Stock fact sheet · data as of
Freddie Mac 6.42% Non-Cum. Perp. Pfd. (FMCCT): fair value, margin of safety and Wheel Score
Financial Services · Financial - Mortgages · United States · Value
Is FMCCT undervalued?
Freddie Mac 6.42% Non-Cum. Perp. Pfd. (FMCCT) closed at 11.25 on 16 Oct 2026. The GLS average fair value - the simple average of the 7 valuation models that produced a positive number - is 135.24, which puts the price 92% below it. 7 of the 7 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between Graham Number (46.54) and Graham Growth (218.19). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files FMCCT under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for FMCCT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 46.54 | +314% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 218.19 | +1839% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 54.10 | +381% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 207.13 | +1741% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 154.38 | +1272% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 116.05 | +932% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 150.27 | +1236% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -5,113.71 | -45555% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Freddie Mac 6.42% Non-Cum. Perp. Pfd. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. On durability FMCCT scores 5.0/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 0.3%, ROE 15.2%, ROA 0.3% - with debt at 48.38 times equity and a free-cash-flow yield of 659.9%. Debt of 48.38 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Freddie Mac 6.42% Non-Cum. Perp. Pfd. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Single Family Guarantee 85%, Multifamily 15% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 0.3% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 15.2% |
| Debt / equity | 48.38 | ROA | 0.3% |
| Free-cash-flow yield | 659.9% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Freddie Mac 6.42% Non-Cum. Perp. Pfd. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 1k shares a day on a market cap of $7.3B, with a beta of 1.67 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 92% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 10 / 20 | 1k shares/day, $7.3B cap, beta 1.67 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (before the open), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Mortgages
The 12 companies below are the closest to Freddie Mac 6.42% Non-Cum. Perp. Pfd. by market cap within the Financial - Mortgages industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| FNMFM Federal National Mortgage Association | 11.99 | 115.54 | +90% | 39No options | $6.5B |
| FNMFO Federal National Mortgage Association | 25,000.00 | 87,702.58 | +71% | 39No options | $6.3B |
| FNMAS Federal National Mortgage Association | 7.90 | 65.60 | +88% | 39No options | $6.2B |
| FNMAJ Federal National Mortgage Association | 7.00 | 98.05 | +93% | 39No options | $6.1B |
| FNMFN Federal National Mortgage Association | 13.04 | 119.22 | +89% | 39No options | $6.1B |
| FNMAH Federal National Mortgage Association | 6.07 | 94.79 | +94% | 39No options | $5.8B |
| FNMAT Federal National Mortgage Association | 6.90 | 61.62 | +89% | 39No options | $5.7B |
| FNMAG Federal National Mortgage Association | 11.20 | 112.77 | +90% | 39No options | $5.5B |
| FNMAP Federal National Mortgage Association | 9.13 | 105.52 | +91% | 39No options | $5.5B |
| FNMAI Federal National Mortgage Association | 6.04 | 94.69 | +94% | 39No options | $5.4B |
| FNMAN Federal National Mortgage Association | 10.14 | 109.06 | +91% | 39No options | $5.3B |
| FNMAM Federal National Mortgage Association | 10.91 | 111.76 | +90% | 39No options | $5.3B |
⚖ Compare FMCCT with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about FMCCT
Is FMCCT undervalued right now?
By the GLS models, yes: at 11.25 the stock is 92% below the average fair value of 135.24 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of FMCCT and what does it mean?
FMCCT has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for FMCCT?
135.24 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Freddie Mac 6.42% Non-Cum. Perp. Pfd. report earnings next?
The next earnings report is due on 4 Nov 2026 (before the open), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FMCCT have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on FMCCT, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.