AGNC Investment
Market Cap
US$9.1b
Last Updated
2019/10/24 00:12 UTC
Data Sources
Company Financials +
Executive Summary
AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States.
Snowflake
Fundamentals
Fair value with limited growth.
Similar Companies
Share Price & News
How has AGNC Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.7%
AGNC
1.9%
US Mortgage REITs
0.07%
US Market
1 Year Return
-7.1%
AGNC
-1.3%
US Mortgage REITs
8.9%
US Market
Return vs Industry: AGNC underperformed the US Mortgage REITs industry which returned -1.3% over the past year.
Return vs Market: AGNC underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| AGNC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 1.9% | 0.07% |
| 30 Day | 4.4% | 0.6% | -0.3% |
| 90 Day | -3.6% | -0.1% | -1.6% |
| 1 Year | 4.7%-7.1% | 9.9%-1.3% | 11.3%8.9% |
| 3 Year | 17.3%-15.6% | 38.4%-0.08% | 46.3%36.8% |
| 5 Year | 31.8%-26.0% | 57.3%-9.5% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is AGNC Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Do Institutions Own AGNC Investment Corp. (NASDAQ:AGNC) Shares?3 months ago | Simply Wall St
AGNC Investment Corp. (NASDAQ:AGNC) Insiders Increased Their Holdings3 months ago | Simply Wall St
Did Changing Sentiment Drive AGNC Investment's (NASDAQ:AGNC) Share Price Down By 27%?Valuation
Is AGNC Investment undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AGNC ($16.78) is trading below our estimate of fair value ($33.76)
Significantly Below Fair Value: AGNC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AGNC is unprofitable, so we can't compare its PE Ratio to the Mortgage REITs industry average.
PE vs Market: AGNC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AGNC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AGNC is good value based on its PB Ratio (1x) compared to the US Mortgage REITs industry average (1x).
Next Steps
Future Growth
How is AGNC Investment forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
71.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGNC is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AGNC is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AGNC is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AGNC's revenue (54.5% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: AGNC's revenue (54.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AGNC's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has AGNC Investment performed over the past 5 years?
34.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AGNC is unprofitable, but has reduced losses over the past 5 years at a rate of 34.2% per year.
Accelerating Growth: Unable to compare AGNC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AGNC is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (5.2%).
Return on Equity
High ROE: AGNC has a negative Return on Equity (-7.41%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: AGNC is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: AGNC is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is AGNC Investment'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: AGNC has a low level of unsold assets or inventory.
Debt Coverage by Assets: AGNC's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: AGNC's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if AGNC has a sufficient allowance for bad loans.
Low Risk Liabilities: AGNC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AGNC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AGNC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AGNC has an appropriate level of bad loans.
Next Steps
Dividend
What is AGNC Investment's current dividend yield, its reliability and sustainability?
11.44%
Current Dividend Yield
Upcoming Dividend Payment
Purchase AGNC Investment before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AGNC's dividend (11.44%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AGNC's dividend (11.44%) is in the top 25% of dividend payers in the US market (3.68%)
Stable Dividend: AGNC's dividend payments have been volatile in the past 10 years.
Growing Dividend: AGNC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: AGNC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: AGNC's dividends in 3 years are not forecast to be well covered by earnings (93% payout ratio).
Next Steps
Management
What is the CEO of AGNC Investment's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Gary Kain (54yo)
3.6yrs
Tenure
US$14,645,850
Compensation
Mr. Gary D. Kain served as the Chief Executive Officer and Director of MTGE Investment Corp. since March 17, 2016 until May 2, 2018 and its Chief Investment Officer since March 2011 until May 2, 2018. Mr. Â ...
CEO Compensation Analysis
Compensation vs. Market: Gary's total compensation ($USD14.65M) is about average for companies of similar size in the US market ($USD6.88M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.3yrs
Average Tenure
49yo
Average Age
Experienced Management: AGNC's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
60yo
Average Age
Experienced Board: AGNC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO, Chief Investment Officer & Director |
| Shares | 103,202 |
| Max Price | US$17.01 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 11,537 |
| Max Price | US$17.94 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$17.74 |
Ownership Breakdown
Management Team
Peter Federico (53yo)
President & COO
- Tenure: 1.6yrs
- Compensation: US$4.57m
Sean Reid
Senior Vice President of Strategy & Corporate Development
- Tenure: 3.3yrs
Jason Campbell
Head of Asset & Liability Management and Senior Vice President
- Tenure: 3.3yrs
Gary Kain (54yo)
CEO, Chief Investment Officer & Director
- Tenure: 3.6yrs
- Compensation: US$14.65m
Christopher Kuehl (45yo)
Executive Vice President of Agency Portfolio Investments
- Tenure: 7.6yrs
- Compensation: US$3.95m
Bernie Bell (47yo)
Senior VP & CFO
- Tenure: 1.6yrs
- Compensation: US$1.16m
Aaron Pas (38yo)
Senior Vice President of Non-Agency Portfolio Investments
- Tenure: 0yrs
- Compensation: US$1.91m
Kenneth Pollack (51yo)
Senior VP
- Tenure: 3.3yrs
- Compensation: US$1.36m
Katie Wisecarver
Vice President of Investor Relations
- Tenure: 3.3yrs
Chris Erhorn
Senior VP & CTO
- Tenure: 2.5yrs
Board Members
John Fisk (62yo)
Independent Director
- Tenure: 0.08yrs
Donna Blank (58yo)
Independent Director
- Tenure: 0.8yrs
- Compensation: US$8.33k
Frances Spark (60yo)
Independent Director
- Tenure: 0.08yrs
Paul Mullings (68yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: US$225.00k
Morris Davis (47yo)
Independent Director
- Tenure: 11.8yrs
- Compensation: US$250.00k
Gary Kain (54yo)
CEO, Chief Investment Officer & Director
- Tenure: 3.6yrs
- Compensation: US$14.65m
Prue Larocca (67yo)
Chairman & Lead Independent Director
- Tenure: 3.4yrs
- Compensation: US$275.00k
Company Information
AGNC Investment Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: AGNC Investment Corp.
- Ticker: AGNC
- Exchange: NasdaqGS
- Founded: 2008
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$9.077b
- Shares outstanding: 540.92m
- Website: https://www.agnc.com
Number of Employees
Location
- AGNC Investment Corp.
- 2 Bethesda Metro Center
- 12th Floor
- Bethesda
- Maryland
- 20814
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGNC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 2008 |
| 4OQ1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2008 |
| AGNC * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | May 2008 |
| 0H6E | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | May 2008 |
| AGNC.B | NasdaqGS (Nasdaq Global Select) | DEP SHS 1/1000 | US | USD | May 2014 | |
| AGNC.N | NasdaqGS (Nasdaq Global Select) | CUM 1/1000 7% C | US | USD | Aug 2017 | |
| AGNC.M | NasdaqGS (Nasdaq Global Select) | 6.875 DEP REP D | US | USD | Feb 2019 | |
| AGNC.O | NasdaqGS (Nasdaq Global Select) | 6.5% DPRP PFD E | US | USD | Sep 2019 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/24 00:12 |
| End of Day Share Price | 2019/10/23 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.