Velocity Financial Llc
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- Market Cap.:
- $399.72 million
- Book Value:
- Revenue TTM:
- $104.10 million
- Operating Margin TTM:
- Gross Profit TTM:
- $76.81 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Velocity Financial Llc had its IPO on 2020-01-17 under the ticker symbol VEL.
The company operates in the Financial Services sector and Mortgage Finance industry. Velocity Financial Llc has a staff strength of 194 employees.
Shares of Velocity Financial Llc opened at $16.73 at the start of the last trading session i.e. 2023-09-13.
The stocks traded within a range of $16.05 - $16.74, and closed at $16.74.
This is a 0% increase from the previous day's closing price.
A total volume of 1,324 shares were traded at the close of the day’s session.
In the last one week, shares of Velocity Financial Llc have slipped by -0.42%.
Velocity Financial Llc's Key Ratios
Velocity Financial Llc has a market cap of $399.72 million, indicating a price to book ratio of 0.8554 and a price to sales ratio of 3.4361.
In the last 12-months Velocity Financial Llc’s revenue was $104.10 million with a gross profit of $76.81 million and an EBITDA of $0. The EBITDA ratio measures Velocity Financial Llc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Velocity Financial Llc’s operating margin was 55.06% while its return on assets stood at 1.14% with a return of equity of 10.85%.
In Q2, Velocity Financial Llc’s quarterly earnings growth was a positive 14.2% while revenue growth was a positive 6.4%.
Velocity Financial Llc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $1.19 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Velocity Financial Llc’s profitability.
Velocity Financial Llc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.4361.
Velocity Financial Llc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $3.95 billion
- Total Liabilities
- $235.75 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Velocity Financial Llc ended 2023 with $3.95 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.95 billion while shareholder equity stood at $401.71 million.
Velocity Financial Llc ended 2023 with $0 in deferred long-term liabilities, $235.75 million in other current liabilities, 329000.00 in common stock, $99.47 million in retained earnings and $6.78 million in goodwill. Its cash balance stood at $33.99 million and cash and short-term investments were $33.99 million. The company’s total short-term debt was $235,749,000 while long-term debt stood at $3.45 billion.
Velocity Financial Llc’s total current assets stands at $57.90 million while long-term investments were $3.76 billion and short-term investments were $0. Its net receivables were $87.80 million compared to accounts payable of $95.34 million and inventory worth $0.
In 2023, Velocity Financial Llc's operating cash flow was $-141031000.00 while its capital expenditure stood at $48000.
Comparatively, Velocity Financial Llc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Velocity Financial Llc stock is currently trading at $16.74 per share. It touched a 52-week high of $15.55 and a 52-week low of $15.55. Analysts tracking the stock have a 12-month average target price of $12.25.
Its 50-day moving average was $18.65 and 200-day moving average was $21.94 The short ratio stood at 15.62 indicating a short percent outstanding of 0%.
Around 232.6% of the company’s stock are held by insiders while 9703.5% are held by institutions.
Frequently Asked Questions About Velocity Financial Llc
Similar Industry Stocks (Mortgage Finance)
Velocity Financial, Inc. operates as a real estate finance company in the United States. The company originates and acquire loans, which is secured by mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. It also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. The company offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.