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MCAN Mortgage Corporation

MCAN Mortgage Corporation

MKP · TO · Financial Services / Mortgage Finance

21.75CAD+0.17 (+0.79%)

Price History

Full chart

Market Stats

Previous Close21.58
Open21.58
Day Range21.58 – 21.87
52-Week Range18.83 – 26.13
Volume173.99K
Market Cap860.43M
P/E (TTM)9.97
Forward P/E10.12
EPS2.11
Dividend Yield8.21%
Beta0.66
50-Day Avg22.48
200-Day Avg23.54

About

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in real estate lending and investing, including residential mortgage and construction lending, non-residential construction and commercial lending, as well as portfolio of securities, loans, real estate investments and private investment activities. It also provides term deposits through a network of independent financial agents, as well as through a direct-to-consumer channel. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1991 and is headquartered in Toronto, Canada.

Company Details

  • SectorFinancial Services
  • IndustryMortgage Finance
  • CEOMr. Derek G. Sutherland C.A., CPA, CBV
  • Employees163
  • Headquarters200 King Street West, Toronto, ON, Canada, M5H 3T4, Canada
  • Websitehttps://mcanfinancial.com

Leadership

  • Mr. Derek G. Sutherland C.A., CPA, CBVPresident, CEO & Director · b. 1971
  • Mr. Santokh BirkSenior VP & CFO
  • Mr. Avish BuckSenior VP, COO & President of MCAN Home Mortgage Corporation
  • Mr. Carl Scott BrownSenior Vice President of Investments & Corporate Development
  • Mr. Aaron John CorrSenior VP & Chief Risk Officer
  • Mr. Peter RyanVice President of Finance and Investor Relations
  • Mr. Michael Edward JensenVP, Chief Compliance Officer and Chief Anti Money Laundering & Privacy Officer
  • Susan HanVP & Chief Audit Executive
  • Mr. Dale KleinChief Executive Officer of Canada ICI Capital Corporation · b. 1964
  • Ms. Sylvia PintoVP, Corporate Secretary & Governance Officer

Financials

Income Statement

Currency: CAD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue14.70M13.60M14.70M14.70M34.86M38.38M38.65M29.64M34.56M32.79M37.60M42.14M61.22M48.57M78.01M78.88M27.79M41.49M38.86M47.55M57.27M58.79M55.30M120.16M66.42M96.50M88.43M245.88M298.26M295.21M
Growth (%)--7.48%+8.09%0.00%+137.17%+10.08%+0.71%-23.31%+16.60%-5.12%+14.66%+12.08%+45.29%-20.66%+60.61%+1.12%-64.77%+49.31%-6.36%+22.38%+20.44%+2.66%-5.94%+117.29%-44.72%+45.27%-8.35%+178.04%+21.30%-1.02%
Cost of Revenue------------25.14M17.93M39.95M47.17M59.42M37.95M38.17M46.83M49.04M46.28M11.12M51.34M48.59M52.20M72.22M122.75M170.98M113.78M
Gross Profit14.70M13.60M14.70M14.70M34.86M38.38M38.65M29.64M34.56M32.79M37.60M42.14M36.08M30.64M38.06M31.71M-31.63M3.54M682.00K720.00K8.23M12.51M44.18M68.83M66.42M96.50M88.43M123.13M127.28M181.43M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%58.94%63.09%48.79%40.20%-113.82%8.53%1.76%1.51%14.36%21.29%79.90%57.28%100.00%100.00%100.00%50.08%42.67%61.46%
Operating Expense-1.20M10.60M-1.60M11.90M-9.37M-9.44M-6.34M21.25M10.04M3.58M3.86M4.11M5.73M5.90M6.10M6.86M-47.87M-26.41M-25.77M-32.05M-31.29M-27.17M-13.01M21.09M-31.58M-23.84M-43.68M44.90M50.73M67.01M
Operating Income15.90M3.00M16.30M2.80M44.23M47.81M44.98M8.39M24.52M29.20M33.74M38.03M30.35M24.74M31.96M24.85M16.24M29.95M26.46M32.77M39.52M39.68M57.19M47.74M98.00M120.34M132.12M78.23M76.55M114.42M
Operating Margin108.16%22.06%110.88%19.05%126.87%124.59%116.39%28.32%70.94%89.07%89.74%90.25%49.57%50.94%40.97%31.50%58.43%72.18%68.09%68.91%69.00%67.50%103.42%39.73%147.54%124.71%149.40%31.82%25.67%38.76%
EBITDA15.90M3.00M16.30M2.80M45.35M49.14M48.19M12.13M26.38M29.91M34.50M38.91M55.38M38.52M33.97M32.13M9.46M57.28M20.89M23.02M39.52M39.68M41.45M48.51M42.65M63.97M132.12M78.23M76.55M150.13M
EBITDA Margin108.16%22.06%110.88%19.05%130.07%128.05%124.70%40.93%76.31%91.21%91.75%92.33%90.46%79.32%43.55%40.74%34.04%138.05%53.77%48.41%69.00%67.50%74.94%40.37%64.21%66.29%149.40%31.82%25.67%50.86%
Net Income2.70M2.90M2.70M2.70M6.21M6.79M5.43M8.25M11.60M14.12M15.21M14.84M30.35M24.74M26.66M27.10M21.49M30.20M25.45M32.86M40.18M39.93M36.29M48.29M42.89M64.36M55.35M77.50M77.59M74.87M
Net Income Margin18.37%21.32%18.37%18.37%17.81%17.71%14.05%27.82%33.57%43.05%40.46%35.22%49.57%50.94%34.17%34.36%77.34%72.79%65.49%69.10%70.16%67.92%65.63%40.19%64.58%66.70%62.59%31.52%26.01%25.36%
R&D--------------------0.280.280.260.310.10.30.190.25--
R&D as % of Total Revenue--------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense10.60M010.30M011.61M11.64M9.63M012.12M15.08M18.63M23.21M20.68M13.13M7.62M12.29M48.18M37.58M39.16M46.56M49.25M46.39M47.91M51.34M55.35M56.38M77.05M122.75M170.98M73.24M
Interest Expense % of Total Revenue72.11%0.00%70.07%0.00%33.30%30.33%24.92%0.00%35.08%45.98%49.54%55.09%33.79%27.04%9.77%15.58%173.37%90.58%100.77%97.91%86.00%78.90%86.64%42.72%83.33%58.42%87.13%49.92%57.33%24.81%

Balance Sheet

Currency: CAD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets183.60M194.30M200.90M211.70M246.46M221.60M326.55M369.48M454.37M434.37M498.11M557.42M570.15M506.68M578.70M3.89B2.99B2.09B1.81B2.25B2.28B2.22B2.14B2.18B2.73B3.81B4.08B4.74B5.35B6.48B
Total Liabilities147.50M158.20M164.80M175.70M203.51M173.45M268.17M307.74M379.40M353.20M413.50M454.42M453.55M383.80M449.33M3.74B2.80B1.88B1.58B1.99B2.00B1.92B1.83B1.85B2.38B3.37B3.59B4.21B4.75B5.83B
Total Equity36.10M36.10M36.10M36.00M42.95M48.15M58.38M61.74M74.97M81.16M84.61M103.01M116.61M122.88M129.37M158.47M181.91M214.90M225.30M258.80M281.78M296.98M306.69M330.31M346.51M433.26M489.31M531.84M599.19M644.85M
Cash-------31.39M47.31M33.09M17.68M53.80M58.07M89.84M89.37M51.31M123.83M64.94M51.09M75.76M111.73M117.57M98.84M54.45M88.93M122.27M78.21M60.34M61.70M151.68M
Total Debt138.20M151.60M157.40M174.30M194.68M164.22M252.00M285.72M371.33M347.18M408.73M445.37M433.76M365.79M421.06M3.71B2.02B1.07B746.06M1.12B1.13B1.02B897.93M1.38B1.94B3.30B3.57B66.38M6.17M3.47B
Net Debt138.20M151.60M157.40M174.30M194.68M164.22M252.00M254.32M324.02M314.09M391.05M391.56M375.69M275.95M331.69M3.66B1.89B1.01B694.97M994.54M960.05M898.13M-98.84M-46.26M-86.16M1.57B-69.61M6.04M-55.53M3.32B

Cash Flow

Currency: CAD1996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.80M3.00M3.10M2.80M-2.52M3.62M8.68M-1.42M-1.47M11.47M14.85M16.48M12.83M23.44M30.14M389.25M-443.62M-654.11M14.92M21.98M52.35M23.66M-3.74M-31.89M59.12M-113.57M28.27M-59.59M53.77M1.07B
Investing Cash Flow6.60M-12.10M-4.40M-10.70M3.20M29.67M-112.20M-4.75M-92.93M6.00M-79.95M-22.39M22.33M93.65M-75.46M-428.64M518.26M596.59M7.51M4.19M6.32M6.52M12.60M7.25M15.22M17.70M18.07M17.19M13.79M-1.08B
Financing Cash Flow-3.50M7.80M3.80M7.10M13.02M-34.16M94.01M28.13M110.32M-31.69M49.69M42.23M-30.90M-85.32M44.85M5.40M-2.12M-1.36M-36.28M-1.50M-22.70M-24.33M-27.59M-19.75M-39.87M129.22M-90.39M24.54M-66.20M42.03M
Capital Expenditure00001.31M762.00K3.99M2.53M282.00K866.00K492.00K1.01M00000327.00K327.00K735.00K572.00K401.00K197.00K440.00K307.00K161.00K282.00K669.00K4.80M2.99M
Free Cash Flow2.80M3.00M3.10M2.80M-3.83M2.85M4.69M-3.95M-1.75M10.60M14.36M15.47M12.83M23.44M30.14M389.25M-443.62M-654.11M14.59M21.25M51.78M23.25M-3.94M-32.34M58.81M-113.73M27.98M-60.26M48.97M1.07B
Dividends Paid2.90M2.90M2.70M2.80M5.26M5.46M6.10M6.40M11.26M11.49M14.19M12.56M13.32M20.40M17.09M27.30M24.31M22.03M23.02M23.94M26.56M28.76M34.80M24.54M34.44M22.20M36.18M35.33M42.28M54.13M
FCF to OCF100.00%100.00%100.00%100.00%152.21%78.93%54.02%278.17%119.22%92.45%96.69%93.85%100.00%100.00%100.00%100.00%100.00%100.00%97.81%96.66%98.91%98.30%105.27%101.38%99.48%100.14%99.00%101.12%91.07%99.72%
Dividend Paid to FCF103.57%96.67%87.10%100.00%-137.30%191.17%130.10%-162.13%-643.68%108.38%98.84%81.22%103.78%87.03%56.70%7.01%-5.48%-3.37%157.77%112.67%51.30%123.67%-884.07%-75.90%58.57%-19.52%129.28%-58.62%86.34%5.08%

Earnings

Report DateMar 31, 2002Jun 30, 2002Sep 30, 2002Dec 31, 2002Mar 31, 2003Jun 30, 2003Sep 30, 2003Dec 31, 2003Mar 31, 2004Jun 30, 2004Sep 30, 2004Dec 31, 2004Mar 31, 2005Jun 30, 2005Sep 30, 2005Dec 31, 2005Mar 31, 2006Jun 30, 2006Sep 30, 2006Dec 31, 2006Mar 31, 2007Jun 30, 2007Sep 30, 2007Dec 31, 2007Mar 31, 2008Jun 30, 2008Sep 30, 2008Dec 31, 2008Mar 31, 2009Jun 30, 2009Sep 30, 2009Dec 31, 2009Mar 31, 2010Jun 30, 2010Sep 30, 2010Mar 2, 2011Jun 1, 2011Aug 31, 2011Nov 11, 2011Feb 16, 2012May 14, 2012Aug 9, 2012Nov 8, 2012Mar 1, 2013May 14, 2013Aug 13, 2013Nov 13, 2013Feb 25, 2014May 7, 2014Aug 13, 2014Nov 6, 2014Feb 23, 2015May 6, 2015Aug 12, 2015Nov 5, 2015Feb 26, 2016May 11, 2016Aug 11, 2016Nov 11, 2016Feb 24, 2017May 9, 2017Aug 11, 2017Nov 10, 2017Feb 23, 2018May 8, 2018Aug 8, 2018Nov 7, 2018Feb 22, 2019May 7, 2019Aug 7, 2019Nov 8, 2019Feb 26, 2020May 12, 2020Aug 13, 2020Nov 9, 2020Feb 24, 2021May 11, 2021Aug 13, 2021Nov 5, 2021Feb 23, 2022May 10, 2022Aug 9, 2022Nov 10, 2022Feb 22, 2023May 8, 2023Aug 7, 2023Nov 5, 2023Feb 25, 2024May 6, 2024Aug 12, 2024Nov 11, 2024Feb 24, 2025May 7, 2025Aug 6, 2025Nov 5, 2025Feb 23, 2026May 5, 2026Jul 30, 2026Nov 5, 2026
EPS Estimate--------------------------------------0.300.300.450.330.340.270.300.340.330.480.360.400.350.270.320.460.290.340.340.360.380.400.360.440.400.390.380.470.400.360.500.330.36----------0.240.420.460.510.630.700.670.700.500.440.470.520.490.460.480.470.510.50
EPS Actual0.150.030.160.190.190.190.190.220.230.390.200.230.340.220.210.370.240.270.270.410.340.320.210.220.350.330.710.670.440.380.450.410.320.380.590.410.470.420.450.300.260.370.240.380.280.270.460.320.340.300.230.320.210.560.320.420.320.590.430.390.420.390.420.450.450.470.410.140.600.370.600.41-0.400.310.920.890.640.730.470.570.520.130.370.750.670.460.530.560.650.520.700.200.430.510.520.430.570.59-
Surprise--------------------------------------50.00%0.00%-42.22%12.12%-29.41%40.74%-6.67%-20.59%39.39%-33.33%-5.56%-25.00%-34.29%18.52%-34.38%21.74%10.34%23.53%-5.88%63.89%13.16%-2.50%16.67%-11.36%5.00%15.38%18.42%0.00%2.50%-61.11%20.00%12.12%66.67%-----------45.83%-11.90%63.04%31.37%-26.98%-24.29%-16.42%-7.14%4.00%59.09%-57.45%-17.31%4.08%13.04%-10.42%21.28%15.69%-
Timing--------------------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hoursAfter-hours-After-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-market-Pre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap860.43M
Enterprise Value4.50B
Trailing P/E9.97
Forward P/E10.12
PEG Ratio0.00
Price / Sales5.78
Price / Book1.30
EPS2.11
Book Value16.31
Revenue (TTM)148.98M
Gross Profit (TTM)148.98M
Profit Margin57.14%
Operating Margin57.34%
Return on Equity13.22%
Return on Assets1.38%
Shares Outstanding40.91M
Shares Float39.40M
Beta0.66
Dividend Yield8.21%
Dividend Rate1.70
Payout Ratio80.57%

Dividends

20263×
0.43Sep 15, 20260.43Jun 15, 20260.43Mar 13, 2026
20254×
0.41Dec 15, 20250.41Sep 15, 20250.41Jun 13, 20250.41Mar 14, 2025
20244×
0.39Dec 13, 20240.39Sep 13, 20240.39Jun 14, 20240.39Mar 14, 2024
20234×
0.38Dec 14, 20230.38Sep 14, 20230.36Jun 14, 20230.36Mar 14, 2023
20224×
0.36Dec 14, 20220.36Sep 14, 20220.36Jun 14, 20220.36Mar 14, 2022
20214×
0.32Dec 14, 20210.32Sep 14, 20210.32Jun 14, 20211.13Mar 12, 2021
20201×
0.32Dec 14, 2020

Stock Splits

  • Mar 14, 20221052:1000