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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:
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.
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.
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 | 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 | -0.91 | -1.11 | -14.29 | 0.18 | 2.65 |
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.
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.
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.
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.
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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