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

17.12USD-0.02 (-0.12%)Market Closed

Market Summary

USD17.12-0.02

Market Closed

-0.12%

VEL Stock Price

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VEL RSI Chart

VEL Valuation

Market Cap

564.4M

Price/Earnings (Trailing)

10.8

Price/Sales (Trailing)

1.82

EV/EBITDA

2.92

Price/Free Cashflow

11.6

VEL Price/Sales (Trailing)

VEL Profitability

EBT Margin

22.89%

Return on Equity

12.06%

Return on Assets

1.19%

Free Cashflow Yield

8.62%

VEL Fundamentals

VEL Revenue

Revenue (TTM)

310.8M

Rev. Growth (Yr)

31.44%

Rev. Growth (Qtr)

9.08%

VEL Earnings

Earnings (TTM)

52.3M

Earnings Growth (Yr)

105.09%

Earnings Growth (Qtr)

43.6%

Breaking Down VEL Revenue

Last 7 days

6.3%

Last 30 days

-2.6%

Last 90 days

6.9%

Trailing 12 Months

108.5%

How does VEL drawdown profile look like?

VEL Financial Health

VEL Investor Care

Shares Dilution (1Y)

1.04%

Diluted EPS (TTM)

1.52

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

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
Apr 23, 2024	AMALGAMATED BANK	reduced	-61.13	-8,000	5,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	new	-	80,572	80,572	-%
Apr 17, 2024	Snow Phipps Group, LLC	unchanged	-	9,572,760	220,910,000	75.94%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	1.23	2,539,040	7,218,690	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	404	1,013,470	1,164,900	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.39	25,578	74,959	-%
Feb 15, 2024	JANE STREET GROUP, LLC	reduced	-26.62	27,915	263,983	-%
Feb 15, 2024	BARCLAYS PLC	added	156	222,000	298,000	-%
Feb 15, 2024	Legal & General Group Plc	unchanged	-	4,032	11,727	-%

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
Mar 27, 2024	ARS	ARS
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	DEFA14A	DEFA14A
Mar 15, 2024	10-K	Annual Report
Mar 08, 2024	8-K	Current Report
Mar 07, 2024	8-K	Current Report
Feb 16, 2024	4	Insider Trading
Feb 16, 2024	4	Insider Trading
Feb 16, 2024	4	Insider Trading
Feb 16, 2024	4	Insider Trading

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	137.7B	68.5B	4.47%	24.61%	16.17	2.01	136.06%	-24.38%
CME	76.3B	5.6B	-1.21%	13.21%	23.66	13.58	-0.62%	19.89%
ICE	75.9B	9.9B	-2.38%	24.68%	32.06	7.67	2.77%	63.76%
COIN	52.9B	3.1B	-19.78%	303.91%	557.66	17.02	-2.69%	103.61%
FDS	16.1B	2.2B	-4.93%	2.61%	32.94	7.48	7.26%	9.28%
IBKR	12.1B	6.2B	5.98%	46.44%	4.32	1.95	131.94%	52.66%
MID-CAP
JEF	9.5B	8.2B	-1.48%	44.77%	36.03	1.15	17.04%	-76.58%
HLI	8.2B	1.8B	2.12%	38.45%	31.77	4.47	0.16%	-0.33%
EVR	7.1B	2.4B	-2.93%	56.08%	27.85	2.91	-12.10%	-46.39%
FRHC	4.0B	1.4B	-3.87%	-11.97%	11.98	2.87	96.15%	398.80%
CLSK	3.9B	214.4M	-15.47%	438.96%	-47.98	18.28	75.40%	19.03%
SMALL-CAP
DFIN	1.9B	797.2M	7.44%	49.45%	23.01	2.37	-4.37%	-19.80%
AMRK	873.5M	10.0B	34.53%	7.15%	7.91	0.09	24.24%	-27.96%
COHN	12.8M	83.0M	-6.07%	7.32%	-2.19	0.15	15.07%	81.87%
AAMC	7.9M	3.2M	-11.49%	-96.17%	-0.24	2.48	-44.67%	-104.26%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	9.1%	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	5.5%	0.58*	0.55*	0.56*	0.59*	0.53*	0.57*	0.59*	0.60*	0.64*	0.66*	0.61*	0.55*	-	-	-	-	-	-	-	-	-
Interest Expenses	12.3%	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	1.4%	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	29.4%	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	9.7%	0.23*	0.21*	0.21*	0.21*	0.19*	0.20*	0.20*	0.20*	0.22*	0.23*	0.20*	0.15*	-	-	-	-	-	-	-	-	-
Net Income	43.6%	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	12.2%	0.17*	0.15*	0.15*	0.15*	0.14*	0.14*	0.15*	0.15*	0.16*	0.17*	0.15*	0.11*	-	-	-	-	-	-	-	-	-
Free Cashflow	366.5%	26.00	-9.78	44.00	-11.98	40.00	-4.50	1.00	12.00	18.00	19.00	10.00	10.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																	(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	7.0%	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	38.0%	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	-2.7%	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	-	-	-	-	-	-	-	-
Liabilities	7.3%	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	4.1%	433	416	405	391	377	371	360	348	344	242	233	223	220	210	206	250	153
Retained Earnings	15.6%	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	0.6%	307	305	303	301	300	299	298	297	296	206	205	205	204	204	204	248	-
Shares Outstanding	0.2%	33.00	33.00	33.00	33.00	32.00	32.00	32.00	32.00	23.00	20.00	20.00	20.00	-	-	-	-	-
Minority Interest	-5.2%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	368.2%	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	-21.7%	923	1,179	1,026	1,000	933	931	810	669	564	565	545	485	253	252	253	207	-	-	-	-	-
Cashflow From Investing	-51.1%	-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	37.8%	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	-	24.00	-	1.00	836	-	-	-	458	-	-	-	-	-	-	-	-	-	-	-	-	-

VEL Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Interest income	$ 310,775	$ 240,343	$ 181,968
Interest expense — portfolio related	186,468	127,723	85,386
Net interest income — portfolio related	124,307	112,620	96,582
Interest expense — corporate debt	16,556	29,472	20,609
Net interest income	107,751	83,148	75,973
Provision for (reversal of) loan losses	1,915	1,152	(292)
Net interest income after provision for loan losses	105,836	81,996	76,265
Other operating income
Gain on disposition of loans	8,238	7,107	7,892
Unrealized gain on fair value loans	47,850	8,265	29
Unrealized (loss) gain on mortgage servicing rights	(660)	2,086
Unrealized loss on fair value securitized debt	(9,002)
Origination income	12,450	5,225	1,610
Interest income on cash balance	5,194
Other income	1,840	1,637	267
Total other operating income	65,910	24,320	9,798
Operating expenses
Compensation and employee benefits	48,344	30,458	19,190
Origination expenses	518	3,985	2,174
Securitizations expenses	12,923
Loan servicing	17,631	12,298	8,282
Professional fees	4,599	4,179	3,781
Rent and occupancy	1,927	1,748	1,769
Real estate owned, net	6,153	(70)	3,150
Other operating expenses	8,524	9,166	7,924
Total operating expenses	100,619	61,764	46,270
Income before income taxes	71,127	44,552	39,793
Income tax expense	18,834	12,033	10,569
Net income	52,293	32,519	29,224
Net income attributable to noncontrolling interest	20	308
Net income attributable to Velocity Financial, Inc.	52,273	32,211	29,224
Less undistributed earnings attriuable to participating securities	753	491	8,589
Net earnings attributable to common shareholders	$ 51,520	$ 31,720	$ 20,635
Earnings per common share
Basic	$ 1.6	$ 0.99	$ 0.9
Diluted	$ 1.52	$ 0.94	$ 0.86
Weighted average common shares outstanding
Basic	32,206	31,913	22,813
Diluted	34,484	34,131	33,982

VEL Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 40,566	$ 45,248
Restricted cash	21,361	16,808
Loans held for sale, at fair value	17,590
Loans held for investment, net	2,828,123	3,272,390
Loans held for investment, at fair value	1,306,072	276,095
Total loans, net	4,151,785	3,548,485
Accrued interest receivables	27,028	20,463
Receivables due from servicers	85,077	65,644
Other receivables	8,763	1,075
Real estate owned, net	44,268	13,325
Property and equipment, net	2,785	3,356
Deferred tax asset	2,339	5,033
Mortgage servicing rights, at fair value	8,578	9,238
Goodwill	6,775	6,775
Other assets	5,248	13,525
Total assets	4,404,573	3,748,975
LIABILITIES
Accounts payable and accrued expenses	121,969	91,525
Secured financing, net	211,083	209,846
Securitized debt, net	2,418,811	2,736,290
Securitized debt at fair value	877,417
Warehouse and repurchase facilities, net	334,755	330,814
Derivative liability	3,665
Total liabilities	3,967,700	3,368,475
Commitments and contingencies
EQUITY
Common stock ($0.01 par value, 100,000,000 shares authorized; 32,987,248 and 32,523,516 shares issued, 32,865,836 and 32,489,869 shares outstanding at December 31, 2023 and 2022, respectively)	331	326
Additional paid-in capital	306,736	300,310
Retained earnings	128,906	76,633
Treasury stock, at cost (121,412 and 33,647 common shares at December 31, 2023 and 2022 respectively)	(1,319)	(458)
Accumulated other comprehensive loss	(1,210)
Total Velocity Financial Inc. stockholders' equity	433,444	376,811
Noncontrolling interest in subsidiary	3,429	3,689
Total equity	436,873	380,500
Total liabilities and equity	$ 4,404,573	$ 3,748,975

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 Wed Apr 24 2024, market cap of Velocity Financial Inc is 564.36 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 Wed Apr 24 2024, VEL's PE ratio (Price to Earnings) is 10.8 and Price to Sales (PS) ratio is 1.82. 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.