AGNC Investment
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The last earnings update was 27 days ago. More info.
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AGNC Share Price and Events
7 Day Returns
1 Year Returns
AGNC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| AGNC Investment (AGNC) | -0.1% | 1.7% | 3.1% | -4.1% | -2.4% | -15.4% |
| US Mortgage REITs | 0.1% | 0.6% | 6.8% | 0.3% | 12.1% | -6.7% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- AGNC underperformed the Mortgage REITs industry which returned 0.3% over the past year.
- AGNC underperformed the Market in United States of America which returned 3% over the past year.
AGNC Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
AGNC Investment
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for AGNC Investment.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $18.39 * 12.8% |
$2.35 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 2 analysts. | $18.39 |
| Discount Rate (Cost of Equity) | See below | 13.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.29 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.292 (1 + (1- 21%) (788.46%)) |
1.743 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.74 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.743 * 5.96%) |
13.12% |
Discounted Cash Flow Calculation for NasdaqGS:AGNC using Excess Returns Model Model
The calculations below outline how an intrinsic value for AGNC Investment is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (12.8% – 13.12%) * $18.39) |
$-0.06 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.06 / (13.12% - 2.73%) |
$-0.62 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $18.39 + $-0.62 |
$17.77 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $17.77 |
| Current discount | Discount to share price of
$17.99
= -1 x ($17.99 - $17.77) / $17.77 |
-1.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of AGNC Investment is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for AGNC Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
AGNC Investment's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.21 |
| NasdaqGS:AGNC Share Price ** | NasdaqGS (2019-03-20) in USD | $17.99 |
| United States of America Mortgage REITs Industry PE Ratio | Median Figure of 22 Publicly-Listed Mortgage REITs Companies | 11.5x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of AGNC Investment.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:AGNC Share Price ÷ EPS (both in USD) = 17.99 ÷ 0.21 |
85.33x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- AGNC Investment is overvalued based on earnings compared to the US Mortgage REITs industry average.
- AGNC Investment is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
AGNC Investment's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 85.33x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
66.6%per year |
| United States of America Mortgage REITs Industry PEG Ratio | Median Figure of 20 Publicly-Listed Mortgage REITs Companies | 1.08x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 85.33x ÷ 66.6% |
1.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- AGNC Investment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
AGNC Investment's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $17.57 |
| NasdaqGS:AGNC Share Price * | NasdaqGS (2019-03-20) in USD | $17.99 |
| United States of America Mortgage REITs Industry PB Ratio | Median Figure of 37 Publicly-Listed Mortgage REITs Companies | 0.98x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:AGNC Share Price ÷ Book Value per Share (both in USD) = 17.99 ÷ 17.57 |
1.02x |
* Primary Listing of AGNC Investment.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- AGNC Investment is overvalued based on assets compared to the US Mortgage REITs industry average.
Value checks
We assess AGNC Investment's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check) AGNC Investment has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
AGNC Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- AGNC Investment's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- AGNC Investment's earnings growth is expected to exceed the United States of America market average.
- AGNC Investment's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:AGNC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 66.6% |
| NasdaqGS:AGNC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 69.8% |
| United States of America Mortgage REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 30.6% |
| United States of America Mortgage REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 25.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 1,577 | 1,160 | 1 | |
| 2019-12-31 | 1,377 | 1,147 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 229 | 1,113 | 93 |
| 2018-09-30 | 1,417 | 1,165 | 1,282 |
| 2018-06-30 | 1,460 | 991 | 1,346 |
| 2018-03-31 | 1,189 | 1,158 | 1,079 |
| 2017-12-31 | 844 | 1,260 | 733 |
| 2017-09-30 | 1,474 | 1,258 | 1,369 |
| 2017-06-30 | 1,696 | 1,343 | 1,602 |
| 2017-03-31 | 1,561 | 1,380 | 1,443 |
| 2016-12-31 | 728 | 1,352 | 595 |
| 2016-09-30 | 313 | 1,387 | 164 |
| 2016-06-30 | -812 | 1,245 | -980 |
| 2016-03-31 | -169 | 1,370 | -333 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from AGNC Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 1.89 | 2.71 | 0.80 | 4.00 |
| 2019-12-31 | 2.11 | 2.62 | 1.59 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.21 |
| 2018-09-30 | 3.11 |
| 2018-06-30 | 3.47 |
| 2018-03-31 | 2.89 |
| 2017-12-31 | 2.04 |
| 2017-09-30 | 3.99 |
| 2017-06-30 | 4.78 |
| 2017-03-31 | 4.36 |
| 2016-12-31 | 1.79 |
| 2016-09-30 | 0.49 |
| 2016-06-30 | -2.89 |
| 2016-03-31 | -0.97 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess AGNC Investment's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
AGNC Investment has a total score of 5/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
AGNC Past Performance
How has AGNC Investment performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- AGNC Investment has delivered over 20% year on year earnings growth in the past 5 years.
- AGNC Investment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- AGNC Investment's 1-year earnings growth is negative, it can't be compared to the US Mortgage REITs industry average.
Earnings and Revenue History
All data from AGNC Investment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 229.00 | 93.00 | 45.50 | |
| 2018-09-30 | 1,417.00 | 1,282.00 | 46.46 | |
| 2018-06-30 | 1,460.00 | 1,346.00 | 42.46 | |
| 2018-03-31 | 1,189.00 | 1,079.00 | 42.46 | |
| 2017-12-31 | 844.00 | 733.00 | 42.50 | |
| 2017-09-30 | 1,474.00 | 1,369.00 | 40.73 | |
| 2017-06-30 | 1,696.00 | 1,602.00 | 39.73 | |
| 2017-03-31 | 1,561.00 | 1,443.00 | 29.73 | |
| 2016-12-31 | 728.00 | 595.00 | 19.70 | |
| 2016-09-30 | 313.00 | 164.00 | 9.70 | |
| 2016-06-30 | -812.00 | -980.00 | -12.30 | |
| 2016-03-31 | -169.00 | -333.00 | -5.30 | |
| 2015-12-31 | 354.00 | 187.00 | 0.70 | |
| 2015-09-30 | -456.00 | -723.00 | 35.00 | |
| 2015-06-30 | 442.00 | 107.00 | 83.00 | |
| 2015-03-31 | -42.00 | -371.00 | 112.00 | |
| 2014-12-31 | -92.00 | -256.00 | 0.54 | |
| 2014-09-30 | 176.00 | -31.00 | 144.00 | |
| 2014-06-30 | -801.00 | -925.00 | 151.00 | |
| 2014-03-31 | 965.00 | 873.00 | 161.00 | |
| 2013-12-31 | 1,411.00 | 1,245.00 | 168.00 | |
| 2013-09-30 | 2,356.00 | 2,156.00 | 170.00 | |
| 2013-06-30 | 3,262.00 | 2,943.00 | 168.00 | |
| 2013-03-31 | 1,256.00 | 854.00 | 158.00 | |
| 2012-12-31 | 1,620.00 | 1,267.00 | 144.00 | |
| 2012-09-30 | 961.00 | 668.00 | 129.00 | |
| 2012-06-30 | 1,006.00 | 836.00 | 110.00 | |
| 2012-03-31 | 1,376.00 | 1,277.00 | 91.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- AGNC Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- AGNC Investment used its assets less efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
- Unable to establish if AGNC Investment improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess AGNC Investment's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
AGNC Investment has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
AGNC Health
How is AGNC Investment's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up AGNC Investment's finances.
The net worth of a company is the difference between its assets and liabilities.
- AGNC Investment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- AGNC Investment's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from AGNC Investment Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 9,906.00 | 76,076.00 | 23,007.00 |
| 2018-09-30 | 9,627.00 | 66,087.00 | 17,792.00 |
| 2018-06-30 | 9,042.00 | 49,158.00 | 14,627.00 |
| 2018-03-31 | 8,338.00 | 49,324.00 | 12,152.00 |
| 2017-12-31 | 8,754.00 | 50,681.00 | 12,212.00 |
| 2017-09-30 | 8,791.00 | 45,947.00 | 10,507.00 |
| 2017-06-30 | 7,745.00 | 39,536.00 | 8,825.00 |
| 2017-03-31 | 7,292.00 | 39,878.00 | 10,186.00 |
| 2016-12-31 | 7,356.00 | 41,611.00 | 9,279.00 |
| 2016-09-30 | 7,931.00 | 42,146.00 | 6,756.00 |
| 2016-06-30 | 7,702.00 | 47,031.00 | 4,224.00 |
| 2016-03-31 | 7,660.00 | 50,527.00 | 4,327.00 |
| 2015-12-31 | 7,971.00 | 47,037.00 | 2,904.00 |
| 2015-09-30 | 8,316.00 | 46,678.00 | 3,111.00 |
| 2015-06-30 | 8,718.00 | 51,696.00 | 4,415.00 |
| 2015-03-31 | 9,356.00 | 60,189.00 | 5,112.00 |
| 2014-12-31 | 9,428.00 | 51,947.00 | 7,346.00 |
| 2014-09-30 | 9,357.00 | 46,633.00 | 7,428.00 |
| 2014-06-30 | 9,611.00 | 50,141.00 | 8,961.00 |
| 2014-03-31 | 8,814.00 | 51,020.00 | 9,097.00 |
| 2013-12-31 | 8,697.00 | 64,865.00 | 5,218.00 |
| 2013-09-30 | 9,885.00 | 84,224.00 | 5,183.00 |
| 2013-06-30 | 10,280.00 | 74,778.00 | 14,229.00 |
| 2013-03-31 | 11,642.00 | 68,339.00 | 15,597.00 |
| 2012-12-31 | 10,896.00 | 76,679.00 | 14,549.00 |
| 2012-09-30 | 11,273.00 | 81,824.00 | 9,573.00 |
| 2012-06-30 | 9,136.00 | 71,744.00 | 3,437.00 |
| 2012-03-31 | 8,718.00 | 70,693.00 | 5,559.00 |
- AGNC Investment's level of debt (768%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (744% vs 768% today).
- Debt is not well covered by operating cash flow (1.5%, less than 20% of total debt).
- Unable to confirm if the interest payments on AGNC Investment's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess AGNC Investment's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) AGNC Investment has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
AGNC Dividends
What is AGNC Investment's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
AGNC Investment
shares you are expected to receive
$240
in your first year as a dividend.
Dividend Amount
- AGNC Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- AGNC Investment's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment
Purchase AGNC Investment on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage REITs Industry Average Dividend Yield | Market Cap Weighted Average of 36 Stocks | 10.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.16 | 1.00 |
| 2020-12-31 | 2.18 | 5.00 |
| 2019-12-31 | 2.17 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-12 | 2.160 | 11.995 |
| 2019-02-12 | 2.160 | 12.207 |
| 2019-01-10 | 2.160 | 12.054 |
| 2018-12-11 | 2.160 | 12.186 |
| 2018-11-09 | 2.160 | 12.209 |
| 2018-10-11 | 2.160 | 12.101 |
| 2018-09-14 | 2.160 | 11.651 |
| 2018-08-13 | 2.160 | 11.283 |
| 2018-07-12 | 2.160 | 11.290 |
| 2018-06-13 | 2.160 | 11.422 |
| 2018-05-10 | 2.160 | 11.391 |
| 2018-04-12 | 2.160 | 11.464 |
| 2018-03-13 | 2.160 | 11.483 |
| 2018-02-13 | 2.160 | 11.605 |
| 2018-01-11 | 2.160 | 11.297 |
| 2017-12-12 | 2.160 | 10.753 |
| 2017-11-14 | 2.160 | 10.724 |
| 2017-10-12 | 2.160 | 10.468 |
| 2017-09-11 | 2.160 | 10.041 |
| 2017-08-14 | 2.160 | 10.075 |
| 2017-07-13 | 2.160 | 10.187 |
| 2017-06-14 | 2.160 | 9.942 |
| 2017-05-11 | 2.160 | 10.463 |
| 2017-04-13 | 2.160 | 10.540 |
| 2017-03-14 | 2.160 | 10.863 |
| 2017-02-14 | 2.160 | 11.129 |
| 2017-01-12 | 2.160 | 11.362 |
| 2016-12-14 | 2.160 | 11.781 |
| 2016-11-14 | 2.160 | 11.573 |
| 2016-10-12 | 2.160 | 11.015 |
| 2016-09-14 | 2.160 | 11.173 |
| 2016-07-14 | 2.400 | 12.228 |
| 2016-06-13 | 2.400 | 12.453 |
| 2016-05-12 | 2.400 | 12.641 |
| 2016-04-12 | 2.400 | 12.873 |
| 2016-03-10 | 2.400 | 12.945 |
| 2016-02-11 | 2.400 | 13.297 |
| 2016-01-14 | 2.400 | 14.133 |
| 2015-12-14 | 2.400 | 13.712 |
| 2015-11-12 | 2.400 | 13.527 |
| 2015-10-13 | 2.400 | 13.018 |
| 2015-09-14 | 2.400 | 12.456 |
| 2015-08-12 | 2.400 | 12.395 |
| 2015-07-13 | 2.400 | 12.561 |
| 2015-06-10 | 2.400 | 12.425 |
| 2015-04-27 | 2.400 | 11.700 |
| 2015-04-14 | 2.640 | 12.215 |
| 2015-03-12 | 2.640 | 12.232 |
| 2015-02-12 | 2.640 | 12.300 |
| 2015-01-15 | 2.640 | 12.191 |
| 2014-12-15 | 2.640 | 11.993 |
| 2014-11-17 | 2.640 | 11.561 |
| 2014-10-16 | 2.640 | 11.634 |
| 2014-09-18 | 2.600 | 11.775 |
| 2014-06-17 | 2.600 | 11.177 |
| 2014-03-20 | 2.600 | 11.437 |
| 2013-12-18 | 2.600 | 12.310 |
| 2013-09-19 | 3.200 | 14.772 |
| 2013-06-18 | 4.200 | 18.659 |
| 2013-03-07 | 5.000 | 16.650 |
| 2012-12-17 | 5.000 | 15.920 |
| 2012-09-11 | 5.000 | 15.335 |
| 2012-06-11 | 5.000 | 14.662 |
| 2012-02-06 | 5.000 | 16.282 |
| 2011-12-12 | 5.600 | 19.527 |
| 2011-09-13 | 5.600 | 20.058 |
| 2011-06-10 | 5.600 | 19.315 |
| 2011-03-07 | 5.600 | 19.048 |
| 2010-12-17 | 5.600 | 19.207 |
| 2010-09-14 | 5.600 | 19.615 |
| 2010-06-15 | 5.600 | 20.290 |
| 2010-03-16 | 5.600 | 20.960 |
| 2010-02-24 | 5.150 | 19.541 |
| 2010-02-08 | 5.150 | 20.165 |
| 2009-12-18 | 5.600 | 20.885 |
| 2009-09-22 | 5.600 | 20.724 |
| 2009-06-22 | 6.000 | 24.946 |
| 2009-03-23 | 3.400 | 18.498 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess AGNC Investment's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can AGNC Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) AGNC Investment has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AGNC Management
CEO
| COMPENSATION | $14,645,850 |
| AGE | 53 |
| TENURE AS CEO | 3 years |
CEO Bio
Mr. Gary D. Kain served as the Chief Executive Officer and Director of MTGE Investment Corp. since March 17, 2016 until May 2, 2018 and its Chief Investment Officer since March 2011 until May 2, 2018. Mr. Kain has been Chief Investment Officer of AGNC Investment Corp. since January 26, 2009 and has been its Chief Executive Officer and Director since March 17, 2016. He has been the President of American Capital Agency Management, LLC since October 2009. He served as the President at AGNC Investment Corp. from April 25, 2011 to March 31, 2018 and served as its Senior Vice President from January 26, 2009 to April 25, 2011. He served as the President of MTGE Investment Corp. since March 2011 until March 2018. Mr. Kain served as a Senior Vice President of American Capital Agency Management, LLC. He served as Senior Vice President and Managing Director of RMBS Team at American Capital, Ltd. since January 2009. He served as Senior Vice President of Investments and Capital Markets of Federal Home Loan Mortgage Corporation ("Freddie Mac") from May 1, 2008 to January 20, 2009 and served as its Head of Investments & Capital Markets since October 2008 and Senior Vice President. He served as Senior Vice President of Mortgage Investments & Structuring of Freddie Mac from February 2005 to April 2008 and was responsible for managing all of its mortgage investment activities. Prior to that, Mr. Kain served in several other positions at Freddie Mac since 1988, including Vice President of Mortgage Investments and Structuring and Vice President of Mortgage Portfolio Strategy from 2001 to 2005. Previously, he also served as the Head Trader in Freddie Mac's Securities Sales & Trading Group from 1995 to 2001, where he was responsible for managing all trading decisions including REMIC structuring and underwriting, hedging all mortgage positions, income generation and risk management. Prior to that, he served as a Senior Trader at Freddie Mac, responsible for managing the adjustable-rate mortgage and REMIC sectors. Mr. Kain joined Freddie Mac in 1988 as an Analyst in the Financial Research Department.
CEO Compensation
- Gary's compensation has been consistent with company performance over the past year.
- Gary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the AGNC Investment management team in years:
- The tenure for the AGNC Investment management team is about average.
Management Team
Gary Kain
CEO, Chief Investment Officer & Director
$15M
53
3 yrs
Peter Federico
President & COO
$5M
52
1 yrs
Bernie Bell
Senior VP & CFO
$1M
46
1 yrs
Kenneth Pollack
Senior VP
$1M
50
2.7 yrs
Christopher Kuehl
Executive Vice President of Agency Portfolio Investments
$4M
44
7 yrs
Aaron Pas
Senior Vice President of Non-Agency Portfolio Investments
$2M
37
Katie Wisecarver
Vice President of Investor Relations
2.7 yrs
Sean Reid
Senior Vice President of Strategy & Corporate Development
2.7 yrs
Jason Campbell
Head of Asset & Liability Management and Senior Vice President
2.7 yrs
Amie Wright
Senior Vice President of Internal Audit
2.7 yrs
Board of Directors Tenure
Average tenure and age of the AGNC Investment board of directors in years:
- The average tenure for the AGNC Investment board of directors is less than 3 years, this suggests a new board.
Board of Directors
Prue Larocca
Chairman & Lead Independent Director
$275K
66
2.8 yrs
Gary Kain
CEO, Chief Investment Officer & Director
$15M
53
3 yrs
Morris Davis
Independent Director
$250K
46
11.2 yrs
Larry Harvey
Independent Director
$250K
53
11.2 yrs
Paul Mullings
Independent Director
$225K
67
2.3 yrs
Donna Blank
Independent Director
$8K
57
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Nov 18 | Buy | Larry Harvey | Individual | 30. Oct 18 | 30. Oct 18 | 4,000 | $17.74 | $70,948 | ||
| 05. Sep 18 | Sell | Morris Davis | Individual | 04. Sep 18 | 04. Sep 18 | -6,797 | $19.12 | $-129,959 | ||
Management checks
We assess AGNC Investment's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) AGNC Investment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
AGNC News
Simply Wall St News
Volatility 101: Should AGNC Investment Shares Have Dropped 22%?
(NASDAQ:AGNC), since the last five years saw the share price fall 22%. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Looking back five years, both AGNC Investment's share price and EPS declined; the latter at a rate of 42% per year.
Simply Wall St - – Full articleHave Insiders Been Selling AGNC Investment Corp. (NASDAQ:AGNC) Shares?
Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So we'll take a look at whether insiders have been buying or selling shares in AGNC Investment Corp. … That means that an insider was selling shares at around the current price of US$17.95.
Simply Wall St - – Full articleIs AGNC Investment Corp's (NASDAQ:AGNC) CEO Salary Justified?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Gary Kain's Compensation Compare With Similar Sized Companies. … According to our data, AGNC Investment Corp has a market capitalization of US$9.2b, and pays its CEO total annual compensation worth US$16m
Simply Wall St - – Full articleIs AGNC Investment Corp (NASDAQ:AGNC) A Smart Pick For Income Investors?
Check out our latest analysis for AGNC Investment 5 checks you should do on a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is its annual yield among the top 25% of dividend-paying companies? … NasdaqGS:AGNC Historical Dividend Yield May 26th 18 Does AGNC Investment pass our checks? … Compared to its peers, AGNC Investment has a yield of 11.32%, which is high for Mortgage REITs stocks.Next Steps: Keeping in mind the dividend characteristics above, AGNC Investment is definitely worth considering for investors looking to build a dedicated income portfolio.
Simply Wall St - – Full articleAGNC Investment Corp (NASDAQ:AGNC): Should The Future Outlook Worry You?
Below is a brief commentary on my key takeaways on how market analysts predict AGNC Investment's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … Check out our latest analysis for AGNC Investment Market analysts' consensus outlook for next year seems pessimistic, with earnings declining by a double-digit -13.51%. … This means, we can presume AGNC Investment will chip away at a rate of -0.048% every year for the next few years.
Simply Wall St - – Full articleDid AGNC Investment Corp's (NASDAQ:AGNC) Recent Earnings Growth Beat The Trend?
After reading AGNC Investment Corp's (NASDAQ:AGNC) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … For AGNC Investment, its latest earnings (trailing twelve month) is US$733.00M, which, relative to the previous year's figure, has risen by 23.19%. … Since these values may be somewhat nearsighted, I’ve calculated an annualized five-year value for AGNC Investment's earnings, which stands at US$617.75M This means generally, AGNC Investment has been able to gradually grow its net income over the past few years as well.
Simply Wall St - – Full articleIs AGNC Investment Corp (NASDAQ:AGNC) A Good Pick For Income Investors?
Check out our latest analysis for AGNC Investment 5 questions I ask before picking a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … NasdaqGS:AGNC Historical Dividend Yield Feb 23rd 18 How well does AGNC Investment fit our criteria? … In terms of its peers, AGNC Investment produces a yield of 11.61%, which is high for Mortgage REITs stocks.Next Steps: If AGNC Investment is in your portfolio for cash-generating reasons, there may be better alternatives out there.
Simply Wall St - – Full articleShould You Buy AGNC Investment Corp (NASDAQ:AGNC)?
AGNC Investment Corp (NASDAQ:AGNC), a mortgage reits company based in United States, had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of $19.1 to $20.63. … Great news for investors – AGNC Investment is still trading at a fairly cheap price. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.
Simply Wall St - – Full articleAGNC Investment Corp (AGNC): Dividend Is Coming In 4 Days, Should You Buy?
View our latest analysis for AGNC Investment 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … NasdaqGS:AGNC Historical Dividend Yield Oct 26th 17 How does AGNC Investment fare? … There not much to be excited about if we look at AGNC Investment from a dividend stock point of view.
Simply Wall St - – Full articleAGNC Company Info
Description
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by government-sponsored enterprise or by the United States government agency. It funds its investments primarily through short-term borrowings structured as repurchase agreements. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 and would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as American Capital Agency Corp. and changed its name to AGNC Investment Corp. in September 2016. AGNC Investment Corp. was founded in 2008 and is headquartered in Bethesda, Maryland.
Details
| Name: | AGNC Investment Corp. |
| AGNC | |
| Exchange: | NasdaqGS |
| Founded: | 2008 |
| $9,648,740,265 | |
| 536,339,092 | |
| Website: | http://www.agnc.com |
| Address: |
AGNC Investment Corp. 2 Bethesda Metro Center, 12th Floor, Bethesda, Maryland, 20814, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | AGNC | Common Stock | Nasdaq Global Select | US | USD | 15. May 2008 | |
| DB | 4OQ1 | Common Stock | Deutsche Boerse AG | DE | EUR | 15. May 2008 | |
| LSE | 0H6E | Common Stock | London Stock Exchange | GB | USD | 15. May 2008 | |
| BMV | AGNC * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 15. May 2008 | |
| NasdaqGS | AGNC.N | CUM 1/1000 7% C | Nasdaq Global Select | US | USD | 16. Aug 2017 | |
| NasdaqGS | AGNC.B | DEP SHS 1/1000 | Nasdaq Global Select | US | USD | 07. May 2014 | |
| NasdaqGS | AGNC.M | 6.875 DEP REP D | Nasdaq Global Select | US | USD | 28. Feb 2019 |
Number of employees
Current staff
Industry
| Mortgage REITs | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/21 00:17 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/08 |
| Last earnings filing: | 2019/02/22 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
