A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
PART I The Company Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first and second lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Our strategy is to make credit-sensitive investments primarily in newly-originated non-QM loans and other mortgage assets that are primarily made to higher-quality borrowers and sourced from the proprietary mortgage lending platform of our affiliate, Angel Oak Mortgage Lending, and other originators through our relationship with Angel Oak Capital. We may also invest in other residential mortgage loans, RMBS, and other mortgage‑related assets as defined in target assets below. Our objective is to generate attractive risk‑adjusted returns for our stockholders, through cash distributions and capital appreciation, across interest rate and credit cycles. We are a Maryland corporation and commenced operations in September 2018.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 41M | 41M | 37M | 29M | - | 49M |
| Net Income | 44M | 44M | 29M | 34M | -188M | 21M |
| EPS | $1.80 | $1.80 | $1.17 | $1.35 | $-7.65 | $1.01 |
| Free Cash Flow | -407M | -407M | -221M | 306M | -331M | -1.6B |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 9.33 | 9.33 | 0.54 | 1.13 | 2.71 | 1.74 |
| Dividends/Share | $1.26 | $1.26 | $1.26 | $1.28 | $1.70 | $0.58 |
| Operating Income | 0 | - | - | - | - | - |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | 16.5% | 17.4% | 12.0% | 13.2% | -79.4% | 4.3% |
| Shares Outstanding | 24M | 24M | 25M | 25M | 25M | 21M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 10M | 49M | N/A | 29M | 37M | 41M | 41M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.6M | 19M | 33M | 20M | 19M | 16M | 16M |
| EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | 721K | 21M | -188M | 34M | 29M | 44M | 44M |
| Net Margin | 6.9% | 43.0% | N/A | 116.7% | 77.9% | 107.1% | 107.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROE | 0.3% | 4.3% | -79.4% | 13.2% | 12.0% | 17.4% | 16.5% |
| ROA | 0.1% | 0.8% | -6.4% | 1.5% | 1.3% | 1.8% | 1.6% |
| Cash Flow | |||||||
| Op. Cash Flow | 34M | -1.6B | -331M | 306M | -221M | -407M | -407M |
| Free Cash Flow | 34M | -1.6B | -331M | 306M | -221M | -407M | -407M |
| Owner Earnings | 34M | -1.6B | -337M | 303M | -224M | -408M | -408M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 1.5M | 565K | 61K | 61K |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 1.5M | 565K | 61K | 61K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 12M | 42M | 32M | 31M | 31M | 31M |
| Dividend Yield | N/A | 5.9% | 20.9% | 21.8% | 14.7% | 15.0% | 14.2% |
| Share Buybacks | 0 | 4.7M | 6.9M | 0 | 20M | 0 | 0 |
| Buyback Yield | N/A | 2.4% | 8.6% | N/A | 10.4% | N/A | 0.0% |
| Stock-Based Comp | 0 | 1.7M | 5.8M | 1.7M | 2.0M | 1.4M | 1.4M |
| Debt Repayment | 0 | 3.0M | 457K | 0 | 1.0M | 666K | 666K |
| Balance Sheet | |||||||
| Net Debt | -5.2M | 772M | 581M | 207M | 48M | 2.4B | 2.5B |
| Cash & Equiv. | 44M | 41M | 29M | 42M | 41M | 42M | 42M |
| Long-Term Debt | N/A | N/A | N/A | 0 | N/A | 2.3B | 2.3B |
| Debt/Equity | 0.33 | 1.74 | 2.71 | 1.13 | 0.54 | 9.33 | 9.33 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 248M | 491M | 236M | 256M | 239M | 268M | 268M |
| Total Assets | 510M | 2.6B | 2.9B | 2.3B | 2.3B | 2.7B | 2.7B |
| Total Liabilities | 261M | 2.1B | 2.7B | 2.1B | 2.0B | 2.5B | 2.5B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 2.6M | 12M | -218M | -216M | -219M | -206M | -206M |
| Working Capital | 2.3M | 11M | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 2.4M | 12M | 11M | 2.9M | 2.1M | 3.7M | 3.7M |
| Current Liabilities | 121K | 442K | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||
| EPS | 0.05 | 1.01 | -7.65 | 1.35 | 1.17 | 1.80 | 1.80 |
| Owner EPS | 2.39 | -75.14 | -13.72 | 12.14 | -9.12 | -16.70 | -16.70 |
| Book Value | 17.22 | 23.52 | 9.63 | 10.26 | 9.72 | 10.94 | 10.94 |
| Cash Flow/Share | 2.39 | -75.06 | -13.49 | 12.27 | -9.01 | -16.64 | 1.80 |
| Dividends/Share | 0.00 | 0.58 | 1.70 | 1.28 | 1.26 | 1.26 | 1.26 |
| Shares Out. | 14.4M | 20.9M | 24.6M | 25.0M | 24.6M | 24.5M | 24.5M |
| Valuation | |||||||
| P/E Ratio | N/A | 9.1 | N/A | 6.1 | 6.7 | 4.6 | 5.0 |
| P/FCF | N/A | N/A | N/A | 0.7 | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 0.4 | 0.3 | 0.8 | 0.8 | 0.8 | 0.8 |
| Price/Sales | N/A | 4.2 | N/A | 5.1 | 5.7 | 5.0 | 5.3 |
| FCF Yield | N/A | -813.5% | -415.1% | 149.4% | -115.8% | -199.0% | -186.5% |
| Market Cap | N/A | 193M | 80M | 205M | 191M | 205M | 218M |
| Avg. Price | N/A | 9.85 | 8.12 | 5.88 | 8.60 | 8.42 | 8.92 |
| Year-End Price | N/A | 9.23 | 3.25 | 8.21 | 7.79 | 8.36 | 8.92 |
Angel Oak Mortgage REIT, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Angel Oak Mortgage REIT, Inc. trades at 5.0x trailing earnings, compared to its 15-year median P/E of 6.4x, suggesting it is currently Fair relative to its historical range. Total shareholder yield (dividends) is 14.2%. At current prices, the estimated annualized return to fair value is -7.4%.
Angel Oak Mortgage REIT, Inc. (AOMR) has a current P/E ratio of 5.0, compared to its historical median P/E of 6.4. The stock is currently considered Fair based on its historical valuation range.
Angel Oak Mortgage REIT, Inc. (AOMR) has a market capitalization of $218M. It is classified as a small-cap stock.
Yes, Angel Oak Mortgage REIT, Inc. (AOMR) pays a dividend with a trailing twelve-month yield of 14.18%.
Based on historical P/E analysis, Angel Oak Mortgage REIT, Inc. (AOMR) appears fair. The current P/E of 5.0 is 22% below its historical median of 6.4. The estimated fair value CAGR (P/E method) is 14.3%.
Angel Oak Mortgage REIT, Inc. (AOMR) operates in the Real Estate industry, within the Real Estate sector.
Angel Oak Mortgage REIT, Inc. (AOMR) reported annual revenue of $41 million in its most recent fiscal year, based on SEC EDGAR filings.
Angel Oak Mortgage REIT, Inc. (AOMR) has a net profit margin of 107.1%. This is a strong margin indicating high profitability.
Angel Oak Mortgage REIT, Inc. (AOMR) generated $-407 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Angel Oak Mortgage REIT, Inc. (AOMR) has a debt-to-equity ratio of 9.33. This indicates higher leverage, which may increase financial risk.
Angel Oak Mortgage REIT, Inc. (AOMR) reported earnings per share (EPS) of $1.80 in its most recent fiscal year.
Angel Oak Mortgage REIT, Inc. (AOMR) has a return on equity (ROE) of 17.4%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 6 years of financial data for Angel Oak Mortgage REIT, Inc. (AOMR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Angel Oak Mortgage REIT, Inc. (AOMR) has a book value per share of $10.94, based on its most recent annual SEC filing.
No recent press releases.