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10.63 (1y: +14%)
Market Cap 583.5 M P/E(ttm) 7.70
Enterprise Value 638.87 M P/B 0.90
DX- NYSE (USA)
Dynex Capital, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$10.63
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt No Debt
DX's Cash to Debt is ranked higher than
84% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.63 vs. DX: No Debt )
DX' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: No Debt
Equity to Asset 0.144
DX's Equity to Asset is ranked higher than
77% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. DX: 0.144 )
DX' s 10-Year Equity to Asset Range
Min: 0.05   Max: 0.38
Current: 0.14
0.05
0.38
Interest Coverage No Debt
DX's Interest Coverage is ranked lower than
65% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 10000.00 vs. DX: No Debt )
DX' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 0.12
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 85.10
DX's Operating margin (%) is ranked higher than
97% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 24.60 vs. DX: 85.10 )
DX' s 10-Year Operating margin (%) Range
Min: -100.1   Max: 85.1
Current: 85.1
-100.1
85.1
Net-margin (%) 85.1
DX's Net-margin (%) is ranked higher than
98% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 18.10 vs. DX: 85.1 )
DX' s 10-Year Net-margin (%) Range
Min: -291.7   Max: 85.1
Current: 85.1
-291.7
85.1
ROE (%) 12
DX's ROE (%) is ranked higher than
84% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.20 vs. DX: 12 )
DX' s 10-Year ROE (%) Range
Min: -58.5   Max: 12
Current: 12
-58.5
12
ROA (%) 1.7
DX's ROA (%) is ranked higher than
90% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.70 vs. DX: 1.7 )
DX' s 10-Year ROA (%) Range
Min: -2.9   Max: 2.5
Current: 1.7
-2.9
2.5
Revenue Growth (%) 3.3
DX's Revenue Growth (%) is ranked higher than
75% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. DX: 3.3 )
DX' s 10-Year Revenue Growth (%) Range
Min: -24.2   Max: 17.3
Current: 3.3
-24.2
17.3
EBITDA Growth (%) 32
DX's EBITDA Growth (%) is ranked higher than
94% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. DX: 32 )
DX' s 10-Year EBITDA Growth (%) Range
Min: -56.1   Max: 149.9
Current: 32
-56.1
149.9
EPS Growth (%) 7.3
DX's EPS Growth (%) is ranked higher than
72% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. DX: 7.3 )
DX' s 10-Year EPS Growth (%) Range
Min: -38.5   Max: 95.4
Current: 7.3
-38.5
95.4
» DX's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

DX Guru Trades in Q2 2012

Jim Simons 263,100 sh (+435.85%)
Steven Cohen Sold Out
» More
Q3 2012

DX Guru Trades in Q3 2012

Jim Simons 382,200 sh (+45.27%)
» More
Q4 2012

DX Guru Trades in Q4 2012

Jim Simons 353,287 sh (-7.56%)
» More
Q1 2013

DX Guru Trades in Q1 2013

Jim Simons 359,025 sh (+1.62%)
» More
» Details

Insider Trades

Latest Guru Trades with DX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2012-03-31 Sold Out 0.01%$9.09 - $9.61 $ 10.6322%0
John Keeley 2011-03-31 Add 29.22%$9.97 - $10.92 $ 10.630%41570
John Keeley 2010-12-31 Add 67.99%$10.45 - $10.99 $ 10.630%32170
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 7.70
DX's P/E(ttm) is ranked higher than
69% of the 792 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.80 vs. DX: 7.70 )
DX' s 10-Year P/E(ttm) Range
Min: 3.48   Max: 113.29
Current: 7.7
3.48
113.29
P/B 0.90
DX's P/B is ranked higher than
72% of the 876 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.94 vs. DX: 0.90 )
DX' s 10-Year P/B Range
Min: 0.02   Max: 2.83
Current: 0.9
0.02
2.83
P/S 6.32
DX's P/S is ranked higher than
73% of the 894 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.45 vs. DX: 6.32 )
DX' s 10-Year P/S Range
Min: 0.11   Max: 10.72
Current: 6.32
0.11
10.72
PFCF 3.30
DX's PFCF is ranked higher than
65% of the 694 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.90 vs. DX: 3.30 )
DX' s 10-Year PFCF Range
Min: 0.12   Max: 18.52
Current: 3.3
0.12
18.52
EV-to-EBIT 8.3
DX's EV-to-EBIT is ranked higher than
67% of the 745 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.84 vs. DX: 8.3 )
DX' s 10-Year EV-to-EBIT Range
Min: 6.8   Max: 503.1
Current: 8.3
6.8
503.1
PEG 0.3
DX's PEG is ranked lower than
86% of the 286 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.90 vs. DX: 0.3 )
DX' s 10-Year PEG Range
Min: 0.17   Max: 0.48
Current: 0.3
0.17
0.48
Shiller P/E 9.5
DX's Shiller P/E is ranked lower than
100% of the Companies
in the Global Specialty Finance industry.

( Industry Median: vs. DX: 9.5 )
DX' s 10-Year Shiller P/E Range
Min: 8.81   Max: 109
Current: 9.5
8.81
109

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 10.91
DX's Dividend Yield is ranked higher than
99% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.59 vs. DX: 10.91 )
DX' s 10-Year Dividend Yield Range
Min: 1.03   Max: 13.48
Current: 10.91
1.03
13.48
Dividend Payout 0.853
DX's Dividend Payout is ranked higher than
57% of the 575 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.30 vs. DX: 0.853 )
DX' s 10-Year Dividend Payout Range
Min: 0.57   Max: 1.06
Current: 0.85
0.57
1.06
Dividend growth (3y) 5.7
DX's Dividend growth (3y) is ranked higher than
90% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.00 vs. DX: 5.7 )
DX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 11.3
Current: 5.7
0
11.3
Yield on cost (5-Year) 19.21
DX's Yield on cost (5-Year) is ranked higher than
99% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.20 vs. DX: 19.21 )
DX' s 10-Year Yield on cost (5-Year) Range
Min: 1.82   Max: 23.76
Current: 19.21
1.82
23.76
Share Buyback Rate -32.4
DX's Share Buyback Rate is ranked lower than
96% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: -0.30 vs. DX: -32.4 )
DX' s 10-Year Share Buyback Rate Range
Min: 13.2   Max: -33.4
Current: -32.4

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 0.9
DX's Price/Tangible Book is ranked higher than
69% of the 797 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. DX: 0.9 )
DX' s 10-Year Price/Tangible Book Range
Min: 0.1   Max: 1.1
Current: 0.9
0.1
1.1
Price/DCF (Projected) 0.4
DX's Price/DCF (Projected) is ranked higher than
51% of the 503 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.60 vs. DX: 0.4 )
DX' s 10-Year Price/DCF (Projected) Range
Min: 0.2   Max: 0.8
Current: 0.4
0.2
0.8
Price/Median PS Value 1.3
DX's Price/Median PS Value is ranked higher than
71% of the 853 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. DX: 1.3 )
DX' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 2
Current: 1.3
0.1
2
Price/Peter Lynch Fair Value 0.3
DX's Price/Peter Lynch Fair Value is ranked lower than
140% of the 175 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.80 vs. DX: 0.3 )
DX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 0.3
Current: 0.3
Price/Graham Number 0.6
DX's Price/Graham Number is ranked higher than
68% of the 763 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.80 vs. DX: 0.6 )
DX' s 10-Year Price/Graham Number Range
Min: 0.4   Max: 0.7
Current: 0.6
0.4
0.7
Earnings Yield (Greenblatt) 12.10
DX's Earnings Yield (Greenblatt) is ranked higher than
87% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 5.20 vs. DX: 12.10 )
DX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 14.7
Current: 12.1
0.2
14.7
Forward Rate of Return (Yacktman) 36.66
DX's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 902 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.38 vs. DX: 36.66 )
DX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 8.5   Max: 50.6
Current: 36.66
8.5
50.6

Business Description

Dynex Capital, Inc. was incorporated in Virginia on December 18, 1987 and commenced operations in February 1988. It is a specialty finance Company organized as a real estate investment trust, or REIT, which invests in mortgage loans and securities on a leveraged basis. It invests in residential mortgage-backed securities, or MBS, issued or guaranteed by a federally chartered corporation, such as Federal National Mortgage Corporation, or Fannie Mae, or Federal Home Loan Mortgage Corporation, or Freddie Mac, or an agency of the U.S. government, such as Government National Mortgage Association, or Ginnie Mae. It has also invested in securitized residential and commercial mortgage loans, non-agency mortgage-backed securities, or non-Agency MBS, and, through a joint venture, commercial mortgage-backed securities (CMBS). All of these loans and securities, including those owned by the joint venture, consist of, or are secured by, first lien mortgages which were originated by the Company from 1992 to 1998. The Company has generally financed its investments through a combination of repurchase agreements, securitization financing, and equity capital. It employs leverage in order to increase the overall yield on its invested capital. Its primary source of income is net interest income, which is the excess of the interest income earned on its investments over the cost of financing these investments. It might occasionally sell investments prior to its maturity. The financial services industry is a highly competitive market in which the Company competes with a number of institutions with greater financial resources. In purchasing portfolio investments, it competes with other mortgage REITs, investment banking firms, savings and loan associations, commercial banks, mortgage bankers, insurance companies, federal agencies and other entities.
Company Website
SEC Reports
Industry: Specialty Finance
Compare:HKXCY, WU, ASXFY, CIT, KFN
Traded in other countries:DYT.Germany
» More Articles for DX

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