Discounted Cash Flow (DCF) Analysis Levered

PennyMac Mortgage Investment Trust (PMT)

$12.23

-0.21 (-1.69%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -28.84 | 12.23 | overvalue

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 106.7181.1126.0414.087.614.112.221.200.65
Revenue (%)
Operating Cash Flow 671.66-2,819.711,784.47187.96101.6154.9329.6916.058.68
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ---187.96101.6154.9329.6916.058.68

Weighted Average Cost Of Capital

Share price $ 12.23
Beta 1.405
Diluted Shares Outstanding 91.43
Cost of Debt
Tax Rate 282.46
After-tax Cost of Debt -9.12%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.323
Total Debt 2,790.96
Total Equity 1,118.24
Total Capital 3,909.20
Debt Weighting 71.39
Equity Weighting 28.61
Wacc

Build Up Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 106.7181.1126.0414.087.614.112.221.200.65
Operating Cash Flow 671.66-2,819.711,784.47187.96101.6154.9329.6916.058.68
Capital Expenditure ---------
Free Cash Flow ---187.96101.6154.9329.6916.058.68
WACC
PV LFCF 181.27101.6156.9531.9217.9010.03
SUM PV LFCF 226.47

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -3.56
Free cash flow (t + 1) 8.85
Terminal Value -159.18
Present Value of Terminal Value -190.81

Intrinsic Value

Enterprise Value 35.66
Net Debt 2,672.29
Equity Value -2,636.62
Shares Outstanding 91.43
Equity Value Per Share -28.84