Business Summary
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 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 eligible mortgage loans; and provides long-term standby purchase commitments to acquire designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture (USDA). The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural utilities loans. The Institutional Credit segment purchases or guarantees general obligations of lenders that are secured by pools of the types of loans eligible for purchase under Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. The company also provides advances against eligible mortgage loans by purchasing obligations secured by those loans. Federal Agricultural Mortgage Corporation was founded in 1987 and is based in Washington, District of Columbia.
Valuation Measures
|
Market Cap |
302.25M |
|
Enterprise Value |
12.81B |
|
Trailing P/E |
7.54 |
|
Price/Sales (ttm) |
2.49 |
|
Price/Book (mrq) |
0.82 |
|
Enterprise Value/Revenue (ttm) |
104.53 |
|
Enterprise Value/EBITDA (ttm) |
N/A |
Share Statistics
|
Avg Vol (3 month) |
35,684 |
|
Avg Vol (10 day) |
52,663 |
|
Shares Outstanding |
9.51M |
|
Float |
9.96M |
|
% Held by Insiders1 |
39.16% |
|
% Held by Institutions1 |
8.80% |
|
Shares Short (as of Nov 14, 2014) |
329.54K |
|
Return on Assets (ttm) |
0.38% |
|
Return on Equity (ttm) |
8.36% |
|
Fiscal Year Ends |
Dec-15 |
|
Most Recent Quarter (mrq) |
Jun-15 |
Estimates
|
Estimates |
Current Year |
Next Year |
|
Dec-15 |
Dec-15 |
| Earnings Est |
3.97 |
4.35 |
| Revenue Est |
135.55M |
140.99M |
Key Executives
|
0 |
Mr. Timothy L. Buzby CPA, 46 |
|
1 |
Chief Exec. Officer and Pres |
|
2 |
Mr. R. Dale Lynch , 48 |
|
3 |
Chief Financial Officer, Exec. VP and Treasurer |
|
4 |
Mr. Stephen P. Mullery , 48 |
|
5 |
Sr. VP, Gen. Counsel and Sec. |
|
6 |
Mr. Gregory N. Ramsey , 51 |
|
7 |
Principal Accounting Officer and Controller |
|
8 |
Mr. John Curtis Covington , 59 |
|
9 |
Sr. VP of Agricultural Fin. |
Income statement (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
|
|
|
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
|
|
|
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
Income statement (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
Peer Comparison
|
|
AAPL |
BBRY |
GOOG |
HPQ |
Industry |
| Market Cap |
302.25M |
N/A |
N/A |
N/A |
304.14M |
| Employees |
71 |
600 |
283 |
80 |
576 |
| Qtrly Rev Growth (yoy) |
57.0% |
N/A |
N/A |
N/A |
19.0% |
| Revenue (ttm) |
122.54M |
64.10M1 |
1.83B2 |
766.30M3 |
137.01M |
| Gross Margin (ttm) |
100.0% |
N/A |
N/A |
N/A |
86.0% |
| EBITDA (ttm) |
N/A |
N/A |
N/A |
N/A |
24.77M |
| Operating Margin (ttm) |
71.0% |
N/A |
N/A |
N/A |
29.0% |
| Net Income (ttm) |
41.21M |
N/A |
580.90M2 |
457.30M3 |
N/A |
| EPS (ttm) |
3.63 |
N/A |
N/A |
N/A |
0.76 |
| P/E (ttm) |
7.54 |
N/A |
N/A |
N/A |
13.71 |
| PEG (5 yr expected) |
0.86 |
N/A |
N/A |
N/A |
1.17 |
| P/S (ttm) |
2.49 |
N/A |
N/A |
N/A |
3.37 |
Upcoming Events
|
Date |
Event |
| 11/9/2015 |
Earnings announcement |
Recent Events
|
Date |
Event |
| 9/10/2015 |
Ex-Date for dividend payment of $0.16 |
| 6/14/2015 |
Ex-Date for dividend payment of $0.16 |
| 4/27/2024 |
0 |
| 4/27/2024 |
0 |
| 4/27/2024 |
0 |
| 4/27/2024 |
0 |
| 4/27/2024 |
0 |
| 4/27/2024 |
0 |
Major Direct Holders
|
Major Direct Holders |
Shares |
Reported |
| BUZBY TIMOTHY L |
52,674 |
May-15 |
| LYNCH ROBERT DALE |
27,414 |
Apr-15 |
| STENSON TOM D |
23,662 |
May-15 |
| MAXWELL CLARK |
23,367 |
Apr-15 |
| JOHNSON MITCHELL A |
16,775 |
Jun-15 |
Top Institutional Holders
|
Top Institutional Holders |
Shares |
% Out |
Value* |
Reported |
| Dimensional Fund Advisors LP |
799,057 |
8.46 |
23,220,595 |
Jun-15 |
| Wellington Management Company, LLP |
772,958 |
8.19 |
22,462,158 |
Jun-15 |
| First Wilshire Securities Management Inc |
692,148 |
7.33 |
20,113,820 |
Jun-15 |
| FMR, LLC |
687,000 |
7.28 |
19,964,219 |
Jun-15 |
| Lsv Asset Management |
423,320 |
4.48 |
12,301,678 |
Jun-15 |
| Vanguard Group, Inc. (The) |
314,962 |
3.34 |
9,152,795 |
Jun-15 |
| Ameriprise Financial, Inc. |
280,418 |
2.97 |
8,148,946 |
Jun-15 |
| BlackRock Fund Advisors |
265,460 |
2.81 |
7,714,267 |
Jun-15 |
| Eagle Asset Management Inc |
246,147 |
2.61 |
7,153,031 |
Jun-15 |
| Loomis Sayles & Company, LP |
239,650 |
2.54 |
6,964,228 |
Jun-15 |
Balance sheet (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
|
|
|
|
| 0 |
|
|
|
| 0 |
|
|
|
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
|
|
|
|
| 0 |
|
|
|
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
Balance sheet (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
| 0 |
|
|
|
|
| 0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
| 0 |
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
| 0 |
0 |
0 |
0 |
0 |
|
|
|
|
|
| 0 |
0 |
0 |
0 |
0 |
Address
|
company |
4th Floor |
|
address |
Washington, DC 20006 |
|
city_state_zip |
United States - Map |
|
phone |
Fax: 202-872-7713 |
Business Summary
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 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 eligible mortgage loans; and provides long-term standby purchase commitments to acquire designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the United States Department of Agriculture (USDA). The Rural Utilities segment purchases and guarantees securities that are backed by eligible rural utilities loans. The Institutional Credit segment purchases or guarantees general obligations of lenders that are secured by pools of the types of loans eligible for purchase under Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. The company also provides advances against eligible mortgage loans by purchasing obligations secured by those loans. Federal Agricultural Mortgage Corporation was founded in 1987 and is based in Washington, District of Columbia.
