RY 175.42 -0.2162% SHOP 157.15 -0.958% TD 79.04 0.0886% ENB 61.42 0.7711% BN 86.09 -0.3934% TRI 231.36 0.0562% CNQ 47.61 0.8046% CP 105.71 -1.4083% CNR 154.12 -1.2811% BMO 133.23 -0.2396% BNS 77.09 -3.3839% CSU 4762.73 -0.5755% CM 89.48 -0.633% MFC 45.25 -0.2645% ATD 82.67 -0.4336% NGT 58.69 2.2296% TRP 68.72 0.7034% SU 54.51 -1.1067% WCN 268.52 0.1492% L 186.4 1.1998%

MCAN Mortgage Corporation

Financial Services CA MKP

19.62CAD
0.07(0.36%)

Last update at 2024-12-03T15:43:00Z

Day Range

19.5719.66
LowHigh

52 Week Range

13.8318.90
LowHigh

Fundamentals

  • Previous Close 19.55
  • Market Cap702.77M
  • Volume4331
  • P/E Ratio8.37
  • Dividend Yield8.47%
  • Revenue TTM131.16M
  • Revenue Per Share TTM3.65
  • Gross Profit TTM 83.91M
  • Diluted EPS TTM2.20

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 55.07M 63.97M 42.65M 47.74M 36.19M
Minority interest - - - - -
Net income 55.35M 64.36M 42.89M 48.29M 36.29M
Selling general administrative 9.03M 9.08M 6.63M 7.29M 7.80M
Selling and marketing expenses - - - - -
Gross profit 88.43M 96.50M 66.42M 68.83M 44.18M
Reconciled depreciation - - - 0.77M 0.50M
Ebit - - 42.65M 99.08M 84.11M
Ebitda 132.12M 120.34M 98.00M 99.84M 84.61M
Depreciation and amortization - - - 0.77M 0.50M
Non operating income net other - - - - -
Operating income 132.12M 120.34M 98.00M 99.08M 57.19M
Other operating expenses 33.37M 32.53M 23.77M 21.09M 30.23M
Interest expense 77.05M 56.38M 55.35M 51.34M 47.91M
Tax provision -0.28800M -0.39700M -0.24400M -0.55400M -0.10000M
Interest income 134.23M 0.33M 120.13M 0.19M 2.02M
Net interest income 57.18M 44.59M 71.55M 48.43M 48.87M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -0.28800M -0.39700M -0.24400M -0.55400M -0.10000M
Total revenue 88.43M 96.50M 66.42M 68.83M 55.30M
Total operating expenses 33.37M 32.53M 23.77M 21.09M 19.11M
Cost of revenue 72.22M 52.20M 48.59M 45.30M 11.12M
Total other income expense net -77.05000M -56.37500M -55.35200M -51.33600M -20.99900M
Discontinued operations - - - - -
Net income from continuing ops 55.35M 64.36M 42.89M 48.29M 36.29M
Net income applicable to common shares 55.35M 64.36M 42.89M 48.29M 36.29M
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 4739.09M 4078.68M 3808.07M 2728.72M 2179.34M
Intangible assets 0.84M 0.37M 0.35M 0.49M 0.61M
Earning assets - - - - -
Other current assets -146.66900M 45.47M 62.89M 38.08M 35.48M
Total liab 4207.24M 3589.37M 3374.81M 2382.20M 1849.03M
Total stockholder equity 531.84M 489.31M 433.26M 346.51M 330.31M
Deferred long term liab - - - - -
Other current liab -23.87500M -20.54600M -18.70800M -2.05500M -12.85700M
Common stock 406.53M 389.99M 315.34M 234.63M 228.01M
Capital stock 406.53M 389.99M 315.34M 234.63M 228.01M
Retained earnings 124.71M 98.99M 117.41M 111.37M 101.79M
Other liab - - - - 0.02M
Good will 0.34M - - - -
Other assets 54.56M 46.99M 64.22M 38.92M 36.05M
Cash 60.34M 78.21M 122.27M 88.93M 54.45M
Cash and equivalents - 78.21M 122.27M 88.93M 54.45M
Total current liabilities 23.88M 20.55M 18.71M 2.06M 12.86M
Current deferred revenue -41.20500M - - - -
Net debt 6.04M -69.60800M 1572.84M -86.15900M -46.26000M
Short term debt 65.08M 1826.36M 1759.54M 1234.77M 1039.35M
Short long term debt - - - - 253.66M
Short long term debt total 66.38M 8.60M 1695.11M 2.77M 8.19M
Other stockholder equity -124.19800M 0.33M 0.51M 0.51M 0.51M
Property plant equipment - 2.05M 2.39M 2.77M 3.11M
Total current assets 2480.30M 81.32M 3517.29M 2492.54M 1929.86M
Long term investments 2201.78M 3947.94M 223.82M 193.99M 209.70M
Net tangible assets - 488.94M 432.91M 346.02M 329.70M
Short term investments 50.32M - - - -
Net receivables 2419.95M 3.11M 3395.02M 2403.61M 1875.41M
Long term debt - 1740.39M 1535.08M 704.85M 336.07M
Inventory 146.67M - - - -
Accounts payable 23.88M 20.55M 18.71M 2.06M 12.86M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.10M - - -4.17200M -4.02800M
Additional paid in capital - - - - -
Common stock total equity - - - 234.63M 228.01M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -0.33600M -3950.36300M -226.55800M -197.24800M -213.43000M
Deferred long term asset charges - - - - -
Non current assets total 2204.23M 3950.36M 226.56M 197.25M 213.43M
Capital lease obligations - - - - -
Long term debt total - 1742.46M 1537.51M 707.62M 339.21M
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 18.07M 17.86M 15.22M 7.25M 12.60M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities 18.07M 17.70M 15.22M 7.25M 12.60M
Net borrowings -92.36900M 98.20M -5.42200M 4.79M 4.79M
Total cash from financing activities -90.39100M 129.22M -39.86500M -19.75000M -27.59200M
Change to operating activities -18.02100M -142.59300M 36.25M -53.47600M -30.75400M
Net income 55.35M 64.36M 42.89M 48.29M 36.29M
Change in cash -44.05900M 33.34M 34.48M -44.39000M -18.72900M
Begin period cash flow 122.27M 88.93M 54.45M 98.84M 117.57M
End period cash flow 78.21M 122.27M 88.93M 54.45M 98.84M
Total cash from operating activities 28.27M -113.57100M 59.12M -31.89500M -3.73900M
Issuance of capital stock 38.16M 53.22M - 6.14M 7.21M
Depreciation 0.59M 0.68M 0.78M 0.77M 0.50M
Other cashflows from investing activities 18.35M 17.86M 15.53M 7.70M 12.80M
Dividends paid 36.18M 22.20M 34.44M 30.68M 34.80M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock 38.16M 53.22M - 6.14M 7.21M
Other cashflows from financing activities 18.07M 98.55M 15.22M 5.05M 12.60M
Change to netincome -9.65400M -36.02300M -20.80100M -27.30600M -9.95500M
Capital expenditures 0.28M 0.16M 0.31M 0.44M 0.20M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -18.02100M -142.59300M 36.25M -53.64900M -30.86400M
Stock based compensation - - - - -
Other non cash items -9.06600M -35.34000M -20.02200M -27.30600M -9.57200M
Free cash flow 27.98M -113.73200M 58.81M -32.33500M -3.93600M

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) Enterprise Value to EBITDA (x)
MKP
MCAN Mortgage Corporation
0.07 0.36% 19.62 8.37 9.90 5.36 1.22 5.96 3.47
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
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

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. The company was founded in 1980 and is headquartered in Toronto, Canada.

MCAN Mortgage Corporation

200 King Street West, Toronto, ON, Canada, M5H 3T4

Key Executives

Name Title Year Born
Ms. Karen H. Weaver CPA, ICD.D Pres, CEO & Non-Independent Director 1959
Ms. Floriana Cipollone B.Comm., C.A Sr. VP & CFO 1967
Mr. Avish Buck Sr. VP & COO NA
Mr. Carl Scott Brown Sr. VP of Investments & Corp. Devel. NA
Mr. Michael Edward Jensen VP, Chief Compliance Officer and Chief Anti-Money Laundering & Privacy Officer NA
Michelle Liotta VP of HR NA
Mr. Eugene Basolini Pres of MTC Leasing Inc and Chief Operating Officer of MTC Leasing Inc NA
Ms. Sylvia Pinto VP, Corp. Sec. & Governance Officer NA
Ms. Milica Pejic VP & Chief Audit Officer NA
Ms. Nazeera Khan VP & Chief Audit Officer NA

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