A Business at a Glance
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Finance of America Companies Inc. Finance of America Companies Inc. (“FOA”) is a financial services holding company which, through its operating subsidiaries, is a leading provider of home equity-based financing solutions for a modern retirement. In addition, FOA offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors. FOA was incorporated in Delaware on October 9, 2020 and became a publicly-traded company on the NYSE in April 2021, with trading beginning on April 5, 2021 under the ticker symbol “FOA.” FOA has a controlling financial interest in FOA Equity. FOA Equity owns all of the outstanding equity interests in Finance of America Funding LLC (“FOAF”). FOAF wholly owns Finance of America Holdings LLC (“FAH”) and Incenter LLC (“Incenter” and collectively, with FOA Equity, FOAF, and FAH, known as “holding company subsidiaries”).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Revenue | 318M | 338M | 234M | - | 1.8B |
| Net Income | -3.5M | 15M | -80M | -191M | 518M |
| EPS | $-1.21 | $1.18 | $-9.77 | $-31.20 | $85.24 |
| Free Cash Flow | 0 | -424M | -72M | 1.4B | -695M |
| ROIC | -0.0% | - | - | - | - |
| Gross Margin | - | 59.1% | 23.9% | - | 51.8% |
| Debt/Equity | 0.03 | - | - | - | - |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -18M | -6.9M | 1.3B | 32M | 644M |
| Operating Margin | -5.6% | -2.0% | 546.6% | - | 35.8% |
| ROE | -0.0% | - | - | - | - |
| Shares Outstanding | 8M | 13M | 8M | 6M | 6M |
| Metric | 2020 | 2022 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 1.8B | N/A | 234M | 338M | 318M |
| Gross Margin | 51.8% | N/A | 23.9% | 59.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 644M | 32M | 1.3B | -6.9M | -18M |
| Op. Margin | 35.8% | N/A | 546.6% | -2.0% | -5.6% |
| Net Income | 518M | -191M | -80M | 15M | -3.5M |
| Net Margin | 28.8% | N/A | -34.2% | 4.6% | -1.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | N/A | N/A | N/A | N/A | -0.0% |
| ROE | N/A | N/A | N/A | N/A | -0.0% |
| ROA | 2.6% | -0.9% | -0.3% | 0.1% | -1.7% |
| Cash Flow | |||||
| Op. Cash Flow | -686M | 1.4B | -72M | -424M | -445M |
| Free Cash Flow | -695M | 1.4B | -72M | -424M | 0 |
| Owner Earnings | -705M | 1.3B | -144M | -472M | -492M |
| CapEx | 9.0M | 0 | 0 | 0 | 0 |
| Maint. CapEx | 19M | 65M | 48M | 39M | 39M |
| Growth CapEx | 0 | N/A | N/A | N/A | 0 |
| D&A | 19M | 65M | 48M | 39M | 39M |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 48M | 25M | 8.8M | 8.8M |
| Debt Repayment | 17M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||
| Net Debt | 2.7B | 1.3B | 882M | 871M | 700M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 110M |
| Long-Term Debt | 3.0B | 1.3B | 928M | 918M | 918M |
| Debt/Equity | N/A | N/A | N/A | N/A | 0.03 |
| Interest Coverage | 5.2 | 0.3 | 0.9 | -0.0 | -0.0 |
| Equity | N/A | N/A | N/A | N/A | 30.7B |
| Total Assets | 19.6B | 20.9B | 27.1B | 29.2B | 206M |
| Total Liabilities | N/A | N/A | N/A | N/A | 132M |
| Intangibles | 138M | 594M | 507M | 433M | 433M |
| Retained Earnings | 0 | -634M | -714M | -699M | -699M |
| Working Capital | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||
| EPS | 85.24 | -31.20 | -9.77 | 1.18 | -1.21 |
| Owner EPS | -115.99 | 211.89 | -17.54 | -35.93 | -62.38 |
| Book Value | N/A | N/A | N/A | N/A | 3,884.89 |
| Cash Flow/Share | -112.81 | 230.35 | -8.73 | -32.29 | 4.50 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 6.1M | 6.1M | 8.2M | 13.1M | 7.9M |
| Valuation | |||||
| P/E Ratio | 1.3 | N/A | N/A | 22.9 | -17.2 |
| P/FCF | N/A | 0.1 | N/A | N/A | N/A |
| EV/EBIT | 5.3 | 42.0 | 0.8 | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | 0.0 |
| Price/Sales | 0.3 | N/A | 0.5 | 0.4 | 0.5 |
| FCF Yield | -106.3% | 1842.8% | -73.4% | -119.5% | N/A |
| Market Cap | 654M | 76M | 98M | 355M | 165M |
| Avg. Price | 101.02 | 22.39 | 14.70 | 10.05 | 20.86 |
| Year-End Price | 107.50 | 12.50 | 11.90 | 27.02 | 20.86 |
Finance of America Companies Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Finance of America Companies Inc. trades at 17.7x trailing earnings, compared to its 15-year median P/E of 12.1x, suggesting it is currently Fair relative to its historical range. The company's 5-year average gross margin is 44.9%. At current prices, the estimated annualized return to fair value is -24.9%.
Finance of America Companies Inc. (FOA) has a current P/E ratio of 17.7, compared to its historical median P/E of 12.1. The stock is currently considered Fair based on its historical valuation range.
Finance of America Companies Inc. (FOA) has a market capitalization of $165M. It is classified as a small-cap stock.
Finance of America Companies Inc. (FOA) does not currently pay a regular dividend.
Based on historical P/E analysis, Finance of America Companies Inc. (FOA) appears fair. The current P/E of 17.7 is 46% above its historical median of 12.1. The estimated fair value CAGR (P/E method) is -58.1%.
Finance of America Companies Inc. (FOA) operates in the Mortgage Bankers & Loan Correspondents industry, within the Financials sector.
Finance of America Companies Inc. (FOA) reported annual revenue of $338 million in its most recent fiscal year, based on SEC EDGAR filings.
Finance of America Companies Inc. (FOA) has a net profit margin of 4.6%. This is a modest margin.
Finance of America Companies Inc. (FOA) generated $-424 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Finance of America Companies Inc. (FOA) reported earnings per share (EPS) of $1.18 in its most recent fiscal year.
Finance of America Companies Inc. (FOA) has a 5-year average gross margin of 44.9%. This indicates decent pricing power.
The Ledger Terminal provides 4 years of financial data for Finance of America Companies Inc. (FOA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.