AG Mortgage Investment Trust, Inc. - MITT-PA

MITT-PA Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
MITT-PA	0.3	0.7	-2.6	-8.4	1.3	10.5	-13.5	-15.9	-13.7	-13.1
S&P 500	1.0	1.5	1.1	2.3	8.9	23.6	33.8	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

Our interactive price chart includes various drawing tools to help you analyze the product more effectively. Below is a quick guide on how to use these tools: Full Guideline

Real-time Full Quote

Attribute	Value
symbol	MITT-PA
name	AG Mortgage Investment Trust, Inc.
price	21.77
changes percentage	0.2764
change	0.06
day low	21.7012
day high	21.83
year high	23.9
year low	19.09
market cap	191456069
price avg 50	22.174526
price avg 200	21.35948
exchange	NYSE
volume	3358
avg volume	7919
open	21.8045
previous close	21.71
eps	1.574
pe	13.83
earnings announcement	2025-02-20T13:30:00.000+0000
shares outstanding	8794491
timestamp	2025-01-17 20:17:04

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 40.0%

Overall Quarterly Financial Health: 51.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001514281
revenue	63656000	218000	29100.00
gross profit	46137000	-17076000	370.19
gross profit ratio	0.72	-78.33	100.93
research and development expenses	0	-0.17	100.00
operating expenses	8627000	43060000	-79.97
interest income	260329000	180303000	44.38
interest expense	212500000	118918000	78.69
ebitda	248560000	52937000	369.54
ebitdaratio	3.9	242.83	-98.39
operating income	37510000	47474000	-20.99
operating income ratio	0.59	217.77	-99.73
net income	53784000	-161760000	133.25
net income ratio	0.84	-742.02	100.11
eps	1.68	-7.07	123.76

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001514281
revenue	98848000	104145000	-5.09
gross profit	93729000	98901000	-5.23
gross profit ratio	0.95	0.95	-0.15
research and development expenses	0	0	NaN
operating expenses	-17634000	4814000	-466.31
interest income	107456000	99815000	7.66
interest expense	92506000	83434000	10.87
ebitda	110679000	0	NaN
ebitdaratio	1.12	0.83	34.14
operating income	111363000	86929000	28.11
operating income ratio	1.13	0.83	34.97
net income	16640000	3925000	323.95
net income ratio	0.17	0.04	346.67
eps	0.4	-0.02	1885.71

Overall Score of Quarterly Income Statement

0.57 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 99 million in 2024Q3 from 104 million in 2024Q2 representing a change of -5.09%. This indicates a sales growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to -18 million in 2024Q3 from 5 million in 2024Q2 representing a change of -466.31%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 111 million in 2024Q3 from 0 million in 2024Q2 representing a change of nan%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Earnings per Share (EPS): EPS increased to 0.4 in 2024Q3 from 0.4 in 2024Q2 representing a change of 1885.71%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 94 million in 2024Q3 from 99 million in 2024Q2 representing a change of -5.23%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Income: Operating income decreased to 111 million in 2024Q3 from 87 million in 2024Q2 representing a change of 28.11%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 17 million in 2024Q3 from 4 million in 2024Q2 representing a change of 323.95%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001514281
total assets	6126428000	4369778000	40.20
total liabilities	5598060000	3906978000	43.28
total equity	528368000	4247536000	-87.56
cash and cash equivalents	111534000	84621000	31.80
short term investments	0	71064000	-100.00
long term investments	62809000	114783000	-45.28
total current assets	142098000	155685000	-8.73
total non current assets	226755000	114783000	97.55
total current liabilities	726058000	14121000	5041.69
total non current liabilities	4872002000	14121000	34401.82
common stock	294000	212000	38.68
retained earnings	-516113000	-536490000	3.80
total debt	5564481000	3883539000	43.28

Overall Score of Annual Balance Sheet

0.4 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 6,126 million in 2023 from 4,370 million in 2022 representing a change of 40.2%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 112 million in 2023 from 85 million in 2022 representing a change of 31.8%. This indicates an increase in available liquid assets.

  Common Stock: Common Stock increased to 0 in 2023 from 0 in 2022 representing a change of 38.68%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to -516 million in 2023 from -536 million in 2022 representing a change of 3.8%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 5,598 million in 2023 from 3,907 million in 2022 representing a change of 43.28%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 528 million in 2023 from 4,248 million in 2022 representing a change of -87.56%. This indicates a decrease in shareholders' equity.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 71 million in 2022 representing a change of -100.0%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 142 million in 2023 from 156 million in 2022 representing a change of -8.73%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 726 million in 2023 from 14 million in 2022 representing a change of 5041.69%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 5,564 million in 2023 from 3,884 million in 2022 representing a change of 43.28%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001514281
total assets	6960075000	7100101000	-1.97
total liabilities	6419990000	6566599000	-2.23
total equity	540085000	533501999	1.23
cash and cash equivalents	102532000	148434000	-30.92
short term investments	0	689000	-100.00
long term investments	70984000	118984000	-40.34
total current assets	102532000	6345700000	-98.38
total non current assets	70984000	754401000	-90.59
total current liabilities	35611000	984393000	-96.38
total non current liabilities	12707041000	5582206000	127.63
common stock	295000	295000	0.00
retained earnings	-504921000	-511371000	1.26
total debt	6382599000	6527223000	-2.22

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 6,960 million in 2024Q3 from 7,100 million in 2024Q2 representing a change of -1.97%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 103 million in 2024Q3 from 148 million in 2024Q2 representing a change of -30.92%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2024Q3 from 1 million in 2024Q2 representing a change of -100.0%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 103 million in 2024Q3 from 6,346 million in 2024Q2 representing a change of -98.38%. This indicates a worsen liquidity position.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 6,420 million in 2024Q3 from 6,567 million in 2024Q2 representing a change of -2.23%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 540 million in 2024Q3 from 534 million in 2024Q2 representing a change of 1.23%. This indicates an increase in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities decreased to 36 million in 2024Q3 from 984 million in 2024Q2 representing a change of -96.38%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to -505 million in 2024Q3 from -511 million in 2024Q2 representing a change of 1.26%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 6,383 million in 2024Q3 from 6,527 million in 2024Q2 representing a change of -2.22%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001514281
net change in cash	26770000	-1426000	1977.28
operating cash flow	28134000	22520000	24.93
free cash flow	28134000	22520000	24.93
capital expenditure	0	0	NaN
depreciation and amortization	0	5463000	-100.00
deferred income tax	0	0	NaN
stock based compensation	380000	327000	16.21
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	-433505000	-1490351000	70.91
debt repayment	483309000	1513678000	-68.07
common stock issued	0	0	NaN
common stock repurchased	-6352000	-18217000	65.13
dividends paid	-35781000	-37765000	5.25
net cash used provided by financing activities	432141000	1466405000	-70.53
cash at end of period	125573000	98803000	27.09
accounts receivables	0	0	NaN
cash at beginning of period	98803000	100229000	-1.42

Overall Score of Annual Cashflow Statement

0.8 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 27 million in 2023 from -1 million in 2022 representing a change of 1977.28%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 28 million in 2023 from 23 million in 2022 representing a change of 24.93%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 28 million in 2023 from 23 million in 2022 representing a change of 24.93%. This indicates an increase in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid increased to -36 million in 2023 from -38 million in 2022 representing a change of 5.25%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• 📉 Negative Indicators

  Stock-Based Compensation: Stock-Based Compensation increased to 0 million in 2023 from 0 million in 2022 representing a change of 16.21%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0001514281
operating cash flow	14480000	15328000	-5.53
free cash flow	14480000	15328000	-5.53
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	133000	198000	-32.83
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	286834000	-674881000	142.50
debt repayment	-322137000	701240000	-145.94
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-3572000	-9887000	63.87
net cash used provided by financing activities	-332323000	691353000	-148.07
net change in cash	-34216000	31800000	-207.60
cash at end of period	114218000	148434000	-23.05
cash at beginning of period	148434000	116634000	27.26

Overall Score of Quarterly Cashflow Statement

0.4 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -34 million in 2024Q3 from 32 million in 2024Q2 representing a change of -207.6%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 14 million in 2024Q3 from 15 million in 2024Q2 representing a change of -5.53%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 14 million in 2024Q3 from 15 million in 2024Q2 representing a change of -5.53%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -32.83%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Dividends Paid: Dividends Paid increased to -4 million in 2024Q3 from -10 million in 2024Q2 representing a change of 63.87%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q3 2024 Earnings call transcript
Q2 2024 Earnings call transcript
Q1 2024 Earnings call transcript
Q4 2023 Earnings call transcript
Q3 2023 Earnings call transcript
Q2 2023 Earnings call transcript
Q1 2023 Earnings call transcript
Q4 2022 Earnings call transcript

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	3.02	0.01	31584.66
net income per share	2.55	-7.07	136.08
operating cash flow per share	1.33	0.98	35.56
free cash flow per share	1.33	0.98	35.56
cash per share	5.29	6.8	-22.26
book value per share	25.05	20.22	23.88
tangible book value per share	25.05	20.22	23.88
shareholders equity per share	25.05	20.22	23.88
interest debt per share	273.86	174.86	56.62
market cap	133953250.0	121545900.0	10.21
enterprise value	5586900250	3920463900	42.51
pe ratio	2.49	-0.75	431.46
price to sales ratio	2.1	557.55	-99.62
pocfratio	4.76	5.4	-11.78
pfcf ratio	4.76	5.4	-11.78
pb ratio	0.25	0.26	-3.47
ptb ratio	0.25	0.26	-3.47
ev to sales	87.77	17983.78	-99.51
enterprise value over ebitda	22.48	74.06	-69.65
ev to operating cash flow	198.58	174.09	14.07
ev to free cash flow	198.58	174.09	14.07
earnings yield	0.4	-1.33	130.17
free cash flow yield	0.21	0.19	13.36
debt to equity	10.53	8.39	25.50
debt to assets	0.91	0.89	2.20
net debt to ebitda	21.94	71.76	-69.43
current ratio	0.2	11.03	-98.22
interest coverage	0.18	0.4	-55.78
income quality	0.52	-0.42	223.34
dividend yield	0.27	0.31	-14.03
payout ratio	0.67	-0.23	384.96
sales general and administrative to revenue	0.03	37.14	-99.92
research and ddevelopement to revenue	0	-0.0	100.00
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0.01	1.5	-99.60
graham number	37.91	56.7	-33.15
roic	0.11	0.7	-84.00
return on tangible assets	0.01	-0.04	123.72
graham net net	-259.0	-163.21	-58.69
working capital	-583960000	141564000	-512.51
tangible asset value	528368000	462800000	14.17
net current asset value	-5455962000	-3751293000	-45.44
invested capital	-583960000	141564000	-512.51
average receivables	25979000	18772000	38.39
average payables	19016000	9018000	110.87
average inventory	-609000	-724499.5	15.94
days sales outstanding	175.25	35820.23	-99.51
days payables outstanding	498.17	298.03	67.15
days of inventory on hand	0	-25.71	100.00
receivables turnover	2.08	0.01	20339.24
payables turnover	0.73	1.22	-40.18
inventory turnover	0	-14.2	100.00
roe	0.1	-0.35	129.12
capex per share	0	0	NaN

• ROE:

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 2.49 on 2023-12-31 from -0.75 on 2022-12-31, representing a change of 431.46%. Indicating an increase in the relative valuation of the company's stock.

• Negative

  Current Ratio: Current Ratio decreased to 0.20 on 2023-12-31 from 11.03 on 2022-12-31, representing a change of -98.22%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 10.53 on 2023-12-31 from 8.39 on 2022-12-31, representing a change of 25.50%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. A ratio of 2.0 or higher is usually considered risky.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
MITT-PA
calendar year	2024	2024	NaN
revenue per share	3.35	3.53	-5.15
net income per share	0.56	0.13	323.68
operating cash flow per share	0.49	0.52	-5.59
free cash flow per share	0.49	0.52	-5.59
cash per share	3.48	5.06	-31.29
book value per share	18.31	18.1	1.17
tangible book value per share	18.31	18.1	1.17
shareholders equity per share	18.31	18.1	1.17
interest debt per share	219.55	224.29	-2.11
market cap	221492430	193349440	14.56
enterprise value	6501559430	6572138440	-1.07
pe ratio	3.33	12.32	-72.98
price to sales ratio	2.24	1.86	20.69
pocfratio	15.3	12.61	21.26
pfcf ratio	15.3	12.61	21.26
pb ratio	0.41	0.36	13.16
ptb ratio	0.41	0.36	13.16
ev to sales	65.77	63.11	4.23
enterprise value over ebitda	58.74	0	NaN
ev to operating cash flow	449.0	428.77	4.72
ev to free cash flow	449.0	428.77	4.72
earnings yield	0.08	0.02	270.08
free cash flow yield	0.07	0.08	-17.54
debt to equity	11.82	12.23	-3.41
debt to assets	0.92	0.92	-0.25
net debt to ebitda	56.74	0	NaN
current ratio	2.88	6.45	-55.34
interest coverage	1.2	1.04	15.54
income quality	0.87	3.91	-77.72
dividend yield	0.02	0.05	-68.46
payout ratio	0.21	2.52	-91.48
sales general and administrative to revenue	0.01	0.01	-5.18
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0.0	0.0	-29.23
graham number	15.25	7.36	107.03
roic	0.81	0.02	4262.61
return on tangible assets	0.0	0.0	332.48
graham net net	-213.3	-216.82	1.62
working capital	66921000	5361307000	-98.75
tangible asset value	540085000	533502000	1.23
net current asset value	-6317458000	-220899000	-2759.89
invested capital	66921000	5361307000	-98.75
average receivables	36049500	34431500	4.70
average payables	25691500	24328500	5.60
average inventory	-344499.5	2369500.5	-114.54
days sales outstanding	32.4	31.56	2.67
days payables outstanding	442.98	449.43	-1.43
days of inventory on hand	0	-11.82	100.00
receivables turnover	2.78	2.85	-2.60
payables turnover	0.2	0.2	1.46
inventory turnover	0	-7.61	100.00
roe	0.03	0.01	318.78
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2024-09-30 Q3 from 0.01 on 2024-06-30 Q2, representing a change of 318.78%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 3.33 on 2024-09-30 Q3 from 12.32 on 2024-06-30 Q2, representing a change of -72.98%. Indicating a decrease in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 11.82 on 2024-09-30 Q3 from 12.23 on 2024-06-30 Q2, representing a change of -3.41%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. However, a ratio of 2.0 or higher is usually considered risky.

• Neutral

  Current Ratio: Current Ratio decreased to 2.88 on 2024-09-30 Q3 from 6.45 on 2024-06-30 Q2, representing a change of -55.34%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None