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
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 | 146.47 | 201.19 | -231.90 | 261.46 | 128.97 | -13.32 | 1.38 | -0.14 | 0.01 | -0 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 24.18 | 35.10 | 110.75 | 138.91 | 91.78 | -2.94 | 0.30 | -0.03 | 0 | -0 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -0.46 | -0.13 | -0.21 | -46.06 | -209.37 | 4.80 | -0.50 | 0.05 | -0.01 | 0 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 23.72 | 34.97 | 110.55 | 92.85 | -117.59 | 1.86 | -0.19 | 0.02 | -0 | 0 |
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 | 146.47 | 201.19 | -231.90 | 261.46 | 128.97 | -13.32 | 1.38 | -0.14 | 0.01 | -0 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 24.18 | 35.10 | 110.75 | 138.91 | 91.78 | -2.94 | 0.30 | -0.03 | 0 | -0 |
Capital Expenditure | -0.46 | -0.13 | -0.21 | -46.06 | -209.37 | 4.80 | -0.50 | 0.05 | -0.01 | 0 |
Free Cash Flow | 23.72 | 34.97 | 110.55 | 92.85 | -117.59 | 1.86 | -0.19 | 0.02 | -0 | 0 |
WACC | ||||||||||
PV LFCF | 1.26 | -0.09 | 0.01 | -0 | 0 | |||||
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 |