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ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans. It serves banks, credit unions, life insurance companies, and pension and investment funds. The company was incorporated in 2016 and is headquartered in Toronto, Canada.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 17.26M | 5.51M | 22.47M | 5.69M | -10.21M |
| Net income | 6.72M | 4.97M | 15.82M | 10.38M | -156.68M |
| Selling general administrative | 53.70M | 80.78M | 81.90M | 60.67M | 55.35M |
| Gross profit | 90.81M | 120.77M | 167.44M | 146.88M | 100.77M |
| Reconciled depreciation | 12.94M | 27.55M | 36.66M | 31.62M | 19.55M |
| Ebit | 31.08M | 19.38M | 75.28M | 101.90M | -133.00M |
| Ebitda | 44.03M | 46.92M | 111.94M | 133.51M | -113.46M |
| Depreciation and amortization | 12.94M | 27.55M | 36.66M | 31.62M | 19.55M |
| Operating income | 31.08M | 19.38M | 75.28M | 101.90M | 25.87M |
| Other operating expenses | 172.50M | 202.92M | 217.84M | 193.71M | 171.55M |
| Interest expense | 4.65M | 950.97M | 22.84M | 24.64M | 31.25M |
| Tax provision | 10.54M | 0.55M | 6.65M | -4.69M | -7.58M |
| Interest income | - | - | - | 24.64M | 31.25M |
| Net interest income | - | - | -22.84M | -24.64M | -31.25M |
| Income tax expense | 10.54M | 0.55M | 6.65M | -4.69M | -7.58M |
| Total revenue | 196.67M | 215.37M | 266.72M | 248.30M | 197.43M |
| Total operating expenses | 66.64M | 108.32M | 118.56M | 92.29M | 74.89M |
| Cost of revenue | 105.86M | 94.60M | 99.28M | 101.42M | 96.66M |
| Total other income expense net | -13.82M | -13.86M | -52.81M | -96.21M | -36.09M |
| Discontinued operations | 9.17M | 964.83M | 8.28M | -25.13M | -154.04M |
| Net income from continuing ops | 6.72M | 4.97M | 15.82M | 10.38M | -2.63M |
| Net income applicable to common shares | - | 954.96M | -22.93M | -24.37M | -166.50M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1416.33M | 1146.12M | 1706.20M | 1724.14M | 1749.43M |
| Intangible assets | 104.48M | 138.42M | 257.93M | 252.65M | 264.73M |
| Other current assets | - | 31.53M | 135.87M | 219.96M | 373.13M |
| Total liab | 1222.66M | 927.49M | 883.64M | 845.11M | 642.46M |
| Total stockholder equity | 193.68M | 218.63M | 822.56M | 879.03M | 1106.98M |
| Other current liab | 37.12M | 383.04M | -813.85M | -700.23M | -281.23M |
| Common stock | 586.23M | 590.50M | 608.71M | 615.53M | 817.92M |
| Capital stock | 653.28M | 657.55M | 747.85M | 760.45M | 962.84M |
| Retained earnings | -504.32M | -507.67M | -16.06M | 24.88M | 65.08M |
| Other liab | - | 119.95M | 190.47M | 159.87M | 171.81M |
| Good will | 125.45M | 230.17M | 422.35M | 421.44M | 413.07M |
| Other assets | - | 7.95M | 254.02M | 196.71M | 129.17M |
| Cash | 12.71M | 45.04M | 37.98M | 51.72M | 51.99M |
| Total current liabilities | 78.34M | 513.76M | 151.95M | 234.60M | 200.78M |
| Current deferred revenue | 1.52M | 44.11M | 44.70M | 67.61M | 82.70M |
| Net debt | 995.28M | 229.56M | 493.81M | 395.86M | 618.88M |
| Short term debt | - | - | 462.08M | 430.48M | 335.44M |
| Short long term debt | - | - | 462.08M | 430.48M | 335.44M |
| Short long term debt total | 1008.00M | 274.60M | 531.79M | 447.58M | 670.87M |
| Other stockholder equity | 79.01M | 77.64M | 215.92M | 214.27M | 99.33M |
| Property plant equipment | 69.18M | 62.22M | 18.89M | 38.22M | 15.90M |
| Total current assets | 1017.22M | 531.77M | 725.18M | 766.01M | 973.75M |
| Long term investments | 11.71M | 19.71M | 46.81M | 71.03M | 46.09M |
| Net tangible assets | - | -217.01M | 3.13M | 60.01M | 284.26M |
| Short term investments | - | 44.69M | 150.25M | 85.42M | 274.07M |
| Net receivables | 987.86M | 455.20M | 542.11M | 469.25M | 274.56M |
| Long term debt | 1008.00M | 274.60M | 55.11M | 430.48M | 335.44M |
| Inventory | 0.00M | 7.95M | 0.00M | 25.07M | 0.00M |
| Accounts payable | 39.70M | 86.62M | 52.10M | 86.62M | 55.62M |
| Accumulated other comprehensive income | -34.30M | -8.89M | -17.19M | -13.43M | -20.27M |
| Non currrent assets other | 71.25M | 116.97M | 174.59M | 130.31M | 0.43M |
| Non current assets total | 399.11M | 606.40M | 981.03M | 958.13M | 775.68M |
| Capital lease obligations | - | - | 14.60M | 17.10M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 116.25M | -79.83M | -3.19M | -123.96M | 779.63M |
| Change to liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total cashflows from investing activities | 116.25M | -79.83M | -0.37M | -123.96M | 770.89M |
| Net borrowings | 740.38M | -237.67M | 82.89M | 91.27M | -523.00M |
| Total cash from financing activities | 721.07M | -1834.32M | 35.14M | -137.85M | -751.81M |
| Change to operating activities | -621.15M | 69.68M | -150.61M | 52.11M | -259.96M |
| Net income | 6.72M | 4.97M | 15.82M | 10.38M | -156.68M |
| Change in cash | -31.95M | -2.16M | -13.74M | -0.27M | 34.70M |
| Begin period cash flow | 47.24M | 47.20M | 51.72M | 51.99M | 17.30M |
| End period cash flow | 15.29M | 45.04M | 37.98M | 51.72M | 51.99M |
| Total cash from operating activities | -869.27M | 139.73M | -77.61M | 120.75M | -218.46M |
| Issuance of capital stock | 5.60M | 6.50M | - | - | 0.00M |
| Depreciation | 12.94M | 27.55M | 36.66M | 31.62M | 19.55M |
| Other cashflows from investing activities | -18.36M | 17.23M | -6.20M | -18.40M | 35.15M |
| Dividends paid | 12.54M | 1456.20M | 31.99M | 20.47M | 23.25M |
| Change to account receivables | -105.85M | - | - | 95.37M | 0.00M |
| Sale purchase of stock | -9.87M | -102.38M | -16.88M | -203.70M | -205.86M |
| Other cashflows from financing activities | 740.20M | 71.54M | 86.84M | 88.64M | 0.30M |
| Change to netincome | 11.10M | 841.11M | 98.17M | 190.71M | 407.17M |
| Capital expenditures | 42.93M | 7.97M | 2.66M | 6.21M | 8.74M |
| Change in working capital | -914.77M | 69.68M | -163.16M | 49.80M | -268.70M |
| Stock based compensation | 12.19M | 29.86M | 21.56M | 17.45M | 14.34M |
| Other non cash items | 13.65M | 7.67M | 11.51M | 11.51M | 173.04M |
| Free cash flow | -912.20M | 131.76M | -80.27M | 114.54M | -218.46M |
Sector: Financial Services Industry: Mortgage Finance
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| MKP MCAN Mortgage Corporation |
0.26 1.19% |
22.14 | 12.76 | 12.08 | 7.32 | 1.53 |
| DLCG Dominion Lending Centres Inc |
0.20 2.44% |
8.60 | 31.94 | 20.04 | 7.92 | 5.68 |
| AI Atrium Mortgage Investment Corp |
0.16 1.43% |
11.34 | 11.69 | 11.75 | 9.56 | 1.11 |
| TF Timbercreek Financial Corp |
0.15 2.92% |
5.28 | 16.21 | 10.68 | 10.28 | 0.85 |
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates through two segments, Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company provides consumer loans, including manufactured housing, recreational vehicle, and marine loans; and commercial loans, such as inventory finance or floorplan loans. It serves banks, credit unions, life insurance companies, and pension and investment funds. The company was incorporated in 2016 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Steven K. Hudson B.B.A., FCA, FCPA | CEO & Exec. Director | 1959 |
| Mr. Michael Lepore | Chief Financial Officer | NA |
| Mr. Matthew Heidelberg | Chief Operating Officer of Triad Financial Services | NA |
| Mr. Michael A. Tolbert | Pres of Triad Financial Services | NA |
| Mr. John B. Wimsatt | Chief Investment Officer | NA |
| Ms. Mary Beth Koenig | Sr. VP, Chief Legal Officer, Gen. Counsel & Corp. Sec. | NA |
| Mr. Steve A. Grosso | Chief Operating Officer of US | NA |
| Mr. Algis Vaitonis | Chief Credit Officer | NA |
| Mr. Matt Nelson | Pres & CEO | NA |
| Mr. Hans Kraaz | CEO - Intercoastal Financial Group LLC. | NA |
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