Firm Cap Mortgage Invest (TSE:FC)
TSX:FC
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Firm Cap Mortgage Invest
(TSX:FC)
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Rating:68Neutral
Price Target:
C$13.00
â–²(10.08% Upside)
Action:DowngradedDate:03/24/26
The score is primarily supported by solid underlying financial performance (high profitability and improving leverage) and an attractive valuation/income profile (moderate P/E with a high dividend yield). These positives are tempered by weaker technical momentum and historical cash-flow volatility, with the special dividend/payout confirmation providing a modest additional support.
Positive Factors
High Profitability
Consistently high net margins and solid profitability indicate the business converts mortgage yield into earnings efficiently. Durable margins support the firm's ability to fund dividends, build capital buffers and absorb cyclical credit shocks typical in mortgage investing.
Negative Factors
Cash-Flow Volatility
Material swings in operating cash flow across years highlight timing and working-capital sensitivity in mortgage collections and repayments. Uneven cash generation raises the risk that distributions or reinvestment plans will face short-term strain during adverse credit or funding episodes.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Consistently high net margins and solid profitability indicate the business converts mortgage yield into earnings efficiently. Durable margins support the firm's ability to fund dividends, build capital buffers and absorb cyclical credit shocks typical in mortgage investing.
Read all positive factors
Firm Cap Mortgage Invest (FC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$451.52M
Dividend Yield8.38%
Average Volume (3M)42.31K
Price to Earnings (P/E)11.5
Beta (1Y)0.47
Revenue Growth-2.78%
EPS Growth2.44%
CountryCA
Employees1
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)1.02
Shares Outstanding36,739,037
10 Day Avg. Volume51,687
30 Day Avg. Volume42,308
Financial Highlights & Ratios
PEG Ratio-1.29
Price to Book (P/B)1.01
Price to Sales (P/S)6.45
P/FCF Ratio9.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.50Price Target Upside5.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.01
Revenue Forecast (FY)C$58.32M
Firm Cap Mortgage Invest Business Overview & Revenue Model
Company Description
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. It engages in originating, funding, purchas...
Firm Cap Mortgage Invest Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 66.72M | 68.63M | 66.22M | 58.02M | 45.30M |
| Gross Profit | 62.01M | 50.82M | 40.81M | 40.14M | 35.36M |
| EBITDA | 49.91M | 58.66M | 34.16M | 32.23M | 29.99M |
| Net Income | 37.47M | 35.23M | 34.16M | 32.23M | 29.99M |
Balance Sheet | |||||
| Total Assets | 594.78M | 631.22M | 589.61M | 656.18M | 640.28M |
| Cash, Cash Equivalents and Short-Term Investments | 14.26M | 0.00 | 9.37M | 0.00 | 0.00 |
| Total Debt | 160.85M | 199.90M | 182.80M | 251.24M | 252.36M |
| Total Liabilities | 169.66M | 207.84M | 190.42M | 257.13M | 257.61M |
| Stockholders Equity | 425.12M | 423.39M | 399.19M | 399.05M | 382.67M |
Cash Flow | |||||
| Free Cash Flow | 47.26M | -13.76M | 63.47M | 51.86M | 40.95M |
| Operating Cash Flow | 47.26M | -13.76M | 63.47M | 51.86M | 40.95M |
| Investing Cash Flow | 42.67M | 0.00 | 62.79M | -18.80M | -83.19M |
| Financing Cash Flow | -63.98M | -7.30M | -88.26M | -27.75M | 40.35M |
Firm Cap Mortgage Invest Technical Analysis
Positive
11.81
Price Trends
11.96
Positive
11.76
Positive
11.61
Positive
Market Momentum
0.11
Negative
70.54
Negative
88.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FC, the sentiment is Positive. The current price of 11.81 is below the 20-day moving average (MA) of 11.92, below the 50-day MA of 11.96, and above the 200-day MA of 11.61, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 70.54 is Negative, neither overbought nor oversold. The STOCH value of 88.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FC.
Firm Cap Mortgage Invest Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$582.96M | 11.42 | 9.36% | 7.95% | -12.49% | -3.14% | |
70 Outperform | C$1.04B | 11.86 | 11.93% | 7.33% | 10.47% | 9.78% | |
68 Neutral | C$451.52M | 11.49 | 8.81% | 8.38% | -2.78% | 2.44% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | C$561.89M | 16.44 | 5.09% | 10.00% | -9.22% | -25.22% | |
54 Neutral | C$602.42M | 17.05 | 14.44% | 8.78% | -7.51% | 55.53% |
* Financial Sector Average
TSE:FC
Firm Cap Mortgage Invest
12.29
1.50
13.87%
TSE:AI
Atrium Mortgage Invest
12.14
2.25
22.76%
TSE:FSZ
Fiera Capital A
5.65
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-7.94%
TSE:MKP
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TSE:TF
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8.74%
Firm Cap Mortgage Invest Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Firm Capital Posts Higher 2025 Earnings, Trims Portfolio but Maintains Monthly Dividend
Neutral
Mar 13, 2026
Firm Capital Mortgage Investment Corporation reported a 4.7% decline in fourth-quarter 2025 net income to $8.7 million, though full-year net income rose 6.4% to $37.5 million, with annual earnings per share edging up to $1.02. The mortgage investm...
DividendsFinancial Disclosures
Firm Capital Confirms Special Year-End Dividend and Sets 2026 Payouts
Positive
Jan 8, 2026
Firm Capital Mortgage Investment Corporation has confirmed a special year-end dividend of $0.084 per common share, bringing the total December 2025 distribution to $0.162 per share, payable on January 15, 2026 to shareholders of record on December...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.