Financial Services - Financial - Credit Services - NYSE - US
$ 162.74
0 %
$ 2.25 B
Market Cap
10.46
P/E
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA.[ Read More ]
The intrinsic value of one AGM-A stock under the base case scenario is HIDDEN Compared to the current market price of 163 USD, Federal Agricultural Mortgage Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart AGM-A
FINANCIALS
714 M
REVENUE
249 M
OPERATING INCOME
200 M
NET INCOME
376 M
OPERATING CASH FLOW
-1.96 B
INVESTING CASH FLOW
1.61 B
FINANCING CASH FLOW
91.5 M
REVENUE
27.6 M
OPERATING INCOME
49.8 M
NET INCOME
-44.4 M
OPERATING CASH FLOW
-266 M
INVESTING CASH FLOW
229 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Federal Agricultural Mortgage Corporation
| Current Assets | 6.21 B |
| Cash & Short-Term Investments | 5.87 B |
| Receivables | 337 M |
| Other Current Assets | 0 |
| Non-Current Assets | 116 M |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 116 M |
| Current Liabilities | 0 |
| Accounts Payable | 259 M |
| Short-Term Debt | 8.09 B |
| Other Current Liabilities | -8.35 B |
| Non-Current Liabilities | 28.1 B |
| Long-Term Debt | 19.6 B |
| Other Non-Current Liabilities | 8.51 B |
EFFICIENCY
Earnings Waterfall
Federal Agricultural Mortgage Corporation
| Revenue | 714 M |
| Cost Of Revenue | 0 |
| Gross Profit | 714 M |
| Operating Expenses | 97.1 M |
| Operating Income | 249 M |
| Other Expenses | 49.5 M |
| Net Income | 200 M |
RATIOS
100.00%
GROSS MARGIN
34.93%
OPERATING MARGIN
28.00%
NET MARGIN
14.17%
ROE
0.68%
ROA
0.68%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Federal Agricultural Mortgage Corporation
| Net Income | 200 M |
| Depreciation & Amortization | -17 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 6.8 M |
| Change in Working Capital | 43.6 M |
| Others | 179 M |
| Free Cash Flow | 376 M |
Wall Street Analysts Price Targets
Federal Agricultural Mortgage Corporation
AGM-A has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.08%
DIVIDEND YIELD
1.4 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Federal Agricultural Mortgage Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
83.1 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
11 months ago
Dec 14, 2023
|
Sell 4.25 K USD
|
Culver Chester J
Director |
- 24
|
177.175 USD |
|
11 months ago
Dec 14, 2023
|
Sell 13.5 K USD
|
Culver Chester J
Director |
- 76
|
177.28 USD |
|
11 months ago
Dec 04, 2023
|
Sell 25.3 K USD
|
Maines Robert J
SVP - Operations |
- 150
|
168.9653 USD |
|
11 months ago
Nov 20, 2023
|
Sell 40 K USD
|
Carpenter Zachary
EVP - Chief Business Officer |
- 238
|
168.0674 USD |
|
1 year ago
Sep 14, 2023
|
Sell 16.5 K USD
|
Culver Chester J
Director |
- 100
|
164.93 USD |
|
1 year ago
Aug 14, 2023
|
Sell 15 K USD
|
Stones Charles A
Director |
- 85
|
176.49 USD |
|
1 year ago
Aug 11, 2023
|
Sell 776 K USD
|
NORDHOLM BRADFORD T
President and CEO |
- 4357
|
178.1455 USD |
|
1 year ago
Aug 11, 2023
|
Sell 337 K USD
|
NORDHOLM BRADFORD T
President and CEO |
- 1879
|
179.305 USD |
|
1 year ago
Aug 11, 2023
|
Sell 227 K USD
|
NORDHOLM BRADFORD T
President and CEO |
- 1264
|
179.7879 USD |
|
1 year ago
Aug 11, 2023
|
Sell 295 K USD
|
Mullery Stephen P
EVP - General Counsel |
- 1655
|
178.2372 USD |
|
1 year ago
Jun 15, 2023
|
Sell 72.5 K USD
|
Carpenter Zachary
EVP - Chief Business Officer |
- 486
|
149.1035 USD |
|
1 year ago
Jun 13, 2023
|
Sell 30.2 K USD
|
BRACK DENNIS L
Director |
- 200
|
150.75 USD |
|
1 year ago
Jun 13, 2023
|
Sell 45.3 K USD
|
BRACK DENNIS L
Director |
- 300
|
151 USD |
|
1 year ago
Jun 09, 2023
|
Sell 44.6 K USD
|
Culver Chester J
Director |
- 300
|
148.54 USD |
|
1 year ago
Jun 12, 2023
|
Sell 159 K USD
|
Brinch Brian M
SVP- Enterprise Risk Officer |
- 1058
|
150.7154 USD |
|
1 year ago
May 19, 2023
|
Sell 122 K USD
|
Willie Kerry T
SVP - Chief HR Officer |
- 870
|
140.0859 USD |
|
1 year ago
May 11, 2023
|
Bought 74.6 K USD
|
Dobrinski Everett M
Director |
+ 582
|
128.255 USD |
|
1 year ago
Mar 15, 2023
|
Bought 250 K USD
|
Sexton Robert G
Director |
+ 2000
|
124.7732 USD |
|
1 year ago
Mar 02, 2023
|
Sell 50.1 K USD
|
Stones Charles A
Director |
- 344
|
145.537 USD |
|
1 year ago
Dec 15, 2022
|
Sell 46 K USD
|
Mullery Stephen P
EVP - General Counsel |
- 400
|
114.885 USD |
|
1 year ago
Dec 02, 2022
|
Sell 57.5 K USD
|
Culver Chester J
Director |
- 461
|
124.626 USD |
|
1 year ago
Nov 23, 2022
|
Sell 25.1 K USD
|
BRACK DENNIS L
Director |
- 200
|
125.52 USD |
|
1 year ago
Nov 23, 2022
|
Sell 25.2 K USD
|
BRACK DENNIS L
Director |
- 200
|
125.75 USD |
|
1 year ago
Nov 23, 2022
|
Sell 25.2 K USD
|
BRACK DENNIS L
Director |
- 200
|
125.95 USD |
|
2 years ago
Nov 16, 2022
|
Sell 12.2 K USD
|
Faivre-Davis Sara Louise
Director |
- 100
|
121.7211 USD |
|
2 years ago
Nov 16, 2022
|
Sell 61 K USD
|
Faivre-Davis Sara Louise
Director |
- 500
|
122.005 USD |
|
3 years ago
May 17, 2021
|
Sell 62.1 K USD
|
BRACK DENNIS L
Director |
- 600
|
103.4798 USD |
|
3 years ago
Feb 19, 2021
|
Sell 238 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 2824
|
84.11 USD |
|
3 years ago
Feb 19, 2021
|
Sell 33.2 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 400
|
83.04 USD |
|
3 years ago
Feb 19, 2021
|
Sell 146 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 1776
|
82.08 USD |
|
3 years ago
Feb 19, 2021
|
Sell 842 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 10000
|
84.23 USD |
|
3 years ago
Dec 21, 2020
|
Sell 395 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 5469
|
72.25 USD |
|
3 years ago
Dec 21, 2020
|
Sell 325 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 4531
|
71.64 USD |
|
3 years ago
Dec 21, 2020
|
Sell 427 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 5910
|
72.27 USD |
|
3 years ago
Dec 21, 2020
|
Sell 294 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 4090
|
71.88 USD |
|
3 years ago
Dec 04, 2020
|
Sell 809 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 11448
|
70.63 USD |
|
3 years ago
Dec 04, 2020
|
Sell 715 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 10000
|
71.53 USD |
|
4 years ago
Nov 11, 2020
|
Sell 163 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 2357
|
69.35 USD |
|
4 years ago
Nov 11, 2020
|
Sell 378 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 5506
|
68.59 USD |
|
4 years ago
Nov 11, 2020
|
Sell 145 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 2137
|
67.63 USD |
|
4 years ago
Nov 11, 2020
|
Sell 122 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 1821
|
66.89 USD |
|
4 years ago
Nov 11, 2020
|
Sell 542 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 8179
|
66.21 USD |
|
4 years ago
Sep 02, 2020
|
Sell 355 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 5000
|
71.02 USD |
|
4 years ago
Sep 02, 2020
|
Sell 75.6 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 1040
|
72.68 USD |
|
4 years ago
Aug 26, 2020
|
Sell 74.9 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 1098
|
68.18 USD |
|
4 years ago
Aug 26, 2020
|
Sell 90.9 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 1320
|
68.85 USD |
|
4 years ago
Aug 26, 2020
|
Sell 251 K USD
|
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
Director |
- 3680
|
68.33 USD |
|
4 years ago
May 14, 2020
|
Bought 99.3 K USD
|
Dobrinski Everett M
Director |
+ 1850
|
53.7 USD |
|
8 years ago
Jun 01, 2016
|
Sell 18 K USD
|
Faivre-Davis Sara Louise
Director |
- 500
|
36.0908 USD |
|
5 years ago
Feb 22, 2019
|
Sell 75 K USD
|
Culver Chester J
Director |
- 1000
|
75 USD |
|
7 years ago
Dec 05, 2016
|
Sell 5.37 K USD
|
Everson Dennis A
Director |
- 100
|
53.68 USD |
|
7 years ago
Nov 23, 2016
|
Sell 26.2 K USD
|
Covington John Curtis
SVP - Agricultural Finance |
- 500
|
52.46 USD |
|
8 years ago
Aug 09, 2016
|
Sell 120 K USD
|
JUNKINS LOWELL
Director |
- 3000
|
39.95 USD |
7. News
Farmer Mac: All Models Point To Undervaluation
Despite negative EPS revisions and near-term declines in momentum, Farmer Mac has maintained impressive growth and profitability metrics. My fair value estimates suggest the stock is undervalued by 20%-40%, with potential upside driven by favorable macroeconomic trends and government policies. A solid dividend track record with a double-digit CAGR over the past five years makes it a compelling option for dividend growth investors.
seekingalpha.com
- 1 month ago
Farmer Mac to Announce Second Quarter 2024 Financial Results
WASHINGTON , July 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2024, on Monday, August 5, 2024, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.
prnewswire.com
- 3 months ago
Farmer Mac to Redeem Outstanding Series C Preferred Stock
WASHINGTON , June 17, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.PRC) has announced that it intends to provide notice to the holders of its 6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C (the "Series C Preferred Stock") of the redemption of all of its outstanding 3,000,000 shares of Series C Preferred Stock. Farmer Mac will redeem the Series C Preferred Stock for a redemption price of $25.00 per share, plus any declared and unpaid dividends through and including the redemption date.
prnewswire.com
- 5 months ago
Federal Agricultural Mortgage: Stable Earnings Stream With Above-Average Growth Prospects
Federal Agricultural Mortgage stock has increased by 117% since 2019, with earnings up 90%. The company has demonstrated outstanding performance in managing credit risk, interest rate risk, and leverage risk. Farmer Mac has a strong competitive advantage as a government-sponsored enterprise, with a moat that provides lower debt costs than even the best peers.
seekingalpha.com
- 5 months ago
Farmer Mac to Announce First Quarter 2024 Financial Results
WASHINGTON , April 22, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended March 31, 2024, on Monday, May 6, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m.
prnewswire.com
- 6 months ago
Farmer Mac: Ultra Safe Dividend Growth With Double Digit Upside Potential
Federal Agricultural Mortgage Corporation has seen a 17% return since initial coverage, surpassing the S&P 500's return. AGM recently raised its dividend by 27%. Over the last decade, the dividend has increased at a CAGR in the double digits. AGM operates in agricultural financing and rural infrastructure finance. Both of these segments saw YoY growth to fuel earnings.
seekingalpha.com
- 6 months ago
Farmer Mac Closes $308.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)
WASHINGTON , April 2, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $308.1 million securitization of agricultural mortgage loans. This is Farmer Mac's fourth transaction in the FARM series since 2021.
prnewswire.com
- 7 months ago
Farmer Mac to Announce Fourth Quarter and Full Year 2023 Financial Results
WASHINGTON , Feb. 9, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2023, on Friday, February 23, 2024, before the opening of equity markets.
prnewswire.com
- 9 months ago
Farmer Mac: An Academic's Case For Higher Value
Farmer Mac is a safe earnings growth machine, with a 79% increase in operating EPS over four years. Despite its low P/E ratio, Farmer Mac is valued higher than top-notch companies like Toll Brothers and Apple according to the dividend discount model. Why? Because. I estimate that Farmer Mac's "normal" dividend for DDM valuation purposes is around $10 per share.
seekingalpha.com
- 11 months ago
Farmer Mac: A Lot To Like About It
Federal Agricultural Mortgage Corporation (Farmer Mac) provides loans to farmers, agriculture-related businesses, and rural infrastructure projects, backed by the Federal Government. The company has a strong dividend growth history and even though it currently yields less than bonds, its stock has outperformed the bond market significantly in the past 10 years. Farmer Mac benefits from the increasing usage of advanced technology in the agricultural industry and the growth of renewable energy generation on farmland.
seekingalpha.com
- 1 year ago
Farmer Mac to Announce Third Quarter 2023 Financial Results
WASHINGTON , Oct. 23, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2023, on Monday, November 6, 2023, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.
prnewswire.com
- 1 year ago
Farmer Mac: This 'Hold Forever' Stock Keeps Purring
Farmer Mac has generated a total return of 131% over the past four years, double the S&P 500 return. Q2 earnings for Farmer Mac increased by 24% compared to the previous year, with stable interest margins and strong credit quality. The company has growth opportunities in renewable energy, a competitive advantage to drive market share growth, and excess capital that can be used for dividend growth.
seekingalpha.com
- 1 year ago
8. Profile Summary
Federal Agricultural Mortgage Corporation AGM-A
COUNTRY
US
INDUSTRY
Financial - Credit Services
MARKET CAP
$ 2.25 B
Dividend Yield
1.08%
Description
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.
Contact
1999 K Street, NW, Washington, DC, 20006
https://www.farmermac.com
IPO Date
Dec. 13, 1993
Employees
185
Officers
Mr. Zachary N. Carpenter
Executive Vice President & Chief Business Officer
Michelle Nichols
Senior Director of Governance, Risk & Compliance
Mr. Stephen P. Mullery
Executive Vice President, General Counsel & Corporate Secretary
Ms. Aparna Ramesh
Executive Vice President, Chief Financial Officer & Treasurer
Ms. Jalpa Nazareth
Senior Director of Investor Relations & Finance Strategy
Mr. Bradford Todd Nordholm
President & Chief Executive Officer
Mr. Marc J. Crady
Senior Vice President & Chief Credit Officer
Mr. Robert J. Maines
Senior Vice President of Operations
Mr. Sean T. Datcher
Senior Vice President & Chief Information Officer
Mr. Gregory N. Ramsey
Vice President, Principal Accounting Officer & Chief Accounting Officer