With Freddie doing so well in 2013 and being government controlled, my question is why not privatize again and let them make the final payments to our government?
I am keeping an eye on this one.
Per Share Data & Valuation Ratios ($) 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Tangible Book Value NM NM NM NM NM 22.26 33.57 32.59 38.79 39.01
Earnings -0.64 -3.63 -6.09 -7.89 -34.60 -5.37 2.84 2.83 3.94 6.68
Dividends NA Nil Nil Nil 0.50 1.75 1.91 1.52 1.20 1.04
Payout Ratio Nil Nil Nil Nil NM NM 67% 54% 32% 16%
Prices:High 0.42 1.00 1.68 2.50 34.63 68.55 71.92 73.91 74.20 64.78
Prices:Low 0.14 0.13 0.24 0.35 0.25 22.90 55.64 54.50 56.45 46.48
P/E Ratio:High NM NM NM NM NM NM 25 26 19 10
P/E Ratio:Low NM NM NM NM NM NM 20 19 14 7
Income Statement Analysis (Million $)
Interest on:Mortgages NA NA 14,375 33,290 35,067 39,342 38,825 33,721 32,467 33,302
Interest on:Investment NA NA 95,425 6,815 5,369 3,568 4,262 2,606 3,136 3,796
Interest Expense NA NA 92,131 22,150 33,332 38,064 37,270 29,899 26,566 28,150
Guaranty Fees NA NA NA NA NA NA NA NA NA NA
Loan Loss Provision NA NA 17,218 29,530 16,432 2,854 215 251 143 10.0
Administration Expenses NA NA 1,546 1,651 1,505 1,674 1,641 1,535 1,550 NA
Pretax Income 9,445 -5,666 -14,882 -22,384 -44,561 -5,985 2,161 2,652 3,856 7,175
Effective Tax Rate NM 7.06% NM NM NM NM NM 14% 20% 31%
Net Income 10,982 -5,266 -14,026 -21,553 -50,119 -3,094 2,211 2,189 2,937 4,816
Balance Sheet & Other Financial Data (Million $)
Mortgages NA NA 292,896 606,934 649,259 709,786 700,543 709,503 664,582 660,531
Investment NA NA 1,844,895 127,870 107,591 41,668 56,945 57,324 62,027 83,936
Cash & Equivalent 87,568 99,434 37,012 64,683 45,326 8,574 11,359 10,468 35,253 23,142
Total Assets 1,989,856 2,147,216 2,261,780 841,784 850,963 794,368 813,081 806,222 795,284 803,449
Short Term Debt NA NA 197,106 343,975 435,114 295,921 294,861 288,532 282,303 295,262
Long Term Debt NA NA 2,045,482 436,629 407,907 442,636 459,077 460,260 449,394 444,351
Equity -77,618 -86,426 -78,710 -61,531 -59,640 12,615 22,192 22,582 26,807 26,878
% Return on Assets 0.5 NM NM NM NM NM 0.3 0.3 0.4 0.6
% Return on Equity NM NM NM NM NM NM 8.7 8.0 10.2 17.2
Equity/Assets Ratio NA NA NM NM NM 2.1 2.8 3.1 3.4 3.3
Price Times Book Value:High NA NA NM NM NM 3.1 2.1 2.3 1.9 1.7
Price Times Book Value:Low NA NA NM NM NM 1.0 1.7 1.7 1.5 1.2
