Impac Mortgage Holdings provides mortgage and warehouse lending, servicing, portfolio loss mitigation and real estate services as well as the management of the securitized long-term mortgage portfolio, which includes the residual interests in securitizations. The company was founded in 1995 and is based in Irvine, California.
IMH Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Impac Mortgage Holdings Inc. To summarize, we found that Impac Mortgage Holdings Inc ranked in the 99th percentile in terms of potential gain offered. Our DCF model suggests the stock is undervalued by 43508.5%; returns of such proportions should be viewed with some skepticism, though. As for the metrics that stood out in our discounted cash flow analysis of Impac Mortgage Holdings Inc, consider:
Interest coverage, a measure of earnings relative to interest payments, is 0.38 -- which is good for besting only 22.06% of its peer stocks (US stocks in the Financial Services sector with positive cash flow).
30% of the company's capital comes from equity, which is greater than merely 13.14% of stocks in our cash flow based forecasting set.
Impac Mortgage Holdings Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as IMH, try CUII, CGBD, IBN, COHN, and QIWI.
The operator of Quicken Loans and Rocket Mortgage is cutting the size of its IPO, which may indicate the hot new-issues market is feeling some fatigue.Rocket Companies now looks to raise $2B with its IPO from a much as $3.3B, cutting its expected range to $18 to $20 per share...
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Impac Mortgage Holdings, Inc. (IMH) Q1 2020 Earnings Conference Call June 26, 2020 9:00 A.M. ET Company Participants Justin Moisio - Chief Administrative Officer George Mangiaracina - Chairman and Chief Executive Officer Paul Licon - Chief Financial Officer Tom Donatacci - Chief of Staff, Business Development Tiffany Entsminger - Chief...
Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the Company), announces the scheduling of a conference call and live webcast on Friday, June 26th, 2020, at 6:00 a.m. P.T. (9:00 a.m. E.T.). We will discuss our first quarter 2020 financial results, which are expected to be released after the close of market on Thursday, June 25th, 2020.