Granite Point Mortgage Trust Inc. Financial Ratios — GPMT

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	7.73	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	3.19	2.67	2.15	1.8	-0.93	1.67	-1.1	-2.01	-8.35	-2.13
Return on Capital (%)	- -	- -	- -	- -	- -	- -	3.85	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	5.74	93.88	129.38	-33.52	0.25	- -	- -	- -	4.4	16.34	18.21
Operating Margin (%)	5.74	93.88	129.38	-33.55	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	112.95	200.58	- -	202.06	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	2.37	71.55	72.01	68.85	65.73	-37.98	78.31	-52.14	-79.43	-519.48	-92.98
Profit Margin (%)	1.57	71.58	72.01	68.85	65.73	-38.54	78.09	-52.17	-79.55	-519.46	-93.32
Net Income to Common Margin (%)	1.57	71.58	71.95	68.74	65.64	-38.64	77.18	-70.7	-97.74	-555.59	-125.97
Effective Tax Rate (%)	33.65	- -	- -	- -	- -	- -	0.28	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	294.7	139.18	108.88	123.1	-84.06	97.64	-92.85	-55.24	-10.84	-18.67
Sustainable Growth Rate (%)	- -	-15.05	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	335	1,187	121	997	1,469	1,528	2,261	1,415	1,076	875	733
ST Debt	167	594	- -	75	42	- -	- -	100	84	87	72
LT Debt	167	594	121	922	1,427	1,528	2,261	1,315	992	788	661
Total Debt/EBITDA	663.74	25.6	1.27	-32.48	5,523.12	- -	- -	- -	308.05	134.36	91.26
Net Debt/EBITDA	220.58	11.59	0.14	-29.49	5,221.32	- -	- -	- -	254.1	120.88	83.05
Total Debt/EBIT	663.74	25.6	1.27	-32.46	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	220.58	11.59	0.14	-29.47	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	1.06	4.2	2.26	-0.34	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	1.06	4.2	2.26	-0.34	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	1.06	4.2	2.26	-0.34	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	11	42	92	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	67.37	28.62	-0.04	-0.25	-0.66	-2.95	-2.81	-6.34	-11.92	-27.27	-36.61
Long-Term Debt/Equity (%)	34.35	138.7	14.64	111.46	140.03	163.62	223.18	133.64	115.44	127.31	119.58
Long-Term Debt/Capital (%)	20.36	36.75	100.07	93.19	99.05	108.87	105.21	109.92	134.62	264.11	731.43
Long-Term Debt/Total Assets (%)	23.14	39.69	4.85	27.44	31.99	36.21	56.69	38.06	34.83	37.27	37.66
Total Debt/Equity (%)	68.7	277.4	14.64	120.53	144.16	163.62	223.18	143.81	125.22	141.32	132.57
Total Debt/Capital (%)	40.72	73.5	100.07	100.76	101.97	108.87	105.21	118.28	146.02	293.18	810.84
Total Debt/Total Assets (%)	46.29	79.38	4.85	29.67	32.93	36.21	56.69	40.95	37.78	41.37	41.75
Net Debt to Equity	22.83	125.61	1.64	109.45	136.28	135.62	204.24	130.27	103.3	127.14	120.64
Net Debt/Capital (%)	14.53	34.48	100.62	100.84	102.09	110.9	105.73	120.57	161.83	373.67	2,730.58
EBITDA	1	46	96	-31	- -	- -	- -	- -	3	7	8
EBITDA-CapEx	1	46	96	-31	- -	- -	- -	- -	3	7	8
Operating Income (Loss)	1	46	96	-31	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.24	0.06	0.07	4.22	- -	- -	- -	- -	- -	- -	- -
Current Ratio	0.26	0.06	0.07	5.4	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	0.25	0.07	0.08	4.63	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	0.05	0.02	0.07	5	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	67.37	28.62	-0.04	-0.25	-0.66	-2.95	-2.81	-6.34	-11.92	-27.27	-36.61
Long-Term Debt/Equity (%)	34.35	138.7	14.64	111.46	140.03	163.62	223.18	133.64	115.44	127.31	119.58
Long-Term Debt/Capital (%)	20.36	36.75	100.07	93.19	99.05	108.87	105.21	109.92	134.62	264.11	731.43
Long-Term Debt/Total Assets (%)	23.14	39.69	4.85	27.44	31.99	36.21	56.69	38.06	34.83	37.27	37.66
Total Debt/Equity (%)	68.7	277.4	14.64	120.53	144.16	163.62	223.18	143.81	125.22	141.32	132.57
Total Debt/Capital (%)	40.72	73.5	100.07	100.76	101.97	108.87	105.21	118.28	146.02	293.18	810.84
Total Debt/Total Assets (%)	46.29	79.38	4.85	29.67	32.93	36.21	56.69	40.95	37.78	41.37	41.75
CFO/Total Liabilities	1.37	3.33	1.83	2.46	1.8	0.62	2.03	2.38	2.62	0.59	0.22
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	-0.28	-0.63	-0.31	0.22	0.18	0.08	0.11	- -	-0.05	-0.31	-0.43

Working Capital (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	12.96	13.64	10.55	9.89	8.85	7.58	6.49	6.16	3.79	5.42
Days Sales Outstanding	- -	28.16	26.75	34.61	36.89	41.24	48.17	56.27	59.25	96.37	67.3
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	767	783	976	551	639	284	307	141	115
- Cash & Cash Equivalents	56	56	108	92	80	261	192	133	188	88	66
+ Preferred Equity and Hybrid Capital	- -	- -	1	1	1	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	335	1,187	121	997	1,469	1,528	2,261	1,415	1,076	875	733
Enterprise Value	278	1,119	769	1,677	2,353	1,818	2,709	1,566	1,194	928	782
Total Capital	821	1,615	121	990	1,441	1,403	2,149	1,196	737	298	90
Total Debt/Capital (%)	40.72	73.5	100.07	100.76	101.97	108.87	105.21	118.28	146.02	293.18	810.84
Total Debt / EV	1.2	1.06	0.16	0.59	0.62	0.84	0.83	0.9	0.9	0.94	0.94
EV/Sales	31.7	22.64	10.39	18.31	22.03	17.32	30.94	20.01	15.03	23.29	17.73
EV/EBITDA	552.45	24.12	8.03	- -	8,845.06	- -	- -	- -	342.01	142.51	97.38
EV/EBIT	552.45	24.12	8.03	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	78.58	24.04	10.54	10.9	38.03	89.73	44.92	26.58	22.92	106.01	293.21
EV/Free Cash Flow to Firm	78.58	24.04	10.54	10.9	38.03	89.73	44.92	26.58	22.92	106.01	293.21
Diluted Market Cap	- -	- -	767	938	976	551	643	284	307	141	115
Diluted Enterprise Value	278	1,131	782	1,844	2,366	1,818	2,713	1,566	1,194	928	782
EV per Share	6.44	25.87	17.78	38.61	44.32	32.95	49.62	29.54	23.13	18.41	16.34
TTM Sales	9	49	74	92	107	105	88	78	79	40	44
TTM EBITDA	1	46	96	-31	- -	- -	- -	- -	3	7	8
TTM Operating Income	1	46	96	-31	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	4	47	73	154	62	20	60	59	52	9	3
TTM Free Cash Flow to Firm	4	47	73	154	62	20	60	59	52	9	3

Multiples (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	25.15	15.03	15.77	27.2	10.67	4.82	5.89	16.07	43.08
EV/EBIT	552.45	24.12	8.03	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	278	1,119	769	1,677	2,353	1,818	2,709	1,566	1,194	928	782
Low Price	- -	- -	17.02	16.15	17.8	1.74	9.03	5.16	3.97	2.46	1.61
EV/Sales	31.7	22.64	10.39	18.31	22.03	17.32	30.94	20.01	15.03	23.29	17.73
EV/EBITDA	552.45	24.12	8.03	- -	8,845.06	- -	- -	- -	342.01	142.51	97.38
Price/Earnings	- -	- -	14.4	12.44	13.92	- -	9.46	- -	- -	- -	- -
Price/Earnings Average	- -	- -	15.13	12.47	14.2	-12.13	10.35	-9.01	-3.49	-0.84	-2.27
Price/Earnings High	- -	- -	15.67	13.34	14.91	-25.44	12.86	-11.81	-4.7	-1.4	-2.75
Price/Earnings Low	- -	- -	13.82	11.14	13.48	-2.37	7.3	-4.94	-2.64	-0.56	-1.39
Price/Book Value	- -	- -	-708.2	-91.46	-33.21	-4.43	-5.7	-1.3	-0.9	-0.24	-0.18
Price/Book Value Average	- -	- -	-743.92	-91.71	-33.88	-3.95	-6.23	-2.28	-0.8	-0.32	-0.2
Price/Book Value High	- -	- -	-770.48	-98.05	-35.58	-8.29	-7.74	-2.99	-1.08	-0.54	-0.24
Price/Book Value Low	- -	- -	-679.46	-81.92	-32.16	-0.77	-4.39	-1.25	-0.6	-0.22	-0.12
Price/Tangible Book Value	- -	- -	0.93	0.95	0.96	0.59	0.63	0.29	0.36	0.23	0.21
Price/Tangible Book Value Average	- -	- -	0.97	0.95	0.98	0.53	0.69	0.51	0.32	0.3	0.23
Price/Tangible Book Value High	- -	- -	1.01	1.02	1.03	1.1	0.86	0.66	0.43	0.5	0.28
Price/Tangible Book Value Low	- -	- -	0.89	0.85	0.93	0.1	0.49	0.28	0.24	0.2	0.14
Price/Sales	- -	- -	10.36	8.55	9.13	5.25	7.3	3.63	3.86	3.53	2.61
Price/Sales Average	- -	- -	10.88	8.57	9.32	4.69	7.99	6.37	3.41	4.68	2.86
Price/Sales High	- -	- -	11.27	9.17	9.79	9.83	9.93	8.35	4.6	7.75	3.46
Price/Sales Low	- -	- -	9.94	7.66	8.85	0.91	5.63	3.5	2.58	3.11	1.75
Price/Cash Flow	- -	- -	25.15	12.56	15.77	27.2	10.6	4.82	5.89	16.07	43.08
Price/Cash Flow Average	- -	- -	26.42	12.6	16.09	24.28	11.6	8.46	5.2	21.31	47.29
Price/Cash Flow High	- -	- -	27.36	13.47	16.9	50.92	14.41	11.1	7.01	35.3	57.26
Price/Cash Flow Low	- -	- -	24.13	11.25	15.28	4.74	8.18	4.64	3.94	14.17	28.9
Price/Free Cash Flow Average	- -	- -	26.42	15.08	16.09	24.28	11.67	8.46	5.2	21.31	47.29
Price/Free Cash Flow High	- -	- -	27.36	16.12	16.9	50.92	14.5	11.1	7.01	35.3	57.26
Price/Free Cash Flow Low	- -	- -	24.13	13.47	15.28	4.74	8.23	4.64	3.94	14.17	28.9
EV/Sales Average	31.7	22.9	11.08	18.47	22.33	16.76	31.63	22.74	14.58	24.44	17.99
EV/Sales High	31.7	22.9	11.47	19.07	22.8	21.9	33.57	24.73	15.77	27.51	18.59
EV/Sales Low	31.7	22.9	10.14	17.56	21.86	12.99	29.27	19.87	13.75	22.87	16.87
EV/EBITDA Average	552.45	24.39	8.56	-55.1	8,967	- -	- -	- -	331.7	149.57	98.78
EV/EBITDA High	552.45	24.39	8.87	-56.87	9,154.74	- -	- -	- -	358.72	168.37	102.09
EV/EBITDA Low	552.45	24.39	7.84	-52.37	8,777.54	- -	- -	- -	312.87	139.96	92.67
EV/EBIT Average	552.45	24.39	8.56	-55.07	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	552.45	24.39	8.87	-56.83	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	552.45	24.39	7.84	-52.34	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	17.74	18.03	18.38	9.99	11.71	5.36	5.94	2.79	2.4
High Price	- -	- -	19.3	19.33	19.69	18.7	15.92	12.33	7.07	6.13	3.19
Enterprise Value Average	278	1,131	820	1,692	2,385	1,758	2,769	1,780	1,158	974	793
Enterprise Value High	278	1,131	849	1,747	2,435	2,298	2,939	1,935	1,253	1,097	820
Enterprise Value Low	278	1,131	750	1,608	2,335	1,362	2,562	1,555	1,093	912	744

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	43	43	43	44	55	55	54	52	51	49	48
Diluted Weighted Avg Shares	43	43	43	52	53	55	55	53	52	50	48
Basic Weighted Avg Shares	43	43	43	43	53	55	55	53	52	50	48
Revenue per Share	0.2	1.14	1.71	2.11	2.01	1.9	1.6	1.48	1.54	0.79	0.92
EBITDA per Share	0.01	1.07	2.21	-0.71	0.01	- -	- -	- -	0.07	0.13	0.17
Operating Income per Share	0.01	1.07	2.21	-0.71	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	0.82	1.23	1.45	1.32	-0.73	1.24	-1.04	-1.5	-4.39	-1.16
Basic EPS from Cont Ops	- -	0.82	1.23	1.45	1.32	-0.73	1.25	-0.77	-1.22	-4.11	-0.86
Diluted EPS, GAAP	- -	0.82	1.23	1.21	1.32	-0.73	1.23	-1.04	-1.5	-4.39	-1.16
Diluted EPS from Cont Ops	- -	0.82	1.23	1.21	1.32	-0.73	1.24	-0.77	-1.22	-4.11	-0.86
Dividend per Share	- -	2.41	1.72	1.58	1.63	0.62	1.22	1.24	1.11	0.76	0.52
Cash Flow per Share	0.07	0.82	0.71	1.44	1.17	0.37	1.1	1.11	1.01	0.17	0.06
Free Cash Flow per Basic Share	0.07	0.82	0.71	1.44	1.17	0.37	1.1	1.11	1.01	0.17	0.06
Cash & Equivalents per Share	1.3	1.59	2.79	2.4	1.75	4.74	3.52	2.51	3.65	1.74	1.38
Book Value per Share	11.26	9.9	-0.03	-0.2	-0.55	-2.26	-2.06	-4.13	-6.57	-11.44	-13.43
Tangible Book Value per Share	11.26	9.9	19.14	19.02	19.18	16.93	18.56	18.55	16.63	12.28	11.55

Granite Point Mortgage Trust Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)