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DCF valuation

What is Starwood Property Trust, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Starwood Property Trust, Inc.'s reported free cash flow gives $8.14 per share. The share price was $11.95 on November 10, 2026, 47% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$99.4M
Cash
$391.9M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
349,991,000
Revenue growth per year, last 5 years
10.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear5.0%3.5%2.0%10.0%$5.41-55%
Base10.0%6.5%2.5%9.0%$8.14-32%
Bull15.0%9.0%3.0%8.0%$13.22+11%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$10.15$10.77$11.52$12.47$13.69
8.0%$8.64$9.04$9.52$10.09$10.79
9.0%$7.55$7.82$8.14$8.51$8.94
10.0%$6.71$6.91$7.13$7.38$7.67
11.0%$6.06$6.20$6.36$6.54$6.75

Where the presets come from

Base: years 1 to 5 grow at Starwood Property Trust, Inc.'s revenue growth rate over the last 5 fiscal years (10.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Starwood Property Trust, Inc. company page