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CHERRY HILL MORTGAGE INVESTM (CHMI) Stock Fundamental Analysis

NYSE:CHMI - New York Stock Exchange, Inc. - US1646511014 - REIT - Currency: USD

3.68  +0.05 (+1.38%)

Premarket: 3.65 -0.03 (-0.82%)

Fundamental Rating

3

CHMI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 64 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. Both the profitability and financial health of CHMI have multiple concerns. CHMI has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year CHMI was profitable.
In the past year CHMI had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: CHMI reported negative net income in multiple years.
CHMI had a positive operating cash flow in each of the past 5 years.
CHMI Yearly Net Income VS EBIT VS OCF VS FCFCHMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

1.2 Ratios

The Return On Assets of CHMI (-2.74%) is worse than 95.31% of its industry peers.
The Return On Equity of CHMI (-17.94%) is worse than 96.88% of its industry peers.
Industry RankSector Rank
ROA -2.74%
ROE -17.94%
ROIC N/A
ROA(3y)-0.72%
ROA(5y)-1.62%
ROE(3y)-4.02%
ROE(5y)-9.4%
ROIC(3y)N/A
ROIC(5y)N/A
CHMI Yearly ROA, ROE, ROICCHMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for CHMI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
CHMI Yearly Profit, Operating, Gross MarginsCHMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200 -200 400 600

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0

2. Health

2.1 Basic Checks

CHMI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CHMI has been increased compared to 5 years ago.
The debt/assets ratio for CHMI is higher compared to a year ago.
CHMI Yearly Shares OutstandingCHMI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
CHMI Yearly Total Debt VS Total AssetsCHMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

2.2 Solvency

CHMI has an Altman-Z score of -1.05. This is a bad value and indicates that CHMI is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -1.05, CHMI is doing worse than 93.75% of the companies in the same industry.
CHMI has a debt to FCF ratio of 158.67. This is a negative value and a sign of low solvency as CHMI would need 158.67 years to pay back of all of its debts.
CHMI has a Debt to FCF ratio of 158.67. This is comparable to the rest of the industry: CHMI outperforms 40.63% of its industry peers.
CHMI has a Debt/Equity ratio of 5.32. This is a high value indicating a heavy dependency on external financing.
CHMI has a Debt to Equity ratio of 5.32. This is in the lower half of the industry: CHMI underperforms 64.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 5.32
Debt/FCF 158.67
Altman-Z -1.05
ROIC/WACCN/A
WACCN/A
CHMI Yearly LT Debt VS Equity VS FCFCHMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.3 Liquidity

A Current Ratio of 0.06 indicates that CHMI may have some problems paying its short term obligations.
CHMI has a Current ratio of 0.06. This is in the lower half of the industry: CHMI underperforms 78.13% of its industry peers.
CHMI has a Quick Ratio of 0.06. This is a bad value and indicates that CHMI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.06, CHMI is not doing good in the industry: 78.13% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.06
Quick Ratio 0.06
CHMI Yearly Current Assets VS Current LiabilitesCHMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

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5

3. Growth

3.1 Past

CHMI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -40.26%.
CHMI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.31% yearly.
CHMI shows a strong growth in Revenue. In the last year, the Revenue has grown by 40.66%.
Measured over the past years, CHMI shows a very negative growth in Revenue. The Revenue has been decreasing by -14.98% on average per year.
EPS 1Y (TTM)-40.26%
EPS 3Y-26.87%
EPS 5Y-20.31%
EPS Q2Q%-50%
Revenue 1Y (TTM)40.66%
Revenue growth 3YN/A
Revenue growth 5Y-14.98%
Sales Q2Q%-55.78%

3.2 Future

CHMI is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.54% yearly.
Based on estimates for the next years, CHMI will show a very strong growth in Revenue. The Revenue will grow by 84.82% on average per year.
EPS Next Y-31.03%
EPS Next 2Y-0.7%
EPS Next 3Y-1.54%
EPS Next 5YN/A
Revenue Next Year167.31%
Revenue Next 2Y84.82%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CHMI Yearly Revenue VS EstimatesCHMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 20M 40M 60M 80M
CHMI Yearly EPS VS EstimatesCHMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.00, the valuation of CHMI can be described as reasonable.
Based on the Price/Earnings ratio, CHMI is valued cheaper than 81.25% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, CHMI is valued rather cheaply.
CHMI is valuated cheaply with a Price/Forward Earnings ratio of 5.33.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CHMI indicates a rather cheap valuation: CHMI is cheaper than 95.31% of the companies listed in the same industry.
CHMI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 8
Fwd PE 5.33
CHMI Price Earnings VS Forward Price EarningsCHMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of CHMI is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 14.67
EV/EBITDA N/A
CHMI Per share dataCHMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.7%
EPS Next 3Y-1.54%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 16.53%, CHMI is a good candidate for dividend investing.
CHMI's Dividend Yield is rather good when compared to the industry average which is at 12.91. CHMI pays more dividend than 85.94% of the companies in the same industry.
CHMI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 16.53%

5.2 History

The dividend of CHMI decreases each year by -14.25%.
CHMI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-14.25%
Div Incr Years0
Div Non Decr Years0
CHMI Yearly Dividends per shareCHMI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

The earnings of CHMI are negative and hence is the payout ratio. CHMI will probably not be able to sustain this dividend level.
The Dividend Rate of CHMI has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-64.38%
EPS Next 2Y-0.7%
EPS Next 3Y-1.54%
CHMI Yearly Income VS Free CF VS DividendCHMI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M 60M -60M

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CHERRY HILL MORTGAGE INVESTM

NYSE:CHMI (2/21/2025, 8:08:40 PM)

Premarket: 3.65 -0.03 (-0.82%)

3.68

+0.05 (+1.38%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)03-11 2025-03-11/amc
Inst Owners16.82%
Inst Owner Change-92.59%
Ins Owners0.72%
Ins Owner Change0.58%
Market Cap116.40M
Analysts82.22
Price Target4.08 (10.87%)
Short Float %1.54%
Short Ratio1.4
Dividend
Industry RankSector Rank
Dividend Yield 16.53%
Yearly Dividend1.17
Dividend Growth(5Y)-14.25%
DP-64.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.4%
Min EPS beat(2)-49.4%
Max EPS beat(2)-49.4%
EPS beat(4)0
Avg EPS beat(4)-35.07%
Min EPS beat(4)-49.4%
Max EPS beat(4)-12.28%
EPS beat(8)0
Avg EPS beat(8)-25.67%
EPS beat(12)2
Avg EPS beat(12)-17.52%
EPS beat(16)4
Avg EPS beat(16)-14.62%
Revenue beat(2)1
Avg Revenue beat(2)30.86%
Min Revenue beat(2)-31.01%
Max Revenue beat(2)92.72%
Revenue beat(4)1
Avg Revenue beat(4)-61.07%
Min Revenue beat(4)-199.9%
Max Revenue beat(4)92.72%
Revenue beat(8)3
Avg Revenue beat(8)-64.65%
Revenue beat(12)6
Avg Revenue beat(12)71.67%
Revenue beat(16)8
Avg Revenue beat(16)67.53%
PT rev (1m)0%
PT rev (3m)-20%
EPS NQ rev (1m)-35.09%
EPS NQ rev (3m)-43.94%
EPS NY rev (1m)-8.09%
EPS NY rev (3m)-26.04%
Revenue NQ rev (1m)-18.62%
Revenue NQ rev (3m)-0.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-28.07%
Valuation
Industry RankSector Rank
PE 8
Fwd PE 5.33
P/S 2.24
P/FCF 14.67
P/OCF 14.67
P/B 0.49
P/tB 0.49
EV/EBITDA N/A
EPS(TTM)0.46
EY12.5%
EPS(NY)0.69
Fwd EY18.76%
FCF(TTM)0.25
FCFY6.82%
OCF(TTM)0.25
OCFY6.82%
SpS1.64
BVpS7.48
TBVpS7.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.74%
ROE -17.94%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 15.28%
ROA(3y)-0.72%
ROA(5y)-1.62%
ROE(3y)-4.02%
ROE(5y)-9.4%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 5.32
Debt/FCF 158.67
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.06
Quick Ratio 0.06
Altman-Z -1.05
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-40.26%
EPS 3Y-26.87%
EPS 5Y-20.31%
EPS Q2Q%-50%
EPS Next Y-31.03%
EPS Next 2Y-0.7%
EPS Next 3Y-1.54%
EPS Next 5YN/A
Revenue 1Y (TTM)40.66%
Revenue growth 3YN/A
Revenue growth 5Y-14.98%
Sales Q2Q%-55.78%
Revenue Next Year167.31%
Revenue Next 2Y84.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-84.56%
FCF growth 3Y-13.3%
FCF growth 5Y-8.08%
OCF growth 1Y-84.56%
OCF growth 3Y-13.3%
OCF growth 5Y-8.08%