Discounted Cash Flow (DCF) Analysis Levered

New York Mortgage Trust, Inc. (NYMT)

$9.955

-0.10 (-0.95%)
All numbers are in Millions, Currency in USD
Stock DCF: -3.18 | 9.955 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 146.47201.19-231.90261.46128.97-13.321.38-0.140.01-0
Revenue (%)
Operating Cash Flow 24.1835.10110.75138.9191.78-2.940.30-0.030-0
Operating Cash Flow (%)
Capital Expenditure -0.46-0.13-0.21-46.06-209.374.80-0.500.05-0.010
Capital Expenditure (%)
Free Cash Flow 23.7234.97110.5592.85-117.591.86-0.190.02-00

Weighted Average Cost Of Capital

Share price $ 9.955
Beta 1.850
Diluted Shares Outstanding 23.58
Cost of Debt
Tax Rate -0.14
After-tax Cost of Debt 132.90%
Risk-Free Rate
Market Risk Premium
Cost of Equity 12.502
Total Debt 97.38
Total Equity 234.74
Total Capital 332.13
Debt Weighting 29.32
Equity Weighting 70.68
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 146.47201.19-231.90261.46128.97-13.321.38-0.140.01-0
Operating Cash Flow 24.1835.10110.75138.9191.78-2.940.30-0.030-0
Capital Expenditure -0.46-0.13-0.21-46.06-209.374.80-0.500.05-0.010
Free Cash Flow 23.7234.97110.5592.85-117.591.86-0.190.02-00
WACC
PV LFCF 1.26-0.090.01-00
SUM PV LFCF 1.18

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 47.80
Free cash flow (t + 1) 0
Terminal Value 0
Present Value of Terminal Value 0

Intrinsic Value

Enterprise Value 1.18
Net Debt 76.25
Equity Value -75.08
Shares Outstanding 23.58
Equity Value Per Share -3.18