PMT Stock Analysis: PennyMac Mortgage | NYSE
REIT - Mortgage | NYSE, USA | Market Cap: 882m USD | 12M Return: -6.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.4M
EPS Trend: -12.3%
Qual. Beats: -1
Rev. Trend: 69.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 142.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.41 > 0.02 and ΔFCF/TA -20.77 > 1.0 |
| NWC/Revenue: -503.8% < 20% (prev -816.2%; Δ 312.4% < -1%) |
| CFO/TA -0.41 > 3% & CFO -9.15b > Net Income 142.8m |
| Net Debt (18.9b) to EBITDA (724.5m): 26.11 < 3 |
| Current Ratio: 0.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (87.1m) vs 12m ago 0.20% < -2% |
| Gross Margin: 64.12% > 18% (prev 52.79%; Δ 11.32% > 0.5%) |
| Asset Turnover: 7.52% > 50% (prev 3.98%; Δ 3.54% > 0%) |
| Interest Coverage Ratio: 0.75 > 6 (EBIT TTM 722.8m / Interest Expense TTM 968.0m) |
| A: -0.31 (Total Current Assets 541.5m - Total Current Liabilities 7.62b) / Total Assets 22.5b |
| B: -0.03 (Retained Earnings -603.6m / Total Assets 22.5b) |
| C: 0.04 (EBIT TTM 722.8m / Avg Total Assets 18.7b) |
| D: 0.09 (Book Value of Equity 1.87b / Total Liabilities 20.6b) |
| Altman-Z'' = -1.80 = D |
As of July 13, 2026, the stock is trading at USD 10.28 with a total of 983,927 shares traded. Over the past week, the price has changed by -1.12%, over one month by +5.62%, over three months by -10.55% and over the past year by -6.55%.
Current recommended Stop Loss: 9.60 (which is 6.6% or 2 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 | 12.1 | 17.8% |
P/E Trailing = 9.0268
P/E Forward = 7.0373
P/S = 1.305
P/B = 0.6877
P/EG = 0.7576
Revenue TTM = 1.40b USD
EBIT TTM = 722.8m USD
EBITDA TTM = 724.5m USD
Long Term Debt = 13.0b USD (from longTermDebt, last quarter)
Short Term Debt = 7.30b USD (from shortTermDebt, last quarter)
Debt = 20.3b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.9b USD (calculated: Debt 20.3b - CCE 1.37b)
Enterprise Value = 19.8b USD (881.6m + Debt 20.3b - CCE 1.37b)
Interest Coverage Ratio = 0.75 (Ebit TTM 722.8m / Interest Expense TTM 968.0m)
EV/FCF = -2.16x (Enterprise Value 19.8b / FCF TTM -9.15b)
FCF Yield = -46.21% (FCF TTM -9.15b / Enterprise Value 19.8b)
FCF Margin = -651.2% (FCF TTM -9.15b / Revenue TTM 1.40b)
Net Margin = 10.17% (Net Income TTM 142.8m / Revenue TTM 1.40b)
Gross Margin = 64.12% ((Revenue TTM 1.40b - Cost of Revenue TTM 504.1m) / Revenue TTM)
Gross Margin QoQ = 92.34% (prev 91.55%)
Tobins Q-Ratio = 0.88 (Enterprise Value 19.8b / Total Assets 22.5b)
Interest Expense / Debt = 4.77% (Interest Expense 968.0m / Debt 20.3b)
Taxrate = 8.47% (2.28m / 26.9m)
NOPAT = 661.5m (EBIT 722.8m * (1 - 8.47%))
Current Ratio = 0.07 (Total Current Assets 541.5m / Total Current Liabilities 7.62b)
Debt / Equity = 10.87 (Debt 20.3b / totalStockholderEquity, last quarter 1.87b)
Debt / EBITDA = 26.11 (Net Debt 18.9b / EBITDA 724.5m)
Debt / FCF = -2.07 (negative FCF - burning cash) (Net Debt 18.9b / FCF TTM -9.15b)
Total Stockholder Equity = 1.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.76% (Net Income 142.8m / Total Assets 22.5b)
RoE = 7.62% (Net Income TTM 142.8m / Total Stockholder Equity 1.87b)
RoCE = 4.86% (EBIT 722.8m / Capital Employed (Equity 1.87b + L.T.Debt 13.0b))
RoIC = 2.99% (NOPAT 661.5m / Invested Capital 22.1b)
WACC = 4.51% (E(881.6m)/V(21.2b) * Re(7.88%) + D(20.3b)/V(21.2b) * Rd(4.77%) * (1-Tc(0.08)))
Discount Rate = 7.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 17.98 | Cagr: -10.22%
[DCF] Fair Price = unknown (Cash Flow -9.15b)
EPS Correlation: -12.34 | EPS CAGR: -4.14% | SUE: -0.94 | # QB: -1
Revenue Correlation: 69.19 | Revenue CAGR: 27.40% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.30 | Chg30d=-3.23% | Revisions=-62% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.33 | Chg30d=-0.52% | Revisions=-57% | Analysts=6
EPS current Year (2026-12-31): EPS=1.18 | Chg30d=-2.34% | Revisions=-62% | GrowthEPS=+19.4% | GrowthRev=+22.5%
EPS next Year (2027-12-31): EPS=1.49 | Chg30d=-1.19% | Revisions=-62% | GrowthEPS=+26.1% | GrowthRev=+6.3%
[Analyst] Revisions Ratio: -86% (up=0, down=19)