Added to YB: 2025-11-12
Pitch date: 2025-11-11
AGM [bullish]
Federal Agricultural Mortgage Corporation
+10.58%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
Company Info
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States.
Market Cap
$1.9B
Pitch Price
$161.91
Price Target
N/A
Dividend
3.60%
EV/EBITDA
N/A
P/E
10.23
EV/Sales
N/A
Sector
Financial Services
Category
value
AGM and AGM/A US Equity
AGM (new position): GSE serving agribusiness/farmland loans; 22% 10yr return beating JPM & S&P. At 8.8x P/E, 3.64% yield, 53% P/TBV (vs historical 1.6-2.0x). Non-accrual loans up but farmland-secured. CEO signals value w/$5M buyback. AGM/A illiquid voting shares trade 33% discount at 6.5x P/E, 4.86% yield. 14yr dividend growth streak.
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