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AGNC

AGNC InvestmentNasdaqGS:AGNC Stock Report

Last Price

US$14.73

Market Cap

US$7.7b

7D

-3.8%

1Y

-8.7%

Updated

21 Jan, 2022

Data

Company Financials +
AGNC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends4/6

AGNC Stock Overview

AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States.

AGNC Investment Competitors

Annaly Capital Management

NYSE:NLY

US$11.0b

Starwood Property Trust

NYSE:STWD

US$7.4b

Blackstone Mortgage Trust

NYSE:BXMT

US$5.2b

New Residential Investment

NYSE:NRZ

US$4.9b

Price History & Performance

Summary of all time highs, changes and price drops for AGNC Investment
Historical stock prices
Current Share PriceUS$14.73
52 Week HighUS$18.84
52 Week LowUS$14.42
Beta1.01
1 Month Change-3.35%
3 Month Change-11.00%
1 Year Change-8.74%
3 Year Change-18.71%
5 Year Change-22.19%
Change since IPO-23.88%

Recent News & Updates

Jan 21

AGNC Investment: We're Accumulating Despite Interest Rate Uncertainty

AGNC and other companies such as Annaly Capital with similar business models will be under stress in 2022 from uncertainty in interest rates. We plan to continue accumulating AGNC through dividend reinvestment. Even under the worse-case scenarios, barring a complete economic meltdown, AGNC will survive intact.

Jan 15

AGNC Investment Has Become Opportunistically Cheap

Spreads still look strong for AGNC. They are almost fully hedged for a rising rate environment. At a nice discount to book value, AGNC looks attractive here.

Dec 29

AGNC Investment: Dividend Yield And Safety In Focus

With a 9.3% dividend yield, AGNC Investment Corp appears attractive to many income-oriented investors, especially under a low-rate environment. Its dividend coverage is at a very safe and comforting level by payout ratio. However, you should be aware that its dividend yield is far below the historical average and its dividend cushion ratio is also below the historical average. And also be aware of the implications of the Fed tapering and anticipated interest rate raises.

Dec 07

AGNC: Avoid This Mortgage REIT

The Fed is slowing its asset purchases, which will lead to higher interest rates. Higher interest rates are detrimental to AGNC, whose business model is based on cheap debt. AGNC is not an mREIT to consider even at a discounted book value because it is not a consistent dividend payer.

Shareholder Returns

AGNCUS Mortgage REITsUS Market
7D-3.8%-5.6%-6.1%
1Y-8.7%-1.0%4.2%

Return vs Industry: AGNC underperformed the US Mortgage REITs industry which returned 0.9% over the past year.

Return vs Market: AGNC underperformed the US Market which returned 6.6% over the past year.

Price Volatility

Is AGNC's price volatile compared to industry and market?
AGNC volatility
AGNC Average Weekly Movement2.7%
Mortgage REITs Industry Average Movement3.6%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: AGNC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AGNC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200850Peter Federicohttps://www.agnc.com

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 the United States government-sponsored enterprise or by the United States government agency. It funds its investments primarily through collateralized borrowings structured as repurchase agreements.

AGNC Investment Fundamentals Summary

How do AGNC Investment's earnings and revenue compare to its market cap?
AGNC fundamental statistics
Market CapUS$7.73b
Earnings (TTM)US$1.45b
Revenue (TTM)US$1.64b

5.3x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGNC income statement (TTM)
RevenueUS$1.64b
Cost of RevenueUS$0
Gross ProfitUS$1.64b
ExpensesUS$193.00m
EarningsUS$1.45b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 31, 2022

Earnings per share (EPS)2.76
Gross Margin100.00%
Net Profit Margin88.26%
Debt/Equity Ratio438.7%

How did AGNC perform over the long term?

See historical performance and comparison

Dividends

9.8%

Current Dividend Yield

53%

Payout Ratio

Does AGNC pay a reliable dividends?

See AGNC dividend history and benchmarks
When do you need to buy AGNC by to receive an upcoming dividend?
AGNC Investment dividend dates
Ex Dividend DateJan 28 2022
Dividend Pay DateFeb 09 2022
Days until Ex dividend5 days
Days until Dividend pay date17 days

Does AGNC pay a reliable dividends?

See AGNC dividend history and benchmarks

Valuation

Is AGNC Investment undervalued compared to its fair value and its price relative to the market?

36.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGNC ($14.73) is trading below our estimate of fair value ($23.06)

Significantly Below Fair Value: AGNC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGNC is good value based on its PE Ratio (5.3x) compared to the US Mortgage REITs industry average (9.7x).

PE vs Market: AGNC is good value based on its PE Ratio (5.3x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: AGNC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AGNC's PB Ratio (0.8x) is in line with the US Mortgage REITs industry average.


Future Growth

How is AGNC Investment forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGNC's earnings are forecast to decline over the next 3 years (-0.2% per year).

Earnings vs Market: AGNC's earnings are forecast to decline over the next 3 years (-0.2% per year).

High Growth Earnings: AGNC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AGNC's revenue is expected to decline over the next 3 years (-9.9% per year).

High Growth Revenue: AGNC's revenue is forecast to decline over the next 3 years (-9.9% 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 (12.4%).


Past Performance

How has AGNC Investment performed over the past 5 years?

-7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGNC has high quality earnings.

Growing Profit Margin: AGNC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AGNC's earnings have declined by 7.3% per year over the past 5 years.

Accelerating Growth: AGNC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AGNC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (37.8%).


Return on Equity

High ROE: AGNC's Return on Equity (14.5%) is considered low.


Financial Health

How is AGNC Investment's financial position?


Financial Position Analysis

Short Term Liabilities: AGNC's short term assets ($11.7B) do not cover its short term liabilities ($58.0B).

Long Term Liabilities: AGNC's short term assets ($11.7B) exceed its long term liabilities ($134.0M).


Debt to Equity History and Analysis

Debt Level: AGNC's net debt to equity ratio (335.6%) is considered high.

Reducing Debt: AGNC's debt to equity ratio has reduced from 531.8% to 438.7% over the past 5 years.

Debt Coverage: AGNC's debt is not well covered by operating cash flow (3.4%).

Interest Coverage: Insufficient data to determine if AGNC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is AGNC Investment current dividend yield, its reliability and sustainability?

9.78%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 22 2022Ex Dividend DateJan 28 2022Dividend Pay DateFeb 09 202212 days from Ex DividendBuy in the next 5 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AGNC's dividend (9.78%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: AGNC's dividend (9.78%) is in the top 25% of dividend payers in the US market (3.55%)


Stability and Growth of Payments

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: With its reasonable payout ratio (52.9%), AGNC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AGNC's dividends in 3 years are forecast to be covered by earnings (62.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Peter Federico (55 yo)

3.83yrs

Tenure

US$5,486,900

Compensation

Mr. Peter J. Federico is Chief Executive Officer and Director at AGNC Investment Corp. since July 1, 2021 and serves as its President since March 31, 2018. He had been Chief Operating Officer of AGNC Inves...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD5.49M) is about average for companies of similar size in the US market ($USD6.45M).

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


Leadership Team

Experienced Management: AGNC's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: AGNC's board of directors are considered experienced (3.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AGNC Investment Corp.'s 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
  • Implied Market Cap: US$7.732b
  • Shares outstanding: 524.91m
  • Website: https://www.agnc.com

Number of Employees


Location

  • AGNC Investment Corp.
  • 2 Bethesda Metro Center
  • 12th Floor
  • Bethesda
  • Maryland
  • 20814
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:50
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
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.