Federal Agricultural Mortgage Corporation AGM

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Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell
Insider Ownership 15.94%

Capital & Financial Ratios

Market Cap 2,310.00
Revenue 1,721.12
Net Income 229.00
Free Cash Flow 312.24
Net Debt 1,235.00
Current Ratio 0.56
Debt/Equity 1.23
P/E ratio 11.90
P/S ratio 1.38
P/B ratio 1.90
Past 5Y EPS Growth 13.60%
This Y EPS Growth 25.33%
Next Y EPS Growth 10.82%
Next 5Y EPS Growth 9.12%
in millions of $

Dividends

Payout Ratio 0.29
Annual Dividend Rate 4.40
Annual Dividend Yield 2.42%
total individual payouts
2027 ‡‡‡‡
2026 6.45
2025 6.00
2024 5.60
2023 4.40
2022 3.80
2021 3.52
2020 3.20
2019 2.80
2018 2.32
2017 1.44
2016 1.04
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 889.95 1,024.01 931.07 1,038.09
Receivables
Inventory
Other
12,266.26 14,589.74 17,666.71 19,651.53
2023 2024 2025 Q'26
Payables 76.66 212.53
ST’ Debt
Other
26,595.05 27,566.29 31,056.29 34,962.35
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 423.69 457.20
’25 384.79 404.86 420.83 419.41 1,629.89
’24 403.63 406.23 411.20 403.65 1,624.72
’23 320.63 349.70 391.32 354.15 1,415.80
’22 137.29 147.12 197.98 273.14 755.54
’21 116.26 107.61 111.63 113.52 449.03
’20 144.77 138.89 111.02 132.16 526.84
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 92.05 40.40
’25 (49.82) (47.72) 74.19 103.41 80.06
’24 233.34 56.13 (44.35) 367.53 612.65
’23 60.56 119.10 362.99 (166.85) 375.80
’22 269.31 256.71 180.25 103.01 809.27
’21 397.80 (92.02) 127.45 3.19 436.41
’20 (330.31) 23.37 81.54 130.86 (94.55)
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 92.05 42.27
’25 (49.09) (47.72) 74.19 103.73 81.11
’24 231.70 52.56 (44.42) 367.53 607.37
’23 60.56 119.10 362.99 (166.85) 375.80
’22 269.31 256.71 180.25 103.01 809.27
’21 397.80 (92.02) 127.45 3.19 436.41
’20 (328.12) 23.37 81.54 132.84 (90.38)
in millions of $

EPS

Mar Jun Sep Dec Year
’26 4.75 5.41
’25 4.01 4.48 4.44 3.71 16.62
’24 4.28 3.68 3.86 4.63 16.44
’23 3.69 3.70 4.69 3.73 15.81
’22 3.77 3.60 3.18 3.36 13.87
’21 2.58 2.35 2.24 2.75 9.92
’20 0.87 2.94 1.73 2.73 8.27

Target Price Range

High ‡‡‡‡‡ ‡‡‡‡‡
Average ‡‡‡‡‡ ‡‡‡‡‡
Low ‡‡‡‡‡ ‡‡‡‡‡

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
Powerpack only forecast
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 90.38 112.47 169.17 155.00
Low Price
‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 130.61 198.17 217.60 212.24
High Price
‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 158 185 191 212
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.78 7.65 8.51 7.69
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 755.54 1,415.80 1,624.72 1,629.89 ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 40.98% 24.80% 23.09% 25.06%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 225.68 253.10 258.10 255.71
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 29.87% 17.88% 15.89% 15.69% ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 178.14 200.00 207.19 207.42 ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 20.38 14.40 (2.64) 1.73
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 70.02 130.74 149.41 149.38 ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 14.00 15.97 16.59 16.73 ‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 75.00 34.70 56.34 7.34
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡ ‡‡‡‡‡ ‡‡‡ 0.00 0.00 (0.48) 0.10 ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 75.00 34.70 55.86 7.43
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 117.87 130.38 136.93 157.54
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.79 10.83 10.87 10.91 ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.10 11.71 11.86 10.50 ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.62 1.43 1.32 1.18 ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.56 2.18 1.99 1.58 ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.74 7.41 6.80 6.97 ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 11.83 27.61 18.20 140.07
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 809.27 375.80 612.65 80.06 ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (5.27) 1.05
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 809.27 375.80 607.37 81.11
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (13,311.41) (14,328.79) (12,976.55) (13,389.58)
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9,262.53 1,398.63 1,977.95 2,420.21
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8,399.76 508.68 953.95 1,489.14
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1,271.96 1,411.86 1,489.03 1,718.95
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.58% 0.61% 0.59% 0.55%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.46% 8.24% 6.60% 4.98%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 19.91% 20.16% 18.00% 15.95%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Federal Agricultural Mortgage Corporation (Farmer Mac, AGM) has proven itself a resilient powerhouse in U.S. agricultural finance, delivering explosive revenue growth from $332 million in 2016 to $1.62 billion in 2024—a staggering 388% surge—while boosting revenue per employee 107% through operational leverage. Navigating trade wars, COVID disruptions, and inflation, AGM’s EPS rocketed 171% to $16.59, with elite ROE of 18-20% and free cash flow per share doubling to $56, all amid a balance sheet transformation slashing debt 83% to $1.98 billion and inflating book value per share 123%.

Stock performance mirrors this momentum, compounding 6-7x returns over the decade and trading 26-35% below analyst targets at attractive 9-12x PEs, signaling undervaluation. Insider selling has been modest and routine, offset by bullish director buys, as fundamentals like surging ROIC position AGM for outperformance.

Looking ahead, analysts project EPS climbing 5-22% CAGR through 2027 despite short-term revenue normalization, fueled by farm debt records, aging farmer successions, and disruptions like precision ag and biofuels. With rate cuts on the horizon and rural renaissance tailwinds, this optimistic growth seeker sees Farmer Mac primed for another leg higher—buy the dip and harvest the upside.

Federal Agricultural Mortgage Corporation (AGM) Latest News

News by impact score

Fine-tune

22 Sep

3 Zacks, 9:53 AM

Implied volatility on AGM's options surged, with the November 20, 2026 $80 call among the highest, signaling a big near-term move for the stock. Implied volatility reflects expected price swings; high IV can indicate a rally or a sharp drop around an event. Two analysts have raised AGM's earnings estimates to $5.22 from $4.97 over the last 60 days, supporting a positive fundamental backdrop while the stock may still be set for volatility. Traders may sell premium in high-IV options to capture decay, implying a potential short-term trading angle rather than a fundamental shift in fundamentals. Overall, volatility-driven opportunities exist alongside a modest, positive earnings trajectory. Implied volatility on a key AGM option signals a potential near-term move, while earnings estimates have risen slightly, suggesting a balanced but not transformative impact.

11 Aug

4 , 12:00 PM

Federal Agricultural Mortgage Corporation (AGM) receives a rating upgrade to Strong Buy. AGM's upgrade to Strong Buy rating signals major positive shift in investor sentiment and stock trajectory.

31 Jul

3 transcript www.marketbeat.com, 10:03 PM

Federal Agricultural Mortgage Corporation held its Q2 earnings call, covering financial results, loan portfolio performance, net interest income, and operational outlook. Quarterly earnings updates typically deliver moderate insight into financial trajectory and market positioning without signaling major strategic shifts.

3 , 1:05 AM

Federal Agricultural Mortgage Corp posted record volume in its Q2 2026 earnings call. Record volume signals stronger business activity that can lift near-term investor sentiment without reshaping long-term strategy.

30 Jul

4 , 4:52 PM

Farmer Mac reports strong Q2 CY2026 earnings that exceed expectations. Strong quarterly earnings surprise indicates robust performance that can lift investor sentiment and stock trajectory.

3 , 6:00 PM

Federal Agricultural Mortgage (AGM) Q2 earnings and revenues exceeded estimates. Q2 earnings beat signals stronger results likely to support moderate near-term investor sentiment.

3 , 4:05 PM

Farmer Mac reports second quarter 2026 results. Quarterly results update financial performance and can shift short-term valuation and sentiment.

11 Jun

3 , 9:16 PM

Federal Agricultural Mortgage Corporation valuation faces scrutiny as CEO succession draws renewed investor attention to the company's prospects. CEO succession at Federal Agricultural Mortgage Corporation may shift investor sentiment and influence short-term market performance.

15 May

3 StockStory, 1:00 AM

Five must-read analyst questions from Federal Agricultural Mortgage Corporation's (Farmer Mac, AGM) Q1 earnings call spotlight key investor concerns on financial performance, lending operations, and market outlook. Analyst questions from Q1 earnings call address financial performance and strategy, offering moderate insight into AGM's trajectory.

14 May

3 Zacks, 9:55 AM

Wall Street analysts predict 28.25% upside potential remains for Farmer Mac (AGM). Analysts' 28.25% upside forecast for AGM signals moderately positive market sentiment and potential stock price influence.

12 May

4 PR Newswire, 5:29 PM

Farmer Mac prices $100 million of Series I Preferred Stock. Pricing $100 million in preferred stock injects significant capital to support Farmer Mac's agricultural lending expansion.

9 May

4 Simply Wall St., 1:11 PM

Federal Agricultural Mortgage Corporation (AGM) stock rose 5.1% after reporting record Q1 2026 earnings and volume. Record Q1 2026 earnings and volume triggered a 5.1% stock surge, signaling strong financial health poised to enhance future performance and investor sentiment.

6 May

3 www.marketbeat.com, 1:08 AM

Federal Agricultural Mortgage Corporation (AGM) Q1 earnings call highlights key financial results, performance metrics, and strategic outlook. Q1 earnings highlights moderately influence AGM's financial performance and investor sentiment.

5 May

4 Zacks, 8:30 PM

Federal Agricultural Mortgage Corporation (AGM) Q1 earnings surpassed estimates. Q1 earnings surpassing estimates indicates strong financial performance, likely enhancing investor sentiment and stock trajectory.

4 app.moby.co, 8:16 PM

Federal Agricultural Mortgage Corporation (AGM) Q1 2026 earnings call highlighted strong core earnings growth, increased loan purchase volumes, stable credit quality, and optimistic outlook amid favorable agricultural market conditions. Q1 2026 earnings results and forward guidance directly impact AGM's financial trajectory and investor sentiment.

4 transcript www.fool.com, 6:31 PM

Farmer Mac (AGM) released Q1 2026 earnings call transcript detailing financial results, management discussion, and forward guidance. Quarterly earnings transcripts disclose key financial metrics, operational updates, and outlook that significantly sway investor sentiment and stock trajectory.

4 PR Newswire, 4:05 PM

Federal Agricultural Mortgage Corporation (Farmer Mac) reported first quarter 2026 results. Quarterly earnings reports significantly affect AGM's financial performance and investor sentiment.

3 StockStory, 4:15 PM

Farmer Mac (NYSE:AGM) reported Q1 CY2026 sales below analyst estimates. Sales missing analyst estimates in Q1 moderately impacts financial performance and investor sentiment.

4 May

3 StockStory, 7:16 AM

Farmer Mac (AGM) Q1 earnings expectations highlight potential revenue from agricultural mortgage lending, net interest margins, credit quality, and dividend outlook amid stable farm economy and interest rate environment. Q1 earnings preview influences financial performance expectations and short-term investor sentiment for AGM.

25 Apr

3 Simply Wall St., 5:04 PM

Federal Agricultural Mortgage (AGM) shares rose 20% over the past month, prompting a valuation analysis amid questions of over- or undervaluation relative to fundamentals. 20% monthly share price surge triggers valuation review with moderate potential to influence investor sentiment and financial outlook.

2 Apr

3 StockStory, 4:40 PM

Post-Q4 earnings, Farmer Mac (AGM) stock prompts buy, sell, or hold debate amid analysis of financial results, performance metrics, and future outlook. Q4 earnings directly affect AGM's financial performance and short-term market sentiment.

23 Mar

4 www.marketbeat.com, 5:02 AM

Federal Agricultural Mortgage Corporation (Farmer Mac) targets $50–$55 billion volume by 2030, announced at Investor Day, with CEO transition ahead. Ambitious $50-55B volume target by 2030 and CEO transition represent major strategic growth plans and leadership shift with significant impact on trajectory.

28 Feb

3 Simply Wall St., 4:12 AM

Farmer Mac (AGM) announced its fifteenth consecutive dividend hike, raising questions about a potential shifting risk profile for investors amid sustained profitability. Fifteenth dividend increase signals ongoing financial strength but prompts risk profile scrutiny, moderately impacting investor sentiment and stock performance.

21 Feb

4 app.moby.co, 8:30 AM

Federal Agricultural Mortgage Corporation (AGM) issued Q4 2025 earnings call summary detailing financial results, performance highlights, and forward outlook. Q4 2025 earnings call summary covers core financial metrics and guidance directly influencing AGM's valuation and market trajectory.

20 Feb

4 StockStory, 12:01 PM

Farmer Mac (AGM) shares plunged sharply today. Sharp plunge in shares signals significant negative impact on market performance and investor sentiment.

4 www.marketbeat.com, 12:06 AM

Federal Agricultural Mortgage Corporation (AGM) released Q4 earnings call highlights detailing financial performance, core earnings growth, dividend increases, and optimistic outlook for rural infrastructure financing. Q4 earnings highlights show strong financial results, raised dividends, and positive guidance, significantly boosting AGM's market performance and investor confidence.

4 GuruFocus.com, 12:03 AM

Federal Agricultural Mortgage Corp (AGM) reported record business volumes, strong core earnings growth, and robust financial performance in Q4 2025 earnings call highlights. Record business and earnings growth indicate significant positive momentum for AGM's financial trajectory and investor sentiment.

19 Feb

4 Associated Press Finance, 4:34 PM

Farmer Mac reported Q4 earnings with net income of $X million, revenue of $Y million, beating analyst expectations amid strong agricultural lending demand. Q4 earnings snapshots reveal critical financial metrics that drive AGM's stock volatility and investor confidence.

4 PR Newswire, 4:05 PM

Farmer Mac reported its 2025 results. Reporting 2025 results constitutes a major financial update likely to significantly alter investor sentiment and company trajectory.

3 ZacksAssociated Press FinanceStockStory, 5:30 PM

Federal Agricultural Mortgage Corporation (AGM) Q4 earnings lagged behind analyst estimates. Q4 earnings miss impacts financial performance and market sentiment moderately.