PennyMac Mortgage Investment Trust Financial Ratios — PMT-PA

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	422.79	278.66	259.78	214.82	144.32	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	6.52	7.01	5.83	4.23	1.68	1.24	1.97	2.28	2.31	0.45	0.45	-0.53	1.48	1.17	0.72
Return on Capital (%)	34.55	98.66	50.29	- -	- -	- -	13.63	13.39	- -	2.02	- -	-1.53	4.13	- -	- -
Return on Invested Capital (%)	13.46	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	109.02	- -	- -	- -	- -	84.58	66.25	50.37	173.9	- -	- -	- -	- -	- -	- -
Operating Margin (%)	109.02	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	123.82	-83.65	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	80.57	90.14	86.71	85.08	70.18	66.44	79.74	84.36	86.4	74.72	55.06	61.19	87.32	77.73	59.35
Profit Margin (%)	71.62	66.71	80.87	92.23	86.26	81.55	75.38	81.59	102.58	49.08	70.1	-71.08	71.33	87.72	80.9
Net Income to Common Margin (%)	71.62	66.71	80.87	92.23	86.26	81.55	65.61	68.28	91.28	25.71	32.01	-111.64	56.39	64.93	54.44
Effective Tax Rate (%)	11.11	26	6.73	- -	- -	- -	5.46	3.29	- -	34.31	- -	216.17	18.31	- -	- -
Dvd Payout Ratio (%)	61.37	68.59	73.71	89.66	192.03	173.54	121.91	90.41	70.01	552.53	705.73	-150.77	89.09	116.9	161.95
Sustainable Growth Rate (%)	163.31	87.54	68.29	22.21	-132.82	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	181	- -	642	430	912	901	599	1,149	2,383	2,273	4,494	4,765	4,848	5,588	11,076
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	181	- -	642	430	912	901	599	1,149	2,383	2,273	4,494	4,765	4,848	5,588	11,076
Total Debt/EBITDA	1.85	- -	- -	- -	- -	11.46	5.79	12.18	6.21	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	1.7	- -	- -	- -	- -	5.3	-0.65	-0.61	0.81	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	1.85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	1.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	5.79	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	5.79	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	5.79	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2	2.79	1.92	2.01	0.45	-0.41	-0.82	-0.24	0.2	-0.87	-1.86	-3.78	-3.87	-3.66	-2.73
Long-Term Debt/Equity (%)	33.16	- -	43.76	27.26	60.94	66.69	38.79	73.37	97.24	98.98	189.84	242.78	247.7	288.24	586.85
Long-Term Debt/Capital (%)	86.71	- -	88.59	81.37	97.19	102.98	70.25	80.37	88.06	91.92	94.02	99.67	99.31	99.76	100.37
Long-Term Debt/Total Assets (%)	13.06	- -	14.89	8.78	15.65	14.17	10.69	14.71	20.25	19.78	32.63	34.23	36.97	38.78	51.88
Total Debt/Equity (%)	33.16	- -	43.76	27.26	60.94	66.69	38.79	73.37	97.24	98.98	189.84	242.78	247.7	288.24	586.85
Total Debt/Capital (%)	86.71	- -	88.59	81.37	97.19	102.98	70.25	80.37	88.06	91.92	94.02	99.67	99.31	99.76	100.37
Total Debt/Total Assets (%)	13.06	- -	14.89	8.78	15.65	14.17	10.69	14.71	20.25	19.78	32.63	34.23	36.97	38.78	51.88
Net Debt to Equity	30.49	-2.81	41.89	22.42	47.23	30.82	-4.36	-3.66	12.62	-25.41	115.33	169.56	171.54	213.53	518.96
Net Debt/Capital (%)	85.71	-89.49	88.15	78.23	96.4	106.67	-36.2	-25.65	48.92	152.12	90.53	99.53	99.01	99.68	100.41
EBITDA	98	- -	- -	- -	- -	79	103	94	384	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	98	- -	-1	- -	-2	76	103	94	384	- -	- -	- -	-15	-29	- -
Operating Income (Loss)	98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.43	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	60.16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	3.32	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	-14.53	-88.74	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2	2.79	1.92	2.01	0.45	-0.41	-0.82	-0.24	0.2	-0.87	-1.86	-3.78	-3.87	-3.66	-2.73
Long-Term Debt/Equity (%)	33.16	- -	43.76	27.26	60.94	66.69	38.79	73.37	97.24	98.98	189.84	242.78	247.7	288.24	586.85
Long-Term Debt/Capital (%)	86.71	- -	88.59	81.37	97.19	102.98	70.25	80.37	88.06	91.92	94.02	99.67	99.31	99.76	100.37
Long-Term Debt/Total Assets (%)	13.06	- -	14.89	8.78	15.65	14.17	10.69	14.71	20.25	19.78	32.63	34.23	36.97	38.78	51.88
Total Debt/Equity (%)	33.16	- -	43.76	27.26	60.94	66.69	38.79	73.37	97.24	98.98	189.84	242.78	247.7	288.24	586.85
Total Debt/Capital (%)	86.71	- -	88.59	81.37	97.19	102.98	70.25	80.37	88.06	91.92	94.02	99.67	99.31	99.76	100.37
Total Debt/Total Assets (%)	13.06	- -	14.89	8.78	15.65	14.17	10.69	14.71	20.25	19.78	32.63	34.23	36.97	38.78	51.88
CFO/Total Liabilities	-33.77	-60.4	-8.54	-11.03	-19.93	-12.41	5.5	-9.18	-32.03	7.3	-24.72	14.92	12.01	-21.67	-37.07
CFO/CapEx	- -	-35,669.57	-171.13	- -	-369.67	-226.92	2,824.37	- -	- -	- -	- -	- -	91.59	-92.37	- -
Altman's Z-Score	1.28	0.13	0.09	0.08	0.03	0.01	0.02	0.02	0.02	- -	-0.03	-0.06	-0.05	-0.05	-0.04

Working Capital (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	9	9.64	15.36	- -	- -	- -	- -	- -	- -	- -	5.08	2.62	5.67	3.62	2.4
Days Sales Outstanding	40.55	37.86	23.76	- -	- -	- -	- -	- -	- -	- -	71.83	139.26	64.33	100.82	152.11
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	15	34	27	76	205	485	667	1,206	2,074	2,857	1,764	1,437	1,491	1,448	1,281
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	300	300	300	300	541	541	541	541	541
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	181	- -	642	430	912	901	599	1,149	2,383	2,273	4,494	4,765	4,848	5,588	11,076
Enterprise Value	136	-73	522	214	665	294	214	168	518	-411	3,104	3,617	3,770	4,578	10,145
Total Capital	209	71	725	529	938	875	853	1,430	2,706	2,473	4,780	4,781	4,881	5,601	11,035
Total Debt/Capital (%)	86.71	- -	88.59	81.37	97.19	102.98	70.25	80.37	88.06	91.92	94.02	99.67	99.31	99.76	100.37
Total Debt / EV	1.33	- -	1.23	2.01	1.37	3.06	2.8	6.86	4.6	-5.53	1.45	1.32	1.29	1.22	1.09
EV/Sales	1.51	- -	2.11	1.01	6.36	3.17	1.37	0.89	2.35	- -	38.27	35.08	13.47	24.94	64.18
EV/EBITDA	1.39	- -	- -	- -	- -	3.74	2.07	1.78	1.35	- -	- -	- -	- -	- -	- -
EV/EBIT	1.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	0.96	- -	- -	- -	- -	2.03	2.81	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	0.96	- -	- -	- -	- -	2.03	2.78	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	166	-34	615	354	707	416	232	242	609	-284	3,272	3,870	3,899	4,681	10,336
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	90	207	248	211	104	93	156	187	221	107	81	103	280	184	158
TTM EBITDA	98	- -	- -	- -	- -	79	103	94	384	- -	- -	- -	- -	- -	- -
TTM Operating Income	98	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-269	-820	-243	-366	-863	-622	223	-574	-2,985	672	-2,820	1,784	1,340	-2,703	-7,213
TTM Free Cash Flow to Firm	-269	-820	-241	-366	-861	-619	223	-574	-2,985	672	-2,820	1,784	1,355	-2,674	-7,213

Multiples (USD)

MCP API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	1.39	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	136	-73	522	214	665	294	214	168	518	-411	3,104	3,617	3,770	4,578	10,145
Low Price	- -	- -	- -	- -	- -	- -	24.28	22.56	23.56	5.93	23.55	19.24	20.11	22.9	22.39
EV/Sales	1.51	- -	2.11	1.01	6.36	3.17	1.37	0.89	2.35	- -	38.27	35.08	13.47	24.94	64.18
EV/EBITDA	1.39	- -	- -	- -	- -	3.74	2.07	1.78	1.35	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	1.85	- -	2.48	1.68	6.77	4.48	1.49	1.29	2.76	- -	40.34	37.53	13.93	25.5	65.39
EV/Sales High	1.85	- -	2.48	1.68	6.77	4.48	1.49	1.29	2.76	- -	40.34	37.53	13.93	25.5	65.39
EV/Sales Low	1.85	- -	2.48	1.68	6.77	4.48	1.49	1.29	2.76	- -	40.34	37.53	13.93	25.5	65.39
EV/EBITDA Average	1.7	- -	- -	- -	- -	5.3	2.24	2.57	1.59	- -	- -	- -	- -	- -	- -
EV/EBITDA High	1.7	- -	- -	- -	- -	5.3	2.24	2.57	1.59	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	1.7	- -	- -	- -	- -	5.3	2.24	2.57	1.59	- -	- -	- -	- -	- -	- -
EV/EBIT Average	1.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	1.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	1.7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	25.23	23.77	26.53	25.25	26.44	22	23.92	23.26	23.99
High Price	- -	- -	- -	- -	- -	- -	25.84	25.8	28.42	26.99	27.03	26.74	25.15	26	25.16
Enterprise Value Average	166	-34	615	354	707	416	232	242	609	-284	3,272	3,870	3,899	4,681	10,336
Enterprise Value High	166	-34	615	354	707	416	232	242	609	-284	3,272	3,870	3,899	4,681	10,336
Enterprise Value Low	166	-34	615	354	707	416	232	242	609	-284	3,272	3,870	3,899	4,681	10,336

Shares Outstanding	28	59	70	75	74	67	61	61	100	98	95	89	87	87	87
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

PennyMac Mortgage Investment Trust

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)