A Business at a Glance
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Ellington Financial Inc.
EFC
$1.3B
Mkt Cap
$13.37
+0.68%
Ellington Financial Inc. (EFC) has a current P/E ratio of 11.2, compared to its historical median P/E of 9.5. The stock is currently considered Fair based on its historical valuation range.
Ellington Financial Inc. (EFC) has a 5-year average return on invested capital (ROIC) of 6.1%. This is below average and may indicate limited pricing power.
Ellington Financial Inc. (EFC) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, Ellington Financial Inc. (EFC) pays a dividend with a trailing twelve-month yield of 13.76%.
Based on historical P/E analysis, Ellington Financial Inc. (EFC) appears fair. The current P/E of 11.2 is 19% above its historical median of 9.5. The estimated fair value CAGR (P/E method) is -4.2%.
Ellington Financial Inc. (EFC) operates in the Real Estate industry, within the Real Estate sector.
Ellington Financial Inc. (EFC) reported annual revenue of $336 million in its most recent fiscal year, based on SEC EDGAR filings.
Except where the context suggests otherwise, references in this Annual Report on Form 10-K to "EFC," "we," "us," and "our" refer to Ellington Financial Inc. and its consolidated subsidiaries, including Ellington Financial Operating Partnership LLC, our operating partnership subsidiary, which we refer to as our "Operating Partnership." References in this Annual Report on Form 10-K to (1) "common shares" refer to shares of our common stock, $0.001 par value per share and (2) "common stockholders" refer to holders of shares of our common stock. We conduct all of our operations and business activities through our Operating Partnership. Our "Manager" refers to Ellington Financial Management LLC, our external manager, "Ellington" refers to Ellington Management Group, L.L.C.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 336M | 336M | 306M | 277M | 60M | 151M |
| Net Income | 119M | 119M | 118M | 61M | -85M | 125M |
| EPS | $1.19 | $1.19 | $1.36 | $0.89 | $-1.43 | $2.58 |
| Free Cash Flow | 925M | 925M | 431M | -242M | 42M | 49M |
| ROIC | 2.2% | 5.2% | 6.5% | 3.0% | 0.4% | 15.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.36 | 0.36 | 0.18 | 0.18 | 0.17 | 0.07 |
| Dividends/Share | $1.84 | $1.84 | $1.89 | $2.18 | $2.06 | $1.64 |
| Operating Income | 52M | 52M | 29M | 41M | 5.4M | 173M |
| Operating Margin | 15.6% | 15.6% | 9.4% | 14.8% | 9.0% | - |
| ROE | 6.5% | 7.0% | 7.6% | 4.5% | -6.9% | 11.5% |
| Shares Outstanding | 100M | 100M | 87M | 68M | 60M | 49M |
| Metric | ||||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 93M | 47M | 151M | 60M | 277M | 306M | 336M | 336M |
| Gross Margin | N/A | 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 | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 137M | 7.0M | 173M | 5.4M | 41M | 29M | 52M | 52M |
| Op. Margin | N/A | 15.0% | N/A | 9.0% | 14.8% | 9.4% | 15.6% | 15.6% |
| Net Income | 56M | 17M | 125M | -85M | 61M | 118M | 119M | 119M |
| Net Margin | 60.5% | 37.0% | 83.0% | -142.2% | 22.0% | 38.6% | 35.3% | 35.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | 19.1% | 0.5% | 15.3% | 0.4% | 3.0% | 6.5% | 5.2% | 2.2% |
| ROE | 8.1% | 2.0% | 11.5% | -6.9% | 4.5% | 7.6% | 7.0% | 6.5% |
| ROA | 1.4% | 0.4% | 2.9% | -0.9% | 0.4% | 0.7% | 0.7% | 0.6% |
| Cash Flow | ||||||||
| Op. Cash Flow | 79M | 120M | 51M | 43M | -242M | 431M | 925M | 925M |
| Free Cash Flow | 79M | 119M | 49M | 42M | -242M | 431M | 925M | 925M |
| Owner Earnings | 79M | 119M | 50M | 41M | -245M | 427M | 920M | 920M |
| CapEx | 240K | 153K | 2.2M | 222K | 37K | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 555K | 1.7M | 2.0M | 1.4M | 1.4M |
| Growth CapEx | N/A | N/A | N/A | 0 | 0 | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 555K | 1.7M | 2.0M | 1.4M | 1.4M |
| CapEx/OCF | 0.3% | 0.1% | 4.3% | 0.5% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 54M | 65M | 86M | 123M | 149M | 164M | 184M | 184M |
| Dividend Yield | 20.6% | 22.0% | 17.8% | 21.5% | 23.6% | 18.7% | 15.1% | 13.8% |
| Share Buybacks | 782K | 3.1M | 0 | 1.7M | 12M | 685K | 0 | 0 |
| Buyback Yield | 0.3% | 0.8% | N/A | 0.3% | 1.8% | 0.1% | N/A | 0.0% |
| Stock-Based Comp | 475K | 722K | 971K | 1.4M | 1.3M | 1.1M | 3.6M | 3.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | -2.3B | -1.5B | -2.1B | -1.5B | -1.5B | -873M | -577M | 458M |
| Cash & Equiv. | 72M | 112M | 93M | 217M | 229M | 192M | 202M | 202M |
| Long-Term Debt | 85M | 86M | 86M | 0 | 273M | 282M | 660M | 660M |
| Debt/Equity | 0.30 | 0.10 | 0.07 | 0.17 | 0.18 | 0.18 | 0.36 | 0.36 |
| Interest Coverage | 1.7 | 0.1 | 3.9 | 0.0 | 0.2 | 0.1 | 0.2 | 0.2 |
| Equity | 829M | 885M | 1.3B | 1.2B | 1.5B | 1.6B | 1.8B | 1.8B |
| Total Assets | 4.3B | 3.4B | 5.2B | 14.1B | 15.3B | 16.3B | 19.4B | 19.4B |
| Total Liabilities | 3.5B | 2.5B | 3.9B | 12.9B | 13.8B | 14.7B | 17.5B | 17.5B |
| Intangibles | N/A | N/A | 0 | 3.3M | 2.7M | 2.2M | 1.8M | 1.8M |
| Retained Earnings | -104M | -142M | -97M | -291M | -353M | -375M | -413M | -413M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | 1.76 | 0.39 | 2.58 | -1.43 | 0.89 | 1.36 | 1.19 | 1.19 |
| Owner EPS | 2.46 | 2.69 | 1.04 | 0.68 | -3.58 | 4.93 | 9.22 | 9.22 |
| Book Value | 25.85 | 20.02 | 26.58 | 20.04 | 22.17 | 18.13 | 18.38 | 18.38 |
| Cash Flow/Share | 2.47 | 2.70 | 1.06 | 0.72 | -3.53 | 4.97 | 9.27 | 1.20 |
| Dividends/Share | 1.81 | 1.26 | 1.64 | 2.06 | 2.18 | 1.89 | 1.84 | 1.84 |
| Shares Out. | 32.1M | 44.2M | 48.6M | 59.7M | 68.4M | 86.6M | 99.8M | 99.8M |
| Valuation | ||||||||
| P/E Ratio | 5.1 | 21.0 | 3.9 | N/A | 11.1 | 7.8 | 11.4 | 11.2 |
| P/FCF | 3.6 | 3.0 | 10.1 | 11.5 | N/A | 2.1 | 1.5 | 1.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 1.6 | 14.8 | 34.2 |
| Price/Book | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.7 | 0.7 |
| Price/Sales | 2.8 | 6.3 | 3.2 | 9.5 | 2.3 | 2.9 | 3.6 | 4.0 |
| FCF Yield | 27.6% | 32.9% | 9.9% | 8.7% | -35.6% | 46.9% | 68.4% | 69.4% |
| Market Cap | 287M | 363M | 495M | 489M | 679M | 918M | 1.4B | 1.3B |
| Avg. Price | 8.22 | 6.68 | 9.93 | 9.58 | 9.24 | 10.09 | 12.22 | 13.37 |
| Year-End Price | 8.93 | 8.20 | 10.18 | 8.20 | 9.92 | 10.59 | 13.57 | 13.37 |
Ellington Financial Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Ellington Financial Inc. trades at 11.2x trailing earnings, compared to its 15-year median P/E of 9.5x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 6.1%. Total shareholder yield (dividends) is 13.8%. At current prices, the estimated annualized return to fair value is -22.5%.
Ellington Financial Inc. (EFC) has a net profit margin of 35.3%. This is a strong margin indicating high profitability.
Ellington Financial Inc. (EFC) generated $925 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ellington Financial Inc. (EFC) has a debt-to-equity ratio of 0.36. This indicates a conservatively financed balance sheet.
Ellington Financial Inc. (EFC) reported earnings per share (EPS) of $1.19 in its most recent fiscal year.
Ellington Financial Inc. (EFC) has a return on equity (ROE) of 7.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 7 years of financial data for Ellington Financial Inc. (EFC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ellington Financial Inc. (EFC) has a book value per share of $18.38, based on its most recent annual SEC filing.