Annaly Capital Management, Inc.

NYSE:NLY Stock Report

Mkt Cap: US$9.7b

We’ve recently updated our valuation analysis.

Annaly Capital Management Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NLY?

Other financial metrics that can be useful for relative valuation.

NLY 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does NLY's PB Ratio compare to its peers?

The above table shows the PB ratio for NLY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.8x
BXMT Blackstone Mortgage Trust
0.7x14.5%US$3.2b
STWD Starwood Property Trust
0.9x15.6%US$5.7b
RITM Rithm Capital
0.7x29.6%US$4.2b
ABR Arbor Realty Trust
1x5.6%US$2.6b
NLY Annaly Capital Management
0.9x143.0%US$9.7b

Price-To-Book vs Peers: NLY is expensive based on its Price-To-Book Ratio (0.9x) compared to the peer average (0.8x).

Price to Earnings Ratio vs Industry

How does NLY's PE Ratio compare vs other companies in the US Mortgage REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a58.9%
 n/an/an/a
No. of CompaniesPB048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a58.9%
 n/an/an/a
No more companies

Price-To-Book vs Industry: NLY is expensive based on its Price-To-Book Ratio (0.9x) compared to the US Mortgage REITs industry average (0.7x)

Price to Book Ratio vs Fair Ratio

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

NLY PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NLY's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: NLY ($19.61) is trading below our estimate of fair value ($21.98)

Significantly Below Fair Value: NLY is trading below fair value, but not by a significant amount.

Analyst Price Targets

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

The above table shows the analyst NLY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.61
US$21.56
+10.0%
4.1%US$23.50US$20.50n/a8
May ’24US$19.32
US$21.89
+13.3%
5.6%US$24.00US$20.00n/a9
Apr ’24US$19.11
US$22.78
+19.2%
5.7%US$24.50US$20.00n/a9
Mar ’24US$20.14
US$23.03
+14.3%
3.8%US$24.50US$22.00n/a9
Feb ’24US$24.00
US$22.08
-8.0%
8.0%US$24.50US$18.50n/a9
Jan ’24US$21.08
US$20.00
-5.1%
7.3%US$23.00US$18.50n/a9
Dec ’23US$21.88
US$19.39
-11.4%
3.4%US$20.50US$18.50n/a9
Nov ’23US$18.42
US$19.22
+4.4%
4.1%US$20.50US$18.00n/a9
Oct ’23US$17.16
US$25.11
+46.3%
9.8%US$28.00US$19.00n/a9
Sep ’23US$25.52
US$26.33
+3.2%
5.7%US$28.00US$24.00n/a9
Aug ’23US$27.60
US$26.38
-4.4%
6.0%US$28.00US$24.00n/a8
Jul ’23US$24.32
US$25.89
+6.5%
5.9%US$28.00US$24.00n/a9
Jun ’23US$26.40
US$25.89
-1.9%
5.3%US$28.00US$24.00US$19.439
May ’23US$25.68
US$26.56
+3.4%
8.9%US$32.00US$24.00US$19.329
Apr ’23US$28.24
US$30.89
+9.4%
4.2%US$33.00US$29.00US$19.119
Mar ’23US$27.88
US$30.89
+10.8%
4.2%US$33.00US$29.00US$20.149
Feb ’23US$31.56
US$34.30
+8.7%
7.0%US$38.00US$30.00US$24.0010
Jan ’23US$31.28
US$35.45
+13.3%
5.0%US$38.00US$32.00US$21.0811
Dec ’22US$31.92
US$35.64
+11.6%
4.2%US$38.00US$34.00US$21.8811
Nov ’22US$34.48
US$35.73
+3.6%
4.0%US$38.00US$34.00US$18.4211
Oct ’22US$33.84
US$35.91
+6.1%
3.7%US$38.00US$34.00US$17.1611
Sep ’22US$34.92
US$35.91
+2.8%
3.7%US$38.00US$34.00US$25.5211
Aug ’22US$33.96
US$36.27
+6.8%
3.1%US$38.00US$34.00US$27.6011
Jul ’22US$35.68
US$37.18
+4.2%
3.4%US$40.00US$36.00US$24.3211
Jun ’22US$37.68
US$37.00
-1.8%
3.6%US$39.00US$34.00US$26.4011

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies