Financial 15 Split Corp (FTN) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 17.4%
• Average Volume (3M): 286.00K
• Price to Earnings (P/E): 1.5
• Beta (1Y): 1.17
• Revenue Growth: 11159.62%
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 87
• Industry: Asset Management
• EPS (TTM): 5.85
• Shares Outstanding: 61,531,517
• 10 Day Avg. Volume: 184,265
• 30 Day Avg. Volume: 285,998
• PEG Ratio: 0.05
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Financial 15 Split Corp's recent financial recovery and strong balance sheet are positive indicators, though cash flow issues persist. Technical indicators suggest caution with a bearish trend. However, the stock's low valuation metrics and consistent dividend payouts enhance its appeal as a high-yield investment opportunity.

Financial 15 Split Corp Business Overview & Revenue Model

Company Description

Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc. It is managed by Quadravest Capital Management Inc. It invests in the public equity markets of the United States and Canada. The fund primarily invests in stocks of companies operating in the financials sector. Financial 15 Split Corp. was formed on Nov 14, 2003 and is domiciled in the Canada.

How the Company Makes Money

Financial 15 Split Corp generates revenue primarily through investment income derived from its diversified portfolio of financial services companies. The company employs a split share structure, issuing two types of shares: preferred shares and class A shares. Preferred shareholders receive fixed cumulative dividends, providing a steady income stream for the company. Class A shareholders benefit from capital appreciation and variable dividends, which are contingent on the performance of the underlying assets. FTN's revenue is also enhanced by capital gains realized from strategic buying and selling of securities within its portfolio. The corporation's key partnerships with financial institutions and its active management strategy contribute significantly to its earnings, enabling it to optimize dividend yields and capital returns.

Financial 15 Split Corp Financial Statement Overview

Summary

Financial 15 Split Corp shows recovery in its income statement with strong revenue growth in 2024. The balance sheet is robust with no debt, but persistent negative cash flows and reliance on financing indicate potential operational risks.

Income Statement

The company experienced significant variability in revenue and profitability over recent years. Notably, 2024 saw a substantial increase in revenue and net income, suggesting a recovery from prior losses. Gross profit margin is strong for the latest period at 100%, but historical volatility and negative margins in prior years highlight underlying risks. The lack of EBIT and EBITDA figures for 2024 limits a deeper profitability analysis.

Balance Sheet

The balance sheet shows a strong equity position in 2024, with stockholders' equity surpassing total liabilities, indicating financial stability. The debt-to-equity ratio improved significantly due to the elimination of total debt, which reflects reduced leverage risk. However, the historical presence of significant debt suggests prior financial stress. The equity ratio improved, indicating a healthy capital structure.

Cash Flow

The cash flow statement indicates ongoing challenges, with consistently negative free cash flow over the past years, except for 2020. The operating cash flow to net income ratio is negative, highlighting cash generation issues. Despite positive financing cash flow in 2024, the reliance on external funding raises concerns about operational sustainability.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
372.13M	3.35M	-2.58M	115.67M	-85.55M
	Gross Profit
372.13M	-2.44M	-7.56M	110.73M	-90.45M
	EBIT
368.88M	-1.89M	-5.95M	112.77M	-88.10M
	EBITDA
0.00	-3.41M	0.00	0.00	0.00
	Net Income Common Stockholders
368.88M	-41.17M	-5.95M	112.77M	-88.10M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
159.86M	805.83M	129.12M	28.12M	238.58M
	Total Assets
1.25B	813.07M	670.92M	508.99M	575.74M
	Total Debt
0.00	473.58M	346.49M	236.22M	428.80M
	Net Debt
-159.86M	339.48M	217.37M	208.11M	190.22M
	Total Liabilities
609.20M	503.67M	361.02M	4.30M	1.97M
	Stockholders Equity
645.09M	309.39M	309.90M	267.44M	142.80M
Cash Flow		Free Cash Flow
-66.14M	-127.75M	-59.68M	-34.41M	217.44M
	Operating Cash Flow
-66.14M	-127.75M	-59.68M	-34.41M	217.44M
	Investing Cash Flow
0.00	0.00	-70.33M	-37.20M	202.84M
	Financing Cash Flow
91.50M	132.74M	160.75M	-178.38M	-42.54M

Financial 15 Split Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FTN, the sentiment is Positive. The current price of 8.92 is above the 20-day moving average (MA) of 8.10, above the 50-day MA of 8.10, and above the 200-day MA of 8.22, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 74.16 is Negative, neither overbought nor oversold. The STOCH value of 95.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FTN.

Financial 15 Split Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SBC	74 Outperform		2.86	35.91%	12.24%	10.76%	―
ENS	65 Neutral		2.21	49.05%	11.01%	38.35%	―
GDV	64 Neutral		2.82	39.87%	11.01%	397.23%	162.40%
Sector *	64 Neutral	$12.73B	9.82	7.91%	17015.08%	12.18%	-5.69%
FTN	54 Neutral		1.48		17.40%	11159.62%	―

Financial 15 Split Corp Corporate Events

Financial 15 Split Corp. Declares Monthly Distributions for May 2025

Financial 15 Split Corp. has announced its regular monthly distribution, declaring $0.12570 per Class A share and $0.07083 per Preferred share, payable on May 9, 2025, to shareholders on record as of April 30, 2025. This announcement reflects the company’s ongoing commitment to providing consistent returns to its investors, with Class A shareholders having received a total of $27.07 per share and Preferred shareholders $12.40 per share since inception, highlighting its stable performance in the financial services sector.

Spark’s Take on TSE:FTN Stock

According to Spark, TipRanks’ AI Analyst, TSE:FTN is a Neutral.

Financial 15 Split Corp shows a mixed performance with recent financial recovery and a strong balance sheet but is challenged by negative cash flows. Technical indicators suggest a bearish trend, while valuation metrics indicate potential undervaluation. Corporate events provide positive sentiment, enhancing shareholder trust. Overall, the stock presents a moderately cautious investment opportunity.

To see Spark’s full report on TSE:FTN stock, click here.

Financial 15 Split Corp. Declares Monthly Distributions for April 2025

Financial 15 Split Corp. has announced its regular monthly distribution for its Class A and Preferred shares, with payments scheduled for April 10, 2025. This consistent distribution reflects the company’s stable financial strategy and commitment to providing returns to its shareholders, which may enhance its attractiveness to investors seeking reliable income from financial sector investments.

Financial 15 Split Corp. Extends Termination Date to 2030

Financial 15 Split Corp. has announced an extension of its termination date from December 1, 2025, to December 1, 2030, allowing shareholders to continue benefiting from leveraged exposure to a portfolio of top-tier financial services companies. This extension is expected to defer potential capital gains tax liabilities for shareholders and allows the company to adjust the minimum dividend rate for Preferred Shares based on market conditions, providing continued financial benefits to its investors.

Financial 15 Split Corp. Releases Annual Financial Statements

Financial 15 Split Corp. has released its annual financial statements and management report of fund performance for the fiscal year ending November 30, 2024. These documents are now accessible on the company’s website and on SEDAR+. This release allows stakeholders to review the company’s financial health and performance over the past year, potentially impacting investor decisions and the company’s market position.

Financial 15 Split Corp. Declares Regular Monthly Dividends for March 2025

Financial 15 Split Corp. announced its regular monthly distribution for its Class A and Preferred shares, providing consistent returns to shareholders. The company declared a distribution of $0.12570 per Class A share and $0.07083 per Preferred share, reflecting its ongoing commitment to shareholder value.