New York Mortgage Trust Valuation

Is NYMT.M undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NYMT.M when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NYMT.M's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NYMT.M's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NYMT.M?

Key metric: As NYMT.M is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NYMT.M. This is calculated by dividing NYMT.M's market cap by their current revenue.
What is NYMT.M's PS Ratio?
PS Ratio	2.1x
Sales	US$252.54m
Market Cap	US$541.67m

NYMT.M key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does NYMT.M's PS Ratio compare to its peers?

The above table shows the PS ratio for NYMT.M vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5.4x
MFA MFA Financial	3.1x	-13.5%	US$1.1b
BRSP BrightSpire Capital	2.1x	-43.5%	US$807.9m
TWO Two Harbors Investment	10.2x	-56.8%	US$1.2b
FBRT Franklin BSP Realty Trust	6.3x	9.9%	US$1.1b
NYMT.M New York Mortgage Trust	2.1x	-22.4%	US$541.7m

Price-To-Sales vs Peers: NYMT.M is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (5.4x).

Price to Sales Ratio vs Industry

How does NYMT.M's PS Ratio compare vs other companies in the US Mortgage REITs Industry?

1 Company	Price / Sales	Estimated Growth	Market Cap
BMNM Bimini Capital Management	0.7x	n/a	US$9.54m

No more companies available in this PS range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NYMT.M is good value based on its Price-To-Sales Ratio (2.1x) compared to the US Mortgage REITs industry average (5.5x).

Price to Sales Ratio vs Fair Ratio

What is NYMT.M's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NYMT.M PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.1x
Fair PS Ratio	1.4x

Price-To-Sales vs Fair Ratio: NYMT.M is expensive based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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