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Saturday, September 24, 2022 8:29:24 AM
Earnings Power of the Business
A multiple of 14 is not unreasonable
Fannie Mae
07/29/2022
Reports $4.7 Billion for Second Quarter 2022
EARNINGS POWER OF THE BUSINESS
Market Cap $263 Billion
Fannie Mae’s common stock outstanding 1,158,087,567
$4.7 billion net income for the second quarter of 2022.
Fannie Mae’s net earnings $4.7 billion per quarter, a projection of $18.8 billion net per year.
$18.8 billion net / 1,158,087,567 = $16.23 per share of earnings
PE Ratio of 14 x $16.23 = $227.22 per share Intrinsic Value
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