Chimera Investment Corporation operates as a real estate investment trust in the United States.
Good value unattractive dividend payer.
Share Price & News
How has Chimera Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CIM.PRA has not had significant price volatility in the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: CIM.PRA matched the US Mortgage REITs industry which returned 2.7% over the past year.
Return vs Market: CIM.PRA underperformed the US Market which returned 10.5% over the past year.
Price Volatility Vs. Market
How volatile is Chimera Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Chimera Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CIM.PRA ($26.62) is trading below our estimate of fair value ($62.31)
Significantly Below Fair Value: CIM.PRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CIM.PRA is good value based on its PE Ratio (11.9x) compared to the Mortgage REITs industry average (12.9x).
PE vs Market: CIM.PRA is good value based on its PE Ratio (11.9x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: CIM.PRA is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: CIM.PRA is overvalued based on its PB Ratio (1x) compared to the US Mortgage REITs industry average (1x).
How is Chimera Investment forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CIM.PRA's forecast earnings growth (11.5% per year) is above the savings rate (1.7%).
Earnings vs Market: CIM.PRA's earnings (11.5% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: CIM.PRA's earnings are forecast to grow, but not significantly.
Revenue vs Market: CIM.PRA's revenue is expected to decline over the next 3 years (-19.1% per year).
High Growth Revenue: CIM.PRA's revenue is forecast to decline over the next 3 years (-19.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CIM.PRA's Return on Equity is forecast to be low in 3 years time (12.1%).
How has Chimera Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CIM.PRA has a large one-off loss of $350.4M impacting its December 31 2019 financial results.
Growing Profit Margin: CIM.PRA's current net profit margins (38.4%) are lower than last year (74.7%).
Past Earnings Growth Analysis
Earnings Trend: CIM.PRA's earnings have declined by -6.2% per year over the past 5 years.
Accelerating Growth: CIM.PRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CIM.PRA had negative earnings growth (-7.5%) over the past year, making it difficult to compare to the Mortgage REITs industry average (11.3%).
Return on Equity
High ROE: CIM.PRA's Return on Equity (10.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Chimera Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CIM.PRA has a low level of unsold assets or inventory.
Debt Coverage by Assets: CIM.PRA's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: CIM.PRA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CIM.PRA has a sufficient allowance for bad loans.
Low Risk Liabilities: CIM.PRA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CIM.PRA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CIM.PRA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CIM.PRA has an appropriate level of bad loans.
What is Chimera Investment's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CIM.PRA's dividend (9.25%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: CIM.PRA's dividend (9.25%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
Stable Dividend: CIM.PRA's dividend payments have been volatile in the past 10 years.
Growing Dividend: CIM.PRA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109.8%), CIM.PRA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CIM.PRA's dividends in 3 years are not forecast to be well covered by earnings (90.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matt Lambiase (53yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD6.69M) is above average for companies of similar size in the US market ($USD4.93M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||6.8yrs||US$2.64m||0.12% $4.8m|
|Chief Operating Officer||4.5yrs||US$4.77m||0.35% $14.0m|
|Chief Investment Officer||6.2yrs||US$2.89m||0.21% $8.7m|
|Chief Legal Officer & Corporate Secretary||4.4yrs||US$3.02m||0.098% $4.0m|
|Investor Relations Officer||0yrs||no data||no data|
Experienced Management: CIM.PRA's management team is seasoned and experienced (6.2 years average tenure).
|Independent Director||9.8yrs||US$211.67k||0.024% $976.4k|
|Independent Director||2.3yrs||US$211.67k||0.00094% $38.1k|
|Independent Director||12.3yrs||US$226.67k||0.028% $1.1m|
|Independent Director||1.9yrs||US$176.11k||0.0010% $41.7k|
|Independent Director||9.8yrs||US$220.42k||0.053% $2.1m|
|Non-Executive Chairman||12.3yrs||US$288.33k||0.16% $6.5m|
|Independent Director||9.8yrs||US$245.42k||0.033% $1.3m|
|Independent Director||0.6yrs||no data||0.0043% $172.9k|
Experienced Board: CIM.PRA's board of directors are considered experienced (9.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chimera Investment Corporation's company bio, employee growth, exchange listings and data sources
- Name: Chimera Investment Corporation
- Ticker: CIM.PRA
- Exchange: NYSE
- Founded: 2007
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$4.050b
- Shares outstanding: 187.23m
- Website: https://www.chimerareit.com
Number of Employees
- Chimera Investment Corporation
- 520 Madison Avenue
- 32nd Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CIM||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Nov 2007|
|4CR1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2007|
|CIM.PRA||NYSE (New York Stock Exchange)||PFD SER A||US||USD||Oct 2016|
|CIM.PRB||NYSE (New York Stock Exchange)||PFD SER B||US||USD||Feb 2017|
|CIM.PRC||NYSE (New York Stock Exchange)||7.75% CUM PFD C||US||USD||Sep 2018|
|CIM.PRD||NYSE (New York Stock Exchange)||8% PFD CUM SER D||US||USD||Jan 2019|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 01:41|
|End of Day Share Price||2020/02/25 00:00|
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.