A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
PennyMac Mortgage Investment Trust
PMT
$845M
Mkt Cap
$9.74
+1.67%
PennyMac Mortgage Investment Trust (PMT) has a current P/E ratio of 9.8, compared to its historical median P/E of 7.3. The stock is currently considered Fair based on its historical valuation range.
PennyMac Mortgage Investment Trust (PMT) has a 5-year average return on invested capital (ROIC) of 1.6%. This is below average and may indicate limited pricing power.
PennyMac Mortgage Investment Trust (PMT) has a market capitalization of $849M. It is classified as a small-cap stock.
Yes, PennyMac Mortgage Investment Trust (PMT) pays a dividend with a trailing twelve-month yield of 16.41%.
Based on historical P/E analysis, PennyMac Mortgage Investment Trust (PMT) appears fair. The current P/E of 9.8 is 34% above its historical median of 7.3. The estimated fair value CAGR (P/E method) is -0.6%.
PennyMac Mortgage Investment Trust (PMT) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
The following description of our business should be read in conjunction with the information included elsewhere in this Report. This description contains forward-looking statements that involve risks and uncertainties. Actual results could differ significantly from the projections and results discussed in the forward-looking statements due to the factors described under the caption “Risk Factors” and elsewhere in this Report. References in this Report to “we,” “our,” “us,” “PMT,” or the “Company” refer to PennyMac Mortgage Investment Trust and its consolidated subsidiaries, unless otherwise indicated. Our Company We are a specialty finance company that invests primarily in mortgage-related assets. We conduct substantially all of our operations, and make substantially all of our investments, through our subsidiary, PennyMac Operating Partnership, L.P. (our “Operating Partnership”) and its subsidiaries.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 345M | 307M | 334M | 429M | 304M | 420M |
| Net Income | 101M | 86M | 119M | 157M | -116M | 26M |
| EPS | $1.16 | $0.99 | $1.37 | $1.63 | $-1.26 | $0.26 |
| Free Cash Flow | 0 | 7.2B | 2.7B | 1.3B | 1.8B | 2.8B |
| ROIC | -0.4% | 2.9% | 2.4% | 2.2% | -0.2% | 0.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.28 | 0.58 | 0.52 | 2.63 | 2.58 | 1.90 |
| Dividends/Share | $1.60 | $1.60 | $1.60 | $1.60 | $1.81 | $1.87 |
| Operating Income | -12M | -13M | -20M | -19M | -19M | -14M |
| Operating Margin | -3.6% | -4.2% | -6.1% | -4.4% | -6.1% | -3.3% |
| ROE | 5.4% | 4.5% | 6.1% | 8.0% | -5.3% | 1.1% |
| Shares Outstanding | 87M | 87M | 87M | 97M | 92M | 99M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 357M | 249M | 272M | 318M | 351M | 489M | 469M | 420M | 304M | 429M | 334M | 307M | 345M |
| 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 | 8.3M | 7.4M | 7.0M | 6.3M | 6.8M | 6.9M | 3.9M | 4.0M | 5.9M | 7.1M | 5.6M | 12M | 12M |
| EBIT | 263M | 196M | 210M | -18M | -16M | -15M | -12M | -14M | -19M | -19M | -20M | -13M | -12M |
| Op. Margin | 73.8% | 78.9% | 77.3% | -5.6% | -4.5% | -3.1% | -2.5% | -3.3% | -6.1% | -4.4% | -6.1% | -4.2% | -3.6% |
| Net Income | 193M | 88M | 74M | 101M | 127M | 201M | 27M | 26M | -116M | 157M | 119M | 86M | 101M |
| Net Margin | 54.0% | 35.5% | 27.4% | 31.9% | 36.2% | 41.1% | 5.8% | 6.1% | -38.0% | 36.7% | 35.5% | 27.9% | 29.2% |
| Non-Recurring | 803K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 19.3% | 13.1% | 13.7% | 5.3% | 5.3% | 5.6% | 0.6% | 0.6% | -0.2% | 2.2% | 2.4% | 2.9% | -0.4% |
| ROE | 12.7% | 5.8% | 5.2% | 7.0% | 8.2% | 10.0% | 1.1% | 1.1% | -5.3% | 8.0% | 6.1% | 4.5% | 5.4% |
| ROA | 4.2% | 1.6% | 1.2% | 1.7% | 1.9% | 2.1% | 0.2% | 0.2% | -0.8% | 1.2% | 0.9% | 0.5% | 0.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 366M | 863M | 622M | 223M | 574M | 3.0B | 672M | 2.8B | 1.8B | 1.3B | 2.7B | 7.2B | -9.1B |
| Free Cash Flow | 366M | 863M | 622M | 223M | 574M | 3.0B | 672M | 2.8B | 1.8B | 1.3B | 2.7B | 7.2B | 0 |
| Owner Earnings | 360M | 857M | 616M | 218M | 568M | 3.0B | 669M | 2.8B | 1.8B | 1.3B | 2.7B | 7.2B | -9.2B |
| 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 | 174M | 173M | 132M | 126M | 116M | 141M | 152M | 184M | 174M | 141M | 139M | 139M | 139M |
| Dividend Yield | 37.0% | 41.0% | 37.2% | 27.9% | 22.5% | 16.7% | 17.6% | 17.0% | 19.8% | 15.4% | 14.1% | 13.6% | 16.4% |
| Share Buybacks | 0 | 16M | 98M | 91M | 11M | 0 | 37M | 57M | 88M | 28M | 0 | 0 | 0 |
| Buyback Yield | N/A | 4.1% | 23.4% | 17.0% | 1.6% | N/A | 2.0% | 6.0% | 17.9% | 1.9% | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.8M | 6.3M | 5.7M | 4.9M | 5.3M | 5.5M | 2.3M | 2.4M | 4.3M | 5.2M | 3.5M | 3.9M | 4.0M |
| Debt Repayment | 0 | 11M | 11M | 14M | 13M | 16M | 24M | 21M | 14M | 14M | 31M | 16M | 16M |
| Balance Sheet | |||||||||||||
| Net Debt | -202M | 136M | 84M | 3.8B | 6.0B | 9.0B | 1.7B | 4.3B | 4.7B | 4.7B | 567M | 632M | 2.0B |
| Cash & Equiv. | 76M | 58M | 34M | 78M | 60M | 104M | 58M | 59M | 112M | 281M | 338M | 272M | 402M |
| Long-Term Debt | 14M | 236M | 241M | 662M | 1.0B | 2.2B | 1.9B | 4.5B | 5.1B | 5.1B | 1.0B | 1.1B | 2.4B |
| Debt/Equity | 0.01 | 0.16 | 0.18 | 2.55 | 3.89 | 3.74 | 0.84 | 1.90 | 2.58 | 2.63 | 0.52 | 0.58 | 1.28 |
| Interest Coverage | 3.1 | 1.6 | 1.4 | -0.1 | -0.1 | -0.1 | -0.0 | -0.0 | -0.0 | -0.0 | -0.1 | -0.0 | -0.0 |
| Equity | 1.6B | 1.5B | 1.4B | 1.5B | 1.6B | 2.5B | 2.3B | 2.4B | 2.0B | 2.0B | 1.9B | 1.9B | 1.9B |
| Total Assets | 4.9B | 5.8B | 6.4B | 5.6B | 7.8B | 11.8B | 11.5B | 13.8B | 13.9B | 13.1B | 14.4B | 21.3B | 22.5B |
| Total Liabilities | 3.3B | 4.3B | 5.0B | 4.1B | 6.2B | 9.3B | 9.2B | 11.4B | 12.0B | 11.2B | 12.5B | 19.5B | 20.6B |
| Intangibles | 308M | 404M | 606M | 773M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 98M | 26M | -27M | -47M | -20M | 22M | -101M | -257M | -527M | -509M | -529M | -583M | -604M |
| 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 | 137M |
| Per Share Data | |||||||||||||
| EPS | 2.47 | 1.16 | 1.08 | 1.48 | 1.99 | 2.42 | 0.27 | 0.26 | -1.26 | 1.63 | 1.37 | 0.99 | 1.16 |
| Owner EPS | 4.62 | 11.24 | 8.93 | 3.18 | 8.90 | 35.90 | 6.66 | 28.56 | 19.42 | 13.83 | 31.14 | 83.08 | -104.97 |
| Book Value | 20.23 | 19.63 | 19.59 | 22.52 | 24.52 | 29.53 | 22.84 | 24.00 | 21.41 | 20.27 | 22.36 | 21.75 | 21.41 |
| Cash Flow/Share | 4.69 | 11.33 | 9.01 | 3.25 | 8.98 | 35.97 | 6.68 | 28.59 | 19.46 | 13.88 | 31.18 | 83.13 | 1.16 |
| Dividends/Share | 2.40 | 2.16 | 1.91 | 1.84 | 1.81 | 1.70 | 1.51 | 1.87 | 1.81 | 1.60 | 1.60 | 1.60 | 1.60 |
| Shares Out. | 78.0M | 76.2M | 69.0M | 68.6M | 63.9M | 83.0M | 100.5M | 98.6M | 91.7M | 96.6M | 86.7M | 86.8M | 87.2M |
| Valuation | |||||||||||||
| P/E Ratio | 2.5 | 4.5 | 5.6 | 4.6 | 4.4 | 4.7 | 35.9 | 40.7 | N/A | 7.3 | 8.1 | 12.7 | 8.4 |
| P/FCF | 1.3 | 0.5 | 0.7 | 2.1 | 1.0 | 0.3 | 1.4 | 0.4 | 0.4 | 0.9 | 0.4 | 0.2 | N/A |
| EV/EBIT | 2.0 | 4.0 | 3.7 | 2.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.8 | 0.4 | 0.3 | 0.7 | 0.7 | 0.9 | 0.5 |
| Price/Sales | 1.3 | 1.7 | 1.3 | 1.7 | 1.8 | 1.9 | 3.5 | 2.3 | 1.8 | 2.7 | 4.0 | 4.9 | 2.5 |
| FCF Yield | 74.3% | 214.6% | 147.7% | 41.6% | 86.1% | 280.8% | 35.8% | 299.8% | 363.2% | 91.4% | 208.2% | 445.7% | N/A |
| Market Cap | 492M | 402M | 421M | 537M | 666M | 1.1B | 1.9B | 941M | 491M | 1.5B | 1.3B | 1.6B | 849M |
| Avg. Price | 6.04 | 5.54 | 5.13 | 6.60 | 8.04 | 10.18 | 8.58 | 10.95 | 9.56 | 9.47 | 11.38 | 11.78 | 9.74 |
| Year-End Price | 6.25 | 5.18 | 5.99 | 6.75 | 8.68 | 11.36 | 9.68 | 10.58 | 8.45 | 11.97 | 11.05 | 12.53 | 9.74 |
PennyMac Mortgage Investment Trust passes 2 of 9 quality checks, indicating weak fundamentals.
PennyMac Mortgage Investment Trust trades at 9.8x trailing earnings, compared to its 15-year median P/E of 7.3x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 1.6%. Total shareholder yield (dividends) is 16.4%. At current prices, the estimated annualized return to fair value is +27.6%.
PennyMac Mortgage Investment Trust (PMT) reported annual revenue of $307 million in its most recent fiscal year, based on SEC EDGAR filings.
PennyMac Mortgage Investment Trust (PMT) has a net profit margin of 27.9%. This is a strong margin indicating high profitability.
PennyMac Mortgage Investment Trust (PMT) generated $7.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PennyMac Mortgage Investment Trust (PMT) has a debt-to-equity ratio of 0.58. This indicates moderate leverage.
PennyMac Mortgage Investment Trust (PMT) reported earnings per share (EPS) of $0.99 in its most recent fiscal year.
PennyMac Mortgage Investment Trust (PMT) has a return on equity (ROE) of 4.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for PennyMac Mortgage Investment Trust (PMT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PennyMac Mortgage Investment Trust (PMT) has a book value per share of $21.75, based on its most recent annual SEC filing.