Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. VP of Life Insurance and Memorial Services & Director Adam Quist was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
Security National Financial Corporation, Annual General Meeting, Jun 26, 2026 Security National Financial Corporation, Annual General Meeting, Jun 26, 2026. Location: 433 ascension way, 1st floor, utah 84123, salt lake city United States Announcement • May 01
Security National Financial Corporation, Annual General Meeting, Jun 27, 2025 Security National Financial Corporation, Annual General Meeting, Jun 27, 2025. Location: 433 ascension way, 1st floor, utah 84123, salt lake city United States Reported Earnings • May 15
First quarter 2024 earnings released: EPS: US$0.34 (vs US$0.056 in 1Q 2023) First quarter 2024 results: EPS: US$0.34 (up from US$0.056 in 1Q 2023). Revenue: US$81.2m (up 2.1% from 1Q 2023). Net income: US$7.47m (up US$6.23m from 1Q 2023). Profit margin: 9.2% (up from 1.6% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 21
Security National Financial Corporation, Annual General Meeting, Jun 21, 2024 Security National Financial Corporation, Annual General Meeting, Jun 21, 2024, at 10:00 Mountain Daylight. Location: 433 Ascension Way, 1st Floor, Salt Lake City Utah United States Agenda: To consider election of directors; to ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accountants for the fiscal year ending December 31, 2024; and to consider other matters. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: US$0.66 (vs US$1.16 in FY 2022) Full year 2023 results: EPS: US$0.66 (down from US$1.16 in FY 2022). Revenue: US$318.5m (down 18% from FY 2022). Net income: US$14.5m (down 44% from FY 2022). Profit margin: 4.6% (down from 6.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. VP of Memorial Services, Assistant Secretary, General Counsel & Director Adam Quist was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Dec 14
Insider recently sold US$134k worth of stock On the 11th of December, Jeffrey Stephens sold around 15k shares on-market at roughly US$8.90 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$177k more than they bought in the last 12 months. Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: US$0.18 (vs US$0.11 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.18 (up from US$0.11 loss in 3Q 2022). Revenue: US$80.2m (down 3.9% from 3Q 2022). Net income: US$4.04m (up US$6.39m from 3Q 2022). Profit margin: 5.0% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: US$0.29 (vs US$0.16 in 2Q 2022) Second quarter 2023 results: EPS: US$0.29 (up from US$0.16 in 2Q 2022). Revenue: US$83.8m (down 12% from 2Q 2022). Net income: US$6.35m (up 78% from 2Q 2022). Profit margin: 7.6% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: US$0.059 (vs US$0.15 in 1Q 2022) First quarter 2023 results: EPS: US$0.059 (down from US$0.15 in 1Q 2022). Revenue: US$79.5m (down 22% from 1Q 2022). Net income: US$1.24m (down 62% from 1Q 2022). Profit margin: 1.6% (down from 3.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: US$1.22 (vs US$1.87 in FY 2021) Full year 2022 results: EPS: US$1.22 (down from US$1.87 in FY 2021). Revenue: US$389.7m (down 17% from FY 2021). Net income: US$25.7m (down 35% from FY 2021). Profit margin: 6.6% (down from 8.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 21% share price gain to US$7.57, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 11x in the Mortgage industry in the US. Total returns to shareholders of 53% over the past three years. Reported Earnings • Nov 17
Third quarter 2022 earnings released: US$0.11 loss per share (vs US$0.51 profit in 3Q 2021) Third quarter 2022 results: US$0.11 loss per share (down from US$0.51 profit in 3Q 2021). Revenue: US$83.5m (down 30% from 3Q 2021). Net loss: US$2.35m (down 122% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to US$7.13, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 11x in the Mortgage industry in the US. Total returns to shareholders of 63% over the past three years. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: US$0.083 (vs US$0.53 in 2Q 2021) Second quarter 2022 results: EPS: US$0.083 (down from US$0.53 in 2Q 2021). Revenue: US$95.6m (down 18% from 2Q 2021). Net income: US$3.57m (down 68% from 2Q 2021). Profit margin: 3.7% (down from 9.6% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: US$0.078 (down from US$0.60 in 1Q 2021). Revenue: US$102.4m (down 17% from 1Q 2021). Net income: US$3.23m (down 73% from 1Q 2021). Profit margin: 3.2% (down from 9.9% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$1.96 (down from US$2.81 in FY 2020). Revenue: US$470.7m (down 2.2% from FY 2020). Net income: US$39.5m (down 29% from FY 2020). Profit margin: 8.4% (down from 12% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$119.5m (down 18% from 3Q 2020). Net income: US$10.8m (down 63% from 3Q 2020). Profit margin: 9.0% (down from 20% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Director John Cook was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 19
First quarter 2021 earnings released: EPS US$0.63 (vs US$0.076 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$122.7m (up 54% from 1Q 2020). Net income: US$12.1m (up US$10.7m from 1Q 2020). Profit margin: 9.9% (up from 1.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS US$2.95 (vs US$0.59 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$481.5m (up 70% from FY 2019). Net income: US$55.6m (up 410% from FY 2019). Profit margin: 12% (up from 3.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Is New 90 Day High Low • Mar 09
New 90-day high: US$9.81 The company is up 13% from its price of US$8.66 on 08 December 2020. The American market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Mortgage industry, which is up 19% over the same period. Recent Insider Transactions • Jan 30
Lead Independent Director recently sold US$108k worth of stock On the 22nd of January, Howard Moody sold around 12k shares on-market at roughly US$9.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$183k more than they bought in the last 12 months. Is New 90 Day High Low • Jan 07
New 90-day high: US$9.48 The company is up 39% from its price of US$6.83 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: US$8.21 The company is up 30% from its price of US$6.33 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 19% share price gain to US$8.10, the stock is trading at a trailing P/E ratio of 2.9x, up from the previous P/E ratio of 2.4x. This compares to an average P/E of 12x in the Mortgage industry in the US. Total returns to shareholders over the past three years are 88%. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS US$1.55 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$146.2m (up 94% from 3Q 2019). Net income: US$29.3m (up US$25.7m from 3Q 2019). Profit margin: 20% (up from 4.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 15% share price gain to US$7.80, the stock is trading at a trailing P/E ratio of 5.3x, up from the previous P/E ratio of 4.6x. This compares to an average P/E of 12x in the Mortgage industry in the US. Total returns to shareholders over the past three years are 78%. Is New 90 Day High Low • Nov 14
New 90-day high: US$7.53 The company is up 8.0% from its price of US$6.98 on 14 August 2020. The American market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 10
New 90-day high: US$7.20 The company is up 17% from its price of US$6.14 on 10 July 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is down 9.0% over the same period.