Security National Financial Corporation (SNFCA) 10-Year Financial Performance & Capital Metrics

SNFCA • • Banking & Credit

Financial ServicesMortgage FinanceResidential Mortgage Origination & ServicingFull-Service Mortgage Banking

AboutSecurity National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; annuity products comprising single and flexible premium deferred annuities, and immediate annuities; and diver's accident policies. This segment also cedes and assumes various risks with various authorized unaffiliated reinsurers pursuant to reinsurance treaties. Its Cemetery and Mortuary segment operates eleven mortuaries and five cemeteries in Utah; one cemetery in California; and four mortuaries and one cemetery in New Mexico. This segment also offers plots, interment vaults, mausoleum crypts, markers, caskets, urns, and other death care related products; and provides professional services of funeral directors, opening and closing of graves, use of chapels and viewing rooms, and use of automobiles and clothing. The company's Mortgages segment originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Nevada, Texas, and Utah. It offers residential mortgage lending services to real estate brokers and builders, as well as directly with consumers. Security National Financial Corporation was founded in 1965 and is headquartered in Salt Lake City, Utah.Show more

Net Interest Income $4M -15.9%
Total Revenue $8M -14.2%
Net Income $27M +83.1%
Return on Equity 8.14% +70.1%
Net Interest Margin 0.26% -19.2%
Efficiency Ratio -368.22% -202.6%
ROA 1.82% +81.3%
Equity / Assets 22.74% +4.0%
Book Value per Share 14.13 +7.5%
Tangible BV/Share 13.62 +7.7%
Debt/Equity 0.32 -6.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 19.5%
✓Efficient operations: -368.2% efficiency ratio
✓Well capitalized: 22.7% equity/assets
✓Trading at only 0.6x book value

✗Weaknesses

✗Weak NIM of 0.3%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-4.43%

TTM-

Profit (Net Income) CAGR

10Y12.44%

5Y19.49%

3Y-12.43%

TTM-36.76%

EPS CAGR

10Y10.24%

5Y17.17%

3Y-13.36%

TTM-39.49%

ROCE

10Y Avg2.66%

5Y Avg3.16%

3Y Avg2%

Latest2.36%

Peer Comparison

Full-Service Mortgage Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PFSIPennyMac Financial Services, Inc.	7.83B	150.70	25.80	-21.84%	19.54%	11.85%		5.37
ONITOnity Group Inc.	454.63M	53.35	12.92	-6.58%	3.17%	6.2%		29.90
GHLDGuild Holdings Company	439.06M	20.01	12.83	60.87%	8.27%	10.18%		2.42
SNFCASecurity National Financial Corporation	202.03M	9.02	8.51	-14.2%	323.91%	5.1%	27.15%	0.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-4.46M	-5.11M	-6.04M	-6.96M	-7.39M	-8.58M	2.26M	1.84M	4.68M	3.94M
NII Growth %	-0.49%	-0.15%	-0.18%	-0.15%	-0.06%	-0.16%	1.26%	-0.19%	1.55%	-0.16%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	9.39M	9.67M	9.55M	8.19M
Interest Expense	4.46M	5.11M	6.04M	6.96M	7.39M	8.58M	7.13M	7.83M	4.87M	4.25M
Loan Loss Provision	0	0	0	0	0	0	0	0	0	0
Non-Interest Income+	0	0	0	0	0	0	0	0	0	0
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	0	0	0	0	0	0	9.39M	9.67M	9.55M	8.19M
Revenue Growth %	-	-	-	-	-	-	-	0.03%	-0.01%	-0.14%
Non-Interest Expense	-25.47M	-24.82M	-13.57M	-33.14M	-21.33M	-80.03M	-49.54M	-32.54M	-11.62M	-30.17M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	21.01M	19.7M	7.53M	26.18M	13.94M	71.45M	51.8M	34.38M	16.3M	34.1M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.53%	-0.06%	-0.62%	2.48%	-0.47%	4.12%	-0.28%	-0.34%	-0.53%	1.09%
Pretax Income+	21.01M	19.7M	7.53M	26.18M	13.94M	71.45M	51.8M	34.38M	16.3M	34.1M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	7.66M	7.51M	-6.58M	4.49M	3.05M	15.85M	12.28M	8.69M	1.81M	7.57M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	13.35M	12.19M	14.11M	21.69M	10.89M	55.6M	39.52M	25.69M	14.5M	26.54M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.62%	-0.09%	0.16%	0.54%	-0.5%	4.1%	-0.29%	-0.35%	-0.44%	0.83%
Net Income (Continuing)	13.35M	12.19M	14.11M	21.69M	10.89M	55.6M	39.52M	25.69M	14.5M	26.54M
EPS (Diluted)+	0.62	0.56	0.60	0.96	0.48	2.37	1.63	1.17	0.61	1.06
EPS Growth %	0.55%	-0.1%	0.07%	0.6%	-0.5%	3.94%	-0.31%	-0.28%	-0.48%	0.74%
EPS (Basic)	0.61	0.57	0.61	0.92	0.51	2.43	1.70	1.10	0.63	1.09
Diluted Shares Outstanding	21.56M	21.86M	23.52M	22.66M	22.72M	23.45M	24.23M	21.95M	23.81M	23.98M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	40.05M	38.99M	45.32M	142.2M	127.75M	106.22M	131.35M	120.92M	126.94M	140.55M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	152.13M	156.35M	211.43M	195.44M	252.35M	266.02M	293.33M	323.82M	291.16M	318.17M
Investments Growth %	-0.22%	0.03%	0.35%	-0.08%	0.29%	0.05%	0.1%	0.1%	-0.1%	0.09%
Long-Term Investments	135.21M	128.79M	205.39M	189.88M	-103.63M	-28.63M	34.04M	-22.04M	-90.38M	246.58M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	2.77M	2.77M	2.77M	2.77M	3.52M	3.52M	5.25M	5.25M	5.25M	5.25M
Intangible Assets	12.68M	18.87M	21.38M	20.87M	18.56M	36.51M	56.57M	6.3M	6.46M	7.02M
PP&E (Net)	22.22M	19.46M	18.01M	16.89M	24.12M	21.23M	30.5M	29.68M	28.34M	29.64M
Other Assets	591.41M	694.55M	659.43M	652.89M	883.16M	1.09B	997.42M	931.54M	942.2M	959.48M
Total Current Assets	76.19M	87.98M	75.19M	167.51M	508.72M	427.34M	423.81M	510.39M	538.67M	241.83M
Total Non-Current Assets	764.29M	864.44M	906.98M	883.3M	825.73M	1.12B	1.12B	950.73M	891.88M	1.25B
Total Assets+	840.47M	952.42M	982.17M	1.05B	1.33B	1.55B	1.55B	1.46B	1.43B	1.49B
Asset Growth %	0.25%	0.13%	0.03%	0.07%	0.27%	0.16%	-0%	-0.06%	-0.02%	0.04%
Return on Assets (ROA)	0.02%	0.01%	0.01%	0.02%	0.01%	0.04%	0.03%	0.02%	0.01%	0.02%
Accounts Payable	3.5M	4.21M	3.61M	2.88M	5.06M	8.93M	10.17M	5.36M	2.94M	2.94M
Total Debt+	131.01M	152.14M	157.45M	187.52M	217.57M	297.82M	251.29M	161.71M	105.56M	106.74M
Net Debt	90.95M	113.15M	112.14M	45.32M	89.82M	191.6M	119.93M	40.79M	-21.39M	-33.81M
Long-Term Debt	40.91M	53.72M	70.61M	54.15M	60.12M	50.07M	89.92M	98.8M	97.81M	96.01M
Short-Term Debt	90.1M	98.42M	86.84M	133.37M	157.3M	247.65M	161.31M	62.88M	7.73M	10.59M
Other Liabilities	544.41M	616.45M	630.01M	644.27M	851.84M	965.12M	971.86M	985.02M	990.93M	1.02B
Total Current Liabilities	124.63M	137.33M	120.1M	168.07M	213.01M	256.58M	171.47M	68.24M	10.67M	13.52M
Total Non-Current Liabilities	598.13M	682.53M	713.5M	710.93M	924.73M	1.03B	1.08B	1.1B	1.11B	1.14B
Total Liabilities	722.76M	819.86M	833.61M	879M	1.14B	1.28B	1.25B	1.17B	1.12B	1.15B
Total Equity+	117.72M	132.56M	148.57M	171.81M	196.71M	263.99M	299.77M	292.79M	312.9M	338.78M
Equity Growth %	0.21%	0.13%	0.12%	0.16%	0.14%	0.34%	0.14%	-0.02%	0.07%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.12%	0.1%	0.1%	0.14%	0.06%	0.24%	0.14%	0.09%	0.05%	0.08%
Book Value per Share	5.46	6.06	6.32	7.58	8.66	11.26	12.37	13.34	13.14	14.13
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	26.22M	27.64M	29.07M	30.61M	32.22M	33.19M	35.29M	37.52M	40.1M	42.51M
Additional Paid-in Capital	30.23M	34.81M	38.13M	41.82M	46.09M	50.29M	57.99M	64.77M	72.42M	79.7M
Retained Earnings	60.53M	67.41M	77.52M	95.2M	101.26M	153.74M	184.54M	202.16M	206.98M	225.36M
Accumulated OCI	-499.36K	264.82K	603.17K	-2.82K	13.73M	23.24M	18.07M	-13.07M	-6.89M	-6.95M
Treasury Stock	-2.18M	-1.37M	-931.08K	-206.4K	-1.58M	-1.83M	-1.85M	-4.37M	-5.66M	-8.48M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-28.11M	35.54M	44.32M	7.01M	-75.6M	-129.63M	144.64M	130.45M	53.88M	57.32M
Operating CF Growth %	-1.26%	2.26%	0.25%	-0.84%	-11.79%	-0.71%	2.12%	-0.1%	-0.59%	0.06%
Net Income	13.35M	12.19M	14.11M	21.69M	10.89M	55.6M	39.52M	25.69M	14.5M	26.54M
Depreciation & Amortization	0	7.99M	9.86M	10.74M	12.24M	17.29M	20.39M	17.68M	9.23M	8.78M
Deferred Taxes	0	6.13M	-7.75M	0	0	2.85M	11.31M	-9.95M	-2.5M	311.97K
Other Non-Cash Items	-61.45M	-4.09M	5.69M	-51.26M	-119.44M	-258.04M	82.84M	64.5M	4.39M	-14.02M
Working Capital Changes	19.6M	12.97M	22.01M	25.61M	20.45M	52.31M	-9.54M	26.55M	27.66M	34.91M
Cash from Investing+	15.37M	-55.59M	-38.97M	63.31M	38.1M	36.14M	-63.61M	-37.16M	14.61M	-43.13M
Purchase of Investments	-72.81M	-34.6M	-99.4M	-40.84M	-113.87M	-65.48M	-20.81M	-928.54M	-749.93M	-88.33M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-4.33M	0	-3.41M	-20.14M	0	-12.63M	0	0	0
Other Investing	22.61M	-45.91M	-24.29M	72.96M	144.68M	-31.91M	-76.84M	69.25K	716.34M	-55.69M
Cash from Financing+	21.94M	18.99M	2.21M	26.12M	24.3M	71.21M	-55.08M	-101.22M	-62.04M	-4.01M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-181.54K	0	-382.73K	-215.52K	-1.54M	-2.97M	-5.77M	-7.66M	-2.85M	-3.05M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	926.13K
Other Financing	-2.07M	-2.16M	-2.69M	-3.73M	-3.91M	-5.89M	-2.69M	-3.92M	-2.95M	-1.88M
Net Change in Cash+	9.2M	-1.07M	7.56M	96.43M	-13.2M	-22.27M	25.95M	-7.93M	6.44M	10.18M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	30.86M	40.05M	46.94M	54.5M	150.94M	137.74M	115.47M	141.41M	133.48M	139.92M
Cash at End	40.05M	38.99M	54.5M	150.94M	137.74M	115.47M	141.41M	133.48M	139.92M	150.1M
Interest Paid	4.35M	5.12M	5.98M	6.88M	7.28M	8.39M	7.29M	7.7M	5.14M	4.2M
Income Taxes Paid	2.72M	2.67M	581.56K	5.7M	4.86M	11.81M	5.13M	729.69K	20.41M	8.23M
Free Cash Flow+	-31.75M	31.97M	43.41M	5.73M	-77.44M	-131.26M	139.42M	128.85M	52.77M	54.85M
FCF Growth %	-1.27%	2.01%	0.36%	-0.87%	-14.52%	-0.69%	2.06%	-0.08%	-0.59%	0.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.43%	9.74%	10.04%	13.54%	5.91%	24.14%	14.02%	8.67%	4.79%	8.14%
Return on Assets (ROA)	1.77%	1.36%	1.46%	2.13%	0.91%	3.86%	2.55%	1.71%	1%	1.82%
Net Interest Margin	-0.53%	-0.54%	-0.61%	-0.66%	-0.55%	-0.55%	0.15%	0.13%	0.33%	0.26%
Efficiency Ratio	-	-	-	-	-	-	-527.87%	-336.65%	-121.68%	-368.22%
Equity / Assets	14.01%	13.92%	15.13%	16.35%	14.74%	17.04%	19.37%	20.04%	21.87%	22.74%
Book Value / Share	5.46	6.06	6.32	7.58	8.66	11.26	12.37	13.34	13.14	14.13
NII Growth	-48.9%	-14.65%	-18.1%	-15.23%	-6.18%	-16.14%	126.32%	-18.7%	155.07%	-15.89%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Consolidated	-	-	-	-	-	-	-	-	412.26M	470.7M
Consolidated Growth	-	-	-	-	-	-	-	-	-	14.17%
Mortgage	-	-	-	176M	-	-	-	-	298.93M	281.02M
Mortgage Growth	-	-	-	-	-	-	-	-	-	-5.99%
Life Insurances	-	-	-	-	-	-	-	-	-	170.58M
Life Insurances Growth	-	-	-	-	-	-	-	-	-	-
Cemetery and Mortuary	-	-	-	11.65M	-	-	-	-	20.31M	27.58M
Cemetery and Mortuary Growth	-	-	-	-	-	-	-	-	-	35.80%
Intercompany Eliminations	-	-	-	-	-	-	-	-	-	-8.48M
Intercompany Eliminations Growth	-	-	-	-	-	-	-	-	-	-
Life Insurance Product Line	-	-	-	-	-	-	-	-	93.02M	-
Life Insurance Product Line Growth	-	-	-	-	-	-	-	-	-	-
Contractual Servicing Fees	-	-	-	-	5.66M	7.2M	7.56M	7.21M	-	-
Contractual Servicing Fees Growth	-	-	-	-	-	27.16%	5.02%	-4.62%	-	-
Late Fees	-	-	-	-	-	-	319.24K	365.48K	-	-
Late Fees Growth	-	-	-	-	-	-	-	14.48%	-	-
Late fees	-	-	-	-	203.51K	284.55K	-	-	-	-
Late fees Growth	-	-	-	-	-	39.82%	-	-	-	-
Life Insurance	-	-	-	59.71M	-	-	-	-	-	-
Life Insurance Growth	-	-	-	-	-	-	-	-	-	-
Significant Reconciling Items	-9.3M	-8.84M	-8.06M	-	-	-	-	-	-	-
Significant Reconciling Items Growth	-	4.97%	8.81%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Security National Financial Corporation (SNFCA) has a price-to-earnings (P/E) ratio of 8.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Security National Financial Corporation (SNFCA) saw revenue decline by 14.2% over the past year.

Yes, Security National Financial Corporation (SNFCA) is profitable, generating $18.6M in net income for fiscal year 2024 (323.9% net margin).

Dividend & Returns

Security National Financial Corporation (SNFCA) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.

Industry Metrics

Security National Financial Corporation (SNFCA) has a net interest margin (NIM) of 0.3%. NIM has been under pressure due to interest rate environment.

Security National Financial Corporation (SNFCA) has an efficiency ratio of -368.2%. This is excellent, indicating strong cost control.

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