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CYS Investments (CYS Investments) Intrinsic Value: Projected FCF : $0.00 (As of Apr. 26, 2024)


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What is CYS Investments 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 (2024-04-26), CYS Investments's Intrinsic Value: Projected FCF is $0.00. The stock price of CYS Investments is $7.31. Therefore, CYS Investments's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for CYS Investments's Intrinsic Value: Projected FCF or its related term are showing as below:

CYS's Price-to-Projected-FCF is not ranked *
in the REITs industry.
Industry Median: 0.65
* Ranked among companies with meaningful Price-to-Projected-FCF only.

CYS Investments Intrinsic Value: Projected FCF Historical Data

The historical data trend for CYS Investments'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.

CYS Investments Intrinsic Value: Projected FCF Chart

CYS Investments Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -54.83 -59.80 -52.88 -26.37 23.54

CYS Investments Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 -2.80 20.64 20.92 23.54 31.36

Competitive Comparison of CYS Investments's Intrinsic Value: Projected FCF

For the REIT - Diversified subindustry, CYS Investments'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.


CYS Investments's Price-to-Projected-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CYS Investments's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where CYS Investments's Price-to-Projected-FCF falls into.



CYS Investments 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 CYS Investments's Free Cash Flow(6 year avg) = $246.03.

CYS Investments'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 (Mar18)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*246.0328+1426.945*0.8)/154.230
=22.59

* 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.


CYS Investments  (NYSE:CYS) 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.

CYS Investments's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=7.31/22.588826817997
=0.32

* 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.


CYS Investments Intrinsic Value: Projected FCF Related Terms

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


CYS Investments (CYS Investments) Business Description

Industry
Traded in Other Exchanges
N/A
Address
CYS Investments Inc is a specialty finance company with the objective of risk-adjusted investment income. The company generates its revenue primarily from the difference between the interest income earned on the investment portfolio and the cost of the company's borrowings and hedging activities. The company's investments include residential mortgage pass-through securities, for which the principal and interest payments are guaranteed by a government agency or government-sponsored entity; collateralised mortgage obligations issued by a government agency or government-sponsored entity; U.S. Treasuries; and debt securities issued by a government agency or a government-sponsored entity that is not backed by collateral.
Executives
Redlingshafer Raymond A Jr director 1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Dale Anne Reiss director 589 KINZIE ISLAND COURT, SANIBEL FL 33957
James A Stern director C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Kevin E Grant director, officer: Chairman, CEO, CIO, President 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Thomas A Rosenbloom officer: EVP, GC, and Secretary 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Richard E Cleary officer: COO and Assistant Secretary 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Tanya S Beder director 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Jack Decicco officer: CFO and Treasurer 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Karen Hammond director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen P. Jonas director 25 BEAVER PLACE, BOSTON MA 02108
David A Tyson director CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902
Jeffrey Hughes director 811 HANSEN WAY, PALO ALTO CA 94303
Frances Spark officer: CFO and Treasurer C/O AGNC INVESTMENT CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Douglas Ii Crocker director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Ryan Randall Brenneman officer: Chief Accounting Officer C/O EYEGATE PHARMACEUTICALS, INC., 271 WAVERLEY OAKS ROAD, SUITE 108, WALTHAM MA 02452