Financial Services - Financial - Mortgages - NYSE - US
$ 19.95
-0.15 %
$ 661 M
Market Cap
10.9
P/E
Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.[ Read More ]
The intrinsic value of one VEL stock under the base case scenario is HIDDEN Compared to the current market price of 19.9 USD, Velocity Financial, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart VEL
FINANCIALS
132 M
REVENUE
65.9 M
OPERATING INCOME
52.3 M
NET INCOME
61.1 M
OPERATING CASH FLOW
-585 M
INVESTING CASH FLOW
536 M
FINANCING CASH FLOW
0
REVENUE
20.7 M
OPERATING INCOME
16 M
NET INCOME
-17.6 M
OPERATING CASH FLOW
-280 M
INVESTING CASH FLOW
285 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Velocity Financial, Inc.
| Current Assets | 76.4 M |
| Cash & Short-Term Investments | 40.6 M |
| Receivables | 35.8 M |
| Other Current Assets | 0 |
| Non-Current Assets | 4.36 B |
| Long-Term Investments | 0 |
| PP&E | 5.33 M |
| Other Non-Current Assets | 4.36 B |
| Current Liabilities | 0 |
| Accounts Payable | 122 M |
| Short-Term Debt | 335 M |
| Other Current Liabilities | -457 M |
| Non-Current Liabilities | 3.97 B |
| Long-Term Debt | 3.51 B |
| Other Non-Current Liabilities | 460 M |
EFFICIENCY
Earnings Waterfall
Velocity Financial, Inc.
| Revenue | 132 M |
| Cost Of Revenue | 0 |
| Gross Profit | 132 M |
| Operating Expenses | 156 M |
| Operating Income | 65.9 M |
| Other Expenses | 13.6 M |
| Net Income | 52.3 M |
RATIOS
100.00%
GROSS MARGIN
50.04%
OPERATING MARGIN
39.69%
NET MARGIN
12.06%
ROE
1.19%
ROA
1.13%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Velocity Financial, Inc.
| Net Income | 52.3 M |
| Depreciation & Amortization | 2.3 M |
| Capital Expenditures | -180 K |
| Stock-Based Compensation | 4.13 M |
| Change in Working Capital | 16.7 M |
| Others | -12.6 M |
| Free Cash Flow | 60.9 M |
Wall Street Analysts Price Targets
Velocity Financial, Inc.
Wall Street analysts predict an average 1-year price target for VEL of $22 , with forecasts ranging from a low of $22 to a high of $22 .
VEL Lowest Price Target
Wall Street Target
22 USD
10.28%
VEL Average Price Target
Wall Street Target
22 USD
10.28%
VEL Highest Price Target
Wall Street Target
22 USD
10.28%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Velocity Financial, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Mar 13, 2023
|
Bought 24.8 K USD
|
Pitstick John
Director |
+ 3000
|
8.27 USD |
|
4 years ago
Sep 04, 2020
|
Bought 23.9 K USD
|
Pitstick John
Director |
+ 5000
|
4.78 USD |
|
4 years ago
Aug 18, 2020
|
Bought 5.02 K USD
|
Taylor Jeffrey T.
Executive VP, Capital Markets |
+ 1200
|
4.1797 USD |
|
4 years ago
Aug 18, 2020
|
Bought 20.5 K USD
|
Farrar Christopher D.
Chief Executive Officer |
+ 5000
|
4.1 USD |
|
4 years ago
May 29, 2020
|
Bought 76.7 K USD
|
Pitstick John
Director |
+ 20000
|
3.8356 USD |
|
4 years ago
May 26, 2020
|
Bought 20.8 K USD
|
Szczepaniak Mark R
Chief Financial Officer |
+ 6400
|
3.25 USD |
|
4 years ago
May 19, 2020
|
Bought 3.42 K USD
|
Taylor Jeffrey T.
Executive VP, Capital Markets |
+ 1200
|
2.85 USD |
|
4 years ago
May 21, 2020
|
Bought 3.37 K USD
|
Oltmann Christopher J
Chief Accounting Officer |
+ 1000
|
3.37 USD |
|
4 years ago
May 19, 2020
|
Bought 10.2 K USD
|
Comley Graham M
See Remarks |
+ 4000
|
2.56 USD |
|
4 years ago
May 19, 2020
|
Bought 4.16 K USD
|
Cowell Joseph A
Chief Operating Officer |
+ 1500
|
2.77 USD |
|
4 years ago
Jan 24, 2020
|
Bought 9.94 K USD
|
Cowell Joseph A
Chief Operating Officer |
+ 722
|
13.77 USD |
|
4 years ago
Jan 24, 2020
|
Bought 10.4 K USD
|
Oltmann Christopher J
Chief Accounting Officer |
+ 750
|
13.91 USD |
7. News
Velocity Financial price target raised to $23 from $20 at BTIG
BTIG raised the firm's price target on Velocity Financial to $23 from $20 and keeps a Buy rating on the shares after its Q3 results. The stock's valuation has remained especially stable against this recent move up in rates, unlike the majority of residential and commercial lenders whose read-thru for forward loan production may be more sensitive to current conditions, the analyst tells investors in a research note. Velocity shares are also reflecting a somewhat "ideal" size/scale for this environment, where it's become big and established enough to have a book of repeat business, while at the same time there's easily room for the balance sheet to be bigger, BTIG added.
https://thefly.com
- 5 days ago
Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript
Velocity Financial, Inc. (NYSE:VEL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chris Oltmann - Director of Investor Relations Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Steve Delaney - Citizens JMP Securities Eric Hagen - BTIG Operator Good day and welcome to the Velocity Financial Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
seekingalpha.com
- 1 week ago
Velocity Financial (VEL) Meets Q3 Earnings Estimates
Velocity Financial (VEL) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.37 per share a year ago.
zacks.com
- 1 week ago
Velocity Financial, Inc. Announces Date of Third Quarter 2024 Financial Results Webcast and Conference Call
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its third quarter 2024 results after the market close on Thursday, November 7, 2024. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only mod.
businesswire.com
- 3 weeks ago
Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD
With refinancing activities surging as homeowners seek interest rate relief, stocks such as PennyMac, Velocity Financial and Guild are poised to gain.
zacks.com
- 1 month ago
Velocity Financial Should Continue To Do Well
Velocity Financial benefits from bank constraints, showing impressive growth by targeting smaller investors and leveraging its 19-year reputation and automated data analytics systems. The company's growth strategy includes expanding its mortgage broker network, developing new products, and acquiring loan portfolios, supported by a robust funding structure. Despite rising operating costs, Velocity's earnings are strong, with a significant cash flow and an adjusted book value of nearly $17 per share.
seekingalpha.com
- 1 month ago
Lower Mortgage Rates Driving Refinancing Activities: Three Stocks to Buy
Investors can consider buying stocks like VEL, ONIT and PFSI with the decline in mortgage rates and an increase in refinancing activities.
zacks.com
- 1 month ago
Is Velocity Financial (VEL) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
zacks.com
- 1 month ago
Top Consumer Loan Stocks to Benefit from Rate Cuts
With the federal funds' interest rate expected to be cut by at least 0.25% in September, investors may want to consider several consumer loan stocks that may benefit.
zacks.com
- 2 months ago
Velocity Financial (VEL) Upgraded to Strong Buy: Here's Why
Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
zacks.com
- 2 months ago
2 Stocks to Buy in the Thriving Mortgage & Related Services Industry
Declining mortgage rates, improving purchase originations and expected interest rate cuts paint a favorable picture for the Zacks Mortgage & Related Services industry. Hence, industry players like VEL and ONIT are poised to flourish.
zacks.com
- 2 months ago
Buy 3 Top Momentum Stocks for Turnover Tuesday: PPC, CSV, VEL
Stocks like Pilgrim's Pride (PPC), Carriage Services (CSV) and Velocity Financial (VEL) have been selected as the momentum picks for the day using the Driehaus strategy.
zacks.com
- 3 months ago
8. Profile Summary
Velocity Financial, Inc. VEL
COUNTRY
US
INDUSTRY
Financial - Mortgages
MARKET CAP
$ 661 M
Dividend Yield
0.00%
Description
Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 14 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.
Contact
30699 Russell Ranch Road, Westlake Village, CA, 91362
https://www.velfinance.com
IPO Date
Jan. 17, 2020
Employees
253
Officers
Mr. Christopher J. Oltmann
Corporate Treasurer & Director of Investor Relations
Mr. Joseph A. Cowell
Chief Operating Officer
Mr. Christopher D. Farrar
Co-Founder, Chief Executive Officer, President & Director
Mr. Mark R. Szczepaniak
Chief Financial Officer
Ms. Fiona Tam
Chief Accounting Officer
Mr. Jeffrey T. Taylor
Executive Vice President of Capital Markets
Mr. Roland Thomas Kelly
Chief Legal Officer, General Counsel & Corporate Secretary