Event-Driven Stocks

Hatteras Financial Corp

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Signs2 good1 warningdetails ↓

Financials

SEC XBRL · annual
 FY15FY14FY13FY12FY11FY10
Revenue
Operating income
Net income−$34.5M$16.8M−$134.1M$349.2M$284.4M$169.5M
Total assets$16.14B$18.52B$19.08B$26.40B$18.59B$10.01B
Total liabilities$13.99B$16.10B$16.71B$23.33B$16.51B$8.86B
Equity$2.14B$2.42B$2.36B$3.07B$2.08B$1.15B
EPS (diluted)$-0.41$0.12$-1.59$3.67$3.97$4.30
Shares out.96.8M96.6M98.8M77.2M57.7M46.1M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2015
Operating margin
Net margin
Return on equity
−1.6%
Return on assets
−0.2%
Return on capital (ROCE)
Liabilities / assets
86.7%
Debt / equity
6.53×
Book value / share
$22.14
Revenue growth (YoY)
Net income growth (YoY)
−305.6%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2015
Accruals / assets
2.3%clean
Piotroski F-Score
3/6weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
37
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 100Financial strength 50

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

1 warning2 good
  • High leverage (liabilities > 70% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)