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
Stock DCF: -5.83 | 2.965 | overvalue

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 131.26146.46201.19-231.90261.4613.680.720.0400
Revenue (%)
Operating Cash Flow 29.3324.1835.10110.75138.911.690.09000
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 29.0423.7234.97110.5592.851.190.06000

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 131.26146.46201.19-231.90261.4613.680.720.0400
Operating Cash Flow 29.3324.1835.10110.75138.911.690.09000
Capital Expenditure -0.30-0.46-0.13-0.21-46.06-0.50-0.03-0-0-0
Free Cash Flow 29.0423.7234.97110.5592.851.190.06000
WACC
PV LFCF 1.130.06000
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