Quick10K

Federal Agricultural Mortgage

Market

Closing Price ($)	Shares Out (MM)	Market Cap ($MM)
$0.00	11	$895

Financial Filings

10-Q	2019-11-06	Quarter: 2019-09-30
10-Q	2019-08-01	Quarter: 2019-06-30
10-Q	2019-05-02	Quarter: 2019-03-31
10-K	2019-02-21	Annual: 2018-12-31
10-Q	2018-11-08	Quarter: 2018-09-30
10-Q	2018-08-09	Quarter: 2018-06-30
10-Q	2018-05-10	Quarter: 2018-03-31
10-K	2018-03-08	Annual: 2017-12-31
10-Q	2017-11-09	Quarter: 2017-09-30
10-Q	2017-08-09	Quarter: 2017-06-30
10-Q	2017-05-10	Quarter: 2017-03-31
10-K	2017-03-09	Annual: 2016-12-31
10-Q	2016-11-09	Quarter: 2016-09-30
10-Q	2016-08-09	Quarter: 2016-06-30
10-Q	2016-05-10	Quarter: 2016-03-31
10-K	2016-03-10	Annual: 2015-12-31
10-Q	2015-11-09	Quarter: 2015-09-30
10-Q	2015-08-10	Quarter: 2015-06-30
10-Q	2015-05-11	Quarter: 2015-03-31
10-K	2015-03-16	Annual: 2014-12-31
10-Q	2014-11-10	Quarter: 2014-09-30
10-Q	2014-08-11	Quarter: 2014-06-30
10-Q	2014-05-12	Quarter: 2014-03-31
10-K	2014-03-13	Annual: 2013-12-31
10-Q	2013-08-08	Quarter: 2013-06-30
10-Q	2013-05-09	Quarter: 2013-03-31
10-K	2013-03-18	Annual: 2012-12-31
10-Q	2012-11-08	Quarter: 2012-09-30
10-Q	2012-08-09	Quarter: 2012-06-30
10-Q	2012-05-10	Quarter: 2012-03-31
10-K	2012-03-15	Annual: 2011-12-31
10-Q	2011-11-09	Quarter: 2011-09-30
10-Q	2011-08-09	Quarter: 2011-06-30
10-Q	2011-05-10	Quarter: 2011-03-31
10-K	2011-03-16	Annual: 2010-12-31
10-Q	2010-11-09	Quarter: 2010-09-30
10-Q	2010-08-09	Quarter: 2010-06-30
10-Q	2010-05-10	Quarter: 2010-03-31
10-K	2010-03-16	Annual: 2009-12-31

Current Reports

8-K	2019-12-13	Officers, Exhibits
8-K	2019-12-05	Officers, Exhibits
8-K	2019-11-14	Other Events, Exhibits
8-K	2019-11-13	Regulation FD, Exhibits
8-K	2019-11-06	Earnings, Regulation FD, Exhibits
8-K	2019-11-04	Regulation FD
8-K	2019-10-30	Regulation FD, Exhibits
8-K	2019-10-04	Enter Agreement, Exhibits
8-K	2019-09-18	Regulation FD, Exhibits
8-K	2019-08-07	Other Events, Exhibits
8-K	2019-08-01	Earnings, Regulation FD, Exhibits
8-K	2019-07-25	Regulation FD, Exhibits
8-K	2019-07-08	Officers
8-K	2019-05-17	Other Events, Exhibits
8-K	2019-05-09	Shareholder Vote, Regulation FD, Other Events, Exhibits
8-K	2019-05-09	Amend Bylaw, Exhibits
8-K	2019-05-08	Sale of Shares, Regulation FD, Exhibits
8-K	2019-05-02	Earnings, Regulation FD, Exhibits
8-K	2019-04-25	Regulation FD, Exhibits
8-K	2019-03-14	Regulation FD
8-K	2019-02-27	Officers
8-K	2019-02-21	Earnings, Regulation FD, Other Events, Exhibits
8-K	2019-02-14	Regulation FD, Exhibits
8-K	2019-02-13	Enter Agreement, Exhibits
8-K	2018-11-08	Earnings, Regulation FD, Exhibits
8-K	2018-10-31	Officers
8-K	2018-10-31	Regulation FD, Other Events, Exhibits
8-K	2018-09-26	Officers, Exhibits
8-K	2018-08-09	Earnings, Regulation FD, Exhibits
8-K	2018-07-30	Amend Bylaw, Regulation FD, Other Events, Exhibits
8-K	2018-07-23	Enter Agreement
8-K	2018-05-10	Earnings, Regulation FD, Exhibits
8-K	2018-05-02	Regulation FD, Other Events, Exhibits
8-K	2018-05-02	Officers, Shareholder Vote
8-K	2018-03-13	Officers
8-K	2018-03-08	Earnings, Regulation FD, Other Events, Exhibits
8-K	2018-02-26	Enter Agreement, Officers, Regulation FD, Exhibits

Federal Agricultural Mortgage Financials

AGM Metrics, Comps, Filings

Annual | Quarterly

Business

Farmer Mac is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. Congress has charged Farmer Mac with the mission of providing a secondary market for a variety of loans made to borrowers in rural America. A secondary market is an economic arrangement in which the owners of financial assets, such as the originators of loans, may sell all or part of those assets or pay a fee to offset some or all of the inherent risks of holding the assets. Farmer Mac's main secondary market activities are:

-providing advances against eligible loans by purchasing obligations secured by those loans;

-securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and

Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing


Comps ($MM TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
Encore Capital (ECPG)	1,079	0%	3.3	3%	4,811	3,908	1,372	0	154	476	1,566
Stewart Information Services (STC)	944	0%	8.1	3%	1,477	776	1,848	0	49	92	743
Meridian Bancorp (EBSB)	938		7.2	1%	6,369	5,673	0	0	60	164	1,178
Boston Private Financial Holdings (BPFH)	933	0%	4.2	1%	8,713	7,913	363	0	91	207	867
Primus Guaranty (PRS)	909	-0%	-8.6	-20%	586	641	-110	0	-119	-115	994
Armada Hoffler Properties (AHH)	905	11%	19.9	1%	1,730	1,124	198	21	23	92	1,828
Federal Agricultural Mortgage (AGM)	895		15.1	1%	20,738	19,964	0	0	112	581	8,746
Virtus Investment Partners (VRTS)	880	0%	6.2	3%	3,067	2,343	561	0	80	150	935
Washington Trust Bancorp (WASH)	878	0%	4.9	1%	5,190	4,705	198	0	69	154	759
Forestar Group (FOR)	878	6%	23.3	3%	1,325	630	216	13	34	48	1,114
Global Cord Blood (CO)	850			0%	6,551	3,128	0	0	0	0	-4,148
Great Southern Bancorp (GSBC)	845		6.3	2%	4,872	4,299	0	0	76	106	664
Central Pacific Financial (CPF)	838	0%	7.9	1%	5,920	5,404	25	0	61	106	841
Bluegreen Vacations (BXG)	835	96%	4.9	4%	1,351	890	740	711	55	123	607
Stock Yards Bancorp (SYBT)	825	0%	23.6	0%	3,464	3,074	11	0	0	30	709
Plumas Bancorp (PLBC)	127	0%	4.2	2%	839	762	2	0	15	22	93
Nicholas Financial (NICK)	73		51.1	-2%	259	154	0	0	-4	4	188
Asta Funding (ASFI)	48	93%	4.0	10%	90	1	19	18	9	11	45
CPI Card Group (PMTS)	30	32%	254.3	-7%	210	360	273	88	-15	1	319


Balance Sheet ($MM)	2011-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31
Cash	817	749	1,363	1,210	265	302	425
Accounts Receivable
Inventory
PP&E
Assets	11,884	13,362	14,288	15,540	15,606	17,792	18,694
Accounts Payable
Long-Term Debt	4,105	5,001	5,471	4,967	5,223	7,433	8,487
Liabilities	11,329	12,787	13,506	14,987	14,962	17,084	17,942
Stockholders' Equity	313	333	546	554	643	708


Income Statement ($MM)	2011-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A	10	12	12	13	15	16	20
Tax	6	23	13	31	30	46	28
Net Income	39	98	70	74	77	84	108


Cash Flow ($MM)	2011-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31
Cash Operating	27	314	155	184	209	175	200
Cash Investing	-2,005	-995	-84	-1,251	-593	-1,848	-599
Cash Financing	2,065	645	543	913	-560	1,710	522