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Federal National Mortgage Association
OTC:FNMA

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Federal National Mortgage Association Logo
Federal National Mortgage Association
OTC:FNMA
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Price: 1.57 USD -15.82% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

FNMA's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

Federal National Mortgage Association is a government-sponsored company. [ Read More ]

The intrinsic value of one FNMA stock under the Base Case scenario is 309.77 USD. Compared to the current market price of 1.57 USD, Federal National Mortgage Association is Undervalued by 99%.

Key Points:
FNMA Intrinsic Value
Base Case
309.77 USD
Undervaluation 99%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

Fannie Mae's Strong 2023 Performance amid Rate Hikes
2023-Q4 Earnings Call

Fannie Mae's Strong 2023 Performance amid Rate Hikes

In 2023, Fannie Mae reported a robust net income of $17.4 billion, up from $12.9 billion in 2022, attributable to the release of credit reserves driven by higher home prices. The economy remained resilient with GDP growth at 3.1% and inflation cooling to 3.2% from 7.1% the previous year, partly due to a rate hike by the Fed. Mortgage rates peaked at nearly 8%, contributing to a 37% drop in single-family mortgage originations and further straining a housing market already tight on supply. Despite this, home prices went up by 7.1%, defying expectations. Fannie Mae supported 1.5 million households in their housing needs, including over 380,000 first-time homebuyers and 189,000 low and very low-income households. Innovative credit initiatives helped approximately 28,000 renters build credit scores, and housing valuation modernization saved borrowers an estimated $52 million upfront.

Financials

Balance Sheet Decomposition
Federal National Mortgage Association

Current Assets 35.8B
Cash & Short-Term Investments 35.8B
Non-Current Assets 4.3T
Long-Term Investments 83.8B
Other Non-Current Assets 4.2T
Current Liabilities 10.9B
Accrued Liabilities 10.9B
Non-Current Liabilities 4.2T
Long-Term Debt 4.2T
Other Non-Current Liabilities 14.1B
Efficiency

Earnings Waterfall
Federal National Mortgage Association

Revenue
139.3B USD
Cost of Revenue
-113.7B USD
Gross Profit
25.6B USD
Operating Expenses
-4.9B USD
Operating Income
20.7B USD
Other Expenses
-20.7B USD
Net Income
3m USD

Free Cash Flow Analysis
Federal National Mortgage Association

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

FNMA Profitability Score
Profitability Due Diligence

Federal National Mortgage Association's profitability score is 48/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
48/100
Profitability
Score

Federal National Mortgage Association's profitability score is 48/100. The higher the profitability score, the more profitable the company is.

FNMA Solvency Score
Solvency Due Diligence

Federal National Mortgage Association's solvency score is 20/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Positive Net Debt
High D/E
20/100
Solvency
Score

Federal National Mortgage Association's solvency score is 20/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FNMA Price Targets Summary
Federal National Mortgage Association

Wall Street analysts forecast FNMA stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FNMA is 2.04 USD with a low forecast of 2.02 USD and a high forecast of 2.1 USD.

Lowest
Price Target
2.02 USD
29% Upside
Average
Price Target
2.04 USD
30% Upside
Highest
Price Target
2.1 USD
34% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

FNMA Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

FNMA Price
Federal National Mortgage Association

1M 1M
+24%
6M 6M
+153%
1Y 1Y
+293%
3Y 3Y
-19%
5Y 5Y
-44%
10Y 10Y
-60%
Annual Price Range
1.57
52w Low
0.4
52w High
1.95
Price Metrics
Average Annual Return -30.41%
Standard Deviation of Annual Returns 35.79%
Max Drawdown -91%
Shares Statistics
Market Capitalization 1.8B USD
Shares Outstanding 1 158 089 984
Percentage of Shares Shorted 11.7%

FNMA Return Decomposition
Main factors of price return

What is price return decomposition?

FNMA News

Other Videos

Last Important Events
Federal National Mortgage Association

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

All
Positive
Negative

Sentiment Analysis
Federal National Mortgage Association

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Federal National Mortgage Association Logo
Federal National Mortgage Association

Country

United States of America

Industry

Financial Services

Market Cap

1.8B USD

Dividend Yield

0%

Description

Federal National Mortgage Association is a government-sponsored company. The company is headquartered in Washington, Washington Dc and currently employs 7,400 full-time employees. The firm operates through two segments: Single-Family and Multifamily. The Single-Family segment operates in the secondary mortgage market relating to single-family mortgage loans, which are secured by properties containing four or fewer residential dwelling units. The Multifamily segment operates in the secondary mortgage market relating primarily to multifamily mortgage loans, which are secured by properties containing five or more residential units. The firm funds its business primarily through the issuance of short-term and long-term debt securities in the domestic and international capital markets. Its geographical distribution includes California, Florida, Illinois, New Jersey and New York.

Contact

WASHINGTON DC
WASHINGTON
Midtown Center, 1100 15th Street
+18002326643.0
http://www.fanniemae.com/

IPO

1980-03-17

Employees

7 400

Officers

CEO & Director
Ms. Priscilla Almodovar J.D.
President
Dr. David C. Benson
Executive VP & CFO
Mr. Chryssa C. Halley
Executive VP & Head of Single-Family
Mr. H. Malloy Evans
Executive VP & Chief Risk Officer
Mr. Anthony Moon
Senior VP & Chief Information Officer
Mr. Bradley Bolivar
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Chief Administrative Officer & Executive Vice President
Mr. Stergios Theologides
Senior VP and Chief Compliance & Ethics Officer
Ms. Nancy Jardini
Senior VP, General Counsel & Corporate Secretary
Ms. Danielle M. McCoy
Senior VP & Chief Marketing Officer
Mr. Steve James
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See Also

Discover More