INVESCO MORTGAGE CAPITAL INC (IVR) vs PennyMac Mortgage Investment Trust (PMT)

INVESCO MORTGAGE CAPITAL INC and PennyMac Mortgage Investment Trust are both Reit Mortgage companies. INVESCO MORTGAGE CAPITAL INC and PennyMac Mortgage Investment Trust are of similar size ($736.9M and $693.2M). INVESCO MORTGAGE CAPITAL INC trades at the lower P/E: 4.3× against 5.9×. PennyMac Mortgage Investment Trust grew revenue faster over the last twelve months: 19.6% against 7.29%. INVESCO MORTGAGE CAPITAL INC has the higher net margin (33.9% vs 10.2%) and the lower return on invested capital (0.69% vs 2.92%). Both pay a dividend; INVESCO MORTGAGE CAPITAL INC yields more (18.8% vs 11.6%). Across the 22 metrics below, PennyMac Mortgage Investment Trust leads on 12 and INVESCO MORTGAGE CAPITAL INC on 10.

Valuation

Metric IVR PMT Reit Mortgage median
P/E 4.33 5.87 7.80
P/S 1.93 0.60 1.90
P/B 0.74 0.55 0.61
Price to free cash flow 3.66 n/m 5.90
EV/EBITDA 100.35 19.87 28.40
EV/Sales 23.17 17.03 16.02
Earnings yield 23.09% 17.05% 7.68%
Free cash flow yield 27.29% (1,386.89%) 11.60%

Profitability

Metric IVR PMT Reit Mortgage median
Gross margin 30.40% 91.15% 100.00%
Operating margin 24.27% 83.97% 35.40%
Net margin 33.93% 10.21% 11.85%
Free cash flow margin 52.56% (827.08%) 26.68%
Return on equity 15.68% 9.44% 4.81%
Return on assets 1.70% 0.59% 0.62%
Return on invested capital 0.69% 2.92% 1.22%

Growth

Metric IVR PMT Reit Mortgage median
Revenue growth (TTM) 7.29% 19.64% 4.70%
EPS growth (last fiscal year) 103.08% (27.74%) —
Revenue growth, 5-year CAGR 1.06% 9.74% 14.60%
Net income growth, 5-year CAGR 0.00% 25.95% 0.00%

Health

Metric IVR PMT Reit Mortgage median
Debt to equity 6.27 11.03 3.30
Current ratio 0.04 1.46 1.00
Net debt to EBITDA 105.08 16.25 18.31

Dividend

Metric IVR PMT Reit Mortgage median
Dividend yield 18.77% 11.56% 13.05%
Payout ratio 0.41 2.85 1.24

Size

Metric IVR PMT Reit Mortgage median
Market cap 693.21m 736.86m 517.48m

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