US · DX
Dynex Capital, Inc.
- Sector
- Real Estate · REIT - Mortgage
- Headquarters
- Glen Allen, VA 23060-9245
- Website
- dynexcapital.com
Price · as of 2025-12-31
$13.57
Market cap 2.06B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $121.52 | +795.5% |
| Intrinsic Value(DCF) | $6.68 | -50.77% |
| Graham-Dodd Method(GD) | $32.69 | +140.88% |
| Graham Formula(GF) | $100.07 | +637.43% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $5.22 | $21.53 | $156.80 | $0.00 | $151.91 |
| 2012 | $6.72 | $29.00 | $9.53 | $5.70 | $295.44 |
| 2013 | $6.07 | $18.47 | $5.28 | $0.00 | $23.95 |
| 2014 | $6.51 | $19.41 | $0.00 | $0.00 | $14.73 |
| 2015 | $6.11 | $16.97 | $41.85 | $0.00 | $0.00 |
| 2016 | $6.90 | $20.50 | $5.66 | $0.00 | $137.74 |
| 2017 | $7.23 | $22.50 | $13.15 | $0.81 | $25.66 |
| 2018 | $7.80 | $17.25 | $8.16 | $0.00 | $1.85 |
| 2019 | $8.53 | $144.60 | $0.00 | $0.00 | $0.00 |
| 2020 | $10.07 | $76.03 | $0.00 | $31.79 | $365.26 |
| 2021 | $9.40 | $18.87 | $31.82 | $12.18 | $0.00 |
| 2022 | $7.87 | $17.76 | $0.00 | $12.51 | $0.00 |
| 2023 | $9.36 | $1,106.54 | $31.43 | $0.00 | |
| 2024 | $12.27 | $157.52 | $6.32 | $0.00 | $228.31 |
| 2025 | $13.87 | $121.52 | $4.65 | $32.69 | $100.07 |
AI valuation
Our deep-learning model estimates Dynex Capital, Inc.'s (DX) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $121.52
- Current price
- $13.57
- AI upside
- +795.5%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$6.68
-50.77% upside
Graham-Dodd
$32.69
+140.88% upside
Graham Formula
$100.07
+637.43% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| DX | Dynex Capital, Inc. | $13.57 | 2.06B | +796% | -51% | +141% | +637% | 5.40 | 0.70 | 4.10 | 19.92 | 8.20 | 0.70 | 100.00% | 175.59% | 75.89% | 17.50% | 6.46% | 2.50% | 5.65 | 1.76 | — | — | 17.59 | 6577.00% | 3220.00% | 73950.00% | 7.02% | — | 1.06% | 0.00% | 0.00% | 0.00% | 19.92 | 121.70 | 34.97 | 0.27 |
| ABR | Arbor Realty Trust, Inc. | $7.93 | 1.55B | +413% | +119% | +122% | — | 10.50 | 0.56 | 15.12 | 1.36 | — | 0.58 | -58.87% | 19.47% | 98.00% | 5.28% | 0.28% | 1.13% | 0.00 | 0.03 | — | — | -0.56 | -5254.00% | -8253.00% | -1931.00% | 22.47% | — | 4.95% | 0.00% | 0.00% | 604.87% | 55.02 | 3.15 | 10.72 | 0.13 |
| ADC | Agree Realty Corporation | $80.48 | 9.66B | -40% | -60% | -77% | -45% | 43.82 | 1.43 | 12.50 | 19.97 | — | 1.70 | 87.73% | 47.38% | 28.45% | 3.48% | 3.76% | 2.24% | 0.53 | 2.53 | 0.83 | 0.81 | 5.41 | -56.00% | 1642.00% | 1671.00% | 5.61% | 2.94 | 5.62% | 3.87% | 169.80% | 3.92% | 36.20 | 24.44 | 17.15 | 1.62 |
| ARR | ARMOUR Residential REIT, … | $17.95 | 2.01B | +1,612% | -22% | — | +8,183% | 7.93 | 0.74 | 1.29 | 20.27 | — | 0.74 | 97.02% | 73.91% | 24.72% | 11.69% | 9.00% | 1.23% | 7.94 | 1.50 | 0.01 | 0.01 | 18.53 | -74706.00% | 44408.00% | -5250.00% | 7.40% | 0.01 | 1.16% | 16.89% | 133.90% | 18.08% | 20.27 | 157.46 | 14.98 | -0.96 |
| EFC | Ellington Financial Inc. | $12.42 | 1.18B | -33% | -61% | — | +139% | 7.15 | 0.67 | 3.76 | — | 13.12 | 0.69 | 100.00% | 41.20% | 51.69% | 9.59% | 1.45% | 0.94% | 0.00 | 0.42 | — | — | — | 5455.00% | 1001.00% | 7801.00% | -40.63% | — | -5.38% | 15.43% | 110.40% | 1272.46% | 7.46 | -2.01 | 3.07 | 0.05 |
| FBRT | Franklin BSP Realty Trust… | $9.13 | 745.07M | +400% | -59% | +147% | +2% | 9.42 | 0.51 | 1.40 | 12.52 | — | 0.59 | 91.96% | 68.52% | 14.82% | 5.41% | 6.78% | 1.36% | 2.77 | 1.32 | 1.22 | 24.38 | 10.51 | -2195.00% | 112.00% | -10000.00% | 0.00% | 0.00 | 0.00% | 0.00% | 0.00% | 9.59% | 12.70 | — | 8.70 | 0.32 |
| KREF | KKR Real Estate Finance T… | $6.95 | 455.15M | +603% | -0% | — | +39% | -9.59 | 0.41 | 1.06 | 18.53 | — | 0.41 | 88.30% | 59.31% | -10.27% | -4.01% | 4.54% | -0.79% | 4.00 | 0.84 | 0.32 | 0.32 | 16.76 | -65263.00% | -2272.00% | -4641.00% | 13.77% | 0.21 | 1.12% | 18.20% | -174.60% | 65.31% | 18.75 | 76.36 | 11.12 | 0.11 |
| MFA | MFA Financial, Inc. | $10.11 | 1.03B | +259% | -60% | +101% | +3,473% | 6.00 | 0.58 | 1.21 | 1.23 | 5.72 | 0.58 | 96.18% | 78.84% | 20.20% | 9.64% | 11.21% | 1.45% | 0.00 | 1.34 | — | — | -0.31 | 10488.00% | 21302.00% | -6190.00% | 7.19% | — | 1.24% | 3.80% | 22.80% | 860.43% | 1.23 | 11.12 | 0.97 | 0.11 |
| PMT | PennyMac Mortgage Investm… | $12.26 | 1.07B | +1,511% | -50% | — | +2,817% | 8.29 | 0.56 | 0.61 | 20.42 | — | -0.60 | 91.61% | 78.96% | 7.33% | 6.68% | 5.31% | 0.72% | 10.12 | 1.58 | 0.03 | 0.06 | 19.52 | -2774.00% | 24581.00% | -10521.00% | 13.42% | 0.02 | 0.86% | 17.09% | 141.70% | 17.19% | 14.29 | 138.40 | 11.29 | -0.15 |
| RC | Ready Capital Corporation | $1.85 | 305.12M | +1,782% | +223% | — | +11,158% | -1.98 | 0.45 | 30.29 | — | — | 0.51 | 100.00% | 0.00% | -1593.02% | -19.08% | 0.00% | -3.71% | 3.28 | 0.00 | — | — | — | -21794.00% | -9299.00% | -25489.00% | -6.18% | — | -0.59% | 24.87% | -49.20% | 181.32% | — | -131.20 | 245.67 | -0.01 |
About Dynex Capital, Inc.
Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.
- CEO
- Byron L. Boston
- Employees
- 22
- Beta
- 0.96
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($6.68 ÷ $13.57) − 1 = -50.77% (DCF, example).