A Business at a Glance
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Cherry Hill Mortgage Investment Corp
CHMI
$67M
Mkt Cap
$2.24
-0.88%
Cherry Hill Mortgage Investment Corp (CHMI) has a current P/E ratio of 32.0, compared to its historical median P/E of 2.9. The stock is currently considered Expensive based on its historical valuation range.
Cherry Hill Mortgage Investment Corp (CHMI) has a 5-year average return on invested capital (ROIC) of -2.6%. This is below average and may indicate limited pricing power.
Cherry Hill Mortgage Investment Corp (CHMI) has a market capitalization of $82M. It is classified as a small-cap stock.
Yes, Cherry Hill Mortgage Investment Corp (CHMI) pays a dividend with a trailing twelve-month yield of 7.16%.
Based on historical P/E analysis, Cherry Hill Mortgage Investment Corp (CHMI) appears expensive. The current P/E of 32.0 is 987% above its historical median of 2.9. The estimated fair value CAGR (P/E method) is -45.8%.
Cherry Hill Mortgage Investment Corp (CHMI) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Cherry Hill Mortgage Investment Corporation is a fully integrated, internally managed residential real estate finance company focused on acquiring, investing in and managing residential mortgage assets in the United States. We were incorporated in Maryland on October 31, 2012, and we commenced operations on October 9, 2013, following the completion of our initial public offering (“IPO”). Our common stock, our 8.20% Series A Cumulative Redeemable Preferred Stock (our “Series A Preferred Stock”) and our 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (our “Series B Preferred Stock”) are listed and traded on the New York Stock Exchange (“NYSE”) under the symbols “CHMI”, “CHMI-PRA” and “CHMI-PRB”, respectively. We operate so as to continue to qualify to be taxed as a REIT under the Code.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 30M | 35M | - | 40M | 28M | -56M |
| Net Income | 216K | 2.1M | -45M | 12M | 2.4M | -62M |
| EPS | $0.05 | $0.07 | $-1.70 | $0.60 | $0.14 | $-3.67 |
| Free Cash Flow | 0 | -4.7M | 41M | 60M | 48M | 62M |
| ROIC | 0.0% | 3.9% | -10.5% | 6.2% | 1.9% | -14.7% |
| Gross Margin | - | 64.1% | - | 70.5% | 51.6% | 140.1% |
| Debt/Equity | 0.00 | 0.66 | 0.66 | 0.70 | 0.53 | 0.36 |
| Dividends/Share | $0.16 | $0.24 | $0.25 | $0.43 | $0.41 | $0.40 |
| Operating Income | 0 | 41M | -23M | 35M | 9.0M | -59M |
| Operating Margin | 0.0% | 117.9% | - | 85.9% | 31.9% | 104.0% |
| ROE | 0.1% | 0.9% | -17.5% | 4.5% | 0.9% | -20.0% |
| Shares Outstanding | 37M | 30M | 26M | 20M | 17M | 17M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | 0 | N/A | N/A | 57M | 49M | -48M | -56M | 28M | 40M | N/A | 35M | 30M |
| Gross Margin | N/A | N/A | N/A | N/A | 89.8% | 78.4% | 136.1% | 140.1% | 51.6% | 70.5% | N/A | 64.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 22M | 6.5M | 19M | 33M | 66M | 68M | -21M | -59M | 9.0M | 35M | -23M | 41M | 0 |
| Op. Margin | N/A | N/A | N/A | N/A | 116.3% | 138.4% | 42.7% | 104.0% | 31.9% | 85.9% | N/A | 117.9% | 0.0% |
| Net Income | 21M | 2.4M | 13M | 25M | 46M | 32M | -59M | -62M | 2.4M | 12M | -45M | 2.1M | 216K |
| Net Margin | N/A | N/A | N/A | N/A | 80.2% | 65.2% | 122.9% | 109.9% | 8.6% | 29.6% | N/A | 6.0% | 0.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 14.6% | 4.7% | 11.7% | 20.1% | 19.6% | 13.4% | -10.5% | -14.7% | 1.9% | 6.2% | -10.5% | 3.9% | 0.0% |
| ROE | 13.1% | 1.5% | 8.7% | 16.1% | 14.2% | 8.9% | -14.9% | -20.0% | 0.9% | 4.5% | -17.5% | 0.9% | 0.1% |
| ROA | 4.9% | 0.4% | 2.1% | 3.1% | 2.2% | 1.5% | -2.0% | -3.9% | 0.2% | 0.8% | -3.2% | 0.1% | 1.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -6.1M | 27M | 23M | 34M | 40M | 62M | 70M | 62M | 48M | 60M | 41M | -4.7M | 17M |
| Free Cash Flow | -6.1M | 27M | 23M | 34M | 40M | 62M | 70M | 62M | 48M | 60M | 41M | -4.7M | 0 |
| Owner Earnings | -6.1M | 26M | 23M | 34M | 40M | 61M | 69M | 61M | 47M | 59M | 40M | -5.2M | 16M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.4M | 3.8M | 3.7M | 4.8M | 7.3M | 12M | 8.8M | 6.7M | 7.1M | 8.5M | 6.6M | 7.0M | 5.9M |
| Dividend Yield | 12.8% | 12.6% | 12.6% | 15.4% | 11.5% | 13.3% | 8.7% | 9.5% | 9.1% | 11.7% | 8.3% | 9.1% | 7.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 3.5M | 1.7M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 3.6% | 2.5% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | 320K | 463K | 618K | 607K | 662K | 1.0M | 1.0M | 900K | 496K | 468K | 496K | 496K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -12M | 14M | 7.1M | 12M | 126M | 142M | 27M | 81M | 127M | 116M | 105M | -55M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 55M |
| Long-Term Debt | N/A | 0 | 24M | 23M | 39M | 158M | 167M | 111M | 145M | 184M | 169M | 151M | 151M |
| Debt/Equity | 1.66 | 0.00 | 0.16 | 0.15 | 0.12 | 0.44 | 0.42 | 0.36 | 0.53 | 0.70 | 0.66 | 0.66 | 0.00 |
| Interest Coverage | 25.3 | 1.5 | 3.2 | 4.2 | 3.3 | 2.0 | -0.4 | -2.7 | 1.6 | 2.0 | -1.1 | 1.2 | 1.2 |
| Equity | 161M | 160M | 151M | 154M | 320M | 361M | 397M | 310M | 276M | 262M | 255M | 230M | 233M |
| Total Assets | 427M | 532M | 636M | 793M | 2.1B | 2.2B | 2.9B | 1.6B | 1.3B | 1.4B | 1.4B | 1.5B | 15M |
| Total Liabilities | 266M | 372M | 484M | 637M | 1.7B | 1.8B | 2.5B | 1.3B | 1.0B | 1.1B | 1.1B | 1.3B | 3.9M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 18M | 4.8M | 3.1M | 12M | 35M | 35M | -59M | -142M | -158M | -169M | -233M | -250M | -250M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 12.50 | 0.31 | 1.76 | 3.30 | 3.98 | 2.18 | -3.53 | -3.67 | 0.14 | 0.60 | -1.70 | 0.07 | 0.05 |
| Owner EPS | -0.81 | 3.45 | 3.05 | 4.50 | 3.47 | 4.18 | 4.09 | 3.63 | 2.71 | 3.00 | 1.53 | -0.17 | 0.44 |
| Book Value | 21.41 | 21.05 | 20.16 | 20.50 | 27.97 | 24.58 | 23.64 | 18.34 | 15.89 | 13.23 | 9.73 | 7.76 | 6.35 |
| Cash Flow/Share | -0.81 | 3.49 | 3.11 | 4.58 | 3.52 | 4.22 | 4.15 | 3.69 | 2.77 | 3.02 | 1.55 | -0.16 | 0.01 |
| Dividends/Share | 0.45 | 0.50 | 0.49 | 0.64 | 0.64 | 0.81 | 0.52 | 0.40 | 0.41 | 0.43 | 0.25 | 0.24 | 0.16 |
| Shares Out. | 7.5M | 7.6M | 7.5M | 7.5M | 11.4M | 14.7M | 16.8M | 16.9M | 17.4M | 19.8M | 26.3M | 29.7M | 36.7M |
| Valuation | |||||||||||||
| P/E Ratio | 0.3 | 13.4 | 1.9 | 1.6 | 1.5 | 2.9 | N/A | N/A | 31.1 | 5.9 | N/A | 31.9 | 44.8 |
| P/FCF | N/A | 1.2 | 1.1 | 1.2 | 1.7 | 1.5 | 1.4 | 1.1 | 1.6 | 1.2 | 1.9 | N/A | N/A |
| EV/EBIT | N/A | 2.9 | 2.1 | 1.4 | 1.2 | 3.2 | N/A | N/A | 17.5 | 5.7 | N/A | 4.2 | N/A |
| Price/Book | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 |
| Price/Sales | N/A | N/A | N/A | N/A | 1.1 | 1.8 | N/A | N/A | 2.8 | 1.8 | N/A | 2.2 | 2.7 |
| FCF Yield | -22.3% | 84.3% | 93.0% | 86.9% | 60.1% | 65.8% | 71.0% | 87.5% | 63.6% | 85.5% | 53.0% | -7.1% | N/A |
| Market Cap | 27M | 31M | 25M | 40M | 67M | 94M | 98M | 71M | 76M | 70M | 77M | 66M | 82M |
| Avg. Price | 3.52 | 4.01 | 3.89 | 4.16 | 5.52 | 6.05 | 6.01 | 4.19 | 4.46 | 3.65 | 3.07 | 2.60 | 2.24 |
| Year-End Price | 3.64 | 4.14 | 3.35 | 5.27 | 5.87 | 6.42 | 5.85 | 4.22 | 4.35 | 3.54 | 2.92 | 2.23 | 2.24 |
Cherry Hill Mortgage Investment Corp passes 3 of 9 quality checks, indicating weak fundamentals.
Cherry Hill Mortgage Investment Corp trades at 32.0x trailing earnings, compared to its 15-year median P/E of 2.9x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average gross margin is 81.6%. Total shareholder yield (dividends) is 7.2%. At current prices, the estimated annualized return to fair value is -23.6%.
Cherry Hill Mortgage Investment Corp (CHMI) reported annual revenue of $35 million in its most recent fiscal year, based on SEC EDGAR filings.
Cherry Hill Mortgage Investment Corp (CHMI) has a net profit margin of 6.0%. This is a modest margin.
Cherry Hill Mortgage Investment Corp (CHMI) generated $-5 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Cherry Hill Mortgage Investment Corp (CHMI) has a debt-to-equity ratio of 0.66. This indicates moderate leverage.
Cherry Hill Mortgage Investment Corp (CHMI) reported earnings per share (EPS) of $0.07 in its most recent fiscal year.
Cherry Hill Mortgage Investment Corp (CHMI) has a return on equity (ROE) of 0.9%. This indicates moderate shareholder returns.
Cherry Hill Mortgage Investment Corp (CHMI) has a 5-year average gross margin of 81.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Cherry Hill Mortgage Investment Corp (CHMI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Cherry Hill Mortgage Investment Corp (CHMI) has a book value per share of $7.76, based on its most recent annual SEC filing.
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