Angel Oak Mortgage REIT Inc. (AOMR) vs Claros Mortgage Trust, Inc. (CMTG)

Angel Oak Mortgage REIT Inc. and Claros Mortgage Trust, Inc. are both Reit Mortgage companies. Angel Oak Mortgage REIT Inc. and Claros Mortgage Trust, Inc. are of similar size ($183.4M and $173.2M). Claros Mortgage Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; Angel Oak Mortgage REIT Inc. trades at 9.6×. Angel Oak Mortgage REIT Inc. grew revenue faster over the last twelve months: 24.0% against −30.9%. Angel Oak Mortgage REIT Inc. has the higher net margin (11.9% vs −354.1%) and the higher return on invested capital (0.54% vs −0.77%). Both pay a dividend; Claros Mortgage Trust, Inc. yields more (12.6% vs 12.3%). Across the 21 metrics below, Angel Oak Mortgage REIT Inc. leads on 15 and Claros Mortgage Trust, Inc. on 6.

Valuation

Metric AOMR CMTG Reit Mortgage median
P/E 9.56 n/m 7.80
P/S 1.15 1.22 1.90
P/B 0.77 0.15 0.61
Price to free cash flow n/m 2.79 5.90
EV/EBITDA 88.42 881.80 28.40
EV/Sales 13.86 15.26 16.02
Earnings yield 10.46% (292.37%) 7.68%
Free cash flow yield (249.64%) 35.80% 11.60%

Profitability

Metric AOMR CMTG Reit Mortgage median
Gross margin 27.84% 80.32% 100.00%
Operating margin 12.19% (27.39%) 35.40%
Net margin 11.85% (354.13%) 11.85%
Free cash flow margin (286.14%) 43.62% 26.68%
Return on equity 7.77% (35.96%) 4.81%
Return on assets 0.67% (11.15%) 0.62%
Return on invested capital 0.54% (0.77%) 1.22%

Growth

Metric AOMR CMTG Reit Mortgage median
Revenue growth (TTM) 23.97% (30.92%) 4.70%
EPS growth (last fiscal year) 53.85% (118.13%) —
Revenue growth, 5-year CAGR 28.61% (7.25%) 14.60%
Net income growth, 5-year CAGR 127.59% 0.00% 0.00%

Health

Metric AOMR CMTG Reit Mortgage median
Debt to equity 8.76 1.81 3.30
Current ratio 7.16 0.00 1.00
Net debt to EBITDA 39.70 67.18 18.31

Dividend

Metric AOMR CMTG Reit Mortgage median
Dividend yield 12.34% 12.64% 13.05%
Payout ratio 0.48 3.61 1.24

Size

Metric AOMR CMTG Reit Mortgage median
Market cap 173.18m 183.41m 517.48m

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