Breakdown | |||||
TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
204.39M | 127.28M | 123.94M | 88.43M | 96.50M | 66.42M | Gross Profit |
93.50M | 127.28M | 32.94M | 32.99M | 55.59M | 26.87M | EBIT |
73.55M | 76.55M | 90.36M | 132.12M | 63.97M | 42.65M | EBITDA |
84.77M | 104.94M | 96.08M | 132.12M | 63.97M | 42.65M | Net Income Common Stockholders |
70.96M | 77.59M | 77.50M | 55.35M | 64.36M | 42.89M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
154.03M | 61.70M | 60.34M | 78.21M | 122.27M | 88.93M | Total Assets |
2.24B | 5.35B | 4.74B | 4.08B | 3.81B | 2.73B | Total Debt |
1.09B | 6.17M | 66.38M | 8.60M | 1.70B | 2.77M | Net Debt |
993.17M | -55.53M | -60.34M | -69.61M | 1.57B | -86.16M | Total Liabilities |
1.96B | 4.75B | 4.21B | 3.59B | 3.37B | 2.38B | Stockholders Equity |
285.71M | 599.19M | 531.84M | 489.31M | 433.26M | 346.51M |
Cash Flow | Free Cash Flow | ||||
-38.32M | 48.97M | -60.26M | 27.98M | -113.73M | 58.81M | Operating Cash Flow |
-30.66M | 53.77M | -59.59M | 28.27M | -113.57M | 59.12M | Investing Cash Flow |
12.59M | 13.79M | 17.19M | 18.07M | 17.70M | 15.22M | Financing Cash Flow |
53.34M | 21.92M | 24.54M | -90.39M | 129.22M | -39.87M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
75 Outperform | C$614.03M | 13.23 | 6.74% | 9.30% | -8.68% | -25.42% | |
74 Outperform | C$761.11M | 10.50 | 11.99% | 8.13% | 19.71% | -15.59% | |
68 Neutral | C$532.44M | 10.75 | 9.47% | 8.11% | -1.56% | -9.70% | |
67 Neutral | C$455.16M | 12.16 | 8.89% | 7.55% | -4.56% | 0.77% | |
64 Neutral | $12.86B | 9.79 | 7.78% | 16985.65% | 12.28% | -7.82% | |
64 Neutral | C$746.31M | 37.65 | -151.96% | 1.37% | 35.48% | -4412.25% | |
$340.81M | 13.05 | 6.79% | 0.69% | ― | ― |
MCAN Financial Group announced the election results for its board of directors during the 2025 Annual and Special Meeting of Shareholders. All director nominees were successfully elected, reflecting strong shareholder support. This outcome reinforces MCAN’s governance stability and may positively influence its strategic initiatives and stakeholder confidence.
MCAN Financial Group reported a net income of $16.6 million for Q1 2025, a decrease from $23.2 million in the same quarter of 2024, primarily due to higher provisions for credit losses amid challenging economic conditions. Despite these challenges, the company maintains a strong liquidity and capital position, and continues to focus on growth in its lending portfolio. The board declared a regular cash dividend of $0.41 per share for the second quarter, reflecting its strategy to distribute all taxable income to shareholders. Total assets increased to $5.4 billion, with notable growth in non-securitized assets and uninsured residential mortgage originations.
MCAN Financial Group has been recognized as one of Canada’s Most Admired Corporate Cultures for 2025 by Waterstone Human Capital. This accolade highlights MCAN’s commitment to a people-first culture, emphasizing values such as diversity, resilience, and innovation. The company’s focus on employee development and inclusion not only strengthens its internal culture but also enhances its service delivery to clients and partners. This recognition underscores MCAN’s strategic emphasis on culture as a driver of growth and community impact, positioning it as a leader in corporate culture best practices.
MCAN Financial Group has successfully planted over 25,000 trees across Canada in partnership with One Tree Planted, reflecting its commitment to sustainability and environmental impact. This initiative, which plants four trees for every mortgage financed, aims to address reforestation needs in Canada and underscores MCAN’s dedication to environmental stewardship and fostering a values-driven corporate culture.
MCAN Mortgage Corporation has appointed Derek Sutherland as its new President and CEO, effective April 1, 2025. Sutherland, who has been with the company in various leadership roles since 2017, including Interim CEO and Chair of the Board, is expected to lead MCAN with a focus on sustainable growth and shareholder returns. His appointment is seen as a strategic move to leverage his extensive experience in finance, risk management, and governance to strengthen MCAN’s market position and operational success.