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Chimera Investment

DB:4CR1
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4CR1
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Chimera Investment Corporation operates as a real estate investment trust in the United States. The last earnings update was 62 days ago. More info.


Add to Portfolio Compare Print
4CR1 Share Price and Events
7 Day Returns
1.5%
DB:4CR1
0.6%
Global Mortgage REITs
1%
DE Market
1 Year Returns
18.8%
DB:4CR1
1.6%
Global Mortgage REITs
-5.6%
DE Market
4CR1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chimera Investment (4CR1) 1.5% 0.6% 2.6% 18.8% 36.4% 49.5%
Global Mortgage REITs 0.6% 0.5% 1.6% 1.6% 11.1% -7.2%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • 4CR1 outperformed the Mortgage REITs industry which returned 1.6% over the past year.
  • 4CR1 outperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
4CR1
Industry
5yr Volatility vs Market

4CR1 Value

 Is Chimera Investment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Chimera Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Chimera Investment.

DB:4CR1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity
= $16.84 * 12.4%
$2.09
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $16.84
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4CR1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.292 (1 + (1- 21%) (637.22%))
1.509
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.509 * 5.96%)
9.22%

Discounted Cash Flow Calculation for DB:4CR1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Chimera Investment is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:4CR1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.4% – 9.22%) * $16.84)
$0.54
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.54 / (9.22% - 0.23%)
$5.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.84 + $5.98
$22.82
DB:4CR1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4CR1 represents 0.88084x of NYSE:CIM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88084x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 22.82 x 0.88084
€20.10
Value per share (EUR) From above. €20.10
Current discount Discount to share price of €16.82
= -1 x (€16.82 - €20.10) / €20.10
16.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Chimera Investment is available for.
Intrinsic value
16%
Share price is €16.82 vs Future cash flow value of €20.1
Current Discount Checks
For Chimera Investment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Chimera Investment's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Chimera Investment's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Chimera Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chimera Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4CR1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.97
NYSE:CIM Share Price ** NYSE (2019-04-24) in USD $19.1
Global Mortgage REITs Industry PE Ratio Median Figure of 22 Publicly-Listed Mortgage REITs Companies 11.47x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Chimera Investment.

DB:4CR1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CIM Share Price ÷ EPS (both in USD)

= 19.1 ÷ 1.97

9.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chimera Investment is good value based on earnings compared to the Global Mortgage REITs industry average.
  • Chimera Investment is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Chimera Investment's expected growth come at a high price?
Raw Data
DB:4CR1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
8.3%per year
Global Mortgage REITs Industry PEG Ratio Median Figure of 20 Publicly-Listed Mortgage REITs Companies 1.09x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:4CR1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.7x ÷ 8.3%

1.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chimera Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Chimera Investment's assets?
Raw Data
DB:4CR1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $19.80
NYSE:CIM Share Price * NYSE (2019-04-24) in USD $19.1
Global Mortgage REITs Industry PB Ratio Median Figure of 36 Publicly-Listed Mortgage REITs Companies 1x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:4CR1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CIM Share Price ÷ Book Value per Share (both in USD)

= 19.1 ÷ 19.80

0.96x

* Primary Listing of Chimera Investment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Chimera Investment is good value based on assets compared to the Global Mortgage REITs industry average.
X
Value checks
We assess Chimera Investment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. Chimera Investment has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4CR1 Future Performance

 How is Chimera Investment expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chimera Investment expected to grow at an attractive rate?
  • Chimera Investment's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Chimera Investment's earnings growth is positive but not above the Germany market average.
  • Chimera Investment's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4CR1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4CR1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 8.3%
DB:4CR1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.2%
Global Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 30.7%
Global Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 18.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4CR1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4CR1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 750 495 1
2020-12-31 611 436 4
2019-12-31 604 435 4
DB:4CR1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 494 298 368
2018-09-30 696 668 584
2018-06-30 688 610 566
2018-03-31 747 625 563
2017-12-31 687 487 491
2017-09-30 810 598 612
2017-06-30 838 622 655
2017-03-31 801 506 624
2016-12-31 611 553 549
2016-09-30 496 406 445
2016-06-30 299 318 224
2016-03-31 299 470 266

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chimera Investment's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Chimera Investment's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4CR1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Chimera Investment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4CR1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.44 2.58 2.30 2.00
2020-12-31 2.28 2.51 2.16 5.00
2019-12-31 2.31 2.47 2.19 5.00
DB:4CR1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.97
2018-09-30 3.12
2018-06-30 3.02
2018-03-31 3.00
2017-12-31 2.62
2017-09-30 3.26
2017-06-30 3.49
2017-03-31 3.32
2016-12-31 2.93
2016-09-30 2.37
2016-06-30 1.18
2016-03-31 1.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Chimera Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Chimera Investment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Chimera Investment has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4CR1 Past Performance

  How has Chimera Investment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Chimera Investment's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Chimera Investment's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Chimera Investment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chimera Investment's 1-year earnings growth is negative, it can't be compared to the Global Mortgage REITs industry average.
Earnings and Revenue History
Chimera Investment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Chimera Investment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4CR1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 493.51 368.44 59.05
2018-09-30 695.95 583.88 54.65
2018-06-30 687.89 566.36 52.46
2018-03-31 747.35 563.27 50.17
2017-12-31 687.02 491.18 47.86
2017-09-30 809.84 612.43 48.18
2017-06-30 838.35 655.41 47.35
2017-03-31 800.85 623.92 46.29
2016-12-31 611.14 549.49 44.42
2016-09-30 496.40 445.42 47.83
2016-06-30 298.51 224.35 52.02
2016-03-31 298.55 266.41 55.63
2015-12-31 448.88 250.35 59.88
2015-09-30 299.70 141.46 59.15
2015-06-30 670.01 567.30 52.63
2015-03-31 618.98 555.88 48.36
2014-12-31 575.15 589.21 43.98
2014-09-30 675.06 655.03 38.01
2014-06-30 385.20 344.82 38.20
2014-03-31 421.49 383.25 36.05
2013-12-31 398.59 362.69 33.25
2013-09-30 408.65 369.06 39.59
2013-06-30 476.04 429.76 46.28
2013-03-31 380.68 327.34 53.34
2012-12-31 386.57 327.77 58.80
2012-09-30 352.88 291.83 61.09
2012-06-30 163.89 103.73 60.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Chimera Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chimera Investment used its assets less efficiently than the Global Mortgage REITs industry average last year based on Return on Assets.
  • Unable to establish if Chimera Investment improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Chimera Investment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Chimera Investment has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4CR1 Health

 How is Chimera Investment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Chimera Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chimera Investment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Chimera Investment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chimera Investment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Chimera Investment Company Filings, last reported 3 months ago.

DB:4CR1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,703.83 22,645.80 84.95
2018-09-30 3,913.18 20,137.70 276.12
2018-06-30 3,650.14 18,647.16 220.01
2018-03-31 3,670.74 16,719.05 193.92
2017-12-31 3,634.98 16,845.21 112.48
2017-09-30 3,646.43 16,627.20 60.58
2017-06-30 3,576.69 16,031.96 183.65
2017-03-31 3,512.09 16,267.51 93.45
2016-12-31 3,123.53 12,878.47 187.39
2016-09-30 3,036.80 13,397.71 158.76
2016-06-30 2,963.08 13,824.06 70.25
2016-03-31 2,913.64 11,668.61 196.02
2015-12-31 2,946.19 11,698.88 129.52
2015-09-30 3,118.72 11,958.68 52.33
2015-06-30 3,440.07 11,716.40 70.98
2015-03-31 3,523.20 13,178.55 129.31
2014-12-31 3,607.69 13,564.84 168.25
2014-09-30 3,591.23 12,924.01 249.44
2014-06-30 3,440.70 6,986.24 73.87
2014-03-31 3,370.15 3,059.42 44.22
2013-12-31 3,331.51 3,292.47 85.72
2013-09-30 3,567.30 3,352.26 125.49
2013-06-30 3,627.83 3,453.98 168.15
2013-03-31 3,653.67 3,677.20 649.53
2012-12-31 3,542.48 4,096.29 621.15
2012-09-30 3,418.19 4,013.13 458.11
2012-06-30 3,180.71 5,001.55 116.23
  • Chimera Investment's level of debt (611.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (98.7% vs 611.4% today).
  • Debt is not well covered by operating cash flow (1.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Chimera Investment's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Chimera Investment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Chimera Investment has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4CR1 Dividends

 What is Chimera Investment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.47%
Current annual income from Chimera Investment dividends. Estimated to be 10.57% next year.
If you bought €2,000 of Chimera Investment shares you are expected to receive €209 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Chimera Investment's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Chimera Investment's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4CR1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Global Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 10.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4CR1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.06 2.00
2020-12-31 2.02 5.00
2019-12-31 2.00 6.00
DB:4CR1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-12 2.000 10.616
2018-10-30 2.000 10.743
2018-05-02 2.000 10.879
2018-02-13 2.000 11.533
2017-11-01 2.000 11.055
2017-08-01 2.000 10.535
2017-02-14 2.000 10.434
2016-11-03 2.000 11.621
2016-11-01 2.000 12.579
2016-09-08 1.920 12.233
2016-08-04 1.920 11.665
2016-08-03 1.920 11.485
2016-05-04 1.920 12.354
2016-05-02 1.920 13.566
2015-12-11 1.920 14.495
2015-09-14 1.920 13.722
2015-08-07 1.920 13.776
2015-08-05 1.920 13.547
2015-03-17 1.920 12.992
2014-12-18 1.800 11.244
2014-09-17 1.800 11.257
2014-06-04 1.800 11.176
2014-03-20 1.800 11.623
2013-05-06 1.800 11.826
2012-11-28 1.800 12.070
2012-09-19 1.800 13.574
2012-06-19 1.800 14.838
2012-03-01 2.200 15.408
2011-12-19 2.200 15.417
2011-09-21 2.600 18.775
2011-06-20 2.600 16.454
2011-03-21 2.800 14.443
2011-02-28 3.450 16.263
2011-02-09 3.450 16.378
2010-12-20 3.400 16.272
2010-09-22 3.600 17.626
2010-06-10 3.400 17.582
2010-03-18 3.400 17.233
2010-02-26 2.150 10.690
2009-12-22 3.400 17.317
2009-09-21 2.400 12.347
2009-05-21 1.600 8.958

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Chimera Investment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Chimera Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chimera Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chimera Investment has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4CR1 Management

 What is the CEO of Chimera Investment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Lambiase
COMPENSATION $6,691,295
AGE 52
TENURE AS CEO 11.7 years
CEO Bio

Mr. Matthew J. Lambiase, also known as Matt, has been the President and Chief Executive Officer at Chimera Investment Corporation since August 2007. Mr. Lambiase served as a Managing Director of Structured Products at Annaly Capital Management, Inc. since June 2009 and served as Head of its Business Development. Mr. Lambiase served as an Executive Vice President of Structured Products and Member of the Investment Committee at Fixed Income Discount Advisory Company (FIDAC). He served as Executive Vice President of Structured Products at Annaly Capital Management, Inc. He joined these companies in June 2004. Prior to this, Mr. Lambiase served as a Director in Fixed Income Sales at Nomura Securities International, Inc. Over his 11 year employment at Nomura, he was responsible for the distribution of commercial and residential mortgage-backed securities to a wide variety of institutional investors. Mr. Lambiase also served positions at Bear, Stearns & Company as a Vice President in Institutional Fixed Income Sales and a Mortgage Analyst in the Financial Analytics and Structured Transaction Group. He has been a Director of Chimera Investment Corporation since August 2007. He has a Bachelors degree in Economics from The University of Dayton.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year.
  • Matt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Chimera Investment management team in years:

5.3
Average Tenure
52
Average Age
  • The average tenure for the Chimera Investment management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Matt Lambiase

TITLE
President
COMPENSATION
$7M
AGE
52
TENURE
11.7 yrs

Rob Colligan

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
47
TENURE
5.9 yrs

Choudhary Yarlagadda

TITLE
Chief Operating Officer
COMPENSATION
$5M
AGE
56
TENURE
3.7 yrs

Mohit Marria

TITLE
Chief Investment Officer
COMPENSATION
$3M
AGE
40
TENURE
5.3 yrs

Phillip Kardis

TITLE
Chief Legal Officer & Corporate Secretary
COMPENSATION
$3M
AGE
57
TENURE
3.6 yrs

Emily Mohr

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the Chimera Investment board of directors in years:

9
Average Tenure
62.5
Average Age
  • The tenure for the Chimera Investment board of directors is about average.
Board of Directors

Paul Donlin

TITLE
Non-Executive Chairman
COMPENSATION
$288K
AGE
57
TENURE
11.4 yrs

Matt Lambiase

TITLE
President
COMPENSATION
$7M
AGE
52
TENURE
11.7 yrs

Mark Abrams

TITLE
Director
COMPENSATION
$227K
AGE
69
TENURE
11.4 yrs

Gerry Creagh

TITLE
Director
COMPENSATION
$220K
AGE
60
TENURE
9 yrs

Dennis Mahoney

TITLE
Director
COMPENSATION
$245K
AGE
76
TENURE
9 yrs

Jack Reilly

TITLE
Director
COMPENSATION
$212K
AGE
70
TENURE
9 yrs

Teresa A. Bazemore

TITLE
Director
COMPENSATION
$212K
AGE
58
TENURE
1.4 yrs

Debra Still

TITLE
Independent Director
COMPENSATION
$176K
AGE
65
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Chimera Investment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Chimera Investment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4CR1 News

Simply Wall St News

4CR1 Company Info

Description

Chimera Investment Corporation operates as a real estate investment trust in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a real estate investment trust. As a result, the company would not be subject to U.S. federal income tax, if it distributes at least 90% of its REIT taxable income to its shareholders. Chimera Investment Corporation was founded in 2007 and is headquartered in New York, New York.

Details
Name: Chimera Investment Corporation
4CR1
Exchange: DB
Founded: 2007
$3,175,378,136
187,144,009
Website: http://www.chimerareit.com
Address: Chimera Investment Corporation
520 Madison Avenue,
32nd Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CIM Common Stock New York Stock Exchange US USD 16. Nov 2007
DB 4CR1 Common Stock Deutsche Boerse AG DE EUR 16. Nov 2007
NYSE CIM.PRA PFD SER A New York Stock Exchange US USD 07. Oct 2016
NYSE CIM.PRB PFD SER B New York Stock Exchange US USD 23. Feb 2017
NYSE CIM.PRC 7.75% CUM PFD C New York Stock Exchange US USD 14. Sep 2018
NYSE CIM.PRD 8% PFD CUM SER D New York Stock Exchange US USD 16. Jan 2019
Number of employees
Current staff
Staff numbers
38
Chimera Investment employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:50
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.