PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Fundamental Analysis
USA - NYSE:PMT - US70931T1034 - REIT
12.04 USD
0 (0%)
11.9103 USD
-0.13 (-1.08%)
PMT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. PMT has a medium profitability rating, but doesn't score so well on its financial health evaluation. PMT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PMT had positive earnings in the past year.
In the past year PMT has reported a negative cash flow from operations.
PMT had positive earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: PMT reported negative operating cash flow in multiple years.
1.2 Ratios
With a decent Return On Assets value of 0.37%, PMT is doing good in the industry, outperforming 67.65% of the companies in the same industry.
Looking at the Return On Equity, with a value of 3.37%, PMT is in the better half of the industry, outperforming 63.24% of the companies in the same industry.
PMT has a better Return On Invested Capital (0.46%) than 64.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PMT is in line with the industry average of 1.25%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.37% | ||
| ROIC | 0.46% |
ROA(3y)0.4%
ROA(5y)0.32%
ROE(3y)2.76%
ROE(5y)2.11%
ROIC(3y)0.94%
ROIC(5y)0.73%
1.3 Margins
PMT has a Profit Margin of 5.92%. This is comparable to the rest of the industry: PMT outperforms 55.88% of its industry peers.
In the last couple of years the Profit Margin of PMT has declined.
The Operating Margin of PMT (8.70%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PMT has declined.
PMT has a Gross Margin (16.53%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PMT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.7% | ||
| PM (TTM) | 5.92% | ||
| GM | 16.53% |
OM growth 3Y30.21%
OM growth 5Y-10.92%
PM growth 3Y47.37%
PM growth 5Y-15.02%
GM growth 3Y21.41%
GM growth 5Y-6.35%
2. Health
2.1 Basic Checks
Compared to 1 year ago, PMT has more shares outstanding
PMT has less shares outstanding than it did 5 years ago.
PMT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.41, we must say that PMT is in the distress zone and has some risk of bankruptcy.
PMT has a Altman-Z score (-0.41) which is in line with its industry peers.
A Debt/Equity ratio of 7.80 is on the high side and indicates that PMT has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 7.80, PMT is doing worse than 70.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.8 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.41 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.06 indicates that PMT may have some problems paying its short term obligations.
The Current ratio of PMT (0.06) is worse than 69.12% of its industry peers.
PMT has a Quick Ratio of 0.06. This is a bad value and indicates that PMT is not financially healthy enough and could expect problems in meeting its short term obligations.
PMT's Quick ratio of 0.06 is on the low side compared to the rest of the industry. PMT is outperformed by 69.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 |
3. Growth
3.1 Past
The earnings per share for PMT have decreased strongly by -33.09% in the last year.
PMT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.43% yearly.
PMT shows a decrease in Revenue. In the last year, the revenue decreased by -9.97%.
Measured over the past years, PMT shows a small growth in Revenue. The Revenue has been growing by 5.93% on average per year.
EPS 1Y (TTM)-33.09%
EPS 3Y72.3%
EPS 5Y-11.43%
EPS Q2Q%52.78%
Revenue 1Y (TTM)-9.97%
Revenue growth 3Y13.1%
Revenue growth 5Y5.93%
Sales Q2Q%22.71%
3.2 Future
Based on estimates for the next years, PMT will show a small growth in Earnings Per Share. The EPS will grow by 6.60% on average per year.
Based on estimates for the next years, PMT will show a quite strong growth in Revenue. The Revenue will grow by 11.76% on average per year.
EPS Next Y-48.36%
EPS Next 2Y8.96%
EPS Next 3Y6.6%
EPS Next 5YN/A
Revenue Next Year-4.86%
Revenue Next 2Y10.3%
Revenue Next 3Y11.76%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.23, the valuation of PMT can be described as correct.
63.24% of the companies in the same industry are more expensive than PMT, based on the Price/Earnings ratio.
PMT is valuated rather cheaply when we compare the Price/Earnings ratio to 26.19, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.63, the valuation of PMT can be described as very cheap.
PMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PMT is cheaper than 67.65% of the companies in the same industry.
PMT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.50, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.23 | ||
| Fwd PE | 7.63 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.96%
EPS Next 3Y6.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.70%, PMT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 12.70, PMT has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, PMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.7% |
5.2 History
The dividend of PMT has a limited annual growth rate of 0.26%.
PMT has been paying a dividend for at least 10 years, so it has a reliable track record.
PMT has decreased its dividend recently.
Dividend Growth(5Y)0.26%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
288.01% of the earnings are spent on dividend by PMT. This is not a sustainable payout ratio.
PMT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP288.01%
EPS Next 2Y8.96%
EPS Next 3Y6.6%
12.04
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners70.53%
Inst Owner Change0.18%
Ins Owners0.94%
Ins Owner Change0.18%
Market Cap1.05B
Revenue(TTM)1.05B
Net Income(TTM)62.91M
Analysts67.69
Price Target13.43 (11.54%)
Short Float %5.27%
Short Ratio5.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.7% |
Yearly Dividend2.09
Dividend Growth(5Y)0.26%
DP288.01%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-106.66%
Min EPS beat(2)-110.78%
Max EPS beat(2)-102.55%
EPS beat(4)1
Avg EPS beat(4)-50.49%
Min EPS beat(4)-110.78%
Max EPS beat(4)12.58%
EPS beat(8)4
Avg EPS beat(8)-16.6%
EPS beat(12)5
Avg EPS beat(12)-29.4%
EPS beat(16)5
Avg EPS beat(16)-87.62%
Revenue beat(2)0
Avg Revenue beat(2)-39.38%
Min Revenue beat(2)-52.49%
Max Revenue beat(2)-26.28%
Revenue beat(4)1
Avg Revenue beat(4)-19.24%
Min Revenue beat(4)-52.49%
Max Revenue beat(4)13.74%
Revenue beat(8)2
Avg Revenue beat(8)-4.7%
Revenue beat(12)4
Avg Revenue beat(12)13.05%
Revenue beat(16)5
Avg Revenue beat(16)8.58%
PT rev (1m)0%
PT rev (3m)-5.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.46%
EPS NY rev (1m)0%
EPS NY rev (3m)-45.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.31%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.23 | ||
| Fwd PE | 7.63 | ||
| P/S | 0.99 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)0.91
EY7.56%
EPS(NY)1.58
Fwd EY13.11%
FCF(TTM)-59.92
FCFYN/A
OCF(TTM)-59.92
OCFYN/A
SpS12.2
BVpS21.44
TBVpS-21.53
PEG (NY)N/A
PEG (5Y)N/A
Graham Number20.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.37% | ||
| ROE | 3.37% | ||
| ROCE | 0.96% | ||
| ROIC | 0.46% | ||
| ROICexc | 0.47% | ||
| ROICexgc | 0.63% | ||
| OM | 8.7% | ||
| PM (TTM) | 5.92% | ||
| GM | 16.53% | ||
| FCFM | N/A |
ROA(3y)0.4%
ROA(5y)0.32%
ROE(3y)2.76%
ROE(5y)2.11%
ROIC(3y)0.94%
ROIC(5y)0.73%
ROICexc(3y)0.96%
ROICexc(5y)0.74%
ROICexgc(3y)1.45%
ROICexgc(5y)1.08%
ROCE(3y)2.12%
ROCE(5y)1.72%
ROICexgc growth 3Y52.36%
ROICexgc growth 5Y-5.33%
ROICexc growth 3Y46.74%
ROICexc growth 5Y-8.88%
OM growth 3Y30.21%
OM growth 5Y-10.92%
PM growth 3Y47.37%
PM growth 5Y-15.02%
GM growth 3Y21.41%
GM growth 5Y-6.35%
F-Score2
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.8 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.13 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 | ||
| Altman-Z | -0.41 |
F-Score2
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)-33.09%
EPS 3Y72.3%
EPS 5Y-11.43%
EPS Q2Q%52.78%
EPS Next Y-48.36%
EPS Next 2Y8.96%
EPS Next 3Y6.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.97%
Revenue growth 3Y13.1%
Revenue growth 5Y5.93%
Sales Q2Q%22.71%
Revenue Next Year-4.86%
Revenue Next 2Y10.3%
Revenue Next 3Y11.76%
Revenue Next 5YN/A
EBIT growth 1Y-57.96%
EBIT growth 3Y47.27%
EBIT growth 5Y-5.63%
EBIT Next Year551.59%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-713.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-713.11%
OCF growth 3YN/A
OCF growth 5YN/A
PENNYMAC MORTGAGE INVESTMENT / PMT FAQ
What is the ChartMill fundamental rating of PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
ChartMill assigns a fundamental rating of 3 / 10 to PMT.
What is the valuation status of PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
ChartMill assigns a valuation rating of 4 / 10 to PENNYMAC MORTGAGE INVESTMENT (PMT). This can be considered as Fairly Valued.
How profitable is PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
PENNYMAC MORTGAGE INVESTMENT (PMT) has a profitability rating of 4 / 10.
What is the valuation of PENNYMAC MORTGAGE INVESTMENT based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PENNYMAC MORTGAGE INVESTMENT (PMT) is 13.23 and the Price/Book (PB) ratio is 0.56.
How sustainable is the dividend of PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
The dividend rating of PENNYMAC MORTGAGE INVESTMENT (PMT) is 5 / 10 and the dividend payout ratio is 288.01%.