Here's Why We Think Federal Agricultural Mortgage (NYSE:AGM) Is Well Worth Watching
Apr 23
U.S. Thrifts and Mortgage Finance Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies30
- 7D6.5%
- 3M2.1%
- 1Y21.6%
- YTDn/a
Over the last 7 days, the Thrifts and Mortgage Finance industry has dropped 1.7%, driven by a pullback from Guild Holdings of 3.1%. On the other hand PennyMac Financial Services is actually up 7.7%. Over the past 12 months, the industry was up 16%. Earnings are forecast to grow by 54% annually.
Industry Valuation and Performance
Has the U.S. Thrifts and Mortgage Finance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | US$76.7b | US$19.1b | US$3.4b | 8.3x | 22.4x | 4x |
| Fri, 22 Mar 2024 | US$70.2b | US$19.2b | US$3.2b | 8.6x | 21.6x | 3.7x |
| Sun, 18 Feb 2024 | US$73.3b | US$18.8b | US$3.2b | 8.8x | 22.6x | 3.9x |
| Tue, 16 Jan 2024 | US$77.4b | US$19.7b | US$3.2b | 9x | 23.9x | 3.9x |
| Thu, 14 Dec 2023 | US$71.4b | US$19.7b | US$3.2b | 9.7x | 22x | 3.6x |
| Sat, 11 Nov 2023 | US$60.8b | US$19.4b | US$4.0b | 8.4x | 15.3x | 3.1x |
| Mon, 09 Oct 2023 | US$63.5b | US$20.0b | US$4.0b | 9.9x | 15.7x | 3.2x |
| Wed, 06 Sep 2023 | US$71.9b | US$20.0b | US$4.0b | 10.1x | 17.8x | 3.6x |
| Fri, 04 Aug 2023 | US$74.3b | US$20.1b | US$4.0b | 10.5x | 18.4x | 3.7x |
| Sun, 02 Jul 2023 | US$66.4b | US$20.3b | US$4.3b | 9.9x | 15.5x | 3.3x |
| Tue, 30 May 2023 | US$61.0b | US$20.3b | US$4.3b | 9.1x | 14.2x | 3x |
| Thu, 27 Apr 2023 | US$61.9b | US$24.0b | US$5.7b | 7.4x | 10.8x | 2.6x |
| Sat, 25 Mar 2023 | US$58.8b | US$24.0b | US$5.7b | 7.7x | 10.3x | 2.4x |
| Mon, 20 Feb 2023 | US$92.8b | US$34.9b | US$8.3b | 12.1x | 11.1x | 2.7x |
| Wed, 18 Jan 2023 | US$89.0b | US$35.7b | US$8.7b | 11.6x | 10.3x | 2.5x |
| Fri, 16 Dec 2022 | US$85.7b | US$35.8b | US$8.7b | 11.4x | 9.9x | 2.4x |
| Sun, 13 Nov 2022 | US$86.8b | US$35.8b | US$8.7b | 11.4x | 10x | 2.4x |
| Tue, 11 Oct 2022 | US$77.4b | US$40.3b | US$9.2b | 11.4x | 8.4x | 1.9x |
| Thu, 08 Sep 2022 | US$83.5b | US$40.3b | US$9.2b | 11.6x | 9.1x | 2.1x |
| Sat, 06 Aug 2022 | US$94.0b | US$41.3b | US$9.3b | 11.7x | 10.1x | 2.3x |
| Mon, 04 Jul 2022 | US$83.1b | US$44.9b | US$9.0b | 11.4x | 9.3x | 1.9x |
| Wed, 01 Jun 2022 | US$92.0b | US$44.9b | US$9.0b | 12x | 10.2x | 2x |
| Fri, 29 Apr 2022 | US$91.3b | US$49.9b | US$9.4b | 12.1x | 9.7x | 1.8x |
| Sun, 27 Mar 2022 | US$103.8b | US$50.4b | US$9.7b | 12.3x | 10.7x | 2.1x |
| Tue, 22 Feb 2022 | US$112.0b | US$53.0b | US$11.6b | 12.5x | 9.7x | 2.1x |
| Thu, 20 Jan 2022 | US$119.8b | US$55.1b | US$14.1b | 12.9x | 8.5x | 2.2x |
| Sat, 18 Dec 2021 | US$121.0b | US$55.0b | US$14.1b | 12.1x | 8.6x | 2.2x |
| Mon, 15 Nov 2021 | US$130.4b | US$55.2b | US$14.3b | 12.8x | 9.1x | 2.4x |
| Wed, 13 Oct 2021 | US$128.3b | US$59.2b | US$16.1b | 12.5x | 8x | 2.2x |
| Fri, 10 Sep 2021 | US$80.1b | US$60.7b | US$14.9b | 11.9x | 5.4x | 1.3x |
| Sun, 08 Aug 2021 | US$82.6b | US$59.0b | US$14.5b | 12.5x | 5.7x | 1.4x |
| Sat, 01 May 2021 | US$86.6b | US$61.0b | US$14.4b | 12.9x | 6x | 1.4x |
Price to Earnings Ratio
6x
Current Industry PE
- Investors are optimistic on the American Thrifts and Mortgage Finance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.4x which is higher than its 3-year average PE of 12.1x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Thrifts and Mortgage Finance industry have declined 38% per year over the last three years,
- Revenues have also declined 32% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does U.S. Thrifts and Mortgage Finance compare with similar industries?
| US Market | 1.23% | |
| Financials | 3.89% | |
| Mortgage Finance | 0% | |
| Thrifts and Mortgage Finance | 6.45% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PFSI PennyMac Financial Services | US$92.78 | 7.4% +US$369.9m | 44.9% | PE32.7x | |
| MTG MGIC Investment | US$20.30 | 4.7% +US$248.1m | 44.3% | PE7.7x | |
| COOP Mr. Cooper Group | US$79.48 | 5.0% +US$243.6m | 71.5% | PE10.3x | |
| ESNT Essent Group | US$54.15 | 3.5% +US$194.3m | 33.1% | PE8.3x | |
| RDN Radian Group | US$30.60 | 4.3% +US$192.4m | 31.4% | PE7.7x |
