Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
Impac Mortgage Holdings, Inc. is a financial institution specializing in residential mortgage lending across the United States. The company's operations are divided into three primary segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. Within the Mortgage Lending segment, the company extends a comprehensive array of home financing products to consumers. These offerings, delivered primarily through a broker fulfillment model, include conventional loans, government-backed options, and alternative credit solutions. The Real Estate Services segment is tasked with master servicing activities and provides crucial loss mitigation services, primarily supporting the company's securitized long-term mortgage portfolio. Finally, the Long-Term Mortgage Portfolio segment functions as the master servicer for specific mortgage securitizations, including collateralized mortgage obligations (CMOs) and real estate mortgage investment conduits (REMICs). Impac Mortgage Holdings, Inc. was established in 1995 and maintains its corporate headquarters in Newport Beach, California.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITD.