Timbercreek Financial (TSE:TF) Has Announced A Dividend Of CA$0.058
Timbercreek Financial Corp. ( TSE:TF ) has announced that it will pay a dividend of CA$0.058 per share on the 15th of...
Has the Canadian Mortgage Finance Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||CA$7.0b||CA$1.5b||CA$711.1m||9.1x|
|Mon, 01 Nov 2021||CA$7.1b||CA$1.5b||CA$729.0m||9x|
|Wed, 29 Sep 2021||CA$6.9b||CA$1.5b||CA$727.8m||8.5x|
|Fri, 27 Aug 2021||CA$7.0b||CA$1.5b||CA$727.7m||9.2x|
|Sat, 03 Jul 2021||CA$6.5b||CA$1.5b||CA$727.7m||8.6x|
|Tue, 06 Apr 2021||CA$5.9b||CA$1.4b||CA$655.7m||8.3x|
|Fri, 08 Jan 2021||CA$5.3b||CA$1.2b||CA$540.1m||10.2x|
|Thu, 01 Oct 2020||CA$4.2b||CA$1.2b||CA$509.8m||9.6x|
|Sun, 05 Jul 2020||CA$4.1b||CA$1.1b||CA$464.5m||10x|
|Wed, 08 Apr 2020||CA$3.4b||CA$1.1b||CA$467.6m||8.5x|
|Tue, 31 Dec 2019||CA$6.0b||CA$1.2b||CA$513.0m||11.5x|
|Fri, 04 Oct 2019||CA$5.4b||CA$1.1b||CA$485.9m||11.2x|
|Mon, 08 Jul 2019||CA$4.5b||CA$1.0b||CA$463.2m||14.1x|
|Sun, 31 Mar 2019||CA$4.1b||CA$1.0b||CA$446.8m||10.1x|
|Wed, 02 Jan 2019||CA$3.7b||CA$979.3m||CA$445.1m||9.3x|
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.
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.
Which companies have driven the market over the last 7 days?
Atrium Mortgage Investment
First National Financial
Firm Capital Mortgage Investment
Home Capital Group