NYSE:CHMI

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Cherry Hill Mortgage Investment

Executive Summary

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. More Details


Snowflake Analysis

Slightly overvalued with limited growth.


Similar Companies

Share Price & News

How has Cherry Hill Mortgage Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CHMI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

CHMI

2.1%

US Mortgage REITs

3.9%

US Market


1 Year Return

-30.5%

CHMI

-37.0%

US Mortgage REITs

18.5%

US Market

Return vs Industry: CHMI exceeded the US Mortgage REITs industry which returned -37% over the past year.

Return vs Market: CHMI underperformed the US Market which returned 17.2% over the past year.


Shareholder returns

CHMIIndustryMarket
7 Day-3.3%2.1%3.9%
30 Day-6.1%-3.2%-4.3%
90 Day4.3%7.4%8.1%
1 Year-20.4%-30.5%-30.1%-37.0%21.2%18.5%
3 Year-28.3%-50.4%-23.4%-44.7%38.2%29.0%
5 Year7.6%-41.7%11.0%-36.0%84.3%63.4%

Price Volatility Vs. Market

How volatile is Cherry Hill Mortgage Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cherry Hill Mortgage Investment undervalued compared to its fair value and its price relative to the market?

25.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CHMI ($8.98) is trading below our estimate of fair value ($12.08)

Significantly Below Fair Value: CHMI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CHMI is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.

PE vs Market: CHMI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CHMI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CHMI's PB Ratio (0.7x) is in line with the US Mortgage REITs industry average.


Next Steps

Future Growth

How is Cherry Hill Mortgage Investment forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

148.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHMI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CHMI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CHMI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CHMI's revenue (69.7% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: CHMI's revenue (69.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CHMI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Cherry Hill Mortgage Investment performed over the past 5 years?

-36.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHMI is currently unprofitable.

Growing Profit Margin: CHMI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CHMI is unprofitable, and losses have increased over the past 5 years at a rate of 36.8% per year.

Accelerating Growth: Unable to compare CHMI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CHMI is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-36.7%).


Return on Equity

High ROE: CHMI has a negative Return on Equity (-14.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cherry Hill Mortgage Investment's financial position?


Financial Position Analysis

Short Term Liabilities: CHMI's short term assets ($185.7M) do not cover its short term liabilities ($1.5B).

Long Term Liabilities: CHMI's short term assets ($185.7M) exceed its long term liabilities ($131.8M).


Debt to Equity History and Analysis

Debt Level: CHMI's debt to equity ratio (440.8%) is considered high.

Reducing Debt: CHMI's debt to equity ratio has increased from 254.5% to 440.8% over the past 5 years.

Debt Coverage: CHMI's debt is not well covered by operating cash flow (4.1%).

Interest Coverage: Insufficient data to determine if CHMI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Cherry Hill Mortgage Investment current dividend yield, its reliability and sustainability?

12.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHMI's dividend (12.03%) is higher than the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: CHMI's dividend (12.03%) is in the top 25% of dividend payers in the US market (4.89%)


Stability and Growth of Payments

Stable Dividend: CHMI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CHMI has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: CHMI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Jay Lown (56 yo)

3.5yrs

Tenure

US$211,680

Compensation

Mr. Jeffrey B. Lown II, also known as Jay, has been the President of Cherry Hill Mortgage Investment Corporation since October 2012 and has been its Chief Executive Officer since March 23, 2017 and served ...


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Lown
President3.5yrsUS$211.68k0.064%
$ 100.4k
Michael Hutchby
CFO, Treasurer1.25yrsUS$860.31kno data
Julian Evans
Chief Investment Officer4.5yrsUS$141.12k0.025%
$ 39.2k
Robert Wipperman
General Counselno datano datano data
Raymond Slater
Senior VP & MSR Portfolio Managerno datano datano data

3.5yrs

Average Tenure

50yo

Average Age

Experienced Management: CHMI's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Lown
President3.5yrsUS$211.68k0.064%
$ 100.4k
Joseph Murin
Lead Independent Director6.5yrsUS$146.18k0.16%
$ 254.8k
Robert Mercer
Independent Director3.5yrsUS$138.68k0.10%
$ 158.1k
Regina Lowrie
Independent Director5.25yrsUS$136.18k0.13%
$ 206.3k

5.9yrs

Average Tenure

68yo

Average Age

Experienced Board: CHMI's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cherry Hill Mortgage Investment Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cherry Hill Mortgage Investment Corporation
  • Ticker: CHMI
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$157.348m
  • Market Cap: US$153.350m
  • Shares outstanding: 17.39m
  • Website: https://www.chmireit.com

Number of Employees


Location

  • Cherry Hill Mortgage Investment Corporation
  • 1451 Route 34
  • Suite 303
  • Farmingdale
  • New Jersey
  • 7727
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CHMINYSE (New York Stock Exchange)YesCommon StockUSUSDOct 2013
CHMI.PRANYSE (New York Stock Exchange)8.20% CUM PFD AUSUSDAug 2017
CHMI.PRBNYSE (New York Stock Exchange)8.250 CUM PFD BUSUSDFeb 2019

Biography

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Inve ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 23:35
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.