Discounted Cash Flow

Agnc Investment Corp. REIT

AGNC · 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 $927.0m $595.0m $1.4b 64.2% $1.79
2017 $769.0m (-17.0%) $733.0m (23.2%) $1.3b (-6.8%) 95.3% (48.5%) $2.04 (14.0%)
2018 $776.0m (0.9%) $129.0m (-82.4%) $1.1b (-11.7%) 16.6% (-82.6%) $0.21 (-89.7%)
2019 $693.0m (-10.7%) $688.0m (433.3%) $1.2b (6.0%) 99.3% (497.2%) $1.16 (452.4%)
2020 $845.0m (21.9%) $-266.0m (-138.7%) $1.7b (48.1%) -31.5% (-131.7%) $-0.66 (-156.9%)
2021 $1.3b (52.2%) $749.0m (381.6%) $1.5b (-11.8%) 58.2% (285.0%) $1.23 (286.4%)
2022 $1.6b (23.6%) $-1.2b (-258.9%) $1.0b (-34.2%) -74.8% (-228.5%) $-2.41 (-295.9%)
2023 $2.0b (28.4%) $155.0m (113.0%) $-118.0m (-111.6%) 7.6% (110.1%) $0.05 (102.1%)
2024 $2.9b (44.5%) $863.0m (456.8%) $86.0m (172.9%) 29.3% (285.3%) $0.93 (1760.0%)
2025 $3.5b (19.5%) $1.7b (93.5%) $653.0m (659.3%) 47.4% (62.0%) $1.48 (59.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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