Firm Capital Mortgage Investment (TSE:FC) Will Pay A Dividend Of CA$0.078
May 10
Canadian (TSX) Thrifts and Mortgage Finance Industry Analysis
UpdatedMay 22, 2023
DataAggregated Company Financials
Companies8
- 7D-0.1%
- 3M-2.1%
- 1Y8.2%
- YTD3.5%
In the last week, Thrifts and Mortgage Finance has been flat. The past year has been better, since the industry has gained 8.7% in that time. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Canadian Thrifts and Mortgage Finance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 May 2023 | CA$3.9b | CA$846.1m | CA$402.7m | 10.1x | 9.8x | 4.7x |
| Thu, 20 Apr 2023 | CA$4.0b | CA$823.6m | CA$360.9m | 10.9x | 11x | 4.8x |
| Sat, 18 Mar 2023 | CA$5.9b | CA$1.6b | CA$621.0m | 10.3x | 9.5x | 3.7x |
| Mon, 13 Feb 2023 | CA$6.5b | CA$1.5b | CA$652.8m | 11.2x | 9.9x | 4.2x |
| Wed, 11 Jan 2023 | CA$6.0b | CA$1.5b | CA$652.8m | 10.7x | 9.2x | 3.9x |
| Fri, 09 Dec 2022 | CA$6.1b | CA$1.5b | CA$652.9m | 10.2x | 9.3x | 4x |
| Sun, 06 Nov 2022 | CA$4.9b | CA$1.5b | CA$660.4m | 8x | 7.4x | 3.4x |
| Tue, 04 Oct 2022 | CA$4.8b | CA$1.5b | CA$660.5m | 8.4x | 7.2x | 3.3x |
| Thu, 01 Sep 2022 | CA$5.1b | CA$1.5b | CA$660.3m | 9.6x | 7.7x | 3.5x |
| Sat, 30 Jul 2022 | CA$5.2b | CA$1.5b | CA$717.4m | 8.1x | 7.2x | 3.4x |
| Mon, 27 Jun 2022 | CA$5.1b | CA$1.5b | CA$717.4m | 8.2x | 7.1x | 3.4x |
| Wed, 25 May 2022 | CA$5.6b | CA$1.5b | CA$717.4m | 8.3x | 7.8x | 3.7x |
| Fri, 22 Apr 2022 | CA$6.2b | CA$1.5b | CA$716.8m | 8.2x | 8.6x | 4.1x |
| Sun, 20 Mar 2022 | CA$6.8b | CA$1.5b | CA$716.2m | 8.8x | 9.4x | 4.5x |
| Tue, 15 Feb 2022 | CA$6.6b | CA$1.5b | CA$719.7m | 8.5x | 9.2x | 4.4x |
| Thu, 13 Jan 2022 | CA$6.7b | CA$1.5b | CA$711.0m | 8.9x | 9.4x | 4.5x |
| Sat, 11 Dec 2021 | CA$7.0b | CA$1.5b | CA$711.1m | 8.8x | 9.8x | 4.7x |
| Mon, 08 Nov 2021 | CA$7.4b | CA$1.5b | CA$717.8m | 9.3x | 10.4x | 5x |
| Wed, 06 Oct 2021 | CA$6.6b | CA$1.5b | CA$727.8m | 8.6x | 9.1x | 4.5x |
| Fri, 03 Sep 2021 | CA$7.1b | CA$1.5b | CA$727.7m | 9.2x | 9.7x | 4.8x |
| Sun, 01 Aug 2021 | CA$6.9b | CA$1.5b | CA$727.7m | 8.8x | 9.5x | 4.7x |
| Wed, 05 May 2021 | CA$6.2b | CA$1.4b | CA$655.7m | 8.4x | 9.5x | 4.5x |
| Sat, 06 Feb 2021 | CA$5.4b | CA$1.2b | CA$540.1m | 10.2x | 10x | 4.4x |
| Tue, 10 Nov 2020 | CA$4.5b | CA$1.2b | CA$509.8m | 9.5x | 8.8x | 3.8x |
| Mon, 03 Aug 2020 | CA$4.3b | CA$1.1b | CA$464.5m | 10.1x | 9.3x | 3.8x |
Price to Earnings Ratio
8.4x
Current Industry PE
- Investors are relatively neutral on the Canadian Thrifts and Mortgage Finance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.1x.
- The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Thrifts and Mortgage Finance industry have declined 4.9% per year over the last three years,
- Revenues have also declined 8.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Canadian Thrifts and Mortgage Finance compare with similar industries?
| CA Market | -0.18% | |
| Financials | -0.0053% | |
| Mortgage Finance | 0% | |
| Thrifts and Mortgage Finance | -0.15% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FN First National Financial | CA$40.05 | 0.8% +CA$19.8m | 13.1% | PE13.6x | |
| MKP MCAN Mortgage | CA$16.44 | 2.0% +CA$11.5m | -7.0% | PE9.1x | |
| DLCG Dominion Lending Centres | CA$2.65 | 9.5% +CA$11.1m | -19.7% | PE3.7x |