AGM Stock Fair Value – FEDERAL AGRICULTURAL MORTGAGE Reports Second Quarter FY2023 Earnings on August 7, 2023
August 26, 2023
🌥️Earnings Overview
On August 7 2023, FEDERAL AGRICULTURAL MORTGAGE ($NYSE:AGM) released their earnings results for the second quarter of fiscal year 2023, which ended on June 30 2023. Revenues for the period amounted to USD 84.6 million, representing a 10.4% year-over-year increase. Furthermore, net income for the quarter rose by 2.9%, totaling USD 47.2 million.
Share Price
The stock opened up at $170.5 and closed at $166.9, an increase of 0.6% from the previous closing price of $165.9. This increase in stock price follows a strong performance in the second quarter, which saw increased revenues and profits from a variety of agricultural mortgages issued over the prior three months. FEDERAL AGRICULTURAL MORTGAGE has been providing quality agricultural mortgage services since its inception and continues to be a leader in the industry. This past quarter’s success further cements their reputation as a reliable and profitable company. They have also been pioneers in the use of digital technology for their operations, including the implementation of automated processes to streamline mortgage origination and servicing.
Over the past few years, FEDERAL AGRICULTURAL MORTGAGE has been able to steadily increase their portfolio of mortgages while maintaining a high level of customer satisfaction. This trend is likely to continue into the coming quarters as more people are turning to them for their finance needs. With their commitment to customer service, innovative practices, and sound financials, FEDERAL AGRICULTURAL MORTGAGE is sure to remain a leader in the industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AGM. More…
| Total Revenues | Net Income | Net Margin |
| 320.08 | 151.92 | 55.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AGM. More…
| Operations | Investing | Financing |
| 462.92 | -1.9k | 1.41k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AGM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.66k | 26.31k | 124.26 |
Key Ratios Snapshot
Some of the financial key ratios for AGM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.0% | – | – |
| FCF Margin | ROE | ROA |
| 144.6% | 10.7% | 0.5% |
Analysis – AGM Stock Fair Value
At GoodWhale, we performed a comprehensive evaluation of FEDERAL AGRICULTURAL MORTGAGE’s financial health. Our proprietary Valuation Line estimated the fair value of FEDERAL AGRICULTURAL MORTGAGE’s stock to be around $131.8. However, the stock is currently trading at $166.9, meaning it is overvalued by 26.6%. This discrepancy provides an opportunity for investors to purchase FEDERAL AGRICULTURAL MORTGAGE stock at a price lower than its calculated fair value. More…
Summary
FEDERAL AGRICULTURAL MORTGAGE recently reported strong second quarter of FY2023 financial results, with total revenue increasing 10.4% year-over-year to USD 84.6 million and net income increasing 2.9% to USD 47.2 million. This is a positive sign for potential investors as the company continues to generate strong returns. Furthermore, the company has a long history of dividend payments, which provides further assurance for long-term investments in the company. Looking forward, the company’s financial outlook looks promising, and investors should consider investing in FEDERAL AGRICULTURAL MORTGAGE.
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