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1.16 (1y: -3%)
Market Cap 131.52 M P/E(ttm)
Enterprise Value P/B 0.60
FMD- NYSE (USA)
The First Marblehead Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$1.16
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt No Debt
FMD's Cash to Debt is ranked higher than
96% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.14 vs. FMD: No Debt )
FMD' s 10-Year Cash to Debt Range
Min: 0.03   Max: No Debt
Current: No Debt
Equity to Asset 0.407
FMD's Equity to Asset is ranked higher than
75% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.16 vs. FMD: 0.407 )
FMD' s 10-Year Equity to Asset Range
Min: -0.12   Max: 0.76
Current: 0.41
-0.12
0.76
Interest Coverage No Debt
FMD's Interest Coverage is ranked higher than
56% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 10000.00 vs. FMD: No Debt )
FMD' s 10-Year Interest Coverage Range
Min: 38   Max: No Debt
Current: No Debt
F-Score: 1
Z-Score: -8.19
M-Score: -1.37
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) -155.30
FMD's Operating margin (%) is ranked lower than
1470587% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 28.70 vs. FMD: -155.30 )
FMD' s 10-Year Operating margin (%) Range
Min: -1326.6   Max: 1362.1
Current: -155.3
-1326.6
1362.1
Net-margin (%) 2727.9
FMD's Net-margin (%) is ranked lower than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 18.90 vs. FMD: 2727.9 )
FMD' s 10-Year Net-margin (%) Range
Min: -894.4   Max: 2727.9
Current: 2727.9
-894.4
2727.9
ROE (%) 485.6
FMD's ROE (%) is ranked lower than
88% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 11.80 vs. FMD: 485.6 )
FMD' s 10-Year ROE (%) Range
Min: -89.5   Max: 485.6
Current: 485.6
-89.5
485.6
ROA (%) 240.8
FMD's ROA (%) is ranked lower than
90% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.20 vs. FMD: 240.8 )
FMD' s 10-Year ROA (%) Range
Min: -44.2   Max: 240.8
Current: 240.8
-44.2
240.8
EBITDA Growth (%) -44.2
FMD's EBITDA Growth (%) is ranked lower than
1470587% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 6.70 vs. FMD: -44.2 )
FMD' s 10-Year EBITDA Growth (%) Range
Min: -44.2   Max: 160.9
Current: -44.2
-44.2
160.9
ยป FMD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

FMD Guru Trades in Q2 2012

Chris Davis 1,910,194 sh (unchged)
Jim Simons 435,900 sh (-12.64%)
» More
Q3 2012

FMD Guru Trades in Q3 2012

Chris Davis 1,910,194 sh (unchged)
Jim Simons 401,100 sh (-7.98%)
» More
Q4 2012

FMD Guru Trades in Q4 2012

Chris Davis 1,910,194 sh (unchged)
Jim Simons 347,800 sh (-13.29%)
» More
Q1 2013

FMD Guru Trades in Q1 2013

Chris Davis 1,910,194 sh (unchged)
Jim Simons 234,100 sh (-32.69%)
» More
» Details

Insider Trades

Latest Guru Trades with FMD



No Insider Trades Found!

Ratios

vs
industry		 vs
history
P/B 0.60
FMD's P/B is ranked higher than
97% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.35 vs. FMD: 0.60 )
FMD' s 10-Year P/B Range
Min: 0.11   Max: 13.53
Current: 0.6
0.11
13.53
P/S 2.73
FMD's P/S is ranked lower than
60% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.29 vs. FMD: 2.73 )
FMD' s 10-Year P/S Range
Min: 0.46   Max: 27.4
Current: 2.73
0.46
27.4
EV-to-EBIT 5
FMD's EV-to-EBIT is ranked lower than
1470587% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 16.25 vs. FMD: 5 )
FMD' s 10-Year EV-to-EBIT Range
Min: 3.3   Max: 28.5
Current: 5
3.3
28.5
Shiller P/E 5.4
FMD's Shiller P/E is ranked higher than
100% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 10.04 vs. FMD: 5.4 )
FMD' s 10-Year Shiller P/E Range
Min: 1.22   Max: 14.94
Current: 5.4
1.22
14.94

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 2.8
FMD's Price/Net Cash is ranked lower than
75% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 9.55 vs. FMD: 2.8 )
FMD' s 10-Year Price/Net Cash Range
Min: 2.8   Max: 41
Current: 2.8
2.8
41
Price/Net Current Asset Value 10.5
FMD's Price/Net Current Asset Value is ranked higher than
74% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 2.50 vs. FMD: 10.5 )
FMD' s 10-Year Price/Net Current Asset Value Range
Min: 0.4   Max: 22.6
Current: 10.5
0.4
22.6
Price/Tangible Book 0.7
FMD's Price/Tangible Book is ranked lower than
62% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.60 vs. FMD: 0.7 )
FMD' s 10-Year Price/Tangible Book Range
Min: 0.4   Max: 9.4
Current: 0.7
0.4
9.4
Price/Median PS Value 0.1
FMD's Price/Median PS Value is ranked lower than
69% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 1.00 vs. FMD: 0.1 )
FMD' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 2.2
Current: 0.1
0.1
2.2
Price/Graham Number 0.1
FMD's Price/Graham Number is ranked lower than
90% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 0.80 vs. FMD: 0.1 )
FMD' s 10-Year Price/Graham Number Range
Min: 0.1   Max: 3.8
Current: 0.1
0.1
3.8
Earnings Yield (Greenblatt) 20.20
FMD's Earnings Yield (Greenblatt) is ranked lower than
1470587% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 8.45 vs. FMD: 20.20 )
FMD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.5   Max: 30.7
Current: 20.2
3.5
30.7
Forward Rate of Return (Yacktman) -6.07
FMD's Forward Rate of Return (Yacktman) is ranked lower than
1470587% of the 68 Companies
in the Global Credit Services industry.

( Industry Median: 19.78 vs. FMD: -6.07 )
FMD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -9.8   Max: 10.7
Current: -6.07
-9.8
10.7

Business Description

The First Marblehead Corporation was formed as a limited partnership in 1991 and was incorporated in Delaware in August 1994. The Company offers outsourcing services to national and regional financial institutions and educational institutions in the United States for designing and implementing private education loan programs. These loan programs are designed to be marketed to prospective student borrowers and their families directly or through educational institutions and to generate portfolios which might be held by the originating lender or financed in the capital markets. It offers a fully integrated suite of services, including its new Monogram loan product, as well as certain services on a standalone, fee-for-service basis. In addition, it provides administrative and other services to securitization trusts that it has facilitated and asset servicing to the third-party owner of certain securitization trusts. The Company's bank subsidiary, Union Federal Savings Bank is a federally chartered thrift that offers residential and commercial mortgage loans, and certain other banking products. Through its Monogram product offering, it enables lenders to offer borrowers private education loans with competitive terms and clear pricing alternatives, but which are also structured to align product options made available to qualified applicants with their credit risk. The Monogram product integrates all of its service offerings, including program design, marketing support, loan origination and portfolio management. The product enables its lender clients to customize their loan programs to meet their risk control and return objectives without a third-party guaranty. Specifically, the client could customize the range of loan terms offered to their qualified applicants, such as repayment options, loan limits and borrower pricing. The Monogram product is based on its proprietary origination risk score model, which was independently reviewed by a credit bureau. It helps clients design their private education loan programs. The Company's design approach begins with a standard set of pricing options, legal agreements and third-party relationships that it could then customize for its clients in order to satisfy their particular needs. The Company's systems have been designed to provide applicants with consumer protection disclosures required by law and regulation, as well as information helpful for making informed decisions about private education loans. It operates in a competitive environment. It owns the following federally registered trademarks: FIRSTMARBLEHEAD, ASTRIVE, MONTICELLO STUDENT LOANS, prepGATE, GATE, GATE Guaranteed Access to Education, and National Collegiate Trust. The Company provides services in connection with the creation, management and disposition of private education loans, a form of consumer loan asset. This business is highly regulated at both the state and federal level, through statutes and regulations that focus upon:
Company Website
SEC Reports
Industry: Credit Services
Compare:V, MA, TCAP, DFS, COF
Traded in other countries:FMA.Germany
ยป More Articles for FMD

Headlines

Articles On GuruFocus.com
July Value Idea Contest Results Announcement Apr 12 2012 
Back From the Dead but Looking Uglier Than Ever: First Marblehead Jul 27 2011 
Big Time Investors Who Made Big Time Mistakes Example #2 - Tom Brown Prominent Bank Stock Analyst of Sep 03 2010 
The First Marblehead Corp. Reports Operating Results (10-K) Sep 02 2010 
Weekly Guru Bargains Highlights: Idearc Inc., The First Marblehead Corp., Qimonda AG, Advanced Micro Feb 19 2008 
Weekly Guru Bargains Highlights: Ambac Financial Group Inc., Retail Ventures Inc., Radian Group Inc. Dec 19 2007 
First Marblehead: Attractive Opportunity Jun 02 2007 

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