Angel Oak Mortgage REIT Inc. (AOMR) vs NexPoint Real Estate Finance, Inc. (NREF)

Angel Oak Mortgage REIT Inc. and NexPoint Real Estate Finance, Inc. are both Reit Mortgage companies. NexPoint Real Estate Finance, Inc. is the larger, with a market value of $297.0M against $173.2M — 1.7× the size. NexPoint Real Estate Finance, Inc. trades at the lower P/E: 6.7× against 9.6×. Angel Oak Mortgage REIT Inc. grew revenue faster over the last twelve months: 24.0% against −5.70%. NexPoint Real Estate Finance, Inc. has the higher net margin (65.6% vs 11.9%) and the higher return on invested capital (1.31% vs 0.54%). Both pay a dividend; NexPoint Real Estate Finance, Inc. yields more (19.5% vs 12.3%). Across the 22 metrics below, NexPoint Real Estate Finance, Inc. leads on 17 and Angel Oak Mortgage REIT Inc. on 5.

Valuation

Metric AOMR NREF Reit Mortgage median
P/E 9.56 6.65 7.80
P/S 1.15 3.13 1.90
P/B 0.77 0.78 0.61
Price to free cash flow n/m 63.54 5.90
EV/EBITDA 88.42 30.94 28.40
EV/Sales 13.86 8.81 16.02
Earnings yield 10.46% 15.03% 7.68%
Free cash flow yield (249.64%) 1.57% 11.60%

Profitability

Metric AOMR NREF Reit Mortgage median
Gross margin 27.84% 100.00% 100.00%
Operating margin 12.19% 20.29% 35.40%
Net margin 11.85% 65.64% 11.85%
Free cash flow margin (286.14%) 4.92% 26.68%
Return on equity 7.77% 17.13% 4.81%
Return on assets 0.67% 1.16% 0.62%
Return on invested capital 0.54% 1.31% 1.22%

Growth

Metric AOMR NREF Reit Mortgage median
Revenue growth (TTM) 23.97% (5.70%) 4.70%
EPS growth (last fiscal year) 53.85% 114.86% —
Revenue growth, 5-year CAGR 28.61% 18.20% 14.60%
Net income growth, 5-year CAGR 127.59% 46.80% 0.00%

Health

Metric AOMR NREF Reit Mortgage median
Debt to equity 8.76 1.79 3.30
Current ratio 7.16 163.94 1.00
Net debt to EBITDA 39.70 28.84 18.31

Dividend

Metric AOMR NREF Reit Mortgage median
Dividend yield 12.34% 19.50% 13.05%
Payout ratio 0.48 1.24 1.24

Size

Metric AOMR NREF Reit Mortgage median
Market cap 173.18m 297.04m 517.48m

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