360 Capital Mortgage REIT (TCF) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of 360 Capital Mortgage REIT stock A$4.99, price A$4.58, upside +8.9%, quality 47 out of 100. Rating: fairly valued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range A$3.39 – A$5.77 · fair‑value band A$4.38 – A$6.03 · the A$4.58 price screens below the A$4.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
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360 Capital Mortgage REIT is a closed-ended fixed income mutual fund launched and managed by Elstree Investment Management Limited. The fund invests in the fixed income markets of Australia.
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It invests in a range of fixed income and hybrid securities, and other debt securities issued by government bodies, companies and specialist financing vehicles.
It was formerly known as Australian Enhanced Income Fund. 360 Capital Mortgage REIT was formed on October 17, 2006 and is domiciled in Australia.
Stock analysis
360 Capital Mortgage REIT (TCF) currently trades at A$4.58, while our model-based Fair Value estimate is A$4.99, so the stock looks roughly fairly valued today (gap 8.2%).
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Valuation
Bull case: the Dividend Discount group reads highest at a median of A$9.57 per share, and 5 of the 8 models we run sit above the A$4.58 price.
Bear case: the Asset-Based group reads lowest at A$0.7200, and 3 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: A$4.38 (bear) to A$6.03 (bull), the price of A$4.58 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
360 Capital Mortgage REIT reported revenue of A$6.3M in FY2025 versus A$1.6M in FY2021, a compound +41.1%/yr. Reported net income was A$5.5M in FY2025, compounding +41.5%/yr from FY2021.
Key figures
Market cap A$41.1M (≈ $28.4M) Micro · P/E ratio 7.2 · P/S ratio 6.28 · EPS (TTM) A$0.6400 · Net margin 87.8% · Return on equity 455% · Return on assets (EBIT) 6.0% (5-year average) · Free cash flow −A$2.9M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 56% fair-value upside, at 9%, TCF screens richer than that median.
Fair Value models
BearA$4.38Fair Value A$4.99BullA$6.03
Price A$4.58 · Upside +8.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (A$0.5488 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual IncomeA$5.30A$5.87A$7.0974
DDM Multi-StageA$5.15A$8.87A$10.8365
Gordon GGMA$5.15A$10.26A$15.5464
All 8 models by family
Dividend Discount
Gordon GGMA$5.15A$10.26A$15.5464
DDM Multi-StageA$5.15A$8.87A$10.8365
Multiples
P/S MultipleA$1.33A$1.77A$2.2158
P/B MultipleA$4.17A$5.56A$6.9555
EV/EBITA$6.40A$8.27A$10.1363
EV/RevenueA$1.80A$2.22A$2.6552
Asset-Based
NCAV (Graham)A$0.4800A$0.7200A$0.900052
Economic Profit
Residual IncomeA$5.30A$5.87A$7.0974
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+59.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+46.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+54.3%
Start year 2020 (pandemic). Over 10 years: +33.4% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +24.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24.3% vs 6.7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.64% → 88%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 51% above its own trend.
Compare 360 Capital Mortgage REIT with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Mortgage · 31 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+8.9% · Bottom 25%
Profitability
Return on equity (12 months)455.2% · Top 25%
Return on assets10.2% · Top 25%
Net margin (12 months)87.8% · Top 25%
Operating margin (12 months)0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs REIT - Mortgage median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "360 Capital Mortgage REIT Fair Value". https://www.fairvalue-calculator.com/stock/TCF
Frequently asked questions
Is 360 Capital Mortgage REIT (TCF) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of A$4.99 versus a price of A$4.58, about +9% upside (fairly valued).
What is the fair value of TCF?
Our model-based fair value for 360 Capital Mortgage REIT is A$4.99 (as of Nov 3, 2026), built from audited fundamentals. The current price: A$4.58.
What is the quality score of TCF?
360 Capital Mortgage REIT has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for 360 Capital Mortgage REIT (TCF)?
Our model-based price target is the fair value of A$4.99 (as of Nov 3, 2026) from 8 valuation models. Cautious scenario A$4.38, optimistic scenario A$6.03. It is a calculation from audited fundamentals, not an analyst target.
What is the 360 Capital Mortgage REIT stock forecast for 2026?
Our models put fair value at A$4.99, about +9% upside versus a price of A$4.58 (fairly valued). Cautious scenario A$4.38, optimistic scenario A$6.03. The calculation is refreshed regularly with new filings.
What is the intrinsic value of 360 Capital Mortgage REIT (TCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 360 Capital Mortgage REIT it is A$4.99 per share (as of Nov 3, 2026), against a price of A$4.58. It is the blended result of 8 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is 360 Capital Mortgage REIT stock overvalued or undervalued in 2026?
As of Nov 3, 2026, TCF trades below its calculated fair value: price A$4.58, fair value A$4.99, a gap of about +9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TCF?
No. The price is what the market pays today (A$4.58); the fair value is what the company's own numbers justify (A$4.99). For 360 Capital Mortgage REIT the two are A$0.4095 per share apart. That gap is exactly why we show both numbers side by side.
How much is 360 Capital Mortgage REIT worth?
The market values 360 Capital Mortgage REIT at about A$41.1M (market capitalisation, as of Nov 3, 2026). Per share that is A$4.58; our models calculate a fair value of A$4.99 per share.
What do the bullish and bearish scenarios say about TCF?
Our models span a range for 360 Capital Mortgage REIT: cautious scenario A$4.38, base A$4.99, optimistic A$6.03 per share (as of Nov 3, 2026, price A$4.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TCF?
360 Capital Mortgage REIT trades at a price-to-earnings ratio of 7.2 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$4.99 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 14.8. Other multiples: P/B 0.5, EV/EBITDA 3.8.
How solid is the balance sheet of 360 Capital Mortgage REIT (TCF)?
Balance-sheet figures for 360 Capital Mortgage REIT (as of Nov 3, 2026): return on equity 455.2%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is TCF from its 52-week high?
360 Capital Mortgage REIT trades at A$4.58, about 21% below its 52-week high of A$5.77 and 4% above the low of A$4.39 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$4.99 is for.
Which stocks are comparable to 360 Capital Mortgage REIT?
From the same area (Real Estate) we also value Annaly Capital Management, Inc, AGNC Investment Corp, Rithm Capital Corp, Starwood Property Trust, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is 360 Capital Mortgage REIT stock attractive at the current price?
The data as of Nov 3, 2026: price A$4.58, calculated fair value A$4.99 (+9%), Quality Score 47/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TCF calculated?
We run 360 Capital Mortgage REIT through 8 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of A$4.99 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. 360 Capital Mortgage REIT currently trades 8% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of 360 Capital Mortgage REIT (TCF)?
The closing price on Nov 9, 2026 was A$4.58. Our model-based fair value is A$4.99, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 360 Capital Mortgage REIT right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of 360 Capital Mortgage REIT
How large is the market capitalisation of 360 Capital Mortgage REIT (TCF)?
The market capitalisation of 360 Capital Mortgage REIT is A$41.1M (≈ $28.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of 360 Capital Mortgage REIT (TCF)?
The price-to-sales ratio of 360 Capital Mortgage REIT is 6.28 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of 360 Capital Mortgage REIT (TCF)?
Earnings per share at 360 Capital Mortgage REIT are A$0.6400 (price ÷ EPS = P/E 7.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of 360 Capital Mortgage REIT (TCF)?
The net margin of 360 Capital Mortgage REIT is 87.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of 360 Capital Mortgage REIT (TCF)?
The return on equity (ROE) of 360 Capital Mortgage REIT is 455% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of 360 Capital Mortgage REIT (TCF)?
On an EBIT basis the return on assets of 360 Capital Mortgage REIT is 6.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does 360 Capital Mortgage REIT (TCF) generate?
The free cash flow of 360 Capital Mortgage REIT is −A$2.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does 360 Capital Mortgage REIT (TCF) hold?
360 Capital Mortgage REIT holds more cash than debt, A$7.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 3, 2026