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Cherry Hill Mortgage Investment (Cherry Hill Mortgage Investment) Intrinsic Value: Projected FCF : $2.65 (As of Apr. 29, 2024)


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What is Cherry Hill Mortgage Investment Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-29), Cherry Hill Mortgage Investment's Intrinsic Value: Projected FCF is $2.65. The stock price of Cherry Hill Mortgage Investment is $3.495. Therefore, Cherry Hill Mortgage Investment's Price-to-Intrinsic-Value-Projected-FCF of today is 1.3.

The historical rank and industry rank for Cherry Hill Mortgage Investment's Intrinsic Value: Projected FCF or its related term are showing as below:

CHMI' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.49   Med: 1.61   Max: 2.76
Current: 1.32

During the past 12 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Cherry Hill Mortgage Investment was 2.76. The lowest was 0.49. And the median was 1.61.

CHMI's Price-to-Projected-FCF is ranked worse than
83.79% of 549 companies
in the REITs industry
Industry Median: 0.66 vs CHMI: 1.32

Cherry Hill Mortgage Investment Intrinsic Value: Projected FCF Historical Data

The historical data trend for Cherry Hill Mortgage Investment's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cherry Hill Mortgage Investment Intrinsic Value: Projected FCF Chart

Cherry Hill Mortgage Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.57 3.31 -0.83 -0.91 2.65

Cherry Hill Mortgage Investment Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.91 -1.11 -14.29 0.18 2.65

Competitive Comparison of Cherry Hill Mortgage Investment's Intrinsic Value: Projected FCF

For the REIT - Mortgage subindustry, Cherry Hill Mortgage Investment's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cherry Hill Mortgage Investment's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cherry Hill Mortgage Investment's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Cherry Hill Mortgage Investment's Price-to-Projected-FCF falls into.



Cherry Hill Mortgage Investment Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Cherry Hill Mortgage Investment's Free Cash Flow(6 year avg) = $-13.84.

Cherry Hill Mortgage Investment's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-13.83824+255.476*0.8)/27.453
=2.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cherry Hill Mortgage Investment  (NYSE:CHMI) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Cherry Hill Mortgage Investment's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=3.495/2.6458270400559
=1.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cherry Hill Mortgage Investment Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Cherry Hill Mortgage Investment's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Cherry Hill Mortgage Investment (Cherry Hill Mortgage Investment) Business Description

Traded in Other Exchanges
Address
1451 Route 34, Suite 303, Farmingdale, NJ, USA, 07727
Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.
Executives
Jay Lown director, officer: President and CEO 301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Sharon L Cook director CHERRY HILL MORTGAGE INVESTMENT CORP, 1451 ROUTE 34, SUITE 303, FARMINGDALE NJ 07727
Regina Lowrie director 155 INVERNESS DRIVE, BLUE BELL PA 19422
Julian Evans officer: Chief Investment Officer 301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Michael Andrew Hutchby officer: Chief Financial Officer CHERRY HILL MORTGAGE MANAGEMENT, 1451 HIGHWAY 34, SUITE 303, FARMINGDALE NJ 07727
Martin Levine officer: Chief Financial Officer 301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Mercer Robert C Jr director 1256 OVERTON CIRCLE, GALLATIN TN 37066
Joseph J Murin director 6528 KAISER DRIVE, FREMONT CA 94555
Jonathan Kislak director 800 BRICKELL AVENUE, SUITE 400, MIAMI FL 33131
Stanley C. Middleman director, 10 percent owner 301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Robert A Salcetti director 1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Citadel Gp Llc 10 percent owner 131 DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603
Calc Iii Lp 10 percent owner 131 S. DEARBORN STREET, 32ND FLOOR, CHICAGO IL 60603
Kenneth C Griffin 10 percent owner CITADEL INVESTMENT GROUP LLC, 131 S DEARBORN STREET 32ND FL, CHICAGO IL 60603
Citadel Securities Llc 10 percent owner 131 SOUTH DEARBORN STREET, CHICAGO IL 60603

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