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CHMI

Cherry Hill Mortgage InvestmentNYSE:CHMI Stock Report

Market Cap

US$155.3m

7D

-4.0%

1Y

-10.0%

Updated

04 Dec, 2021

Data

Company Financials +
CHMI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance2/6
Financial Health1/6
Dividends3/6

CHMI Stock Overview

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

Cherry Hill Mortgage Investment Competitors

Annaly Capital Management

NYSE:NLY

US$11.6b

AGNC Investment

NasdaqGS:AGNC

US$7.9b

Starwood Property Trust

NYSE:STWD

US$7.2b

Blackstone Mortgage Trust

NYSE:BXMT

US$5.0b

Price History & Performance

Summary of all time highs, changes and price drops for Cherry Hill Mortgage Investment
Historical stock prices
Current Share PriceUS$8.51
52 Week HighUS$10.68
52 Week LowUS$8.41
Beta1.26
1 Month Change-7.10%
3 Month Change-6.59%
1 Year Change-10.04%
3 Year Change-54.93%
5 Year Change-54.37%
Change since IPO-54.00%

Recent News & Updates

Shareholder Returns

CHMIUS Mortgage REITsUS Market
7D-4.0%-3.0%-3.5%
1Y-10.0%11.3%19.4%

Return vs Industry: CHMI underperformed the US Mortgage REITs industry which returned 11.3% over the past year.

Return vs Market: CHMI underperformed the US Market which returned 19.4% over the past year.

Price Volatility

Is CHMI's price volatile compared to industry and market?
CHMI volatility
CHMI Average Weekly Movement2.2%
Mortgage REITs Industry Average Movement2.8%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: CHMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CHMI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012n/aJay Lownhttps://www.chmireit.com

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 Investments in RMBS, Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and residential mortgage-backed securities (RMBS).

Cherry Hill Mortgage Investment Fundamentals Summary

How do Cherry Hill Mortgage Investment's earnings and revenue compare to its market cap?
CHMI fundamental statistics
Market CapUS$155.34m
Earnings (TTM)US$4.73m
Revenue (TTM)US$44.06m

32.8x

P/E Ratio

3.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHMI income statement (TTM)
RevenueUS$44.06m
Cost of RevenueUS$15.17m
Gross ProfitUS$28.89m
ExpensesUS$24.16m
EarningsUS$4.73m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.26
Gross Margin65.56%
Net Profit Margin10.74%
Debt/Equity Ratio324.8%

How did CHMI perform over the long term?

See historical performance and comparison

Dividends

12.7%

Current Dividend Yield

390%

Payout Ratio

Valuation

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

32.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CHMI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CHMI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CHMI is poor value based on its PE Ratio (32.8x) compared to the US Mortgage REITs industry average (9.5x).

PE vs Market: CHMI is poor value based on its PE Ratio (32.8x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: CHMI is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CHMI's PB Ratio (0.9x) is in line with the US Mortgage REITs industry average.


Future Growth

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

81.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHMI's forecast earnings growth (81% per year) is above the savings rate (2%).

Earnings vs Market: CHMI's earnings (81% per year) are forecast to grow faster than the US market (14.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CHMI's revenue is expected to decline over the next 3 years (-12.9% per year).

High Growth Revenue: CHMI's revenue is forecast to decline over the next 3 years (-12.9% 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


Past Performance

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

-43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CHMI has high quality earnings.

Growing Profit Margin: CHMI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CHMI's earnings have declined by 43% per year over the past 5 years.

Accelerating Growth: CHMI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CHMI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (46.7%).


Return on Equity

High ROE: CHMI's Return on Equity (5.3%) is considered low.


Financial Health

How is Cherry Hill Mortgage Investment's financial position?


Financial Position Analysis

Short Term Liabilities: CHMI's short term assets ($117.7M) do not cover its short term liabilities ($796.9M).

Long Term Liabilities: CHMI's short term assets ($117.7M) do not cover its long term liabilities ($135.0M).


Debt to Equity History and Analysis

Debt Level: CHMI's net debt to equity ratio (296.1%) is considered high.

Reducing Debt: CHMI's debt to equity ratio has reduced from 325.6% to 324.8% over the past 5 years.

Debt Coverage: CHMI's debt is not well covered by operating cash flow (5.5%).

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


Balance Sheet


Dividend

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

12.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CHMI's dividend (12.69%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CHMI's dividend (12.69%) is in the top 25% of dividend payers in the US market (3.61%)


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 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (390.3%), CHMI's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CHMI's dividends in 3 years are forecast to be covered by earnings (69.9% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Jay Lown (57 yo)

4.75yrs

Tenure

US$109,125

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

Experienced Management: CHMI's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: CHMI's board of directors are considered experienced (7.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.


Top Shareholders

Company Information

Cherry Hill Mortgage Investment Corporation's 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$155.338m
  • Market Cap: US$152.380m
  • Shares outstanding: 18.25m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/04 00:14
End of Day Share Price2021/12/03 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.