` Comparison: CFFN, FNMA - Alpha Spread

CFFN
vs
FNMA

Over the past 12 months, CFFN has underperformed FNMA, delivering a return of +7% compared to the FNMA's +336% growth.

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CFFN
FNMA
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Valuation Comparison

CFFN Intrinsic Value
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FNMA Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Capitol Federal Financial Inc
NASDAQ:CFFN
6.97 USD
Federal National Mortgage Association
OTC:FNMA
11.74 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
CFFN, FNMA

CFFN
FNMA
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Capitol Federal Financial Inc
Revenue
Federal National Mortgage Association
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
CFFN, FNMA

CFFN
FNMA
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Capitol Federal Financial Inc
NASDAQ:CFFN
FCF is not applicable for financial companies
Federal National Mortgage Association
OTC:FNMA
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What is Free Cash Flow?

Gross Margin

CFFN
FNMA
15.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Capitol Federal Financial Inc
Not applicable for financial companies
Federal National Mortgage Association

Operating Margin

CFFN
FNMA
11.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Capitol Federal Financial Inc
Not applicable for financial companies
Federal National Mortgage Association

Net Margin

CFFN
33.8%
FNMA
0%

FCF Margin

CFFN
FNMA
3.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Capitol Federal Financial Inc
Not applicable for financial companies
Federal National Mortgage Association

ROE

CFFN
6.5%
FNMA
0%

ROA

CFFN
0.7%
FNMA
0%

ROIC

CFFN
FNMA
0.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Capitol Federal Financial Inc
Not applicable for financial companies
Federal National Mortgage Association

ROCE

CFFN
FNMA
0.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Capitol Federal Financial Inc
Not applicable for financial companies
Federal National Mortgage Association

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CFFN, FNMA

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Performance Gap
CFFN, FNMA

Performance Gap Between CFFN and FNMA
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Performance By Year
CFFN, FNMA

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CFFN
FNMA
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