Adamas Trust, Inc. (ADAM) vs Apollo Commercial Real Estate Finance (ARI)

Adamas Trust, Inc. and Apollo Commercial Real Estate Finance are both Reit Mortgage companies. Adamas Trust, Inc. and Apollo Commercial Real Estate Finance are of similar size ($804.7M and $731.6M). Adamas Trust, Inc. trades at the lower P/E: 4.8× against 7.8×. Adamas Trust, Inc. grew revenue faster over the last twelve months: 36.3% against −14.7%. Apollo Commercial Real Estate Finance has the higher net margin (50.3% vs 22.8%) and the higher return on invested capital (339.7% vs 1.22%). Both pay a dividend; Adamas Trust, Inc. yields more (17.2% vs 12.7%). Across the 23 metrics below, Adamas Trust, Inc. leads on 13 and Apollo Commercial Real Estate Finance on 10.

Valuation

Metric ADAM ARI Reit Mortgage median
P/E 4.76 7.80 7.80
P/S 1.08 3.44 1.90
P/B 0.79 0.65 0.61
Price to free cash flow 1.45 38.20 5.90
EV/EBITDA 41.30 10.08 28.40
EV/Sales 17.06 3.37 16.02
Earnings yield 21.01% 12.82% 7.68%
Free cash flow yield 68.93% 2.62% 11.60%

Profitability

Metric ADAM ARI Reit Mortgage median
Gross margin 27.01% 87.84% 100.00%
Operating margin 35.40% 35.13% 35.40%
Net margin 22.81% 50.33% 11.85%
Free cash flow margin 74.49% 9.00% 26.68%
Return on equity 17.44% 7.72% 4.81%
Return on assets 1.32% 2.00% 0.62%
Return on invested capital 1.22% 339.65% 1.22%

Growth

Metric ADAM ARI Reit Mortgage median
Revenue growth (TTM) 36.30% (14.66%) 4.70%
EPS growth (last fiscal year) 196.49% 183.51% —
Revenue growth, 5-year CAGR 11.44% (0.51%) 14.60%
Net income growth, 5-year CAGR 0.00% 88.28% 0.00%

Health

Metric ADAM ARI Reit Mortgage median
Debt to equity 7.51 0.00 3.30
Current ratio 18.54 2.45 1.00
Net debt to EBITDA 55.86 9.96 18.31

Dividend

Metric ADAM ARI Reit Mortgage median
Dividend yield 17.16% 12.68% 13.05%
Payout ratio 8.00 1.69 1.24

Size

Metric ADAM ARI Reit Mortgage median
Market cap 731.62m 804.69m 517.48m

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