Cherry Hill Mortgage Investment Corp (CHMI) stock analysis
Close on Nov 11, 2026Market cap $82.39MP/E 111.5Yield 22.42%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed11 of 30 checks passed
Cherry Hill Mortgage Investment passes 11 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 1/6
- Past performance
- 0/6
- Financial health
- 4/6
- Dividend
- 3/6
What stands out
Margin of safety over 20%
The price is 56.1% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $2.23 is below our fair value estimate of $5.08.
No debt
Cherry Hill Mortgage Investment has no borrowings on its latest balance sheet.
Interest well covered
No meaningful interest expense to cover.
What to watch
Revenue growing under 10% a year
Revenue grew -16.6% a year over the last three fiscal years, short of the 10% we look for.
Elevated bankruptcy risk
The Altman Z-score is -0.23; above 3 is the safe zone and below 1.8 the distress zone.
P/E above its 5-year median
Cherry Hill Mortgage Investment's P/E of 111.5 is above its own 5-year median of 20.2.
P/E above the industry
Cherry Hill Mortgage Investment's P/E of 111.5 is above the Miscellaneous Investing median of 26.3.
Valuation3/6
P/E above its 5-year median
Cherry Hill Mortgage Investment's P/E of 111.5 is above its own 5-year median of 20.2.
P/E above the industry
Cherry Hill Mortgage Investment's P/E of 111.5 is above the Miscellaneous Investing median of 26.3.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B below the industry
Cherry Hill Mortgage Investment's price-to-book of 0.39 is below the Miscellaneous Investing median of 1.20.
Trading below fair value
The share price of $2.23 is below our fair value estimate of $5.08.
Margin of safety over 20%
The price is 56.1% below fair value, more than the 20% cushion we look for.
Growth1/6
Revenue growing under 10% a year
Revenue grew -16.6% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew 1.8% over the last twelve months; the Miscellaneous Investing median is 4.6%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 69.8% over the last twelve months, against 67.3% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health4/6
No debt
Cherry Hill Mortgage Investment has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is -0.23; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Cherry Hill Mortgage Investment paid dividends worth 17.9% of the share price over the last twelve months.
Yield above Treasuries
The 17.9% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; Cherry Hill Mortgage Investment yields 17.9%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 10 fiscal years.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$5.08
The share price is 56% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/Eleft out, too far from the others | 23.2× | 20.2× | 26.3× | $0.46 | – |
| P/B | 0.8× | 0.4× | 1.2× | $4.63 | 40% |
| Earnings power | 9.2% cost of equity | – | – | $5.38 | 60% |
| Fair value | $5.08 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 20.2
- Miscellaneous Investing median 26.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $397.54K
- Value traded per 1% price move
- $348.23K
Downside
Low risk
- Typical loss in a bad month
- 11.7%
- Volatility (annualized)
- 33%
- Sharpe ratio, 1 year
- -0.20
- Beta to the S&P 500 (5Y)
- 0.87
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -32.5% | -16.6% | – | +37.6% | |
| Gross profit | -36.6% | -20.9% | – | -2.9% | |
| Dividend per share | -16.7% | -22.6% | -16.2% | -12.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Diluted shares | 8M | 17M | 34M |
Cash use needs five years of cash flow figures
Cherry Hill Mortgage Investment does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2016 | 77.8% | 0.04× | 4.68× | 16.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$19.10M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$19.10M vs –
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise30M → 34M
- Gross margin improvedGross margin up on the prior year64.08% → 60.23%
- More efficientAsset turnover rose0.02 → 0.02
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