VEL - Velocity Financial Inc Stock Price, Fair Value and News

18.20USD+0.42 (+2.36%)Market Closed

Market Summary

USD18.20+0.42

Market Closed

2.36%

VEL Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

VEL Stock Price

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VEL RSI Chart

VEL Valuation

Market Cap

600.3M

Price/Earnings (Trailing)

10.2

Price/Sales (Trailing)

1.81

EV/EBITDA

2.93

Price/Free Cashflow

8.44

VEL Price/Sales (Trailing)

VEL Profitability

EBT Margin

24.07%

Return on Equity

12.9%

Return on Assets

1.27%

Free Cashflow Yield

11.86%

VEL Fundamentals

VEL Revenue

Revenue (TTM)

330.8M

Rev. Growth (Yr)

28.37%

Rev. Growth (Qtr)

4.94%

VEL Earnings

Earnings (TTM)

58.9M

Earnings Growth (Yr)

62%

Earnings Growth (Qtr)

-0.6%

Breaking Down VEL Revenue

Last 7 days

-0.9%

Last 30 days

13.0%

Last 90 days

14.2%

Trailing 12 Months

101.1%

How does VEL drawdown profile look like?

VEL Financial Health

VEL Investor Care

Shares Dilution (1Y)

1.18%

Diluted EPS (TTM)

1.7

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	330.8M	0	0	0
2023	258.8M	274.5M	290.1M	310.8M
2022	193.3M	207.6M	224.1M	240.3M
2021	163.4M	168.6M	174.2M	182.0M
2020	166.0M	168.9M	169.9M	167.3M
2019	132.9M	141.1M	149.3M	157.5M
2018	0	0	0	124.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Velocity Financial Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 14, 2024	kelly roland thomas	sold (taxes)	-19,260	16.01	-1,203	chief legal officer and gc
Feb 14, 2024	taylor jeffrey t.	sold (taxes)	-45,772	16.01	-2,859	executive vp, capital markets
Feb 14, 2024	tam fiona	sold (taxes)	-9,205	16.01	-575	chief accounting officer
Feb 14, 2024	szczepaniak mark r	sold (taxes)	-42,794	16.01	-2,673	chief financial officer
Jan 23, 2024	szczepaniak mark r	acquired	383,891	15.86	24,205	chief financial officer
Jan 23, 2024	kelly roland thomas	acquired	187,687	15.86	11,834	chief legal officer and gc
Jan 23, 2024	tam fiona	acquired	59,998	15.86	3,783	chief accounting officer
Jan 23, 2024	taylor jeffrey t.	acquired	354,360	15.86	22,343	executive vp, capital markets

Which funds bought or sold VEL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-263,983	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.93	-8,974	15,840	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	95.19	11,555	22,662	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-33.56	-135,798	308,754	-%
May 15, 2024	ADAGE CAPITAL PARTNERS GP, L.L.C.	reduced	-3.21	237,237	20,515,700	0.04%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	3.43	376,801	5,022,770	0.10%
May 15, 2024	Royal Bank of Canada	reduced	-34.14	-45,000	101,000	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-65.47	-372,209	210,240	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	63,738	63,738	-%
May 15, 2024	STATE STREET CORP	reduced	-0.88	106,924	3,066,730	-%

Are Funds Buying or Selling VEL?

Are funds buying VEL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own VEL

No. of Funds

Unveiling Velocity Financial Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	beach point capital management lp	16.2%	5,307,835	SC 13G/A
Jul 14, 2023	pacific investment management co llc	38.8%	10,963,806	SC 13D/A
Feb 09, 2023	beach point capital management lp	12.2%	3,954,444	SC 13G/A
Jun 08, 2022	beach point capital management lp	10.06%	3,258,675	SC 13G/A
Feb 08, 2022	beach point capital management lp	8.99%	2,903,376	SC 13G/A
Feb 04, 2022	wellington trust company, national association multiple common trust funds trust, micro cap equity p	1.55%	501,536	SC 13G/A
Feb 04, 2022	wellington trust co n a	1.80%	582,792	SC 13G/A
Feb 04, 2022	wellington management group llp	1.80%	582,792	SC 13G/A
Oct 12, 2021	spg gp, llc	50.2%	13,611,931	SC 13D/A
Oct 12, 2021	pacific investment management co llc	37.2%	10,963,806	SC 13D/A

Recent SEC filings of Velocity Financial Inc

View All Filings

Date Filed	Form Type	Document
May 14, 2024	EFFECT	EFFECT
May 10, 2024	S-3/A	S-3/A
May 03, 2024	10-Q	Quarterly Report
May 03, 2024	424B5	Prospectus Filed
May 03, 2024	8-K	Current Report
May 03, 2024	8-K	Current Report
May 03, 2024	8-K	Current Report
May 02, 2024	S-3	S-3
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	ARS	ARS

Peers (Alternatives to Velocity Financial Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	150.8B	67.8B	15.79%	41.90%	16.02	2.22	66.36%	-10.82%
ICE	79.4B	9.7B	5.89%	27.54%	32.02	8.17	0.75%	71.75%
CME	76.5B	5.7B	2.20%	17.16%	23.72	13.5	-1.46%	19.89%
COIN	50.4B	4.0B	-2.83%	244.72%	37.36	12.69	41.89%	159.36%
FDS	17.1B	2.2B	4.56%	14.05%	34.96	7.94	7.26%	9.28%
IBKR	13.3B	6.1B	13.36%	63.50%	4.56	2.18	64.44%	33.59%
MID-CAP
JEF	10.0B	8.2B	14.98%	55.53%	34.69	1.22	17.04%	-68.59%
HLI	8.6B	1.8B	9.27%	51.05%	33.31	4.69	0.16%	-0.33%
EVR	7.8B	2.5B	9.73%	87.02%	30.35	3.19	-6.73%	-35.85%
FRHC	4.4B	1.4B	13.91%	-9.89%	13.26	3.18	96.15%	398.80%
CLSK	3.7B	283.6M	7.37%	280.52%	57.45	12.87	122.34%	153.34%
SMALL-CAP
DFIN	1.9B	802.0M	5.79%	40.55%	18.98	2.36	-2.34%	8.49%
AMRK	887.2M	10.3B	5.41%	4.50%	11.13	0.09	24.66%	-47.53%
COHN	21.0M	92.7M	71.65%	67.62%	3.38	0.23	72.05%	185.64%
AAMC	7.0M	3.2M	-14.60%	-97.24%	-0.22	2.22	-44.67%	-114.57%

Velocity Financial Inc News

Latest updates

Velocity Financial Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	4.9%	91.00	86.00	79.00	75.00	71.00	66.00	63.00	59.00	52.00	49.00	47.00	45.00	41.00	42.00	41.00	40.00	45.00	44.00	40.00	37.00	36.00
EBITDA Margin	1.1%	0.58*	0.58*	0.55*	0.56*	0.59*	0.53*	0.57*	0.59*	0.60*	0.64*	0.66*	0.61*	-	-	-	-	-	-	-	-	-
Interest Expenses	-4.1%	29.00	31.00	27.00	25.00	24.00	21.00	25.00	26.00	11.00	21.00	22.00	20.00	13.00	18.00	17.00	17.00	15.00	17.00	15.00	13.00	14.00
Income Taxes	14.8%	6.00	5.00	5.00	5.00	4.00	3.00	4.00	4.00	1.00	3.00	3.00	3.00	1.00	2.00	2.00	0.00	1.00	3.00	2.00	1.00	2.00
Earnings Before Taxes	4.2%	23.00	22.00	17.00	17.00	15.00	12.00	14.00	15.00	4.00	11.00	11.00	13.00	5.00	12.00	5.00	3.00	4.00	8.00	6.00	5.00	7.00
EBT Margin	5.2%	0.24*	0.23*	0.21*	0.21*	0.21*	0.19*	0.20*	0.20*	0.20*	0.22*	0.23*	0.20*	-	-	-	-	-	-	-	-	-
Net Income	-0.6%	17.00	17.00	12.00	12.00	11.00	8.00	10.00	11.00	3.00	8.00	8.00	9.00	3.00	10.00	3.00	2.00	3.00	5.00	4.00	4.00	5.00
Net Income Margin	5.8%	0.18*	0.17*	0.15*	0.15*	0.15*	0.13*	0.14*	0.15*	0.15*	0.16*	0.17*	0.15*	-	-	-	-	-	-	-	-	-
Free Cashflow	-59.5%	11.00	26.00	-9.78	44.00	-11.98	40.00	-4.50	1.00	12.00	18.00	19.00	10.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	5.1%	4,628	4,405	4,117	3,951	3,837	3,749	3,647	3,333	3,110	2,812	2,457	2,268	2,165	2,103	2,127	2,187	2,257	2,215
Cash Equivalents	-14.1%	35.00	41.00	29.00	34.00	39.00	45.00	26.00	46.00	37.00	36.00	35.00	28.00	20.00	13.00	19.00	10.00	8.00	21.00
Net PPE	-27.7%	2.00	3.00	3.00	3.00	3.00	3.00	3.00	4.00	4.00	4.00	3.00	4.00	4.00	4.00	4.00	5.00	5.00	5.00
Goodwill	0%	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	-	-	-	-	-	-	-	-
Liabilities	5.1%	4,172	3,968	3,697	3,546	3,446	3,368	3,277	2,973	2,762	2,468	2,125	1,944	1,851	1,793	1,827	1,891	2,007	2,062
Shareholder's Equity	5.3%	456	433	416	405	391	377	371	360	348	344	242	233	223	220	210	206	250	153
Retained Earnings	13.4%	146	129	112	99.00	87.00	77.00	68.00	58.00	48.00	44.00	36.00	28.00	19.00	15.00	6.00	2.00	2.00	-
Additional Paid-In Capital	0.5%	308	307	305	303	301	300	299	298	297	296	206	205	205	204	204	204	248	-
Shares Outstanding	0.4%	33.00	33.00	33.00	33.00	33.00	32.00	32.00	32.00	32.00	23.00	20.00	20.00	-	-	-	-	-	-
Minority Interest	2.4%	4.00	3.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	101	-	-	-	94.00	-	-	-	106	-	-	-	32,985,877	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-59.6%	10,581	26,159	-9,753	44,357	-11,928	40,018	-4,444	1,264	11,836	18,048	18,678	10,472	10,424	17,528	13,624	22,374	1,366	-28,143	-86,398	-30,409	39,614
Share Based Compensation	48.5%	1,371	923	1,179	1,026	1,000	933	931	810	669	564	565	545	485	253	252	253	207	-	-	-	-
Cashflow From Investing	5.1%	-212,444	-223,942	-148,181	-141,031	-71,578	-89,173	-311,186	-214,221	-293,658	-340,188	-176,651	-85,988	-53,656	14,400	70,635	54,768	-52,064	-86,900	-91,085	-75,997	-51,952
Cashflow From Financing	-6.4%	198,981	212,614	154,257	91,414	77,483	70,306	301,068	220,958	281,684	324,661	167,394	83,936	50,181	-38,666	-73,766	-72,736	35,278	130,594	173,837	103,119	14,595
Buy Backs	5250.0%	1,284	24.00	-	1.00	836	-	-	-	458	-	-	-	-	-	-	-	-	-	-	-	-

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VEL Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Interest income	$ 90,529	$ 70,521
Interest expense — portfolio related	55,675	42,029
Net interest income — portfolio related	34,854	28,492
Interest expense — corporate debt	5,380	4,139
Net interest income	29,474	24,353
Provision for loan losses	1,002	636
Net interest income after provision for loan losses	28,472	23,717
Other operating income
Gain on disposition of loans	1,699	1,913
Unrealized gain on fair value loans	18,925	7,354
Unrealized gain (loss) on mortgage servicing rights	444	(95)
Unrealized loss on fair value securitized debt	(2,318)	(170)
Origination fee income	4,986	2,411
Interest income on cash balance	1,631	948
Other income	408	481
Total other operating income	25,775	12,842
Operating expenses
Compensation and employee benefits	15,357	10,008
Origination expenses (income)	646	(50)
Securitization expenses	2,874	2,584
Loan servicing	4,824	3,828
Professional fees	2,115	955
Rent and occupancy	498	446
Real estate owned, net	2,455	1,829
Other operating expenses	2,242	2,202
Total operating expenses	31,011	21,802
Income before income taxes	23,236	14,757
Income tax expense	5,903	4,021
Net income	17,333	10,736
Net income attributable to noncontrolling interest	82	87
Net income attributable to Velocity Financial, Inc.	17,251	10,649
Less undistributed earnings attributable to unvested restricted stock awards	217	160
Net earnings attributable to common shareholders	$ 17,034	$ 10,489
Earnings per common share
Basic	$ 0.52	$ 0.33
Diluted	$ 0.49	$ 0.31
Weighted average common shares outstanding
Basic	32,541	32,098
Diluted	35,439	34,052

VEL Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 34,829	$ 40,566
Restricted cash	24,216	21,361
Loans held for sale, at fair value		17,590
Loans held for investment, net	2,727,518	2,828,123
Loans held for investment, at fair value	1,649,540	1,306,072
Total loans, net	4,377,058	4,151,785
Accrued interest receivables	29,374	27,028
Receivables due from servicers	87,523	85,077
Other receivables	2,113	8,763
Real estate owned, net	46,280	44,268
Property and equipment, net	2,013	2,785
Deferred tax asset	1,580	2,339
Mortgage servicing rights, at fair value	9,022	8,578
Derivative assets	1,967
Goodwill	6,775	6,775
Other assets	5,468	5,248
Total assets	4,628,218	4,404,573
LIABILITIES
Accounts payable and accrued expenses	123,988	121,969
Secured financing, net	283,813	211,083
Securitized debt, net	2,329,906	2,418,811
Securitized debt, at fair value	1,073,843	877,417
Warehouse and repurchase facilities, net	360,216	334,755
Derivative liability		3,665
Total liabilities	4,171,766	3,967,700
Commitments and contingencies
EQUITY
Common stock ($0.01 par value, 100,000,000 shares authorized; 33,186,464 and 32,987,248 shares issued, 32,985,794 and 32,865,836 shares outstanding as of March 31, 2024 and December 31, 2023, respectively)	334	331
Additional paid-in capital	308,259	306,736
Retained earnings	146,157	128,906
Treasury stock, at cost (200,670 and 121,412 common shares as of March 31, 2024 and December 31, 2023, respectively)	(2,603)	(1,319)
Accumulated other comprehensive income (loss)	794	(1,210)
Total Velocity Financial Inc. stockholders' equity	452,941	433,444
Noncontrolling interest in subsidiary	3,511	3,429
Total equity	456,452	436,873
Total liabilities and equity	$ 4,628,218	$ 4,404,573

About Velocity Financial Inc

Velocity Financial, Inc. operates as a real estate finance company in the United States. The company originates and acquire loans, which is secured by mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. It also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. The company offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

CEO	Mr. Christopher D. Farrar
WEBSITE	velfinance.com
INDUSTRY	Mortgage Finance
EMPLOYEES	194

Velocity Financial Inc Frequently Asked Questions

What is the ticker symbol for Velocity Financial Inc? What does VEL stand for in stocks?

VEL is the stock ticker symbol of Velocity Financial Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Velocity Financial Inc (VEL)?

As of Fri May 17 2024, market cap of Velocity Financial Inc is 600.34 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of VEL stock?

You can check VEL's fair value in chart for subscribers.

What is the fair value of VEL stock?

You can check VEL's fair value in chart for subscribers. The fair value of Velocity Financial Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Velocity Financial Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for VEL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Velocity Financial Inc a good stock to buy?

The fair value guage provides a quick view whether VEL is over valued or under valued. Whether Velocity Financial Inc is cheap or expensive depends on the assumptions which impact Velocity Financial Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for VEL.

What is Velocity Financial Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, VEL's PE ratio (Price to Earnings) is 10.2 and Price to Sales (PS) ratio is 1.81. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. VEL PE ratio will change depending on the future growth rate expectations of investors.