0.53%
1.25%
8.81%
-3.30%
7.05%
63.73%
161.36%
AI Spotlight on AGM
Company 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.
Market Data
| Last Price | 199.42 |
| Change Percentage | 0.53% |
| Open | 200.09 |
| Previous Close | 198.37 |
| Market Cap ( Millions) | 2125 |
| Volume | 28730 |
| Year High | 217.6 |
| Year Low | 169.17 |
| M A 50 | 201.75 |
| M A 200 | 190.36 |
Financial Ratios
| FCF Yield | 3.43% |
| Dividend Yield | 2.81% |
| ROE | 13.55% |
| Debt / Equity | 1855.20% |
| Net Debt / EBIDTA | 13444.86% |
| Price To Book | 1.48 |
| Price Earnings Ratio | 10.94 |
| Price To FCF | 29.12 |
| Price To sales | 3.55 |
| EV / EBITDA | 145.32 |
News
- Jan -23 - Federal Agricultural Mortgage Corp.: I'm Buying The 6.4% Yielding Preferred Stock
- Nov -26 - Farmer Mac Closes $318.8 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)
- Nov -06 - Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
- Nov -05 - Federal Agricultural Mortgage Corporation (AGM) Q3 2024 Earnings Call Transcript
- Nov -04 - Federal Agricultural Mortgage (AGM) Q3 Earnings and Revenues Miss Estimates
- Sep -26 - Farmer Mac: All Models Point To Undervaluation
- Aug -07 - Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
- Aug -06 - Federal Agricultural Mortgage Corporation (AGM) Q2 2024 Earnings Call Transcript
- Aug -05 - Federal Agricultural Mortgage (AGM) Q2 Earnings and Revenues Miss Estimates
- Jul -22 - Farmer Mac to Announce Second Quarter 2024 Financial Results
- Jul -16 - 2 Preferred Stocks To Buy And Hold Forever
- Jul -12 - dfcu announces dividend payout to its stakeholders
- Jun -21 - Farmer Mac Wins Washington Post Top Workplaces Award
- Jun -17 - Farmer Mac to Redeem Outstanding Series C Preferred Stock
- May -28 - Federal Agricultural Mortgage: Stable Earnings Stream With Above-Average Growth Prospects
- May -15 - Farmer Mac Declares Quarterly Dividends, Announces Intent to Redeem Series C Preferred Stock
- May -06 - Federal Agricultural Mortgage Corporation (AGM) Q1 2024 Earnings Call Transcript
- May -06 - Federal Agricultural Mortgage (AGM) Q1 Earnings and Revenues Beat Estimates
- Apr -28 - Stick It to Sticky Inflation With These 3 Moneymaking Stocks
- Apr -22 - Farmer Mac to Announce First Quarter 2024 Financial Results
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Farm & Ranch
Expected Growth : 5.5 %
What the company do ?
Farm & Ranch from Federal Agricultural Mortgage Corporation provides financing for agricultural properties, including farms, ranches, and timberlands, to support rural communities and agriculture.
Why we expect these perspectives ?
The 5.5% growth in Farm & Ranch segment of Federal Agricultural Mortgage Corporation is driven by increasing demand for agricultural loans, favorable interest rates, and government support for rural development. Additionally, rising farm incomes, expanding agricultural exports, and growing demand for sustainable farming practices contribute to the segment's growth.
Segment n°2 -> Funding
Expected Growth : 5.8 %
What the company do ?
The Federal Agricultural Mortgage Corporation provides funding to farmers, ranchers, and rural homeowners through loans and guarantees, supporting rural development and agriculture.
Why we expect these perspectives ?
The 5.8% growth in funding from Federal Agricultural Mortgage Corporation is driven by increasing demand for agricultural loans, government support for rural development, and low interest rates. Additionally, the corporation's expansion into new markets and improved operational efficiency have contributed to its growth.
Segment n°3 -> Corporate AgFinance
Expected Growth : 5.2 %
What the company do ?
Corporate AgFinance is a lending segment of Farmer Mac, providing financing for agricultural and rural infrastructure projects, supporting rural America's growth and development.
Why we expect these perspectives ?
The 5.2% growth in Corporate AgFinance from Federal Agricultural Mortgage Corporation is driven by increasing demand for agricultural loans, favorable interest rates, and government support for rural development. Additionally, the corporation's diversified portfolio and strong risk management practices have contributed to its growth. Furthermore, the growing need for agricultural infrastructure and technology advancements have also fueled the segment's expansion.
Segment n°4 -> Rural Utilities
Expected Growth : 4.8 %
What the company do ?
Rural Utilities from Federal Agricultural Mortgage Corporation provides financing for rural electric and telecommunications utilities, supporting rural development and infrastructure.
Why we expect these perspectives ?
The 4.8% growth in Rural Utilities from Federal Agricultural Mortgage Corporation is driven by increasing demand for rural infrastructure development, government initiatives to enhance rural electrification, and rising investments in renewable energy sources. Additionally, the corporation's diversified loan portfolio and favorable interest rate environment contribute to its growth.
Segment n°5 -> Renewable Energy
Expected Growth : 7.0 %
What the company do ?
The Federal Agricultural Mortgage Corporation's Renewable Energy program provides financing for renewable energy projects, such as wind, solar, and biomass, to promote rural development and reduce greenhouse gas emissions.
Why we expect these perspectives ?
Federal Agricultural Mortgage Corporation's 7.0% growth in Renewable Energy is driven by increasing demand for clean energy, government incentives, and declining technology costs. Additionally, the corporation's focus on rural areas and agricultural communities, where renewable energy can provide economic benefits, contributes to its growth. Furthermore, the corporation's access to low-cost capital and its expertise in agricultural lending also support its expansion in the renewable energy sector.
Segment n°6 -> Reconciling Items
Expected Growth : 4.5 %
What the company do ?
Reconciling Items from Federal Agricultural Mortgage Corporation refers to the process of resolving discrepancies between Farmers Home Administration (FmHA) and Federal Agricultural Mortgage Corporation (Farmer Mac) records, ensuring accurate accounting and financial reporting.
Why we expect these perspectives ?
The 4.5% growth of Federal Agricultural Mortgage Corporation is driven by increasing demand for agricultural loans, expansion of rural lending programs, and favorable interest rates. Additionally, the corporation's diversified portfolio and strong risk management practices have contributed to its growth. Furthermore, government support for agricultural development and increasing investments in rural infrastructure have also boosted the corporation's growth.
Segment n°7 -> Investments
Expected Growth : 5.0 %
What the company do ?
Investments from Federal Agricultural Mortgage Corporation refer to the financing and credit services provided to farmers, ranchers, and rural communities to support agricultural development.
Why we expect these perspectives ?
The 5.0% growth in investments from Federal Agricultural Mortgage Corporation is driven by increasing demand for agricultural loans, government support for rural development, and a growing need for farm credit. Additionally, the corporation's diversified loan portfolio and risk management strategies have contributed to its stable financial performance, attracting more investors and fueling growth.
Segment n°8 -> Corporate
Expected Growth : 4.2 %
What the company do ?
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a US government-sponsored enterprise that provides a secondary market for agricultural mortgages.
Why we expect these perspectives ?
Federal Agricultural Mortgage Corporation's 4.2% growth is driven by increasing demand for agricultural loans, government support for farmers, and a strong rural economy. Additionally, the corporation's diversified loan portfolio and effective risk management strategies have contributed to its growth. Furthermore, the low-interest-rate environment has also boosted loan demand, supporting the corporation's expansion.
Federal Agricultural Mortgage Corporation Products
| Product Range | What is it ? |
|---|---|
| Farmer Mac MBS | Mortgage-backed securities (MBS) guaranteed by Farmer Mac, providing liquidity to agricultural lenders and investors |
| AgVantage | Agricultural loan purchase program for rural utilities and lenders, providing financing for agricultural and rural development |
| Rural 1st | Agricultural mortgage loan program for rural homeowners, providing financing for rural housing and property development |
| Farm & Ranch | Agricultural loan program for farmers and ranchers, providing financing for agricultural operations and land acquisition |
| Timber | Timberland loan program for timberland owners, providing financing for timberland acquisition and management |
Federal Agricultural Mortgage Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes is low for Federal Agricultural Mortgage Corporation as the company operates in a niche market with limited alternatives.
Bargaining Power Of Customers
The bargaining power of customers is medium as Federal Agricultural Mortgage Corporation has a diverse customer base, but some customers may have significant bargaining power due to their size and volume of business.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low as Federal Agricultural Mortgage Corporation has a diverse supplier base and is not heavily dependent on any single supplier.
Threat Of New Entrants
The threat of new entrants is low as Federal Agricultural Mortgage Corporation operates in a highly regulated industry with significant barriers to entry.
Intensity Of Rivalry
The intensity of rivalry is medium as Federal Agricultural Mortgage Corporation operates in a competitive market, but has a strong market position and competitive advantages.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 95.19% |
| Debt Cost | 4.82% |
| Equity Weight | 4.81% |
| Equity Cost | 9.41% |
| WACC | 5.04% |
| Leverage | 1978.81% |
Federal Agricultural Mortgage Corporation : Quality Control
Federal Agricultural Mortgage Corporation passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
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| NAVI | Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through … |
| MFIN | Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and … |
| RWAY | Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the … |
| BBDC | Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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