Chimera Investment Corporation (CIM) vs Orchid Island Capital, Inc. (ORC)

Chimera Investment Corporation and Orchid Island Capital, Inc. are both Reit Mortgage companies. Orchid Island Capital, Inc. is the larger, with a market value of $963.0M against $663.0M — 1.5× the size. Chimera Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Orchid Island Capital, Inc. trades at 99.6×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 74.8% against 12.4%. Orchid Island Capital, Inc. has the higher net margin (−1.01% vs −28.7%) and the higher return on invested capital (25.0% vs 0.00%). Both pay a dividend; Orchid Island Capital, Inc. yields more (26.1% vs 21.7%). Across the 20 metrics below, Orchid Island Capital, Inc. leads on 16 and Chimera Investment Corporation on 4.

Valuation

Metric CIM ORC Reit Mortgage median
P/E n/m 99.60 14.55
P/S 0.74 1.60 1.72
P/B 0.31 0.84 0.52
Price to free cash flow n/m 4.06 4.35
EV/EBITDA 144.36 2.51 28.27
EV/Sales 15.42 1.61 15.73
Earnings yield (38.69%) 1.00% 0.23%
Free cash flow yield (97.83%) 24.64% 13.86%

Profitability

Metric CIM ORC Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 0.00% 64.27% 31.94%
Net margin (28.72%) (1.01%) (1.81%)
Free cash flow margin (72.76%) 39.39% 27.05%
Return on equity (10.81%) (0.56%) (0.49%)
Return on assets (1.61%) (0.06%) (0.06%)
Return on invested capital 0.00% 25.00% 0.79%

Growth

Metric CIM ORC Reit Mortgage median
Revenue growth (TTM) 12.42% 74.76% 1.39%
EPS growth (last fiscal year) 56.36% 117.54% 45.25%
Revenue growth, 5-year CAGR (4.43%) 28.97% 14.60%
Net income growth, 5-year CAGR 57.09% 136.97% 0.00%

Health

Metric CIM ORC Reit Mortgage median
Debt to equity 0.00 0.37 2.91
Current ratio 0.07 0.00 0.82
Net debt to EBITDA 41.37 (1.28) 18.31

Dividend

Metric CIM ORC Reit Mortgage median
Dividend yield 21.74% 26.10% 17.37%
Payout ratio — 26.00 1.87

Size

Metric CIM ORC Reit Mortgage median
Market cap 663.00m 963.03m 409.49m

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