WMC

Western Asset Mortgage Capital Corporation [WMC] Stock Forecast

Q: What is Western Asset Mortgage Capital Corporation stock symbol ?

Western Asset Mortgage Capital Corporation is a US stock, located in Salt lake city of Ut and trading under the symbol WMC

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WMC Stock Summary

Earnings have grown 113.92% per last year.

The Moving Average Convergence Divergence (MACD) for WMC recently turned positive (within last 10 days).

Has a high level of debt. Debt-to-Equity ratio of 25.25 is considered high.

Earnings are expected to fall -134.69% next year

Currently unprofitable, and not expected to turn profitable in the coming year

Profit margins (-0.33%) are lower than the previous year (1.35%)

WMC's dividend payments have fallen since the beginning of the year

WMC's dividend payments are not well covered by cash flows due to its high cash payout ratio (352.42%).

WMC has less than 1 year of cash runway

In the News

11:43 11 Dec 2023 WMC

Western Asset Mortgage Capital Corporation (WMC) Q2 2023 Earnings Call Transcript

Western Asset Mortgage Capital Corporation (NYSE:WMC ) Q2 2023 Earnings Conference Call August 9, 2023 11:00 AM ET Company Participants Jeff Haas - Director, Financial Profiles, Inc. Bonnie Wongtrakool - Chief Executive Officer Sean Johnson - Deputy Chief Investment Officer Greg Handler - Chief Investment Officer Robert Lehman - Chief Financial Officer Operator Welcome to the Western Asset Mortgage Capital Corporation's Second Quarter 2023 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 p.m.

07:24 11 Dec 2023 WMC

Angelo Gordon-backed REIT in $300 mln bid for Western Asset Mortgage

AG Mortgage Investment Trust Inc , a real estate investment trust (REIT) managed by Angelo Gordon & Co, made a stock-and-cash offer on Thursday for Western Asset Mortgage Capital Corp , a peer managed by Franklin Resources Inc , that values it at about $300 million, including debt.

02:25 11 Dec 2023 WMC

Western Asset Mortgage Capital: Little Chance Of Recovery In My Opinion

Western Asset Mortgage Capital Corporation struggles to recover from the pandemic shock and rising interest rates, with management considering a sale or merger. WMC's Q1 2023 results show improved earnings and asset prices, but book value remains significantly down from previous years. The mortgage market faces challenges in 2023, with higher interest rates discouraging refinancing and home sales, but overall performance remains robust due to low unemployment and strong household income.

03:57 11 Dec 2023 WMC

Western Asset Mortgage Capital Corporation (WMC) Q1 2023 Earnings Call Transcript

Western Asset Mortgage Capital Corporation (NYSE:WMC ) Q1 2023 Earnings Conference Call May 5, 2023 12:00 PM ET Company Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Sean Johnson - Deputy Chief Investment Officer Greg Handler - Chief Investment Officer Robert Lehman - Chief Financial Officer Conference Call Participants Matthew Erdner - JonesTrading Operator Welcome to the Western Asset Mortgage Capital Corporation First Quarter 2023 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 PM Eastern Standard Time.

01:43 11 Dec 2023 WMC

Western Asset Mortgage Capital Corporation 2022 Q4 - Results - Earnings Call Presentation

The following slide deck was published by Western Asset Mortgage Capital Corporation in conjunction with their 2022 Q4 earnings call.

01:43 11 Dec 2023 WMC

Western Asset Mortgage Capital Corporation (WMC) Q4 2022 Earnings Call Transcript

Western Asset Mortgage Capital Corporation (NYSE:WMC ) Q4 2022 Earnings Conference Call March 3, 2023 11:00 AM ET Company Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Robert Lehman - Chief Financial Officer Greg Handler - Chief Investment Officer Sean Johnson - Deputy Chief Investment Officer Conference Call Participants Jason Stewart - Jones Trading Operator Welcome to the Western Asset Mortgage Capital Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 p.m.

05:17 11 Dec 2023 WMC

Best REITS For Reliable Income For 2023

REITs are dividend-paying entities that own or finance real estate.

08:30 11 Dec 2023 WMC

Western Asset Mortgage Capital Corporation to Report Fourth Quarter and Full Year 2022 Financial Results

PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) today announced that it will release financial results for the fourth quarter and year ended December 31, 2022 after the market closes on Thursday, March 2, 2023. The Company will host a corresponding conference call with a live webcast on Friday, March 3, 2023 at 11:00 a.m. Eastern Time/8:00 a.m. Pacific Time, to discuss those results.

01:21 11 Dec 2023 WMC

Western Asset Mortgage Capital Corp (WMC) Q3 2022 Earnings Call Transcript

Western Asset Mortgage Capital Corp (NYSE:WMC ) Q3 2022 Earnings Conference Call November 4, 2022 12:00 PM ET Corporate Participants Larry Clark - Investor Relations Bonnie Wongtrakool - Chief Executive Officer Greg Handler - Chief Investment Officer Bob Lehman - Chief Financial Officer Sean Johnson - Deputy Chief Investment Officer Conference Call Participants Operator Good day and welcome to the Western Asset Mortgage Capital Corporation's Third Quarter 2022 Earnings Conference Call. Today's call is being recorded and will be available for replay beginning at 5:00 PM Eastern Standard Time.

02:38 11 Dec 2023 WMC

Looking For Double-Digit Returns? 3 Mortgage REITs You Can Buy For Less Than They're Worth — By This Measure

When investing in mortgage real estate investment trust (REIT) it is important to know that these funds hold a five-year average dividend yield of 10.8%.

WMC Financial details

Company Rating

Buy

Market Cap

55.53M

Income

-2.9M

Revenue

8.8M

Book val./share

12.89

Cash/share

4.07

Dividend

1.69

Dividend %

18.41%

Employees

Optionable

Shortable

Yes

Earnings

29 Feb 2024

P/E

-19.14

Forward P/E

PEG

2.04

P/S

6.31

P/B

0.71

P/C

2.26

P/FCF

86.64

Quick Ratio

3.1

Current Ratio

2.42

Debt / Equity

25.25

LT Debt / Equity

25.25

EPS (TTM)

-0.51

EPS next Y

EPS next Q

2.09

EPS this Y

71.43%

EPS next Y

EPS next 5Y

-264.61%

EPS last 5Y

NAN%

Revenue last 5Y

NAN%

Revenue Q/Q

-1.95%

EPS Q/Q

-99.98%

SMA20

3.62%

SMA50

-14.37%

SMA100

-0.81%

Inst Own

6.03%

Inst Trans

0.41%

ROA

ROE

-3%

ROC

0.03%

Gross Margin

-47%

Oper. Margin

697%

Profit Margin

-33%

Payout

-312%

Shs Outstand

6.05M

Shs Float

5.92M

Target Price

52W Range

7.82-11.64

52W High

-16.55%

52W Low

+31.14%

RSI

66.55

Rel Volume

1.64

Avg Volume

20.42K

Volume

33.53K

Perf Week

7.9%

Perf Month

14.75%

Perf Quarter

0.99%

Perf Half Y

1.89%

Beta

1.708

Volatility

0.3%, 0.24%

Prev Close

4.44%

Price

9.18

Change

6.5%

WMC Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	10.39	16.91	-47.59	-4.9	-10.49
Net income per share	5.49	13.21	-53.99	-8.26	-14.16
Operating cash flow per share	22.25	-9.76	-24.28	0.34	2.57
Free cash flow per share	22.25	-9.76	-24.28	0.34	2.57
Cash per share	4.57	5.85	5.2	6.66	3.97
Book value per share	104.54	105.46	41.95	31.98	15.7
Tangible book value per share	104.54	105.46	41.95	33.84	15.7
Share holders equity per share	104.54	105.46	41.95	31.98	15.7
Interest debt per share	248.96	340.97	452.11	351.04	391.49
Market cap	401.29M	552.9M	198.25M	127.4M	55M
Enterprise value	1.44B	2.2B	2.78B	2.07B	2.18B
P/E ratio	15.2	7.82	-0.6	-2.55	-0.64
Price to sales ratio	8.03	6.11	-0.69	-4.3	-0.87
POCF ratio	3.75	-10.58	-1.34	61.7	3.55
PFCF ratio	3.75	-10.58	-1.34	61.7	3.55
P/B Ratio	0.8	0.98	0.78	0.66	0.58
PTB ratio	0.8	0.98	0.78	0.66	0.58
EV to sales	28.79	24.27	-9.62	-69.91	-34.41
Enterprise value over EBITDA	8.7	30.61	-8.49	-41.59	41.87
EV to operating cash flow	13.44	-42.04	-18.85	1K	140.67
EV to free cash flow	13.44	-42.04	-18.85	1K	140.67
Earnings yield	0.07	0.13	-1.66	-0.39	-1.55
Free cash flow yield	0.27	-0.09	-0.74	0.02	0.28
Debt to equity	2.11	2.97	10.26	10.27	23.48
Debt to assets	0.24	0.32	0.78	0.7	0.91
Net debt to EBITDA	6.28	22.9	-7.88	-39.03	40.81
Current ratio	8.44	9.33	5.31	5.21	0.41
Interest coverage	1.2	0.48	-2.47	-0.36	0.35
Income quality	4.05	-0.74	0.45	-0.04	-0.18
Dividend Yield	0.13	0.11	0.1	0.11	0.2
Payout ratio	2.03	0.89	-0.06	-0.29	-0.13
Sales general and administrative to revenue	0.07	0.05	-0.02	-0.21	-0.07
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	0.01	0	-0.02	-0.01
Graham number	113.62	177.04	225.75	77.09	70.72
ROIC	0.1	0.03	-0.11	-0.02	0.02
Return on tangible assets	0.01	0.01	-0.1	-0.02	-0.03
Graham Net	-809.29	-833.55	-495.69	-422.7	-383.72
Working capital	92.14M	151.43M	63.39M	63.6M	-51.42M
Tangible asset value	503.01M	564.46M	255.11M	204.33M	94.81M
Net current asset value	-3.89B	-4.43B	-3B	-2.54B	-2.32B
Invested capital	2.11	2.97	10.26	10.27	23.48
Average receivables	106.36M	121.41M	92.38M	42.5M	31.19M
Average payables	11.92M	15.29M	16.44M	14.9M	15.55M
Average inventory	0	0	0	0	0
Days sales outstanding	763.31	557.77	-58.61	-474.88	-137.52
Days payables outstanding	744.3	1.2K	1.88K	1.16K	925.08
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.48	0.65	-6.23	-0.77	-2.65
Payables turnover	0.49	0.3	0.19	0.31	0.39
Inventory turnover	0	0	0	0	0
ROE	0.05	0.13	-1.29	-0.26	-0.9
Capex per share	0	0	0	0	0

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	-5.47	0.61	1.81	-0.49	-0.47
Net income per share	-6.63	-0.14	1.09	-1.44	0
Operating cash flow per share	0.76	0.4	-0.01	0.12	-0.4
Free cash flow per share	0.76	0.4	-0.01	0.12	-0.4
Cash per share	9.17	3.97	2.67	2.9	4.07
Book value per share	16.22	15.7	16.46	14.8	12.89
Tangible book value per share	16.22	15.7	16.46	14.8	12.89
Share holders equity per share	16.22	15.7	16.46	14.8	12.89
Interest debt per share	381.7	374.8	357.7	344.52	331.61
Market cap	67.57M	55.01M	55.13M	53.18M	56.87M
Enterprise value	2.28B	2.18B	2.16B	2.07B	2B
P/E ratio	-0.42	-16.51	2.1	-1.54	-7.11K
Price to sales ratio	-2.05	14.87	5.06	-18.16	-19.8
POCF ratio	14.69	22.74	-744.96	75.54	-23.62
PFCF ratio	14.69	22.74	-744.96	75.54	-23.62
P/B Ratio	0.69	0.58	0.55	0.6	0.73
PTB ratio	0.69	0.58	0.55	0.6	0.73
EV to sales	-69.05	589.13	198.32	-705.04	-696.86
Enterprise value over EBITDA	-565.08	59.74	573.7	-187.66	-281.61
EV to operating cash flow	496.14	900.87	-29.22K	2.93K	-831.14
EV to free cash flow	496.14	900.87	-29.22K	2.93K	-831.14
Earnings yield	-0.59	-0.02	0.12	-0.16	0
Free cash flow yield	0.07	0.04	0	0.01	-0.04
Debt to equity	23.17	23.48	21.37	22.87	25.25
Debt to assets	0.87	0.91	0.88	0.89	0.88
Net debt to EBITDA	-548.35	58.24	559.07	-182.83	-273.61
Current ratio	1.62	0.41	1.79	1.83	2.42
Interest coverage	-0.11	0.98	1.18	-0.3	-0.19
Income quality	-0.11	-2.9	-0.01	-0.08	0.28
Dividend Yield	0.04	0.04	0.04	0.04	0.04
Payout ratio	-0.06	-2.9	0.37	-0.24	-1.06K
Sales general and administrative to revenue	-0.04	0.27	0.1	-0.38	-0.3
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	0.03	0.01	-0.03	-0.04
Graham number	49.18	6.98	20.07	21.9	0.31
ROIC	0	0.01	0.02	-0.01	0
Return on tangible assets	-0.02	0	0	0	0
Graham Net	-403.37	-383.66	-376.08	-361.21	-350.04
Working capital	8.91M	-51.42M	12.06M	12.81M	20.86M
Tangible asset value	97.96M	94.81M	99.37M	88.72M	77.99M
Net current asset value	-2.49B	-2.32B	-2.29B	-2.17B	-2.12B
Invested capital	23.17	23.48	21.37	22.87	25.25
Average receivables	26.77M	23.56M	30.66M	29.23M	20.91M
Average payables	14.34M	15.17M	15.64M	15.37M	15.06M
Average inventory	0	0	0	0	0
Days sales outstanding	-63.36	580.63	309.12	-645.36	-652.53
Days payables outstanding	433.59	228.1	1.48K	609.81	389.52
Days of inventory on hand	0	0	0	0	0
Receivables turnover	-1.42	0.16	0.29	-0.14	-0.14
Payables turnover	0.21	0.39	0.06	0.15	0.23
Inventory turnover	0	0	0	0	0
ROE	-0.41	-0.01	0.07	-0.1	0
Capex per share	0	0	0	0	0

WMC Dividend History

WMC Frequently Asked Questions

What is Western Asset Mortgage Capital Corporation stock symbol ?

Western Asset Mortgage Capital Corporation is a US stock , located in Salt lake city of Ut and trading under the symbol WMC

Is Western Asset Mortgage Capital Corporation buy or a sell ?

1 stock analysts have 1 predictions with a medium analyst target price of $20. The lowest prediction is $20 and the highest is $20

What is WMC stock prediction ?

What is Western Asset Mortgage Capital Corporation stock quote today ?

Western Asset Mortgage Capital Corporation stock price is $9.18 today.

Is Western Asset Mortgage Capital Corporation stock public?

Yes, Western Asset Mortgage Capital Corporation is a publicly traded company.

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Company Profile

Volume Average 20.42K
Market Capitalization 55.53M
Employee 1
CEO Ms. Bonnie Wongtrakool C.F.A.
Headquarters Salt Lake City,UT,US
IPO Date 2012-05-11
Website https://www.westernassetmcc.com

Western Asset Mortgage Capital Corporation operates as a real estate investment trust. It invests in, acquires, and manages a portfolio of assets with a focus on residential real estate related investments, including non-qualified mortgage loans, non-agency residential mortgage-backed securities (RMBS), and other related investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Western Asset Mortgage Capital Corporation was incorporated in 2009 and is based in Salt Lake City, Utah.