Discounted Cash Flow (DCF) Analysis Levered
New York Mortgage Trust, Inc. (NYMT)
$2.965
-0.01 (-0.17%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 131.26 | 146.46 | 201.19 | -231.90 | 261.46 | 13.68 | 0.72 | 0.04 | 0 | 0 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 29.33 | 24.18 | 35.10 | 110.75 | 138.91 | 1.69 | 0.09 | 0 | 0 | 0 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | -0.30 | -0.46 | -0.13 | -0.21 | -46.06 | -0.50 | -0.03 | -0 | -0 | -0 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | 29.04 | 23.72 | 34.97 | 110.55 | 92.85 | 1.19 | 0.06 | 0 | 0 | 0 |
Weighted Average Cost Of Capital
Share price | $ 2.965 |
---|---|
Beta | 1.823 |
Diluted Shares Outstanding | 380.98 |
Cost of Debt | |
Tax Rate | -1.19 |
After-tax Cost of Debt | 3.32% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 11.433 |
Total Debt | 2,511.18 |
Total Equity | 1,129.61 |
Total Capital | 3,640.79 |
Debt Weighting | 68.97 |
Equity Weighting | 31.03 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 131.26 | 146.46 | 201.19 | -231.90 | 261.46 | 13.68 | 0.72 | 0.04 | 0 | 0 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 29.33 | 24.18 | 35.10 | 110.75 | 138.91 | 1.69 | 0.09 | 0 | 0 | 0 |
Capital Expenditure | -0.30 | -0.46 | -0.13 | -0.21 | -46.06 | -0.50 | -0.03 | -0 | -0 | -0 |
Free Cash Flow | 29.04 | 23.72 | 34.97 | 110.55 | 92.85 | 1.19 | 0.06 | 0 | 0 | 0 |
WACC | ||||||||||
PV LFCF | 1.13 | 0.06 | 0 | 0 | 0 | |||||
SUM PV LFCF | 1.18 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.84 |
Free cash flow (t + 1) | 0 |
Terminal Value | 0 |
Present Value of Terminal Value | 0 |
Intrinsic Value
Enterprise Value | 1.18 |
---|---|
Net Debt | 2,221.58 |
Equity Value | -2,220.39 |
Shares Outstanding | 380.98 |
Equity Value Per Share | -5.83 |