(AGM) Federal Agricultural - Overview
Sector: Financial Services | Industry: Credit Services | Exchange: NYSE (USA) | Market Cap: 1.880m USD | Total Return: -5.1% in 12m
Industry Rotation: -10.1
Avg Turnover: 19.1M
EPS Trend: 87.7%
Qual. Beats: 0
Rev. Trend: 61.2%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Confidence
The Federal Agricultural Mortgage Corporation (Farmer Mac) serves as a secondary market for a diverse range of loans across the United States. Its operations are divided into seven segments: Farm & Ranch, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The company facilitates liquidity in rural and agricultural markets by purchasing and retaining loans, guaranteeing principal and interest on securities, and providing long-term standby purchase commitments.
Farmer Mac functions as a government-sponsored enterprise (GSE), a unique business model designed to increase credit availability in specific economic sectors by lowering costs for primary lenders. Unlike traditional commercial banks, GSEs primarily operate in the secondary market to provide stability and liquidity rather than originating loans directly to consumers. The company’s expansion into broadband and renewable energy reflects a broader trend of infrastructure modernization within rural utility finance.
For a deeper look into the fundamentals of this company, you may find it useful to explore the analytical tools available at ValueRay. Federal Agricultural Mortgage Corporation is headquartered in Washington, D.C., and has been a central component of the domestic agricultural finance system since its incorporation in 1987.
- Interest rate volatility impacts net interest margin and debt funding costs
- Expansion into renewable energy and broadband infrastructure drives loan portfolio growth
- Agricultural credit quality fluctuations influence loan loss provisions and asset valuations
- Federal charter status provides competitive funding advantages through government-sponsored enterprise access
- Growth in secondary market loan volume increases guarantee and servicing fee revenue
| Net Income: 216.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.42 > 1.0 |
| NWC/Revenue: -681.2% < 20% (prev -478.1%; Δ -203.1% < -1%) |
| CFO/TA 0.01 > 3% & CFO 221.9m > Net Income 216.9m |
| Current Ratio: 0.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.9m) vs 12m ago 17.55% < -2% |
| Gross Margin: 29.52% > 18% (prev 0.22%; Δ 2.93k% > 0.5%) |
| Asset Turnover: 3.96% > 50% (prev 5.05%; Δ -1.09% > 0%) |
| Interest Coverage Ratio: 0.24 > 6 (EBITDA TTM 264.0m / Interest Expense TTM 1.12b) |
| A: -0.25 (Total Current Assets 2.51b - Total Current Liabilities 11.76b) / Total Assets 36.73b |
| B: 0.03 (Retained Earnings 1.07b / Total Assets 36.73b) |
| C: 0.01 (EBIT TTM 264.0m / Avg Total Assets 34.27b) |
| D: 0.03 (Book Value of Equity 1.07b / Total Liabilities 35.01b) |
| Altman-Z'' Score: -1.47 = CCC |
Over the past week, the price has changed by +2.35%, over one month by +0.30%, over three months by +18.55% and over the past year by -5.14%.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 219.7 | 25.3% |
P/E Forward = 9.2678
P/S = 4.8798
P/B = 1.6241
P/EG = 0.8425
Revenue TTM = 1.36b USD
EBIT TTM = 264.0m USD
EBITDA TTM = 264.0m USD
Long Term Debt = 23.01b USD (from longTermDebt, last quarter)
Short Term Debt = 11.50b USD (from shortTermDebt, last quarter)
Debt = 34.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 33.76b USD (from netDebt column, last quarter)
Enterprise Value = 34.18b USD (1.88b + Debt 34.51b - CCE 2.21b)
Interest Coverage Ratio = 0.24 (Ebit TTM 264.0m / Interest Expense TTM 1.12b)
EV/FCF = 154.0x (Enterprise Value 34.18b / FCF TTM 221.9m)
FCF Yield = 0.65% (FCF TTM 221.9m / Enterprise Value 34.18b)
FCF Margin = 16.35% (FCF TTM 221.9m / Revenue TTM 1.36b)
Net Margin = 15.98% (Net Income TTM 216.9m / Revenue TTM 1.36b)
Gross Margin = 29.52% ((Revenue TTM 1.36b - Cost of Revenue TTM 956.6m) / Revenue TTM)
Gross Margin QoQ = 24.74% (prev none%)
Tobins Q-Ratio = 0.93 (Enterprise Value 34.18b / Total Assets 36.73b)
Interest Expense / Debt = 0.91% (Interest Expense 314.6m / Debt 34.51b)
Taxrate = 17.24% (12.3m / 71.4m)
NOPAT = 218.5m (EBIT 264.0m * (1 - 17.24%))
Current Ratio = 0.21 (Total Current Assets 2.51b / Total Current Liabilities 11.76b)
Debt / Equity = 20.10 (Debt 34.51b / totalStockholderEquity, last quarter 1.72b)
Debt / EBITDA = 127.9 (Net Debt 33.76b / EBITDA 264.0m)
Debt / FCF = 152.1 (Net Debt 33.76b / FCF TTM 221.9m)
Total Stockholder Equity = 1.67b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.63% (Net Income 216.9m / Total Assets 36.73b)
RoE = 13.01% (Net Income TTM 216.9m / Total Stockholder Equity 1.67b)
RoCE = 1.07% (EBIT 264.0m / Capital Employed (Equity 1.67b + L.T.Debt 23.01b))
RoIC = 0.65% (NOPAT 218.5m / Invested Capital 33.68b)
WACC = 1.22% (E(1.88b)/V(36.39b) * Re(9.71%) + D(34.51b)/V(36.39b) * Rd(0.91%) * (1-Tc(0.17)))
Discount Rate = 9.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 82.70% ; FCFF base≈263.5m ; Y1≈195.1m ; Y5≈113.4m
[DCF] Fair Price = N/A (negative equity: EV 3.52b - Net Debt 33.76b = -30.25b; debt exceeds intrinsic value)
EPS Correlation: 87.70 | EPS CAGR: 6.42% | SUE: 0.53 | # QB: 0
Revenue Correlation: 61.21 | Revenue CAGR: 9.37% | SUE: 0.84 | # QB: 0
EPS current Quarter (2026-06-30): EPS=4.87 | Chg30d=+4.89% | Revisions=+33% | Analysts=3
EPS next Quarter (2026-09-30): EPS=4.89 | Chg30d=+2.02% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=19.52 | Chg30d=+3.39% | Revisions=+33% | GrowthEPS=+17.2% | GrowthRev=+12.2%
EPS next Year (2027-12-31): EPS=21.35 | Chg30d=+2.25% | Revisions=+20% | GrowthEPS=+9.4% | GrowthRev=+12.6%
[Analyst] Revisions Ratio: +33%