First American Financial Corp

Chart & Performance

D1W1MN

P/E

29.41

P/S

6.79

EPS

2.10

Div Yield, %

3.40%

Shrs. gr., 5y

-1.58%

Rev. gr., 5y

-30.40%

Revenues

939m

-87.66%

Net income

217m

-17.57%

CFO

354m

-54.58%

Dividend

Sep 20, 20240.54 USD/sh

Earnings

Feb 12, 2025

Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, mortgage subservicing, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, South Korea, and internationally. The Specialty Insurance segment provides property and casualty insurance comprising coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage. It also offers residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. First American Financial Corporation was founded in 1889 and is headquartered in Santa Ana, California.

URL

https://www.firstam.com/

IPO date

May 22, 2010

Employees

21,153

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	938,500 -87.66%	7,605,000 -17.53%
Cost of revenue	3,056,100	4,680,000
Unusual Expense (Income)
NOPBT	(2,117,600)	2,925,000
NOPBT Margin		38.46%
Operating Taxes	58,900	61,000
Tax Rate		2.09%
NOPAT	(2,176,500)	2,864,000
Net income	216,800 -17.57%	263,000 -78.81%
Dividends	(216,600)	(217,000)
Dividend yield	3.21%	3.86%
Proceeds from repurchase of equity	(72,700)	(439,000)
BB yield	1.08%	7.82%
Debt
Debt current		366,000
Long-term debt	1,884,000	2,184,000
Deferred revenue	196,800	197,000
Other long-term liabilities	10,042,200	(1,517,000)
Net debt	(9,614,400)	(7,598,000)
Cash flow
Cash from operating activities	354,300	780,000
CAPEX	(263,400)	(260,000)
Cash from investing activities	599,500	(395,000)
Cash from financing activities	1,423,100	(376,000)
FCF	6,578,000	(5,431,000)
Balance
Cash	3,605,300	1,224,000
Long term investments	7,893,100	8,924,000
Excess cash	11,451,475	9,767,750
Stockholders' equity	3,069,500	2,876,000
Invested Capital	13,182,300	16,846,000
ROIC		19.58%
ROCE		14.82%
EV
Common stock shares outstanding	104,600	107,300
Price	64.44 23.12%	52.34 -33.09%
Market cap	6,740,424 20.02%	5,616,082 -35.56%
EV	(2,859,276)	(1,958,918)
EBITDA	(1,929,100)	3,092,000
EV/EBITDA	1.48
Interest	132,500	93,000
Interest/NOPBT		3.18%