Cherry Hill Mortgage Investment Corp - Understand $chmi stock

$CHMI Market Cap: $85.06 Million

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Financial Snapshot

Revenue

$1.278M

TTM

Gross Margin

65.69%

TTM

Net Earnings

-$35.08M

TTM

Current Assets

$65.96M

Q3 2024

Current Liabilities

$1.156B

Q3 2024

Current Ratio

5.71%

Q3 2024

Total Assets

$1.551B

Q3 2024

Total Liabilities

$1.312B

Q3 2024

Book Value

$239.7M

Q3 2024

Cash

$50.15M

Q3 2024

P/E

-2.425

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	-$21.20M	$40.19M	$28.14M	-$56.47M	-$47.28M	$48.68M	$57.14M	$42.30M	$25.17M	$12.13M	$23.40M	$0.00
YoY Change	-152.75%	42.84%	-149.83%	19.45%	-197.11%	-14.81%	35.09%	68.06%	107.5%	-48.16%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	-$21.20M	$40.19M	$28.14M	-$56.47M	-$47.28M	$48.68M	$57.14M	$42.30M	$25.17M	$12.13M	$23.40M	$0.00
Cost Of Revenue	$11.25M	$11.84M	$13.62M	$22.64M	$17.40M	$10.62M	$5.783M	$13.32M	$9.530M	$6.870M	$1.480M
Gross Profit	-$32.45M	$28.36M	$14.51M	-$79.11M	-$64.68M	$38.07M	$51.36M	$28.99M	$15.64M	$7.823M	$22.53M
Gross Profit Margin		70.55%	51.58%			78.2%	89.88%	68.53%	62.14%	64.49%	96.3%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$6.900M	$6.305M	$6.983M	$6.890M	$4.650M	$3.940M	$3.820M	$3.280M	$3.080M	$3.030M	$720.0K	$30.00K
YoY Change	9.44%	-9.71%	1.35%	48.17%	18.02%	3.14%	16.46%	6.49%	1.65%	320.83%	2300.0%
% of Gross Profit		22.24%	48.11%			10.35%	7.44%	11.31%	19.69%	38.73%	3.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$13.73M	$12.93M	$14.83M	$15.51M	$13.33M	$9.887M	$8.164M	$3.280M	$3.080M	$5.588M	$1.332M	$30.00K
YoY Change	6.15%	-12.77%	-4.41%	16.41%	34.77%	21.1%	148.9%	6.49%	-44.88%	319.52%	4340.0%
Operating Profit	-$46.18M	$15.42M	-$313.0K	-$94.62M	-$78.00M	$28.18M	$43.20M	$25.71M	$12.56M	$2.235M	$21.20M
YoY Change	-399.44%	-5027.16%	-99.67%	21.3%	-376.8%	-34.76%	68.02%	104.7%	461.97%	-89.46%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013
Interest Expense	$51.64M	$17.56M	$5.768M	$22.13M	$54.45M	$34.51M	$19.88M	$4.307M	$867.0K
YoY Change	194.04%	204.49%	-73.94%	-59.35%	57.78%	73.58%		396.77%
% of Operating Profit		113.88%				122.45%	46.02%	192.71%	4.09%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	-$34.93M	$27.26M	$13.31M	-$71.98M	-$60.60M	$38.80M	$48.98M	$25.70M	$13.01M	$2.235M	$21.20M	-$30.00K
YoY Change	-228.15%	104.79%	-118.49%	18.78%	-256.2%	-20.79%	90.58%	97.54%	482.1%	-89.46%	-70773.33%
Income Tax	$523.0K	$5.070M	$781.0K	-$18.76M	-$9.925M	$4.527M	$2.550M	$458.0K	-$343.0K	-$140.0K	$0.00	$0.00
% Of Pretax Income		18.6%	5.87%			11.67%	5.21%	1.78%	-2.64%	-6.26%	0.0%
Net Earnings	-$35.46M	$22.19M	$12.53M	-$53.22M	-$50.68M	$34.27M	$46.43M	$24.83M	$13.21M	$2.375M	$21.20M	-$30.00K
YoY Change	-259.79%	77.09%	-123.54%	5.02%	-247.87%	-26.19%	86.99%	87.96%	456.21%	-88.8%	-70773.33%
Net Earnings / Revenue		55.21%	44.53%			70.39%	81.25%	58.7%	52.48%	19.58%	90.61%
Basic Earnings Per Share	-$1.70	$0.60	$0.14	-$3.67	-$3.53	$1.95	$3.84			$0.31	$12.50
Diluted Earnings Per Share	-$1.70	$0.60	$0.14	-$3.67	-$3.53	$1.95	$3.84	$3.225M	$1.718M	$0.31	$12.50	-$24.41M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$52.89M	$57.32M	$63.92M	$83.90M	$24.70M	$31.80M	$27.30M	$15.80M	$10.60M	$12.40M	$10.40M	$0.00
YoY Change	-7.74%	-10.32%	-23.82%	239.68%	-22.33%	16.48%	72.78%	49.06%	-14.52%	19.23%
Cash & Equivalents	$52.89M	$57.32M	$63.92M	$83.90M	$24.70M	$31.80M	$27.30M	$15.80M	$10.60M	$12.40M	$10.40M	$0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$0.00	$49.80M		$44.60M	$35.10M	$24.00M	$16.60M	$12.30M	$9.300M	$4.900M	$11.40M
Other Receivables	$17.44M	$17.29M		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$70.33M	$124.4M	$87.26M	$128.5M	$59.80M	$55.80M	$43.90M	$28.10M	$19.90M	$17.30M	$21.80M
YoY Change	-43.47%	42.59%	-32.09%	114.88%	7.17%	27.11%	56.23%	41.21%	15.03%	-20.64%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.266B	$1.211B	$1.172B	$1.403B	$2.800B	$2.065B	$1.964B	$733.2M	$606.0M	$507.3M	$397.3M
YoY Change	4.51%	3.32%	-16.43%	-49.89%	35.57%	5.16%	167.83%	20.99%	19.46%	27.69%
Other Assets	$16.44M	$8.234M	$12.86M	$46.30M	$67.00M	$8.200M	$29.20M	$22.50M	$9.900M	$6.900M	$3.700M
YoY Change	99.67%	-35.98%	-72.22%	-30.9%	717.07%	-71.92%	29.78%	127.27%	43.48%	86.49%
Total Long-Term Assets	$1.323B	$1.284B	$1.216B	$1.465B	$2.885B	$2.098B	$2.007B	$764.8M	$616.4M	$514.6M	$405.6M
YoY Change	2.98%	5.66%	-17.02%	-49.22%	37.54%	4.52%	162.4%	24.08%	19.78%	26.87%
Total Assets	$1.393B	$1.409B	$1.303B	$1.594B	$2.945B	$2.153B	$2.051B	$792.9M	$636.3M	$531.9M	$427.4M	$0.00
YoY Change
Accounts Payable	$1.789M	$80.75M	$1.889M	$3.200M	$3.600M	$2.000M	$3.000M	$8.100M	$1.000M	$800.0K	$600.0K
YoY Change	-97.78%	4174.8%	-40.97%	-11.11%	80.0%	-33.33%	-62.96%	710.0%	25.0%	33.33%
Accrued Expenses	$36.76M	$19.51M	$3.061M	$3.700M	$15.90M	$13.30M	$11.10M	$5.700M	$2.600M	$800.0K	$400.0K	$0.00
YoY Change	88.43%	537.28%	-17.27%	-76.73%	19.55%	19.82%	94.74%	119.23%	225.0%	100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$903.5M	$826.0M	$865.5M	$1.150B	$2.338B	$1.599B	$1.667B	$594.6M	$447.8M	$362.1M	$261.3M	$0.00
YoY Change	9.39%	-4.57%	-24.74%	-50.8%	46.23%	-4.07%	180.27%	32.78%	23.67%	38.58%
Long-Term Debt Due	$64.50M	$68.50M	$63.00M		$2.000M
YoY Change	-5.84%	8.73%
Total Short-Term Liabilities	$1.013B	$1.003B	$940.5M	$1.164B	$2.368B	$1.626B	$1.688B	$613.2M	$455.1M	$367.5M	$265.7M
YoY Change	1.0%	6.67%	-19.17%	-50.86%	45.64%	-3.67%	175.26%	34.74%	23.84%	38.31%
Long-Term Debt	$104.8M	$115.4M	$82.27M	$111.4M	$165.0M	$157.5M	$39.00M	$22.90M	$24.30M	$0.00	$0.00	$0.00
YoY Change	-9.16%	40.26%	-26.15%	-32.48%	4.76%	303.85%	70.31%	-5.76%
Other Long-Term Liabilities	$16.62M	$24.72M	$1.278M	$5.900M	$12.30M	$3.900M	$400.0K	$700.0K	$4.600M	$4.100M	$600.0K
YoY Change	-32.77%	1834.12%	-78.34%	-52.03%	215.38%	875.0%	-42.86%	-84.78%	12.2%	583.33%
Total Long-Term Liabilities	$121.4M	$140.1M	$83.55M	$117.3M	$177.3M	$161.4M	$39.40M	$23.60M	$28.90M	$4.100M	$600.0K	$0.00
YoY Change	-13.33%	67.7%	-28.78%	-33.84%	9.85%	309.64%	66.95%	-18.34%	604.88%	583.33%
Total Liabilities	$1.138B	$1.147B	$1.027B	$1.283B	$2.548B	$1.793B	$1.731B	$638.6M	$485.0M	$372.2M	$266.6M	$0.00
YoY Change	-0.81%	11.66%	-19.97%	-49.64%	42.14%	3.58%	171.01%	31.67%	30.31%	39.61%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2014	2013
Basic Shares Outstanding	26.26M	19.77M	17.32M	16.90M	16.78M	14.65M	11.44M	7.506M shares	1.688M shares
Diluted Shares Outstanding	26.29M	19.80M	17.35M	16.92M	16.79M	14.66M	11.45M	7.509M shares	1.688M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $85.063 Million

About Cherry Hill Mortgage Investment Corp

Cherry Hill Mortgage Investment Corp. is a real estate finance company, which acquires, invests in, and manages a portfolio of excess mortgage servicing rights. The company is headquartered in Tinton Falls, New Jersey. The company went IPO on 2013-10-04. The firm is focused on acquiring, investing in, and managing residential mortgage assets in the United States. Its segments include investments in residential mortgage-backed securities (RMBS), investments in Servicing Related Assets, and All Other. The Company’s principal objective is to generate yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The firm focuses on attaining this objective by selectively constructing and actively managing a portfolio of servicing related assets and RMBS. The firm may also invest in other cash -lowing residential mortgage assets. The company is externally managed by Cherry Hill Mortgage Management, LLC.

Industry: Real Estate Investment Trusts Peers: AG Mortgage Investment Trust, Inc. ANNALY CAPITAL MANAGEMENT INC Chicago Atlantic Real Estate Finance, Inc. Ellington Credit Co Lument Finance Trust, Inc. Rithm Property Trust Inc. NexPoint Real Estate Finance, Inc. Seven Hills Realty Trust Sachem Capital Corp.