OTCPK:FNMA.H

Stock Analysis Report

Federal National Mortgage Association

Executive Summary

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States.

Snowflake

Fundamentals

Weak fundamentals or lack of information.

Risks

  • Federal National Mortgage Association has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Federal National Mortgage Association's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.6%

OTCPK:FNMA.H

2.4%

US Mortgage

2.9%

US Market


1 Year Return

93.6%

OTCPK:FNMA.H

-1.5%

US Mortgage

0.2%

US Market

FNMA.H outperformed the Mortgage industry which returned -2% over the past year.

FNMA.H outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FNMA.HIndustryMarket
7 Day6.6%2.4%2.9%
30 Day-3.0%-1.5%-2.3%
90 Day-19.2%0.6%3.1%
1 Year93.6%93.6%0.6%-1.5%2.4%0.2%
3 Year198.5%198.5%32.6%23.8%41.7%32.4%
5 Year9.5%9.5%58.2%41.6%55.1%37.9%

Price Volatility Vs. Market

How volatile is Federal National Mortgage Association's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Federal National Mortgage Association undervalued based on future cash flows and its price relative to the stock market?

107.54x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Federal National Mortgage Association to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Federal National Mortgage Association to establish if it is available at substantial discount.


Price Based on Earnings

Federal National Mortgage Association is overvalued based on earnings compared to the US Mortgage industry average.

Federal National Mortgage Association is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Federal National Mortgage Association earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Federal National Mortgage Association has negative assets, we can't compare the value of its assets to the US Mortgage industry average.


Next Steps

Future Growth

How is Federal National Mortgage Association expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

-97.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Federal National Mortgage Association's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Federal National Mortgage Association's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Federal National Mortgage Association will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Federal National Mortgage Association performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Federal National Mortgage Association's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Federal National Mortgage Association has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Federal National Mortgage Association has become profitable in the last year making it difficult to compare the US Mortgage industry average.


Return on Equity

Whilst Federal National Mortgage Association made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

Federal National Mortgage Association 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 National Mortgage Association 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 National Mortgage Association'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 National Mortgage Association has an acceptable proportion of non-loan assets without balance sheet data.

Unable to establish if Federal National Mortgage Association has a sufficient allowance for bad loans without relevant financial data.

Unable to establish if Federal National Mortgage Association's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.

Federal National Mortgage Association's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).

Federal National Mortgage Association reports no customer deposits, loans are made up entirely of borrowed funds.

Unable to establish if Federal National Mortgage Association has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is Federal National Mortgage Association's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Federal National Mortgage Association's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Federal National Mortgage Association's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Federal National Mortgage Association has not reported any payouts.

Unable to verify if Federal National Mortgage Association's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Federal National Mortgage Association has not reported any payouts.


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 National Mortgage Association's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Hugh Frater (63yo)

0.8yrs

Tenure

US$252,692

Compensation

Mr. Hugh R. Frater has been Chief Executive Officer of Federal National Mortgage Association (Fannie Mae) since March 26, 2019 and served as its Interim Chief Executive Officer from October 16, 2018 to Mar ...


CEO Compensation Analysis

Hugh's remuneration is lower than average for companies of similar size in United States of America.

Hugh's compensation has increased in line with Federal National Mortgage Association recently becoming profitable.


Management Age and Tenure

1.0yrs

Average Tenure

53yo

Average Age

The average tenure for the Federal National Mortgage Association management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.6yrs

Average Tenure

61yo

Average Age

The tenure for the Federal National Mortgage Association board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • David Benson (59yo)

    President

    • Tenure: 1.0yrs
    • Compensation: US$3.39m
  • Hugh Frater (63yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: US$252.69k
  • Jeffery Hayward (63yo)

    Executive VP & Head of Multifamily Business

    • Tenure: 17.8yrs
    • Compensation: US$2.56m
  • Terry Theologides (52yo)

    Executive VP

    • Tenure: 0.4yrs
  • Andrew Bon Salle (53yo)

    Executive Vice President of Single-Family Mortgage Business

    • Tenure: 13.4yrs
    • Compensation: US$3.31m
  • Nancy Jardini

    SVP, Chief Compliance & Ethics Officer and Chief Office of Minority & Women Inclusion Officer

    • Tenure: 0.0yrs
  • Pete Bakel

    Investor Relations

    • Tenure: 0.0yrs
  • Kimberly Johnson (46yo)

    Executive VP & COO

    • Tenure: 1.4yrs
    • Compensation: US$2.37m
  • Celeste Brown (42yo)

    Executive VP & CFO

    • Tenure: 1.0yrs
    • Compensation: US$3.11m
  • Steve James

    Senior VP & Chief Marketing Officer

    • Tenure: 0.6yrs

Board Members

  • Hugh Frater (63yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: US$252.69k
  • Bobby Rayburn

    Chairman of National Advisory Council

    • Tenure: 0.0yrs
  • Amy Alving (57yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$170.00k
  • Antony Jenkins (58yo)

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: US$74.84k
  • Jonathan Plutzik (64yo)

    Chairman

    • Tenure: 0.7yrs
    • Compensation: US$180.39k
  • Mike Heid (61yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$170.00k
  • Diane Nordin (61yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$180.00k
  • Bob Herz (65yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$185.00k
  • Ryan Zanin (56yo)

    Independent Director

    • Tenure: 2.9yrs
    • Compensation: US$161.25k
  • Renee Glover (69yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$164.17k

Company Information

Federal National Mortgage Association's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Federal National Mortgage Association
  • Ticker: FNMA.H
  • Exchange: OTCPK
  • Founded: 1938
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$14.031b
  • Shares outstanding: 5.74b
  • Website: https://www.fanniemae.com

Number of Employees


Location

  • Federal National Mortgage Association
  • Midtown Center
  • 1100 15th Street, NW
  • Washington
  • District Of Columbia
  • 20005
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNMAOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 1970
0IL0LSE (London Stock Exchange)YesCommon StockGBUSDAug 1970
FNMA.POTCPK (Pink Sheets LLC)PFD F VAR RATEUSUSDApr 2000
FNMA.OOTCPK (Pink Sheets LLC)PFD G VAR RATEUSUSDAug 2000
FNMABASE (Buenos Aires Stock Exchange)CEDEAR EACH 3 REP 1 ORD NPVARARSOct 2000
FNMA.MOTCPK (Pink Sheets LLC)PFD SER H %USUSDApr 2001
FNMA.GOTCPK (Pink Sheets LLC)PFD I 5.375%USUSDNov 2002
FNMA.NOTCPK (Pink Sheets LLC)PFD L 5.125%USUSDMay 2003
FNMA.LOTCPK (Pink Sheets LLC)PFD M 4.75%USUSDJun 2003
FNMF.MOTCPK (Pink Sheets LLC)5.10 PFD SER EUSUSDJun 2003
FNMA.KOTCPK (Pink Sheets LLC)PFD SER NUSUSDSep 2003
FNMF.NOTCPK (Pink Sheets LLC)PFD O VAR RATEUSUSDDec 2004
FNMF.OOTCUS (Other "Grey Market" OTC)PFD CV 5.375%USUSDMar 2005
FNMA.HOTCPK (Pink Sheets LLC)VAR PFD SER PUSUSDSep 2007
FNMA.IOTCPK (Pink Sheets LLC)PFD6.75% SER QUSUSDOct 2007
FNMA.JOTCPK (Pink Sheets LLC)PFD7.625%SER RUSUSDNov 2007
FNMA.SOTCPK (Pink Sheets LLC)PFD8.25%SER SUSUSDDec 2007
FNMA.TOTCPK (Pink Sheets LLC)PFD 8.25% SR TUSUSDMay 2008

Biography

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans or ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:04
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.