Discounted Cash Flow

MFA Financial, Inc.

MFA · Based on 10 years of SEC filings

DCF estimate unavailable — erratic_earnings_4_sign_flips

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 $263.8m $312.7m $-1.8b 118.5% $0.80
2017 $236.3m (-10.4%) $322.4m (3.1%) $-1.4b (22.8%) 136.4% (15.1%) $0.79 (-1.3%)
2018 $223.5m (-5.4%) $301.8m (-6.4%) $-2.5b (-74.6%) 135.0% (-1.0%) $0.68 (-13.9%)
2019 $249.4m (11.6%) $378.1m (25.3%) $213.9m (108.7%) 151.6% (12.3%) $0.80 (17.6%)
2020 $90.6m (-63.7%) $-679.4m (-279.7%) $33.5m (-84.3%) -749.7% (-594.4%) $-1.57 (-296.2%)
2021 $241.9m (166.9%) $328.9m (148.4%) $108.2m (222.8%) 135.9% (118.1%) $0.67 (142.7%)
2022 $223.6m (-7.6%) $-231.6m (-170.4%) $365.8m (237.9%) -103.6% (-176.2%) $-2.57 (-483.6%)
2023 $176.5m (-21.1%) $80.2m (134.6%) $-480.2m (-231.3%) 45.4% (143.9%) $0.46 (117.9%)
2024 $202.7m (14.9%) $119.3m (48.8%) $-669.0m (-39.3%) 58.8% (29.5%) $0.83 (80.4%)
2025 $231.1m (14.0%) $176.8m (48.2%) $176.8m (126.4%) 76.5% (30.1%) $1.31 (57.8%)

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

erratic_earnings_4_sign_flips

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.