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21.48 (1y: +34%)
Market Cap 1.18 B P/E(ttm) 35.50
Enterprise Value 1.18 B P/B 0.80
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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt No Debt
PHH's Cash to Debt is ranked higher than
51% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.14 vs. PHH: No Debt )
PHH' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: No Debt
Equity to Asset 0.05
PHH's Equity to Asset is ranked lower than
78% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.16 vs. PHH: 0.05 )
PHH' s 10-Year Equity to Asset Range
Min: -0.09   Max: 0.12
Current: 0.05
-0.09
0.12
Interest Coverage No Debt
PHH's Interest Coverage is ranked lower than
62% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 10000.00 vs. PHH: No Debt )
PHH' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 0.87
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 3.30
PHH's Operating margin (%) is ranked lower than
87% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 28.70 vs. PHH: 3.30 )
PHH' s 10-Year Operating margin (%) Range
Min: -21.5   Max: 35.4
Current: 3.3
-21.5
35.4
Net-margin (%) 1.3
PHH's Net-margin (%) is ranked lower than
91% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 18.90 vs. PHH: 1.3 )
PHH' s 10-Year Net-margin (%) Range
Min: -12.4   Max: 131
Current: 1.3
-12.4
131
ROE (%) 2.2
PHH's ROE (%) is ranked lower than
87% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 11.80 vs. PHH: 2.2 )
PHH' s 10-Year ROE (%) Range
Min: -20   Max: 91.8
Current: 2.2
-20
91.8
ROA (%) 0.4
PHH's ROA (%) is ranked lower than
88% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.20 vs. PHH: 0.4 )
PHH' s 10-Year ROA (%) Range
Min: -3.1   Max: 25.4
Current: 0.4
-3.1
25.4
Revenue Growth (%) -2.9
PHH's Revenue Growth (%) is ranked higher than
82% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.90 vs. PHH: -2.9 )
PHH' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 8.4
Current: -2.9
0
8.4
EBITDA Growth (%) -9.3
PHH's EBITDA Growth (%) is ranked higher than
90% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.70 vs. PHH: -9.3 )
PHH' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 18.1
Current: -9.3
0
18.1
EPS Growth (%) -32.9
PHH's EPS Growth (%) is ranked higher than
56% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.00 vs. PHH: -32.9 )
PHH' s 10-Year EPS Growth (%) Range
Min: 0   Max: -16.6
Current: -32.9
» PHH's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

PHH Guru Trades in Q2 2012

John Keeley 1,468,034 sh (+5.5%)
Alan Fournier 5,510,629 sh (unchged)
Chuck Royce Sold Out
Steven Cohen Sold Out
Louis Moore Bacon Sold Out
Bruce Kovner Sold Out
Richard Pzena 1,711,473 sh (-5.32%)
HOTCHKIS & WILEY 4,362,900 sh (-13.49%)
Jim Simons 354,300 sh (-36.81%)
Arnold Schneider 204,882 sh (-43.68%)
» More
Q3 2012

PHH Guru Trades in Q3 2012

Louis Moore Bacon 500,000 sh (New)
Jim Simons 537,300 sh (+51.65%)
John Keeley 1,473,950 sh (+0.4%)
Alan Fournier 5,110,629 sh (-7.26%)
HOTCHKIS & WILEY 4,037,800 sh (-7.45%)
Richard Pzena 1,547,478 sh (-9.58%)
Arnold Schneider 84,260 sh (-58.87%)
» More
Q4 2012

PHH Guru Trades in Q4 2012

Steven Cohen 18,651 sh (New)
Paul Tudor Jones 9,400 sh (New)
John Keeley 1,480,994 sh (+0.48%)
Arnold Schneider Sold Out
Alan Fournier 4,644,950 sh (-9.11%)
Richard Pzena 1,295,988 sh (-16.25%)
HOTCHKIS & WILEY 3,351,500 sh (-17%)
Louis Moore Bacon 400,000 sh (-20%)
Jim Simons 352,384 sh (-34.42%)
» More
Q1 2013

PHH Guru Trades in Q1 2013

Bruce Kovner 103,000 sh (New)
Paul Tudor Jones 44,700 sh (+375.53%)
Steven Cohen 29,693 sh (+59.2%)
HOTCHKIS & WILEY 4,326,300 sh (+29.09%)
Jim Simons Sold Out
Louis Moore Bacon Sold Out
Richard Pzena 1,255,163 sh (-3.15%)
Alan Fournier 2,565,860 sh (-44.76%)
John Keeley 581,790 sh (-60.72%)
» More
» Details

Insider Trades

Latest Guru Trades with PHH

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2013-03-31 Reduce -60.72%0.46%$20.59 - $23.63 $ 21.48-3%581790
HOTCHKIS & WILEY 2013-03-31 Add 29.09%0.11%$20.59 - $23.63 $ 21.48-3%4326300
Arnold Schneider 2012-12-31 Sold Out 0.16%$18.9 - $23.04 $ 21.481%0
Arnold Schneider 2012-09-30 Reduce -58.87%0.2%$15.52 - $20.75 $ 21.4822%84260
Arnold Schneider 2012-06-30 Reduce -43.68%0.2%$15.1 - $17.53 $ 21.4832%204882
John Keeley 2012-03-31 Add 203.39%0.29%$10.23 - $15.89 $ 21.4871%1391548
Arnold Schneider 2012-03-31 Reduce -26.68%0.12%$10.23 - $15.89 $ 21.4871%363777
John Keeley 2011-12-31 Reduce -76.45%0.54%$10.02 - $19.23 $ 21.4839%458659
Arnold Schneider 2011-12-31 Add 82.72%0.21%$10.02 - $19.23 $ 21.4839%496142
HOTCHKIS & WILEY 2011-12-31 Add 34.22%0.08%$10.02 - $19.23 $ 21.4839%4445500
Richard Pzena 2011-12-31 Add 39.08%0.06%$10.02 - $19.23 $ 21.4839%1803035
Daniel Loeb 2011-06-30 Sold Out 2.82%$19.57 - $22.48 $ 21.483%0
Arnold Schneider 2011-06-30 Add 26.36%0.06%$19.57 - $22.48 $ 21.483%226410
George Soros 2011-06-30 Sold Out $19.57 - $22.48 $ 21.483%0
Arnold Schneider 2011-03-31 Add 76.65%0.09%$20.77 - $25.24 $ 21.48-9%179185
George Soros 2011-03-31 Reduce -60.11%0.02%$20.77 - $25.24 $ 21.48-9%20900
Ken Heebner 2011-03-31 Sold Out $20.77 - $25.24 $ 21.48-9%0
John Keeley 2010-12-31 Add 38.08%0.22%$18.68 - $23.36 $ 21.483%2140770
Ken Heebner 2010-12-31 New Buy0.09%$18.68 - $23.36 $ 21.483%250000
Mario Gabelli 2010-12-31 Sold Out $18.68 - $23.36 $ 21.483%0
Arnold Schneider 2010-09-30 Add 25.86%0.03%$17.83 - $22.39 $ 21.488%109750
Mario Gabelli 2010-09-30 New Buy$17.83 - $22.39 $ 21.488%18000
Arnold Schneider 2010-06-30 New Buy0.11%$19.34 - $25.86 $ 21.48-3%87200
George Soros 2010-06-30 New Buy0.03%$19.34 - $25.86 $ 21.48-3%55400
Mario Gabelli 2010-06-30 Sold Out $19.34 - $25.86 $ 21.48-3%0
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about PHH Corporation

Alan Fournier—Reduces PHH
March 16, 2013
On March 14, 2013, Alan Fournier, fund manager of Pennant Capital Management, reduced his position on PHH Corporation (PHH) by 38.73%, leaving the value investor with 2,845,982 PHH shares. The current share price is $21.81. PHH Corporation has two different segments of business: mortgage services and fleet management outsourcing. PHH Mortgage sells its loans to secondary market investors. The company posted net income of $58 million in the fourth quarter of 2012, compared to $46 million for the same period in the previous year. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 35.50
PHH's P/E(ttm) is ranked lower than
69% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 11.30 vs. PHH: 35.50 )
PHH' s 10-Year P/E(ttm) Range
Min: 4.39   Max: 394.6
Current: 35.5
4.39
394.6
P/B 0.80
PHH's P/B is ranked higher than
75% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.35 vs. PHH: 0.80 )
PHH' s 10-Year P/B Range
Min: 0.19   Max: 1.81
Current: 0.8
0.19
1.81
P/S 0.52
PHH's P/S is ranked higher than
93% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.29 vs. PHH: 0.52 )
PHH' s 10-Year P/S Range
Min: 0.1   Max: 4.68
Current: 0.52
0.1
4.68
PFCF 0.90
PHH's PFCF is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.12 vs. PHH: 0.90 )
PHH' s 10-Year PFCF Range
Min: 0.07   Max: 8.46
Current: 0.9
0.07
8.46
EV-to-EBIT 15.6
PHH's EV-to-EBIT is ranked higher than
65% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 16.25 vs. PHH: 15.6 )
PHH' s 10-Year EV-to-EBIT Range
Min: 9.7   Max: 334.6
Current: 15.6
9.7
334.6
Shiller P/E 89.9
PHH's Shiller P/E is ranked higher than
87% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 10.04 vs. PHH: 89.9 )
PHH' s 10-Year Shiller P/E Range
Min: 19.53   Max: 805
Current: 89.9
19.53
805

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 2.6
PHH's Price/Net Current Asset Value is ranked higher than
79% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.50 vs. PHH: 2.6 )
PHH' s 10-Year Price/Net Current Asset Value Range
Min: 1.6   Max: 8.8
Current: 2.6
1.6
8.8
Price/Tangible Book 2.6
PHH's Price/Tangible Book is ranked higher than
81% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.60 vs. PHH: 2.6 )
PHH' s 10-Year Price/Tangible Book Range
Min: 2.9   Max: 16.4
Current: 2.6
2.9
16.4
Price/DCF (Projected) 0.1
PHH's Price/DCF (Projected) is ranked higher than
62% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.50 vs. PHH: 0.1 )
PHH' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 0.3
Current: 0.1
0.1
0.3
Price/Median PS Value 1.2
PHH's Price/Median PS Value is ranked lower than
56% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.00 vs. PHH: 1.2 )
PHH' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.9
Current: 1.2
0.4
1.9
Price/Graham Number 1.3
PHH's Price/Graham Number is ranked lower than
75% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.80 vs. PHH: 1.3 )
PHH' s 10-Year Price/Graham Number Range
Min: 1.4   Max: 4
Current: 1.3
1.4
4
Earnings Yield (Greenblatt) 6.40
PHH's Earnings Yield (Greenblatt) is ranked higher than
66% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 8.45 vs. PHH: 6.40 )
PHH' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 10.3
Current: 6.4
0.3
10.3
Forward Rate of Return (Yacktman) 186.18
PHH's Forward Rate of Return (Yacktman) is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 19.78 vs. PHH: 186.18 )
PHH' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -5.5   Max: 435.2
Current: 186.18
-5.5
435.2

Business Description

PHH Corporation was incorporated in 1953 as a Maryland corporation. The Company is an outsource provider of mortgage and fleet management services. It conducts its business through three operating segments: a Mortgage Production segment, a Mortgage Servicing segment and a Fleet Management Services segment. Its Mortgage Production segment provides mortgage services, including private-label mortgage services, to financial institutions and real estate brokers through PHH Mortgage. The Mortgage Production segment generates revenue through fee-based mortgage loan origination services and the origination and sale of mortgage loans into the secondary market. PHH Mortgage generally sells all mortgage loans that it originates to secondary market investors, which include a variety of institutional investors, and typically retains the servicing rights on mortgage loans sold. The Mortgage Production segment also includes its interest in Speedy Title & Appraisal Review Services LLC ("STARS"), which provides appraisal services utilizing a network of professional licensed firms offering local coverage throughout the U.S. and also provides credit research, flood certification and tax services. Through its retail platform, the Company maintains direct contact with borrowers who are purchasing a home or refinancing a mortgage loan. It operates either through its teleservices operation or its network of field sales professionals. The Company mainly generates revenue in its Mortgage Servicing segment through fees earned from its servicing rights or from its subservicing agreements. The Company's Fleet Management Services segment provides commercial fleet management services to corporate clients and government agencies throughout the U.S. and Canada through its wholly owned subsidiary, PHH Vehicle Management Services Group LLC (PHH Arval). PHH Arval is an integrated provider of fleet management services with a range of product offerings. These services include management and leasing of vehicles and other fee-based services for its clients' vehicle fleets, which include vehicle maintenance service cards, fuel cards and accident management services. The Company's Mortgage Production and Mortgage Servicing segments are subject to numerous federal, state and local laws and regulations and might be subject to various judicial and administrative decisions imposing various requirements and restrictions on its business.
Company Website
SEC Reports
Industry: Credit Services
Compare:V, MA, TCAP, DFS, COF
» More Articles for PHH

Headlines

Articles On GuruFocus.com
Alan Fournier—Reduces PHH Mar 16 2013 
Kyle Bass Invests in Downgraded Mortgage Lender and Fleet Manager Jan 19 2012 
Daniel Loeb Continues to Deliver Superb Results; Top Holdings: POT, ACL, ARG, HNT, PHH, CIT Dec 02 2010 
Daniel Loeb Publishes Quarterly Letter; Top Holdings: TDG, ACL, CIT, PHH, HNT, ARG Aug 28 2010 
Hedge fund Third Point Buys Citigroup Inc., Yahoo! Inc., Mead Johnson Nutriti, Sells Apple Inc., Hew Feb 18 2010 
Daniel Loeb Top Holdings: PHH Corp., CF Industries Holdings Inc., Liberty Acquisition Holdings Corp. Nov 28 2009 
Weekly CEO Buy Highlights: Information Services Group Inc, Prospect Capital Corp, CVS Caremark Corp, Nov 21 2009 
PHH Corp. (PHH) CEO Jerome J. Selitto buys 17,500 Shares Nov 16 2009 
PHH Corp. (PHH) President & CEO-PHH Mortgage Mark Danahy sells 16,120 Shares Aug 11 2009 
PHH Corp. (PHH) CEO Terence W Edwards buys 3,000 Shares May 14 2009 

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Bear of the Day: PHH Corp (PHH) - Bear of the Day May 16 2013 - ZACKS

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