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Canadian (TSX) Mortgage Finance Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
  • 7D-6.0%
  • 3M-2.3%
  • 1Y31.2%
  • YTD26.2%

Over the last 7 days, the Mortgage Finance industry has dropped 6.0%, driven by declines in Equitable Group and First National Financial of 8.4% and 7.8%, respectively. This takes the industry's 12 month performance to a gain of 31%.

Industry Valuation and Performance

Has the Canadian Mortgage Finance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sat, 04 Dec 2021CA$7.0bCA$1.5bCA$711.1m9.1x
Mon, 01 Nov 2021CA$7.1bCA$1.5bCA$729.0m9x
Wed, 29 Sep 2021CA$6.9bCA$1.5bCA$727.8m8.5x
Fri, 27 Aug 2021CA$7.0bCA$1.5bCA$727.7m9.2x
Sat, 03 Jul 2021CA$6.5bCA$1.5bCA$727.7m8.6x
Tue, 06 Apr 2021CA$5.9bCA$1.4bCA$655.7m8.3x
Fri, 08 Jan 2021CA$5.3bCA$1.2bCA$540.1m10.2x
Thu, 01 Oct 2020CA$4.2bCA$1.2bCA$509.8m9.6x
Sun, 05 Jul 2020CA$4.1bCA$1.1bCA$464.5m10x
Wed, 08 Apr 2020CA$3.4bCA$1.1bCA$467.6m8.5x
Tue, 31 Dec 2019CA$6.0bCA$1.2bCA$513.0m11.5x
Fri, 04 Oct 2019CA$5.4bCA$1.1bCA$485.9m11.2x
Mon, 08 Jul 2019CA$4.5bCA$1.0bCA$463.2m14.1x
Sun, 31 Mar 2019CA$4.1bCA$1.0bCA$446.8m10.1x
Wed, 02 Jan 2019CA$3.7bCA$979.3mCA$445.1m9.3x
PE Ratio


Total Market Cap: CA$3.7bTotal Earnings: CA$445.1mTotal Revenue: CA$979.3m0%0%0%3 Year10 Year

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.3x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Mortgage industry have grown 17% per year over the last three years, and revenues for these companies have grown 15% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Mortgage Finance industry?

Thrifts and Mortgage Finance-6.01%

Industry PE: Investors are most optimistic about the Thrifts and Mortgage Finance industry even though it's trading below its 3-year average PE ratio of 10.3x. However analysts are expecting annual earnings growth of 6.7%, which is lower than the prior year's growth of 27% per year. So the market might believe that analysts are underestimating future growth.

Forecasted Growth: Analysts are most optimistic on the Thrifts and Mortgage Finance industry, expecting annual earnings growth of 6.7% over the next 5 years. However this is lower than its past earnings growth rate of 27% per year.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

FDI Findev7.2%+CA$1.0m4.0%PB0.8x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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