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PMT
PennyMac Mortgage Investment Trust
$8.8
-0.14
(-1.57%)
| Exchange: | NYSE |
| Market Cap: | 767.381M |
| Shares Outstanding: | 16.775M |
Delayed data
About The Company
| Sector: | Real EstateView sector performance | |||||
| Industry: | REIT – MortgageView industry performance | |||||
| CEO: | David A. Spector | |||||
| Full Time Employees: | 7 | |||||
| Address: |
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| Website: | https://pmt.pennymac.com |
PennyMac Mortgage Investment Trust (PMT) functions as a specialized financial firm, concentrating its investments primarily on mortgage-related assets within the United States. The company operates through several key divisions: Its Credit Sensitive Strategies segment channels capital into various instruments, including credit risk transfer (CRT) agreements and securities, distressed loans, real estate holdings, and non-agency subordinated bonds. The Interest Rate Sensitive Strategies segment focuses on investments such as mortgage servicing rights, excess servicing spreads, and both agency and senior non-agency mortgage-backed securities (MBS), while also undertaking related interest rate hedging activities. Through its Correspondent Production segment, PMT engages in the acquisition, pooling, and subsequent resale of newly originated prime credit residential loans, either directly or packaged as MBS. The trust is externally managed by PNMAC Capital Management, LLC. For federal income tax purposes, PennyMac Mortgage Investment Trust qualifies as a real estate investment trust (REIT). This status generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its shareholders. PMT was founded in 2009 and has its headquarters situated in Westlake Village, California.
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Revenue Segmentation
PMT full analysis
Welcome to MARKETSNAP’s SWOT analysis for PennyMac Mortgage Investment Trust, or PMT as you might know it on the ticker. If you’re a long-term investor looking to build wealth, you’re in the right place. Today, we’re diving deep into what makes PennyMac tick, breaking down its strengths, weaknesses, opportunities, and threats, while keeping an eye on both short-term trends and long-term potential. Let’s get started with a quick overview of who they are and what’s been happening with this company…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| PMT | PennyMac Mortgage Investment Trust | 767.4M | 6.4 | 8.7 | 4.4% |
 ADAM | Adamas Trust, Inc. | 800.7M | 5.3 | 6.8 | 5.0% |
 MITN | TPG Mortgage Investment Trust Inc 9.5… | 807.8M | 34.4 | 24.0 | 882.2% |
 PMTU | PennyMac Mortgage Investment Trust | 818.1M | 6.4 | 25.2 | 4.4% |
 ABR | Arbor Realty Trust | 823.3M | 31.3 | 15.9 | 176.8% |
 ARI | Apollo Commercial Real Estate Finance,… | 840.7M | 8.4 | 14.0 | 23.9% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 725,867 | 504,603 | 1,744,979 |
| Gross Profit | 603,764 | 380,495 | 1,598,531 |
| EBITDA | 1,279,344 | 1,027,715.999 | 93,818 |
| Operating Income | 558,229 | 331,327 | 1,377,921 |
| Net Income | 199,654 | 160,984 | 127,872 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 13,113,887 | 14,408,706 | 21,346,882 |
| Total Liabilities | 11,156,797 | 12,470,206 | 19,459,551 |
| Total Stockholders Equity | 1,957,090 | 1,938,500 | 1,887,331 |
| Total Debt | 4,847,794 | 12,130,129 | 19,094,332 |
| Cash and Cash Equivalents | 281,085 | 337,694 | 271,970 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,340,173 | -2,734,330 | 142,288 |
| Capital Expenditure | -14,632 | 0 | 0 |
| Free Cash Flow | 1,325,541 | -2,732,146 | 142,288 |
| Net Income | 199,654 | 160,196 | 127,872 |
| Net Change in Cash | 169,219 | 56,609 | -37 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 414,881.907 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 458,508.772 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 434,974.540 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 162,617.102 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 189,512.760 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 182,673.774 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 121,056.851 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 141,588.629 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 136,367.840 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | -4,810.879 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | -4,353.127 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | -4,563.948 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.510 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 1.630 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.390 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: PMT has demonstrated robust revenue figures as per the latest income statements, reflecting a solid top-line growth trajectory. This performance aligns with positive industry trends within the sector, as indicated by the industry performance metrics.
- Healthy Free Cash Flow: The cash flow statements highlight a strong free cash flow yield (freeCashFlowYieldTTM), indicating PMT's ability to generate cash after capital expenditures. This provides financial flexibility for reinvestment or dividend payments.
- Competitive Valuation Metrics: PMT's price-to-earnings ratio (priceToEarningsRatioTTM) and forward P/E estimates suggest the stock is reasonably valued compared to the industry average (industry_avg_priceToEarningsRatioTTM), potentially appealing to value-focused investors.
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At what price to buy it? -
Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about PMT valuation
Is PennyMac Mortgage Investment Trust (PMT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for PennyMac Mortgage Investment Trust (PMT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PMT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PMT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PMT’s P/E ratio?
You can see PMT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PMT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PMT a good long-term investment?
Whether PMT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PMT
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Daily snapshot
-1.57
Trading Metrics:
| Open: | 8.85 | Previous Close: | 8.94 | |
| Day Low: | 8.8 | Day High: | 9 | |
| Year Low: | 8.8 | Year High: | 13.81 | |
| Price Avg 50: | 9.52 | Price Avg 200: | 11.23 | |
| Volume: | 4.252M | Average Volume: | 1.379M |
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