Cherry Hill Mortgage Investment Corporation (CHMI) vs Claros Mortgage Trust, Inc. (CMTG)

Cherry Hill Mortgage Investment Corporation and Claros Mortgage Trust, Inc. are both Reit Mortgage companies. Claros Mortgage Trust, Inc. is the larger, with a market value of $166.5M against $94.6M — 1.8× the size. Claros Mortgage Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; Cherry Hill Mortgage Investment Corporation trades at 13.8×. Cherry Hill Mortgage Investment Corporation grew revenue faster over the last twelve months: 181.6% against −30.9%. Cherry Hill Mortgage Investment Corporation has the higher net margin (42.1% vs −354.1%) and the higher return on invested capital (2.16% vs −0.77%). Only Cherry Hill Mortgage Investment Corporation pays a dividend (16.1%). Across the 21 metrics below, Cherry Hill Mortgage Investment Corporation leads on 13 and Claros Mortgage Trust, Inc. on 8.

Valuation

Metric CHMI CMTG Reit Mortgage median
P/E 13.83 n/m 7.10
P/S 5.80 1.10 1.77
P/B 0.74 0.13 0.55
Price to free cash flow 3.93 2.52 5.36
EV/EBITDA 28.90 874.81 28.29
EV/Sales 68.12 15.14 15.90
Earnings yield 7.23% (324.58%) 8.10%
Free cash flow yield 25.47% 39.74% 13.00%

Profitability

Metric CHMI CMTG Reit Mortgage median
Gross margin 100.00% 80.32% 100.00%
Operating margin 255.39% (27.39%) 35.40%
Net margin 42.13% (354.13%) 11.85%
Free cash flow margin 147.87% 43.62% 26.68%
Return on equity 5.30% (35.96%) 4.81%
Return on assets 0.46% (11.15%) 0.62%
Return on invested capital 2.16% (0.77%) 1.22%

Growth

Metric CHMI CMTG Reit Mortgage median
Revenue growth (TTM) 181.60% (30.92%) 4.70%
EPS growth (last fiscal year) (257.14%) (118.13%) 45.25%
Revenue growth, 5-year CAGR (11.38%) (7.25%) 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CHMI CMTG Reit Mortgage median
Debt to equity 4.41 1.81 3.30
Current ratio 0.09 0.00 1.00
Net debt to EBITDA 31.07 67.18 18.31

Dividend

Metric CHMI CMTG Reit Mortgage median
Dividend yield 16.06% 0.00% 17.34%
Payout ratio 2.22 — 1.28

Size

Metric CHMI CMTG Reit Mortgage median
Market cap 94.59m 166.48m 479.53m

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