Ellington Residential Financials

EARN Stock  USD 7.20  0.07  0.98%   
Based on the analysis of Ellington Residential's profitability, liquidity, and operating efficiency, Ellington Residential Mortgage may be sliding down financialy. It has an above-average odds of going through some form of financial crisis next quarter. At this time, Ellington Residential's Cash And Short Term Investments are very stable compared to the past year. As of the 21st of May 2024, Net Receivables is likely to grow to about 60.5 M, though Other Current Liabilities is likely to grow to (693.1 M). Key indicators impacting Ellington Residential's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio7.465.3549
Significantly Up
Slightly volatile
Current Ratio0.05610.059
Notably Down
Very volatile
The financial analysis of Ellington Residential is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Ellington Residential includes many different criteria found on its balance sheet. For example, investors should never minimize Ellington Residential's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Ellington Residential's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Ellington Residential.

Net Income

2.63 Million

With this module, you can analyze Ellington financials for your investing period. You should be able to track the changes in Ellington Residential individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Ellington Residential Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ellington Residential's financial statements are interrelated, with each one affecting the others. For example, an increase in Ellington Residential's assets may result in an increase in income on the income statement.
The data published in Ellington Residential's official financial statements usually reflect Ellington Residential's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Ellington Residential. For example, before you start analyzing numbers published by Ellington accountants, it's critical to develop an understanding of what Ellington Residential's liquidity, profitability, and earnings quality are in the context of the Mortgage Real Estate Investment Trusts (REITs) space in which it operates.
Please note, the presentation of Ellington Residential's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ellington Residential's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ellington Residential's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ellington Residential Mortgage. Please utilize our Beneish M Score to check the likelihood of Ellington Residential's management manipulating its earnings.

Ellington Residential Stock Summary

Ellington Residential competes with Omega Healthcare, and Medical Properties. Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut. Ellington Residential is traded on New York Stock Exchange in the United States.
Specialization
Financial Services, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS2885781078
CUSIP288578107
LocationConnecticut; U.S.A
Business Address53 Forest Avenue,
SectorMortgage Real Estate Investment Trusts (REITs)
IndustryFinancials
BenchmarkNYSE Composite
Websitewww.earnreit.com
Phone203 698 1200
CurrencyUSD - US Dollar
You should never invest in Ellington Residential without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Ellington Stock, because this is throwing your money away. Analyzing the key information contained in Ellington Residential's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Ellington Residential Key Financial Ratios

Generally speaking, Ellington Residential's financial ratios allow both analysts and investors to convert raw data from Ellington Residential's financial statements into concise, actionable information that can be used to evaluate the performance of Ellington Residential over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Ellington Residential reports annually and quarterly.

Ellington Residential Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.2B1.6B1.1B945.7M1.5B
Other Current Liab(3.8M)(1.5M)(2.8M)(50.4M)(729.5M)(693.1M)
Net Debt1.3B957.1M995.8M807.6M691.0M408.0M
Retained Earnings(69.6M)(63.3M)(84.8M)(128.7M)(138.6M)(131.7M)
Cash35.4M58.2M69.0M34.8M38.5M45.6M
Other Assets6.9M3.1M124.6M69.7M54.4M57.1M
Net Receivables45.1M51.9M93.2M55.6M58.9M60.5M
Total Liab3.8M1.5M2.8M941.2M809.5M691.8M
Total Current Assets80.5M110.1M162.2M90.4M43.1M40.9M
Common Stock125K124K123K131K186K122.8K
Net Tangible Assets160.8M166.4M154.2M112.4M101.2M124.6M
Accounts Payable3.8M1.5M2.8M50.4M57.3M60.2M
Long Term Debt2.0M6.6M1.1M3.1M3.6M4.3M
Long Term Debt Total2.0M6.6M1.1M3.1M3.6M4.8M
Capital Surpluse230.4M229.6M238.9M240.9M277.1M238.8M
Other Current Assets(80.5M)(110.1M)(162.2M)(90.4M)(97.4M)(102.3M)
Short Term Debt1.3B1.0B1.1B842.5M729.5M942.4M
Capital Stock124K123K131K134K186K150.9K

Ellington Residential Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Ellington Residential's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense35.3M10.0M2.7M14.8M45.3M47.5M
Total Revenue27.5M25.9M(557K)20.2M13.0M14.3M
Gross Profit26.2M24.6M(1.9M)18.8M11.2M12.8M
Operating Income22.3M20.1M(6.3M)(15.4M)49.8M52.3M
Ebit22.3M20.1M(6.3M)(15.4M)44.2M46.4M
Ebitda22.3M34.4M(6.3M)(13.1M)49.8M52.3M
Cost Of Revenue1.3M1.3M1.3M1.4M1.8M1.4M
Income Before Tax22.3M20.1M(6.3M)(30.2M)4.6M2.6M
Net Income22.3M20.1M(6.3M)(30.2M)4.6M2.6M
Income Tax Expense(2.4M)(59K)(6.3M)79.5M(5.6M)(5.3M)
Interest Income43.8M27.3M28.4M35.0M40.6M30.4M
Net Interest Income8.6M17.4M25.6M20.2M(634K)(602.3K)

Ellington Residential Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Ellington Residential. It measures of how well Ellington is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Ellington Residential brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Ellington had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Ellington Residential has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash16.8M22.8M10.9M(34.2M)3.7M6.2M
Free Cash Flow17.5M24.4M27.9M22.4M(10.0M)(9.5M)
Other Non Cash Items(4.1M)5.7M33.7M45.3M(11.9M)(11.3M)
Net Income22.3M20.1M(6.3M)(30.2M)4.6M4.8M
End Period Cash Flow35.4M58.2M69.0M34.8M38.5M36.8M
Investments214.3M317.6M99.9M(53.1M)120.8M126.9M
Change Receivables591K902K(390K)1.2M1.4M1.4M
Net Borrowings(185.3M)(281.0M)49.6M(222.4M)(200.1M)(190.1M)
Depreciation14.9M14.3M7.5M2.3M2.6M2.5M
Dividends Paid15.5M13.8M17.3M13.9M(14.1M)(13.4M)
Change To Netincome(57.7M)5.9M23.9M94.6M108.7M114.2M

Ellington Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ellington Residential's current stock value. Our valuation model uses many indicators to compare Ellington Residential value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ellington Residential competition to find correlations between indicators driving Ellington Residential's intrinsic value. More Info.
Ellington Residential Mortgage is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies reporting about  0.13  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ellington Residential Mortgage is roughly  7.98 . At this time, Ellington Residential's Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Ellington Residential by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ellington Residential's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ellington Residential's earnings, one of the primary drivers of an investment's value.

Ellington Residential Systematic Risk

Ellington Residential's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ellington Residential volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Ellington Residential correlated with the market. If Beta is less than 0 Ellington Residential generally moves in the opposite direction as compared to the market. If Ellington Residential Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ellington Residential is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ellington Residential is generally in the same direction as the market. If Beta > 1 Ellington Residential moves generally in the same direction as, but more than the movement of the benchmark.

About Ellington Residential Financials

What exactly are Ellington Residential Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Ellington Residential's income statement, its balance sheet, and the statement of cash flows. Potential Ellington Residential investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Ellington Residential investors may use each financial statement separately, they are all related. The changes in Ellington Residential's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ellington Residential's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Ellington Residential Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Ellington Residential is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Ellington has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Ellington Residential's financials are consistent with your investment objective using the following steps:
  • Review Ellington Residential's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Ellington Residential's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Ellington Residential's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Ellington Residential's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.
Today, most investors in Ellington Residential Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ellington Residential's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ellington Residential growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.18)

At this time, Ellington Residential's Price Earnings To Growth Ratio is very stable compared to the past year.

Ellington Residential May 21, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ellington Residential help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ellington Residential Mortgage. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ellington Residential Mortgage based on widely used predictive technical indicators. In general, we focus on analyzing Ellington Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ellington Residential's daily price indicators and compare them against related drivers.
When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Ellington Residential's price analysis, check to measure Ellington Residential's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ellington Residential is operating at the current time. Most of Ellington Residential's value examination focuses on studying past and present price action to predict the probability of Ellington Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ellington Residential's price. Additionally, you may evaluate how the addition of Ellington Residential to your portfolios can decrease your overall portfolio volatility.
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Is Ellington Residential's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Residential. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.15)
Dividend Share
0.96
Earnings Share
0.31
Revenue Per Share
(0)
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.