%-0.81%0.17%0.03%-1.1%-1.29%-0.11%
Net Interest Margin %---------
Interest Income18.9M34.42M122.08M127.57M142.88M262.48M200.2M133.26M146.49M
Interest Expense14.66M28.9M146.41M171.64M179.44M298.02M274.96M304.25M335.88M
Loan Loss Provision00-3.28M8.67M25.97M7.18M136.99M8.18M-6.35M
Non-Interest Income+309.38M486.13M1.01B1.26B4.2B3.49B1.21B910.25M970.5M
Non-Interest Income %---------
Total Revenue+328.28M520.55M1.13B1.38B4.34B3.76B1.41B1.04B1.12B
Revenue Growth %-0.59%1.18%0.22%2.14%-0.14%-0.62%-0.26%0.07%
Non-Interest Expense240.59M469.46M1.09B1.17B2.12B2.79B1.69B1.01B1.03B
Efficiency Ratio---------
Operating Income+73.03M22.19M-103.34M32.67M2.02B666.52M-689.98M-278.31M-242.85M
Operating Margin %---------
Operating Income Growth %--0.7%-5.66%1.32%60.69%-0.67%-2.04%0.6%0.13%
Pretax Income+73.03M22.19M-103.34M32.67M2.02B666.52M-689.98M-278.31M-242.85M
Pretax Margin %---------
Income Tax+772.72K509.12K-475K-1.75M2.25M43.37M-79.59M-42.8M-40.7M
Effective Tax Rate %---------
Net Income+72.26M21.68M000113.52M-273.02M-110.14M-98.33M
Net Margin %---------
Net Income Growth %--0.7%-1%----3.4%0.6%0.11%
Net Income (Continuing)72.26M21.68M-102.87M34.42M2.01B623.15M-610.38M-235.51M-202.15M
EPS (Diluted)+0.490.07-0.700.2715.930.83-1.75-0.63-0.53
EPS Growth %--0.86%-11%1.39%58%-0.95%-3.11%0.64%0.16%
EPS (Basic)1.170.07-0.700.2715.930.83-1.75-0.63-0.53
Diluted Shares Outstanding147.06M147.06M147.06M126.34M126.34M137.29M156.03M174.91M185.64M

Balance Sheet

Dec 2013Dec 2014Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks40.89M28.64M113.99M73.3M284.22M419.57M863.96M660.71M421.58M
Short Term Investments000000000
Total Investments+809.46M1.11B-3.45B3.83B7.62B8.35B2.43B2.25B2.78B
Investments Growth %-0.38%-4.1%2.11%0.99%0.1%-0.71%-0.08%0.24%
Long-Term Investments809.46M1.11B-3.45B3.83B7.62B8.35B2.43B2.25B2.78B
Accounts Receivables1000K1000K01000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+---------
Goodwill10.88M10.88M40.7M40.7M40.7M40.74M000
Intangible Assets4.15M3.82M429.19M450.08M1.13B2.01B2.04B2B1.63B
PP&E (Net)26.99M36.29M90.95M142.59M151.44M159.91M128.56M100.24M81.51M
Other Assets111.48M147.94M2.78B242.04M1.45B637.27M845.47M889.42M1.19B
Total Current Assets60.37M57.76M105.69M247M499.59M616.07M1.16B912.83M655.09M
Total Non-Current Assets962.97M1.31B3.33B4.71B10.39B11.2B5.45B5.24B5.69B
Total Assets+1.02B1.37B2.13B4.95B10.89B11.81B6.61B6.15B6.34B
Asset Growth %-0.34%0.55%1.33%1.2%0.08%-0.44%-0.07%0.03%
Return on Assets (ROA)0.07%0.02%---0.01%-0.03%-0.02%-0.02%
Accounts Payable00088.05M151.54M181.19M226.89M168.16M187.72M
Total Debt+783.86M1.05B2.53B4.37B8.63B9.52B5.13B4.98B5.43B
Net Debt742.97M1.02B2.41B4.3B8.34B9.1B4.27B4.32B5.01B
Long-Term Debt80M103M2.44B577.1M697.47M1.37B1.33B2.2B1.94B
Short-Term Debt697.76M938.62M547.89M3.68B7.84B8.08B3.75B2.73B3.45B
Other Liabilities76.62M116.65M-2.36B9.98M152.67M121.54M150.97M161.68M126.63M
Total Current Liabilities761.32M1.02B50.22M3.86B8.28B8.43B4.03B2.96B3.71B
Total Non-Current Liabilities162.73M230.83M3.18B719.76M956.81M1.75B1.66B2.49B2.13B
Total Liabilities924.05M1.25B3.23B4.58B9.24B10.18B5.69B5.45B5.84B
Total Equity+99.29M119.97M6.03B375.88M1.66B1.63B921.47M704.48M506.61M
Equity Growth %-0.21%49.24%-0.94%3.41%-0.02%-0.43%-0.24%-0.28%
Equity / Assets (Capital Ratio)---------
Return on Equity (ROE)0.73%0.2%---0.07%-0.21%-0.14%-0.16%
Book Value per Share0.680.8240.982.9813.1111.875.914.032.73
Tangible BV per Share---------
Common Stock002.67B00312K317K325K332K
Additional Paid-in Capital1.46M1.82M17.83M00565.07M788.6M821.05M843.52M
Retained Earnings97.83M118.15M210.41M00-28.98M-342.14M-451.71M-550.62M
Accumulated OCI00348.89M000000
Treasury Stock00000-12.85M-13.28M-16.49M-20.34M
Preferred Stock00192.58M000000

Cash Flow

Dec 2013Dec 2014Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-217.08M-314.56M-428.79M-1.5B-2.03B-1.47B4.46B-174.22M-865.42M
Operating CF Growth %--0.45%-0.36%-2.49%-0.36%0.28%4.04%-1.04%-3.97%
Net Income72.26M21.68M-102.87M34.42M2.01B623.15M-610.38M-235.51M-202.15M
Depreciation & Amortization5.78M11.69M36.28M61.34M60.7M58.15M62.97M55.42M47.12M
Deferred Taxes000-1.13B-3.87B31.32M-80.28M-43.17M-48.08M
Other Non-Cash Items-290.76M-367.56M-231.57M-521.36M-381.58M-2.17B5.23B43.75M-722.33M
Working Capital Changes-5.97M14.37M-132.69M57.94M140.62M-73.77M-161.49M-16.69M35.11M
Cash from Investing+-34.03M44.22M503.13M141.09M-27.67M296.78M667.76M165.66M495.05M
Purchase of Investments000-5K-750K-1.11M-325K0-225K
Sale/Maturity of Investments000150K213K1000K1000K1000K1000K
Net Investment Activity---------
Acquisitions-20.3M005K00000
Other Investing-2.05M62.22M543.91M153.49M6.77M349.53M703.81M180.69M515.32M
Cash from Financing+264.35M258.09M-56.94M1.36B2.43B1.3B-4.77B-226.09M151.74M
Dividends Paid-31.9M-8.2M0-7.61M-643.05M-463.31M-119.26M-2.98M-3.26M
Share Repurchases0-715K000-12.85M-430K-3.21M-3.85M
Stock Issued000000000
Net Stock Activity---------
Debt Issuance (Net)1000K1000K-1000K1000K1000K1000K-1000K-1000K1000K
Other Financing447.31K7.97M-16.65M-5.2M-130.19M-21.18M0-5.31M-13.34M
Net Change in Cash+13.24M-12.25M17.4M3.5M371.19M131.91M359.9M-234.65M-218.63M
Exchange Rate Effect000000000
Cash at Beginning27.65M40.89M96.59M113.99M117.5M488.69M620.6M980.5M745.86M
Cash at End40.89M28.64M113.99M117.5M488.69M620.6M980.5M745.86M527.22M
Interest Paid14.69M492.69K142.7M159.75M159.99M270.47M253.73M321.63M305.52M
Income Taxes Paid772.72K509.12K699K4.04M447K3.33M26.73M09.02M
Free Cash Flow+-228.75M-332.56M-469.56M-1.51B-2.06B-1.52B4.42B-194.83M-891.81M
FCF Growth %--0.45%-0.41%-2.22%-0.37%0.26%3.91%-1.04%-3.58%

Banking Ratios

Metric201320142018201920202021202220232024
Return on Equity (ROE)72.78%19.78%---6.91%-21.41%-13.55%-16.24%
Return on Assets (ROA)7.06%1.81%---1%-2.96%-1.73%-1.57%
Net Interest Margin0.41%0.4%-1.14%-0.89%-0.34%-0.3%-1.13%-2.78%-2.99%
Efficiency Ratio73.29%90.19%96.49%84.6%48.89%74.14%119.69%96.73%92.24%
Equity / Assets9.7%8.75%283.41%7.59%15.21%13.79%13.94%11.45%7.99%
Book Value / Share0.680.8240.982.9813.1111.875.914.032.73
NII Growth-30.11%-540.73%-81.14%17.03%2.79%-110.32%-128.73%-10.77%
Dividend Payout44.15%37.83%---408.12%---

Frequently Asked Questions

Growth & Financials

loanDepot, Inc. (LDI) grew revenue by 7.0% over the past year. This is steady growth.

loanDepot, Inc. (LDI) reported a net loss of $73.4M for fiscal year 2024.

Dividend & Returns

Yes, loanDepot, Inc. (LDI) pays a dividend with a yield of 0.66%. This makes it attractive for income-focused investors.

loanDepot, Inc. (LDI) has a return on equity (ROE) of -16.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

loanDepot, Inc. (LDI) has a net interest margin (NIM) of -3.0%. NIM has been under pressure due to interest rate environment.

loanDepot, Inc. (LDI) has an efficiency ratio of 92.2%. This is higher than peers, suggesting room for cost optimization.

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