Lument Finance Trust, Inc. (LFT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+6859.7%

$278.04

vs $4.00 price

Levered DCF

$1,115.81

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.28

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-10.07×	7.59×	8.03×	17.27×	12.8×	9.62×	29.36×	-12.43×
P/B	0.34×	0.57×	0.51×	0.38×	0.57×	0.72×	0.7×	0.45×
P/S	0.93×	3.87×	3.79×	4.59×	4.55×	4.26×	4.7×	13.53×
EV / EBITDA	20×	0×	12.93×	15,116.34×	2,242.78×	0.28×	0×	553.77×
Gross margin	90.1%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	-20008.5%
Operating margin	65.9%	0.0%	68.5%	0.0%	0.0%	0.0%	0.0%	753.4%
Net margin	-3.5%	65.0%	61.5%	49.3%	50.0%	44.1%	38.4%	-109.6%
Current ratio	0.16×	0×	139.71×	0×	176.78×	119.67×	165.76×	54.98×
Debt / equity	4.51×	3.68×	4.96×	3.61×	5.16×	4.42×	5.02×	3.49×
Interest coverage	0.97×	0×	0.29×	0×	0×	0×	0×	0.9×
Dividend yield	31.2%	15.1%	14.6%	17.8%	12.6%	9.4%	9.4%	12.9%
Payout ratio	-839.7%	90.2%	90.3%	166.1%	114.9%	90.6%	114.7%	-158.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1.3%	9.5%	8.2%	4.1%	6.2%	7.4%	5.8%	-3.6%
Return on invested capital	235.5%	0.0%	1.5%	0.0%	0.0%	0.0%	0.0%	53.4%
Return on assets	-0.2%	2.0%	1.4%	0.9%	1.0%	1.4%	0.9%	-0.8%
Free cash flow yield	11.6%	20.1%	20.3%	17.7%	14.5%	15.0%	9.5%	-292.1%
Earnings yield	-3.7%	16.8%	16.2%	10.7%	11.0%	10.4%	8.2%	-8.1%
Enterprise value	$1B	$941.6M	$1.3B	$924.3M	$954.7M	$572.8M	$610.9M	$582.9M
Net debt / EBITDA	18.58×	0×	11.68×	13,614.14×	2,017.74×	0.24×	0×	489.6×
Cash conversion cycle (days)	-62	62	15,747	106	17,357	10,438	14,253	4,375