On Oct. 1, Bloomberg reported, citing an unnamed source, that the Federal Housing Finance Agency is moving toward a bi-merge requirement, under which government-conforming mortgages would need only two credit files, from the current three. TransUnion, Equifax, and Fair Isaac shares fell after hours.
Fair Isaac has a long runway to increase prices, since it's a small cost but critical for lenders. The use of mortgage performance-based fees offers another avenue for price realization.
The FHFA decision to allow VantageScore for government-conforming mortgages will alter its pricing strategy and could result in VantageScore gaining traction in both mortgage and nonmortgage markets. In addition, VantageScore could gain traction for mortgage prequalifications.
|
Metric
|
FICO
|
TRU
|
EFX
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.65 | 13.58 | 16.96 |
Price/Book Value | — | 2.46 | 3.75 |
Price/Sales | 6.54 | 2.48 | 2.63 |
Price/Cash Flow | 15.32 | 9.39 | 10.54 |
|
Metric
|
FICO
|
TRU
|
EFX
|
|---|---|---|---|
Quick Ratio | 1.13 | 1.65 | 0.49 |
Current Ratio | 1.18 | 1.90 | 0.60 |
Interest Coverage | 6.72 | 4.54 | 5.24 |
|
Metric
|
FICO
|
TRU
|
EFX
|
|---|---|---|---|
Return on Assets (Normalized) | 48.40% | 7.75% | 6.42% |
Return on Equity (Normalized) | — | 19.38% | 16.20% |
Return on Invested Capital (Normalized) | 74.96% | 10.62% | 9.32% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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SAP
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NOW
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ADBE
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United States