Federal National Mortgage Association
Market Cap
US$20.1b
Last Updated
2019/10/16 23:35 UTC
Data Sources
Company Financials +
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
Poor 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
Market Performance
7 Day Return
-4.5%
FNMA
2.1%
US Mortgage
2.3%
US Market
1 Year Return
163.5%
FNMA
12.0%
US Mortgage
5.6%
US Market
Return vs Industry: FNMA exceeded the US Mortgage industry which returned 12% over the past year.
Return vs Market: FNMA exceeded the US Market which returned 5.6% over the past year.
Shareholder returns
| FNMA | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | 2.1% | 2.3% |
| 30 Day | -12.4% | -0.4% | -1.0% |
| 90 Day | 39.1% | 3.0% | -0.7% |
| 1 Year | 163.5%163.5% | 14.4%12.0% | 7.9%5.6% |
| 3 Year | 99.7%99.7% | 39.1%29.7% | 45.6%36.3% |
| 5 Year | 56.5%56.5% | 70.4%52.4% | 65.8%47.6% |
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?
154.17x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: Insufficient data to calculate FNMA's fair value to establish if it is undervalued.
Significantly Undervalued: 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 (154.2x) compared to the Mortgage industry average (14.6x).
PE vs Market: FNMA is poor value based on its PE Ratio (154.2x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low 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.
Next Steps
Future Growth
How is Federal National Mortgage Association forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-101.2%
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 (-101.2% per year).
Earnings vs Market: FNMA's earnings are forecast to decline over the next 3 years (-101.2% per year).
High Growth Earnings: FNMA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FNMA's revenue (0.8% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: FNMA's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High 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?
-6.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FNMA has become profitable over the past 5 years, growing earnings by -6.3% per year.
Accelerating Growth: FNMA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FNMA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage industry (31.7%).
Return on Equity
High ROE: Whilst FNMA's Return on Equity (205.39%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: FNMA's Return on Assets is below or equal to the Mortgage industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate FNMA's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: FNMA has a low level of unsold assets or inventory.
Debt Coverage by Assets: FNMA's debt is not covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: FNMA's level of assets compared to its equity 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, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FNMA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FNMA has advanced significantly more loans than the customer deposits it holds.
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's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate FNMA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FNMA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
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
What is the CEO of Federal National Mortgage Association's salary, the management and board of directors tenure and is there insider trading?
1.2yrs
Average management tenure
CEO
Hugh Frater (63yo)
1yrs
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
Compensation vs. Market: Hugh has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Hugh's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.2yrs
Average Tenure
53yo
Average Age
Experienced Management: FNMA's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Age and Tenure
3.8yrs
Average Tenure
61yo
Average Age
Experienced Board: FNMA's board of directors are considered experienced (3.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
David Benson (59yo)
President
- Tenure: 1.2yrs
- Compensation: US$3.39m
Hugh Frater (63yo)
CEO & Director
- Tenure: 1yrs
- Compensation: US$252.69k
Jeffery Hayward (63yo)
Executive VP & Head of Multifamily Business
- Tenure: 17.9yrs
- Compensation: US$2.56m
Terry Theologides (52yo)
Executive VP
- Tenure: 0.6yrs
Andrew Bon Salle (53yo)
Executive Vice President of Single-Family Mortgage Business
- Tenure: 13.6yrs
- Compensation: US$3.31m
Nancy Jardini
SVP, Chief Compliance & Ethics Officer and Chief Office of Minority & Women Inclusion Officer
- Tenure: 0yrs
Pete Bakel
Investor Relations
- Tenure: 0yrs
Kimberly Johnson (46yo)
Executive VP & COO
- Tenure: 1.6yrs
- Compensation: US$2.37m
Celeste Brown (42yo)
Executive VP & CFO
- Tenure: 1.2yrs
- Compensation: US$3.11m
Steve James
Senior VP & Chief Marketing Officer
- Tenure: 0.8yrs
Board Members
Hugh Frater (63yo)
CEO & Director
- Tenure: 1yrs
- Compensation: US$252.69k
Bobby Rayburn
Chairman of National Advisory Council
- Tenure: 0yrs
Amy Alving (57yo)
Independent Director
- Tenure: 6yrs
- Compensation: US$170.00k
Antony Jenkins (58yo)
Independent Director
- Tenure: 1.3yrs
- Compensation: US$74.84k
Jonathan Plutzik (64yo)
Independent Chairman
- Tenure: 0.8yrs
- Compensation: US$180.39k
Mike Heid (61yo)
Independent Director
- Tenure: 3.4yrs
- Compensation: US$170.00k
Diane Nordin (61yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$180.00k
Bob Herz (65yo)
Independent Director
- Tenure: 8.3yrs
- Compensation: US$185.00k
Ryan Zanin (56yo)
Independent Director
- Tenure: 3.1yrs
- Compensation: US$161.25k
Renee Glover (69yo)
Independent Director
- Tenure: 3.8yrs
- 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
- Exchange: OTCPK
- Founded: 1938
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$20.115b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNMA | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Aug 1970 |
| 0IL0 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 1970 |
| FNMA.P | OTCPK (Pink Sheets LLC) | PFD F VAR RATE | US | USD | Apr 2000 | |
| FNMA.O | OTCPK (Pink Sheets LLC) | PFD G VAR RATE | US | USD | Aug 2000 | |
| FNMA | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 3 REP 1 ORD NPV | AR | ARS | Oct 2000 | |
| FNMA.M | OTCPK (Pink Sheets LLC) | PFD SER H % | US | USD | Apr 2001 | |
| FNMA.G | OTCPK (Pink Sheets LLC) | PFD I 5.375% | US | USD | Nov 2002 | |
| FNMA.N | OTCPK (Pink Sheets LLC) | PFD L 5.125% | US | USD | May 2003 | |
| FNMA.L | OTCPK (Pink Sheets LLC) | PFD M 4.75% | US | USD | Jun 2003 | |
| FNMF.M | OTCPK (Pink Sheets LLC) | 5.10 PFD SER E | US | USD | Jun 2003 | |
| FNMA.K | OTCPK (Pink Sheets LLC) | PFD SER N | US | USD | Sep 2003 | |
| FNMF.N | OTCPK (Pink Sheets LLC) | PFD O VAR RATE | US | USD | Dec 2004 | |
| FNMF.O | OTCUS (Other "Grey Market" OTC) | PFD CV 5.375% | US | USD | Mar 2005 | |
| FNMA.H | OTCPK (Pink Sheets LLC) | VAR PFD SER P | US | USD | Sep 2007 | |
| FNMA.I | OTCPK (Pink Sheets LLC) | PFD6.75% SER Q | US | USD | Oct 2007 | |
| FNMA.J | OTCPK (Pink Sheets LLC) | PFD7.625%SER R | US | USD | Nov 2007 | |
| FNMA.S | OTCPK (Pink Sheets LLC) | PFD8.25%SER S | US | USD | Dec 2007 | |
| FNMA.T | OTCPK (Pink Sheets LLC) | PFD 8.25% SR T | US | USD | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:35 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.