A Business at a Glance
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CHIMERA INVESTMENT CORP
CIM
$1.0B
Mkt Cap
$12.50
+1.38%
CHIMERA INVESTMENT CORP (CIM) has a current P/E ratio of 7.3, compared to its historical median P/E of 5.7. The stock is currently considered Fair based on its historical valuation range.
CHIMERA INVESTMENT CORP (CIM) has a 5-year average return on invested capital (ROIC) of 14.5%. This indicates solid capital allocation.
CHIMERA INVESTMENT CORP (CIM) has a market capitalization of $1.0B. It is classified as a small-cap stock.
Yes, CHIMERA INVESTMENT CORP (CIM) pays a dividend with a trailing twelve-month yield of 11.90%.
Based on historical P/E analysis, CHIMERA INVESTMENT CORP (CIM) appears fair. The current P/E of 7.3 is 28% above its historical median of 5.7. The estimated fair value CAGR (P/E method) is -19.8%.
CHIMERA INVESTMENT CORP (CIM) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
CHIMERA INVESTMENT CORP (CIM) reported annual revenue of $266 million in its most recent fiscal year, based on SEC EDGAR filings.
The Company We are a publicly traded REIT that is primarily engaged in the business of investing in a diversified portfolio of mortgage assets for ourselves and for unrelated third parties through our third-party investment management and advisory services. The assets we may invest in and manage for others include residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose loans (“BPLs”) (including residential transition loans (“RTLs”)) and investor loans, mortgage servicing rights (“MSRs”) and other real estate-related assets such as Agency CMBS, junior liens and home equity lines of credit, or HELOCs, equity appreciation rights, and reverse mortgages. We hold our investments through our various subsidiaries. The MBS and other real estate-related securities we purchase may include investment-grade, non-investment grade, and non-rated securities.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 272M | 266M | 265M | 263M | 440M | 611M |
| Net Income | -66M | 144M | 90M | 52M | -587M | 596M |
| EPS | $-0.80 | $1.72 | $1.10 | $2.04 | $-7.59 | $7.32 |
| Free Cash Flow | 0 | -249M | 206M | 213M | 326M | 519M |
| ROIC | 0.0% | 27.1% | 23.9% | 23.7% | -18.3% | 16.1% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.10 | 0.10 | 0.05 | 0.00 | 4.03 | 1.48 |
| Dividends/Share | $1.49 | $1.48 | $1.42 | $6.30 | $3.36 | $3.87 |
| Operating Income | 0 | 702M | 587M | 562M | -254M | 927M |
| Operating Margin | 0.0% | - | - | - | -57.7% | - |
| ROE | -2.7% | 5.7% | 3.6% | 2.0% | -18.3% | 15.9% |
| Shares Outstanding | 84M | 84M | 82M | 26M | 77M | 81M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 540M | 613M | 586M | 606M | 594M | 602M | 514M | 611M | 440M | 263M | 265M | 266M | 272M |
| Gross Margin | 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 |
| 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 | 20M | 32M | 18M | 18M | 23M | 24M | 23M | 22M | 23M | 25M | 23M | 30M | 35M |
| EBIT | 737M | 510M | 897M | 1.0B | 1.0B | 1.1B | 605M | 927M | -254M | 562M | 587M | 702M | 0 |
| Op. Margin | N/A | 83.1% | N/A | N/A | N/A | N/A | N/A | N/A | -57.7% | N/A | N/A | N/A | 0.0% |
| Net Income | 589M | 250M | 549M | 491M | 368M | 341M | 89M | 596M | -587M | 52M | 90M | 144M | -66M |
| Net Margin | 109.1% | 40.8% | 93.7% | 81.1% | 62.0% | 56.6% | 17.3% | 97.6% | -133.4% | 19.9% | 34.1% | 54.2% | -24.4% |
| Non-Recurring | 8.7M | 8.7M | 9.6M | 5.2M | 2.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 11.0% | 7.5% | 18.7% | 18.6% | 28.5% | 28.7% | 15.6% | 16.1% | -18.3% | 23.7% | 23.9% | 27.1% | 0.0% |
| ROE | 17.0% | 7.6% | 18.1% | 14.5% | 10.0% | 8.9% | 2.3% | 15.9% | -18.3% | 2.0% | 3.6% | 5.7% | -2.7% |
| ROA | 4.5% | 1.5% | 3.4% | 2.6% | 1.5% | 1.2% | 0.4% | 3.6% | -4.1% | 0.4% | 0.7% | 1.0% | -0.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 183M | 396M | 553M | 487M | 298M | 65M | 258M | 519M | 326M | 213M | 206M | -249M | -54M |
| Free Cash Flow | 183M | 396M | 553M | 487M | 298M | 65M | 258M | 519M | 326M | 213M | 206M | -249M | 0 |
| Owner Earnings | 182M | 395M | 551M | 483M | 289M | 54M | 253M | 513M | 318M | 204M | 195M | -266M | -76M |
| 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 | 321K | 7.2M | 13M |
| 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 | 321K | 7.2M | 13M |
| 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 | 575M | 381M | 454M | 376M | 374M | 374M | 323M | 299M | 288M | 195M | 119M | 123M | 124M |
| Dividend Yield | 352.9% | 45.9% | 48.0% | 28.3% | 26.4% | 22.1% | 23.5% | 15.0% | 20.2% | 60.0% | 12.2% | 11.7% | 11.9% |
| Share Buybacks | 0 | 250M | 0 | 0 | 15M | 0 | 22M | 1.8M | 49M | 33M | 0 | 0 | 0 |
| Buyback Yield | N/A | 29.1% | N/A | N/A | 1.0% | N/A | 1.7% | 0.1% | 5.3% | 3.5% | N/A | N/A | 0.0% |
| Stock-Based Comp | 953K | 1.0M | 2.0M | 4.0M | 8.8M | 11M | 5.0M | 6.5M | 8.2M | 9.6M | 10M | 9.7M | 8.7M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 5.0B | 2.0B | 1.5B | 2.8B | -13.0B | -10.6B | -1.2B | 5.1B | N/A | -222M | 51M | -27M | -224M |
| Cash & Equiv. | 165M | 114M | 178M | 64M | 47M | 110M | 269M | 386M | 265M | 222M | 84M | 279M | 476M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 0 | 52M | 0 | N/A | 0 | 135M | 252M | 252M |
| Debt/Equity | 1.44 | 0.73 | 0.53 | 0.78 | 0.48 | 0.38 | 0.81 | 1.48 | 4.03 | 0.00 | 0.05 | 0.10 | 0.10 |
| Interest Coverage | 5.0 | 2.0 | 2.6 | 1.9 | 1.5 | 1.4 | 1.2 | 2.8 | -0.8 | 1.1 | 1.2 | 1.3 | 1.3 |
| Equity | 3.6B | 2.9B | 3.1B | 3.6B | 3.7B | 4.0B | 3.8B | 3.7B | 2.7B | 2.6B | 2.5B | 2.6B | 2.5B |
| Total Assets | 19.2B | 15.3B | 16.7B | 21.2B | 27.7B | 27.1B | 17.5B | 15.4B | 13.4B | 12.9B | 13.1B | 15.8B | 16.0B |
| Total Liabilities | 15.5B | 12.4B | 13.6B | 17.6B | 24.0B | 23.2B | 13.7B | 11.7B | 10.7B | 10.4B | 10.6B | 13.2B | 13.5B |
| 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 | -1.1B | 1.9B | 2.4B | 3.0B | 3.4B | 3.8B | 3.9B | 4.6B | 4.0B | 4.2B | 4.3B | 4.6B | 4.5B |
| 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 | 43.05 | 3.75 | 8.76 | 7.83 | 5.88 | 5.43 | 1.16 | 7.32 | -7.59 | 2.04 | 1.10 | 1.72 | -0.80 |
| Owner EPS | 13.28 | 5.92 | 8.78 | 7.70 | 4.61 | 0.87 | 3.29 | 6.29 | 4.11 | 7.94 | 2.38 | -3.16 | -0.91 |
| Book Value | 263.59 | 44.13 | 49.80 | 57.95 | 59.11 | 62.98 | 49.18 | 45.86 | 34.51 | 99.71 | 30.76 | 30.63 | 29.45 |
| Cash Flow/Share | 13.35 | 5.94 | 8.81 | 7.77 | 4.75 | 1.04 | 3.36 | 6.37 | 4.22 | 8.31 | 2.50 | -2.96 | -0.64 |
| Dividends/Share | 42.03 | 5.76 | 7.32 | 6.00 | 6.00 | 6.00 | 4.20 | 3.87 | 3.36 | 6.30 | 1.42 | 1.48 | 1.49 |
| Shares Out. | 13.7M | 66.8M | 62.7M | 62.7M | 62.7M | 62.8M | 76.9M | 81.5M | 77.3M | 25.7M | 82.1M | 84.0M | 83.6M |
| Valuation | |||||||||||||
| P/E Ratio | 1.5 | 3.4 | 2.1 | 2.9 | 4.1 | 5.7 | 84.0 | 3.9 | N/A | 18.3 | 11.2 | 7.3 | -15.7 |
| P/FCF | 1.0 | 2.2 | 2.1 | 2.9 | 5.1 | 29.8 | 5.3 | 4.4 | 2.8 | 1.5 | 4.9 | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 1.6 | 1.5 | 1.7 | N/A | 0.9 | 1.7 | 1.1 | N/A |
| Price/Book | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.3 | 0.6 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 |
| Price/Sales | 1.5 | 1.4 | 1.6 | 2.2 | N/A | N/A | 7.7 | N/A | N/A | N/A | N/A | N/A | 3.8 |
| FCF Yield | 20.4% | 46.1% | 48.1% | 34.5% | 19.5% | 3.4% | 20.3% | 22.5% | 35.3% | 22.3% | 20.3% | -23.7% | N/A |
| Market Cap | 894M | 859M | 1.2B | 1.4B | 1.5B | 1.9B | 1.3B | 2.3B | 922M | 958M | 1.0B | 1.1B | 1.0B |
| Avg. Price | 11.91 | 12.45 | 15.07 | 21.17 | 22.66 | 26.94 | 17.88 | 24.52 | 18.48 | 12.69 | 11.88 | 12.46 | 12.50 |
| Year-End Price | 13.07 | 12.87 | 18.33 | 22.49 | 24.35 | 30.89 | 17.64 | 28.36 | 11.84 | 12.44 | 12.33 | 12.51 | 12.50 |
CHIMERA INVESTMENT CORP passes 3 of 9 quality checks, indicating weak fundamentals.
CHIMERA INVESTMENT CORP trades at 7.3x trailing earnings, compared to its 15-year median P/E of 5.7x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 14.5%. Total shareholder yield (dividends) is 11.9%. At current prices, the estimated annualized return to fair value is -5.6%.
CHIMERA INVESTMENT CORP (CIM) has a net profit margin of 54.2%. This is a strong margin indicating high profitability.
CHIMERA INVESTMENT CORP (CIM) generated $-249 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
CHIMERA INVESTMENT CORP (CIM) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
CHIMERA INVESTMENT CORP (CIM) reported earnings per share (EPS) of $1.72 in its most recent fiscal year.
CHIMERA INVESTMENT CORP (CIM) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for CHIMERA INVESTMENT CORP (CIM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHIMERA INVESTMENT CORP (CIM) has a book value per share of $30.63, based on its most recent annual SEC filing.
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