PMT Stock Analysis: PennyMac Mortgage | NYSE
REIT - Mortgage | NYSE, USA | Market Cap: 815m USD | 12M Return: -13.9% | US70931T1034 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.1M
EPS Trend: -40.2%
Qual. Beats: 0
Rev. Trend: 78.5%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
PennyMac Mortgage Investment Trust (NYSE: PMT) is a mortgage REIT that invests in U.S. residential mortgage-related assets through three segments: Credit Sensitive Strategies (CRT agreements, subordinate and credit-linked MBS), Interest Rate Sensitive Strategies (mortgage servicing rights, agency and senior non-agency MBS, CMOs, and interest rate hedging), and Correspondent Production (purchasing, pooling, and reselling newly originated prime credit-quality loans, primarily to government-sponsored enterprises such as Fannie Mae and Freddie Mac). The company is structured as a real estate investment trust (REIT), which allows it to avoid U.S. federal income tax on taxable income distributed to shareholders, and it was incorporated in 2009 and is headquartered in Westlake Village, California. Unlike traditional equity REITs that own physical property, mortgage REITs like PMT generate income primarily from the spread between the yields on their mortgage-related assets and their funding costs.
- Mortgage rate volatility swings MSR valuations and hedging results
- Correspondent Production volume surges on refinancing wave
- CRT and subordinate MBS spreads pressure Credit Sensitive earnings
| Net Income: 166.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.40 > 0.02 and ΔFCF/TA -9.09 > 1.0 |
| NWC/Revenue: -484.6% < 20% (prev -780.9%; Δ 296.3% < -1%) |
| CFO/TA -0.40 > 3% & CFO -10.1b > Net Income 166.3m |
| Net Debt (22.5b) to EBITDA (1.12b): 20.14 < 3 |
| Current Ratio: 0.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (87.2m) vs 12m ago 0.22% < -2% |
| Gross Margin: 79.81% > 18% (prev 35.28%; Δ 44.54% > 0.5%) |
| Asset Turnover: 7.85% > 50% (prev 4.21%; Δ 3.65% > 0%) |
| Interest Coverage Ratio: 1.04 > 6 (EBIT TTM 1.12b / Interest Expense TTM 1.07b) |
| A: -0.32 (Total Current Assets 421.0m - Total Current Liabilities 8.39b) / Total Assets 25.1b |
| B: -0.02 (Retained Earnings -618.0m / Total Assets 25.1b) |
| C: 0.05 (EBIT TTM 1.12b / Avg Total Assets 20.9b) |
| D: 0.08 (Book Value of Equity 1.85b / Total Liabilities 23.2b) |
| Altman-Z'' = -1.72 = D |
As of August 27, 2026, the stock is trading at USD 9.23 with a total of 651,539 shares traded. Over the past week, the price has changed by -3.25%, over one month by -4.05%, over three months by -7.45% and over the past year by -13.85%.
Current recommended Stop Loss: 8.90 (which is 3.6% or 1.4 ATR below the current price).
PennyMac Mortgage has received a consensus analysts rating of 3.22. Therefore, it is recommended to hold PMT.
- StrongBuy: 0
- Buy: 2
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.3 | 22.3% |
P/E Trailing = 6.4931
P/E Forward = 7.0373
P/S = 3.9968
P/B = 0.6215
P/EG = 0.7576
Revenue TTM = 1.65b USD
EBIT TTM = 1.12b USD
EBITDA TTM = 1.12b USD
Long Term Debt = 14.5b USD (from longTermDebt, last quarter)
Short Term Debt = 8.39b USD (from shortTermDebt, last quarter)
Debt = 22.9b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.5b USD (calculated: Debt 22.9b - CCE 421.0m)
Enterprise Value = 23.3b USD (815.3m + Debt 22.9b - CCE 421.0m)
Interest Coverage Ratio = 1.04 (Ebit TTM 1.12b / Interest Expense TTM 1.07b)
EV/FCF = -2.31x (Enterprise Value 23.3b / FCF TTM -10.1b)
FCF Yield = -43.20% (FCF TTM -10.1b / Enterprise Value 23.3b)
FCF Margin = -612.2% (FCF TTM -10.1b / Revenue TTM 1.65b)
Net Margin = 10.11% (Net Income TTM 166.3m / Revenue TTM 1.65b)
Gross Margin = 79.81% ((Revenue TTM 1.65b - Cost of Revenue TTM 332.1m) / Revenue TTM)
Gross Margin QoQ = 93.06% (prev 92.34%)
Tobins Q-Ratio = 0.93 (Enterprise Value 23.3b / Total Assets 25.1b)
Interest Expense / Debt = 4.69% (Interest Expense 1.07b / Debt 22.9b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 881.2m (EBIT 1.12b * (1 - 21.00%))
Current Ratio = 0.05 (Total Current Assets 421.0m / Total Current Liabilities 8.39b)
Debt / Equity = 12.37 (Debt 22.9b / totalStockholderEquity, last quarter 1.85b)
Debt / EBITDA = 20.14 (Net Debt 22.5b / EBITDA 1.12b)
Debt / FCF = -2.23 (negative FCF - burning cash) (Net Debt 22.5b / FCF TTM -10.1b)
Total Stockholder Equity = 1.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.79% (Net Income 166.3m / Total Assets 25.1b)
RoE = 8.88% (Net Income TTM 166.3m / Total Stockholder Equity 1.87b)
RoCE = 6.80% (EBIT 1.12b / Capital Employed (Equity 1.87b + L.T.Debt 14.5b))
RoIC = 3.52% (NOPAT 881.2m / Invested Capital 25.0b)
WACC = 3.82% (E(815.3m)/V(23.7b) * Re(7.28%) + D(22.9b)/V(23.7b) * Rd(4.69%) * (1-Tc(0.21)))
Discount Rate = 7.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -50.97 | Cagr: -10.18%
[DCF] Fair Price = unknown (Cash Flow -10.1b)
EPS Correlation: -40.20 | EPS CAGR: -10.58% | SUE: -0.31 | # QB: 0
Revenue Correlation: 78.48 | Revenue CAGR: 40.89% | SUE: 0.86 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.30 | Chg30d=-7.10% | Revisions=-25% | Analysts=6
EPS current Year (2026-12-31): EPS=1.06 | Chg30d=-10.15% | Revisions=-25% | GrowthEPS=+7.2% | GrowthRev=+13.0%
EPS next Year (2027-12-31): EPS=1.39 | Chg30d=-6.93% | Revisions=-25% | GrowthEPS=+30.6% | GrowthRev=+12.1%
[Analyst] Revisions Ratio: -50% (up=0, down=3)