Federal National Mortgage Association
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
0.830.861.826.190.381.261.180.210.160.361.07K0.38
Price/Sales ratio
0.540.421.010.680.250.820.590.150.060.190.120.82
Price/Book Value ratio
3.222.343.70-4.140.971.230.550.100.030.080.251.23
Price/Cash Flow ratio
-8.87-1.41-30.651.842.71-3.78-0.190.100.040.520.340.34
Price/Free Cash Flow ratio
-8.87-1.41-30.651.842.71-1.47-0.170.110.050.520.340.34
Price/Earnings Growth ratio
-0.03-0.01-0.01-0.00-0.00-0.01-0.010.00-0.00N/A-3.67-0.01
Dividend Yield
173.50%108.76%42.82%78.68%153.44%31.15%N/AN/AN/AN/AN/A31.15%
Profitability Indicator Ratios
Gross Profit Margin
100%92.73%91.68%90.59%90.47%88.78%88.73%90.23%89.03%100%24.48%88.78%
Operating Profit Margin
526.39%467.33%464.41%482.46%484.45%81.02%62.69%88.85%306.57%88.71%N/A81.02%
Pretax Profit Margin
96.32%72.66%82.61%82.73%83.79%81.02%62.69%88.85%52.83%68.74%13.49%81.02%
Net Profit Margin
64.70%49.11%55.48%11.04%66.53%65.27%49.73%70.50%42.06%54.50%0.01%65.27%
Effective Tax Rate
32.81%32.40%32.83%86.64%20.59%19.44%20.66%20.65%20.39%20.71%20.39%19.44%
Return on Assets
0.43%0.33%0.37%0.07%0.46%0.40%0.29%0.52%0.30%0.40%0.00%0.40%
Return On Equity
386.08%271.81%202.81%-66.82%255.75%96.93%46.73%46.82%21.43%22.40%0.02%96.93%
Return on Capital Employed
3.56%3.31%3.16%3.25%3.40%0.50%0.37%0.66%2.19%0.65%N/A0.50%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
2.95-0.14-0.830.853.410.812.234.304.09N/AN/A0.81
Cash ratio
2.150.170.700.732.500.571.753.542.88N/AN/A0.57
Days of Sales Outstanding
136.18126.42127.25133.14129.19144.76152.81107.49116.68122.56N/A144.76
Days of Inventory outstanding
N/A7.71K14.02K553.42412.94343.68156.89113.98-1.06KN/AN/A343.68
Operating Cycle
N/A7.83K14.15K686.56542.14488.45309.71221.47-947.33N/AN/A488.45
Days of Payables Outstanding
N/A2.20K1.86K1.68K1.63K1.53K1.32K1.09K1.07KN/AN/A1.53K
Cash Conversion Cycle
N/A5.63K12.29K-999.47-1.08K-1.04K-1.01K-870.31-2.02KN/AN/A-1.08K
Debt Ratios
Debt Ratio
0.950.990.990.990.990.980.980.980.980.970.980.98
Debt Equity Ratio
846.62793.46537.36-903.43543.57237.36155.8187.8070.0454.3570.42237.36
Long-term Debt to Capitalization
0.990.990.991.000.990.990.990.980.980.98N/A0.99
Total Debt to Capitalization
0.990.990.991.000.990.990.990.980.980.98N/A0.99
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
-0.00-0.00-0.000.000.00-0.00-0.010.010.010.00N/A-0.00
Company Equity Multiplier
882.65799.48541.58-907.63547.80239.82157.7989.3071.4255.6871.42239.82
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.06-0.29-0.030.370.09-0.21-3.071.501.420.370.360.09
Free Cash Flow / Operating Cash Flow Ratio
111112.561.080.920.93112.56
Cash Flow Coverage Ratio
-0.00-0.00-0.000.000.00-0.00-0.010.010.010.00N/A-0.00
Short Term Coverage Ratio
N/A-0.09-0.020.240.09-0.17-5.9916.894.290.68N/A-0.17
Dividend Payout Ratio
144.94%93.82%78.16%487.81%58.72%39.55%N/AN/AN/AN/AN/A39.55%