Discounted Cash Flow
TWO Harbors Investment Corp. 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 | — | $353.3m | $239.7m | — | $2.03 |
| 2017 | — | $348.6m (-1.3%) | $606.8m (153.2%) | — | $1.85 (-8.9%) |
| 2018 | — | $-44.3m (-112.7%) | $702.9m (15.8%) | — | $-0.53 (-128.6%) |
| 2019 | — | $324.0m (831.5%) | $1.1b (50.3%) | — | $0.93 (275.5%) |
| 2020 | — | $-1.6b (-603.2%) | $631.6m (-40.2%) | — | $-6.24 (-771.0%) |
| 2021 | — | $187.2m (111.5%) | $-318.6m (-150.4%) | — | $0.43 (106.9%) |
| 2022 | — | $220.2m (17.6%) | $-6.4m (98.0%) | — | $2.15 (400.0%) |
| 2023 | — | $-106.4m (-148.3%) | $30.9m (581.8%) | — | $-1.60 (-174.4%) |
| 2024 | — | $298.2m (380.3%) | $86.9m (181.4%) | — | $2.41 (250.6%) |
| 2025 | — | $-454.3m (-252.4%) | $88.9m (2.3%) | — | $-4.88 (-302.5%) |
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.