Two Harbors Investment Corp. (TWO)

Two Harbors Investment Statistics

Total Valuation

TWO has a market cap or net worth of $1.23 billion. The enterprise value is $10.38 billion.

Market Cap	1.23B
Enterprise Value	10.38B

Important Dates

The next estimated earnings date is Monday, January 27, 2025, after market close.

Earnings Date	Jan 27, 2025
Ex-Dividend Date	Oct 1, 2024

Share Statistics

TWO has 103.65 million shares outstanding. The number of shares has decreased by -0.58% in one year.

Current Share Class	103.65M
Shares Outstanding	103.65M
Shares Change (YoY)	-0.58%
Shares Change (QoQ)	-0.26%
Owned by Insiders (%)	0.61%
Owned by Institutions (%)	68.10%
Float	102.97M

Valuation Ratios

PE Ratio	n/a
Forward PE	6.95
PS Ratio	10.14
Forward PS	n/a
PB Ratio	0.78
P/TBV Ratio	0.78
P/FCF Ratio	3.71
P/OCF Ratio	3.71
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	86.86
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	31.28

Financial Position

The company has a current ratio of 0.17, with a Debt / Equity ratio of 4.63.

Current Ratio	0.17
Quick Ratio	0.14
Debt / Equity	4.63
Debt / EBITDA	n/a
Debt / FCF	30.27
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is -19.21%.

Return on Equity (ROE)	-19.21%
Return on Assets (ROA)	-3.07%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$256,386
Profits Per Employee	-$983,232
Employee Count	466
Asset Turnover	0.01
Inventory Turnover	n/a

Taxes

Income Tax	-13.55M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -16.53% in the last 52 weeks. The beta is 1.87, so TWO's price volatility has been higher than the market average.

Beta (5Y)	1.87
52-Week Price Change	-16.53%
50-Day Moving Average	12.01
200-Day Moving Average	12.86
Relative Strength Index (RSI)	51.00
Average Volume (20 Days)	1,069,665

Short Selling Information

The latest short interest is 3.33 million, so 3.22% of the outstanding shares have been sold short.

Short Interest	3.33M
Short Previous Month	3.22M
Short % of Shares Out	3.22%
Short % of Float	3.24%
Short Ratio (days to cover)	2.54

Income Statement

In the last 12 months, TWO had revenue of $119.48 million and -$458.19 million in losses. Loss per share was -$4.63.

Revenue	119.48M
Gross Profit	91.95M
Operating Income	-445.48M
Pretax Income	166.19M
Net Income	-458.19M
EBITDA	n/a
EBIT	n/a
Loss Per Share	-$4.63

Balance Sheet

The company has $894.33 million in cash and $10.04 billion in debt, giving a net cash position of -$9.15 billion or -$88.26 per share.

Cash & Cash Equivalents	894.33M
Total Debt	10.04B
Net Cash	-9.15B
Net Cash Per Share	-$88.26
Equity (Book Value)	2.17B
Book Value Per Share	15.13
Working Capital	-7.14B

Cash Flow

Operating Cash Flow	331.80M
Capital Expenditures	n/a
Free Cash Flow	331.80M
FCF Per Share	$3.20

Margins

Gross Margin	76.96%
Operating Margin	-372.86%
Pretax Margin	-355.98%
Profit Margin	n/a
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	277.71%

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 15.16%.

Dividend Per Share	$1.80
Dividend Yield	15.16%
Dividend Growth (YoY)	-14.29%
Years of Dividend Growth	1
Payout Ratio	n/a
Buyback Yield	0.58%
Shareholder Yield	15.75%
Earnings Yield	-37.24%
FCF Yield	26.97%

Analyst Forecast

The average price target for TWO is $14.18, which is 19.46% higher than the current price. The consensus rating is "Buy".

Price Target	$14.18
Price Target Difference	19.46%
Analyst Consensus	Buy
Analyst Count	8
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

The last stock split was on November 2, 2022. It was a reverse split with a ratio of 0.25:1.

Last Split Date	Nov 2, 2022
Split Type	Reverse
Split Ratio	0.25:1

Scores

Altman Z-Score	n/a
Piotroski F-Score	2