MCAN Financial (TSE:MKP)
TSX:MKP
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MCAN Financial
(TSX:MKP)
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Rating:69Neutral
Price Target:
C$27.00
â–²(18.94% Upside)
Action:ReiteratedDate:03/03/26
The score is primarily held back by financial risk factors—most notably the sharp step-up in 2025 leverage and historically volatile cash generation—despite strong profitability. Technicals are supportive (price above key moving averages with positive MACD), and valuation is attractive with a moderate P/E and high dividend yield.
Positive Factors
Profitability
Strong profitability and improved margins indicate effective cost management and operational efficiency, supporting long-term financial health.
Negative Factors
Revenue Growth Challenges
Negative revenue growth suggests difficulties in market expansion or product adoption, which could hinder long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
Strong profitability and improved margins indicate effective cost management and operational efficiency, supporting long-term financial health.
Read all positive factors
MCAN Financial (MKP) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$921.25M
Dividend Yield7.33%
Average Volume (3M)55.88K
Price to Earnings (P/E)11.9
Beta (1Y)0.69
Revenue Growth7.74%
EPS Growth-31.96%
CountryCA
Employees160
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)0.44
Shares Outstanding40,583,820
10 Day Avg. Volume57,358
30 Day Avg. Volume55,882
Financial Highlights & Ratios
PEG Ratio-1.44
Price to Book (P/B)1.38
Price to Sales (P/S)3.01
P/FCF Ratio0.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$24.50Price Target Upside7.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.09
Revenue Forecast (FY)N/A
MCAN Financial Business Overview & Revenue Model
Company Description
MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as...
How the Company Makes Money
MCAN Mortgage generates revenue primarily through interest income earned on the mortgages it originates and manages. The company earns interest from both its residential and commercial mortgage portfolios, which are funded through a combination of...
MCAN Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 295.21M | 298.26M | 245.88M | 165.48M | 152.87M |
| Gross Profit | 181.43M | 127.28M | 123.13M | 88.43M | 96.50M |
| EBITDA | 150.13M | 76.55M | 78.23M | 55.07M | 63.97M |
| Net Income | 74.87M | 77.59M | 77.50M | 55.35M | 64.36M |
Balance Sheet | |||||
| Total Assets | 6.48B | 5.35B | 4.74B | 4.08B | 3.81B |
| Cash, Cash Equivalents and Short-Term Investments | 205.83M | 61.70M | 60.34M | 78.21M | 122.27M |
| Total Debt | 3.47B | 6.17M | 66.38M | 8.60M | 100.97M |
| Total Liabilities | 5.83B | 4.75B | 4.21B | 3.59B | 3.37B |
| Stockholders Equity | 644.85M | 599.19M | 531.84M | 489.31M | 433.26M |
Cash Flow | |||||
| Free Cash Flow | 1.07B | 48.97M | -60.26M | 27.98M | -113.73M |
| Operating Cash Flow | 1.07B | 53.77M | -59.59M | 28.27M | -113.57M |
| Investing Cash Flow | -1.08B | 13.79M | 17.19M | 18.07M | 17.70M |
| Financing Cash Flow | 42.03M | -66.20M | 24.54M | -90.39M | 129.22M |
MCAN Financial Technical Analysis
Positive
22.70
Price Trends
22.84
Negative
22.22
Positive
21.04
Positive
Market Momentum
-0.19
Positive
49.75
Neutral
60.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MKP, the sentiment is Positive. The current price of 22.7 is below the 20-day moving average (MA) of 22.73, below the 50-day MA of 22.84, and above the 200-day MA of 21.04, indicating a neutral trend. The MACD of -0.19 indicates Positive momentum. The RSI at 49.75 is Neutral, neither overbought nor oversold. The STOCH value of 60.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MKP.
MCAN Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$554.15M | 11.42 | 9.36% | 7.95% | -13.69% | -1.60% | |
71 Outperform | C$740.01M | 31.59 | -85.46% | 1.51% | 36.52% | -1243.96% | |
69 Neutral | C$921.25M | 11.86 | 11.93% | 7.33% | 7.74% | -31.96% | |
68 Neutral | C$433.52M | 11.49 | 8.81% | 8.38% | -6.64% | 4.43% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | C$635.62M | 15.26 | 5.89% | 0.49% | 3.31% | -39.12% | |
56 Neutral | C$557.76M | 16.44 | 5.09% | 10.00% | -9.00% | -35.22% |
* Financial Sector Average
TSE:MKP
MCAN Financial
22.89
5.75
33.55%
TSE:AI
Atrium Mortgage Invest
11.69
2.00
20.64%
TSE:FC
Firm Cap Mortgage Invest
11.86
1.14
10.65%
TSE:DLCG
Dominion Lending Centres, Inc. (Canada) Class A
9.41
1.70
22.02%
TSE:TF
Timbercreek Financial
6.70
0.89
15.32%
TSE:VBNK
Versabank
19.82
6.53
49.16%
MCAN Financial Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
MCAN Financial Posts Steady 2025 Results, Lifts Dividend as Mortgage Assets Surge
Positive
Feb 24, 2026
MCAN Financial Group reported steady 2025 earnings despite falling interest rates, supported by a 30% year-over-year increase in assets under management to $7.8 billion and record residential mortgage originations. Net income for the year slipped ...
Business Operations and StrategyRegulatory Filings and Compliance
Global Atomic Amends Dasa Technical Report After OSC Review
Positive
Jan 13, 2026
Global Atomic Corporation has filed an amended Technical Report for its Dasa uranium project following a review by the Ontario Securities Commission, addressing regulator feedback by removing broad disclaimer language, formalizing reliance on othe...
Business Operations and StrategyExecutive/Board Changes
MCAN Financial Group Bolsters Executive Ranks to Support Long-Term Growth
Positive
Jan 13, 2026
MCAN Financial Group has overhauled and expanded its leadership ranks across investments, finance, risk, and human resources as it pursues long-term growth and greater resilience in a changing market. The company has hired Becky Lee as Vice Presid...
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.