(NLY) Annaly Capital Management - Overview
Sector: Real Estate | Industry: REIT - Mortgage | Exchange: NYSE (USA) | Market Cap: 15.850m USD | Total Return: 30.5% in 12m
Avg Turnover: 113M
EPS Trend: -29.9%
Qual. Beats: 1
Rev. Trend: 87.6%
Qual. Beats: 0
Warnings
Share dilution 23.1% YoY
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Annaly Capital Management, Inc. (NLY) is a New York-based real estate investment trust (REIT) specializing in residential mortgage finance. The firm manages a diverse portfolio including agency mortgage-backed securities (MBS), non-agency residential loans, mortgage servicing rights (MSR), and credit risk transfer securities. By operating as a REIT, the company is required by law to distribute at least 90% of its taxable income to shareholders to maintain its tax-exempt status at the corporate level.
The companys business model primarily focuses on the spread between the interest income earned on its mortgage assets and the borrowing costs incurred to finance those investments. As a major player in the Mortgage REIT sector, Annaly is sensitive to interest rate fluctuations and the shape of the yield curve, which impact both asset valuations and financing expenses. For a deeper look into these valuation drivers, consider exploring the data on ValueRay.
- Federal Reserve interest rate pivots impact net interest margin and book value
- Mortgage servicing rights valuation fluctuates based on prepayment speeds and rates
- Agency mortgage-backed securities spreads tighten or widen relative to Treasury yields
- Leverage ratios and financing costs determine dividend sustainability for REIT status
- Residential credit market volatility affects non-agency loan and securitized product pricing
| Net Income: 2.19b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -1.83 > 1.0 |
| NWC/Revenue: -1.20k% < 20% (prev -1.06k%; Δ -147.0% < -1%) |
| CFO/TA -0.00 > 3% & CFO -552.3m > Net Income 2.19b |
| Net Debt (115b) to EBITDA (7.21b): 15.95 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (724.4m) vs 12m ago 23.10% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 5.61% > 50% (prev 6.02%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: 1.44 > 6 (EBITDA TTM 7.21b / Interest Expense TTM 5.00b) |
| A: -0.59 (Total Current Assets 2.72b - Total Current Liabilities 85.1b) / Total Assets 139b |
| B: -0.10 (Retained Earnings -13.4b / Total Assets 139b) |
| C: 0.06 (EBIT TTM 7.19b / Avg Total Assets 122b) |
| D: -0.11 (Book Value of Equity -14.0b / Total Liabilities 122b) |
| Altman-Z'' = -3.94 = D |
| DSRI: 0.89 (Receivables 806.5m/836.9m, Revenue 6.84b/6.33b) |
| GMI: 1.00 (GM 99.22% / 99.17%) |
| AQI: 0.99 (AQ_t 0.98 / AQ_t-1 0.99) |
| SGI: 1.08 (Revenue 6.84b / 6.33b) |
| TATA: 0.02 (NI 2.19b - CFO -552.3m) / TA 139b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of May 28, 2026, the stock is trading at USD 21.66 with a total of 7,012,956 shares traded.
Over the past week, the price has changed by +1.79%,
over one month by -5.17%,
over three months by -3.63% and
over the past year by +30.49%.
Annaly Capital Management has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy NLY.
- StrongBuy: 5
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 24.3 | 12% |
P/E Trailing = 6.9774
P/E Forward = 6.6934
P/S = 6.3373
P/B = 1.0917
P/EG = 32.0303
Revenue TTM = 6.84b USD
EBIT TTM = 7.19b USD
EBITDA TTM = 7.21b USD
Long Term Debt = 33.2b USD (from longTermDebt, last quarter)
Short Term Debt = 85.1b USD (from shortTermDebt, last quarter)
Debt = 117b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 115b USD (calculated: Debt 117b - CCE 1.91b)
Enterprise Value = 131b USD (15.8b + Debt 117b - CCE 1.91b)
Interest Coverage Ratio = 1.44 (Ebit TTM 7.19b / Interest Expense TTM 5.00b)
EV/FCF = -82.76x (Enterprise Value 131b / FCF TTM -1.58b)
FCF Yield = -1.21% (FCF TTM -1.58b / Enterprise Value 131b)
FCF Margin = -23.12% (FCF TTM -1.58b / Revenue TTM 6.84b)
Net Margin = 31.96% (Net Income TTM 2.19b / Revenue TTM 6.84b)
Gross Margin = unknown ((Revenue TTM 6.84b - Cost of Revenue TTM 53.0m) / Revenue TTM)
Tobins Q-Ratio = 0.94 (Enterprise Value 131b / Total Assets 139b)
Interest Expense / Debt = 4.28% (Interest Expense 5.00b / Debt 117b)
Taxrate = 21.0% (US default 21%)
NOPAT = 5.68b (EBIT 7.19b * (1 - 21.00%))
Current Ratio = 0.03 (Total Current Assets 2.72b / Total Current Liabilities 85.1b)
Debt / Equity = 7.18 (Debt 117b / totalStockholderEquity, last quarter 16.3b)
Debt / EBITDA = 15.95 (Net Debt 115b / EBITDA 7.21b)
Debt / FCF = -72.74 (negative FCF - burning cash) (Net Debt 115b / FCF TTM -1.58b)
Total Stockholder Equity = 15.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.79% (Net Income 2.19b / Total Assets 139b)
RoE = 7.64% (Net Income TTM 2.19b / Total Stockholder Equity 28.6b)
RoCE = 11.64% (EBIT 7.19b / Capital Employed (Equity 28.6b + L.T.Debt 33.2b))
RoIC = 4.10% (NOPAT 5.68b / Invested Capital 139b)
WACC = 3.95% (E(15.8b)/V(133b) * Re(8.21%) + D(117b)/V(133b) * Rd(4.28%) * (1-Tc(0.21)))
Discount Rate = 8.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 17.92%
[DCF] Fair Price = unknown (Cash Flow -1.58b)
EPS Correlation: -29.90 | EPS CAGR: -2.49% | SUE: 1.57 | # QB: 1
Revenue Correlation: 87.63 | Revenue CAGR: 7.64% | SUE: 0.54 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.75 | Chg30d=+1.38% | Revisions=+0% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.75 | Chg30d=+2.59% | Revisions=+25% | Analysts=10
EPS current Year (2026-12-31): EPS=3.00 | Chg30d=+1.70% | Revisions=+11% | GrowthEPS=+2.9% | GrowthRev=+86.2%
EPS next Year (2027-12-31): EPS=2.98 | Chg30d=+1.20% | Revisions=-11% | GrowthEPS=-0.9% | GrowthRev=+9.4%
[Analyst] Revisions Ratio: +25%