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Capstead Mortgage (Capstead Mortgage) Owner Earnings per Share (TTM) : 0.00 (As of Dec. 2020)


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What is Capstead Mortgage Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Capstead Mortgage does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Capstead Mortgage's Owner Earnings per Share (TTM) or its related term are showing as below:



CMO's Price-to-Owner-Earnings is not ranked *
in the REITs industry.
Industry Median: 14.325
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Capstead Mortgage's Earnings per Share (Diluted) for the three months ended in Jun. 2021 was $0.11. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2021 was $0.70. It's PE Ratio ratio for today is 9.29.

Capstead Mortgage's EPS without NRI for the three months ended in Jun. 2021 was $0.11. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2021 was $0.70. It's PE Ratio without NRI ratio for today is 9.29.


Capstead Mortgage Owner Earnings per Share (TTM) Historical Data

The historical data trend for Capstead Mortgage's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Capstead Mortgage Owner Earnings per Share (TTM) Chart

Capstead Mortgage Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Owner Earnings per Share (TTM)
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Capstead Mortgage Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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Competitive Comparison of Capstead Mortgage's Owner Earnings per Share (TTM)

For the REIT - Mortgage subindustry, Capstead Mortgage's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Capstead Mortgage's Price-to-Owner-Earnings Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Capstead Mortgage's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Capstead Mortgage's Price-to-Owner-Earnings falls into.



Capstead Mortgage Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Capstead Mortgage does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Capstead Mortgage Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Capstead Mortgage's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Capstead Mortgage (Capstead Mortgage) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8401 North Central Expressway, Suite 800, Dallas, TX, USA, 75225-4404
Capstead Mortgage Corp is a self-managed real estate investment trust for federal income tax purposes. The company earns income from investing in a leveraged portfolio of residential adjustable-rate mortgage pass-through securities, issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.
Executives
Patsy Joseph Augustine director 8401 N CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
Michelle P Goolsby director 1225 SEVENTEENTH STREET, SUITE 1000, DENVER CO 80202
Mark S Whiting director C/O TRINET CORPORATE REALTY TRUST INC, FOUR EMBARCADERO CENTER #3150, SAN FRANCISCO CA 94111
Christopher W Mahowald director OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY STE. 350, ANN ARBOR MI 48108
Michael G Oneil director 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Gary Keiser director 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Jack Biegler director 8401 NORTH CENTRAL EXPRESSWAY, SUITE 800, DALLAS TX 75225
John L Bernard director 2815 BRODERICK STREET, SAN FRANCISCO CA 94123
Phillip A Reinsch director, officer: President & CEO 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Lance Phillips officer: Chief Financial Officer 1807 ROSS AVE., 4TH FLOOR, DALLAS TX 75201
Roy Kim officer: Senior Vice President 5929 GLENDORA AVE, DALLAS TX 75230
Spears Robert R Jr officer: EVP & CIO 8401 N CENTRAL EXPRESSWAY STE 800, DALLAS TX 75225
Andrew F Jacobs officer: CEO & President 8401 N CENTRAL EXPRESSWAY STE 800, DALLAS TX 75225
Mike Brown officer: Senior VP 8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Paul M Low other: Retired Director

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