Discounted Cash Flow

Adamas Trust, Inc. REIT

ADAM · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $64.6m $-9.0k $53.8m -0.0% $0.50
2017 $58.0m (-10.3%) $3.4m (38022.2%) $29.0m (-46.1%) 5.9% (42372.6%) $0.68 (36.0%)
2018 $78.7m (35.8%) $-1.9m (-155.9%) $-1.9m (-106.6%) -2.4% (-141.2%) $0.62 (-8.8%)
2019 $127.9m (62.4%) $840.0k (144.0%) $35.0m (1932.0%) 0.7% (127.1%) $0.65 (4.8%)
2020 $127.1m (-0.6%) $-267.0k (-131.8%) $110.5m (216.1%) -0.2% (-132.0%) $-0.89 (-236.9%)
2021 $123.6m (-2.7%) $4.7m (1869.3%) $4.7m (-95.7%) 3.8% (1919.0%) $0.38 (142.7%)
2022 $129.0m (4.3%) $42.0m (790.0%) $-117.6m (-2589.2%) 32.6% (753.1%) $-0.90 (-336.8%)
2023 $66.5m (-48.4%) $29.1m (-30.7%) $-20.5m (82.6%) 43.8% (34.3%) $-0.99 (-10.0%)
2024 $83.9m (26.0%) $31.9m (9.6%) $-10.6m (48.3%) 38.1% (-13.1%) $-1.14 (-15.2%)
2025 $149.3m (78.0%) $11.4m (-64.3%) $11.4m (207.7%) 7.6% (-80.0%) $1.12 (198.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model