Ellington Financial Inc. (EFC-PE) - Net Assets
Based on the latest financial reports, Ellington Financial Inc. (EFC-PE) has net assets worth $1.63 Billion USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.95 Billion) and total liabilities ($14.33 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.63 Billion |
| % of Total Assets | 10.19% |
| Annual Growth Rate | -4.69% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 61.2 |
Ellington Financial Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Ellington Financial Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ellington Financial Inc. (2020–2023)
The table below shows the annual net assets of Ellington Financial Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.54 Billion | -67.06% |
| 2022-12-31 | $4.66 Billion | +55.67% |
| 2021-12-31 | $2.99 Billion | +68.85% |
| 2020-12-31 | $1.77 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ellington Financial Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 139.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $83.00K | 0.01% |
| Other Comprehensive Income | $1.54 Billion | 101.22% |
| Other Components | $334.74 Million | 22.06% |
| Total Equity | $1.52 Billion | 100.00% |
Ellington Financial Inc. Competitors by Market Cap
The table below lists competitors of Ellington Financial Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CESC Limited
NSE:CESC
|
$2.26 Billion |
|
HORNBACH Baumarkt AG
HM:HBM
|
$2.26 Billion |
|
OneStream, Inc. Class A Common Stock
NASDAQ:OS
|
$2.26 Billion |
|
Xiamen Intretech Inc Class A
SHE:002925
|
$2.26 Billion |
|
VERRA MOBILITY A DL-0001
F:0YK
|
$2.26 Billion |
|
Zhejiang Jiuzhou Pharm Co Ltd
SHG:603456
|
$2.26 Billion |
|
Viet Nam International Commercial Joint Stock Bank
VN:VIB
|
$2.26 Billion |
|
Talos Energy
NYSE:TALO
|
$2.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ellington Financial Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,085,886,000 to 1,517,071,000, a change of -12,568,815,000 (-89.2%).
- Net income of 84,084,000 contributed positively to equity growth.
- Dividend payments of 149,271,000 reduced retained earnings.
- Share repurchases of 12,352,000 reduced equity.
- New share issuances of 219,180,000 increased equity.
- Other comprehensive income increased equity by 314,726,000.
- Other factors decreased equity by 13,025,182,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $84.08 Million | +5.54% |
| Dividends Paid | $149.27 Million | -9.84% |
| Share Repurchases | $12.35 Million | -0.81% |
| Share Issuances | $219.18 Million | +14.45% |
| Other Comprehensive Income | $314.73 Million | +20.75% |
| Other Changes | $-13.03 Billion | -858.57% |
| Total Change | $- | -89.23% |
Book Value vs Market Value Analysis
This analysis compares Ellington Financial Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.33x to 1.16x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $77.37 | $25.56 | x |
| 2021-12-31 | $105.20 | $25.56 | x |
| 2022-12-31 | $232.38 | $25.56 | x |
| 2023-12-31 | $21.97 | $25.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ellington Financial Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.78%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 10.10x
- Recent ROE (5.54%) is above the historical average (1.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.05% | 1.36% | 0.08x | 0.52x | $-339.57 Million |
| 2021 | 1.65% | 39.48% | 0.07x | 0.58x | $-432.15 Million |
| 2022 | -0.18% | -8.24% | 0.07x | 0.33x | $-1.43 Billion |
| 2023 | 5.54% | 32.78% | 0.02x | 10.10x | $-67.62 Million |
Industry Comparison
This section compares Ellington Financial Inc.'s net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,440,377,072
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ellington Financial Inc. (EFC-PE) | $1.63 Billion | 0.05% | 8.81x | $2.26 Billion |
| Arbor Realty Trust (ABR) | $565.09 Million | 9.45% | 2.23x | $1.47 Billion |
| Acres Commercial Realty Corp (ACR) | $334.38 Million | -59.13% | 3.95x | $138.06 Million |
| Ares Commercial Real Estate (ACRE) | $165.44 Million | 0.52% | 1.34x | $277.95 Million |
| AFC Gamma Inc (AFCG) | $339.06 Million | 10.60% | 0.53x | $60.23 Million |
| AGNC Investment Corp (AGNC) | $546.82 Million | 21.69% | 7.46x | $11.60 Billion |
| AGNC Investment Corp. 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock (AGNCZ) | $9.43 Billion | -2.47% | 6.19x | $2.50K |
| Great Ajax Corp (AJX) | $805.31 Million | 4.31% | 0.96x | $347.80K |
| Angel Oak Mortgage Inc (AOMR) | $236.48 Million | -79.43% | 11.46x | $210.28 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $1.87 Billion | -6.38% | 3.49x | $1.43 Billion |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |
About Ellington Financial Inc.
Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the prin… Read more