M Split Corp. 14 Cap (TSE:XMF.A)
TSX:XMF.A
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M Split Corp. 14 Cap
(TSX:XMF.A)
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Rating:53Neutral
Price Target:
C$0.89
▼(-24.10% Downside)
Action:ReiteratedDate:03/01/26
The score is held back primarily by financial-statement risk, led by very high leverage, an unstable equity base, and uneven cash flow despite the 2025 revenue rebound and positive margins. Technicals are mixed with only modest trend support, while valuation is a relative positive due to the low P/E.
Positive Factors
Split-share business model
The split-share structure is a durable product allowing distinct risk/return classes, attracting investors seeking packaged income or capital exposure. This business model supports recurring fee or distribution mechanics and niche demand that can persist across market cycles, underpinning stable client flows.
Negative Factors
Extremely high leverage
Very high leverage materially increases financial fragility: interest burden, refinancing risk, and sensitivity to asset value swings. Over a 2-6 month horizon this limits strategic flexibility, amplifies downside in stress, and makes the firm vulnerable to rising rates or portfolio drawdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Split-share business model
The split-share structure is a durable product allowing distinct risk/return classes, attracting investors seeking packaged income or capital exposure. This business model supports recurring fee or distribution mechanics and niche demand that can persist across market cycles, underpinning stable client flows.
Read all positive factors
M Split Corp. 14 Cap (XMF.A) vs. iShares MSCI Canada ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)747.00
Price to Earnings (P/E)0.6
Beta (1Y)0.73
Revenue Growth2201.59%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.32
Shares Outstanding2,275,548
10 Day Avg. Volume1,731
30 Day Avg. Volume747
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.47
Price to Sales (P/S)0.42
P/FCF Ratio6.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
M Split Corp. 14 Cap Business Overview & Revenue Model
Company Description
M Split Corp. is a close-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in the stocks of companies engaged in the financial sector. It invests...
How the Company Makes Money
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M Split Corp. 14 Cap Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
24
Negative
Cash Flow
41
Neutral
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.34M | 1.70M | 1.88M | 1.28M | 810.41K |
| Gross Profit | 4.25M | 1.57M | 1.88M | 1.36M | 894.88K |
| EBITDA | 1.16M | 8.99M | 0.00 | 853.46K | 853.46K |
| Net Income | 431.43K | 304.30K | 1.61M | 1.09M | 598.35K |
Balance Sheet | |||||
| Total Assets | 14.04M | 23.25M | 15.14M | 14.51M | 14.13M |
| Cash, Cash Equivalents and Short-Term Investments | 13.92M | 23.08M | 14.95M | 14.33M | 13.93M |
| Total Debt | 13.15M | 22.76M | 15.00M | 14.24M | 14.01M |
| Total Liabilities | 13.30M | 22.95M | 71.12K | 71.12K | 71.12K |
| Stockholders Equity | 735.68K | 304.30K | 0.00 | 14.44M | 14.06M |
Cash Flow | |||||
| Free Cash Flow | 288.81K | 3.54M | 488.68K | 1.77M | 999.27K |
| Operating Cash Flow | 288.81K | 3.54M | 488.68K | 1.77M | 999.27K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -10.40M | -853.46K | -853.46K | -853.46K | -853.46K |
M Split Corp. 14 Cap Technical Analysis
Negative
1.17
Price Trends
0.98
Negative
0.94
Negative
0.76
Positive
Market Momentum
-0.03
Negative
40.22
Neutral
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XMF.A, the sentiment is Negative. The current price of 1.17 is above the 20-day moving average (MA) of 0.91, above the 50-day MA of 0.98, and above the 200-day MA of 0.76, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 40.22 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:XMF.A.
M Split Corp. 14 Cap Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | C$39.37M | ― | 26.15% | 10.21% | 818.69% | -12.12% | |
56 Neutral | C$107.23M | ― | -7.26% | 17.81% | ― | ― | |
53 Neutral | ― | 0.62 | 200.00% | ― | 2201.59% | ― | |
50 Neutral | C$816.63M | -14.64 | -6.91% | ― | 333.02% | -196.36% | |
| ― | C$24.01M | ― | 46.99% | 8.54% | 126.51% | 10525.53% |
* Financial Sector Average
TSE:XMF.A
M Split Corp. 14 Cap
0.88
0.25
40.00%
TSE:WED
Westaim
24.50
-6.55
-21.10%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
9.36
1.97
26.64%
TSE:BNK
Big Banc Split
17.92
6.49
56.82%
TSE:PWI
Sustainable Power & Infrastructure Split
11.99
5.14
75.09%
M Split Corp. 14 Cap Corporate Events
Dividends
M Split Corp. Declares Monthly Dividend for Class I Preferred Shares
Positive
Mar 18, 2026
M Split Corp. has declared a monthly cash distribution of $0.03125 per Class I Preferred share, equivalent to $0.375 on an annualized basis. The dividend represents a 7.50% annual rate based on the $5 notional issue price, reinforcing the fundR...
Dividends
M Split Corp. Declares Monthly Dividends on Class I and II Preferred Shares
Positive
Feb 19, 2026
M Split Corp. has declared a monthly dividend of $0.03125 per share for both its Class I and Class II preferred shares, equivalent to an annualized $0.375 per share for Class I holders. The distributions, which correspond to a 7.50% annual rate on...
Dividends
M Split Corp. Declares Monthly Dividends for Class I and II Preferred Shares
Positive
Jan 20, 2026
M Split Corp. has declared a monthly cash dividend of $0.03125 per share (equivalent to $0.375 annually) for both its Class I and Class II Preferred Shares, payable on February 10, 2026, to shareholders of record as of January 30, 2026. The Class ...
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.