MFA Financial, Inc. (MFA) vs Orchid Island Capital, Inc. (ORC)

MFA Financial, Inc. and Orchid Island Capital, Inc. are both Reit Mortgage companies. Orchid Island Capital, Inc. is the larger, with a market value of $1.0B against $677.3M — 1.5× the size. Orchid Island Capital, Inc. trades at the lower P/E: 3.4× against 6.5×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 79.8% against 4.90%. Orchid Island Capital, Inc. has the higher net margin (43.5% vs 13.8%) and the higher return on invested capital (34.8% vs 2.88%). Both pay a dividend; Orchid Island Capital, Inc. yields more (28.6% vs 21.9%). Across the 21 metrics below, Orchid Island Capital, Inc. leads on 16 and MFA Financial, Inc. on 5.

Valuation

Metric MFA ORC Reit Mortgage median
P/E 6.46 3.36 7.10
P/S 0.89 1.77 1.77
P/B 0.38 0.69 0.55
Price to free cash flow 1.90 4.84 5.36
EV/EBITDA 19.61 1.39 28.29
EV/Sales 15.72 1.54 15.90
Earnings yield 15.48% 29.78% 8.10%
Free cash flow yield 52.56% 20.67% 13.00%

Profitability

Metric MFA ORC Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 79.06% 111.07% 35.40%
Net margin 13.82% 43.49% 11.85%
Free cash flow margin 46.95% 36.69% 26.68%
Return on equity 5.88% 20.80% 4.81%
Return on assets 0.83% 2.36% 0.62%
Return on invested capital 2.88% 34.76% 1.22%

Growth

Metric MFA ORC Reit Mortgage median
Revenue growth (TTM) 4.90% 79.75% 4.70%
EPS growth (last fiscal year) 58.54% 117.54% 45.25%
Revenue growth, 5-year CAGR 11.47% 28.97% 14.60%
Net income growth, 5-year CAGR 0.00% 136.97% 0.00%

Health

Metric MFA ORC Reit Mortgage median
Debt to equity 6.56 0.34 3.30
Current ratio 0.00 0.00 1.00
Net debt to EBITDA 17.85 (1.28) 18.31

Dividend

Metric MFA ORC Reit Mortgage median
Dividend yield 21.85% 28.57% 17.34%
Payout ratio 1.44 0.96 1.28

Size

Metric MFA ORC Reit Mortgage median
Market cap 677.29m 1.02b 479.53m

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