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Security National Financial

DB:XSNA
Snowflake Description

Fair value with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XSNA
DB
$85M
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The last earnings update was 34 days ago. More info.


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XSNA Share Price and Events
7 Day Returns
-2%
DB:XSNA
-3.4%
Europe Mortgage
0.2%
DE Market
1 Year Returns
-3.9%
DB:XSNA
-13%
Europe Mortgage
-10.9%
DE Market
XSNA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Security National Financial (XSNA) -2% -9% -4.6% -3.9% 19.3% 76.5%
Europe Mortgage -3.4% -7.8% -4.8% -13% 14.4% 10.2%
DE Market 0.2% -2.5% -2% -10.9% 8.9% 6.3%
1 Year Return vs Industry and Market
  • XSNA outperformed the Mortgage industry which returned -13% over the past year.
  • XSNA outperformed the Market in Germany which returned -10.9% over the past year.
Price Volatility
XSNA
Industry
5yr Volatility vs Market

Value

 Is Security National Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Security National Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Security National Financial.

DB:XSNA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.28 * 10.1%
$0.84
Book Value of Equity per Share Median Book Value from the past 5 years. $8.28
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:XSNA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.899 (1 + (1- 21%) (220.02%))
1.979
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.979 * 5.96%)
12.02%

Discounted Cash Flow Calculation for DB:XSNA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Security National Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:XSNA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.1% – 12.02%) * $8.28)
$-0.16
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.16 / (12.02% - 0.23%)
$-1.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.28 + $-1.33
$6.95
DB:XSNA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XSNA represents 0.84821x of NasdaqGM:SNFC.A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.84821x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.95 x 0.84821
€5.90
Value per share (EUR) From above. €5.90
Current discount Discount to share price of €4.28
= -1 x (€4.28 - €5.90) / €5.90
27.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Security National Financial is available for.
Intrinsic value
27%
Share price is €4.28 vs Future cash flow value of €5.9
Current Discount Checks
For Security National Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Security National Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Security National Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Security National Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Security National Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XSNA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.39
NasdaqGM:SNFC.A Share Price ** NasdaqGM (2019-06-18) in USD $5.04
Europe Mortgage Industry PE Ratio Median Figure of 16 Publicly-Listed Mortgage Companies 9.01x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Security National Financial.

DB:XSNA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:SNFC.A Share Price ÷ EPS (both in USD)

= 5.04 ÷ 0.39

12.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Security National Financial is overvalued based on earnings compared to the Europe Mortgage industry average.
  • Security National Financial is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Security National Financial's expected growth come at a high price?
Raw Data
DB:XSNA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.9%per year
Europe Mortgage Industry PEG Ratio Median Figure of 6 Publicly-Listed Mortgage Companies 0.83x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Security National Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Security National Financial's assets?
Raw Data
DB:XSNA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.09
NasdaqGM:SNFC.A Share Price * NasdaqGM (2019-06-18) in USD $5.04
Europe Mortgage Industry PB Ratio Median Figure of 18 Publicly-Listed Mortgage Companies 0.67x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:XSNA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:SNFC.A Share Price ÷ Book Value per Share (both in USD)

= 5.04 ÷ 10.09

0.5x

* Primary Listing of Security National Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Security National Financial is good value based on assets compared to the Europe Mortgage industry average.
X
Value checks
We assess Security National Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Security National Financial has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Security National Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Security National Financial, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Security National Financial expected to grow at an attractive rate?
  • Security National Financial's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Security National Financial's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Security National Financial's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:XSNA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XSNA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.9%
Europe Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 9.2%
Europe Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:XSNA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XSNA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 259 18 7
2018-12-31 280 7 22
2018-09-30 279 28 31
2018-06-30 284 -4 30
2018-03-31 288 23 29
2017-12-31 277 44 14
2017-09-30 288 24 6
2017-06-30 299 67 9
2017-03-31 306 39 12
2016-12-31 304 36 12
2016-09-30 297 -7 14
2016-06-30 290 -21 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Security National Financial's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Security National Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:XSNA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Security National Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XSNA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.39
2018-12-31 1.27
2018-09-30 1.81
2018-06-30 1.77
2018-03-31 1.73
2017-12-31 0.84
2017-09-30 0.35
2017-06-30 0.54
2017-03-31 0.70
2016-12-31 0.75
2016-09-30 0.89
2016-06-30 0.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Security National Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Security National Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Security National Financial has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Security National Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Security National Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Security National Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • Security National Financial's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Security National Financial's 1-year earnings growth is negative, it can't be compared to the Europe Mortgage industry average.
Earnings and Revenue History
Security National Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Security National Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XSNA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 259.04 6.69 109.84
2018-12-31 279.62 21.69 110.59
2018-09-30 279.12 30.85 108.71
2018-06-30 283.73 29.93 108.64
2018-03-31 288.17 29.18 111.12
2017-12-31 276.93 14.11 114.23
2017-09-30 287.82 5.89 115.18
2017-06-30 298.93 8.98 117.18
2017-03-31 305.71 11.51 115.96
2016-12-31 304.33 12.19 113.31
2016-09-30 297.26 14.48 111.38
2016-06-30 289.81 15.19 107.28
2016-03-31 285.76 14.03 104.52
2015-12-31 280.35 13.35 101.40
2015-09-30 276.33 13.46 97.44
2015-06-30 262.56 10.71 93.37
2015-03-31 245.93 9.48 88.37
2014-12-31 225.05 8.22 82.88
2014-09-30 214.77 6.39 78.29
2014-06-30 203.60 5.52 74.62
2014-03-31 205.52 5.69 72.59
2013-12-31 215.32 7.59 71.42
2013-09-30 233.40 13.57 71.41
2013-06-30 246.59 16.29 68.96
2013-03-31 241.79 17.08 64.82
2012-12-31 234.26 16.71 60.04
2012-09-30 215.20 10.09 56.30
2012-06-30 192.78 6.87 52.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Security National Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Security National Financial used its assets more efficiently than the Europe Mortgage industry average last year based on Return on Assets.
  • Security National Financial's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Security National Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Security National Financial has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Security National Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Security National Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Security National Financial Company Filings, last reported 2 months ago.

DB:XSNA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 174.05 185.97 130.13
2018-12-31 171.81 187.90 142.20
2018-09-30 172.03 196.48 138.68
2018-06-30 169.59 209.27 120.22
2018-03-31 165.91 151.80 103.93
2017-12-31 148.57 157.49 45.32
2017-09-30 139.34 182.78 56.42
2017-06-30 137.62 163.60 105.71
2017-03-31 134.68 154.16 113.42
2016-12-31 132.56 152.24 66.55
2016-09-30 125.59 44.26 83.35
2016-06-30 120.14 43.72 62.94
2016-03-31 114.59 41.68 69.61
2015-12-31 117.72 131.11 56.97
2015-09-30 109.31 40.05 96.63
2015-06-30 105.46 33.40 75.28
2015-03-31 100.57 30.02 66.37
2014-12-31 97.09 29.20 60.03
2014-09-30 93.84 22.31 59.76
2014-06-30 92.01 17.52 54.59
2014-03-31 88.50 17.76 63.62
2013-12-31 87.75 18.31 51.85
2013-09-30 86.12 17.18 56.71
2013-06-30 85.52 11.81 71.76
2013-03-31 81.82 12.02 81.92
2012-12-31 79.81 12.08 77.55
2012-09-30 70.75 24.72 68.74
2012-06-30 68.68 28.46 56.26
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Security National Financial has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Security National Financial's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Security National Financial reports no customer deposits, loans are made up entirely of borrowed funds.
  • Security National Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if Security National Financial has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Security National Financial has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Security National Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Security National Financial has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Security National Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Security National Financial dividends.
If you bought €2,000 of Security National Financial shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Security National Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Security National Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:XSNA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Security National Financial has not reported any payouts.
  • Unable to verify if Security National Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Security National Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Security National Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Security National Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Security National Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Security National Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Security National Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott Quist
COMPENSATION $660,895
AGE 65
TENURE AS CEO 6.8 years
CEO Bio

Mr. Scott Milton Quist has been Chairman and Chief Executive Officer of Security National Financial Corporation since September 14, 2012 and has been its President since July 2002. Mr. Quist served as President of Southern Security Life Insurance Company, Inc. since July 2002, Chief Operating Officer since October 2001 and General Counsel since December 1998. He served as General Counsel of Security National Financial Corporation. since May 1986. Mr. Quist served as First Vice President of Security National Financial Corporation from May 1986 to July 2002 and First Vice President of Southern Security Life Insurance Company from December 1998 to July 2002. From 1980 to 1982, Mr. Quist was a tax specialist with Peat, Marwick, Mitchell, & Co., in Dallas, Texas. From 1986 to 1991, he served as Treasurer and a Director of The National Association of Life Companies, a trade association of 642 insurance companies until its merger with the American Council of Life Companies. Mr. Quist is a member of the Board of Governors of the Forum 500 Section (representing small insurance companies) of the American Council of Life Insurance. Mr. Quist has also served as a Regional Director of Key Bank of Utah since November 1993. Mr. Quist serves as a Director of the National Alliance of Life Companies, a trade association of over 200 life companies. He has been a Director of Southern Security Life Insurance Company, Inc. since December 1998 and Security National Financial Corporation since May 1986. Mr. Quist holds a B.S. in Accounting and Law Degree both from Brigham Young University.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Scott's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Security National Financial management team in years:

8.1
Average Tenure
47
Average Age
  • The average tenure for the Security National Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Scott Quist

TITLE
Chairman
COMPENSATION
$661K
AGE
65
TENURE
6.8 yrs

Garrett Sill

TITLE
CFO & Treasurer
COMPENSATION
$267K
AGE
47
TENURE
5.9 yrs

Jeffrey Stephens

TITLE
Senior General Counsel & Corporate Secretary
COMPENSATION
$228K
AGE
64
TENURE
12.6 yrs

Scott Quist

TITLE
VP, General Counsel & Director
COMPENSATION
$289K
AGE
38
TENURE
9.4 yrs

Christie Overbaugh

TITLE
Senior Vice President of Life Insurance Internal Operations
COMPENSATION
$139K
AGE
69
TENURE
13 yrs

Thayne Atkinson

TITLE
VP & Chief Information Officer

Jason Overbaugh

TITLE
VP, National Marketing Director of Life Insurance & Director
AGE
43

Adam Quist

TITLE
VP of Memorial Services
AGE
32
TENURE
3.9 yrs

John VanValkenburg

TITLE
Vice President of Actuarial Services
Board of Directors Tenure

Average tenure and age of the Security National Financial board of directors in years:

6.5
Average Tenure
64
Average Age
  • The tenure for the Security National Financial board of directors is about average.
Board of Directors

Scott Quist

TITLE
Chairman
COMPENSATION
$661K
AGE
65
TENURE
6.8 yrs

Scott Quist

TITLE
VP, General Counsel & Director
COMPENSATION
$289K
AGE
38
TENURE
5.9 yrs

Jason Overbaugh

TITLE
VP, National Marketing Director of Life Insurance & Director
AGE
43
TENURE
5.9 yrs

Howard Moody

TITLE
Lead Director
COMPENSATION
$32K
AGE
66

Norman Wilbur

TITLE
Director
COMPENSATION
$32K
AGE
79
TENURE
20.7 yrs

Robert Hunter

TITLE
Director
COMPENSATION
$29K
AGE
58
TENURE
20.7 yrs

Gil Fuller

TITLE
Director
COMPENSATION
$32K
AGE
77
TENURE
6.5 yrs

John Cook

TITLE
Director
COMPENSATION
$32K
AGE
63
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Jan 19 Sell Norman Wilbur Individual 24. Jan 19 24. Jan 19 -350 €4.61 €-1,584
31. Oct 18 Sell Norman Wilbur Individual 24. Oct 18 24. Oct 18 -210 €4.77 €-1,002
18. Jul 18 Sell Norman Wilbur Individual 13. Jul 18 13. Jul 18 -525 €4.29 €-2,254
X
Management checks
We assess Security National Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Security National Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses. The company operates through three segments: Life Insurance, Cemetery and Mortuary, and Mortgages. The Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident policies. This segment also cedes and assumes various risks with various authorized unaffiliated reinsurers pursuant to reinsurance treaties. The Cemetery and Mortuary segment operates eight mortuaries and five cemeteries in the state of Utah; and one cemetery in the state of California. This segment also markets plots, interment vaults, mausoleum crypts, markers, caskets, flowers, and other death care related products; and provides professional services of funeral directors, opening and closing of graves, use of chapels and viewing rooms, and use of automobiles and clothing. The Mortgage segment originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Nevada, Texas, and Utah. It offers residential mortgage lending services to real estate brokers and independent mortgage loan originators. Security National Financial Corporation was founded in 1965 and is headquartered in Salt Lake City, Utah.

Details
Name: Security National Financial Corporation
XSNA
Exchange: DB
Founded: 1965
$75,241,201
17,249,323
Website: http://www.securitynational.com
Address: Security National Financial Corporation
5300 South 360 West,
Suite 250,
Salt Lake City,
Utah, 84123,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM SNFC.A Class A Common Stock Nasdaq Global Market US USD 12. Aug 1987
DB XSNA Class A Common Stock Deutsche Boerse AG DE EUR 12. Aug 1987
Number of employees
Current staff
Staff numbers
1,335
Security National Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:02
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.