MITN
AG Mortgage Investment Trust, I (MITN) SWOT Analysis Analysis (2026)
No material changes this month.
Overall Score
Strengths
Very strong gross and operating profitability, with gross margin at 94.3% and EBIT margin at 94.3%.
Valuation remains attractive on cash flow, with EV/FCF at 10.0x and price-to-free-cash-flow at 10.1x.
Leverage is low, with net debt to EBITDA at 0.07x and debt to assets at 1.2%.
Weaknesses
Liquidity is weak, with a current ratio of 0.64x and negative working capital of $35.2M.
Interest coverage is modest at 1.29x, leaving limited cushion if earnings soften.
Dividend payout remains elevated at 71.1%, which may constrain flexibility despite solid cash generation.
Opportunities
Free cash flow yield is solid at 10.0%, supporting potential shareholder returns or reinvestment.
Return on invested capital is strong at 8.82%, indicating efficient capital deployment.
The low EV/sales multiple of 1.67x suggests room for rerating if growth stabilizes.
Threats
High financial leverage relative to market cap, with debt-to-market-cap at 8.1x, could amplify downside in a downturn.
Interest burden is still meaningful, as pretax profit margin is only 8.9% despite very high operating margins.
No recent news was provided, so near-term catalysts and risks are driven mainly by operating and balance-sheet metrics.
Sources
- Company filings (10-K, 10-Q, investor presentations)
- Financial and market data providers
- Public news and industry information
🔒 Go Beyond This Framework
This is one of 10 institutional-grade frameworks Invetso runs on AG Mortgage Investment Trust, I. Unlock the complete analysis — SWOT, Economic Moat, Porter’s Five Forces, Management, PESTLE and the Invetso Quality Score.