PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. The Company has a strong track record of performance and earnings growth, driven by solid execution of their growth strategies while remaining focused on quality and governance. PennyMac Financial operates in three business segments: Loan Production, Loan Servicing and Investment Management.
Type
Public
HQ
Westlake Village, US
Founded
2008
Size (employees)
3,093 (est)
PennyMac Financial Services was founded in 2008 and is headquartered in Westlake Village, US
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PennyMac Financial Services Office Locations

PennyMac Financial Services has offices in Plano, Fort Worth, Henderson, Eagan and in 5 other locations
Westlake Village, US (HQ)
3043 Townsgate Rd, Suite 200
Eagan, US
860 Blue Gentian Rd
Fort Worth, US
14800 Trinity Blvd
Henderson, US
160 2285 Corporate Cir
Honolulu, US
1430 55 Merchant St
Moorpark, US
200 6101 Condor Dr
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PennyMac Financial Services Financials and Metrics

PennyMac Financial Services Revenue

PennyMac Financial Services's revenue was reported to be $955.46 m in FY, 2017
USD

Revenue (Q1, 2018)

238.2 m

Net income (Q1, 2018)

66.9 m

Market capitalization (11-Jul-2018)

498.1 m

Closing share price (11-Jul-2018)

19.9

Cash (31-Mar-2018)

137.9 m

EV

2.6 b
PennyMac Financial Services's current market capitalization is $498.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

405.5 m518.3 m713.1 m931.9 m955.5 m

Revenue growth, %

28%38%31%

Sales and marketing expense

7 m358.7 m

General and administrative expense

22.6 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

196.4 m189.2 m143.4 m207.8 m291.4 m204.5 m238.2 m

Sales and marketing expense

1.4 m1.6 m1.3 m2.2 m1.5 m1.9 m2 m102 m

General and administrative expense

6.4 m

Operating expense total

44.7 m45.7 m41.2 m55.8 m58.3 m41.9 m52.1 m165.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

27.4 m76.4 m58.1 m99.4 m37.7 m

Accounts Receivable

1.4 m

Inventories

Total Assets

4.3 b4.9 b5.8 b5.1 b7.4 b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

11.9 m70.8 m77.3 m82 m114.7 m89.3 m67 m95.7 m139.1 m120 m69.9 m137.9 m

Accounts Receivable

1.5 m1.4 m

Total Assets

4.2 b2.2 b2.5 b2.9 b6.7 b5.6 b5.8 b5.8 b6.6 b6 b6 b6.9 b

Accounts Payable

72.4 m70.4 m62.7 m86.9 m76 m67.1 m71.9 m75.6 m88.7 m80.2 m74.3 m113 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

200.2 m194.5 m90.1 m337 m311.5 m

Depreciation and Amortization

5.8 m8.4 m

Inventories

Accounts Payable

(14.5 m)8 m46.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

147.5 m37.9 m113.1 m168 m7.5 m35.6 m74.4 m14.5 m9.2 m44.6 m28.7 m57.5 m66.9 m

Depreciation and Amortization

612 k972 k394 k911 k1.6 m1.1 m2.3 m4 m2 m2.6 m

Accounts Payable

(12.4 m)6 m4.2 m8.4 m10.6 m9.8 m14.1 m27.4 m(27.5 m)(33.5 m)

Cash From Operating Activities

(432.2 m)113.3 m(570.5 m)(383.4 m)(753.1 m)(1.7 b)(526.2 m)(39.6 m)(178.4 m)(791.7 m)395.4 m287.2 m537.4 m
USDY, 2018

EV/CFO

4.9 x

Financial Leverage

3.8 x
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PennyMac Financial Services Operating Metrics

PennyMac Financial Services's Assets Under Management was reported to be $1.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$2 b$1.96 b$1.84 b$1.75 b$1.73 b$1.62 b$1.56 b$1.56 b$1.55 b$1.56 b$1.60 b

Total Loans Serviced for Others

$105.98 b$115.24 b$136.17 b$154.83 b$160.27 b$164.91 b$171.72 b$182.08 b$194.24 b$202.88 b$228.96 b
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PennyMac Financial Services Revenue Breakdown

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PennyMac Financial Services revenue breakdown by business segment: 22.9% from Loan Servicing, 74.6% from Loan Production and 2.6% from Other

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PennyMac Financial Services Online and Social Media Presence

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PennyMac Financial Services Company Life and Culture

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