Bimini Capital Management, Inc.

AI-generated fair value estimate for this company.

Method: 10-year residual/owner-earnings DCF: $2.0M normalized whole-company net income run-rate (post Tom Johnson Investment Management acquisition, blending advisory-fee income from externally managing Orchid Island Capital plus TJIM plus residual MBS/Treasury portfolio interest income); 8% annual growth years 1-5 (AUM/fee growth); 4% years 6-10; 11% discount rate; 3% terminal growth; 9,990,256 Class A shares outstanding.

Reasoning: Bimini has pivoted from a pure agency-MBS mortgage REIT into an asset manager (advisory fees now ~$6.8M/quarter vs. ~$0.3M residual portfolio interest income, after liquidating most of the MBS book to fund the April 2026 TJIM acquisition), so a normalized-earnings DCF fits its current fee-based business model better than a book-value/dividend-capacity REIT approach.