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AGM.

Federal Agricultural MortgageNYSE:AGM.A Stock Report

Last Price

US$118.35

Market Cap

US$1.4b

7D

-2.2%

1Y

60.1%

Updated

16 Jan, 2022

Data

Company Financials +
AGM.A fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health0/6
Dividends4/6

AGM.A Stock Overview

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States.

Federal Agricultural Mortgage Competitors

New York Community Bancorp

NYSE:NYCB

US$6.2b

TFS Financial

NasdaqGS:TFSL

US$5.1b

Federal National Mortgage Association

OTCPK:FNMA

US$5.0b

Federal Home Loan Mortgage

OTCPK:FMCC

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for Federal Agricultural Mortgage
Historical stock prices
Current Share PriceUS$118.35
52 Week HighUS$124.37
52 Week LowUS$63.92
Beta1.03
1 Month Change3.22%
3 Month Change10.49%
1 Year Change60.07%
3 Year Change73.85%
5 Year Change79.43%
Change since IPO2,267.00%

Recent News & Updates

Shareholder Returns

AGM.AUS MortgageUS Market
7D-2.2%-0.8%-0.5%
1Y60.1%-7.9%13.7%

Return vs Industry: AGM.A exceeded the US Mortgage industry which returned -7.9% over the past year.

Return vs Market: AGM.A exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is AGM.A's price volatile compared to industry and market?
AGM.A volatility
AGM.A Average Weekly Movementn/a
Mortgage Industry Average Movement3.6%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: Insufficient data to determine AGM.A's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AGM.A's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987121Brad Nordholmhttps://www.farmermac.com

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 (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.

Federal Agricultural Mortgage Fundamentals Summary

How do Federal Agricultural Mortgage's earnings and revenue compare to its market cap?
AGM.A fundamental statistics
Market CapUS$1.38b
Earnings (TTM)US$107.12m
Revenue (TTM)US$233.56m

13.0x

P/E Ratio

1.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGM.A income statement (TTM)
RevenueUS$233.56m
Cost of RevenueUS$0
Gross ProfitUS$233.56m
ExpensesUS$126.44m
EarningsUS$107.12m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)9.95
Gross Margin100.00%
Net Profit Margin45.86%
Debt/Equity Ratio1,952.9%

How did AGM.A perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Federal Agricultural Mortgage undervalued compared to its fair value and its price relative to the market?

12.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AGM.A ($118.35) is trading above our estimate of fair value ($63.99)

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


Price To Earnings Ratio

PE vs Industry: AGM.A's PE Ratio (13x) is in line with the US Mortgage industry average.

PE vs Market: AGM.A is good value based on its PE Ratio (13x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: AGM.A is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: AGM.A is overvalued based on its PB Ratio (1.9x) compared to the US Mortgage industry average (1x).


Future Growth

How is Federal Agricultural Mortgage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGM.A's forecast earnings growth (9.7% per year) is above the savings rate (2%).

Earnings vs Market: AGM.A's earnings (9.7% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: AGM.A's earnings are forecast to grow, but not significantly.

Revenue vs Market: AGM.A's revenue (8.8% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: AGM.A's revenue (8.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AGM.A's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Federal Agricultural Mortgage performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGM.A has high quality earnings.

Growing Profit Margin: AGM.A's current net profit margins (45.9%) are lower than last year (46.5%).


Past Earnings Growth Analysis

Earnings Trend: AGM.A's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: AGM.A's earnings growth over the past year (20.6%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: AGM.A earnings growth over the past year (20.6%) underperformed the Mortgage industry 32%.


Return on Equity

High ROE: AGM.A's Return on Equity (10.9%) is considered low.


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


Financial Institutions Analysis

Asset Level: AGM.A's Assets to Equity ratio (20.7x) is very high.

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

Low Risk Liabilities: AGM.A reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if AGM.A has an appropriate level of Loans to Assets ratio.

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

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


Dividend

What is Federal Agricultural Mortgage current dividend yield, its reliability and sustainability?

2.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGM.A's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: AGM.A's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: AGM.A's dividends per share have been stable in the past 10 years.

Growing Dividend: AGM.A's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.5%), AGM.A's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Brad Nordholm (64 yo)

3.25yrs

Tenure

US$2,680,795

Compensation

Mr. Bradford Todd Nordholm, also known as Brad, has been President and Chief Executive Officer of Federal Agricultural Mortgage Corporation since October 15, 2018 and joined company in October 2018. He ser...


CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD2.68M) is about average for companies of similar size in the US market ($USD3.62M).

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


Leadership Team

Experienced Management: AGM.A's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: AGM.A's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Federal Agricultural Mortgage Corporation's 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
  • Implied Market Cap: US$1.377b
  • Shares outstanding: 10.77m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:01
End of Day Share Price2022/01/13 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.