NYSE: AGM
Federal Agricultural Mortgage
Financial Services · Financial - Credit Services
Pre-market: $220.85(0%) · as of 4:06 AM ET
Market Cap
$2.40B
52w High
$248.29
52w Low
$136.57
P/E
10.50
Volume
112.55K
Outstanding Shares
10.88M
Performance
Return analysis
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 12.68% over the last year. Revenue declined 12.59% over the trailing twelve months. Operating margin moved from 16.15% to 19.5%. Free cash flow grew 37.45% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (86th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 19.5% — continued expansion would be needed to justify the premium. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States.
Valuation
Stock splits
Every 1 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
4
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 2, 2026
Q4 FY26 · EPS est $5.22 · Revenue est $121.08M
View
Dividends
$6.30/shareQuarterlyDividend Achiever · 16yrEx-div Sep 15, 2026 · in 25dStretchedAGM pays a dividend with a 2.85% declared yield, 16 consecutive years of growth, growing at 12.86% annually, covered 0.9× by free cash flow.
Declared Yield
2.85%
Annual Div / Share
$6.30
5yr CAGR
+12.86%
Doubles every ~5.7yr
Payout Ratio
41.16%
Stretched
Dividend Growth Rate
3yr CAGR
+14.02%
5yr CAGR
+12.86%
10yr CAGR
+20.95%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$4/mo
In 10 yrs
$7/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$29/yr $2/mo | $50/yr+76% $4/mo | $89/yr+211% $7/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 2.85% → 8.86% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AGM has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 12.86% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.90× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.