Security National Financial Corp. (SNFCA)
NASDAQ:SNFCA
Want to see SNFCA full AI Analyst Report?
Top Page
Security National Financial
(NASDAQ:SNFCA)
Select Model
Select Model
Rating:63Neutral
Price Target:
$10.00
▲(16.28% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by solid profitability and conservative leverage, offset by volatile cash-flow signals and mixed revenue momentum. The earnings call adds moderate support from improving profitability and narrowing mortgage losses, but ongoing top-line pressure, investment income headwinds, and accounting/control remediation temper the outlook. Valuation is a positive via the low P/E, while technical signals are neutral due to missing indicator data.
Positive Factors
High Profitability
Sustained TTM net margin near 21% indicates the company generates strong operating profit per dollar of revenue across cycles. Such margin capacity supports internal funding of investments, dividend or buyback flexibility, and provides a buffer against revenue volatility over the next several quarters.
Negative Factors
Investment Income Volatility
Material unrealized losses on invested assets undermine a core earnings driver for the insurance and cemetery segments. Persistent investment volatility can compress underwriting spreads, reduce distributable cash, and force more conservative asset allocations that lower long-term investment income.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained TTM net margin near 21% indicates the company generates strong operating profit per dollar of revenue across cycles. Such margin capacity supports internal funding of investments, dividend or buyback flexibility, and provides a buffer against revenue volatility over the next several quarters.
Read all positive factors
Security National Financial (SNFCA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$235.59M
Dividend YieldN/A
Average Volume (3M)41.36K
Price to Earnings (P/E)8.4
Beta (1Y)1.15
Revenue Growth1.64%
EPS Growth57.25%
CountryUS
Employees1,186
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)1.49
Shares Outstanding21,290,506
10 Day Avg. Volume27,264
30 Day Avg. Volume41,356
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)0.54
Price to Sales (P/S)0.65
P/FCF Ratio5.08
Enterprise Value/Market Cap0.68
Enterprise Value/Revenue0.95
Enterprise Value/Gross Profit1.37
Enterprise Value/Ebitda3.15
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Security National Financial Business Overview & Revenue Model
Company Description
Security 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 acciden...
How the Company Makes Money
SNFCA generates revenue and earnings through multiple operating segments:
1) Life insurance operations
- Premiums: The company collects premiums on life insurance policies (including final expense and preneed insurance).
- Investment income on th...
Security National Financial Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive operational story: profitability improved (net earnings +9.2%), mortgage losses narrowed substantially (65% reduction), cemetery preneed sales surged (+35.1%), and management highlighted cost discipline and productivity gains (+23% loans per officer, expenses down 5.6%). However, material near-term headwinds remain—chiefly investment income volatility (unrealized losses), a one-time ~50 bps mortgage investor pricing shortfall on ~$200M of locks, modest top-line revenue declines (~3.6–4%), and accounting/implementation challenges from LDTI. On balance, the operational momentum and profitability improvements outweigh the near-term investment and accounting setbacks, supporting a constructive outlook while noting areas that require ongoing attention.Positive Updates
Net Earnings and Profitability Improvement
Net earnings increased by approximately 9.2% quarter-over-quarter (an increase of nearly $600k) to roughly $7.0M, driven by a 5.6% reduction in total expenses and operational efficiency improvements across the company.
Negative Updates
Top-Line Revenue Decline
Consolidated revenues declined about 3.6% (or ~4% per management commentary) YoY, driven by decreases in insurance premiums, mortgage fee income, and net investment income.
Read all updates
Q1-2026 Updates
Positive
Negative
Net Earnings and Profitability Improvement
Net earnings increased by approximately 9.2% quarter-over-quarter (an increase of nearly $600k) to roughly $7.0M, driven by a 5.6% reduction in total expenses and operational efficiency improvements across the company.
Read all positive updates
Company Guidance
Management's guidance emphasized prioritizing top‑line growth while preserving and improving profitability: consolidated revenues were down ~3.6% but net earnings rose ~9.2% (~$7.0M) and equity increased $15M (3.7%) after LDTI adoption; management remains "cautiously optimistic" mortgage will be profitable in 2026 after Q1 origination of $489M (‑6% YoY from $518M, sequential ‑9%), market share steady at 9 bps, pretax mortgage loss narrowed 65% to $698k (from $2.0M), refinance mix climbed to 24% (from 19%), and loans per originator/month rose 23% — noting a ~50 bps investor pricing shortfall on ~$200M in March; life segment guidance expects recovery after a modest pullback (Q1 revenues $48.9M, ‑3%; net earnings $5.9M, ‑~5%; premiums $28.9M, ‑3%; net investment income $17.7M, ‑5%; land up $37M and portfolio yield ~100 bps above industry); cemeteries reiterated confidence in operations with Q1 revenue $8.47M (+4.4%), EBT $2.15M (‑4%) but operating EBT ex‑investments +15.7% to $1.52M, preneed land sales +35.1% and contracts +15.8%; balance sheet moves to note: bonds & mortgage loans down $32M, real estate investments up $20M, cash higher and bank debt +$10M, and management plans active cash deployment in Q2 while remaining vigilant on hedging, margins and rate volatility.Security National Financial Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 167.58M | 344.59M | 8.19M | 9.55M | 9.67M | 9.39M |
| Gross Profit | 116.08M | 243.77M | 3.94M | 4.68M | 1.84M | 2.26M |
| EBITDA | 50.49M | 54.65M | 47.14M | 30.39M | 59.88M | 79.32M |
| Net Income | 34.82M | 32.15M | 26.54M | 14.50M | 25.69M | 39.52M |
Balance Sheet | ||||||
| Total Assets | 1.58B | 1.56B | 1.49B | 1.43B | 1.46B | 1.55B |
| Cash, Cash Equivalents and Short-Term Investments | 150.12M | 165.03M | 212.14M | 508.48M | 466.78M | 390.64M |
| Total Debt | 108.76M | 98.39M | 106.74M | 105.56M | 161.71M | 251.29M |
| Total Liabilities | 1.16B | 1.15B | 1.15B | 1.12B | 1.17B | 1.25B |
| Stockholders Equity | 425.52B | 410.37M | 338.78M | 312.90M | 292.79M | 299.77M |
Cash Flow | ||||||
| Free Cash Flow | 32.78B | 43.85M | 54.85M | 52.77M | 128.85M | 139.42M |
| Operating Cash Flow | 32.98B | 45.54M | 57.32M | 53.88M | 130.45M | 144.64M |
| Investing Cash Flow | 7.67B | -67.21M | -43.13M | 14.61M | -37.16M | -63.61M |
| Financing Cash Flow | 7.30B | -14.32M | -4.01M | -62.04M | -101.22M | -55.08M |
Security National Financial Technical Analysis
Neutral
8.60
Price Trends
9.53
Negative
9.24
Positive
8.89
Positive
Market Momentum
-0.05
Positive
45.77
Neutral
43.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNFCA, the sentiment is Neutral. The current price of 8.6 is below the 20-day moving average (MA) of 9.66, below the 50-day MA of 9.53, and below the 200-day MA of 8.89, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 45.77 is Neutral, neither overbought nor oversold. The STOCH value of 43.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SNFCA.
Security National Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.73B | 4.42 | 30.70% | ― | 33.57% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $673.23M | 7.81 | 16.69% | ― | 38.14% | 34.02% | |
63 Neutral | $235.59M | 8.40 | 0.03% | ― | 1.64% | 57.25% | |
56 Neutral | $4.49B | 13.84 | 12.02% | 0.90% | 24.55% | 43.82% | |
42 Neutral | $402.01M | -2.17 | -32.25% | ― | 14.29% | 21.88% |
* Financial Sector Average
SNFCA
Security National Financial
9.42
0.07
0.73%
ECPG
Encore Capital
80.64
42.28
110.22%
PFSI
PennyMac Financial
87.09
-7.95
-8.37%
LDI
loanDepot
1.22
0.03
2.52%
VEL
Velocity Financial
17.22
0.86
5.26%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.