| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
FMCC Stock Overview
Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States.
Federal Home Loan Mortgage Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.50 |
| 52 Week High | US$1.52 |
| 52 Week Low | US$0.48 |
| Beta | 2 |
| 1 Month Change | -34.21% |
| 3 Month Change | -38.16% |
| 1 Year Change | -59.68% |
| 3 Year Change | -80.77% |
| 5 Year Change | -77.58% |
| Change since IPO | -91.27% |
Recent News & Updates
Shareholder Returns
| FMCC | US Mortgage | US Market | |
|---|---|---|---|
| 7D | -8.3% | 7.6% | 6.6% |
| 1Y | -59.7% | -37.6% | -18.4% |
Return vs Industry: FMCC underperformed the US Mortgage industry which returned -37.6% over the past year.
Return vs Market: FMCC underperformed the US Market which returned -18.4% over the past year.
Price Volatility
| FMCC volatility | |
|---|---|
| FMCC Average Weekly Movement | 6.9% |
| Mortgage Industry Average Movement | 3.7% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: FMCC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FMCC's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1970 | 7,301 | Michael DeVito | https://www.freddiemac.com |
Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. The company purchases single-family and multifamily residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates through two segments, Single-family and Multifamily.
Federal Home Loan Mortgage Fundamentals Summary
| FMCC fundamental statistics | |
|---|---|
| Market Cap | US$1.61b |
| Earnings (TTM) | US$220.00m |
| Revenue (TTM) | US$24.21b |
7.3x
P/E Ratio0.0x
P/B RatioIs FMCC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FMCC income statement (TTM) | |
|---|---|
| Revenue | US$24.21b |
| Cost of Revenue | US$0 |
| Gross Profit | US$24.21b |
| Other Expenses | US$23.99b |
| Earnings | US$220.00m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.068 |
| Gross Margin | 100.00% |
| Net Profit Margin | 0.91% |
| Debt/Equity Ratio | 9,648.9% |
How did FMCC perform over the long term?
See historical performance and comparisonValuation
Is FMCC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FMCC?
Other financial metrics that can be useful for relative valuation.
| What is FMCC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.61b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 0.09x |
Price to Earnings Ratio vs Peers
How does FMCC's PE Ratio compare to its peers?
| FMCC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 5.8x | ||
FBC Flagstar Bancorp | 4.3x | -21.0% | US$1.9b |
PFS Provident Financial Services | 10.2x | 4.2% | US$1.7b |
NMIH NMI Holdings | 5.9x | 16.3% | US$1.5b |
PFSI PennyMac Financial Services | 3x | -13.7% | US$2.4b |
FMCC Federal Home Loan Mortgage | 7.3x | 77.7% | US$1.6b |
Price-To-Earnings vs Peers: FMCC is expensive based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (5.8x).
Price to Earnings Ratio vs Industry
How does FMCC's PE Ratio compare vs other companies in the US Mortgage Industry?
Price-To-Earnings vs Industry: FMCC is good value based on its Price-To-Earnings Ratio (7.3x) compared to the US Mortgage industry average (11.3x)
Price to Earnings Ratio vs Fair Ratio
What is FMCC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7.3x |
| Fair PE Ratio | 42x |
Price-To-Earnings vs Fair Ratio: FMCC is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (42x).
Share Price vs Fair Value
What is the Fair Price of FMCC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FMCC ($0.5) is trading below our estimate of fair value ($31.61)
Significantly Below Fair Value: FMCC is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: FMCC is good value based on its PEG Ratio (0.1x)
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Future Growth
How is Federal Home Loan Mortgage forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
77.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FMCC's forecast earnings growth (77.7% per year) is above the savings rate (1.9%).
Earnings vs Market: FMCC's earnings (77.7% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: FMCC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FMCC's revenue is expected to decline over the next 3 years (-25% per year).
High Growth Revenue: FMCC's revenue is forecast to decline over the next 3 years (-25% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FMCC's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Federal Home Loan Mortgage performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
12.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMCC has high quality earnings.
Growing Profit Margin: FMCC's current net profit margins (0.9%) are lower than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: FMCC has become profitable over the past 5 years, growing earnings by 12.6% per year.
Accelerating Growth: FMCC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FMCC had negative earnings growth (-65.2%) over the past year, making it difficult to compare to the Mortgage industry average (6.7%).
Return on Equity
High ROE: Whilst FMCC's Return on Equity (41.44%) is outstanding, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Federal Home Loan Mortgage's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
0/6Financial Health Score 0/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FMCC's Assets to Equity ratio (98x) is very high.
Allowance for Bad Loans: Insufficient data to determine if FMCC has a sufficient allowance for bad loans.
Low Risk Liabilities: FMCC reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if FMCC has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: FMCC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if FMCC has an appropriate level of bad loans.
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Dividend
What is Federal Home Loan Mortgage current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FMCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FMCC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FMCC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FMCC's dividend payments have been increasing.
Current Payout to Shareholders
Earnings 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 FMCC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Michael DeVito (55 yo)
1
Tenure
US$443,032
Compensation
Mr. Michael J. DeVito has been Chief Executive Officer and Director at Federal Home Loan Mortgage Corporation since June 1, 2021. He is a leader in the mortgage and financial services industry. Mr. DeVito...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD443.03K) is below average for companies of similar size in the US market ($USD5.47M).
Compensation vs Earnings: Insufficient data to compare Michael's compensation with company performance.
Leadership Team
Experienced Management: FMCC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: FMCC's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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 Home Loan Mortgage Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Federal Home Loan Mortgage Corporation
- Ticker: FMCC
- Exchange: OTCPK
- Founded: 1970
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$1.611b
- Shares outstanding: 3.22b
- Website: https://www.freddiemac.com
Number of Employees
Location
- Federal Home Loan Mortgage Corporation
- 8200 Jones Branch Drive
- McLean
- Virginia
- 22102-3110
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.