Angel Oak Mortgage REIT, Inc.
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$9.12
Market Price
$7.27
Undervalued By
20.3%
Method: NAV-based valuation: 0.90x reported book value per share of $10.13 ($9.12/share); 23.21M shares outstanding (derived from $191.3M market cap / $8.24 share price).
Reasoning: Angel Oak Mortgage REIT is a non-QM residential mortgage REIT best valued on book value rather than DCF; a 10% discount to book reflects mark-to-market/credit risk in its non-qualified mortgage loan portfolio, while still implying the market's 15.5% dividend yield is pricing in somewhat more risk than warranted.