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PennyMac Finl Svcs Inc

PennyMac Finl Svcs Inc

PFSI · NYSE · Financial Services / Mortgage Finance

60.61USD-0.12 (-0.20%)

Price History

Full chart

Market Stats

Previous Close60.73
Open60.80
Day Range59.76 – 62.20
52-Week Range63.23 – 158.66
Volume368.40K
Market Cap3.31B
P/E (TTM)8.76
Forward P/E8.95
EPS7.27
Dividend Yield1.83%
Beta1.43
50-Day Avg74.42
200-Day Avg93.30

About

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through two segments, Production and Servicing. The Production segment is involved in the origination, acquisition, and sale of loans. This segment also sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; offers counseling for delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities comprising modification and forbearance programs, and supervising foreclosures and property dispositions. The company was founded in 2008 and is headquartered in Westlake Village, California.

Company Details

  • SectorFinancial Services
  • IndustryMortgage Finance
  • CEOMr. David A. Spector
  • Employees5.54K
  • Headquarters3043 Townsgate Road, Westlake Village, CA, United States, 91361, USA
  • Websitehttps://pfsi.pennymac.com

Leadership

  • Mr. David A. SpectorCEO & Chairman · b. 1963
  • Mr. Douglas Edward JonesPresident, Chief Mortgage Banking Officer & Director · b. 1957
  • Mr. Daniel Stanley PerottiSenior MD & CFO · b. 1981
  • Mr. Derek W. Stark J.D.Senior MD, Chief Legal Officer & Secretary · b. 1968
  • Mr. James FolletteSenior MD & Chief Digital Officer · b. 1972
  • Mr. Marshall Dulles SebringSenior MD & Chief Investment Officer · b. 1980
  • Mr. Gregory L. HendryChief Accounting Officer · b. 1961
  • Mr. Mike HoganSenior MD & Chief Information Officer
  • Ms. Susan Hallock SmithSenior MD & Chief Marketing Officer
  • Ms. Jenny RhodesSenior MD & Chief Human Resources Officer

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue69.23M76.66M272.96M405.61M555.53M781.88M1.04B1.10B1.13B1.68B3.95B3.56B2.32B1.40B2.85B4.42B
Growth (%)-+10.73%+256.08%+48.60%+36.96%+40.74%+32.74%+5.97%+2.64%+48.79%+135.32%-9.96%-34.77%-39.62%+103.08%+55.29%
Cost of Revenue28.52M34.53M75.77M134.71M285.95M428.27M556.74M641.37M712.37M788.00M1.19B1.43B1.01B97.08M1.48B1.80B
Gross Profit40.71M42.13M197.19M270.91M269.59M353.60M481.13M458.50M416.52M891.71M2.77B2.13B1.31B1.30B1.37B2.62B
Gross Margin58.80%54.95%72.24%66.79%48.53%45.22%46.36%41.69%36.90%53.09%70.01%59.94%56.30%93.07%48.11%59.26%
Operating Expense7.67M27.43M78.87M88.78M46.55M74.41M98.04M122.59M148.83M362.27M526.45M773.92M618.27M594.60M966.75M2.07B
Operating Income33.04M14.70M118.32M182.13M223.03M279.19M383.08M335.91M267.70M529.44M2.24B1.36B688.69M709.98M402.62M551.42M
Operating Margin47.73%19.17%43.35%44.90%40.15%35.71%36.91%30.54%23.71%31.52%56.69%38.20%29.67%50.65%14.14%12.47%
EBITDA33.63M24.39M131.09M212.40M265.90M434.75M689.21M617.54M526.51M554.62M2.28B1.40B738.93M709.98M472.28M620.77M
EBITDA Margin48.58%31.81%48.03%52.37%47.86%55.60%66.41%56.15%46.64%33.02%57.65%39.40%31.83%50.65%16.59%14.04%
Net Income33.04M14.70M118.32M14.40M36.84M47.23M66.08M100.76M87.69M392.96M1.65B1.00B475.51M144.66M311.42M501.08M
Net Income Margin47.73%19.17%43.35%3.55%6.63%6.04%6.37%9.16%7.77%23.39%41.67%28.20%20.48%10.32%10.94%11.34%
R&D--4.46M9.21M15.44M25.16M0.380.240.1967.95M112.57M141.43M139.95M143.15M149.55M-
R&D as % of Total Revenue--1.63%2.27%2.78%3.22%0.00%0.00%0.00%4.05%2.85%3.97%6.03%10.21%5.25%-
Interest Expense790.00K1.88M7.88M16.67M37.26M68.54M106.21M144.52M144.60M76.72M24.52M90.53M50.24M637.78M819.35M960.55M
Interest Expense % of Total Revenue1.14%2.45%2.89%4.11%6.71%8.77%10.23%13.14%12.81%4.57%0.62%2.54%2.16%45.50%28.78%21.73%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-289.28M832.16M1.58B2.51B3.51B5.13B7.37B7.48B10.20B31.60B18.78B16.82B18.84B26.09B29.39B
Total Liabilities-165.37M570.41M955.27M1.70B2.44B3.73B5.65B5.82B8.14B28.21B15.36B13.35B15.31B22.26B25.08B
Total Equity-123.92M261.75M167.40M213.96M270.83M347.32M469.41M1.65B2.06B3.39B3.42B3.47B3.54B3.83B4.31B
Cash-16.46M12.32M30.64M76.26M105.47M99.37M37.73M155.29M135.69M532.72M340.07M1.33B938.37M238.48M301.68M
Total Debt-96.30M446.55M570.41M1.19B1.64B2.98B5.04B4.88B7.12B26.89B13.99B11.80B13.49B20.55B23.06B
Net Debt-79.84M434.22M539.77M1.12B1.54B2.88B5.01B4.72B6.99B26.36B13.65B10.47B12.56B20.32B22.76B

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-12.65M-74.72M-308.06M-98.39M-578.95M53.14M-938.52M-883.59M572.40M-2.25B-6.20B2.56B6.03B-1.58B-4.53B-1.40B
Investing Cash Flow-7.18M-12.39M-45.53M-284.78M6.75M-563.14M-34.74M-339.23M-322.61M148.78M783.03M-304.37M-721.58M-273.29M-1.89B300.42M
Financing Cash Flow22.81M97.64M349.45M401.49M617.82M539.21M967.16M1.16B-132.03M2.13B5.76B-2.45B-4.32B1.47B5.72B1.16B
Capital Expenditure12.81M3.35M3.87M202.83M140.22M394.73M30.54M202.31M258.53M262.95M84.23M56.88M83.09M36.17M22.10M11.92M
Free Cash Flow-25.45M-78.07M-311.93M-301.22M-719.17M-341.58M-969.06M-1.09B313.87M-2.51B-6.28B2.51B5.95B-1.62B-4.56B-1.41B
Dividends Paid2.03M646.00K15.85M0010.05M10.05M10.05M10.05M9.71M30.95M52.90M54.62M41.45M52.16M62.55M
FCF to OCF201.26%104.49%101.26%306.15%124.22%-642.75%103.25%122.90%54.83%111.71%101.36%97.78%98.62%102.29%100.49%100.85%
Dividend Paid to FCF-7.96%-0.83%-5.08%0.00%0.00%-2.94%-1.04%-0.93%3.20%-0.39%-0.49%2.11%0.92%-2.56%-1.15%-4.43%

Earnings

Report DateAug 8, 2013Nov 6, 2013Feb 5, 2014May 7, 2014Aug 6, 2014Nov 5, 2014Feb 4, 2015May 6, 2015Aug 5, 2015Nov 4, 2015Feb 3, 2016May 5, 2016Aug 3, 2016Nov 3, 2016Feb 2, 2017May 4, 2017Aug 3, 2017Nov 2, 2017Feb 8, 2018May 3, 2018Aug 2, 2018Nov 1, 2018Feb 7, 2019May 2, 2019Aug 1, 2019Oct 31, 2019Feb 6, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 4, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 3, 2022May 5, 2022Aug 2, 2022Oct 27, 2022Feb 2, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Feb 1, 2024Apr 24, 2024Jul 23, 2024Oct 22, 2024Jan 30, 2025Apr 22, 2025Jul 22, 2025Oct 21, 2025Jan 29, 2026May 5, 2026Jul 29, 2026Oct 20, 2026
EPS Estimate0.430.370.370.370.410.470.470.440.590.620.570.540.630.910.790.640.650.670.660.730.650.590.550.620.761.351.643.192.915.496.025.743.313.473.722.450.831.171.111.091.491.591.772.312.622.933.022.833.072.983.232.142.081.79
EPS Actual0.380.280.320.380.450.490.410.420.590.580.580.620.651.061.000.470.440.711.190.670.700.570.520.580.921.511.883.734.397.035.976.554.625.503.941.621.531.500.581.161.622.112.632.482.673.492.882.774.283.431.962.191.39-
Surprise-11.63%-24.32%-13.51%2.70%9.76%4.26%-12.77%-4.55%0.00%-6.45%1.75%14.81%3.17%16.48%26.58%-26.56%-32.31%5.97%80.30%-8.22%7.69%-3.39%-5.45%-6.45%21.05%11.85%14.63%16.93%50.86%28.05%-0.83%14.11%39.58%58.50%5.91%-33.88%84.34%28.21%-47.75%6.42%8.72%32.70%48.59%7.36%1.91%19.11%-4.64%-2.12%39.41%15.10%-39.32%2.34%-33.17%-
TimingPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap3.31B
Enterprise Value26.35B
Trailing P/E8.76
Forward P/E8.95
PEG Ratio4.67
Price / Sales0.99
Price / Book0.79
EPS7.27
Book Value83.49
Revenue (TTM)3.33B
Gross Profit (TTM)2.87B
Profit Margin11.78%
Operating Margin4.48%
Return on Equity9.38%
Return on Assets1.45%
Shares Outstanding51.95M
Shares Float27.40M
Beta1.43
Dividend Yield1.83%
Dividend Rate1.20
Payout Ratio13.38%

Analyst Ratings

Buy
Based on 8 analystsTarget 90.57
  • Strong Buy
    3
  • Buy
    3
  • Hold
    2

Ownership Breakdown

Institutions
66.58%
Insiders
34.56%
Retail / Other
0.00%

Top Institutional Holders

  • MFN Partners Management, LP
    4.53M8.72%
  • T. Rowe Price Investment Management,Inc.
    3.60M6.93%
  • BlackRock Inc
    2.20M4.24%
  • Dimensional Fund Advisors, Inc.
    2.13M4.10%
  • Donald Smith & Co Inc
    1.88M3.62%
  • Vanguard Portfolio Management, LLC
    1.66M3.19%
  • Vanguard Capital Management, LLC
    1.29M2.49%
  • State Street Corp
    857.15K1.65%
  • Amvescap Plc.
    849.11K1.63%
  • FMR Inc
    749.34K1.44%
  • Geode Capital Management, LLC
    707.94K1.36%
  • The Goldman Sachs Group Inc
    669.85K1.29%
  • American Century Companies Inc
    650.00K1.25%
  • RIMA MANAGEMENT, LLC
    508.63K0.98%
  • Symmetry Investments LP
    496.74K0.96%

Top Fund Holders

  • T. Rowe Price Small-Cap Value
    1.16M2.23%
  • Vanguard MStar Total Stk Mkt Idx Invest
    913.12K1.76%
  • T. Rowe Price Small-Cap Stock
    815.26K1.57%
  • iShares Russell 2000 ETF
    767.62K1.48%
  • Vanguard Small Cap Index
    656.77K1.26%

Dividends

20263×
0.30Aug 17, 20260.30May 18, 20260.30Feb 13, 2026
20254×
0.30Nov 17, 20250.30Aug 13, 20250.30May 14, 20250.30Feb 13, 2025
20244×
0.30Nov 18, 20240.30Aug 13, 20240.20May 13, 20240.20Feb 12, 2024
20234×
0.20Nov 10, 20230.20Aug 14, 20230.20May 15, 20230.20Feb 13, 2023
20224×
0.20Nov 11, 20220.20Aug 15, 20220.20May 16, 20220.20Feb 14, 2022
20214×
0.20Nov 12, 20210.20Aug 13, 20210.20May 14, 20210.20Feb 11, 2021
20201×
0.15Nov 13, 2020