Firm Capital Mortgage Investment (TSX:FC) - Stock Price, News & Analysis

FC Stock Overview

FC fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	3/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 11.1% below our estimate of its fair value

Earnings have grown 5.9% per year over the past 5 years

Risk Analysis

Dividend of 8.99% is not well covered by earnings

Has a high level of debt

Firm Capital Mortgage Investment Corporation Competitors

Atrium Mortgage Investment

TSX:AI

CA$495.3m

MCAN Mortgage

TSX:MKP

CA$596.5m

Timbercreek Financial

TSX:TF

CA$635.0m

First National Financial

TSX:FN

CA$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Firm Capital Mortgage Investment
Historical stock prices
Current Share Price	CA$11.01
52 Week High	CA$11.85
52 Week Low	CA$9.41
Beta	1.03
1 Month Change	-3.67%
3 Month Change	-4.01%
1 Year Change	-2.13%
3 Year Change	-23.86%
5 Year Change	-17.65%
Change since IPO	10.10%

Recent updates

Firm Capital Mortgage Investment (TSE:FC) Has Re-Affirmed Its Dividend Of CA$0.078

May 12

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Apr 16

Firm Capital Mortgage Investment (TSE:FC) Is Due To Pay A Dividend Of CA$0.078

Mar 15

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Feb 27

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Feb 08

Firm Capital Mortgage Investment (TSE:FC) Has Affirmed Its Dividend Of CA$0.078

Jan 25

Firm Capital Mortgage Investment (TSE:FC) Has Announced A Dividend Of CA$0.078

Jan 10

Firm Capital Mortgage Investment (TSE:FC) Has Affirmed Its Dividend Of CA$0.09

Dec 21

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Oct 30

Firm Capital Mortgage Investment (TSE:FC) Has Re-Affirmed Its Dividend Of CA$0.078

Sep 30

Shareholder Returns

	FC	CA Diversified Financial	CA Market
7D	-1.0%	-0.2%	1.2%
1Y	-2.1%	-17.1%	6.1%

Return vs Industry: FC exceeded the Canadian Diversified Financial industry which returned -17.1% over the past year.

Return vs Market: FC underperformed the Canadian Market which returned 6.1% over the past year.

Price Volatility

Is FC's price volatile compared to industry and market?
FC volatility
FC Average Weekly Movement	1.8%
Diversified Financial Industry Average Movement	6.0%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.1%

Stable Share Price: FC has not had significant price volatility in the past 3 months.

Volatility Over Time: FC's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	1	Eli Dadouch	firmcapital.com/fcmic

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; and a line of lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, alternative residential lending program, and infill construction lending program.

Firm Capital Mortgage Investment Corporation Fundamentals Summary

How do Firm Capital Mortgage Investment's earnings and revenue compare to its market cap?
FC fundamental statistics
Market cap	CA$381.80m
Earnings (TTM)	CA$34.16m
Revenue (TTM)	CA$46.49m

11.1x

P/E Ratio

8.2x

P/S Ratio

Is FC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FC income statement (TTM)
Revenue	CA$46.49m
Cost of Revenue	CA$0
Gross Profit	CA$46.49m
Other Expenses	CA$12.33m
Earnings	CA$34.16m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.99
Gross Margin	100.00%
Net Profit Margin	73.49%
Debt/Equity Ratio	45.8%

How did FC perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

94%

Payout Ratio

Does FC pay a reliable dividends?

See FC dividend history and benchmarks

When do you need to buy FC by to receive an upcoming dividend?
Firm Capital Mortgage Investment dividend dates
Ex Dividend Date	Apr 29 2024
Dividend Pay Date	May 15 2024
Days until Ex dividend	4 days
Days until Dividend pay date	20 days

Does FC pay a reliable dividends?

See FC dividend history and benchmarks

FC Stock Overview

Rewards

Risk Analysis

Firm Capital Mortgage Investment Corporation Competitors

TSX:AI

CA$495.3m

TSX:MKP

CA$596.5m

TSX:TF

CA$635.0m

TSX:FN

CA$2.3b

Price History & Performance

Recent News & Updates

Upcoming dividend of CA$0.078 per share

Firm Capital Mortgage Investment Corporation, Annual General Meeting, Jun 10, 2024

Dividend of CA$0.078 announced

Price target increased by 8.3% to CA$13.00

New minor risk - Financial position

Firm Capital Mortgage Investment Corporation Declares Monthly Cash Dividend for the Months of April, May, and June 2024, Payable on May 15, 2024, June 17, 2024, July 15, 2024 Respectively

Recent updates

Upcoming dividend of CA$0.078 per share

Firm Capital Mortgage Investment Corporation, Annual General Meeting, Jun 10, 2024

Dividend of CA$0.078 announced

Price target increased by 8.3% to CA$13.00

New minor risk - Financial position

Firm Capital Mortgage Investment Corporation Declares Monthly Cash Dividend for the Months of April, May, and June 2024, Payable on May 15, 2024, June 17, 2024, July 15, 2024 Respectively

Upcoming dividend of CA$0.078 per share

Dividend of CA$0.078 announced

Upcoming dividend of CA$0.078 per share

Dividend of CA$0.078 announced

Upcoming dividend of CA$0.078 per share at 8.7% yield

Firm Capital Mortgage Investment Corporation Declares Special Year-End Dividend, Payable on January 15, 2024

Upcoming dividend of CA$0.13 per share at 9.2% yield

Firm Capital Mortgage Investment Corporation Announces an Estimate Special Cash Dividend for 2023

Upcoming dividend of CA$0.078 per share at 9.2% yield

COO, Executive VP & Director recently bought CA$53k worth of stock

Upcoming dividend of CA$0.078 per share at 9.9% yield

COO, Executive VP & Director recently bought CA$104k worth of stock

Independent Director recently bought CA$100k worth of stock

Upcoming dividend of CA$0.078 per share at 9.5% yield

Independent Director recently bought CA$64k worth of stock

Firm Capital Mortgage Investment (TSE:FC) Has Announced A Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share at 8.7% yield

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Firm Capital Mortgage Investment Corporation Declares Cash Dividend for the Month of October and November, Payable on November 15, 2023 and December 15, 2023, Respectively

Firm Capital Mortgage Investment (TSE:FC) Will Pay A Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share at 8.7% yield

Firm Capital Mortgage Investment (TSE:FC) Is Due To Pay A Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share at 9.2% yield

Firm Capital Mortgage Investment (TSE:FC) Will Pay A Dividend Of CA$0.078

Firm Capital Mortgage Investment (TSE:FC) Is Paying Out A Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share at 8.5% yield

Firm Capital Mortgage Investment (TSE:FC) Will Pay A Dividend Of CA$0.078

Firm Capital Mortgage Investment Corporation Declares Monthly Cash Dividend, Payable on August 15, 2023, September 15, 2023 and October 16, 2023 Respectively

Upcoming dividend of CA$0.078 per share at 8.3% yield

Firm Capital Mortgage Investment (TSE:FC) Has Affirmed Its Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share at 8.5% yield

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Upcoming dividend of CA$0.078 per share at 7.9% yield

Firm Capital Mortgage Investment (TSE:FC) Is Paying Out A Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share

Price target decreased to CA$13.00

Firm Capital Mortgage Investment (TSE:FC) Has Affirmed Its Dividend Of CA$0.078

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.092

Independent Director recently bought CA$151k worth of stock

Firm Capital Mortgage Investment Corporation Announces Dividend, Payable on or About January 16, 2023, February 15, 2023, March 15, 2023 and April 17, 2023

Firm Capital Mortgage Investment Corporation Announces Dividend, Payable on on or About January 16, 2023, February 15, 2023, March 15, 2023 and April 17, 2023

Upcoming dividend of CA$0.078 per share

Firm Capital Mortgage Investment (TSE:FC) Is Due To Pay A Dividend Of CA$0.078

Insufficient new directors

Firm Capital Mortgage Investment (TSE:FC) Is Due To Pay A Dividend Of CA$0.078

Now 22% undervalued after recent price drop

Upcoming dividend of CA$0.078 per share

Firm Capital Mortgage Investment (TSE:FC) Has Announced A Dividend Of CA$0.078

Upcoming dividend of CA$0.078 per share

Firm Capital Mortgage Investment's (TSE:FC) Dividend Will Be CA$0.078

Upcoming dividend of CA$0.078 per share

Now 20% undervalued after recent price drop

Firm Capital Mortgage Investment (TSE:FC) Will Pay A Dividend Of CA$0.078