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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, New Zealand, South Korea, and internationally. The Specialty Insurance segment provides home warranty products, including residential service contracts that cover residential systems, such as heating and air conditioning systems, and various appliances against failures that occur as the result of normal usage during the coverage period. This segment operates in 35 states and the District of Columbia. The company was founded in 1889 and is headquartered in Santa Ana, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
First American Corporation provides title insurance, settlement and closing services plus real-estate data and technology to lenders, insurers and consumers in the United States. Long-term growth may be driven by housing and mortgage activity, expansion of data/analytics offerings and steady fee-based transaction revenue, which could appeal to investors seeking established, transaction-driven cash flows.
Principal risks include sensitivity to housing and mortgage-rate cycles, regulatory and litigation exposure related to title and closing practices, and competitive or execution risks as the company expands its services.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 326.00M | 1642.00M | 923.27M | 905.02M | 609.54M |
| Minority interest | -2.00M | -8.00M | 4.07M | 2.44M | 1.40M |
| Net income | 263.00M | 1241.00M | 696.43M | 707.41M | 474.50M |
| Selling general administrative | 2340.00M | 2350.00M | 1941.48M | 1806.01M | 1748.95M |
| Gross profit | 5265.00M | 9221.00M | 5967.56M | 5278.76M | 4847.64M |
| Reconciled depreciation | 167.00M | 158.00M | 148.98M | 129.02M | 125.93M |
| Ebit | 326.00M | 419.00M | -94.16M | 114.75M | 649.11M |
| Ebitda | 493.00M | 577.00M | 54.82M | 243.77M | 775.04M |
| Depreciation and amortization | 167.00M | 158.00M | 148.98M | 129.02M | 125.93M |
| Operating income | 326.00M | 419.00M | -94.16M | 114.75M | 649.11M |
| Other operating expenses | 7279.00M | 7579.00M | 6163.40M | 5297.04M | 5138.31M |
| Interest expense | 93.00M | 72.00M | 57.47M | 47.80M | 40.98M |
| Tax provision | 61.00M | 393.00M | 222.77M | 195.17M | 133.64M |
| Interest income | 93.00M | 72.00M | 57.47M | 298.43M | 40.98M |
| Net interest income | -93.00M | -72.00M | -57.47M | -47.80M | -40.98M |
| Non recurring | - | - | 54.94M | - | - |
| Income tax expense | 61.00M | 393.00M | 222.77M | 195.17M | 133.64M |
| Total revenue | 7605.00M | 9221.00M | 7086.67M | 6202.06M | 5747.84M |
| Total operating expenses | 1272.00M | -8802.00M | -7180.82M | -6087.31M | -5098.73M |
| Cost of revenue | 2340.00M | 2987.00M | 1119.11M | 923.30M | 900.21M |
| Total other income expense net | 1148.00M | 1223.00M | 1017.43M | 790.27M | 781.47M |
| Net income from continuing ops | 265.00M | 1249.00M | 700.50M | 709.85M | 475.90M |
| Net income applicable to common shares | 263.00M | 1241.00M | 696.43M | 707.41M | 474.50M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 19643.00M | 16467.00M | 12807.66M | 15944.17M | 14376.02M |
| Intangible assets | 194.00M | 218.00M | 194.47M | 91.83M | 109.37M |
| Other current assets | -389.00M | 1049.00M | 1237.17M | -1828.81M | -1590.65M |
| Total liab | 14955.00M | 10684.00M | 7886.02M | 11519.17M | 10630.64M |
| Total stockholder equity | 4665.00M | 5767.00M | 4909.97M | 4420.48M | 3741.88M |
| Deferred long term liab | 19.00M | 345.00M | 291.22M | 266.11M | 460.38M |
| Other current liab | -356.00M | -224.00M | -271.98M | -252.33M | -243.28M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 3721.00M | 3680.00M | 2655.49M | 2161.05M | 1644.16M |
| Other liab | 216.00M | 569.00M | 1486.69M | 1327.24M | 460.38M |
| Good will | 1798.00M | 1588.00M | 1378.63M | 1150.91M | 1144.17M |
| Other assets | 7440.00M | 1123.00M | 1294.70M | 5508.88M | 4680.96M |
| Cash | 1224.00M | 1228.00M | 1275.47M | 1530.38M | 1503.34M |
| Cash and equivalents | 1224.00M | 1228.00M | 1275.47M | 1485.96M | 1467.13M |
| Total current liabilities | 258.00M | 625.00M | 572.19M | 496.99M | 283.39M |
| Current deferred revenue | 197.00M | 224.00M | 271.98M | 252.33M | 243.28M |
| Net debt | 1057.00M | 1232.00M | -264.71M | -200.96M | -695.01M |
| Short term debt | 366.00M | 538.00M | 516.15M | 438.41M | 236.31M |
| Short long term debt | 366.00M | 538.00M | 516.15M | 160.00M | 160.00M |
| Short long term debt total | 2281.00M | 2460.00M | 1010.76M | 1329.42M | 808.33M |
| Other stockholder equity | 1812.00M | 2179.00M | 2214.93M | 2300.93M | 2258.29M |
| Property plant equipment | 888.00M | 506.00M | 445.13M | 442.01M | 457.84M |
| Total current assets | 10211.00M | 2245.00M | 2409.82M | 2153.19M | 1916.34M |
| Long term investments | 8987.00M | 10596.00M | 7214.82M | 6589.44M | 6225.52M |
| Net tangible assets | 2673.00M | 3961.00M | 3336.87M | 3177.74M | 2488.34M |
| Short term investments | 8987.00M | 58.00M | 395.87M | 283.49M | 121.97M |
| Net receivables | 812.00M | 1017.00M | 1134.35M | 622.81M | 413.00M |
| Long term debt | 2009.00M | 2183.00M | 1010.76M | 568.23M | 572.02M |
| Inventory | 8564.00M | - | - | - | - |
| Accounts payable | 51.00M | 87.00M | 56.03M | 58.58M | 47.08M |
| Noncontrolling interest in consolidated entity | 23.00M | 16.00M | 11.68M | 4.52M | 3.51M |
| Accumulated other comprehensive income | -868.00M | -92.00M | 39.54M | -41.49M | -160.57M |
| Common stock total equity | - | - | 0.00M | 0.00M | 0.00M |
| Retained earnings total equity | 3721.00M | 3680.00M | 2655.49M | 2161.05M | 1644.16M |
| Non currrent assets other | -9863.00M | -14.00M | -14.48M | -18.28M | -16.64M |
| Non current assets total | 1992.00M | 13099.00M | 9103.15M | 8282.09M | 7778.72M |
| Capital lease obligations | 269.00M | 274.00M | 295.76M | 322.78M | - |
| Long term debt total | 2012.00M | 2186.00M | 1526.91M | 1006.64M | 808.33M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -64.00M | -3218.00M | 1630.17M | 998.45M | 637.13M |
| Change to liabilities | -424.00M | 121.00M | 178.01M | 61.95M | 60.12M |
| Total cashflows from investing activities | -395.00M | -3393.00M | -1415.14M | -452.23M | -1220.62M |
| Net borrowings | -7.00M | 636.00M | 278.07M | -5.57M | -5.29M |
| Total cash from financing activities | -376.00M | 2126.00M | 113.92M | -445.07M | 514.74M |
| Change to operating activities | -434.00M | -482.00M | -471.33M | -415.32M | -450.76M |
| Net income | 265.00M | 1249.00M | 700.50M | 709.85M | 475.90M |
| Change in cash | -4.00M | -47.00M | -210.49M | 18.83M | 79.90M |
| Begin period cash flow | 1228.00M | 1275.00M | 1485.96M | 1467.13M | 1387.23M |
| End period cash flow | 1224.00M | 1228.00M | 1275.47M | 1485.96M | 1467.13M |
| Total cash from operating activities | 780.00M | 1220.00M | 1084.66M | 913.09M | 793.16M |
| Depreciation | 167.00M | 158.00M | 148.98M | 129.02M | 125.93M |
| Other cashflows from investing activities | -135.00M | -14.00M | -2931.23M | -1343.70M | -1739.58M |
| Dividends paid | -217.00M | -213.00M | -198.66M | -188.44M | 178.49M |
| Change to inventory | - | -67.00M | -77.17M | -18.31M | - |
| Change to account receivables | 83.00M | -48.00M | -52.87M | -27.24M | 5.26M |
| Sale purchase of stock | -441.00M | -99.00M | -138.60M | -2.07M | -18.80M |
| Other cashflows from financing activities | 15984.00M | 1788.00M | -63.13M | -449.91M | 714.87M |
| Change to netincome | 618.00M | -414.00M | -37.60M | -28.33M | 97.08M |
| Capital expenditures | 260.00M | 161.00M | 114.08M | 106.98M | 118.17M |
| Change receivables | 83.00M | -48.00M | -52.87M | -27.24M | 5.26M |
| Cash flows other operating | 52.00M | 107.00M | 108.17M | 41.06M | 1.88M |
| Cash and cash equivalents changes | 9.00M | -47.00M | -216.56M | 15.79M | 87.28M |
| Change in working capital | -341.00M | 73.00M | 125.14M | 45.05M | 65.39M |
| Stock based compensation | 67.00M | 54.00M | 50.71M | 42.47M | 41.15M |
| Other non cash items | 622.00M | 70.00M | 69.00M | 23.53M | -0.86M |
| Free cash flow | 520.00M | 1059.00M | 970.58M | 806.11M | 675.00M |
Sector: Financial Services Industry: Insurance - Specialty
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| FAF First American Corporation |
-1.19 1.74% |
67.01 | 28.12 | 9.38 | 1.06 | 1.47 | 1.15 |
| FNF Fidelity National Financial Inc |
0.95 2.21% |
43.84 | 22.83 | 12.82 | 0.95 | 1.85 | 1.14 |
| MDBPF Medibank Private Limited |
- -% |
3.90 | 32.50 | 20.92 | 1.16 | 6.50 | 1.62 |
| AXS AXIS Capital Holdings Ltd |
-1.96 1.82% |
105.97 | 8.27 | 7.52 | 1.15 | 1.30 | 1.37 |
| ACT Enact Holdings Inc |
-1.34 2.81% |
46.43 | 10.57 | 9.64 | 5.43 | 1.26 | 5.73 |
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, New Zealand, South Korea, and internationally. The Specialty Insurance segment provides home warranty products, including residential service contracts that cover residential systems, such as heating and air conditioning systems, and various appliances against failures that occur as the result of normal usage during the coverage period. This segment operates in 35 states and the District of Columbia. The company was founded in 1889 and is headquartered in Santa Ana, California.
1 First American Way, Santa Ana, CA, United States, 92707-5913
714 250 3000
21153
| Name | Title | Year Born |
|---|---|---|
| Mr. Kenneth David DeGiorgio BA, MBA | CEO & Director | 1971 |
| Mr. Mark Edward Seaton | Exec. VP & CFO | 1978 |
| Mr. Christopher Michael Leavell | Exec. Officer | 1963 |
| Mr. Matthew Feivish Wajner | VP & Treasurer | 1976 |
| Mr. Steven A. Adams | VP & Chief Accounting Officer | 1970 |
| Mr. Craig Barberio | Director of Investor Relations | NA |
| Ms. Lisa W. Cornehl | Sr. VP, Chief Legal Officer & Sec. | 1979 |
| Mr. Mark E. Rutherford | Sr. VP of HR | NA |
| Mr. George Stone Livermore | Exec. VP of Data and Mortgage Solutions | 1961 |
| Mr. Mark Fleming | Chief Economist | NA |
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