Impac Mortgage Holdings, Inc., sometimes referred to herein as the “ Company,” “we,” “our” or “us,” is a Maryland corporation incorporated in August 1995 and includes the following subsidiaries: Integrated Real Estate Service Corporation (IRES), Impac Mortgage Corp. (IMC), IMH Assets Corp. (IMH Assets), Copperfield Capital Corporation (CCC) and Impac Funding Corporation (IFC). IMC a subsidiary of IRES, conducts our mortgage lending and real estate services operations. Forward-Looking Statements This report on Form 10-K contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
| Metric | TTM | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 66M | - | 91M | 105M |
| Net Income | -39M | -39M | -4.7M | -88M | -8.0M | -145M |
| EPS | $-1.65 | $-1.65 | $-0.22 | $-4.15 | $-0.38 | $-6.92 |
| Free Cash Flow | 249M | 249M | -105M | 633M | -378M | 200M |
| ROIC | -62.2% | -108.7% | -8.0% | -84.1% | -5.2% | -62.5% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | -2.39 | 4.68 | 2.84 | 0.44 | 0.41 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -48M | -48M | -15M | -89M | -6.3M | -144M |
| Operating Margin | 0.0% | - | -22.4% | - | -6.9% | -137.5% |
| ROE | 0.0% | - | -36.4% | -147.1% | -7.4% | -77.5% |
| Shares Outstanding | 24M | 24M | 21M | 21M | 21M | 21M |
IMPAC MORTGAGE HOLDINGS INC passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 0.0x vs a median of 0.4x. At current prices, the estimated annualized return to fair value is +7.2%.
IMPAC MORTGAGE HOLDINGS INC (IMPM) has a 5-year average return on invested capital (ROIC) of -53.7%. This is below average and may indicate limited pricing power.
IMPAC MORTGAGE HOLDINGS INC (IMPM) has a market capitalization of $1M. It is classified as a small-cap stock.
IMPAC MORTGAGE HOLDINGS INC (IMPM) does not currently pay a regular dividend.
IMPAC MORTGAGE HOLDINGS INC (IMPM) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
IMPAC MORTGAGE HOLDINGS INC (IMPM) generated $249 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
IMPAC MORTGAGE HOLDINGS INC (IMPM) reported earnings per share (EPS) of $-1.65 in its most recent fiscal year.
The Ledger Terminal provides 13 years of financial data for IMPAC MORTGAGE HOLDINGS INC (IMPM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
IMPAC MORTGAGE HOLDINGS INC (IMPM) has a book value per share of $-0.48, based on its most recent annual SEC filing.
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