Angel Oak Mortgage REIT Inc. (AOMR) vs TPG Mortgage Investment Trust Inc. (MITT)

Angel Oak Mortgage REIT Inc. and TPG Mortgage Investment Trust Inc. are both Reit Mortgage companies. TPG Mortgage Investment Trust Inc. is the larger, with a market value of $193.7M against $173.2M — 1.1× the size. TPG Mortgage Investment Trust Inc. trades at the lower P/E: 8.3× against 9.6×. Angel Oak Mortgage REIT Inc. grew revenue faster over the last twelve months: 24.0% against 18.8%. Angel Oak Mortgage REIT Inc. has the higher net margin (11.9% vs 4.47%) and the lower return on invested capital (0.54% vs 4.05%). Both pay a dividend; Angel Oak Mortgage REIT Inc. yields more (12.3% vs 11.9%). Across the 22 metrics below, TPG Mortgage Investment Trust Inc. leads on 12 and Angel Oak Mortgage REIT Inc. on 10.

Valuation

Metric AOMR MITT Reit Mortgage median
P/E 9.56 8.26 7.80
P/S 1.15 0.38 1.90
P/B 0.77 0.60 0.61
Price to free cash flow n/m 2.41 5.90
EV/EBITDA 88.42 15.79 28.40
EV/Sales 13.86 16.10 16.02
Earnings yield 10.46% 12.11% 7.68%
Free cash flow yield (249.64%) 41.52% 11.60%

Profitability

Metric AOMR MITT Reit Mortgage median
Gross margin 27.84% 100.00% 100.00%
Operating margin 12.19% 98.41% 35.40%
Net margin 11.85% 4.47% 11.85%
Free cash flow margin (286.14%) 15.68% 26.68%
Return on equity 7.77% 7.17% 4.81%
Return on assets 0.67% 0.30% 0.62%
Return on invested capital 0.54% 4.05% 1.22%

Growth

Metric AOMR MITT Reit Mortgage median
Revenue growth (TTM) 23.97% 18.75% 4.70%
EPS growth (last fiscal year) 53.85% (26.83%) —
Revenue growth, 5-year CAGR 28.61% 45.16% 14.60%
Net income growth, 5-year CAGR 127.59% 0.00% 0.00%

Health

Metric AOMR MITT Reit Mortgage median
Debt to equity 8.76 13.45 3.30
Current ratio 7.16 0.00 1.00
Net debt to EBITDA 39.70 15.82 18.31

Dividend

Metric AOMR MITT Reit Mortgage median
Dividend yield 12.34% 11.92% 13.05%
Payout ratio 0.48 1.74 1.24

Size

Metric AOMR MITT Reit Mortgage median
Market cap 173.18m 193.68m 517.48m

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