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First National Financial Corp

Financial Services CA FN

43.25CAD
-0.46(1.05%)

Last update at 2024-12-03T15:38:00Z

Day Range

43.0643.76
LowHigh

52 Week Range

33.9343.21
LowHigh

Fundamentals

  • Previous Close 43.71
  • Market Cap2591.19M
  • Volume15694
  • P/E Ratio14.36
  • Dividend Yield5.87%
  • Revenue TTM639.29M
  • Revenue Per Share TTM10.66
  • Gross Profit TTM 525.70M
  • Diluted EPS TTM3.01

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

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 269.08M 263.82M 258.73M 241.71M 227.42M
Minority interest - 0.00000M - - 0.00000M
Net income 197.73M 194.56M 190.23M 177.21M 163.50M
Selling general administrative 192.99M 177.04M 143.50M 117.58M 99.73M
Selling and marketing expenses - - - - -
Gross profit 698.99M 180.96M 459.87M 407.16M 390.14M
Reconciled depreciation 13.62M 9.18M 7.66M 7.81M 4.93M
Ebit 252.42M 251.94M 1020.14M 1058.48M 227.42M
Ebitda 266.04M 261.13M 1027.80M 1066.30M 224.49M
Depreciation and amortization 13.62M 9.18M 7.66M 7.81M 4.93M
Non operating income net other - - - - -
Operating income 252.42M 251.94M 1020.14M 1058.48M 227.42M
Other operating expenses 429.91M 430.77M 57.64M 47.87M 238.07M
Interest expense 3.04M 679.19M 761.41M 816.77M 716.02M
Tax provision 71.35M 69.26M 68.50M 64.50M 60.99M
Interest income 908.57M 793.51M 837.58M 877.72M 790.19M
Net interest income 33.27M 114.32M 76.17M 60.95M 74.17M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 71.35M 69.26M 68.50M 64.50M 60.99M
Total revenue 698.99M 180.96M 459.87M 407.16M 465.49M
Total operating expenses -429.90700M -430.77200M - 268.04M -238.07500M
Cost of revenue 1048.59M 880.97M 920.43M 919.37M 791.37M
Total other income expense net 16.66M 11.88M -761.40800M -816.77100M 227.42M
Discontinued operations - - - - -
Net income from continuing ops 197.73M 194.56M 190.23M 177.21M 166.43M
Net income applicable to common shares 194.69M 191.87M 187.38M 174.16M 163.50M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 45957.40M 43763.67M 42274.16M 39488.53M 37685.59M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets -1180.48800M 790.79M 951.86M 807.46M 799.19M
Total liab 45219.64M 38353.49M 36940.66M 38917.73M 37123.93M
Total stockholder equity 737.76M 698.98M 487.64M 570.80M 561.66M
Deferred long term liab - - - - -
Other current liab -4223.12700M 52.59M 50.23M -52.43700M -59.47500M
Common stock 122.67M 122.67M 122.67M 122.67M 122.67M
Capital stock 220.06M 220.06M 220.06M 220.06M 220.06M
Retained earnings 477.80M 418.24M 364.97M 383.99M 345.03M
Other liab - 149.40M 88.00M 67.10M 82.30M
Good will 29.78M 29.78M 29.78M 29.78M 29.78M
Other assets 45957.40M 43497.92M 42037.19M 37065.92M 35587.33M
Cash 702.40M -51.17100M -52.87100M -22.92200M -7.46600M
Cash and equivalents - - - - -
Total current liabilities 4223.13M 4510.64M 4615.22M 52.44M 59.48M
Current deferred revenue - - - - -
Net debt 44083.27M 38455.83M 37046.40M 35392.73M 33432.51M
Short term debt 4223.13M 4315.32M 4445.72M 1.25M 1.25M
Short long term debt - - - 1.25M 1.25M
Short long term debt total 44785.67M 38404.66M 36993.53M 35369.81M 33425.04M
Other stockholder equity - 60.67M -89.76500M -33.25700M -3.43400M
Property plant equipment - 89.37M 89.35M 33.21M 18.29M
Total current assets - 146.61M 117.84M 159.14M 165.62M
Long term investments 2556.52M 2226.82M 38162.15M 36387.94M 33914.00M
Net tangible assets - 571.81M 450.24M 443.63M 434.49M
Short term investments - - - - 2414.84M
Net receivables 478.09M 197.78M 170.71M 182.07M 173.09M
Long term debt 40562.54M 38353.49M 36940.66M 35346.89M 33417.58M
Inventory - - - - -
Accounts payable - - 222.37M 51.19M 58.23M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 39.90M 60.67M -7.62900M -33.25700M -3.43400M
Additional paid in capital - - - - -
Common stock total equity - - - 122.67M 122.67M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -90734.31000M -2226.82500M -2726.69700M -2263.46800M -1932.63900M
Deferred long term asset charges - - - - -
Non current assets total - 119.14M 119.13M 2263.47M 1932.64M
Capital lease obligations 49.69M 51.17M 52.87M 22.92M 7.47M
Long term debt total - 38404.66M 36993.53M 35369.81M 33425.04M
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 -52.87200M -12.74000M 145.83M -199.59500M 174.91M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -52.87200M -12.74000M 145.83M -199.59500M 174.91M
Net borrowings -412.72100M 345.35M 370.67M 8.71M 61.94M
Total cash from financing activities -556.73300M 133.05M 220.05M -138.51300M -112.09400M
Change to operating activities 493.91M -507.73000M -285.84100M 350.44M -425.26100M
Net income 197.73M 194.56M 190.23M 177.21M 166.43M
Change in cash -100.44800M -282.58800M 114.93M 120.59M -274.51900M
Begin period cash flow -965.42000M -682.83200M -797.75800M -918.34700M -643.82800M
End period cash flow -1065.86800M -965.42000M -682.83200M -797.75800M -918.34700M
Total cash from operating activities 509.16M -402.89400M -250.95900M 458.70M -337.34000M
Issuance of capital stock - - - - -
Depreciation 13.62M 9.18M 7.66M 7.81M 4.93M
Other cashflows from investing activities -40.49200M -16.90200M -4.61900M -7.67300M -9.50000M
Dividends paid 144.01M 137.87M 150.62M 147.22M 174.03M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock - - - - -
Other cashflows from financing activities -407.08200M 275.15M 545.67M 8.71M 61.94M
Change to netincome -196.10700M -98.90700M -163.00700M -76.76900M -83.43700M
Capital expenditures 12.38M 31.96M 3.58M 5.87M 2.63M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 493.91M -507.73000M -285.84100M 350.44M -425.26100M
Stock based compensation - - 73.91M -32.48600M -
Other non cash items -232.95700M -110.51700M -158.60700M -80.36900M -508.69800M
Free cash flow 496.78M -434.85000M -254.54400M 452.82M -339.97200M

Peer Comparison

Sector: Financial Services Industry: Mortgage Finance

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
FN
First National Financial Corp
-0.46 1.05% 43.25 14.36 10.43 4.05 3.97 83.61
ECN
ECN Capital Corp
- -% 2.80 - 14.06 6.36 7.72 8.13 31.09
MKP
MCAN Mortgage Corporation
0.07 0.36% 19.62 8.37 9.90 5.36 1.22 5.96 3.47
TF
Timbercreek Financial Corp
-0.05 0.66% 7.49 10.82 10.98 7.39 0.91 6.50 16.01
AI
Atrium Mortgage Investment Corp
-0.03 0.27% 11.27 10.71 10.50 9.23 1.06 10.52

Reports Covered

Stock Research & News

Profile

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages. It provides its services through mortgage broker distribution channel, as well as online. The company was founded in 1988 and is headquartered in Toronto, Canada.

First National Financial Corp

16 York Street, Toronto, ON, Canada, M5J 0E6

Key Executives

Name Title Year Born
Mr. Stephen J. R. Smith Co-Founder & Exec. Chairman 1952
Mr. Jason Ellis CEO, Pres & Director 1971
Mr. Moray Tawse Co-Founder, Exec. VP, Sec. & Director 1957
Mr. Robert A. Inglis Chief Financial Officer NA
Mr. Jeremy Wedgbury Sr. VP of Commercial Mortgages NA
Ms. Hilda Wong Sr. VP & Gen. Counsel NA
Ms. Wendy Kim Burkin VP of HR NA
Mr. Scott C. McKenzie Sr. VP of Residential Mortgages NA
Mr. Thomas Kim Sr. VP & MD of Capital Markets NA
Mr. Ernie Stapleton Pres of Fundamental NA

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