Angel Oak Mortgage REIT Inc. (AOMR) vs Ready Capital Corp (RC)

Angel Oak Mortgage REIT Inc. and Ready Capital Corp are both Reit Mortgage companies. Ready Capital Corp is the larger, with a market value of $176.8M against $144.4M — 1.2× the size. Angel Oak Mortgage REIT Inc. grew revenue faster over the last twelve months: 19.9% against −43.0%. Angel Oak Mortgage REIT Inc. has the higher net margin (−5.74% vs −134.1%) and the lower return on invested capital (−3.56% vs 6.29%). Both pay a dividend; Angel Oak Mortgage REIT Inc. yields more (20.7% vs 3.67%). Across the 21 metrics below, Angel Oak Mortgage REIT Inc. leads on 11 and Ready Capital Corp on 10.

Valuation

Metric AOMR RC Reit Mortgage median
P/E n/m n/m 14.55
P/S 0.88 0.43 1.72
P/B 0.68 0.15 0.52
Price to free cash flow n/m 0.14 4.35
EV/EBITDA 87.01 6.39 28.27
EV/Sales 13.16 7.31 15.73
Earnings yield (6.80%) (318.35%) 0.23%
Free cash flow yield (238.91%) 693.71% 13.86%

Profitability

Metric AOMR RC Reit Mortgage median
Gross margin 26.89% 100.00% 100.00%
Operating margin (5.60%) 101.42% 31.94%
Net margin (5.74%) (134.14%) (1.81%)
Free cash flow margin (209.10%) 297.03% 27.05%
Return on equity (3.96%) (37.06%) (0.49%)
Return on assets (0.34%) (7.25%) (0.06%)
Return on invested capital (3.56%) 6.29% 0.79%

Growth

Metric AOMR RC Reit Mortgage median
Revenue growth (TTM) 19.85% (43.02%) 1.39%
EPS growth (last fiscal year) 53.85% 45.25% 45.25%
Revenue growth, 5-year CAGR 28.61% 17.09% 14.60%
Net income growth, 5-year CAGR 127.59% 0.00% 0.00%

Health

Metric AOMR RC Reit Mortgage median
Debt to equity 0.00 2.29 2.91
Current ratio 7.16 1.91 0.82
Net debt to EBITDA 39.70 6.30 18.31

Dividend

Metric AOMR RC Reit Mortgage median
Dividend yield 20.71% 3.67% 17.37%
Payout ratio 1.71 — 1.87

Size

Metric AOMR RC Reit Mortgage median
Market cap 144.36m 176.76m 409.49m

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