OTCPK:FNMA

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Federal National Mortgage Association

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 +/- 10% a week.

Volatility Over Time: FNMA's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

FNMA

-2.2%

US Mortgage

-3.2%

US Market


1 Year Return

-29.0%

FNMA

9.9%

US Mortgage

38.9%

US Market

Return vs Industry: FNMA underperformed the US Mortgage industry which returned 9.9% over the past year.

Return vs Market: FNMA underperformed the US Market which returned 38.9% over the past year.


Shareholder returns

FNMAIndustryMarket
7 Day-2.1%-2.2%-3.2%
30 Day-12.8%-2.8%-0.8%
90 Day-31.1%8.0%3.1%
1 Year-29.0%-29.0%13.1%9.9%42.0%38.9%
3 Year13.6%13.6%19.2%9.6%60.6%50.3%
5 Year6.4%6.4%70.9%47.2%128.0%102.5%

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?

719.87x

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 (719.9x) compared to the US Mortgage industry average (13.1x).

PE vs Market: FNMA is poor value based on its PE Ratio (719.9x) compared to the US market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FNMA's PEG Ratio to determine if it is good value.


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.


Next Steps

Future Growth

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

9.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FNMA's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if FNMA's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FNMA's revenue (9.3% per year) is forecast to grow slower than the US market (10.4% per year).

High Growth Revenue: FNMA's revenue (9.3% per year) is forecast to grow slower than 20% 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


Next Steps

Past Performance

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

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNMA has high quality earnings.

Growing Profit Margin: FNMA's current net profit margins (0.07%) are lower than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: FNMA has become profitable over the past 5 years, growing earnings by 16.2% 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 (-92.1%) over the past year, making it difficult to compare to the Mortgage industry average (8.6%).


Return on Equity

High ROE: Whilst FNMA's Return on Equity (46.74%) is outstanding, this metric is skewed due to their high level of debt.


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


Financial Institutions Analysis

Asset Level: FNMA's Assets to Equity ratio (157.8x) 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.


Next Steps

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?

2.5yrs

Average management tenure


CEO

Hugh Frater (64 yo)

2.33yrs

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 ($USD648.00K) is below average for companies of similar size in the US market ($USD10.48M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hugh Frater
CEO & Director2.33yrsUS$648.00kno data
David Benson
President2.5yrsUS$3.64mno data
Celeste Brown
Executive VP & CFO2.5yrsUS$3.05mno data
Kimberly Johnson
Executive VP & COO2.92yrsUS$2.83m0.00012%
$ 12.7k
Jeffery Hayward
Executive VP & Chief Administrative Officer0.50yrUS$2.83m0.00026%
$ 27.5k
Andrew Bon Salle
Executive Vice President of Single-Family Mortgage Business14.92yrsUS$3.30mno data
Ryan Zanin
Executive VP & Chief Risk Officerno dataUS$173.29kno data
Pete Bakel
Investor Relationsno datano datano data
Nancy Jardini
Senior VP and Chief Compliance & Ethics Officerno datano datano data
Stergios Theologides
Executive VP1.92yrsno datano data
Steve James
Senior VP & Chief Marketing Officer2.08yrsno datano data
Elcio R. Barcelos
Senior VP & Chief Human Resources Officer3.08yrsno datano data

2.5yrs

Average Tenure

54yo

Average Age

Experienced Management: FNMA's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hugh Frater
CEO & Director2.33yrsUS$648.00kno data
Ralph Vinciguerra
Member of National Advisory Council16.92yrsno datano data
David Wilson
Member of National Advisory Council16.92yrsno datano data
James Rayburn
Chairman of National Advisory Councilno datano datano data
Amy Alving
Independent Director7.33yrsUS$170.00kno data
Antony Jenkins
Independent Director2.58yrsUS$170.00kno data
Michael Heid
Independent Director4.75yrsUS$185.00kno data
Sheila Colleen Bair
Independent Chairwoman of the Board0.25yrUS$174.81kno data
Diane Nordin
Independent Vice Chairman1.83yrsUS$180.00kno data
Robert Herz
Independent Director9.67yrsUS$188.00kno data
Renee Glover
Independent Director5.08yrsUS$170.00kno data
Manuel Sánchez Rodríguez
Independent Director2.42yrsUS$166.71kno data

5.1yrs

Average Tenure

63yo

Average Age

Experienced Board: FNMA's board of directors are considered experienced (5.1 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$10.559b
  • 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)PFD 5.10% EUSUSDJun 2003
FNMA.KOTCPK (Pink Sheets LLC)PFD SER NUSUSDSep 2003
FNMF.NOTCPK (Pink Sheets LLC)PFD O VAR RATEUSUSDDec 2004
FNMF.OOTCPK (Pink Sheets LLC)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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 00:15
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.