Orchid Island Capital, Inc. (ORC) vs TPG RE Finance Trust, Inc. (TRTX)

Orchid Island Capital, Inc. and TPG RE Finance Trust, Inc. are both Reit Mortgage companies. Orchid Island Capital, Inc. is the larger, with a market value of $963.0M against $532.3M — 1.8× the size. TPG RE Finance Trust, Inc. trades at the lower P/E: 16.3× against 99.6×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 74.8% against −2.42%. TPG RE Finance Trust, Inc. has the higher net margin (21.5% vs −1.01%) and the lower return on invested capital (0.85% vs 25.0%). Both pay a dividend; Orchid Island Capital, Inc. yields more (26.1% vs 13.6%). Across the 22 metrics below, Orchid Island Capital, Inc. leads on 14 and TPG RE Finance Trust, Inc. on 8.

Valuation

Metric ORC TRTX Reit Mortgage median
P/E 99.60 16.27 14.55
P/S 1.60 3.78 1.72
P/B 0.84 0.52 0.52
Price to free cash flow 4.06 7.21 4.35
EV/EBITDA 2.51 57.30 28.27
EV/Sales 1.61 32.31 15.73
Earnings yield 1.00% 6.15% 0.23%
Free cash flow yield 24.64% 13.86% 13.86%

Profitability

Metric ORC TRTX Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 64.27% 48.45% 31.94%
Net margin (1.01%) 21.46% (1.81%)
Free cash flow margin 39.39% 52.36% 27.05%
Return on equity (0.56%) 2.90% (0.49%)
Return on assets (0.06%) 0.66% (0.06%)
Return on invested capital 25.00% 0.85% 0.79%

Growth

Metric ORC TRTX Reit Mortgage median
Revenue growth (TTM) 74.76% (2.42%) 1.39%
EPS growth (last fiscal year) 117.54% (24.00%) 45.25%
Revenue growth, 5-year CAGR 28.97% (3.76%) 14.60%
Net income growth, 5-year CAGR 136.97% 0.00% 0.00%

Health

Metric ORC TRTX Reit Mortgage median
Debt to equity 0.37 4.05 2.91
Current ratio 0.00 246.28 0.82
Net debt to EBITDA (1.28) 38.25 18.31

Dividend

Metric ORC TRTX Reit Mortgage median
Dividend yield 26.10% 13.64% 17.37%
Payout ratio 26.00 2.22 1.87

Size

Metric ORC TRTX Reit Mortgage median
Market cap 963.03m 532.30m 409.49m

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