Discounted Cash Flow
Annaly Capital Management Inc. REIT
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $2.2b | $1.4b | $6.9b | 64.8% | $1.39 |
| 2017 | $2.5b (12.8%) | $1.6b (9.5%) | $6.9b (1.1%) | 63.0% (-2.9%) | $1.37 (-1.4%) |
| 2018 | $3.3b (33.7%) | $54.4m (-96.5%) | $54.4m (-99.2%) | 1.6% (-97.4%) | $-0.06 (-104.4%) |
| 2019 | $3.8b (13.6%) | $-2.2b (-4075.3%) | $-1.2b (-2304.7%) | -57.1% (-3598.0%) | $-1.60 (-2566.7%) |
| 2020 | $2.2b (-41.1%) | $-891.2m (58.8%) | $528.0m (144.0%) | -40.0% (30.0%) | $-0.73 (54.4%) |
| 2021 | $2.0b (-11.1%) | $2.4b (368.2%) | $3.1b (482.8%) | 120.5% (401.5%) | $1.60 (319.2%) |
| 2022 | $2.8b (40.1%) | $1.7b (-27.8%) | $4.4b (41.6%) | 62.1% (-48.5%) | $3.93 (145.6%) |
| 2023 | $3.7b (34.3%) | $-1.6b (-195.2%) | $2.0b (-54.8%) | -44.0% (-170.9%) | $-3.61 (-191.9%) |
| 2024 | $4.8b (29.7%) | $1.0b (161.0%) | $2.4b (24.2%) | 20.7% (147.0%) | $1.62 (144.9%) |
| 2025 | $6.0b (23.1%) | $2.0b (102.3%) | $-222.2m (-109.1%) | 34.0% (64.3%) | $2.92 (80.2%) |
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): —
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.