Federal Agricultural Mortgage Corporation (AGM) vs EZCORP, Inc. (EZPW)

Federal Agricultural Mortgage Corporation and EZCORP, Inc. are both Credit Services companies. Federal Agricultural Mortgage Corporation is the larger, with a market value of $2.3B against $1.9B — 1.2× the size. Federal Agricultural Mortgage Corporation trades at the lower P/E: 11.6× against 12.1×. EZCORP, Inc. grew revenue faster over the last twelve months: 28.6% against 7.27%. Federal Agricultural Mortgage Corporation has the higher net margin (11.6% vs 9.99%) and the lower return on invested capital (5.67% vs 13.9%). Across the 21 metrics below, EZCORP, Inc. leads on 12 and Federal Agricultural Mortgage Corporation on 9.

Valuation

Metric AGM EZPW Credit Services median
P/E 11.63 12.08 9.64
P/S 1.35 1.21 0.87
P/B 1.86 1.64 1.16
Price to free cash flow 7.43 13.86 2.99
EV/EBITDA n/m 7.12 9.58
EV/Sales 2.07 1.16 2.32
Earnings yield 8.60% 8.28% 6.72%
Free cash flow yield 13.45% 7.21% 12.33%

Profitability

Metric AGM EZPW Credit Services median
Gross margin 25.89% 58.55% 77.13%
Operating margin 0.00% 13.90% 0.34%
Net margin 11.62% 9.99% 9.25%
Free cash flow margin 18.14% 8.73% 13.03%
Return on equity 16.79% 14.67% 8.49%
Return on assets 0.55% 7.82% 2.29%
Return on invested capital 5.67% 13.94% 4.09%

Growth

Metric AGM EZPW Credit Services median
Revenue growth (TTM) 7.27% 28.61% 4.62%
EPS growth (last fiscal year) 1.09% 29.09% —
Revenue growth, 5-year CAGR 25.34% 9.14% 9.13%
Net income growth, 5-year CAGR 13.97% 0.00% 0.00%

Health

Metric AGM EZPW Credit Services median
Debt to equity 1.23 0.44 0.68
Current ratio 0.56 4.81 1.55
Net debt to EBITDA 0.00 (1.41) 0.13

Dividend

Metric AGM EZPW Credit Services median
Dividend yield 2.42% — 3.34%
Payout ratio 0.29 0.00 0.00

Size

Metric AGM EZPW Credit Services median
Market cap 2.31b 1.86b 872.19m

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