Chimera Investment Corp (CIMP)

Real Estate Investment Trusts

Latest Price

$24.25

TTM P/E

Normalized P/E

TTM Div Yield

6.76%

Fwd Div Yield

6.76%

Book Value

28.88

P/B Ratio

0.84

Valuation metrics

EPS: $1.72

Book value / share: $30.85

Formula: √(22.5 × EPS × BVPS)

Graham Number

$34.55

+42% upside

Norm. op. income: $605M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$69.26

+186% upside

EPS: $1.72

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$25.80

+6% upside