NasdaqGM:SNFC.A

Stock Analysis Report

Security National Financial

Executive Summary

Security National Financial Corporation engages in life insurance, cemetery and mortuary, and mortgage businesses.


Snowflake Analysis

Fair value with poor track record.

Share Price & News

How has Security National Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SNFC.A has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

SNFC.A

-1.9%

US Mortgage

0.06%

US Market


1 Year Return

13.9%

SNFC.A

5.7%

US Mortgage

19.4%

US Market

Return vs Industry: SNFC.A exceeded the US Mortgage industry which returned 5.7% over the past year.

Return vs Market: SNFC.A underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

SNFC.AIndustryMarket
7 Day0.5%-1.9%0.06%
30 Day-3.0%-1.8%1.1%
90 Day13.6%-1.8%8.9%
1 Year13.9%13.9%8.2%5.7%21.9%19.4%
3 Year-5.8%-5.8%19.0%10.6%48.9%39.3%
5 Year21.4%21.4%60.2%42.4%71.9%53.1%

Price Volatility Vs. Market

How volatile is Security National Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Security National Financial undervalued compared to its fair value and its price relative to the market?

11.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SNFC.A ($5.65) is trading above our estimate of fair value ($5.12)

Significantly Below Fair Value: SNFC.A is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SNFC.A is good value based on its PE Ratio (12x) compared to the Mortgage industry average (13.7x).

PE vs Market: SNFC.A is good value based on its PE Ratio (12x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SNFC.A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SNFC.A is good value based on its PB Ratio (0.6x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

6.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Security National Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNFC.A has a high level of non-cash earnings.

Growing Profit Margin: SNFC.A's current net profit margins (3.2%) are lower than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: SNFC.A's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: SNFC.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SNFC.A had negative earnings growth (-72.3%) over the past year, making it difficult to compare to the Mortgage industry average (11.1%).


Return on Equity

High ROE: SNFC.A's Return on Equity (4.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: SNFC.A has a low level of unsold assets or inventory.

Debt Coverage by Assets: SNFC.A's debt is covered by short term assets (assets are 1.6x debt).


Financial Institutions Analysis

Asset Level: SNFC.A's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if SNFC.A has a sufficient allowance for bad loans.

Low Risk Liabilities: SNFC.A reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if SNFC.A has an acceptable proportion of non-loan assets held.

Low Risk Deposits: SNFC.A has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if SNFC.A has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SNFC.A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SNFC.A's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SNFC.A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SNFC.A's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SNFC.A's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Scott Quist (66yo)

7.4yrs

Tenure

US$660,895

Compensation

Mr. Scott Milton Quist has been Chairman and Chief Executive Officer of Security National Financial Corporation (the Company) since September 14, 2012 and has been its President since July 2002. He has als ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD660.90K) is about average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Scott Quist
Chairman7.4yrsUS$660.90k9.78% $10.0m
Garrett Sill
CFO & Treasurer6.6yrsUS$266.73k0.34% $352.3k
Jeffrey Stephens
Senior General Counsel & Corporate Secretary13.3yrsUS$228.21k0.49% $502.2k
Scott Quist
VP, General Counsel & Director6.6yrsUS$289.47k0.45% $455.3k
Thayne Atkinson
VP & Chief Information Officer0yrsno datano data
Christie Overbaugh
Senior Vice President of Life Insurance Internal Operations17.7yrsUS$139.20k1.76% $1.8m
Jason Overbaugh
VP, National Marketing Director of Life Insurance & Director6.6yrsno data1.05% $1.1m
Matthew Bagley
General Counsel0yrsno datano data
Adam Quist
VP of Memorial Services4.6yrsno data0.068% $69.6k
John VanValkenburg
Vice President of Actuarial Services0yrsno datano data

8.8yrs

Average Tenure

48yo

Average Age

Experienced Management: SNFC.A's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Quist
Chairman7.4yrsUS$660.90k9.78% $10.0m
Scott Quist
VP, General Counsel & Director6.6yrsUS$289.47k0.45% $455.3k
Jason Overbaugh
VP, National Marketing Director of Life Insurance & Director6.6yrsno data1.05% $1.1m
Gilbert Fuller
Independent Director7.2yrsUS$31.55k0.0039% $4.0k
Howard Moody
Lead Director0yrsUS$31.55k0.27% $271.4k
Norman Wilbur
Independent Director21.3yrsUS$31.55k0.0038% $3.9k
Robert Hunter
Independent Director21.3yrsUS$29.30k0.069% $70.0k
John Cook
Independent Director6.2yrsUS$31.55kno data

7.2yrs

Average Tenure

65yo

Average Age

Experienced Board: SNFC.A's board of directors are considered experienced (7.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SNFC.A insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Security National Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Security National Financial Corporation
  • Ticker: SNFC.A
  • Exchange: NasdaqGM
  • Founded: 1965
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$102.176m
  • Shares outstanding: 18.08m
  • Website: https://www.securitynational.com

Number of Employees


Location

  • Security National Financial Corporation
  • 5300 South 360 West
  • Suite 250
  • Salt Lake City
  • Utah
  • 84123
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNFC.ANasdaqGM (Nasdaq Global Market)YesClass A Common StockUSUSDAug 1987
XSNADB (Deutsche Boerse AG)YesClass A Common StockDEEURAug 1987

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:12
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.