Two Harbors Investment Corp. (TWO)

Two Harbors Investment Statistics

Total Valuation

TWO has a market cap or net worth of $1.43 billion. The enterprise value is $9.67 billion.

Market Cap	1.43B
Enterprise Value	9.67B

Important Dates

The last earnings date was Wednesday, January 29, 2025, after market close.

Earnings Date	Jan 29, 2025
Ex-Dividend Date	Jan 3, 2025

Share Statistics

TWO has 104.02 million shares outstanding. The number of shares has increased by 11.00% in one year.

Current Share Class	104.02M
Shares Outstanding	104.02M
Shares Change (YoY)	+11.00%
Shares Change (QoQ)	+7.87%
Owned by Insiders (%)	0.67%
Owned by Institutions (%)	68.86%
Float	103.28M

Valuation Ratios

The trailing PE ratio is 5.80 and the forward PE ratio is 8.07.

PE Ratio	5.80
Forward PE	8.07
PS Ratio	2.29
Forward PS	n/a
PB Ratio	0.94
P/TBV Ratio	0.94
P/FCF Ratio	n/a
P/OCF Ratio	7.12
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	38.69
EV / Sales	15.55
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 0.21, with a Debt / Equity ratio of 4.29.

Current Ratio	0.21
Quick Ratio	0.16
Debt / Equity	4.29
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 13.79%.

Return on Equity (ROE)	13.79%
Return on Assets (ROA)	2.35%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$1.33M
Profits Per Employee	$536,444
Employee Count	466
Asset Turnover	0.05
Inventory Turnover	n/a

Taxes

In the past 12 months, TWO has paid $46.59 million in taxes.

Income Tax	46.59M
Effective Tax Rate	13.51%

Stock Price Statistics

The stock price has increased by +7.92% in the last 52 weeks. The beta is 1.86, so TWO's price volatility has been higher than the market average.

Beta (5Y)	1.86
52-Week Price Change	+7.92%
50-Day Moving Average	12.18
200-Day Moving Average	12.79
Relative Strength Index (RSI)	76.69
Average Volume (20 Days)	1,249,312

Short Selling Information

The latest short interest is 2.63 million, so 2.53% of the outstanding shares have been sold short.

Short Interest	2.63M
Short Previous Month	3.80M
Short % of Shares Out	2.53%
Short % of Float	2.55%
Short Ratio (days to cover)	1.81

Income Statement

In the last 12 months, TWO had revenue of $622.06 million and earned $249.98 million in profits. Earnings per share was $2.37.

Revenue	622.06M
Gross Profit	601.99M
Operating Income	346.57M
Pretax Income	166.19M
Net Income	249.98M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$2.37

Balance Sheet

The company has $870.70 million in cash and $9.11 billion in debt, giving a net cash position of -$8.24 billion or -$79.23 per share.

Cash & Cash Equivalents	870.70M
Total Debt	9.11B
Net Cash	-8.24B
Net Cash Per Share	-$79.23
Equity (Book Value)	2.12B
Book Value Per Share	14.67
Working Capital	-6.59B

Cash Flow

Operating Cash Flow	201.00M
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross margin is 96.77%, with operating and profit margins of 55.71% and 47.93%.

Gross Margin	96.77%
Operating Margin	55.71%
Pretax Margin	55.42%
Profit Margin	47.93%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 13.08%.

Dividend Per Share	$1.80
Dividend Yield	13.08%
Dividend Growth (YoY)	-7.69%
Years of Dividend Growth	n/a
Payout Ratio	75.93%
Buyback Yield	-11.00%
Shareholder Yield	2.08%
Earnings Yield	17.46%
FCF Yield	n/a

Analyst Forecast

The average price target for TWO is $14.04, which is 2.04% higher than the current price. The consensus rating is "Buy".

Price Target	$14.04
Price Target Difference	2.04%
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	5