Federal National Mortgage Association
Market Cap
US$12.2b
Last Updated
2021/05/17 22:38 UTC
Data Sources
Company Financials +
Executive Summary
Federal National Mortgage Association provides a source of financing for mortgages in the United States. More Details
Snowflake Analysis
Questionable track record with weak fundamentals.
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
Stable Share Price: FNMA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FNMA's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.9%
FNMA
3.2%
US Mortgage
-0.6%
US Market
1 Year Return
26.8%
FNMA
53.3%
US Mortgage
46.0%
US Market
Return vs Industry: FNMA underperformed the US Mortgage industry which returned 54.9% over the past year.
Return vs Market: FNMA underperformed the US Market which returned 50.8% over the past year.
Shareholder returns
| FNMA | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 3.2% | -0.6% |
| 30 Day | -10.9% | -6.7% | -1.8% |
| 90 Day | 12.7% | -7.1% | 0.2% |
| 1 Year | 26.8%26.8% | 57.6%53.3% | 48.4%46.0% |
| 3 Year | 44.9%44.9% | 32.8%22.1% | 60.5%50.4% |
| 5 Year | 1.4%1.4% | 80.4%54.7% | 125.9%100.9% |
Long-Term 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 compared to its fair value and its price relative to the market?
219.25x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate FNMA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate FNMA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: FNMA is poor value based on its PE Ratio (219.2x) compared to the US Mortgage industry average (12.8x).
PE vs Market: FNMA is poor value based on its PE Ratio (219.2x) compared to the US market (19.8x).
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 3 analysts?
-115.1%
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 (-115.1% per year).
Earnings vs Market: FNMA's earnings are forecast to decline over the next 3 years (-115.1% 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 (-7.6% per year).
High Growth Revenue: FNMA's revenue is forecast to decline over the next 3 years (-7.6% 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?
21.8%
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 (0.6%).
Past Earnings Growth Analysis
Earnings Trend: FNMA has become profitable over the past 5 years, growing earnings by 21.8% per year.
Accelerating Growth: FNMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FNMA had negative earnings growth (-58.4%) over the past year, making it difficult to compare to the Mortgage industry average (24.4%).
Return on Equity
High ROE: Whilst FNMA's Return on Equity (54.05%) 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 Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FNMA's Assets to Equity ratio (134.7x) 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 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
Dividend Coverage: FNMA is not paying a notable dividend for the US market.
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Hugh Frater (64 yo)
2.58yrs
Tenure
US$648,000
Compensation
Mr. Hugh R. Frater has been Chief Executive Officer of Federal National Mortgage Association (Fannie Mae) since March 26, 2019 and served as its Interim Chief Executive Officer from October 16, 2018 to Mar...
CEO Compensation Analysis
Compensation vs Market: Hugh's total compensation ($USD648.00K) is below average for companies of similar size in the US market ($USD11.20M).
Compensation vs Earnings: Hugh's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FNMA's management team is considered experienced (2.7 years average tenure).
Board Members
Experienced Board: FNMA's board of directors are considered experienced (5.3 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 company bio, 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
- Market Cap: US$12.224b
- 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
Biography
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 (Fann...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/17 22:38 |
| End of Day Share Price | 2021/05/17 00:00 |
| Earnings | 2021/03/31 |
| 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.