| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 0/6 |
| Dividends | 4/6 |
AGM Stock Overview
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States.
Rewards
Risk Analysis
No risks detected for AGM from our risk checks.
Federal Agricultural Mortgage Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$123.17 |
| 52 Week High | US$137.01 |
| 52 Week Low | US$74.50 |
| Beta | 1.03 |
| 1 Month Change | 2.74% |
| 3 Month Change | 1.02% |
| 1 Year Change | 54.93% |
| 3 Year Change | 73.60% |
| 5 Year Change | 117.96% |
| Change since IPO | 6,938.29% |
Recent News & Updates
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Shareholder Returns
| AGM | US Mortgage | US Market | |
|---|---|---|---|
| 7D | -4.5% | -5.4% | -4.0% |
| 1Y | 54.9% | -11.8% | 6.6% |
Return vs Industry: AGM exceeded the US Mortgage industry which returned -11.8% over the past year.
Return vs Market: AGM exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| AGM volatility | |
|---|---|
| AGM Average Weekly Movement | 4.1% |
| Mortgage Industry Average Movement | 3.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: AGM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AGM's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 121 | Brad Nordholm | https://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
| AGM fundamental statistics | |
|---|---|
| Market Cap | US$1.32b |
| Earnings (TTM) | US$107.12m |
| Revenue (TTM) | US$233.56m |
12.4x
P/E Ratio1.9x
P/B RatioIs AGM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AGM income statement (TTM) | |
|---|---|
| Revenue | US$233.56m |
| Cost of Revenue | US$0 |
| Gross Profit | US$233.56m |
| Expenses | US$126.44m |
| Earnings | US$107.12m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.95 |
| Gross Margin | 100.00% |
| Net Profit Margin | 45.86% |
| Debt/Equity Ratio | 1,952.9% |
How did AGM perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield35%
Payout RatioValuation
Is Federal Agricultural Mortgage undervalued compared to its fair value and its price relative to the market?
12.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AGM ($123.17) is trading above our estimate of fair value ($69.72)
Significantly Below Fair Value: AGM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AGM is good value based on its PE Ratio (12.4x) compared to the US Mortgage industry average (12.6x).
PE vs Market: AGM is good value based on its PE Ratio (12.4x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: AGM is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: AGM 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's forecast earnings growth (9.7% per year) is above the savings rate (2%).
Earnings vs Market: AGM's earnings (9.7% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: AGM's earnings are forecast to grow, but not significantly.
Revenue vs Market: AGM's revenue (8.8% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: AGM'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'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 has high quality earnings.
Growing Profit Margin: AGM's current net profit margins (45.9%) are lower than last year (46.5%).
Past Earnings Growth Analysis
Earnings Trend: AGM's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: AGM's earnings growth over the past year (20.6%) exceeds its 5-year average (8.4% per year).
Earnings vs Industry: AGM earnings growth over the past year (20.6%) underperformed the Mortgage industry 32.1%.
Return on Equity
High ROE: AGM'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's Assets to Equity ratio (20.7x) is very high.
Allowance for Bad Loans: Insufficient data to determine if AGM has a sufficient allowance for bad loans.
Low Risk Liabilities: AGM 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 has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: AGM reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if AGM has an appropriate level of bad loans.
Dividend
What is Federal Agricultural Mortgage current dividend yield, its reliability and sustainability?
2.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AGM's dividend (2.86%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: AGM's dividend (2.86%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: AGM's dividends per share have been stable in the past 10 years.
Growing Dividend: AGM'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'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 ($USD3.73M).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AGM's management team is considered experienced (3.4 years average tenure).
Board Members
Experienced Board: AGM'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.
Recent Insider Transactions
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
- Exchange: NYSE
- Founded: 1987
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$1.321b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:38 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.