XNYSPMTpB
Market cap1.13bUSD
Dec 24, Last price
23.80USD
1D
-0.63%
1Q
-4.57%
IPO
-4.38%
Name
PennyMac Mortgage Investment Trust
Chart & Performance
Profile
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company's Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
| Income | ||||||||||
Revenues | 725,867 604.00% | 103,106 24.46% | 82,840 -23.74% | |||||||
Cost of revenue | 156,251 | 85,559 | 195,862 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 569,616 | 17,547 | (113,022) | |||||||
NOPBT Margin | 78.47% | 17.02% | ||||||||
Operating Taxes | 44,741 | 136,374 | (12,193) | |||||||
Tax Rate | 7.85% | 777.19% | ||||||||
NOPAT | 524,875 | (118,827) | (100,829) | |||||||
Net income | 199,654 -372.43% | (73,287) -228.90% | 56,854 8.56% | |||||||
Dividends | (182,435) | (215,365) | (214,119) | |||||||
Dividend yield | 10.92% | 19.01% | 12.68% | |||||||
Proceeds from repurchase of equity | (28,490) | (87,992) | 7,699,435 | |||||||
BB yield | 1.71% | 7.77% | -456.13% | |||||||
| Debt | ||||||||||
Debt current | 2,804,028 | 2,471,961 | ||||||||
Long-term debt | 5,389,276 | 5,306,719 | 5,035,889 | |||||||
Deferred revenue | 11,958,749 | 11,405,190 | ||||||||
Other long-term liabilities | 26,143 | 4,237,706 | (4,494,407) | |||||||
Net debt | 15,223 | 3,031,738 | 2,741,190 | |||||||
| Cash flow | ||||||||||
Cash from operating activities | 1,340,173 | 1,784,471 | (2,819,714) | |||||||
CAPEX | 28,815 | |||||||||
Cash from investing activities | (21,726) | (1,867,474) | 1,093,013 | |||||||
Cash from financing activities | (1,149,228) | 135,886 | 1,727,980 | |||||||
FCF | (4,688,836) | (669,357) | 146,817 | |||||||
| Balance | ||||||||||
Cash | 409,423 | 364,137 | 1,931,893 | |||||||
Long term investments | 4,964,630 | 4,714,872 | 2,834,767 | |||||||
Excess cash | 5,337,760 | 5,073,854 | 4,762,518 | |||||||
Stockholders' equity | 33,653 | 11,033,177 | 11,225,076 | |||||||
Invested Capital | 12,283,310 | 20,502,903 | 18,287,180 | |||||||
ROIC | 3.20% | |||||||||
ROCE | 4.62% | 0.13% | ||||||||
| EV | ||||||||||
Common stock shares outstanding | 111,700 | 91,434 | 97,402 | |||||||
Price | 14.95 20.66% | 12.39 -28.51% | 17.33 -1.48% | |||||||
Market cap | 1,669,915 47.41% | 1,132,867 -32.89% | 1,687,977 -3.43% | |||||||
EV | 2,226,620 | 15,723,715 | 15,909,964 | |||||||
EBITDA | 569,726 | 24,295 | (113,022) | |||||||
EV/EBITDA | 3.91 | 647.20 | ||||||||
Interest | 735,968 | 410,420 | 304,737 | |||||||
Interest/NOPBT | 129.20% | 2,338.98% | ||||||||