Velocity Financial Inc. (VEL)
Velocity Financial Statistics
Share Statistics
Velocity Financial has 32.49M shares outstanding. The number of shares has increased by 3.12% in one year.
| Shares Outstanding | 32.49M |
| Shares Change (YoY) | 3.12% |
| Shares Change (QoQ) | 2.72% |
| Owned by Institutions (%) | 99.79% |
| Shares Floating | 18.3M |
| Failed to Deliver (FTD) Shares | 80 |
| FTD / Avg. Volume | 0.08% |
Short Selling Information
The latest short interest is 241.4K, so 0.66% of the outstanding shares have been sold short.
| Short Interest | 241.4K |
| Short % of Shares Out | 0.66% |
| Short % of Float | 4.18% |
| Short Ratio (days to cover) | 1.63 |
Valuation Ratios
The PE ratio is 9.34 and the forward PE ratio is 7.51. Velocity Financial's PEG ratio is 0.29.
| PE Ratio | 9.34 |
| Forward PE | 7.51 |
| PS Ratio | 3.02 |
| Forward PS | 2.1 |
| PB Ratio | 1.24 |
| P/FCF Ratio | 17.05 |
| PEG Ratio | 0.29 |
Enterprise Valuation
Velocity Financial has an Enterprise Value (EV) of 5.45B.
| EV / Sales | 25.73 |
| EV / EBITDA | 0 |
| EV / EBIT | 144.3 |
| EV / FCF | 145.42 |
Financial Position
The company has a current ratio of 0.59, with a Debt / Equity ratio of 9.4.
| Current Ratio | 0.59 |
| Quick Ratio | 0.59 |
| Debt / Equity | 9.4 |
| Debt / EBITDA | - |
| Debt / FCF | 129.7 |
| Interest Coverage | 0.41 |
Financial Efficiency
Return on Equity is 13.24% and Return on Invested Capital is 23.32%.
| Return on Equity | 13.24% |
| Return on Assets | 1.24% |
| Return on Invested Capital | 23.32% |
| Revenue Per Employee | $685.23K |
| Profits Per Employee | $221.42K |
| Employee Count | 309 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 27.93M |
| Effective Tax Rate | 28.97% |
Stock Price Statistics
The stock price has increased by 4.26% in the last 52 weeks. The beta is 0.71, so Velocity Financial's price volatility has been higher than the market average.
| Beta | 0.71 |
| 52-Week Price Change | 4.26% |
| 50-Day Moving Average | 18.4 |
| 200-Day Moving Average | 19.07 |
| Relative Strength Index (RSI) | 49.56 |
| Average Volume (20 Days) | 103.67K |
Income Statement
In the last 12 months, Velocity Financial had revenue of 211.74M and earned 68.42M in profits. Earnings per share was 2.12.
| Revenue | 211.74M |
| Gross Profit | 211.74M |
| Operating Income | 101.4M |
| Net Income | 68.42M |
| EBITDA | 0 |
| EBIT | -2M |
| Earnings Per Share (EPS) | 2.12 |
Balance Sheet
The company has 49.9M in cash and 4.86B in debt, giving a net cash position of -4.81B.
| Cash & Cash Equivalents | 49.9M |
| Total Debt | 4.86B |
| Net Cash | -4.81B |
| Retained Earnings | 197.32M |
| Total Assets | 5.53B |
| Working Capital | 50.11M |
Cash Flow
In the last 12 months, operating cash flow was 37.76M and capital expenditures -289K, giving a free cash flow of 37.47M.
| Operating Cash Flow | 37.76M |
| Capital Expenditures | -289K |
| Free Cash Flow | 37.47M |
| FCF Per Share | 1.15 |
Margins
Gross margin is 100%, with operating and profit margins of 47.89% and 32.31%.
| Gross Margin | 100% |
| Operating Margin | 47.89% |
| Pretax Margin | 45.52% |
| Profit Margin | 32.31% |
| EBITDA Margin | n/a |
| EBIT Margin | 47.89% |
| FCF Margin | 17.69% |
Dividends & Yields
VEL does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | 10.71% |
| FCF Yield | 5.87% |
Analyst Forecast
The average price target for VEL is $21, which is 17.4% higher than the current price. The consensus rating is "Buy".
| Price Target | $21 |
| Price Target Difference | 17.4% |
| Analyst Consensus | Buy |
| Analyst Count | 5 |
Scores
| Altman Z-Score | 0.25 |
| Piotroski F-Score | 5 |