Discounted Cash Flow (DCF) Analysis Levered

New York Mortgage Trust, Inc. (NYMTP)

$25.3205

+0.00 (+0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -14.66 | 25.3205 | overvalue

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 105.04131.26146.47201.19-231.90-149.95-96.96-62.69-40.54-26.21
Revenue (%)
Operating Cash Flow 53.8429.3324.1835.10110.75-17.93-11.60-7.50-4.85-3.14
Operating Cash Flow (%)
Capital Expenditure -7.0338.318.46-0.21-13.42-8.68-5.61-3.63-2.35
Capital Expenditure (%)
Free Cash Flow 53.8436.3662.4943.56110.55-31.36-20.28-13.11-8.48-5.48

Weighted Average Cost Of Capital

Share price $ 25.3,205
Beta 1.900
Diluted Shares Outstanding 109.44
Cost of Debt
Tax Rate -0.43
After-tax Cost of Debt 12.37%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.766
Total Debt 1,803.98
Total Equity 2,771.20
Total Capital 4,575.19
Debt Weighting 39.43
Equity Weighting 60.57
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 105.04131.26146.47201.19-231.90-149.95-96.96-62.69-40.54-26.21
Operating Cash Flow 53.8429.3324.1835.10110.75-17.93-11.60-7.50-4.85-3.14
Capital Expenditure -7.0338.318.46-0.21-13.42-8.68-5.61-3.63-2.35
Free Cash Flow 53.8436.3662.4943.56110.55-31.36-20.28-13.11-8.48-5.48
WACC
PV LFCF -28-16.16-9.33-5.39-3.11
SUM PV LFCF -61.99

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 12.00
Free cash flow (t + 1) -5.59
Terminal Value -55.91
Present Value of Terminal Value -31.73

Intrinsic Value

Enterprise Value -93.72
Net Debt 1,510.80
Equity Value -1,604.52
Shares Outstanding 109.44
Equity Value Per Share -14.66