Discounted Cash Flow

Franklin BSP Realty Trust, Inc. REIT

FBRT · 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
Dividends

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 $56.2m $30.0m $35.0m 53.3% $0.95
2017 $17.3m (-69.3%) $33.8m (12.6%) $8.4m (-76.1%) 195.5% (266.6%) $1.06 (11.6%)
2018 $26.0m (50.4%) $52.8m (56.4%) $7.1m (-15.0%) 203.2% (4.0%) $1.44 (35.8%)
2019 $27.0m (4.0%) $83.9m (58.9%) $45.4m (539.2%) 310.5% (52.8%) $1.60 (11.1%)
2020 $117.6m (335.1%) $54.7m (-34.8%) $115.3m (154.2%) 46.5% (-85.0%) $0.90 (-43.8%)
2021 $160.8m (36.7%) $25.7m (-53.1%) $146.5m (27.0%) 16.0% (-65.7%) $-0.18 (-120.0%)
2022 $201.7m (25.4%) $14.4m (-43.9%) $14.4m (-90.1%) 7.2% (-55.2%) $-0.38 (-111.1%)
2023 $263.9m (30.9%) $145.2m (906.3%) $197.4m (1267.8%) 55.0% (668.8%) $1.42 (473.7%)
2024 $210.5m (-20.3%) $95.9m (-34.0%) $57.2m (-71.0%) 45.6% (-17.2%) $0.82 (-42.3%)
2025 $270.1m (28.3%) $82.3m (-14.2%) $291.6m (409.5%) 30.5% (-33.1%) $0.65 (-20.7%)

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