PennyMac Mortgage Investment Trust
NYSE:PMT
Intrinsic Value
PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. [ Read More ]
The intrinsic value of one
PMT
stock under the Base Case scenario is
53.73
USD.
Compared to the current market price of 13.56 USD,
PennyMac Mortgage Investment Trust
is
Undervalued by 75%.
PMT could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
PennyMac Mortgage Investment Trust's market capitalization is 1.2B USD.
PMT stock price is 13.56 USD.
PMT stock price (13.56 USD) is 75% less than its Intrinsic Value (53.73 USD).
PMT stock price (13.56 USD) is 85% less than its Relative Value (93.32 USD). Open Relative Valuation
PMT has upside potential of 10% compared to the average analyst price target.
Open Wall St Estimates
PMT's ROE (Return on Equity) for the past 12 months is positive and is equal to 8%.
PMT's long-term assets (13B USD) exceed its long-term liabilties (11B USD).
PMT's ROIC (Return on Invested Capital) has decreased in the last 3 years from 6% to 2%.
PMT has positive Operating Income for the last twelve months.
PMT has positive Gross Profit for the last twelve months.
PMT's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 2%.
PMT has positive Net Income for the last twelve months.
PMT's Revenue has been growing by 16% per year for the last 3 years.
PMT has a very low three-year average ROE (Return on Equity): 4%. The company is not efficient at transforming stockholders' equity into net income.
PMT's Revenue has grown by an exceptional 63% over the past 12 months.
PMT's ROE (Return on Equity) has significantly decreased in the last 3 years from 33% to 8%.
PMT has a very low three-year average ROIC (Return on Invested Capital): 1%. The company is not efficient at using invested capital to generate operating income.
PMT has positive Free Cash Flow for the last twelve months.
PMT has positive Net Debt. This means that the company has more debt (10B USD) than cash and short-term investments (281m USD).
PMT's short-term liabilties (6B USD) exceed its short-term assets (487m USD).
PMT's D/E (Debt to Equity) is very high and is equal to 5.35.
PMT's Altman Z-Score is very low and is equal to 0.13.
PMT doesn't generate enough operating income (244m USD) to safely cover interest payments on its debt (718m USD).
Valuation Backtest
PennyMac Mortgage Investment Trust
Run backtest to discover the historical profit from buying and selling
PMT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
PennyMac Mortgage Investment Trust
Balance Sheet Decomposition
PennyMac Mortgage Investment Trust
| Current Assets | 487.3m |
| Cash & Short-Term Investments | 281.1m |
| Receivables | 206.2m |
| Non-Current Assets | 12.6B |
| Long-Term Investments | 6.2B |
| Intangibles | 3.9B |
| Other Non-Current Assets | 2.5B |
| Current Liabilities | 6.2B |
| Accounts Payable | 384.3m |
| Accrued Liabilities | 32.7m |
| Short-Term Debt | 5.6B |
| Other Current Liabilities | 190m |
| Non-Current Liabilities | 4.9B |
| Long-Term Debt | 4.8B |
| Other Non-Current Liabilities | 77.5m |
Earnings Waterfall
PennyMac Mortgage Investment Trust
|
Revenue
|
1.2B
USD
|
|
Cost of Revenue
|
-854.3m
USD
|
|
Gross Profit
|
310.7m
USD
|
|
Operating Expenses
|
-66.3m
USD
|
|
Operating Income
|
244.4m
USD
|
|
Other Expenses
|
-87m
USD
|
|
Net Income
|
157.4m
USD
|
Free Cash Flow Analysis
PennyMac Mortgage Investment Trust
What is Free Cash Flow?
PMT Profitability Score
Profitability Due Diligence
PennyMac Mortgage Investment Trust's profitability score is 44/100. The higher the profitability score, the more profitable the company is.
Score
PennyMac Mortgage Investment Trust's profitability score is 44/100. The higher the profitability score, the more profitable the company is.
PMT Solvency Score
Solvency Due Diligence
PennyMac Mortgage Investment Trust's solvency score is 9/100. The higher the solvency score, the more solvent the company is.
Score
PennyMac Mortgage Investment Trust's solvency score is 9/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
PMT Price Targets Summary
PennyMac Mortgage Investment Trust
According to Wall Street analysts, the average 1-year price target for
PMT
is 14.96 USD
with a low forecast of 13.64 USD and a high forecast of 16.8 USD.
Ownership
PMT Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
PMT Price
PennyMac Mortgage Investment Trust
| Average Annual Return | -1.23% |
| Standard Deviation of Annual Returns | 17.68% |
| Max Drawdown | -76% |
| Market Capitalization | 1.2B USD |
| Shares Outstanding | 86 650 000 |
| Percentage of Shares Shorted | 3.23% |
Company Profile
PennyMac Mortgage Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. The company is headquartered in Westlake Village, California and currently employs 1 full-time employees. The company went IPO on 2009-07-30. The firm conducts all its operations, and make investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. Its segments include Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production and Corporate. The Credit Sensitive Strategies segment represents its investments in credit risk transfer (CRT) arrangements, non-agency subordinated bonds, distressed loans and real estate. The Interest Rate Sensitive Strategies segment represents its investments in mortgage servicing rights (MSRs), excess servicing spread (ESS), agency and senior non-agency mortgage-backed securities (MBS) and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.
Contact
IPO
Employees
Officers
The intrinsic value of one
PMT
stock under the Base Case scenario is
53.73
USD.
Compared to the current market price of 13.56 USD,
PennyMac Mortgage Investment Trust
is
Undervalued by 75%.
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