PENNYMAC MORTGAGE INVESTMENT (PMT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PMT - US70931T1034 - REIT
13.08 USD
+0.32 (+2.51%)
13.059 USD
-0.02 (-0.16%)
Taking everything into account, PMT scores 3 out of 10 in our fundamental rating. PMT was compared to 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. PMT may be in some trouble as it scores bad on both profitability and health. 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.
In the past year PMT has reported a negative cash flow from operations.
Of the past 5 years PMT 4 years were profitable.
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
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.
Looking at the Return On Equity, with a value of 4.24%, PMT is in line with its industry, outperforming 55.88% of the companies in the same industry.
PMT's Return On Invested Capital of 0.51% is in line compared to the rest of the industry. PMT outperforms 51.47% 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 1.28%.
| 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
Looking at the Profit Margin, with a value of 7.09%, PMT is in line with its industry, outperforming 57.35% of the companies in the same industry.
PMT's Profit Margin has declined in the last couple of years.
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.
PMT's Operating Margin has declined in the last couple of years.
PMT's Gross Margin of 17.95% is on the low side compared to the rest of the industry. PMT is outperformed by 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
PMT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PMT has been reduced compared to 5 years ago.
PMT has a worse debt/assets ratio than last year.
2.2 Solvency
PMT has an Altman-Z score of -0.42. This is a bad value and indicates that PMT is not financially healthy and even has some risk of bankruptcy.
PMT has a Altman-Z score (-0.42) which is in line with its industry peers.
PMT has a Debt/Equity ratio of 8.66. This is a high value indicating a heavy dependency on external financing.
PMT has a worse Debt to Equity ratio (8.66) than 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.
The Quick ratio of PMT (0.04) is worse than 79.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.04 | ||
| Quick Ratio | 0.04 |
3. Growth
3.1 Past
The earnings per share for PMT have decreased strongly by -33.09% in the last year.
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.
PMT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.82%.
PMT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.93% yearly.
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
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
With a Price/Earnings ratio of 14.37, PMT is valued correctly.
PMT's Price/Earnings ratio is a bit cheaper when compared to the industry. PMT is cheaper than 61.76% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.19. PMT is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 7.85 indicates a rather cheap valuation of PMT.
Based on the Price/Forward Earnings ratio, PMT is valued a bit cheaper than the industry average as 72.06% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.88. PMT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 7.85 |
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 12.54%, which is a nice return.
Compared to an average industry Dividend Yield of 11.16, PMT pays a bit more dividend than its industry peers.
PMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.54% |
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.
PMT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP227.39%
EPS Next 2Y11.94%
EPS Next 3Y8.99%
13.08
+0.32 (+2.51%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners70.61%
Inst Owner Change0%
Ins Owners0.96%
Ins Owner Change0.66%
Market Cap1.14B
Revenue(TTM)1.12B
Net Income(TTM)79.68M
Analysts69.23
Price Target13.52 (3.36%)
Short Float %5.44%
Short Ratio4.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.54% |
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)0%
EPS NQ rev (3m)7.82%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)30.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 7.85 | ||
| P/S | 1.01 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.61 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)0.91
EY6.96%
EPS(NY)1.67
Fwd EY12.74%
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%.