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First National Financial Corp Pref A

Financial Services CA FN.PA

11.9CAD
-(-%)

Last update at 2024-01-22T17:16:00Z

Day Range

11.8411.90
LowHigh

52 Week Range

9.6411.90
LowHigh

Fundamentals

  • Previous Close 11.90
  • Market Cap1707.32M
  • Volume2401
  • P/E Ratio3.70
  • Dividend Yield6.08%
  • Revenue TTM740.66M
  • Revenue Per Share TTM12.35
  • Gross Profit TTM 525.70M
  • Diluted EPS TTM3.22

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

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
Income before tax 342.28M 269.08M 263.82M 258.73M 241.71M
Minority interest - - 0.00000M 0.00000M -
Net income 251.23M 197.73M 194.56M 190.23M 177.21M
Selling general administrative 193.63M 192.99M 177.04M 143.50M 117.58M
Selling and marketing expenses - - - - -
Gross profit - - - - 407.16M
Reconciled depreciation 11.92M 13.62M 9.18M 7.66M 7.81M
Ebit - - - - -
Ebitda - - - - -
Depreciation and amortization - - - - -
Non operating income net other - - - - -
Operating income - - - - 241.71M
Other operating expenses - 63.63M 51.95M 57.64M 47.87M
Interest expense 1194.97M 875.30M 679.19M 761.41M 816.77M
Tax provision 91.05M 71.35M 69.26M 68.50M 64.50M
Interest income 1249.59M 908.57M 793.51M 837.58M 877.72M
Net interest income 54.62M 33.27M 114.32M 76.17M 60.95M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - 71.35M 69.26M 68.50M 64.50M
Total revenue 600.26M 525.70M 513.63M 459.87M 407.16M
Total operating expenses - - - - 268.04M
Cost of revenue - - - - 102.60M
Total other income expense net - - - - -
Discontinued operations - - - - -
Net income from continuing ops 251.23M 197.73M 194.56M 190.23M 177.21M
Net income applicable to common shares - 194.69M 191.87M 187.38M 174.16M
Preferred stock and other adjustments - - - - -
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 43763.67M 42274.16M 39488.53M 37685.59M 36037.13M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 790.79M 951.86M 807.46M 799.19M 687.48M
Total liab 43064.69M 41696.75M 38917.73M 37123.93M 35504.88M
Total stockholder equity 698.98M 577.41M 570.80M 561.66M 532.24M
Deferred long term liab - - - - -
Other current liab 52.59M 50.23M 52.62M 36.23M 28.23M
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 418.24M 364.97M 383.99M 345.03M 315.29M
Other liab 149.40M 88.00M 67.10M 82.30M 78.80M
Good will 29.78M 29.78M 29.78M 29.78M 29.78M
Other assets - 119.13M 62.98M 48.07M -
Cash - - - - -
Cash and equivalents - - - - -
Total current liabilities 4510.64M 4615.22M 3480.81M 3616.59M 3551.90M
Current deferred revenue - - - - -
Net debt 38353.49M 36940.66M 35346.89M 33417.58M 31855.83M
Short term debt - - - - -
Short long term debt - - 1.25M 1.25M 1.25M
Short long term debt total - - - - -
Other stockholder equity 60.67M -7.62900M -33.25700M -3.43400M -3.11600M
Property plant equipment 89.37M 89.35M 33.21M 18.29M 9.37M
Total current assets 43644.53M 42155.03M 39425.54M 37637.53M 35997.98M
Long term investments 2226.82M 38162.15M 36387.94M 33914.00M 32737.45M
Net tangible assets 571.81M 450.24M 443.63M 434.49M 405.07M
Short term investments - - - 2414.84M 2188.15M
Net receivables 179.32M 161.97M 182.07M 34405.10M 33081.80M
Long term debt 38353.49M 36940.66M 35346.89M 33417.58M 31855.83M
Inventory - - - - -
Accounts payable - 222.37M 185.77M 58.23M 57.78M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - - - - -
Deferred long term asset charges - - - - -
Non current assets total - - - - -
Capital lease obligations 51.17M 52.87M 22.92M 7.47M -
Long term debt total - - - - -
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
Investments -25.96500M -52.87200M -12.74000M 145.83M -199.59500M
Change to liabilities - 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities - -52.87200M -12.74000M 145.83M -199.59500M
Net borrowings - -412.72100M 345.35M 366.78M 8.71M
Total cash from financing activities -281.68400M -556.73300M 133.05M 216.16M -138.51300M
Change to operating activities - 493.91M -507.73000M -281.94600M 350.44M
Net income 251.23M 197.73M 194.56M 190.23M 177.21M
Change in cash -73.05100M -100.44800M -282.58800M 114.93M 120.59M
Begin period cash flow -1113.29800M -965.42000M -682.83200M -797.75800M -918.34700M
End period cash flow -1186.34900M -1065.86800M -965.42000M -682.83200M -797.75800M
Total cash from operating activities 234.60M 509.16M -402.89400M -247.06400M 458.70M
Issuance of capital stock - - - - -
Depreciation 11.92M 13.62M 9.18M 7.66M 7.81M
Other cashflows from investing activities - -55.60400M -16.90200M -4.61900M -7.67300M
Dividends paid 146.96M 144.01M 137.87M 150.62M 147.22M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock - - - - -
Other cashflows from financing activities - - - - -
Change to netincome - -196.10700M -98.90700M -163.00700M -76.76900M
Capital expenditures 6.48M 12.38M 31.96M 3.58M 5.87M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 161.08M 493.91M -507.73000M 1681.29M 1685.66M
Stock based compensation - - - - -
Other non cash items -190.57700M -197.56200M -87.21500M -2199.65300M -1383.10800M
Free cash flow 228.12M 496.78M -434.85000M -254.54400M 452.82M

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)
FN-PA
First National Financial Corp Pref A
- -% 11.90 3.70 - 2.31 -
FN
First National Financial Corp
0.56 1.27% 44.60 14.36 10.43 4.05 3.97 83.61
ECN
ECN Capital Corp
-0.03 1.05% 2.83 - 14.06 6.36 7.72 8.13 31.09
ECN-PC
ECN Capital Corp
0.27 1.55% 17.67 3.39 - 7.61 -
MKP
MCAN Mortgage Corporation
0.24 1.24% 19.59 8.37 9.90 5.36 1.22 5.96 3.47

Reports Covered

Stock Research & News

Profile

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

First National Financial Corp Pref A

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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