Invesco Mortgage Capital Inc. Financial Ratios — IVR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	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 (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	2.73	2.01	0.81	-1.03	0.59	1.57	2.03	-0.39	1.81	-10.81	-1.05	-5.95	-0.31	1.09	1.67
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	2.61	-5.88	96.42	-5.69	1.41	33.72	5.06	-234.64	0.74	0.57
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	91.45	91.34	76.65	126.77	73.19	86.73	86.97	270.05	89.23	101.58	141.94	106.82	-378.32	75.27	84.51
Profit Margin (%)	89.89	90.24	75.85	125.32	72.33	85.63	85.88	271.02	89.23	101.58	141.94	106.82	-378.32	75.27	84.51
Net Income to Common Margin (%)	89.89	88.8	70.65	135.45	57.66	77.93	78.96	441.1	78.34	104.28	208.94	114.3	-930.63	43.16	73.56
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	91.71	88.16	213.71	-104.11	233.96	76.28	56.04	-165.59	70.95	-5.42	-68.38	-26	-202.6	232.78	106.37
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	2,044	4,580	2,045	2,047	1,793	1,650	1,650	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	2,044	4,580	2,045	2,047	1,793	1,650	1,650	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	263.83	-75.07	-65.52	-71.1	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	242.98	-71.37	-60.13	-63.67	6.36	16.7	9.19	7.83	-125.05	-81.45
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-0.09	0.11	-0.72	-2.98	-4.59	-4.57	-3.1	-4.95	-3.64	-30.61	-34.14	-66.84	-66.57	-62.79	-55.25
Long-Term Debt/Equity (%)	- -	- -	85.04	173.55	90.19	90.17	67.49	72.16	56.28	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	99.2	107.46	128.96	124.54	99.36	123.84	117.83	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	10.04	21.57	12.19	13.03	9.61	9.26	7.38	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	85.04	173.55	90.19	90.17	67.49	72.16	56.28	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	99.2	107.46	128.96	124.54	99.36	123.84	117.83	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	10.04	21.57	12.19	13.03	9.61	9.26	7.38	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-10.29	-11.06	76.28	167.33	87.85	83.04	64.17	66.23	50.39	-10.83	-25.47	-21.83	-9.83	-10.05	-7.03
Net Debt/Capital (%)	106	287.39	99.11	107.76	129.96	127.22	99.33	126.54	120.34	6.65	12.7	5.35	2.33	2.11	1.62
EBITDA	- -	- -	- -	- -	- -	8	-24	-25	-23	-23	-21	-19	-10	1	1
EBITDA-CapEx	- -	- -	- -	- -	- -	8	-24	-25	-23	-23	-21	-19	-10	1	1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-0.09	0.11	-0.72	-2.98	-4.59	-4.57	-3.1	-4.95	-3.64	-30.61	-34.14	-66.84	-66.57	-62.79	-55.25
Long-Term Debt/Equity (%)	- -	- -	85.04	173.55	90.19	90.17	67.49	72.16	56.28	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	99.2	107.46	128.96	124.54	99.36	123.84	117.83	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	- -	- -	10.04	21.57	12.19	13.03	9.61	9.26	7.38	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	- -	- -	85.04	173.55	90.19	90.17	67.49	72.16	56.28	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	- -	- -	99.2	107.46	128.96	124.54	99.36	123.84	117.83	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	- -	- -	10.04	21.57	12.19	13.03	9.61	9.26	7.38	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	2.38	2.62	2.73	2.04	2.47	2.2	1.82	1.96	1.77	2.35	2.16	4.57	5.28	3.69	2.77
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.07	0.1	0.06	0.01	- -	0.02	0.05	-0.01	0.03	-0.57	-0.42	-0.95	-0.88	-0.81	-0.7

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	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	8.18	6.41	3.18	-2.56	2.67	6.08	17.29	- -	- -	- -	- -	- -	- -	- -	- -
Days Sales Outstanding	44.62	56.96	114.86	-142.82	136.82	60.03	21.11	- -	- -	- -	- -	- -	- -	- -	- -
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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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	1,154	2,167	1,845	1,812	1,431	1,554	1,894	1,541	2,093	559	730	414	372	431	562
- Cash & Cash Equivalents	197	286	211	164	53	162	88	136	173	148	357	176	77	73	56
+ Preferred Equity and Hybrid Capital	- -	135	135	285	285	285	563	563	563	563	428	299	288	174	166
+ Minority/Non Controlling Interest	25	31	27	29	26	29	26	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	2,044	4,580	2,045	2,047	1,793	1,650	1,650	- -	- -	- -	- -	- -	- -
Enterprise Value	-13,232	2,047	3,840	6,541	3,733	3,753	4,189	3,619	4,133	974	801	537	584	531	671
Total Capital	11	187	2,060	4,262	1,585	1,644	1,805	1,332	1,400	-2,079	-2,455	-3,108	-3,229	-3,397	-3,412
Total Debt/Capital (%)	- -	- -	99.2	107.46	128.96	124.54	99.36	123.84	117.83	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	0.53	0.7	0.55	0.55	0.43	0.46	0.4	- -	- -	- -	- -	- -	- -
EV/Sales	- -	5.46	18.42	- -	23.96	12.63	10.32	- -	10.13	- -	- -	- -	139.27	6.68	5.6
EV/EBITDA	- -	- -	- -	- -	- -	483.67	- -	- -	- -	- -	- -	- -	- -	905.29	976
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	4.79	7.83	17.23	10.41	12.69	14.42	11.89	12.04	5.71	5.26	2.74	2.46	2.9	4.27
EV/Free Cash Flow to Firm	- -	4.79	7.83	17.23	10.41	12.69	14.42	11.89	12.04	5.71	5.26	2.74	2.46	2.9	4.27
Diluted Market Cap	1,174	2,194	1,845	1,812	1,448	1,624	1,977	1,541	2,093	559	730	414	372	431	562
Diluted Enterprise Value	1,002	2,075	3,840	6,541	3,751	3,823	4,272	3,619	4,133	974	801	537	584	531	671
EV per Share	- -	177.16	290.74	530.98	307.57	335.5	375.09	323.5	312.9	56.07	29.02	15.72	13.22	9.94	10.05
TTM Sales	314	375	209	-172	156	297	406	-26	408	-1,648	-63	-377	4	80	120
TTM EBITDA	- -	- -	- -	- -	- -	8	-24	-25	-23	-23	-21	-19	-10	1	1
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	305	427	490	380	359	296	291	304	343	170	152	196	238	183	157
TTM Free Cash Flow to Firm	305	427	490	380	359	296	291	304	343	170	152	196	238	183	157

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	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	3.84	5.13	3.76	4.77	4.04	5.49	6.8	5.06	6.09	3.28	4.79	2.11	1.57	2.35	3.58
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-13,232	2,047	3,840	6,541	3,733	3,753	4,189	3,619	4,133	974	801	537	584	531	671
Low Price	119.4	132.24	137	139.28	113.36	92.67	134.62	130.06	135.57	17.32	25.02	9.13	6.03	7.23	5.86
EV/Sales	- -	5.46	18.42	- -	23.96	12.63	10.32	- -	10.13	- -	- -	- -	139.27	6.68	5.6
EV/EBITDA	- -	- -	- -	- -	- -	483.67	- -	- -	- -	- -	- -	- -	- -	905.29	976
Price/Earnings	4.09	6.5	12.52	- -	15.92	6.71	5.91	- -	6.55	- -	- -	- -	- -	12.54	6.37
Price/Earnings Average	5.67	6.15	15.32	-8.39	18.58	6.31	5.45	-14.78	6.28	-0.58	-6.88	-1.3	-11.51	13.1	5.92
Price/Earnings High	7.02	7.14	18.99	-9.08	20.83	7.48	6.25	-16.55	6.81	-1.76	-9.12	-2.28	-16.76	14.78	6.86
Price/Earnings Low	3.66	4.59	12.29	-7.38	15.31	4.48	4.69	-12.63	5.6	-0.18	-5.21	-0.72	-6.83	11.26	4.44
Price/Book Value	-82.97	108.29	-12.63	-2.87	-1.86	-2.17	-3.28	-1.75	-2.57	-0.21	-0.25	-0.12	-0.11	-0.12	-0.16
Price/Book Value Average	-114.8	102.35	-15.44	-3.09	-2.17	-2.04	-3.02	-1.93	-2.47	-0.38	-0.32	-0.16	-0.13	-0.13	-0.15
Price/Book Value High	-142.14	118.9	-19.14	-3.34	-2.43	-2.42	-3.47	-2.16	-2.68	-1.14	-0.42	-0.29	-0.19	-0.14	-0.17
Price/Book Value Low	-74.11	76.37	-12.39	-2.72	-1.79	-1.45	-2.6	-1.65	-2.2	-0.11	-0.24	-0.09	-0.08	-0.11	-0.11
Price/Tangible Book Value	0.6	0.88	0.81	0.77	0.72	0.78	0.9	0.89	0.88	0.7	0.75	0.82	0.75	0.77	0.89
Price/Tangible Book Value Average	0.83	0.83	0.99	0.83	0.84	0.74	0.84	0.99	0.85	1.24	0.94	1.11	0.91	0.81	0.83
Price/Tangible Book Value High	1.03	0.97	1.23	0.9	0.94	0.87	0.96	1.11	0.92	3.76	1.24	1.94	1.32	0.91	0.96
Price/Tangible Book Value Low	0.54	0.62	0.8	0.73	0.69	0.52	0.72	0.84	0.76	0.37	0.71	0.62	0.54	0.69	0.62
Price/Sales	3.68	5.77	8.85	-10.56	9.18	5.23	4.67	-59	5.13	-0.34	-11.51	-1.1	88.82	5.41	4.69
Price/Sales Average	5.09	5.46	10.82	-11.37	10.71	4.92	4.31	-65.18	4.92	-0.6	-14.38	-1.49	107.15	5.66	4.35
Price/Sales High	6.31	6.34	13.41	-12.29	12.01	5.83	4.94	-73.01	5.34	-1.84	-19.05	-2.6	155.93	6.38	5.05
Price/Sales Low	3.29	4.07	8.68	-10	8.83	3.49	3.7	-55.7	4.39	-0.18	-10.89	-0.83	63.53	4.86	3.27
Price/Cash Flow	3.78	5.07	3.76	4.77	3.99	5.25	6.52	5.06	6.09	3.28	4.79	2.11	1.57	2.35	3.58
Price/Cash Flow Average	5.23	4.79	4.6	5.14	4.65	4.94	6.02	5.6	5.84	5.84	5.99	2.86	1.89	2.46	3.32
Price/Cash Flow High	6.48	5.57	5.7	5.56	5.22	5.86	6.9	6.27	6.34	17.74	7.93	5	2.75	2.77	3.85
Price/Cash Flow Low	3.38	3.58	3.69	4.52	3.84	3.5	5.17	4.78	5.22	1.77	4.53	1.59	1.12	2.11	2.49
Price/Free Cash Flow Average	5.32	4.85	4.6	5.14	4.71	5.17	6.28	5.6	5.84	5.84	5.99	2.86	1.89	2.46	3.32
Price/Free Cash Flow High	6.58	5.64	5.7	5.56	5.28	6.12	7.2	6.27	6.34	17.74	7.93	5	2.75	2.77	3.85
Price/Free Cash Flow Low	3.43	3.62	3.69	4.52	3.88	3.66	5.4	4.78	5.22	1.77	4.53	1.59	1.12	2.11	2.49
EV/Sales Average	4.54	5.14	20.39	- -	25.49	12.32	9.96	- -	9.92	- -	- -	- -	157.61	6.92	5.27
EV/Sales High	5.76	6.02	22.98	- -	26.79	13.23	10.59	- -	10.34	- -	- -	- -	206.39	7.65	5.97
EV/Sales Low	2.74	3.75	18.25	- -	23.6	10.89	9.36	- -	9.39	- -	- -	- -	113.99	6.13	4.18
EV/EBITDA Average	- -	- -	- -	- -	- -	471.8	-169.24	-150.1	-174.41	-60.58	-45.96	-35.86	-67.17	938.4	917.75
EV/EBITDA High	- -	- -	- -	- -	- -	506.72	-179.94	-158.23	-181.79	-147.79	-59.79	-57.83	-87.96	1,036.49	1,039.1
EV/EBITDA Low	- -	- -	- -	- -	- -	417.02	-158.99	-140.27	-165.11	-30.77	-35.61	-22.78	-48.58	830.58	728.42
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	133.67	187.52	139.66	147.08	117.88	138.9	169.63	137.76	158.41	32.16	26.45	12.11	8.43	8.05	8.41
High Price	229	205.88	211.73	171.25	154.22	154.89	179.43	170.49	164.88	174.1	43.76	28.73	14.8	9.49	9.06
Enterprise Value Average	1,425	1,928	4,252	6,680	3,972	3,661	4,043	3,780	4,048	1,410	983	685	661	551	631
Enterprise Value High	1,806	2,259	4,792	6,839	4,174	3,932	4,298	3,985	4,219	3,440	1,279	1,104	865	608	715
Enterprise Value Low	859	1,408	3,805	6,445	3,678	3,236	3,798	3,533	3,832	716	761	435	478	488	501

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	12	12	12	12	11	11	11	11	14	20	33	39	48	62	72
Diluted Weighted Avg Shares	9	12	13	12	12	12	12	11	13	17	28	34	44	53	67
Basic Weighted Avg Shares	9	12	13	12	12	11	11	11	13	17	28	34	44	53	67
Revenue per Share	36.31	32.48	15.79	-13.93	12.84	26.56	36.35	-2.34	30.89	-94.87	-2.3	-11.05	0.09	1.49	1.79
EBITDA per Share	- -	- -	- -	- -	- -	0.69	-2.14	-2.25	-1.76	-1.34	-0.77	-0.56	-0.22	0.01	0.01
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	32.64	28.84	11.15	-18.87	7.4	20.7	28.7	-10.3	24.2	-98.93	-4.8	-12.63	-0.88	0.64	1.32
Basic EPS from Cont Ops	33.21	29.66	12.1	-17.66	9.4	23.04	31.61	-6.31	27.56	-96.38	-3.26	-11.8	-0.36	1.12	1.52
Diluted EPS, GAAP	32.11	28.48	11.15	-18.87	7.31	19.8	27.5	-10.3	24.2	-98.93	-4.8	-12.63	-0.88	0.64	1.32
Diluted EPS from Cont Ops	32.66	29.29	12.1	-17.66	9.28	22.04	30.29	-6.31	27.56	-96.38	-3.26	-11.8	-0.36	1.12	1.52
Dividend per Share	30.97	26.52	25.19	21.47	19.72	18.28	19.04	20.95	20.53	7.91	4.82	4.11	2.31	1.97	1.6
Cash Flow per Share	35.36	36.99	37.13	30.82	29.54	26.44	26.02	27.2	25.99	9.81	5.52	5.74	5.38	3.42	2.35
Free Cash Flow per Basic Share	35.36	36.99	37.13	30.82	29.54	26.44	26.02	27.2	25.99	9.81	5.52	5.74	5.38	3.42	2.35
Cash & Equivalents per Share	1,668.66	24.79	15.94	13.32	4.38	14.46	7.91	12.12	13.06	8.52	12.94	5.14	1.74	1.37	0.84
Book Value per Share	-1.61	1.73	-11.06	-51.27	-63.45	-64.12	-51.77	-78.76	-61.55	-152.09	-104.44	-99.77	-79.65	-66.78	-53.57
Tangible Book Value per Share	222.01	212.37	171.69	191.05	163.27	177.45	187.46	154.06	179.31	46.27	35.3	14.8	11.19	10.4	9.46

Invesco Mortgage Capital Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)