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Company Analysis

Dynex Capital, Inc. DX

A comprehensive view of key metrics, scores, and financial health for Dynex Capital, Inc.

Overview of Dynex Capital, Inc.

DX NYQ
Real Estate REIT - Mortgage Framework: Mortgage REITs Mid Cap
Dynex Capital, Inc. (DX), is a Mid Cap company, in the REIT - Mortgage industry, last closed at $10.58, about 34.2% undervalued vs fair value, -20.7% 1Y return, ranked 88/338 in sector.
Metrics P/E 5.7× Rev Growth 147.4% ROE 17.5% Gross Margin 113.0% Div Yield 11.99%
USD 10.58
-0.66%
(Delayed)
• Vol 90d: 19.8%
52-Week Range
Market Cap
$2.75B
Enterprise Value
$16.24B
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Good
Growth
Good
Profitability
Fair
Health
Fair
Efficiency
Weak
Valuation
Good
Completeness: 88%
Confidence: 92%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.dynexcapital.com
HQ Glen Allen, VA
Employees 28
Fiscal year Dec 31

Next Events

Earnings Jan 25 Estimated

Fair Value Snapshot

Bear Base Bull
$8
$14
$27
Current: $10.58 +34% vs base

Engine Room Money Flow™

Mid Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$533.5M
67%%
Interest Expense
$419.2M
Net Interest Income
$114.4M
1845.8%%
Total Revenue
$372.1M
147.4%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
13.1%
Good

Net Income / Equity - key bank profitability metric

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Where It Leaks

Cash Flow Health healthy
Strong cash conversion with minimal leakage across profit-to-cash-to-value chain.
1
Active Leaks
0/1
Improving
0
High Impact
0
Critical
Moat Analysis Lender Specialized

Competitive Advantage Assessment

Evaluating Dynex Capital, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
55
/100
Moderate
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Returns Hold Up Through Funding Cycles Returns are strong for a debt-funded lender (profitability score 0.71).

Key risks

  • Thin Equity Cushion Equity cushion is thin (score 0.20).
  • Credit Quality Concerns Credit quality is concerning (asset quality score 0.00).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Funding & Return Stability

Moderate
70
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Signals, strengths and risks for Funding & Return Stability

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Signals, strengths and risks for Lending Advantage

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Signals, strengths and risks for Capital Strength

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Signals, strengths and risks for Cost Discipline

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Signals, strengths and risks for Revenue Diversification

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Signals, strengths and risks for Risk Management

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 88% Coverage
Trade-Off Triangle Visualization A ternary plot showing DX's balance between Growth (44.7%), Profitability (37.4%), and Safety (17.9%). Growth 45% Safety 18% Profitability 37%

Click axes to expand details. Marker shows current allocation.

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Growth

87th percentile vs peers
87
Key Signals
Asset Growth YoY 1.12 98p NII Growth YoY 18.46 81p Equity Growth YoY 1.19 98p EPS Growth YoY 65.7% 66p
Strengths
  • Growth performance in top 20% of peers (percentile: 87)
  • Asset Growth YoY in top 20% of peers (1.12, 98th percentile)
  • NII Growth YoY in top 20% of peers (18.46, 81th percentile)
  • Equity Growth YoY in top 20% of peers (1.19, 98th percentile)
  • Efficiency Ratio in top 20% of peers (-85.4%, 82th percentile)
Risks

No significant risks identified for this axis.

Profitability

73th percentile vs peers
73
Key Signals
Strengths
Risks
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Safety

34th percentile vs peers
35
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Dynex Capital, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$14.20
- - -
+34.2% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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