Loandepot, Inc.

Finance
Finance: Consumer Services
www.loandepot.com

Earnings Score
Moat Score
Safety Score

Market Cap $411.84M
PE -2
Debt $1.96B
Cash $578.64M
EV $1.79B
FCF -$1.14B

Earnings

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Sales & Net Margins

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Earnings	-$194.45M
EBIT	-$232.67M
ROE	-33%
ROA	-4%
FCF	-$1.14B
Equity	$592.05M
Growth Stability	-2K%
PE	-2.12
PEG	-5.93
PB	0.7
P/FCF	-0.36
P/S	0.4
Price/Cash	1.41
Debt/Equity	3.31
Debt/FCF	-1.72
Net Margins	-17%
Op. Margins	-23%
Earnings CAGR	0%
Sales Growth YoY	18%
Sales Growth QoQ	19%
Sales CAGR	-41%
FCF CAGR	-4%
Equity CAGR	-14%
Earnings Stability	-0.72
Earnings Growth YoY	-108%
Earnings Growth QoQ	-104%

Earnings CAGR 5Y	0%
Sales CAGR 5Y	-41%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	-14%
Earnings CAGR 3Y	-38%
Sales CAGR 3Y	-38%
FCF CAGR 3Y	-16%
Equity CAGR 3Y	-31%
Market Cap	$411.84M
Revenue	$1.03B
Dividend Yield	1%
Payout Ratio	-2%
Assets	$6.42B
Total Debt	$1.96B
Cash	$578.64M
Shares Outstanding	183.04M
EV	1.79B
Earnings Score	6%
Moat Score	5%
Safety Score	24%
Final Score	11%
Shares Growth 3y	13%
Equity Growth QoQ	2%
Equity Growth YoY	-23%

Assets & ROA

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Stockholders Equity & ROE

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loanDepot Inc provides nonbank consumer lending solutions for individuals in the United States. It offers personal, residential home, home refinancing, mortgage and home equity loans. It also provides online mortgage loans for refinancing and home purchases. It serves customers through distribution channels, including consumer direct centres, retail branches, wholesale centres, and consumer finance and servicing centres in the United States. It competes with commercial banks and financial institutions. The Company is subject to governmental laws and regulations.

SEC Filings

Direct access to Loandepot, Inc. (LDI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Loandepot, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Loandepot, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability -72%

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Loandepot, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Loandepot, Inc..

Years

Calculation mode

= -$8.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.1B	-$1.1B	-$1B	-$999M	-$957M	-$917M	-$878M	-$842M	-$807M	-$773M	-$740M	-$7.4B
DCF		-$989M	-$861M	-$750M	-$654M	-$569M	-$496M	-$432M	-$376M	-$328M	-$285M	-$2.9B
Value	-$8.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	0%	0%	3%	-49%	-24%	-17%
ROA	-	19%	6%	-10%	-5%	-4%
ROE	-	0%	7%	-66%	-33%	-33%

Bad Net Margins (-16.78%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-0.35	-1.07	0.52	-11.67	-1.72
Debt over Equity	-	0.43	1	2.48	3.23	3.31
Growth Stability	-	-	-	-2K%	-	-2K%

Good Debt/FCF ratio (-1.72)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Bad Debt/Equity ratio (3.31)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-2K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	222%	-14%	-66%	-22%	-41%
Earnings YoY growth	-	-	-	-638%	-61%	0%
Equity YoY growth	-	341%	-2%	-43%	-24%	-14%
FCF YoY growth	-	37%	-26%	-391%	-104%	-4%