Discounted Cash Flow

Chimera Investment Corp. REIT

CIM · 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 $551.9m $552.9m $2.93
2017 $524.7m (-4.9%) $487.3m (-11.9%) $2.62 (-10.6%)
2018 $411.6m (-21.5%) $297.6m (-38.9%) $1.97 (-24.8%)
2019 $413.6m (0.5%) $65.0m (-78.1%) $1.82 (-7.6%)
2020 $88.9m (-78.5%) $257.9m (296.6%) $0.07 (-96.2%)
2021 $670.1m (654.2%) $519.2m (101.3%) $2.55 (3542.9%)
2022 $-513.1m (-176.6%) $325.7m (-37.3%) $-2.51 (-198.4%)
2023 $126.1m (124.6%) $213.3m (-34.5%) $0.23 (109.2%)
2024 $761.0m $176.1m (39.6%) $205.7m (-3.6%) 23.1% $1.12 (387.0%)
2025 $821.3m (7.9%) $230.5m (30.9%) $-287.1m (-239.6%) 28.1% (21.3%) $1.76 (57.1%)

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