` Comparison: MTG, FMCC - Alpha Spread

MTG
vs
F
FMCC

Over the past 12 months, MTG has underperformed FMCC, delivering a return of +16% compared to the FMCC's +321% growth.

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MTG
FMCC
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Valuation Comparison

MTG Intrinsic Value
38.09 USD
Undervaluation 24%
Intrinsic Value
Price
F
FMCC Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
MGIC Investment Corp
NYSE:MTG
28.79 USD
F
Federal Home Loan Mortgage Corp
OTC:FMCC
11.07 USD
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
MTG, FMCC

MTG
FMCC
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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
MGIC Investment Corp
Revenue
F
Federal Home Loan Mortgage Corp
Revenue

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

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Profitability Comparison

Free Cash Flow
MTG, FMCC

MTG
FMCC
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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
MGIC Investment Corp
NYSE:MTG
FCF is not applicable for financial companies
F
Federal Home Loan Mortgage Corp
OTC:FMCC
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What is Free Cash Flow?

Gross Margin

MTG
FMCC
101.3%
LTM 3Y Avg 5Y Avg 10Y Avg
MGIC Investment Corp
Not applicable for financial companies
F
Federal Home Loan Mortgage Corp

Operating Margin

MTG
FMCC
93.6%
LTM 3Y Avg 5Y Avg 10Y Avg
MGIC Investment Corp
Not applicable for financial companies
F
Federal Home Loan Mortgage Corp

Net Margin

MTG
62%
FMCC
-0.1%

FCF Margin

MTG
FMCC
11.6%
LTM 3Y Avg 5Y Avg 10Y Avg
MGIC Investment Corp
Not applicable for financial companies
F
Federal Home Loan Mortgage Corp

ROE

MTG
14.4%
FMCC
-0.1%

ROA

MTG
11.3%
FMCC
0%

ROIC

MTG
FMCC
2.8%
LTM 3Y Avg 5Y Avg 10Y Avg
MGIC Investment Corp
Not applicable for financial companies
F
Federal Home Loan Mortgage Corp

ROCE

MTG
FMCC
3.5%
LTM 3Y Avg 5Y Avg 10Y Avg
MGIC Investment Corp
Not applicable for financial companies
F
Federal Home Loan Mortgage Corp

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
MTG, FMCC

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Performance Gap
MTG, FMCC

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MTG
FMCC
Difference
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Performance By Year
MTG, FMCC

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MTG
FMCC
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