Buy or Sell ? Support and Resistance
What is MACD and how to read it?
How RSI can help?
AJX Stock Summary
Top 10 Correlated ETFs
AJX
In the News
Losers Of REIT Earnings Season
After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors. Surging interest expense - not property-level fundamentals - was again the culprit behind much of this pain, underscoring the continued challenges facing more highly leveraged private real estate portfolios.
Great Ajax Corp. (AJX) Q3 2023 Earnings Call Transcript
Great Ajax Corp. (NYSE:AJX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn - Chief Executive Officer Russell Schaub - President Mary Doyle - CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen. Welcome to the Great Ajax Corporation Q3, 2023 Financial Results Conference call.
Great Ajax Corp. (AJX) Q2 2023 Earnings Call Transcript
Great Ajax Corp. (NYSE:AJX ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn – Chief Executive Officer Conference Call Participants Operator Good afternoon. My name is Rob, and I will be your conference operator today.
Great Ajax (AJX) Reports Q2 Loss, Misses Revenue Estimates
Great Ajax (AJX) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.25 per share a year ago.
Stick The Soft Landing
U.S. equity markets advanced to their highest levels of the year on an "inflation week" rally after the closely-watched CPI and PPI reports showed a continued sharp cooldown in price pressures. Closing at the highest levels since April 2022, the S&P 500 advanced 2.4% this week, while the other major equity benchmarks - the Mid-Cap 400 and Small-Cap 600 - gained 3%. Real estate equities- the sector with perhaps the most potential upside from a "soft landing" scenario- were among the leaders for a third straight week. The Equity REIT Index gained 2.9%.
Why Great Ajax Stock Was Surging This Week
The company is being bought out by a peer. The all-stock deal shakes out to a premium of 19% for Great Ajax shareholders.
Great Ajax stock rallies after Ellington Financial agrees to buy it at a premium in REIT merger
Great Ajax Corp. AJX, +2.00% stock is rallying 9% in premarket trades Monday after it agreed to be acquired by Ellington Financial Inc. EFC, +0.44% for about $173 million in stock. Ellington Financial said each share of Great Ajax common stock will be converted into 0.5308 shares of Ellington Financial common stock, or approximately 12.5 million shares of Ellington Financial common stock valued at about $172.5 million.
Great Ajax: An Otherwise Unimpressive High-Yielding mREIT Poised For Recovery
Great Ajax Corp. specializes in purchasing of poor-quality mortgage loans and making them perform - a strategy that may perform well during an economic recovery. AJX's earnings are most likely to recover due to favorable economic environment, strong mortgage pipeline, and an anticipated dip in funding cost. I'm expecting AJX to report earnings growth in another 12 to 18 months and continue to offer a double-digit yield along with a steady quarterly pay-out.
Inflation Cools, But Nobody Believes It
U.S. equity markets finished lower for a second-straight week as data showing an encouraging cooldown of inflationary pressures was offset by ongoing regional bank instability and an unresolved debt ceiling standoff. Declining for a second week after ending April at its highest levels of the year, the S&P 500 slipped 0.3% on the week, but the tech-heavy Nasdaq 100 gained nearly 1%.
Fed Hikes, Turmoil Ensues
U.S. equity markets finished lower on a turbulent week after the Federal Reserve continued its historically-aggressive monetary tightening course, sparking renewed turmoil in the regional banking sector. After closing at its highest levels since early February last week, the S&P 500 slipped 0.8% this week, using a late-week rebound to pare its steepest four-day declines since the SVB collapse.
AJX Financial details
AJX Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.65 | 1.59 | 1.05 | 1.57 | 2.58 | |
Net income per share | 1.23 | 1 | 1.38 | -0.66 | -1.94 | |
Operating cash flow per share | -0.55 | -0.61 | -0.51 | 0.05 | -1.91 | |
Free cash flow per share | -0.55 | -0.61 | -0.51 | 0.05 | -1.91 | |
Cash per share | 2.28 | 4.73 | 2.79 | 45.58 | 7.59 | |
Book value per share | 12.77 | 21.44 | 16.43 | 14.74 | 12.72 | |
Tangible book value per share | 28.58 | 42.32 | 35.73 | 14.84 | 12.8 | |
Share holders equity per share | 12.77 | 21.44 | 16.43 | 14.74 | 12.72 | |
Interest debt per share | 44.19 | 51.47 | 41.68 | 36.36 | 43.5 | |
Market cap | 403.16M | 236.83M | 398.25M | 164.92M | 128.72M | |
Enterprise value | 1.11B | 825.14M | 992.24M | 794.58M | 1.07B | |
P/E ratio | 11.62 | 10.47 | 9.52 | -11.04 | -2.73 | |
Price to sales ratio | 8.69 | 6.57 | 12.5 | 4.63 | 2.05 | |
POCF ratio | -26.13 | -17.05 | -25.99 | 145.3 | -2.77 | |
PFCF ratio | -26.13 | -17.05 | -25.99 | 145.3 | -2.77 | |
P/B Ratio | 1.12 | 0.49 | 0.8 | 0.49 | 0.42 | |
PTB ratio | 1.12 | 0.49 | 0.8 | 0.49 | 0.42 | |
EV to sales | 23.93 | 22.88 | 31.14 | 22.3 | 17.12 | |
Enterprise value over EBITDA | 31.43 | 29.05 | 23.57 | 44.67 | -21.89 | |
EV to operating cash flow | -71.97 | -59.41 | -64.75 | 700.07 | -23.1 | |
EV to free cash flow | -71.97 | -59.41 | -64.75 | 700.07 | -23.1 | |
Earnings yield | 0.09 | 0.1 | 0.11 | -0.09 | -0.37 | |
Free cash flow yield | -0.04 | -0.06 | -0.04 | 0.01 | -0.36 | |
Debt to equity | 3.29 | 2.3 | 2.46 | 2.34 | 3.23 | |
Debt to assets | 0.75 | 0.68 | 0.7 | 0.53 | 0.75 | |
Net debt to EBITDA | 20.02 | 20.72 | 14.11 | 35.4 | -19.27 | |
Current ratio | 0.19 | 0.28 | 0.18 | 9.78 | 0.49 | |
Interest coverage | 0.59 | 0.58 | 1.15 | 0.4 | 0.56 | |
Income quality | -0.42 | -0.41 | -0.37 | -0.08 | 0.99 | |
Dividend Yield | 0.07 | 0.07 | 0.07 | 0.18 | 0.16 | |
Payout ratio | 0.76 | 0.77 | 0.69 | -2.01 | -0.44 | |
Sales general and administrative to revenue | 0.05 | 0.06 | 0.09 | 0.09 | 0.06 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0.08 | 0.02 | 0.04 | 0.05 | 0.02 | |
Graham number | 18.82 | 21.95 | 22.61 | 14.76 | 23.55 | |
ROIC | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | |
Return on tangible assets | 0.02 | 0.01 | 0.02 | -0.01 | -0.04 | |
Graham Net | -24.65 | -25.46 | -17.3 | -4.59 | -34.4 | |
Working capital | -339.87M | -320.88M | -475.47M | 930.88M | -191.35M | |
Tangible asset value | 805.31M | 958.27M | 1.08B | 337.47M | 310.9M | |
Net current asset value | -690.18M | -572.56M | -573.08M | -110.03M | -841M | |
Invested capital | 3.29 | 2.3 | 2.46 | 2.34 | 3.23 | |
Average receivables | 15.8M | 16.38M | 18.33M | 14.17M | 7.38M | |
Average payables | 0 | 0 | 0 | 0 | 0 | |
Average inventory | 0.5 | 1 | 54.82M | 54.82M | 0.5 | |
Days sales outstanding | 133.8 | 159.45 | 239.38 | 76.31 | 42.55 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 2.4K | 0 | 0 | |
Receivables turnover | 2.73 | 2.29 | 1.52 | 4.78 | 8.58 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 21M | 211K | 0.15 | 16.34M | 0 | |
ROE | 0.1 | 0.05 | 0.08 | -0.04 | -0.15 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.76 | 0.02 | -0.09 | 0.15 | 0.37 | |
Net income per share | -0.28 | -0.32 | -0.49 | -0.25 | -0.84 | |
Operating cash flow per share | -0.13 | -0.73 | -0.29 | -0.42 | -0.48 | |
Free cash flow per share | -0.13 | -0.73 | -0.29 | -0.42 | -0.48 | |
Cash per share | 46.18 | 8.55 | 7.85 | 8.12 | 6.85 | |
Book value per share | 14.94 | 14.42 | 13.54 | 13.34 | 11.47 | |
Tangible book value per share | 15.03 | 58.3 | 56.01 | 52.96 | 11.54 | |
Share holders equity per share | 14.94 | 14.42 | 13.54 | 13.34 | 11.47 | |
Interest debt per share | 35.54 | 47.9 | 46.3 | 42.16 | 37.57 | |
Market cap | 162.78M | 150.82M | 142.53M | 154.57M | 142.74M | |
Enterprise value | 792.44M | 765.79M | 750.54M | 725.46M | 1.09B | |
P/E ratio | -6.48 | -5.12 | -3.1 | -6.35 | -1.58 | |
Price to sales ratio | 4.12 | 279.3 | -70.63 | 42.95 | 14.5 | |
POCF ratio | -56.13 | -8.97 | -20.86 | -15.43 | -11.14 | |
PFCF ratio | -56.13 | -8.97 | -20.86 | -15.43 | -11.14 | |
P/B Ratio | 0.49 | 0.46 | 0.45 | 0.48 | 0.46 | |
PTB ratio | 0.49 | 0.46 | 0.45 | 0.48 | 0.46 | |
EV to sales | 20.08 | 1.42K | -371.92 | 201.57 | 110.47 | |
Enterprise value over EBITDA | 157.42 | -33.63 | -295.02 | 1K | 744.16 | |
EV to operating cash flow | -273.26 | -45.57 | -109.87 | -72.42 | -84.87 | |
EV to free cash flow | -273.26 | -45.57 | -109.87 | -72.42 | -84.87 | |
Earnings yield | -0.04 | -0.05 | -0.08 | -0.04 | -0.16 | |
Free cash flow yield | -0.02 | -0.11 | -0.05 | -0.06 | -0.09 | |
Debt to equity | 2.34 | 3.28 | 3.37 | 3.21 | 3.23 | |
Debt to assets | 0.53 | 0.75 | 0.76 | 0.75 | 0.75 | |
Net debt to EBITDA | 125.08 | -27 | -239 | 790.7 | 646.46 | |
Current ratio | 9.78 | 0.36 | 0.33 | 0.37 | 0.49 | |
Interest coverage | 0.34 | -1.49 | -0.17 | -0.05 | 0.25 | |
Income quality | 0.46 | 2.28 | 0.6 | 1.82 | 0.57 | |
Dividend Yield | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | |
Payout ratio | -1.08 | -0.87 | -0.46 | -0.88 | -0.16 | |
Sales general and administrative to revenue | 0.02 | 1.73 | -0.46 | 0.17 | 0.08 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0.01 | 1.11 | -0.14 | 0.1 | 0.02 | |
Graham number | 9.7 | 10.21 | 12.27 | 8.73 | 14.73 | |
ROIC | 0 | -0.02 | 0 | 0 | 0 | |
Return on tangible assets | 0 | -0.01 | -0.01 | 0 | -0.02 | |
Graham Net | -4.65 | 5.56 | 4.72 | 4.11 | -31.02 | |
Working capital | 930.88M | -353.1M | -364.51M | -329.07M | -191.35M | |
Tangible asset value | 337.47M | 1.34B | 1.3B | 1.27B | 310.9M | |
Net current asset value | -110.03M | 92.43M | 78.9M | 91.43M | -841M | |
Invested capital | 2.34 | 3.28 | 3.37 | 3.21 | 3.23 | |
Average receivables | 8.13M | 8.54M | 8.57M | 8.59M | 8.49M | |
Average payables | 0 | 0 | 0 | 0 | 0 | |
Average inventory | 1 | 27.72M | 52.9M | 25.18M | 0.5 | |
Days sales outstanding | 16.99 | 1.6K | -335.11 | 241.89 | 66.82 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 2.68K | 2.48K | 0 | 0 | |
Receivables turnover | 5.3 | 0.06 | -0.27 | 0.37 | 1.35 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 35.64M | 0.03 | 0.04 | 2.27M | 0 | |
ROE | -0.02 | -0.02 | -0.04 | -0.02 | -0.07 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
AJX Frequently Asked Questions
What is Great Ajax Corp. stock symbol ?
Great Ajax Corp. is a US stock , located in Tigard of Or and trading under the symbol AJX
Is Great Ajax Corp. buy or a sell ?
3 stock analysts have 3 predictions with a medium analyst target price of $11. The lowest prediction is $6 and the highest is $16
What is AJX stock prediction ?
With a median analyst target price of $6, 1 stock analysts have made 1 forecasts in last 90 days. $6 is the lowest and $6 is the greatest projection.
What is Great Ajax Corp. stock quote today ?
Great Ajax Corp. stock price is $3.755 today.
Is Great Ajax Corp. stock public?
Yes, Great Ajax Corp. is a publicly traded company.