FC Stock Overview
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge and conventional real estate finance in Canada.
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$14.32|
|52 Week High||CA$15.84|
|52 Week Low||CA$12.61|
|1 Month Change||0.28%|
|3 Month Change||-4.09%|
|1 Year Change||5.76%|
|3 Year Change||5.92%|
|5 Year Change||1.99%|
|Change since IPO||43.20%|
Recent News & Updates
Firm Capital Mortgage Investment (TSE:FC) Has Announced A Dividend Of CA$0.078
The board of Firm Capital Mortgage Investment Corporation ( TSE:FC ) has announced that it will pay a dividend on the...
Firm Capital Mortgage Investment (TSE:FC) Has Affirmed Its Dividend Of CA$0.09
Firm Capital Mortgage Investment Corporation ( TSE:FC ) has announced that it will pay a dividend of CA$0.09 per share...
|FC||CA Mortgage||CA Market|
Return vs Industry: FC underperformed the Canadian Mortgage industry which returned 22.5% over the past year.
Return vs Market: FC underperformed the Canadian Market which returned 17.4% over the past year.
|FC Average Weekly Movement||1.6%|
|Mortgage Industry Average Movement||2.4%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||17.4%|
|10% least volatile stocks in CA Market||3.7%|
Stable Share Price: FC is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: FC's weekly volatility (2%) has been stable over the past year.
About the Company
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge and conventional real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situation loans; and various types of lending facilities to mortgage brokers.
Firm Capital Mortgage Investment Fundamentals Summary
|FC fundamental statistics|
Is FC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FC income statement (TTM)|
|Cost of Revenue||CA$0|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.88|
|Net Profit Margin||81.25%|
How did FC perform over the long term?See historical performance and comparison
6.6%Current Dividend Yield
Does FC pay a reliable dividends?See FC dividend history and benchmarks
|Firm Capital Mortgage Investment dividend dates|
|Ex Dividend Date||Jan 28 2022|
|Dividend Pay Date||Feb 15 2022|
|Days until Ex dividend||6 days|
|Days until Dividend pay date||24 days|
Does FC pay a reliable dividends?See FC dividend history and benchmarks
Is Firm Capital Mortgage Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FC (CA$14.32) is trading below our estimate of fair value (CA$18.26)
Significantly Below Fair Value: FC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FC is poor value based on its PE Ratio (16.3x) compared to the Canadian Mortgage industry average (9.3x).
PE vs Market: FC is poor value based on its PE Ratio (16.3x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FC is overvalued based on its PB Ratio (1.4x) compared to the CA Mortgage industry average (1.2x).
How is Firm Capital Mortgage Investment forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FC's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if FC's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FC's revenue (16.6% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: FC's revenue (16.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FC's Return on Equity is forecast to be high in 3 years time
How has Firm Capital Mortgage Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FC has high quality earnings.
Growing Profit Margin: FC's current net profit margins (81.3%) are lower than last year (81.7%).
Past Earnings Growth Analysis
Earnings Trend: FC's earnings have grown by 5% per year over the past 5 years.
Accelerating Growth: FC's earnings growth over the past year (15%) exceeds its 5-year average (5% per year).
Earnings vs Industry: FC earnings growth over the past year (15%) underperformed the Mortgage industry 26.9%.
Return on Equity
High ROE: FC's Return on Equity (8.3%) is considered low.
How is Firm Capital Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FC's Assets to Equity ratio (1.6x) is low.
Allowance for Bad Loans: Insufficient data to determine if FC has a sufficient allowance for bad loans.
Low Risk Liabilities: FC reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if FC has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: FC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if FC has an appropriate level of bad loans.
What is Firm Capital Mortgage Investment current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FC's dividend (6.62%) is higher than the bottom 25% of dividend payers in the Canadian market (1.6%).
High Dividend: FC's dividend (6.62%) is in the top 25% of dividend payers in the Canadian market (4.64%)
Stability and Growth of Payments
Stable Dividend: FC's dividend payments have been volatile in the past 10 years.
Growing Dividend: FC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (97.1%), FC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Eli Dadouch serves as Chairman at Firm Capital Property Trust since July 2021. He is the Founder of Firm Capital Mortgage Investment Corporation. He serves as Vice Chairman at Firm Capital Apartment Re...
CEO Compensation Analysis
Compensation vs Market: Eli's total compensation ($USD2.56M) is above average for companies of similar size in the Canadian market ($USD796.65K).
Compensation vs Earnings: Eli's compensation has increased by more than 20% in the past year.
Experienced Management: FC's management team is considered experienced (2.1 years average tenure).
Experienced Board: FC's board of directors are seasoned and experienced ( 14.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.1%.
Firm Capital Mortgage Investment Corporation's employee growth, exchange listings and data sources
- Name: Firm Capital Mortgage Investment Corporation
- Ticker: FC
- Exchange: TSX
- Founded: 1988
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: CA$481.691m
- Shares outstanding: 33.64m
- Website: https://firmcapital.com/fcmic
Number of Employees
- Firm Capital Mortgage Investment Corporation
- 163 Cartwright Avenue
- M6A 1V5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 23:44|
|End of Day Share Price||2022/01/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.