Financials First American Financial Corporation

Equities

FAF

US31847R1023

Property & Casualty Insurance

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
54.22 USD -0.09% Intraday chart for First American Financial Corporation -4.17% -15.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 6,551 5,764 8,587 5,419 6,649 5,624 -
Enterprise Value (EV) 1 6,551 5,764 8,587 5,419 6,649 5,624 5,624
P/E ratio 9.38 x 8.38 x 7.02 x 21.4 x 31.1 x 14.6 x 11 x
Yield 2.88% 3.45% 2.48% 3.94% 3.26% 3.93% 4%
Capitalization / Revenue 1.06 x 0.81 x 0.93 x 0.71 x 1.11 x 0.89 x 0.82 x
EV / Revenue 1.06 x 0.81 x 0.93 x 0.71 x 1.11 x 0.89 x 0.82 x
EV / EBITDA 6.06 x 5.1 x 4.59 x 9.25 x 11.2 x 6.61 x 5.65 x
EV / FCF 8.13 x - 8.11 x 10.4 x 73.1 x 13.4 x 10.4 x
FCF Yield 12.3% - 12.3% 9.6% 1.37% 7.45% 9.63%
Price to Book 1.48 x 1.16 x 1.49 x 1.16 x 1.37 x 1.06 x 0.97 x
Nbr of stocks (in thousands) 112,336 111,645 109,767 103,542 103,181 103,724 -
Reference price 2 58.32 51.63 78.23 52.34 64.44 54.22 54.22
Announcement Date 2/13/20 2/11/21 2/10/22 2/9/23 2/7/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6,202 7,087 9,221 7,605 6,004 6,297 6,881
EBITDA 1 1,082 1,130 1,872 586 595.4 851 996.1
EBIT 1 952.8 980.7 1,714 419 406.9 630.2 768.8
Operating Margin 15.36% 13.84% 18.59% 5.51% 6.78% 10.01% 11.17%
Earnings before Tax (EBT) 1 905 923.3 1,642 326 274.4 477 656.4
Net income 1 707.4 696.4 1,241 263 216.8 383.1 497.4
Net margin 11.41% 9.83% 13.46% 3.46% 3.61% 6.08% 7.23%
EPS 2 6.220 6.160 11.14 2.450 2.070 3.707 4.920
Free Cash Flow 1 806.1 - 1,059 520 90.9 419.1 541.4
FCF margin 13% - 11.48% 6.84% 1.51% 6.66% 7.87%
FCF Conversion (EBITDA) 74.51% - 56.57% 88.74% 15.27% 49.25% 54.35%
FCF Conversion (Net income) 113.95% - 85.33% 197.72% 41.93% 109.4% 108.85%
Dividend per Share 2 1.680 1.780 1.940 2.060 2.100 2.130 2.170
Announcement Date 2/13/20 2/11/21 2/10/22 2/9/23 2/7/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,373 2,034 2,062 1,824 1,685 1,446 1,647 1,481 1,429 1,425 1,611 1,646 1,617 1,506 1,787
EBITDA 1 393 191 202 62 131 134.2 258.5 81.4 121.3 142.7 242.5 238.3 221.6 173.7 289
EBIT 1 353 150 160 21 88 88.7 212.4 34.1 71.7 92.6 182.3 182.6 169.4 120.3 222.4
Operating Margin 14.88% 7.37% 7.76% 1.15% 5.22% 6.13% 12.9% 2.3% 5.02% 6.5% 11.32% 11.1% 10.48% 7.99% 12.45%
Earnings before Tax (EBT) 1 333 130 141 -3 58 59.6 178.1 -1.7 38.4 58.3 148.4 151.4 138.6 91.4 192.8
Net income 1 260 98 109 2 54 45.9 138.5 -1.7 34.1 46.7 112.1 114.4 105.2 69.95 146.2
Net margin 10.96% 4.82% 5.29% 0.11% 3.2% 3.17% 8.41% -0.11% 2.39% 3.28% 6.96% 6.95% 6.51% 4.65% 8.19%
EPS 2 2.330 0.8800 1.010 0.0200 0.5200 0.4400 1.330 -0.0200 0.3300 0.4500 1.085 1.110 1.030 0.6850 1.445
Dividend per Share 2 0.5100 0.5100 0.5100 0.5200 0.5200 0.5200 0.5200 0.5300 0.5300 0.5300 0.5300 0.5367 0.5367 0.5350 0.5350
Announcement Date 2/10/22 4/28/22 7/28/22 10/27/22 2/9/23 4/27/23 7/27/23 10/26/23 2/7/24 4/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 806 - 1,059 520 90.9 419 541
ROE (net income / shareholders' equity) 17.3% 14.9% 17% 5.04% 4.56% 8.5% 9.8%
ROA (Net income/ Total Assets) 6.39% 5.73% 6.22% 1.67% 1.37% 2.3% 2.9%
Assets 1 11,075 12,158 19,940 15,703 15,879 16,657 17,151
Book Value Per Share 2 39.30 44.50 52.60 45.20 47.00 51.00 56.10
Cash Flow per Share - - 11.00 7.270 - - -
Capex 107 114 143 - - - -
Capex / Sales 1.72% 1.61% 1.55% - - - -
Announcement Date 2/13/20 2/11/21 2/10/22 2/9/23 2/7/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
54.22 USD
Average target price
67 USD
Spread / Average Target
+23.57%
Consensus
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