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. Angel Oak Mortgage REIT Inc. and TPG Mortgage Investment Trust Inc. are of similar size ($158.7M and $144.4M). Angel Oak Mortgage REIT Inc. has negative trailing earnings, so its P/E is not meaningful; TPG Mortgage Investment Trust Inc. trades at 6.8×. Angel Oak Mortgage REIT Inc. grew revenue faster over the last twelve months: 19.9% against 18.8%. TPG Mortgage Investment Trust Inc. has the higher net margin (4.47% vs −5.74%) and the higher return on invested capital (4.05% vs −3.56%). Both pay a dividend; Angel Oak Mortgage REIT Inc. yields more (20.7% vs 19.0%). Across the 21 metrics below, TPG Mortgage Investment Trust Inc. leads on 14 and Angel Oak Mortgage REIT Inc. on 7.

Valuation

Metric AOMR MITT Reit Mortgage median
P/E n/m 6.76 14.55
P/S 0.88 0.31 1.72
P/B 0.68 0.49 0.52
Price to free cash flow n/m 1.97 4.35
EV/EBITDA 87.01 15.72 28.27
EV/Sales 13.16 16.03 15.73
Earnings yield (6.80%) 14.80% 0.23%
Free cash flow yield (238.91%) 50.74% 13.86%

Profitability

Metric AOMR MITT Reit Mortgage median
Gross margin 26.89% 100.00% 100.00%
Operating margin (5.60%) 98.41% 31.94%
Net margin (5.74%) 4.47% (1.81%)
Free cash flow margin (209.10%) 15.68% 27.05%
Return on equity (3.96%) 7.17% (0.49%)
Return on assets (0.34%) 0.30% (0.06%)
Return on invested capital (3.56%) 4.05% 0.79%

Growth

Metric AOMR MITT Reit Mortgage median
Revenue growth (TTM) 19.85% 18.75% 1.39%
EPS growth (last fiscal year) 53.85% (26.83%) 45.25%
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 0.00 13.45 2.91
Current ratio 7.16 0.00 0.82
Net debt to EBITDA 39.70 15.82 18.31

Dividend

Metric AOMR MITT Reit Mortgage median
Dividend yield 20.71% 19.00% 17.37%
Payout ratio 1.71 1.28 1.87

Size

Metric AOMR MITT Reit Mortgage median
Market cap 144.36m 158.70m 409.49m

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