Intrinsic value of Granite Point Mortgage Trust - GPMT

Previous Close

$17.47

  Intrinsic Value

$87.13

stock screener

  Rating & Target

str. buy

+399%

Previous close

$17.47

 
Intrinsic value

$87.13

 
Up/down potential

+399%

 
Rating

str. buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GPMT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  577.78
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  61
  98
  151
  226
  327
  462
  635
  852
  1,119
  1,439
  1,818
  2,258
  2,760
  3,327
  3,958
  4,654
  5,414
  6,236
  7,120
  8,064
  9,066
  10,126
  11,242
  12,412
  13,638
  14,918
  16,253
  17,644
  19,090
  20,594
  22,157
Variable operating expenses, $m
 
  32
  49
  74
  107
  151
  208
  279
  367
  472
  596
  740
  905
  1,091
  1,298
  1,527
  1,776
  2,046
  2,335
  2,645
  2,974
  3,321
  3,687
  4,071
  4,473
  4,893
  5,331
  5,787
  6,262
  6,755
  7,268
Fixed operating expenses, $m
 
  6
  6
  6
  7
  7
  7
  7
  7
  7
  8
  8
  8
  8
  8
  9
  9
  9
  9
  10
  10
  10
  10
  11
  11
  11
  11
  12
  12
  12
  13
Total operating expenses, $m
  26
  38
  55
  80
  114
  158
  215
  286
  374
  479
  604
  748
  913
  1,099
  1,306
  1,536
  1,785
  2,055
  2,344
  2,655
  2,984
  3,331
  3,697
  4,082
  4,484
  4,904
  5,342
  5,799
  6,274
  6,767
  7,281
Operating income, $m
  35
  59
  95
  145
  213
  303
  420
  565
  744
  960
  1,214
  1,509
  1,847
  2,227
  2,651
  3,119
  3,629
  4,182
  4,775
  5,409
  6,083
  6,795
  7,544
  8,331
  9,154
  10,014
  10,911
  11,845
  12,817
  13,827
  14,877
EBITDA, $m
  35
  59
  95
  145
  213
  303
  420
  565
  744
  960
  1,214
  1,509
  1,847
  2,227
  2,651
  3,119
  3,629
  4,182
  4,775
  5,409
  6,083
  6,795
  7,544
  8,331
  9,154
  10,014
  10,911
  11,845
  12,817
  13,827
  14,877
Interest expense (income), $m
  10
  35
  56
  88
  131
  191
  270
  371
  498
  654
  842
  1,064
  1,322
  1,616
  1,948
  2,318
  2,726
  3,171
  3,653
  4,170
  4,723
  5,311
  5,931
  6,585
  7,271
  7,989
  8,739
  9,521
  10,335
  11,183
  12,064
Earnings before tax, $m
  35
  25
  39
  58
  82
  113
  150
  194
  246
  305
  372
  445
  525
  611
  703
  801
  903
  1,011
  1,123
  1,239
  1,359
  1,484
  1,613
  1,746
  1,883
  2,025
  2,172
  2,324
  2,481
  2,644
  2,813
Tax expense, $m
  0
  7
  10
  16
  22
  30
  40
  52
  66
  82
  100
  120
  142
  165
  190
  216
  244
  273
  303
  335
  367
  401
  435
  471
  508
  547
  586
  627
  670
  714
  760
Net income, $m
  35
  18
  28
  42
  60
  82
  109
  142
  180
  223
  271
  325
  383
  446
  513
  585
  660
  738
  820
  904
  992
  1,083
  1,177
  1,274
  1,375
  1,478
  1,586
  1,696
  1,811
  1,930
  2,054

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  56
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,496
  2,324
  3,590
  5,369
  7,791
  10,991
  15,111
  20,283
  26,633
  34,270
  43,285
  53,751
  65,715
  79,209
  94,243
  110,813
  128,902
  148,484
  169,528
  192,000
  215,865
  241,092
  267,656
  295,535
  324,718
  355,200
  386,985
  420,086
  454,526
  490,335
  527,555
Adjusted assets (=assets-cash), $m
  1,440
  2,324
  3,590
  5,369
  7,791
  10,991
  15,111
  20,283
  26,633
  34,270
  43,285
  53,751
  65,715
  79,209
  94,243
  110,813
  128,902
  148,484
  169,528
  192,000
  215,865
  241,092
  267,656
  295,535
  324,718
  355,200
  386,985
  420,086
  454,526
  490,335
  527,555
Revenue / Adjusted assets
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
  0.042
Average production assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Working capital, $m
  0
  49
  75
  113
  164
  231
  317
  426
  559
  720
  909
  1,129
  1,380
  1,663
  1,979
  2,327
  2,707
  3,118
  3,560
  4,032
  4,533
  5,063
  5,621
  6,206
  6,819
  7,459
  8,127
  8,822
  9,545
  10,297
  11,079
Total debt, $m
  1,045
  1,611
  2,501
  3,752
  5,454
  7,704
  10,600
  14,236
  18,700
  24,069
  30,407
  37,764
  46,175
  55,661
  66,230
  77,879
  90,595
  104,362
  119,155
  134,953
  151,730
  169,465
  188,139
  207,738
  228,254
  249,683
  272,028
  295,298
  319,509
  344,683
  370,848
Total liabilities, $m
  1,068
  1,634
  2,524
  3,775
  5,477
  7,727
  10,623
  14,259
  18,723
  24,092
  30,430
  37,787
  46,198
  55,684
  66,253
  77,902
  90,618
  104,385
  119,178
  134,976
  151,753
  169,488
  188,162
  207,761
  228,277
  249,706
  272,051
  295,321
  319,532
  344,706
  370,871
Total equity, $m
  428
  690
  1,066
  1,595
  2,314
  3,264
  4,488
  6,024
  7,910
  10,178
  12,856
  15,964
  19,517
  23,525
  27,990
  32,911
  38,284
  44,100
  50,350
  57,024
  64,112
  71,604
  79,494
  87,774
  96,441
  105,494
  114,935
  124,766
  134,994
  145,630
  156,684
Total liabilities and equity, $m
  1,496
  2,324
  3,590
  5,370
  7,791
  10,991
  15,111
  20,283
  26,633
  34,270
  43,286
  53,751
  65,715
  79,209
  94,243
  110,813
  128,902
  148,485
  169,528
  192,000
  215,865
  241,092
  267,656
  295,535
  324,718
  355,200
  386,986
  420,087
  454,526
  490,336
  527,555
Debt-to-equity ratio
  2.442
  2.330
  2.350
  2.350
  2.360
  2.360
  2.360
  2.360
  2.360
  2.360
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
  2.370
Adjusted equity ratio
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297
  0.297

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  35
  18
  28
  42
  60
  82
  109
  142
  180
  223
  271
  325
  383
  446
  513
  585
  660
  738
  820
  904
  992
  1,083
  1,177
  1,274
  1,375
  1,478
  1,586
  1,696
  1,811
  1,930
  2,054
Depreciation, amort., depletion, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Funds from operations, $m
  38
  18
  28
  42
  60
  82
  109
  142
  180
  223
  271
  325
  383
  446
  513
  585
  660
  738
  820
  904
  992
  1,083
  1,177
  1,274
  1,375
  1,478
  1,586
  1,696
  1,811
  1,930
  2,054
Change in working capital, $m
  5
  18
  27
  37
  51
  67
  87
  109
  133
  160
  189
  220
  251
  283
  316
  348
  380
  411
  442
  472
  501
  530
  558
  585
  613
  640
  667
  695
  723
  752
  782
Cash from operations, $m
  33
  0
  2
  5
  9
  15
  23
  33
  46
  62
  82
  105
  132
  163
  198
  237
  280
  327
  378
  433
  491
  554
  619
  689
  762
  838
  918
  1,001
  1,088
  1,178
  1,272
Maintenance CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
New CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from investing activities, $m
  -757
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Free cash flow, $m
  -724
  0
  2
  5
  9
  15
  23
  33
  46
  62
  82
  105
  132
  163
  198
  237
  280
  327
  378
  433
  491
  554
  619
  689
  762
  838
  918
  1,001
  1,088
  1,178
  1,272
Issuance/(repayment) of debt, $m
  818
  622
  890
  1,251
  1,702
  2,250
  2,896
  3,636
  4,464
  5,369
  6,338
  7,357
  8,411
  9,486
  10,569
  11,649
  12,717
  13,766
  14,794
  15,797
  16,777
  17,735
  18,674
  19,599
  20,516
  21,429
  22,345
  23,270
  24,211
  25,174
  26,165
Issuance/(repurchase) of shares, $m
  0
  244
  348
  486
  659
  868
  1,114
  1,394
  1,706
  2,045
  2,406
  2,783
  3,170
  3,561
  3,952
  4,337
  4,713
  5,078
  5,430
  5,770
  6,096
  6,409
  6,712
  7,006
  7,293
  7,575
  7,855
  8,135
  8,417
  8,705
  9,000
Cash from financing (excl. dividends), $m  
  724
  866
  1,238
  1,737
  2,361
  3,118
  4,010
  5,030
  6,170
  7,414
  8,744
  10,140
  11,581
  13,047
  14,521
  15,986
  17,430
  18,844
  20,224
  21,567
  22,873
  24,144
  25,386
  26,605
  27,809
  29,004
  30,200
  31,405
  32,628
  33,879
  35,165
Total cash flow (excl. dividends), $m
  0
  866
  1,240
  1,742
  2,370
  3,134
  4,033
  5,064
  6,216
  7,477
  8,826
  10,245
  11,713
  13,210
  14,718
  16,222
  17,709
  19,171
  20,602
  21,999
  23,364
  24,698
  26,006
  27,294
  28,570
  29,842
  31,117
  32,406
  33,716
  35,057
  36,438
Retained Cash Flow (-), $m
  59
  -262
  -376
  -528
  -719
  -951
  -1,223
  -1,536
  -1,886
  -2,268
  -2,678
  -3,108
  -3,554
  -4,008
  -4,465
  -4,921
  -5,372
  -5,816
  -6,250
  -6,674
  -7,088
  -7,493
  -7,889
  -8,280
  -8,667
  -9,053
  -9,440
  -9,831
  -10,229
  -10,635
  -11,054
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  603
  864
  1,213
  1,651
  2,183
  2,809
  3,527
  4,331
  5,208
  6,149
  7,137
  8,160
  9,203
  10,253
  11,301
  12,337
  13,355
  14,352
  15,325
  16,276
  17,205
  18,116
  19,014
  19,903
  20,789
  21,677
  22,575
  23,488
  24,422
  25,384
Discount rate, %
 
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.84
  17.69
  18.57
  19.50
  20.47
  21.50
  22.57
  23.70
  24.88
  26.13
  27.44
  28.81
  30.25
  31.76
  33.35
  35.02
  36.77
  38.60
  40.53
  42.56
  44.69
  46.92
PV of cash for distribution, $m
 
  542
  689
  851
  1,006
  1,141
  1,243
  1,304
  1,317
  1,283
  1,207
  1,096
  962
  817
  671
  534
  410
  305
  220
  153
  103
  67
  42
  25
  15
  8
  4
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  75.6
  58.8
  46.8
  37.9
  31.3
  26.2
  22.3
  19.2
  16.8
  14.8
  13.2
  11.8
  10.7
  9.8
  9.0
  8.3
  7.8
  7.2
  6.8
  6.4
  6.1
  5.8
  5.5
  5.2
  5.0
  4.8
  4.6
  4.5
  4.3
  4.2

Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.


Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 11

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 12

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 13

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 13

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 28

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 30

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 32

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 34

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 36

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 38

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 38

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 40

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 42

Warning: Division by zero in /home3/webhub/public_html/x-fin.com/stocks/a-inc/ratios.php on line 44

FINANCIAL RATIOS  of  Granite Point Mortgage Trust (GPMT)

Valuation Ratios
P/E Ratio 21.6
Price to Sales 12.4
Price to Book 1.8
Price to Tangible Book
Price to Cash Flow 22.9
Price to Free Cash Flow 22.9
Growth Rates
Sales Growth Rate 577.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio 0
Current Ratio NaN
LT Debt to Equity 105.4%
Total Debt to Equity 244.2%
Interest Coverage 5
Management Effectiveness
Return On Assets 4.1%
Ret/ On Assets - 3 Yr. Avg. 1.4%
Return On Total Capital 3.2%
Ret/ On T. Cap. - 3 Yr. Avg. 1.1%
Return On Equity 7.7%
Return On Equity - 3 Yr. Avg. 2.6%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 70.5%
Gross Margin - 3 Yr. Avg. 53.1%
EBITDA Margin 73.8%
EBITDA Margin - 3 Yr. Avg. 24.6%
Operating Margin 57.4%
Oper. Margin - 3 Yr. Avg. 19.1%
Pre-Tax Margin 57.4%
Pre-Tax Margin - 3 Yr. Avg. 19.1%
Net Profit Margin 57.4%
Net Profit Margin - 3 Yr. Avg. 19.1%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

GPMT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GPMT stock intrinsic value calculation we used $61 million for the last fiscal year's total revenue generated by Granite Point Mortgage Trust. The default revenue input number comes from 2016 income statement of Granite Point Mortgage Trust. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GPMT stock valuation model: a) initial revenue growth rate of 60% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.4%, whose default value for GPMT is calculated based on our internal credit rating of Granite Point Mortgage Trust, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Granite Point Mortgage Trust.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GPMT stock the variable cost ratio is equal to 32.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $6 million in the base year in the intrinsic value calculation for GPMT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Granite Point Mortgage Trust.

Corporate tax rate of 27% is the nominal tax rate for Granite Point Mortgage Trust. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GPMT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GPMT are equal to 0%.

Life of production assets of 10 years is the average useful life of capital assets used in Granite Point Mortgage Trust operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GPMT is equal to 50%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $428 million for Granite Point Mortgage Trust - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 43.308 million for Granite Point Mortgage Trust is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Granite Point Mortgage Trust at the current share price and the inputted number of shares is $0.8 billion.

COMPANY NEWS

▶ Granite Point Mortgage Trust Inc. Business Update   [Dec-06-17 04:12PM  Business Wire]
▶ Granite Point Mortgage Trust posts 3Q profit   [Nov-06-17 06:49PM  Associated Press]
▶ IPOs This Week: Is Blue Apron Ready to Take on Amazon?   [Jun-25-17 09:37AM  24/7 Wall St.]
Financial statements of GPMT
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.