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ECN Capital
(TSX:ECN)
ECN Capital (ECN) vs. iShares MSCI Canada ETF (EWC)
ECN Capital Business Overview & Revenue Model
ECN Capital Earnings Call Summary
ECN Capital Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 278.58M | 220.76M | 159.32M | 196.67M | 119.74M |
| Gross Profit | 221.71M | 88.15M | 17.12M | 90.81M | 51.92M |
| EBITDA | 110.91M | 32.19M | -41.38M | 37.11M | -9.94M |
| Net Income | 21.01M | 7.63M | -106.78M | 15.89M | 969.80M |
Balance Sheet | |||||
| Total Assets | 991.84M | 937.15M | 1.28B | 1.41B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 22.38M | 15.46M | 23.24M | 12.71M | 45.04M |
| Total Debt | 617.41M | 590.94M | 917.70M | 1.03B | 274.60M |
| Total Liabilities | 775.98M | 726.25M | 1.08B | 1.22B | 927.49M |
| Stockholders Equity | 213.52M | 207.48M | 209.49M | 193.68M | 218.63M |
Cash Flow | |||||
| Free Cash Flow | 11.60M | 179.73M | -45.44M | -912.20M | 130.21M |
| Operating Cash Flow | 12.10M | 180.86M | -26.03M | -869.27M | 137.30M |
| Investing Cash Flow | -3.32M | 147.75M | 43.38M | 116.25M | 1.70B |
| Financing Cash Flow | -3.26M | -334.89M | -6.79M | 721.07M | -1.83B |
ECN Capital Technical Analysis
ECN Capital Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | C$997.45M | 5.92 | 15.52% | 6.43% | 11.16% | -14.26% | |
69 Neutral | C$974.82M | 12.70 | 10.50% | 7.33% | 7.74% | -31.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | $1.70B | 7.55 | 18.88% | 4.48% | 13.69% | -16.06% | |
56 Neutral | C$555.27M | 16.13 | 5.52% | 10.00% | -9.00% | -35.22% | |
53 Neutral | C$859.29M | 47.66 | 5.73% | 1.32% | 27.37% | ― | |
50 Neutral | C$639.28M | -3.53 | -137.87% | 1.51% | 36.52% | -1243.96% |
ECN Capital Corporate Events
ECN Capital reported adjusted net income of US$13.6 million, or US$0.05 per share, for the fourth quarter of 2025, with originations of US$662.4 million led by its manufactured housing and RV and marine finance segments. Managed assets stood at US$7.3 billion, while adjusted EBITDA rose year-on-year despite a sequential decline, and the company declared quarterly dividends on both common and preferred shares.
The company is progressing toward its proposed all-cash acquisition by a Warburg Pincus-led investor group through Sinatra CA Acquisition Corp., valuing ECN Capital at approximately C$1.9 billion. Shareholders and the Ontario court have approved the plan of arrangement, and, pending regulatory approvals, the deal is expected to close in the first half of 2026, after which ECN’s common and Series C preferred shares are expected to be delisted from the Toronto Stock Exchange.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.10 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.
ECN Capital reported adjusted net income of US$13.6 million, or US$0.05 per common share, for the fourth quarter of 2025, with originations of US$662.4 million led by its manufactured housing finance segment and managed assets of US$7.3 billion. While adjusted EBITDA rose year over year, quarter-over-quarter profitability softened and operating expenses increased, though net income to common shareholders improved from a loss a year earlier.
The company advanced its previously announced all-cash sale to Sinatra CA Acquisition Corp., an investor vehicle led by Warburg Pincus funds, in a deal valuing ECN at about C$1.9 billion and offering C$3.10 per common share, alongside set cash consideration for its preferred shares. Shareholders and the Ontario court have approved the transaction, which is expected to close in the first half of 2026 subject to regulatory approvals, after which ECN’s common and Series C preferred shares are expected to be delisted, and the board has declared quarterly dividends on both common and preferred shares.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.10 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.
ECN Capital Corp. has secured final court approval from the Ontario Superior Court of Justice for its planned acquisition by a Warburg Pincus–led investor group, clearing a key step in a transaction that will see all common shares and certain preferred share series acquired through a court-approved plan of arrangement. With shareholder backing already in place, the deal now hinges on remaining regulatory and customary closing conditions, and is targeted to close in the first half of 2026, marking a significant ownership transition that could reshape ECN Capital’s strategic direction and capital structure once completed.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.10 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.
Shareholders of ECN Capital Corp. have approved a plan of arrangement under which a newly formed acquisition vehicle controlled by an investor group led by Warburg Pincus will acquire all of the company’s common and preferred shares for cash. The transaction, which passed with strong majorities across all shareholder classes in a special meeting on January 20, 2026, will see common shareholders receive C$3.10 per share and Series C preferred shareholders C$26.00 per share plus accrued dividends, with Series E preferred shareholders also receiving C$3.10 per share plus accrued dividends. Completion remains subject to court approval and regulatory clearances, with closing expected in the first half of 2026, marking a major ownership change that will take ECN Capital under private control and potentially reshape its strategic direction and capital structure.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.10 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.
ECN Capital announced that leading proxy advisory firm Glass Lewis has joined Institutional Shareholder Services in recommending that shareholders vote in favour of the company’s proposed plan of arrangement under which an acquisition vehicle controlled by funds managed by Warburg Pincus would acquire all outstanding common and certain preferred shares for cash. The board of directors, following a special committee review and advice from external financial and legal advisors, has unanimously determined the transaction is in the best interests of the company and fair to affected shareholders, and is urging holders of common, Series C preferred and Series E preferred shares to vote for the deal ahead of the January 16 proxy deadline, ahead of a special meeting scheduled for January 20, 2026.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.10 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.
ECN Capital announced that Institutional Shareholder Services, a leading independent proxy advisory firm, has recommended that shareholders vote in favour of the company’s proposed plan of arrangement under which a Warburg Pincus–led investor group, via newly formed acquisition vehicle Sinatra CA Acquisition Corp., would acquire all outstanding common shares and preferred shares for cash. The board, following a special committee review and external financial and legal advice, has unanimously concluded that the transaction is fair and in the best interests of shareholders, and is urging holders of common and preferred shares to support the deal at a special meeting on January 20, 2026, a step that would mark ECN Capital’s transition to private ownership if approved and deliver immediate cash value to its securityholders.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.10 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.
ECN Capital has filed and begun mailing its management information circular to holders of its common and preferred shares ahead of a special virtual shareholders’ meeting on January 20, 2026, where investors will vote on a proposed plan of arrangement with a purchaser controlled by an investor group led by Warburg Pincus. Under the deal, the acquisition vehicle, Sinatra CA Acquisition Corp., would acquire all outstanding common shares for C$3.10 in cash per share, representing about a 13% premium to the company’s unaffected share price, as well as all Series C preferred shares for C$26.00 plus accrued dividends and all Series E preferred shares for C$3.10 plus accrued dividends; ECN’s board, following a special committee review and external advice, has unanimously determined the transaction is in the company’s best interests and is urging all affected shareholders to vote in favour of the resolutions, setting the stage for a potential change of control that would take the company fully into private hands and crystallize value for existing investors.
The most recent analyst rating on (TSE:ECN) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on ECN Capital stock, see the TSE:ECN Stock Forecast page.