PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PMT - US70931T1034 - REIT
12.55 USD
-0.02 (-0.16%)
12.55 USD
0 (0%)
Overall PMT gets a fundamental rating of 3 out of 10. We evaluated PMT against 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. PMT has a bad profitability rating. Also its financial health evaluation is rather negative. PMT is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PMT was profitable.
PMT had a negative operating cash flow in the past year.
Of the past 5 years PMT 4 years were profitable.
In multiple years PMT reported negative operating cash flow during the last 5 years.
1.2 Ratios
PMT's Return On Assets of 0.43% is in line compared to the rest of the industry. PMT outperforms 54.41% of its industry peers.
PMT's Return On Equity of 4.24% is in line compared to the rest of the industry. PMT outperforms 55.88% of its industry peers.
PMT has a Return On Invested Capital (0.51%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for PMT is in line with the industry average of 1.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.43% | ||
| ROE | 4.24% | ||
| ROIC | 0.51% |
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
With a Profit Margin value of 7.09%, PMT perfoms like the industry average, outperforming 57.35% of the companies in the same industry.
In the last couple of years the Profit Margin of PMT has declined.
PMT's Operating Margin of 10.03% is in line compared to the rest of the industry. PMT outperforms 52.94% of its industry peers.
In the last couple of years the Operating Margin of PMT has declined.
PMT has a worse Gross Margin (17.95%) than 67.65% of its industry peers.
PMT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.03% | ||
| PM (TTM) | 7.09% | ||
| GM | 17.95% |
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
The number of shares outstanding for PMT has been increased compared to 1 year ago.
Compared to 5 years ago, PMT has less shares outstanding
Compared to 1 year ago, PMT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.42, we must say that PMT is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -0.42, PMT perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
PMT has a Debt/Equity ratio of 8.66. This is a high value indicating a heavy dependency on external financing.
PMT's Debt to Equity ratio of 8.66 is on the low side compared to the rest of the industry. PMT is outperformed by 83.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.66 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.42 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.04 indicates that PMT may have some problems paying its short term obligations.
PMT has a worse Current ratio (0.04) than 79.41% of its industry peers.
A Quick Ratio of 0.04 indicates that PMT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.04, PMT is doing worse than 79.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
PMT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.09%.
Measured over the past years, PMT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.43% on average per year.
Looking at the last year, PMT shows a quite strong growth in Revenue. The Revenue has grown by 9.82% in the last year.
The Revenue has been growing slightly by 5.93% on average over the past years.
EPS 1Y (TTM)-33.09%
EPS 3Y72.3%
EPS 5Y-11.43%
EPS Q2Q%52.78%
Revenue 1Y (TTM)9.82%
Revenue growth 3Y13.1%
Revenue growth 5Y5.93%
Sales Q2Q%22.71%
3.2 Future
PMT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.99% yearly.
The Revenue is expected to grow by 10.12% on average over the next years. This is quite good.
EPS Next Y-32.41%
EPS Next 2Y11.94%
EPS Next 3Y8.99%
EPS Next 5YN/A
Revenue Next Year-4.73%
Revenue Next 2Y11.15%
Revenue Next 3Y10.12%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
A Price/Earnings ratio of 13.79 indicates a correct valuation of PMT.
Compared to the rest of the industry, the Price/Earnings ratio of PMT indicates a somewhat cheap valuation: PMT is cheaper than 60.29% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.51. PMT is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 7.53, 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 72.06% of the companies in the same industry.
PMT is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.79 | ||
| Fwd PE | 7.53 |
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 2Y11.94%
EPS Next 3Y8.99%
5. Dividend
5.1 Amount
PMT has a Yearly Dividend Yield of 12.27%, which is a nice return.
PMT's Dividend Yield is a higher than the industry average which is at 10.99.
Compared to an average S&P500 Dividend Yield of 2.00, PMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.27% |
5.2 History
The dividend of PMT has a limited annual growth rate of 0.26%.
PMT has paid a dividend for at least 10 years, which is 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
PMT pays out 227.39% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PMT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP227.39%
EPS Next 2Y11.94%
EPS Next 3Y8.99%
12.55
-0.02 (-0.16%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners70.69%
Inst Owner Change-0.58%
Ins Owners0.96%
Ins Owner Change0.66%
Market Cap1.09B
Revenue(TTM)1.12B
Net Income(TTM)79.68M
Analysts67.69
Price Target13.52 (7.73%)
Short Float %5.44%
Short Ratio4.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.27% |
Yearly Dividend2.09
Dividend Growth(5Y)0.26%
DP227.39%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-30.1%
Min EPS beat(2)-110.78%
Max EPS beat(2)50.57%
EPS beat(4)2
Avg EPS beat(4)-37.54%
Min EPS beat(4)-110.78%
Max EPS beat(4)50.57%
EPS beat(8)4
Avg EPS beat(8)-18.79%
EPS beat(12)6
Avg EPS beat(12)-17.18%
EPS beat(16)6
Avg EPS beat(16)-72.42%
Revenue beat(2)1
Avg Revenue beat(2)-12.58%
Min Revenue beat(2)-26.28%
Max Revenue beat(2)1.12%
Revenue beat(4)2
Avg Revenue beat(4)-15.98%
Min Revenue beat(4)-52.49%
Max Revenue beat(4)13.74%
Revenue beat(8)2
Avg Revenue beat(8)-15.75%
Revenue beat(12)4
Avg Revenue beat(12)2.82%
Revenue beat(16)6
Avg Revenue beat(16)10.02%
PT rev (1m)0.63%
PT rev (3m)1.27%
EPS NQ rev (1m)-2.18%
EPS NQ rev (3m)7.82%
EPS NY rev (1m)9.43%
EPS NY rev (3m)30.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.19%
Revenue NY rev (1m)0.94%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.79 | ||
| Fwd PE | 7.53 | ||
| P/S | 0.97 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.58 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)0.91
EY7.25%
EPS(NY)1.67
Fwd EY13.28%
FCF(TTM)-63.53
FCFYN/A
OCF(TTM)-63.53
OCFYN/A
SpS12.92
BVpS21.6
TBVpS-20.56
PEG (NY)N/A
PEG (5Y)N/A
Graham Number21.03
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.43% | ||
| ROE | 4.24% | ||
| ROCE | 1.08% | ||
| ROIC | 0.51% | ||
| ROICexc | 0.51% | ||
| ROICexgc | 0.66% | ||
| OM | 10.03% | ||
| PM (TTM) | 7.09% | ||
| GM | 17.95% | ||
| 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-Score1
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.66 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.15 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 | ||
| Altman-Z | -0.42 |
F-Score1
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-32.41%
EPS Next 2Y11.94%
EPS Next 3Y8.99%
EPS Next 5YN/A
Revenue 1Y (TTM)9.82%
Revenue growth 3Y13.1%
Revenue growth 5Y5.93%
Sales Q2Q%22.71%
Revenue Next Year-4.73%
Revenue Next 2Y11.15%
Revenue Next 3Y10.12%
Revenue Next 5YN/A
EBIT growth 1Y-11.75%
EBIT growth 3Y47.27%
EBIT growth 5Y-5.63%
EBIT Next Year551.59%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-520.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-520.02%
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.
Can you provide the valuation status for PENNYMAC MORTGAGE INVESTMENT?
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 3 / 10.
What is the expected EPS growth for PENNYMAC MORTGAGE INVESTMENT (PMT) stock?
The Earnings per Share (EPS) of PENNYMAC MORTGAGE INVESTMENT (PMT) is expected to decline by -32.41% in the next year.
Is the dividend of PENNYMAC MORTGAGE INVESTMENT sustainable?
The dividend rating of PENNYMAC MORTGAGE INVESTMENT (PMT) is 6 / 10 and the dividend payout ratio is 227.39%.