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FNMA

Federal National Mortgage Association OTCPK:FNMA Stock Report

Last Price

US$0.67

Market Cap

US$3.8b

7D

-5.0%

1Y

-68.7%

Updated

21 May, 2022

Data

Company Financials +
FNMA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

FNMA Stock Overview

Federal National Mortgage Association provides a source of financing for mortgages in the United States.

Federal National Mortgage Association Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Federal National Mortgage Association
Historical stock prices
Current Share PriceUS$0.67
52 Week HighUS$2.50
52 Week LowUS$0.56
Beta1.87
1 Month Change-12.18%
3 Month Change-18.00%
1 Year Change-68.69%
3 Year Change-78.73%
5 Year Change-74.23%
Change since IPO-92.34%

Recent News & Updates

Shareholder Returns

FNMAUS MortgageUS Market
7D-5.0%2.7%-2.7%
1Y-68.7%-30.7%-12.9%

Return vs Industry: FNMA underperformed the US Mortgage industry which returned -30.4% over the past year.

Return vs Market: FNMA underperformed the US Market which returned -12.7% over the past year.

Price Volatility

Is FNMA's price volatile compared to industry and market?
FNMA volatility
FNMA Average Weekly Movement7.2%
Mortgage Industry Average Movement4.0%
Market Average Movement7.9%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

Stable Share Price: FNMA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FNMA's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19387,400Dave Bensonhttps://www.fanniemae.com

Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily.

Federal National Mortgage Association Fundamentals Summary

How do Federal National Mortgage Association's earnings and revenue compare to its market cap?
FNMA fundamental statistics
Market CapUS$3.85b
Earnings (TTM)US$58.00m
Revenue (TTM)US$35.82b

66.3x

P/E Ratio

0.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FNMA income statement (TTM)
RevenueUS$35.82b
Cost of RevenueUS$0
Gross ProfitUS$35.82b
Other ExpensesUS$35.77b
EarningsUS$58.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.01
Gross Margin100.00%
Net Profit Margin0.16%
Debt/Equity Ratio8,134.0%

How did FNMA perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FNMA ($0.67) is trading below our estimate of fair value ($140.49)

Significantly Below Fair Value: FNMA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FNMA is poor value based on its PE Ratio (66.3x) compared to the US Mortgage industry average (12.1x).

PE vs Market: FNMA is poor value based on its PE Ratio (66.3x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: FNMA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FNMA has negative assets, so we can't compare its PB Ratio to the US Mortgage industry average.


Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-162.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNMA's earnings are forecast to decline over the next 3 years (-162.1% per year).

Earnings vs Market: FNMA's earnings are forecast to decline over the next 3 years (-162.1% per year).

High Growth Earnings: FNMA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FNMA's revenue is expected to decline over the next 3 years (-25.6% per year).

High Growth Revenue: FNMA's revenue is forecast to decline over the next 3 years (-25.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


47.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FNMA has high quality earnings.

Growing Profit Margin: FNMA's current net profit margins (0.2%) are lower than last year (0.2%).


Past Earnings Growth Analysis

Earnings Trend: FNMA has become profitable over the past 5 years, growing earnings by 47.6% per year.

Accelerating Growth: FNMA's earnings growth over the past year (1.8%) is below its 5-year average (47.6% per year).

Earnings vs Industry: FNMA earnings growth over the past year (1.8%) underperformed the Mortgage industry 7.1%.


Return on Equity

High ROE: Whilst FNMA's Return on Equity (41.72%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Federal National Mortgage Association's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

0/6

Financial 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: FNMA's Assets to Equity ratio (82.8x) is very high.

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

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

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

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

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


Dividend

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

Dividend Score

0/6

Dividend 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 FNMA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FNMA'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 FNMA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FNMA'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 FNMA'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?

3.3yrs

Average management tenure


CEO

Dave Benson (61 yo)

3.75yrs

Tenure

US$3,617,711

Compensation

Dr. David C. Benson, also known as Dave, serves as Interim Chief Executive Officer and Director for Federal National Mortgage Association since May 1, 2022. He has been President at Fannie Mae (formally, t...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD3.62M) is below average for companies of similar size in the US market ($USD6.90M).

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


Leadership Team

Experienced Management: FNMA's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: FNMA's board of directors are considered experienced (6.3 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 National Mortgage Association's employee growth, exchange listings and data sources


Key Information

  • Name: Federal National Mortgage Association
  • Ticker: FNMA
  • Exchange: OTCPK
  • Founded: 1938
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$3.845b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.