Financials Federal Agricultural Mortgage Corporation

Equities

AGM

US3131483063

Corporate Financial Services

Market Closed - Nyse 21:00:01 09/05/2024 BST 5-day change 1st Jan Change
178.3 USD -0.41% Intraday chart for Federal Agricultural Mortgage Corporation -7.80% -6.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 884 787.9 1,330 1,196 2,038 1,900 -
Enterprise Value (EV) 1 884 787.9 1,330 1,196 2,038 1,900 1,900
P/E ratio 9.61 x 8.98 x 12.5 x 8.13 x 12.1 x 10.6 x 10.1 x
Yield 3.35% 4.31% 2.84% 3.5% - 3.06% 3.48%
Capitalization / Revenue 4.61 x 3.6 x 5.4 x 4.34 x 5.84 x 5.1 x 4.74 x
EV / Revenue 4.61 x 3.6 x 5.4 x 4.34 x 5.84 x 5.1 x 4.74 x
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.11 x 0.8 x 1.11 x 0.96 x - 1.82 x 1.62 x
Nbr of stocks (in thousands) 10,711 10,736 10,766 10,801 10,841 10,869 -
Reference price 2 83.50 74.25 123.9 112.7 191.2 178.3 178.3
Announcement Date 25/02/20 25/02/21 28/02/22 24/02/23 23/02/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 191.7 218.8 246.4 275.4 349.2 372.6 400.7
EBITDA - - - - - - -
EBIT 1 136.3 149.8 175.2 191.9 251 265.6 280.6
Operating Margin 71.09% 68.47% 71.09% 69.7% 71.87% 71.3% 70.02%
Earnings before Tax (EBT) 1 - - - - 253.1 267.1 279.9
Net income 1 93.65 - 107.6 151 172.8 184.9 194
Net margin 48.85% - 43.66% 54.83% 49.49% 49.62% 48.41%
EPS 2 8.690 8.270 9.920 13.87 15.81 16.86 17.70
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 2.800 3.200 3.520 3.950 - 5.450 6.200
Announcement Date 25/02/20 25/02/21 28/02/22 24/02/23 23/02/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 65.75 62.91 65.96 70.32 76.17 82.89 86.82 89.31 90.18 89.1 91.97 95.03 96.46
EBITDA - - - - - - - - - - - - -
EBIT 1 46.63 41.58 47.45 50.49 52.41 58.43 61.49 65.46 65.59 63.74 65.58 68.15 68.16
Operating Margin 70.92% 66.09% 71.93% 71.8% 68.81% 70.49% 70.83% 73.29% 72.73% 71.53% 71.31% 71.72% 70.66%
Earnings before Tax (EBT) 1 - - - - - 60.15 59.29 73.25 60.41 68.25 65.86 67.15 67.36
Net income 1 29.89 41.05 39.1 34.63 36.63 40.24 40.42 51.34 40.83 46.96 45.24 46.25 46.43
Net margin 45.46% 65.25% 59.28% 49.25% 48.09% 48.55% 46.56% 57.49% 45.27% 52.7% 49.19% 48.67% 48.13%
EPS 2 2.750 3.770 3.600 3.180 3.360 3.690 3.700 4.690 3.730 4.280 4.120 4.215 4.230
Dividend per Share 2 0.8800 0.9500 0.9500 0.9500 1.100 - 1.100 1.100 - - 1.400 1.400 1.400
Announcement Date 28/02/22 09/05/22 08/08/22 07/11/22 24/02/23 09/05/23 07/08/23 06/11/23 23/02/24 06/05/24 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 12.1% 11.2% - - - 17.5% 16.4%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 74.90 92.40 112.0 118.0 - 97.80 110.0
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 25/02/20 25/02/21 28/02/22 24/02/23 23/02/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
178.3 USD
Average target price
222.7 USD
Spread / Average Target
+24.90%
Consensus
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  4. Financials Federal Agricultural Mortgage Corporation