Financials Great Ajax Corp.

Equities

AJX

US38983D3008

Specialized REITs

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
3.49 USD +1.45% Intraday chart for Great Ajax Corp. +0.58% -34.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 301.3 240.9 304.6 166 145.6 129.1 -
Enterprise Value (EV) 1 301.3 240.9 304.6 166 145.6 129.1 129.1
P/E ratio 9.31 x 11.2 x 9.27 x -5.75 x -2.7 x 175 x 7.76 x
Yield 8.64% 7.93% 6.16% - 14.3% 11.5% 12.9%
Capitalization / Revenue 4.64 x 3.79 x 3.91 x 4.66 x -8.53 x 4.88 x 2.87 x
EV / Revenue 4.64 x 3.79 x 3.91 x 4.66 x -8.53 x 4.88 x 2.87 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 0.94 x 0.67 x - 0.56 x 0.53 x 0.32 x -
Nbr of stocks (in thousands) 21,060 23,034 23,143 22,893 27,469 36,989 -
Reference price 2 14.31 10.46 13.16 7.250 5.300 3.490 3.490
Announcement Date 3/3/20 3/4/21 3/3/22 3/2/23 2/27/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 64.92 63.61 77.95 35.64 -17.07 26.46 44.98
EBITDA - - - - - - -
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) 1 37.21 33.48 42.01 -12.1 -46.71 2.15 19.02
Net income 1 34.7 22.76 34.06 -28.68 -49.26 1.76 18.88
Net margin 53.46% 35.77% 43.69% -80.48% 288.51% 6.65% 41.97%
EPS 2 1.536 0.9300 1.420 -1.260 -1.960 0.0200 0.4500
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 1.237 0.8300 0.8100 - 0.7600 0.4000 0.4500
Announcement Date 3/3/20 3/4/21 3/3/22 3/2/23 2/27/24 - -
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 18.99 19.4 14.97 8.768 10.52 1.375 0.54 -2.414 1.053 -16.25 3.917 5.683 7.298 9.564 9.951
EBITDA - - - - - - - - - - - - - - -
EBIT - - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 10.79 9.31 5.603 -4.781 -7.136 -6.051 -7.271 -11.28 -5.617 -22.54 -2.014 -0.344 1.173 3.335 3.635
Net income 1 9.313 7.362 3.586 -9.181 -16.25 -6.835 -7.941 -12.03 -6.089 -23.2 -2.299 -0.379 1.138 3.3 3.6
Net margin 49.04% 37.95% 23.95% -104.71% -154.43% -497.09% -1,470.56% 498.51% -578.25% 142.72% -58.69% -6.67% 15.59% 34.5% 36.18%
EPS 2 0.3800 0.3200 0.1500 -0.4000 -0.7100 -0.3000 -0.3400 -0.5100 -0.2500 -0.8600 -0.0700 -0.0100 0.0300 0.0800 0.0900
Dividend per Share 2 0.2100 0.2400 0.2600 0.2600 0.2700 - 0.2500 0.2500 0.2000 0.1100 0.1000 0.1000 0.1000 0.1000 0.1000
Announcement Date 11/4/21 3/3/22 5/5/22 8/4/22 11/3/22 3/2/23 5/4/23 8/3/23 11/2/23 2/27/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 10.5% 5.38% 6.93% - - - -
ROA (Net income/ Total Assets) 2.18% 1.41% 2% -1.01% - - -
Assets 1 1,590 1,615 1,707 2,848 - - -
Book Value Per Share 2 15.30 15.60 - 13.00 9.990 11.00 -
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 3/3/20 3/4/21 3/3/22 3/2/23 2/27/24 - -
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
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
3.49 USD
Average target price
6 USD
Spread / Average Target
+71.92%
Consensus
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