TWO - Two Harbors Investment Corp.
NYSE
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REIT—Mortgage
Minnetonka,
United States
Type: Equity
TWO price evolution
TWO
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $794.83 | $1044.96 | $1021.68 | $825.56 |
| Short term investments | ||||
| Net receivables | $358.56 | $315.47 | $248.61 | $317.9 |
| Inventory | ||||
| Total current assets | $1088.3 | $998.69 | $987.39 | $1066.94 |
| Long term investments | ||||
| Property, plant & equipment | ||||
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | $11748.55 | $12347.2 | $12542.92 | $12583.19 |
| Total assets | $13138.8 | $13916.73 | $14010 | $13940.29 |
| Current liabilities | ||||
| Accounts payable | $574.74 | $312.25 | $267.05 | $347.34 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $8795.45 | $9571.9 | $9511.05 | $9577.71 |
| Long term debt | $1893.02 | $1973.88 | $2121.86 | $1974 |
| Total noncurrent liabilities | ||||
| Total debt | $9913.23 | $11087.15 | $11189.69 | $11058.71 |
| Total liabilities | $10935.41 | $11799.5 | $11793.99 | $11694.61 |
| Shareholders' equity | ||||
| Retained earnings | -$4159.85 | -$3668.44 | -$3918.95 | -$4063.18 |
| Other shareholder equity | -$176.43 | -$660.01 | -$309.09 | -$152.78 |
| Total shareholder equity | $2203.39 | $2117.23 | $2216.01 | $2245.68 |
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $794.83 | $1126.51 | $2088.67 | $2646.43 |
| Short term investments | $91.53 | |||
| Net receivables | $358.56 | $289.39 | $168.45 | $146.43 |
| Inventory | ||||
| Total current assets | $1088.3 | $972.87 | $1348.57 | $3108.4 |
| Long term investments | $17.7 | |||
| Property, plant & equipment | ||||
| Goodwill & intangible assets | ||||
| Total noncurrent assets | ||||
| Total investments | $11748.55 | $11857.04 | $9568.1 | $1783.62 |
| Total assets | $13138.8 | $13466.16 | $12114.31 | $19515.92 |
| Current liabilities | ||||
| Accounts payable | $574.74 | $541.71 | $196.63 | $135.84 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $8795.45 | $9303.26 | $7943.87 | $15303.85 |
| Long term debt | $1893.02 | $1799.34 | $1242.36 | $570.01 |
| Total noncurrent liabilities | ||||
| Total debt | $9913.23 | $10402.35 | $8898.81 | $16109.52 |
| Total liabilities | $10935.41 | $11282.64 | $9370.35 | $16426.99 |
| Shareholders' equity | ||||
| Retained earnings | -$4159.85 | -$3815.63 | -$3773.56 | -$3696.71 |
| Other shareholder equity | -$176.43 | -$278.71 | $186.35 | $641.6 |
| Total shareholder equity | $2203.39 | $2183.53 | $2743.95 | $3088.93 |
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | -$237.09 | $446.55 | $304.97 | -$101.89 |
| Cost of revenue | ||||
| Gross Profit | -$417.2 | $446.55 | $304.97 | -$101.89 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $24.6 | $20.75 | $24.57 | |
| Total operating expenses | $45.26 | $54.5 | $45.94 | $52.93 |
| Operating income | $392.04 | $259.02 | -$154.82 | |
| Income from continuing operations | ||||
| EBIT | $342.56 | $217.22 | -$180.72 | |
| Income tax expense | -$29.26 | $36.37 | $19.78 | -$3.91 |
| Interest expense | ||||
| Net income | ||||
| Net income | -$444.69 | $306.19 | $197.44 | -$176.81 |
| Income (for common shares) | $294.08 | $187.78 | -$189.17 | |
| (in millions $) | 31 Jan 2024 | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $770.5 | $501.3 | -$1467.76 | |
| Cost of revenue | ||||
| Gross Profit | $31.79 | $501.3 | -$1467.76 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $82.73 | $98.09 | ||
| Total operating expenses | $115.18 | $176.85 | $198.06 | |
| Operating income | $324.45 | -$1665.82 | ||
| Income from continuing operations | ||||
| EBIT | $324.45 | -$1665.82 | ||
| Income tax expense | $22.98 | $104.21 | -$35.69 | |
| Interest expense | $281.25 | |||
| Net income | ||||
| Net income | -$152 | $220.24 | -$1630.13 | |
| Income (for common shares) | $186.78 | -$1705.94 | ||
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | -$433.2 | $306.19 | $197.44 | -$176.81 |
| Operating activities | ||||
| Depreciation | ||||
| Business acquisitions & disposals | $26.8 | |||
| Stock-based compensation | $1.61 | $1.58 | $1.74 | $6.05 |
| Total cash flows from operations | $109.74 | $122.33 | $111.32 | $0.12 |
| Investing activities | ||||
| Capital expenditures | ||||
| Investments | $534.23 | -$76.5 | $230.71 | -$695.5 |
| Total cash flows from investing | $777.47 | $56.84 | $39.89 | -$1069.98 |
| Financing activities | ||||
| Dividends paid | -$43.56 | -$43.56 | -$58.38 | -$52.14 |
| Sale and purchase of stock | $97.75 | $0.05 | -$6.91 | $177.73 |
| Net borrowings | -$1174.56 | -$100.27 | $132.53 | $655.7 |
| Total cash flows from financing | -$1137.34 | -$155.9 | $44.91 | $768.93 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$250.13 | $23.28 | $196.12 | -$300.94 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$106.37 | $220.24 | $187.23 | -$1630.13 |
| Operating activities | ||||
| Depreciation | ||||
| Business acquisitions & disposals | $26.8 | |||
| Stock-based compensation | $10.98 | $11.63 | $11.48 | $9.73 |
| Total cash flows from operations | $343.51 | $623.4 | $423.51 | $631.6 |
| Investing activities | ||||
| Capital expenditures | ||||
| Investments | -$7.06 | -$2381.63 | $7007.32 | $15472.68 |
| Total cash flows from investing | -$195.78 | -$2751.28 | $6313.94 | $14903.72 |
| Financing activities | ||||
| Dividends paid | -$197.64 | -$235.37 | -$193.49 | -$199.49 |
| Sale and purchase of stock | $268.62 | $6.61 | $450.6 | -$0.69 |
| Net borrowings | -$486.6 | $1500.86 | -$7213.71 | -$14229.74 |
| Total cash flows from financing | -$479.4 | $1165.71 | -$7295.21 | -$14505.72 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$331.67 | -$962.16 | -$557.76 | $1029.61 |
News
Fundamentals
| Market cap | $1.20B |
|---|---|
| Enterprise value | $10.32B |
| Shares outstanding | 103.21M |
| Revenue | $412.54M |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | -$117.86M |
| Revenue Q/Q | 11.04% |
| Revenue Y/Y | -17.71% |
| P/E ratio | -10.20 |
|---|---|
| EV/Sales | 25.02 |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 2.91 |
| P/B ratio | 0.51 |
| Book/Share | 23.06 |
| Cash/Share | 7.70 |
| EPS | -$1.14 |
|---|---|
| ROA | -0.86% |
| ROE | -5.37% |
| Debt/Equity | 4.96 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | 0.12 |
| Quick ratio | 0.12 |