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MCAN Mortgage Corp. (TSE:MKP)
TSX:MKP
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MKP Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$14.87 - C$18.15
Previous CloseC$17.77
Volume51.29K
Average Volume (3M)35.30K
Market Cap
C$678.12M
Enterprise ValueC$703.90M
Total Cash (Recent Filing)C$0.00
Total Debt (Recent Filing)C$25.79M
Price to Earnings (P/E)7.8
Beta0.76
Next Earnings
Nov 08, 2024EPS Estimate
C$0.43Last Dividend Ex-Date
Sep 13, 2024Dividend Yield8.77%
Share Statistics
EPS (TTM)2.26
Shares Outstanding38,152,773
10 Day Avg. Volume72,018
30 Day Avg. Volume35,299
Standard Deviation0.06
R-Squared0.43
Alpha0.00504
Financial Highlights & Ratios
Price to Book (P/B)1.18
Price to Sales (P/S)5.48
Price to Cash Flow (P/CF)3.70
P/FCF Ratio2.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$18.00Price Target Upside1.07% Upside
Rating ConsensusHold
Number of Analyst Covering1
MCAN Mortgage News
PremiumCompany Announcements
MCAN Financial Welcomes New CFO Santokh Birk
PremiumCompany Announcements
MCAN Financial Announces Strong Q2 and Dividend
PremiumCompany Announcements
MCAN Financial Group Confirms Board Election Results
PremiumCompany Announcements
MCAN Mortgage Reports Solid Q1 Results
PremiumCompany Announcements
MCAN Financial Group Announces CFO Change
PremiumCompany Announcements
MCAN Financial Group Wins Top Employer Award
PremiumCompany Announcements
MCAN Celebrated for Female Empowerment in Workplace
PremiumCompany Announcements
MCAN Financial’s Successful $28.78M Capital RaiseBulls Say, Bears Say
Bulls Say
Capital PositionComfortable capital position with a 5.1x income-tax-assets-to-capital ratio.
DividendsSustainable 10% dividend yield with a ~70% payout ratio over the forecast period.
Operational PerformanceOperational performance remains consistent with management's strategy supported by broker channel/construction lending relationships, a comfortable capital position, and continued funding diversification.
Bears Say
Corporate SpreadsCorporate spreads are shrinking due to higher effective interest rates on term deposits.
Impaired MortgagesImpaired mortgages are at a decade high, impacting the corporate mortgage portfolio negatively.
Interest RatesHigher effective interest rates on term deposits are putting downward pressure on corporate spreads.
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Options Prices
Currently, No data available
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Ownership Overview
40.13% Insiders
<0.01% Mutual Funds
0.01% Other Institutional Investors
59.85% Public Companies and
Individual Investors
MKP FAQ
What was MCAN Mortgage Corp.’s price range in the past 12 months?
MCAN Mortgage Corp. lowest stock price was C$14.87 and its highest was C$18.15 in the past 12 months.
What is MCAN Mortgage Corp.’s market cap?
Currently, no data Available
When is MCAN Mortgage Corp.’s upcoming earnings report date?
MCAN Mortgage Corp.’s upcoming earnings report date is Nov 08, 2024 which is in 49 days.
How were MCAN Mortgage Corp.’s earnings last quarter?
MCAN Mortgage Corp. released its earnings results on Aug 13, 2024. The company reported C$0.52 earnings per share for the quarter, beating the consensus estimate of C$0.5 by C$0.02.
Is MCAN Mortgage Corp. overvalued?
According to Wall Street analysts MCAN Mortgage Corp.’s price is currently Undervalued.
Does MCAN Mortgage Corp. pay dividends?
MCAN Mortgage Corp. pays a Quarterly dividend of C$0.39 which represents an annual dividend yield of 8.77%. See more information on MCAN Mortgage Corp. dividends here
What is MCAN Mortgage Corp.’s EPS estimate?
MCAN Mortgage Corp.’s EPS estimate is C$0.43.
How many shares outstanding does MCAN Mortgage Corp. have?
MCAN Mortgage Corp. has 38,160,670 shares outstanding.
What happened to MCAN Mortgage Corp.’s price movement after its last earnings report?
MCAN Mortgage Corp. reported an EPS of C$0.52 in its last earnings report, beating expectations of C$0.5. Following the earnings report the stock price went up 0.3%.
Which hedge fund is a major shareholder of MCAN Mortgage Corp.?
Currently, no hedge funds are holding shares in TSE:MKP
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MCAN Mortgage Stock Smart Score
Unlock Smart Score
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Technicals
SMA
Positive
20 days / 200 days
Momentum
19.81%
12-Months-Change
Fundamentals
Return on Equity
14.76%
Trailing 12-Months
Asset Growth
15.13%
Trailing 12-Months
Company Description
MCAN Mortgage Corp.
MCAN Mortgage Corp is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.
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MKP Stock 12 Month Forecast
Average Price Target
C$18.00
▲(1.07% Upside)
Technical Analysis
First National Financial
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Brompton Splt Banc A
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Brookfield Asset Management Ltd. Class A
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