Adamas Trust, Inc. (ADAM) vs Orchid Island Capital, Inc. (ORC)

Adamas Trust, Inc. and Orchid Island Capital, Inc. are both Reit Mortgage companies. Orchid Island Capital, Inc. is the larger, with a market value of $1.0B against $700.2M — 1.5× the size. Orchid Island Capital, Inc. trades at the lower P/E: 3.4× against 4.5×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 79.8% against 36.3%. Orchid Island Capital, Inc. has the higher net margin (43.5% vs 22.8%) and the higher return on invested capital (34.8% vs 1.22%). Both pay a dividend; Orchid Island Capital, Inc. yields more (26.6% vs 13.5%). Across the 23 metrics below, Orchid Island Capital, Inc. leads on 17 and Adamas Trust, Inc. on 6.

Valuation

Metric ADAM ORC Reit Mortgage median
P/E 4.47 3.36 7.10
P/S 1.01 1.77 1.77
P/B 0.74 0.69 0.55
Price to free cash flow 1.36 4.84 5.36
EV/EBITDA 41.14 1.39 28.29
EV/Sales 16.99 1.54 15.90
Earnings yield 22.38% 29.78% 8.10%
Free cash flow yield 73.44% 20.67% 13.00%

Profitability

Metric ADAM ORC Reit Mortgage median
Gross margin 27.01% 100.00% 100.00%
Operating margin 35.40% 111.07% 35.40%
Net margin 22.81% 43.49% 11.85%
Free cash flow margin 74.49% 36.69% 26.68%
Return on equity 17.44% 20.80% 4.81%
Return on assets 1.32% 2.36% 0.62%
Return on invested capital 1.22% 34.76% 1.22%

Growth

Metric ADAM ORC Reit Mortgage median
Revenue growth (TTM) 36.30% 79.75% 4.70%
EPS growth (last fiscal year) 196.49% 117.54% 45.25%
Revenue growth, 5-year CAGR 11.44% 28.97% 14.60%
Net income growth, 5-year CAGR 0.00% 136.97% 0.00%

Health

Metric ADAM ORC Reit Mortgage median
Debt to equity 7.51 0.34 3.30
Current ratio 18.54 0.00 1.00
Net debt to EBITDA 55.86 (1.28) 18.31

Dividend

Metric ADAM ORC Reit Mortgage median
Dividend yield 13.48% 26.56% 17.34%
Payout ratio 0.61 0.89 1.28

Size

Metric ADAM ORC Reit Mortgage median
Market cap 700.17m 1.02b 479.53m

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