Chimera Investment Corporation (CIM) vs Ellington Financial Inc. (EFC)

Chimera Investment Corporation and Ellington Financial Inc. are both Reit Mortgage companies. Ellington Financial Inc. is the larger, with a market value of $1.6B against $882.3M — 1.8× the size. Chimera Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Ellington Financial Inc. trades at 7.5×. Ellington Financial Inc. grew revenue faster over the last twelve months: 31.0% against 11.6%. Ellington Financial Inc. has the higher net margin (33.3% vs −9.71%) and the higher return on invested capital (2.52% vs 0.40%). Both pay a dividend; Chimera Investment Corporation yields more (15.5% vs 15.0%). Across the 21 metrics below, Ellington Financial Inc. leads on 12 and Chimera Investment Corporation on 9.

Valuation

Metric CIM EFC Reit Mortgage median
P/E n/m 7.54 7.80
P/S 1.00 2.66 1.90
P/B 0.36 0.87 0.61
Price to free cash flow n/m n/m 5.90
EV/EBITDA 145.58 24.24 28.40
EV/Sales 15.94 32.17 16.02
Earnings yield (9.86%) 13.27% 7.68%
Free cash flow yield (44.56%) (35.20%) 11.60%

Profitability

Metric CIM EFC Reit Mortgage median
Gross margin 100.00% 95.29% 100.00%
Operating margin 11.33% 132.74% 35.40%
Net margin (9.71%) 33.26% 11.85%
Free cash flow margin (44.37%) (93.67%) 26.68%
Return on equity (3.35%) 12.37% 4.81%
Return on assets (0.55%) 1.02% 0.62%
Return on invested capital 0.40% 2.52% 1.22%

Growth

Metric CIM EFC Reit Mortgage median
Revenue growth (TTM) 11.64% 30.99% 4.70%
EPS growth (last fiscal year) 56.36% (12.50%) —
Revenue growth, 5-year CAGR (4.43%) 23.30% 14.60%
Net income growth, 5-year CAGR 57.09% 47.10% 0.00%

Health

Metric CIM EFC Reit Mortgage median
Debt to equity 5.57 9.37 3.30
Current ratio 0.07 52.06 1.00
Net debt to EBITDA 41.37 25.85 18.31

Dividend

Metric CIM EFC Reit Mortgage median
Dividend yield 15.52% 15.01% 13.05%
Payout ratio 1.86 — 1.24

Size

Metric CIM EFC Reit Mortgage median
Market cap 882.32m 1.61b 517.48m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack