Impac Mortgage Holdings Inc
Impac Mortgage Holdings, Inc. engages in originating and brokering mortgage loans secured by residential real estate in the United States. The company offers a suite of mortgage lending products to consumers through its broker fulfillment model. It also provides various real estate services to servicers, portfolio managers, and investors to assists in loss mitigation performance in managing distr… Read more
Impac Mortgage Holdings Inc (IMPM) - Net Assets
Latest net assets as of December 2022: $-11.60 Million USD
Based on the latest financial reports, Impac Mortgage Holdings Inc (IMPM) has net assets worth $-11.60 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($60.33 Million) and total liabilities ($71.93 Million). 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 | $-11.60 Million |
| % of Total Assets | -19.23% |
| Annual Growth Rate | N/A |
| 5-Year Change | -181.87% |
| 10-Year Change | N/A |
| Growth Volatility | 75.5 |
Impac Mortgage Holdings Inc - Net Assets Trend (2016–2024)
This chart illustrates how Impac Mortgage Holdings 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 Impac Mortgage Holdings Inc (2016–2024)
The table below shows the annual net assets of Impac Mortgage Holdings Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-12.81 Million | -284.11% |
| 2023-12-31 | $-3.34 Million | +71.25% |
| 2022-12-31 | $-11.60 Million | -216.78% |
| 2021-12-31 | $9.94 Million | -36.52% |
| 2020-12-31 | $15.65 Million | -84.99% |
| 2019-12-31 | $104.24 Million | -5.39% |
| 2018-12-31 | $110.17 Million | -58.45% |
| 2017-12-31 | $265.15 Million | +14.76% |
| 2016-12-31 | $231.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Impac Mortgage Holdings 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 38678400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $366.00K | % |
| Other Comprehensive Income | $72.03 Million | % |
| Other Components | $1.24 Billion | % |
| Total Equity | $-12.81 Million | 100.00% |
Impac Mortgage Holdings Inc Competitors by Market Cap
The table below lists competitors of Impac Mortgage Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
1847 Holdings LLC
NYSE MKT:EFSH
|
$1.16 Million |
|
Adris Grupa d.d.
ZSE:ADRS
|
$1.16 Million |
|
GREEN MINERALS NK -003
F:5IP
|
$1.16 Million |
|
Sparinvest SICAV Glob Ethical HY DKK R H
CO:SSIGEHYDKKRH
|
$1.16 Million |
|
PT Soraya Berjaya Indonesia Tb
JK:SPRE
|
$1.16 Million |
|
NEUROCRINE BIOSCNCE
BE:NB3
|
$1.16 Million |
|
The Pegasus Companies Incorporated
PINK:PEGX
|
$1.16 Million |
|
NATL BK CANADA
MU:NBC
|
$1.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Impac Mortgage Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -3,336,000 to -12,814,000, a change of -9,478,000.
- Net loss of 17,521,000 reduced equity.
- Other comprehensive income increased equity by 8,017,000.
- Other factors increased equity by 26,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-17.52 Million | -136.73% |
| Other Comprehensive Income | $8.02 Million | +62.56% |
| Other Changes | $26.00K | +0.2% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Impac Mortgage Holdings 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $11.03 | $0.04 | x |
| 2017-12-31 | $12.66 | $0.04 | x |
| 2018-12-31 | $5.22 | $0.04 | x |
| 2019-12-31 | $4.92 | $0.04 | x |
| 2020-12-31 | $0.74 | $0.04 | x |
| 2021-12-31 | $0.47 | $0.04 | x |
| 2022-12-31 | $-0.49 | $0.04 | x |
| 2023-12-31 | $-0.09 | $0.04 | x |
| 2024-12-31 | $-0.35 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Impac Mortgage Holdings 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1024.62%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-81.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 20.20% | 15.67% | 0.06x | 21.05x | $23.57 Million |
| 2017 | -11.89% | -22.73% | 0.03x | 17.66x | $-58.04 Million |
| 2018 | -131.98% | -138.49% | 0.03x | 33.11x | $-156.43 Million |
| 2019 | -7.65% | -8.80% | 0.03x | 34.02x | $-18.40 Million |
| 2020 | -563.22% | 0.00% | 0.00x | 151.38x | $-89.72 Million |
| 2021 | -39.03% | -5.85% | 0.03x | 203.58x | $-4.87 Million |
| 2022 | 0.00% | -458.78% | 0.14x | 0.00x | $-38.27 Million |
| 2023 | 0.00% | -1100.33% | 0.05x | 0.00x | $-16.44 Million |
| 2024 | 0.00% | -1024.62% | 0.07x | 0.00x | $-16.24 Million |
Industry Comparison
This section compares Impac Mortgage Holdings Inc's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $854,818,960
- Average return on equity (ROE) among peers: -13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Impac Mortgage Holdings Inc (IMPM) | $-11.60 Million | 20.20% | N/A | $1.16 Million |
| Atrium Mortgage Investment Corporation (AMIVF) | $482.21 Million | 10.68% | 0.82x | $339.62 Million |
| AVVAA World Health Care Products Inc (AVVH) | $-41.07K | 0.00% | 0.00x | $16.78 |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $351.94 Million |
| Eastside Distilling, Inc. (BLNE) | $1.58 Million | -256.44% | 0.29x | $50.97 Million |
| Dominion Lending Centres Inc (BRLGF) | $157.84 Million | -4.27% | 1.04x | $184.06 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $38.54 Million |
| Mr. Cooper Group Inc (COOP) | $882.60 Million | 10.81% | 9.17x | $13.29 Billion |
| Dominion Resources Black Warrior Trust (DOMR) | $11.00 Million | 38.58% | 0.01x | $0.99 |
| DVL Inc (DVLN) | $7.57 Million | 6.67% | 5.00x | $18.05 Million |
| ECN Capital Corp. (ECNNF) | $879.03 Million | -1.68% | 0.96x | $1.32 Billion |