Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. More Details
No risks detected for AGM from our risk checks.
6 star dividend payer and good value.
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
Stable Share Price: AGM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AGM's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: AGM underperformed the US Mortgage industry which returned 7.1% over the past year.
Return vs Market: AGM underperformed the US Market which returned 21% over the past year.
Long-Term 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
3 weeks ago | Simply Wall StRead This Before Selling Federal Agricultural Mortgage Corporation (NYSE:AGM) Shares
1 month ago | Simply Wall StDoes Federal Agricultural Mortgage Corporation (NYSE:AGM) Have A Place In Your Dividend Portfolio?
2 months ago | Simply Wall StAre Institutions Heavily Invested In Federal Agricultural Mortgage Corporation's (NYSE:AGM) Shares?
Is Federal Agricultural Mortgage undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AGM ($80.43) is trading below our estimate of fair value ($93.13)
Significantly Below Fair Value: AGM is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AGM is good value based on its PE Ratio (9.7x) compared to the US Mortgage industry average (13.2x).
PE vs Market: AGM is good value based on its PE Ratio (9.7x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: AGM is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: AGM is overvalued based on its PB Ratio (1.5x) compared to the US Mortgage industry average (0.9x).
How is Federal Agricultural Mortgage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGM's forecast earnings growth (10.5% per year) is above the savings rate (2%).
Earnings vs Market: AGM's earnings (10.5% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: AGM's earnings are forecast to grow, but not significantly.
Revenue vs Market: AGM's revenue (8.2% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: AGM's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AGM's Return on Equity is forecast to be low in 3 years time (14.4%).
How has Federal Agricultural Mortgage performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGM has high quality earnings.
Growing Profit Margin: AGM's current net profit margins (46.7%) are lower than last year (47.5%).
Past Earnings Growth Analysis
Earnings Trend: AGM's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: AGM's earnings growth over the past year (5.4%) is below its 5-year average (13.1% per year).
Earnings vs Industry: AGM earnings growth over the past year (5.4%) exceeded the Mortgage industry 2.7%.
Return on Equity
High ROE: AGM's Return on Equity (11.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: AGM's Assets to Equity ratio (25.8x) 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.
What is Federal Agricultural Mortgage current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AGM's dividend (3.98%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: AGM's dividend (3.98%) is in the top 25% of dividend payers in the US market (3.84%)
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 (37.4%), AGM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AGM's dividends in 3 years are forecast to be well covered by earnings (35.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Nordholm (63 yo)
Mr. Bradford T. 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 serve...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD2.70M) is about average for companies of similar size in the US market ($USD2.38M).
Compensation vs Earnings: Brad's compensation has increased by more than 20% in the past year.
|President & CEO||2.25yrs||US$2.70m||0.062% |
|VP, Controller & Principal Accounting Officer||7.25yrs||US$514.60k||0.014% |
|Executive VP||8.58yrs||US$1.02m||0.14% |
|Executive VP & Chief Business Officer||1.67yrs||US$802.35k||0.0032% |
|Executive VP||1yr||no data||0.019% |
|Vice President of Operations & Technology||2.75yrs||no data||no data|
|Director of Investor Relations & Finance Strategy||no data||no data||no data|
|Director of Marketing & Communications||2.83yrs||no data||no data|
|Vice President of Human Capital||2.58yrs||no data||no data|
|Senior Vice President of Rural Infrastructure||2.75yrs||US$475.71k||0.071% |
|Chief Economist||2yrs||no data||no data|
|VP & Controller||7.25yrs||no data||0.026% |
Experienced Management: AGM's management team is considered experienced (2.8 years average tenure).
|Independent Director||23.58yrs||US$122.02k||0.099% |
|Independent Vice Chairman||1yr||US$162.02k||0.066% |
|Independent Director||1.67yrs||US$80.64k||0.0050% |
|Independent Director||19.58yrs||US$122.02k||0.067% |
|Independent Director||10.33yrs||US$122.02k||0.042% |
|Independent Director||1.67yrs||US$80.64k||0.022% |
|Independent Director||2.67yrs||US$121.32k||0.055% |
|Independent Director||1.08yrs||US$16.86k||0.0016% |
|Independent Director||12.58yrs||US$122.02k||0.051% |
|Independent Director||10.58yrs||US$132.02k||0.10% |
|Independent Director||10.33yrs||US$142.02k||0.12% |
|Independent Chairman||1yr||US$15.58k||0.0015% |
Experienced Board: AGM's board of directors are considered experienced (6.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Federal Agricultural Mortgage Corporation's company bio, employee growth, exchange listings and data sources
- Name: Federal Agricultural Mortgage Corporation
- Ticker: AGM
- Exchange: NYSE
- Founded: 1987
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$856.802m
- Shares outstanding: 10.74m
- Website: https://www.farmermac.com
Number of Employees
- Federal Agricultural Mortgage Corporation
- 1999 K Street, NW
- 4th Floor
- District Of Columbia
- United States
|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.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|
|AGM.PRE||NYSE (New York Stock Exchange)||5.750 NCUM PFD E||US||USD||May 2020|
|AGM.PRF||NYSE (New York Stock Exchange)||5.25 NCUM PFD F||US||USD||Aug 2020|
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||2021/01/16 00:41|
|End of Day Share Price||2021/01/15 00:00|
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.