TWO HARBORS INVESTMENT CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.53 USD | +1.38% |
|
+3.30% | -10.05% |
| Mar. 22 | JonesTrading Starts Two Harbors Investment With Hold Rating | MT |
| Mar. 20 | Two Harbors Investment Keeps Quarterly Dividend at $0.45 a Share, Payable April 29 to Shareholders of Record April 4 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,990 | 1,743 | 1,984 | 1,362 | 1,340 | 1,297 | - | - |
| Enterprise Value (EV) 1 | 33,555 | 1,743 | 9,729 | 11,081 | 1,340 | 9,618 | 1,297 | 1,297 |
| P/E ratio | 15.7 x | -1.02 x | 13.4 x | 7.4 x | -8.71 x | 9.31 x | 12.2 x | 5.45 x |
| Yield | 11.4% | 7.85% | 11.8% | 16.7% | 14% | 14.4% | 14.4% | 14.4% |
| Capitalization / Revenue | 14.2 x | 7.15 x | 25 x | 36.7 x | -8.23 x | -17.7 x | -50.5 x | - |
| EV / Revenue | 120 x | 7.15 x | 122 x | 298 x | -8.23 x | -131 x | -50.5 x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 1.01 x | 0.83 x | 0.98 x | 0.89 x | 0.92 x | 0.85 x | 0.89 x | 0.86 x |
| Nbr of stocks (in thousands) | 68,225 | 68,425 | 85,976 | 86,375 | 96,188 | 103,474 | - | - |
| Reference price 2 | 58.48 | 25.48 | 23.08 | 15.77 | 13.93 | 12.53 | 12.53 | 12.53 |
| Announcement Date | 2/5/20 | 2/9/21 | 2/9/22 | 2/8/23 | 1/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 280.4 | 243.8 | 79.42 | 37.14 | -162.9 | -73.24 | -25.65 | - |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | 286.6 | 301.1 | 324.5 | - | - | - | - |
| Operating Margin | - | 117.55% | 379.1% | 873.47% | - | - | - | - |
| Earnings before Tax (EBT) 1 | 310.4 | -1,666 | 191.4 | 324.5 | -83.39 | 270.2 | - | - |
| Net income 1 | 248.2 | -1,706 | 128.8 | 186.8 | -152 | 136.9 | 106.1 | 237.7 |
| Net margin | 88.51% | -699.72% | 162.13% | 502.84% | 93.33% | -186.86% | -413.66% | - |
| EPS 2 | 3.720 | -24.96 | 1.720 | 2.130 | -1.600 | 1.346 | 1.025 | 2.299 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 6.680 | 2.000 | 2.720 | 2.640 | 1.950 | 1.800 | 1.800 | 1.800 |
| Announcement Date | 2/5/20 | 2/9/21 | 2/9/22 | 2/8/23 | 1/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14.16 | 12.85 | 22.53 | 19.9 | 11.04 | -16.32 | -25.9 | -41.8 | -49.49 | -45.68 | -16.68 | -22.18 | -18.91 | -15.51 | -4.6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 66.65 | 0.81 | 334.1 | -46.51 | 298.6 | -261.7 | -180.7 | 217.2 | 342.6 | -462.5 | 101.8 | 58.61 | 53.96 | 55.86 | - |
| Net income 1 | 52.58 | -15.04 | 271.5 | -86.17 | 263.9 | -262.4 | -189.2 | 187.8 | 294.1 | -444.7 | 58.24 | 31.85 | 28.8 | 32.36 | 22.52 |
| Net margin | 371.35% | -117.08% | 1,205.22% | -432.96% | 2,390.51% | 1,607.69% | 730.48% | -449.25% | -594.26% | 973.52% | -349.26% | -143.61% | -152.3% | -208.64% | -489.6% |
| EPS 2 | 0.6800 | -0.1600 | 2.880 | -1.000 | 2.780 | -3.040 | -2.050 | 1.800 | 2.810 | -4.560 | 0.5701 | 0.3477 | 0.3605 | 0.3176 | 0.2185 |
| Dividend per Share 2 | 0.6800 | 0.6800 | 0.6800 | 0.6800 | 0.6800 | 0.6000 | 0.6000 | 0.4500 | 0.4500 | 0.4500 | 0.4500 | 0.4500 | 0.4500 | 0.4500 | 0.4500 |
| Announcement Date | 11/8/21 | 2/9/22 | 5/4/22 | 8/3/22 | 11/8/22 | 2/8/23 | 5/1/23 | 7/31/23 | 10/30/23 | 1/29/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 29,566 | - | 7,745 | 9,719 | - | 8,322 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 7.83% | 5.23% | 8.38% | 8.7% | -0.31% | 11.6% | 12.1% | - |
| ROA (Net income/ Total Assets) | 1.09% | 0.76% | 1.54% | 1.68% | -0.05% | -0.46% | - | - |
| Assets 1 | 22,680 | -224,465 | 8,338 | 11,144 | 301,000 | -29,687 | - | - |
| Book Value Per Share 2 | 58.20 | 30.50 | 23.50 | 17.70 | 15.20 | 14.70 | 14.10 | 14.60 |
| Cash Flow per Share | - | - | 5.680 | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/5/20 | 2/9/21 | 2/9/22 | 2/8/23 | 1/29/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
12.53
USD
Average target price
14.08
USD
Spread / Average Target
+12.40%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.05% | 1.3B | |
| -2.53% | 9.45B | |
| -4.89% | 6.72B | |
| -7.23% | 6.12B | |
| +4.96% | 5.42B | |
| -15.80% | 3.15B | |
| -15.55% | 2.43B | |
| -8.01% | 1.53B | |
| -13.66% | 1.53B | |
| -4.43% | 1.41B |
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- Financials Two Harbors Investment Corp.
