Discounted Cash Flow (DCF) Analysis Levered

AG Mortgage Investment Trust, Inc. (MITT)

$5.97

-0.10 (-1.65%)
All numbers are in Millions, Currency in USD
Stock DCF: 721,925,071,287.22 | 5.97 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 119.04-390.3599.800.2247.832,581.17139,297.057,517,385.80405,687,636.2821,893,576,108.10
Revenue (%)
Operating Cash Flow 65.244.1626.3022.52-053,741.812,900,261.85156,517,226.118,446,700,110.32455,839,555,334.18
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----53,741.812,900,261.85156,517,226.118,446,700,110.32455,839,555,334.18

Weighted Average Cost Of Capital

Share price $ 5.97
Beta 1.992
Diluted Shares Outstanding 21.10
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.21%
Risk-Free Rate
Market Risk Premium
Cost of Equity 13.612
Total Debt 3,883.54
Total Equity 125.95
Total Capital 4,009.49
Debt Weighting 96.86
Equity Weighting 3.14
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 119.04-390.3599.800.2247.832,581.17139,297.057,517,385.80405,687,636.2821,893,576,108.10
Operating Cash Flow 65.244.1626.3022.52-053,741.812,900,261.85156,517,226.118,446,700,110.32455,839,555,334.18
Capital Expenditure ----------
Free Cash Flow -----53,741.812,900,261.85156,517,226.118,446,700,110.32455,839,555,334.18
WACC
PV LFCF 41,244.422,129,767.89109,976,364.885,678,929,087.61293,246,968,263.95
SUM PV LFCF 372,834,148,355.87

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.51
Free cash flow (t + 1) 464,956,346,440.86
Terminal Value 18,524,157,228,719.56
Present Value of Terminal Value 14,857,619,084,389.52

Intrinsic Value

Enterprise Value 15,230,453,232,745.39
Net Debt 3,798.92
Equity Value 15,230,453,228,946.47
Shares Outstanding 21.10
Equity Value Per Share 721,925,071,287.22