PennyMac Mortgage Investment Trust
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
7.9612.6014.829.028.457.7733.3729.68-15.456.546.517.77
Price/Sales ratio
7.0310.4011.976.716.847.8816.0920.3710.981.790.987.88
Price/Book Value ratio
0.980.750.830.680.820.710.760.710.570.660.560.71
Price/Cash Flow ratio
-4.23-1.31-1.804.76-2.25-0.582.60-0.590.630.97-1.92-2.25
Price/Free Cash Flow ratio
-4.23-1.31-1.794.76-2.25-0.582.60-0.600.630.98-1.85-2.25
Price/Earnings Growth ratio
-0.48-0.23-1.760.220.190.50-0.37-8.010.03-0.010.690.19
Dividend Yield
11.25%15.23%11.70%13.19%10.88%9.42%10.09%12.68%19.01%13.96%12.74%10.88%
Profitability Indicator Ratios
Gross Profit Margin
74.10%39.60%0.55%40.86%50.22%25.55%-110.43%-129.44%24.77%79.73%89.63%50.22%
Operating Profit Margin
-25.63%-59.55%-97.89%-57.59%176.46%85.40%73.39%53.91%46.45%76.90%56.69%85.40%
Pretax Profit Margin
81.40%67.16%65.84%78.65%83.68%85.40%73.39%53.91%61.18%33.66%11.52%85.40%
Net Profit Margin
88.24%82.55%80.81%74.36%80.93%101.40%48.21%68.63%-71.07%27.50%15.09%101.40%
Effective Tax Rate
-8.40%-22.91%-22.74%5.45%3.28%-18.73%34.31%-27.30%216.16%18.30%-30.90%-18.73%
Return on Assets
3.96%1.54%1.19%2.10%1.95%1.92%0.45%0.41%-0.52%1.52%1.28%1.92%
Return On Equity
12.32%6.02%5.61%7.62%9.75%9.23%2.28%2.40%-3.73%10.20%8.59%9.23%
Return on Capital Employed
-1.16%-1.16%-1.51%-1.63%4.30%1.63%0.69%0.32%0.43%4.53%6.92%4.30%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A0.05N/AN/AN/AN/A0.13N/A
Quick Ratio
4.420.400.647.684.3225.0124.8020.100.120.590.1325.01
Cash ratio
1.480.211.6524.3917.0622.7522.8918.340.480.350.0822.75
Days of Sales Outstanding
N/AN/AN/AN/A7.88296.54470.0670.29236.9632.9227.027.88
Days of Inventory outstanding
-71.00-55.84-131.89-443.89-649.22144.0545.8327.6136.39N/AN/A-649.22
Operating Cycle
-71.00-55.84-131.89-443.89-641.34440.60515.9097.90273.3632.9227.02-641.34
Days of Payables Outstanding
433.44357.03437.73279.95414.38256.69216.45204.98857.14961.89473.69414.38
Cash Conversion Cycle
-504.44-412.87-569.62-723.84-1.05K183.91299.45-107.08-583.78-928.97-446.67-1.05K
Debt Ratios
Debt Ratio
0.080.15N/AN/A0.060.20N/AN/AN/A0.360.270.06
Debt Equity Ratio
0.270.60N/AN/A0.330.97N/AN/AN/A2.471.880.33
Long-term Debt to Capitalization
0.210.37N/AN/A0.250.49N/AN/AN/A0.71N/A0.49
Total Debt to Capitalization
0.210.37N/AN/A0.250.49N/AN/AN/A0.710.650.25
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.88N/A
Cash Flow to Debt Ratio
-0.85-0.94N/AN/A-1.08-1.25N/AN/AN/A0.27-0.15-1.08
Company Equity Multiplier
3.103.894.703.624.984.805.015.817.096.706.744.98
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-1.66-7.90-6.621.40-3.03-13.376.18-34.0317.301.84-0.50-3.03
Free Cash Flow / Operating Cash Flow Ratio
11.001.000.991110.9810.981.031
Cash Flow Coverage Ratio
-0.85-0.94N/AN/A-1.08-1.25N/AN/AN/A0.27-0.15-1.08
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-0.15N/A
Dividend Payout Ratio
89.66%192.03%173.53%119.06%91.97%73.31%337.05%376.61%-293.86%91.37%108.19%91.97%