A Business at a Glance
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FEDERAL AGRICULTURAL MORTGAGE CORP
AGM
$2.3B
Mkt Cap
$209.51
+1.97%
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a current P/E ratio of 12.6, compared to its historical median P/E of 8.5. The stock is currently considered Expensive based on its historical valuation range.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a 5-year average return on invested capital (ROIC) of 0.9%. This is below average and may indicate limited pricing power.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Yes, FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) pays a dividend with a trailing twelve-month yield of 4.01%. The company also returns capital through share buybacks, with a buyback yield of 0.56%.
Based on historical P/E analysis, FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) appears expensive. The current P/E of 12.6 is 48% above its historical median of 8.5. The estimated fair value CAGR (P/E method) is 13.3%.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) operates in the Federal & Federally-Sponsored Credit Agencies industry, within the Financials sector.
Farmer Mac is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. Congress has charged Farmer Mac with the mission of providing a secondary market for a variety of loans made to borrowers in rural America. A secondary market is an economic arrangement in which the owners of financial assets, such as the originators of loans, may sell all or part of those assets or pay a fee to offset some or all of the inherent risks of holding the assets.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 423M | 408M | 375M | 351M | 310M | 245M |
| Net Income | 190M | 182M | 180M | 173M | 151M | 111M |
| EPS | $17.36 | $16.62 | $16.44 | $15.81 | $13.87 | $10.27 |
| Free Cash Flow | 0 | 80M | 607M | 376M | 809M | 436M |
| ROIC | 0.8% | 0.9% | 0.9% | 0.9% | 0.9% | 0.8% |
| Gross Margin | - | 82.5% | 82.9% | - | - | - |
| Debt/Equity | 19.67 | 18.80 | 58.60 | 53.74 | 60.91 | 69.10 |
| Dividends/Share | $8.39 | $8.11 | $7.84 | $6.84 | $6.26 | $5.65 |
| Operating Income | 2.5M | 256M | 258M | 253M | 226M | 172M |
| Operating Margin | 0.6% | 62.6% | 68.8% | 72.1% | 72.9% | 70.4% |
| ROE | 11.1% | 11.4% | 12.4% | 12.9% | 12.1% | 10.1% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 11M | 11M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 104M | 146M | 161M | 175M | 186M | 194M | 214M | 245M | 310M | 351M | 375M | 408M | 423M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 82.9% | 82.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 12M | 13M | 15M | 16M | 20M | 20M | 22M | 28M | 30M | 35M | 38M | 45M | 45M |
| EBIT | 73M | 108M | 119M | 131M | 136M | 139M | 145M | 172M | 226M | 253M | 258M | 256M | 2.5M |
| Op. Margin | 70.5% | 74.1% | 74.3% | 74.6% | 73.1% | 71.4% | 67.6% | 70.4% | 72.9% | 72.1% | 68.8% | 62.6% | 0.6% |
| Net Income | 38M | 47M | 64M | 71M | 95M | 94M | 95M | 111M | 151M | 173M | 180M | 182M | 190M |
| Net Margin | 36.9% | 32.5% | 39.9% | 40.7% | 51.0% | 48.3% | 44.4% | 45.5% | 48.8% | 49.2% | 48.1% | 44.7% | 45.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 0.7% | 0.8% | 1.1% | 1.0% | 1.1% | 1.0% | 0.9% | 0.8% | 0.9% | 0.9% | 0.9% | 0.9% | 0.8% |
| ROE | 8.7% | 8.6% | 10.7% | 10.6% | 13.0% | 12.1% | 10.6% | 10.1% | 12.1% | 12.9% | 12.4% | 11.4% | 11.1% |
| ROA | 0.3% | 0.3% | 0.4% | 0.4% | 0.5% | 0.5% | 0.4% | 0.5% | 0.6% | 0.6% | 0.6% | 0.5% | 0.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 155M | 185M | 213M | 175M | 200M | -20M | -95M | 436M | 809M | 376M | 613M | 80M | 222M |
| Free Cash Flow | 155M | 185M | 213M | 175M | 200M | -20M | -95M | 436M | 809M | 376M | 607M | 80M | 0 |
| Owner Earnings | 152M | 182M | 209M | 172M | 198M | -22M | -99M | 432M | 805M | 369M | 605M | 72M | 214M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.3M | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.9% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 14M | 20M | 24M | 28M | 38M | 44M | 51M | 61M | 68M | 75M | 86M | 89M | 92M |
| Dividend Yield | 5.5% | 8.5% | 7.8% | 5.4% | 5.7% | 6.6% | 8.5% | 6.4% | 6.3% | 5.0% | 4.4% | 4.5% | 4.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 235K | 0 | 0 | 0 | 0 | 13M | 13M |
| Buyback Yield | N/A | 4.0% | 2.0% | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.7% | 0.6% |
| Stock-Based Comp | 2.9M | 3.3M | 3.3M | 2.7M | 2.5M | 2.3M | 4.1M | 4.3M | 4.6M | 6.8M | 8.1M | 8.3M | 7.8M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 8.0B | 10.4B | 10.6B | 5.2B | 7.9B | 8.1B | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 13.1B | 14.7B | 15.6B | 19.0B | 20.2B | 28.5B | 89.3B | 83.0B | 76.6B | 75.0B | 86.2B | 31.4B | 33.0B |
| Cash & Equiv. | 1.4B | 1.2B | 265M | 302M | 425M | 604M | 1.0B | 909M | 861M | 889M | 1.0B | 931M | 774M |
| Long-Term Debt | 5.5B | 5.0B | 5.2B | 7.4B | 8.5B | 9.1B | 11.0B | 15.8B | 17.0B | 18.5B | 17.1B | 19.5B | 20.8B |
| Debt/Equity | 26.56 | 28.82 | 24.59 | 27.29 | 27.36 | 36.43 | 90.53 | 69.10 | 60.91 | 53.74 | 58.60 | 18.80 | 19.67 |
| Interest Coverage | 0.4 | 0.8 | 0.7 | 0.5 | 0.4 | 0.3 | 0.5 | 0.8 | 0.5 | 0.2 | 0.2 | 0.2 | 0.0 |
| Equity | 546M | 554M | 643M | 708M | 753M | 799M | 998M | 1.2B | 1.3B | 1.4B | 1.5B | 1.7B | 1.7B |
| Total Assets | 14.3B | 15.5B | 15.6B | 17.8B | 18.7B | 21.7B | 24.3B | 25.1B | 27.3B | 29.5B | 31.3B | 35.4B | 36.7B |
| Total Liabilities | 13.5B | 15.0B | 15.0B | 17.1B | 17.9B | 20.9B | 23.3B | 23.9B | 26.1B | 28.1B | 29.8B | 33.7B | 35.0B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 201M | 231M | 276M | 323M | 393M | 457M | 510M | 589M | 699M | 824M | 943M | 1.0B | 1.1B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 3.37 | 4.19 | 5.97 | 6.60 | 8.83 | 8.69 | 8.80 | 10.27 | 13.87 | 15.81 | 16.44 | 16.62 | 17.36 |
| Owner EPS | 13.41 | 16.07 | 19.48 | 15.95 | 18.38 | -2.04 | -9.15 | 39.83 | 73.92 | 33.75 | 55.09 | 6.53 | 19.60 |
| Book Value | 48.09 | 48.96 | 59.88 | 65.55 | 70.02 | 74.14 | 92.53 | 111.88 | 116.85 | 129.15 | 135.68 | 156.55 | 157.21 |
| Cash Flow/Share | 13.66 | 16.35 | 19.79 | 16.20 | 18.61 | -1.83 | -8.77 | 40.23 | 74.35 | 34.38 | 55.82 | 7.29 | 17.43 |
| Dividends/Share | 1.23 | 1.79 | 2.24 | 2.63 | 3.53 | 4.07 | 4.70 | 5.65 | 6.26 | 6.84 | 7.84 | 8.11 | 8.39 |
| Shares Out. | 11.4M | 11.3M | 10.7M | 10.8M | 10.7M | 10.8M | 10.8M | 10.8M | 10.9M | 10.9M | 11.0M | 11.0M | 10.9M |
| Valuation | |||||||||||||
| P/E Ratio | 6.0 | 5.5 | 7.3 | 9.1 | 5.4 | 7.9 | 7.7 | 10.6 | 7.3 | 11.5 | 11.6 | 10.7 | 12.1 |
| P/FCF | 1.5 | 1.4 | 2.2 | 3.7 | 2.6 | N/A | N/A | 2.7 | 1.4 | 5.3 | 3.5 | 24.4 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.4 | 0.5 | 0.7 | 0.9 | 0.7 | 0.9 | 0.7 | 1.0 | 0.9 | 1.4 | 1.4 | 1.1 | 1.3 |
| Price/Sales | 2.4 | 1.6 | 1.9 | 3.0 | 3.6 | 3.4 | 2.9 | 3.9 | 3.5 | 4.3 | 5.3 | 4.8 | 5.4 |
| FCF Yield | 67.0% | 70.9% | 45.7% | 26.9% | 38.9% | -2.7% | -13.8% | 36.8% | 73.1% | 19.0% | 29.0% | 4.1% | N/A |
| Market Cap | 231M | 261M | 465M | 651M | 515M | 737M | 686M | 1.2B | 1.1B | 2.0B | 2.1B | 1.9B | 2.3B |
| Avg. Price | 22.23 | 21.06 | 28.80 | 48.78 | 61.97 | 61.30 | 55.52 | 88.39 | 99.99 | 136.88 | 180.02 | 180.32 | 209.51 |
| Year-End Price | 20.37 | 23.06 | 43.31 | 60.23 | 47.89 | 68.43 | 63.64 | 109.21 | 101.68 | 181.23 | 191.05 | 177.59 | 209.51 |
FEDERAL AGRICULTURAL MORTGAGE CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
FEDERAL AGRICULTURAL MORTGAGE CORP trades at 12.6x trailing earnings, compared to its 15-year median P/E of 8.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 2.7x vs a median of 3.1x. The company's 5-year average ROIC is 0.9% with a gross margin of 82.7%. Total shareholder yield (dividends + buybacks) is 4.6%. At current prices, the estimated annualized return to fair value is +78.7%.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) reported annual revenue of $408 million in its most recent fiscal year, based on SEC EDGAR filings.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a net profit margin of 44.7%. This is a strong margin indicating high profitability.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) generated $80 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a debt-to-equity ratio of 18.80. This indicates higher leverage, which may increase financial risk.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) reported earnings per share (EPS) of $16.62 in its most recent fiscal year.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a return on equity (ROE) of 11.4%. This indicates moderate shareholder returns.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a 5-year average gross margin of 82.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) has a book value per share of $156.55, based on its most recent annual SEC filing.
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