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Ellington Credit Company

EARN Financial Asset Management

Ellington Credit Company’s revenue for fiscal 2024 (year ended December 2024) was $49.9 million, up 17.2% from fiscal 2023.

Revenue
+8.08%
EPS
−109.3%
Free cash flow
+293.8%

Quarter to December 2024, against a year earlier

3.26 0.11 +3.49%
Market cap
$120.2M
P/E
10.5×
Fwd P/E
13.0×
Dividend yield
30.6%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 120.24
Revenue ttm 49.86
Net income ttm 6.59
Free cash flow ttm 9.11
Net debt Q 508.13
Valuation
P/E 10.47
Forward P/E 13.00
Price / sales 1.48
Forward P/S Powerpack
Price / FCF 8.12
Price / book 0.38
Financial health
Current ratio Q 0.14
Debt / equity Q 2.91
Interest coverage Q —
Growth
Revenue growth Q +8.08% (above 0%: growing)
Operating income growth Q +488.47% (above 0%: growing)
EPS, this year −3.41% (below 0%: weak)
EPS, next year A +9.80%
Revenue, next year A −16.37% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −4.88% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 25.03%
10-year low 10-year high
P/S against its own 10 years 0.40%
10-year low 10-year high
P/B against its own 10 years 0.26%
10-year low 10-year high

Dividends

Yield
30.6%
Annual rate
0.96
Payout ratio
—
Growth, 2017–25
−5.96%/yr
  1. 1.57 ’17
  2. 1.45 ’18 −8
  3. 1.18 ’19 −19
  4. 1.12 ’20 −5
  5. 1.18 ’21 +5
  6. 1.04 ’22 −12
  7. 0.96 ’23 −8
  8. 0.96 ’24 +0
  9. 0.96 ’25 +0
  10. 0.96 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2021 2022 2023 2024
Cash 187 35 39 55
Receivables 5 37 56 22
Inventory — — — —
Other — — — —
191 72 94 76
2021 2022 2023 2024
Payables — — — —
ST’ Debt 1,065 842 730 563
Other — — — —
1,066 844 731 564

Compound Annual Growth %

10y 5y 3y
Sales 0.63% 2.61% 20.69%
Cash Flow (8.12%) (12.27%) (31.12%)
Earnings (8.59%) (21.61%) 0.00%
Book Value 1.72% 3.79% 7.90%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.20 Actual 0.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY24 0.26 0.27 Beat by 0.01
Q4 FY25 0.27 0.26 Miss by 0.01
Q4 FY26 0.22 0.19 Miss by 0.03
Q1 FY27 0.20 0.15 Miss by 0.05
Q2 FY27 0.19 — Reports 18 November 2026

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’24 0.20 (0.04) 0.21 (0.07) 0.28
’23 0.17 0.09 (0.75) 0.75 0.31
’22 (1.33) (0.82) (1.04) 0.88 (2.29)
’21 0.01 (0.36) 0.07 (0.21) (0.50)
’20 (1.35) 1.73 0.66 0.60 1.63
’19 0.72 (0.01) 0.30 0.78 1.79
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’24 10 14 13 13 50
’23 9 10 11 12 43
’22 7 9 9 10 35
’21 7 10 5 6 28
’20 10 3 8 6 27
’19 13 12 10 9 44
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’24 (1) 3 3 4 9
’23 (2) (2) (3) (2) (10)
’22 7 7 4 4 22
’21 7 15 7 6 28
’20 6 9 8 8 24
’19 5 9 4 4 18
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’24 (1) 3 3 4 9
’23 (2) (2) (3) (2) (10)
’22 7 7 4 4 22
’21 7 15 7 6 28
’20 6 9 8 8 24
’19 5 9 4 4 18
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Trend 10 yrs 2025e 2026e 2027e Next 3/yr
Income, $m
Income, $m Revenue — 33 49 55 44 27 28 35 43 50 +5.1% 42 48 52 +1.5%
Gross margin, % — 92.57 93.94 94.79 93.93 90.19 90.20 93.83 94.86 94.17 +1.6 pt
EBT — 12 11 (11) 22 20 (6) (30) 5 7 (6.3%)
EBT margin, % — 35.54 21.93 (20.70) 50.76 73.62 (22.24) (86.27) 10.71 14.23 (21.3) pt
Net income — 12 11 (11) 22 20 (6) (30) 5 7 (7.1%)
Per share, $
Per share, $ Revenue — 3.67 4.24 4.26 3.52 2.21 2.24 2.66 2.86 2.11 (6.7%)
Earnings — 1.31 0.93 (0.88) 1.79 1.63 (0.50) (2.29) 0.31 0.28 (17.5%)
Cash flow — 2.18 2.97 2.25 1.41 1.97 2.20 1.70 (0.67) 0.39 (19.5%)
Capex — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Free cash flow — 2.18 2.97 2.25 1.41 1.97 2.20 1.70 (0.67) 0.39 (19.5%)
Book value — 15.53 16.61 12.01 12.91 13.47 12.16 8.54 9.16 8.22 (7.7%)
Shares, m — 9 12 13 12 12 13 13 15 24 +12.6%
Valuation, ×
Valuation, × P/E — 10.13 13.02 0.00 6.06 7.95 0.00 0.00 23.27 22.07 9.2
P/S — 3.59 2.80 2.40 3.08 5.90 4.65 2.64 2.12 3.13 3.4
P/B — 0.85 0.71 0.85 0.84 0.97 0.85 0.82 0.66 0.81 0.8
EV/Sales — 36.11 32.47 29.21 31.79 40.93 35.61 25.69 18.36 13.32 29.3
EV/FCF — 39.32 24.55 42.65 62.54 37.36 29.24 30.69 (62.96) 84.00 31.9
Cash, $m
Cash, $m Operating cash flow — 20 34 29 18 24 28 22 (10) 9 (9.3%)
Capex — — — — — — — — — — —
Free cash flow — 20 34 29 18 24 28 22 (10) 9 (9.3%)
Balance, $m
Balance, $m Working capital — (1,052) (1,433) (1,384) (1,249) (954) (875) (771) (637) (488) (9.2%)
Net debt — 1,089 1,460 1,463 1,259 957 878 807 691 508 (9.1%)
Shareholders’ equity — 142 193 154 161 166 154 112 136 194 +4.0%
Returns, %
Returns, % ROA — 0.80 0.65 (0.63) 1.41 1.50 (0.45) (2.28) 0.46 0.74 (0.1) pt
ROIC — 0.98 0.92 0.64 0.14 0.64 1.20 1.02 (0.62) 0.56 (0.4) pt
ROE — 8.31 6.45 (6.52) 14.15 12.29 (3.94) (22.65) 3.67 3.99 (4.3) pt
People
People Employees — 160 160 150 150 150 170 170 170 160 0.0%
Revenue/emp, $m — 0.21 0.31 0.36 0.29 0.18 0.17 0.21 0.25 0.31 +5.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2024 · latest quarter Dec 2024 · fundamentals updated 26 Oct 2026

Ellington Credit Company vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WHF WhiteHorse Finance, Inc. $177.0M 10.4× 8.3× −23.72% (below 0%: shrinking) +380.00% (above 0%: growing) −159.82% (below 0%: shrinking) 100.00% 66.34% Compare
WHG Westwood Holdings Group Inc $175.5M 22.0× — (loss-making) +9.40% (above 0%: growing) −18.18% (below 0%: shrinking) −29.81% (below 0%: shrinking) 100.00% 5.20% Compare
NSLR Neostellar Capital Corp. $148.3M 1.5× 1.3× +79.14% (above 0%: growing) n/m +8,274.08% (above 0%: growing) 100.00% 0.00% Compare
AMBR Amber International Holding Limited - Sponsored ADR $143.5M 291× — (loss-making) −26.53% (below 0%: shrinking) +57.00% (above 0%: growing) +274.25% (above 0%: growing) 79.48% 7.43% Compare
SAMG Silvercrest Asset Management Group Inc. $131.1M 91.4× 22.0× +4.52% (above 0%: growing) +14.29% (above 0%: growing) −23.65% (below 0%: shrinking) 100.00% 5.75% Compare
EARN Ellington Credit Company $120.2M 10.5× 13.0× +8.08% (above 0%: growing) n/m +293.76% (above 0%: growing) 93.62% 30.14%
HSDT Solana Company $117.2M — (loss-making) — (loss-making) +5,774.42% (above 0%: growing) n/m −331.34% (below 0%: shrinking) 96.95% (1,293.47%) Compare
SPMC Sound Point Meridian Capital, Inc. $115.8M — (loss-making) — — +76.60% (above 0%: growing) — — — Compare
DFDV DeFi Development Corp. $103.4M — (loss-making) — (loss-making) +66.87% (above 0%: growing) n/m +110.69% (above 0%: growing) 99.37% (689.20%) Compare
Median of peers $137.3M 22.0× 8.3× +9.40% +57.00% −23.65% 100.00% 5.20%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 5 May 2026

Ownership

Directors and executive officers, together 1.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ellington Credit Company (EARN) Latest News

13 Aug

Impact 3 · · MarketBeat transcript
Impact 3 · · Moby

12 Aug

Impact 3 ·

20 May

Impact 3 · · MarketBeat transcript
Impact 3 ·

19 May

Impact 3 · · Business Wire

31 Mar

Impact 4 · · Business Wire

25 Mar

Impact 4 · · Business Wire
Impact 4 · · Business Wire

6 Mar

Impact 4 · · MarketBeat

5 Mar

Impact 4 · · Moby

4 Mar

Impact 4 · · Business Wire

9 Dec

Impact 4 · · Zacks
Impact 4 · · Business Wire

19 Nov

Impact 4 · · Zacks
Impact 3 · · Business Wire

21 Aug

Impact 4 · transcript

20 Aug

Impact 3 ·

19 Aug

Impact 3 · · Business Wire

4 Aug

Impact 3 · · Zacks

5 Apr

Impact 3 · · Simply Wall St.

1 Apr

Impact 4 · · Business Wire
Impact 4 · · Business Wire

20 Mar

Impact 3 ·

12 Mar

Impact 3 ·

7 Mar

Impact 4 · · Business Wire

27 Feb

Impact 3 · · Business Wire

3 Feb

Impact 4 · · Business Wire

31 Jan

Impact 3 ·

21 Jan

Impact 4 ·
stockrow.com/EARN · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com