Federal Agricultural Mortgage
Market Cap
US$872.9m
Last Updated
2019/08/22 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States.
Snowflake
Fundamentals
Second-rate dividend payer and slightly overvalued.
Risks
- Federal Agricultural Mortgage is covered by less than 3 analysts.
Similar Companies
Share Price & News
How has Federal Agricultural Mortgage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.2%
NYSE:AGM.A
2.1%
US Mortgage
2.1%
US Market
1 Year Return
-4.1%
NYSE:AGM.A
-0.7%
US Mortgage
-0.04%
US Market
AGM.A underperformed the Mortgage industry which returned -1.5% over the past year.
AGM.A underperformed the Market in United States of America which returned 0.2% over the past year.
Share holder returns
| AGM.A | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | 2.1% | 2.1% |
| 30 Day | 8.7% | -1.9% | -3.2% |
| 90 Day | 10.6% | 0.6% | 2.8% |
| 1 Year | -0.3%-4.1% | 1.4%-0.7% | 2.2%-0.04% |
| 3 Year | 107.7%90.9% | 32.9%24.1% | 41.5%32.3% |
| 5 Year | 210.7%171.0% | 59.3%42.6% | 55.0%37.8% |
Price Volatility Vs. Market
How volatile is Federal Agricultural Mortgage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Federal Agricultural Mortgage undervalued based on future cash flows and its price relative to the stock market?
9.18x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Federal Agricultural Mortgage's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Federal Agricultural Mortgage's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Price Based on Earnings
Federal Agricultural Mortgage is good value based on earnings compared to the US Mortgage industry average.
Federal Agricultural Mortgage is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Federal Agricultural Mortgage is poor value based on expected growth next year.
Price Based on Value of Assets
Federal Agricultural Mortgage is overvalued based on assets compared to the US Mortgage industry average.
Next Steps
Future Growth
How is Federal Agricultural Mortgage expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
3.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Federal Agricultural Mortgage's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
Federal Agricultural Mortgage's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Federal Agricultural Mortgage's revenue growth is positive but not above the United States of America market average.
Federal Agricultural Mortgage's earnings growth is positive but not above the United States of America market average.
Federal Agricultural Mortgage's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Federal Agricultural Mortgage will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Federal Agricultural Mortgage performed over the past 5 years?
19.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Federal Agricultural Mortgage's year on year earnings growth rate has been positive over the past 5 years.
Federal Agricultural Mortgage's 1-year earnings growth is less than its 5-year average (14.5% vs 19.6%)
Federal Agricultural Mortgage's earnings growth has not exceeded the US Mortgage industry average in the past year (14.5% vs 32.9%).
Return on Equity
Federal Agricultural Mortgage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Federal Agricultural Mortgage used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Federal Agricultural Mortgage improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is Federal Agricultural Mortgage'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
Information is not available.
Information is not available.
Financial Institutions Analysis
Unable to establish if Federal Agricultural Mortgage has an acceptable proportion of non-loan assets without balance sheet data.
Unable to establish if Federal Agricultural Mortgage has a sufficient allowance for bad loans without relevant financial data.
Unable to establish if Federal Agricultural Mortgage's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
Federal Agricultural Mortgage's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
Federal Agricultural Mortgage reports no customer deposits, loans are made up entirely of borrowed funds.
Unable to establish if Federal Agricultural Mortgage has an acceptable level of bad loans without bad loans data.
Next Steps
Dividend
What is Federal Agricultural Mortgage's current dividend yield, its reliability and sustainability?
3.55%
Expected Dividend Yield
Upcoming Dividend Payment
Purchase Federal Agricultural Mortgage before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield and Payments Analysis
Federal Agricultural Mortgage's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
Federal Agricultural Mortgage's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have increased over the past 10 years.
Current Payout to Shareholders
Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Federal Agricultural Mortgage's salary, the management and board of directors tenure and is there insider trading?
1.3yrs
Average management tenure
CEO
Bradford Nordholm (63yo)
0.8yrs
Tenure
US$560,836
Compensation
Mr. Bradford T. Nordholm has been President and Chief Executive Officer of Federal Agricultural Mortgage Corporation since October 15, 2018. Prior to being appointed as an executive officer of Farmer Mac, ...
CEO Compensation Analysis
Bradford's remuneration is lower than average for companies of similar size in United States of America.
Insufficient data for Bradford to compare compensation growth.
Management Age and Tenure
1.3yrs
Average Tenure
55yo
Average Age
The average tenure for the Federal Agricultural Mortgage management team is less than 2 years, this suggests a new team.
Board Age and Tenure
10.0yrs
Average Tenure
64.5yo
Average Age
The average tenure for the Federal Agricultural Mortgage board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Steve Mullery (52yo)
Executive VP
- Tenure: 7.2yrs
- Compensation: US$868.64k
Curt Covington (63yo)
Executive VP & Chief Credit Officer
- Tenure: 1.6yrs
- Compensation: US$890.24k
Brian Brinch (42yo)
Senior Vice President of Rural Infrastructure
- Tenure: 1.3yrs
- Compensation: US$475.71k
Bradford Nordholm (63yo)
President & CEO
- Tenure: 0.8yrs
- Compensation: US$560.84k
Jalpa Nazareth
Director of Investor Relations
- Tenure: 0.0yrs
Mario Morais
Vice President of Operations & Technology
- Tenure: 1.3yrs
Megan Murray-Pelaez
Director of Marketing & Communications
- Tenure: 1.4yrs
Grace Wu Plaza
Director of Compliance & Corporate Integrity
- Tenure: 1.3yrs
Kerry Willie
Vice President of Human Capital
- Tenure: 1.2yrs
Gregory Ramsey (55yo)
VP, Controller
- Tenure: 0.1yrs
Board Members
Mitchell Johnson (77yo)
Director
- Tenure: 22.2yrs
- Compensation: US$118.46k
Lowell Junkins (75yo)
Chairman
- Tenure: 10.9yrs
- Compensation: US$2.22m
Dennis Brack (66yo)
Director
- Tenure: 18.2yrs
- Compensation: US$124.28k
Sara Faivre-Davis (54yo)
Director
- Tenure: 8.9yrs
- Compensation: US$118.46k
Clark Maxwell (47yo)
Director
- Tenure: 11.2yrs
- Compensation: US$118.46k
James Engebretsen (63yo)
Director
- Tenure: 11.2yrs
- Compensation: US$118.46k
Dick Davidson (74yo)
Director
- Tenure: 9.2yrs
- Compensation: US$128.46k
Myles Watts (68yo)
Vice Chairman of the Board
- Tenure: 7.3yrs
- Compensation: US$138.46k
Chester Culver (53yo)
Director
- Tenure: 7.3yrs
- Compensation: US$118.46k
Bruce Sherrick (56yo)
Director
- Tenure: 7.3yrs
- Compensation: US$130.46k
Company Information
Federal Agricultural Mortgage Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Federal Agricultural Mortgage Corporation
- Ticker: AGM.A
- Exchange: NYSE
- Founded: 1987
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$872.887m
- Shares outstanding: 10.70m
- Website: https://www.farmermac.com
Number of Employees
Location
- Federal Agricultural Mortgage Corporation
- 1999 K Street, NW
- 4th Floor
- Washington
- District Of Columbia
- 20006
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGM.A | NYSE (New York Stock Exchange) | Class A Common Stock | US | USD | Dec 1993 | |
| AGM | NYSE (New York Stock Exchange) | Yes | Class C Common Stock | US | USD | Jan 1994 |
| A35 | DB (Deutsche Boerse AG) | Yes | Class C Common Stock | DE | EUR | Jan 1994 |
| AGM.PRA | NYSE (New York Stock Exchange) | PFD A 5.875%NON | US | USD | Jan 2013 | |
| AGM.PRC | NYSE (New York Stock Exchange) | PFD C FIX TO FLT | US | USD | Jun 2014 | |
| AGM.PRD | NYSE (New York Stock Exchange) | 5.7% NCUM PFD D | US | USD | May 2019 |
Biography
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utili ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/22 23:36 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.