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FC

Firm Capital Mortgage Investment TSX:FC Stock Report

Last Price

CA$13.17

Market Cap

CA$454.1m

7D

-0.2%

1Y

-10.5%

Updated

21 May, 2022

Data

Company Financials +
FC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health1/6
Dividends2/6

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.

Firm Capital Mortgage Investment Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Firm Capital Mortgage Investment
Historical stock prices
Current Share PriceCA$13.17
52 Week HighCA$15.84
52 Week LowCA$12.71
Beta0.87
1 Month Change-5.52%
3 Month Change-7.51%
1 Year Change-10.47%
3 Year Change-2.80%
5 Year Change-0.53%
Change since IPO31.70%

Recent News & Updates

May 12
Firm Capital Mortgage Investment (TSE:FC) Has Re-Affirmed Its Dividend Of CA$0.078

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

Firm Capital Mortgage Investment Corporation's ( TSE:FC ) investors are due to receive a payment of CA$0.078 per share...

Shareholder Returns

FCCA MortgageCA Market
7D-0.2%1.6%0.8%
1Y-10.5%-13.3%4.8%

Return vs Industry: FC exceeded the Canadian Mortgage industry which returned -13.2% over the past year.

Return vs Market: FC underperformed the Canadian Market which returned 4.6% over the past year.

Price Volatility

Is FC's price volatile compared to industry and market?
FC volatility
FC Average Weekly Movement2.4%
Mortgage Industry Average Movement4.0%
Market Average Movement9.9%
10% most volatile stocks in CA Market16.9%
10% least volatile stocks in CA Market4.4%

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

FoundedEmployeesCEOWebsite
1988n/aEli Dadouchhttps://firmcapital.com/fcmic

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 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, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situation loans.

Firm Capital Mortgage Investment Fundamentals Summary

How do Firm Capital Mortgage Investment's earnings and revenue compare to its market cap?
FC fundamental statistics
Market CapCA$454.14m
Earnings (TTM)CA$30.54m
Revenue (TTM)CA$38.69m

14.9x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FC income statement (TTM)
RevenueCA$38.69m
Cost of RevenueCA$0
Gross ProfitCA$38.69m
Other ExpensesCA$8.15m
EarningsCA$30.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.89
Gross Margin100.00%
Net Profit Margin78.94%
Debt/Equity Ratio54.0%

How did FC perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

99%

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 DateMay 30 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend8 days
Days until Dividend pay date24 days

Does FC pay a reliable dividends?

See FC dividend history and benchmarks

Valuation

Is Firm Capital Mortgage Investment undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


34.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FC (CA$13.17) is trading below our estimate of fair value (CA$19.96)

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 (14.9x) compared to the Canadian Mortgage industry average (8.2x).

PE vs Market: FC is poor value based on its PE Ratio (14.9x) compared to the Canadian market (11.5x).


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's PB Ratio (1.1x) is in line with the CA Mortgage industry average.


Future Growth

How is Firm Capital Mortgage Investment forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.5%

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 (18.5% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: FC's revenue (18.5% 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


Past Performance

How has Firm Capital Mortgage Investment performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FC has high quality earnings.

Growing Profit Margin: FC's current net profit margins (78.9%) are lower than last year (82.2%).


Past Earnings Growth Analysis

Earnings Trend: FC's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: FC's earnings growth over the past year (11.4%) exceeds its 5-year average (4.6% per year).

Earnings vs Industry: FC earnings growth over the past year (11.4%) exceeded the Mortgage industry 7.2%.


Return on Equity

High ROE: FC's Return on Equity (7.7%) is considered low.


Financial Health

How is Firm Capital Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

1/6

Financial Health Score 1/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


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.


Dividend

What is Firm Capital Mortgage Investment current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.20%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 21 2022Ex Dividend DateMay 30 2022Dividend Pay DateJun 15 202216 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FC's dividend (7.2%) is higher than the bottom 25% of dividend payers in the Canadian market (1.89%).

High Dividend: FC's dividend (7.2%) is in the top 25% of dividend payers in the Canadian market (4.92%)


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

Earnings Coverage: With its high payout ratio (99%), 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 or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Eli Dadouch

no data

Tenure

CA$3,212,764

Compensation

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 ($USD2.50M) is above average for companies of similar size in the Canadian market ($USD993.19K).

Compensation vs Earnings: Eli's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: FC's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: FC's board of directors are seasoned and experienced ( 15.1 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.


Top Shareholders

Company Information

Firm Capital Mortgage Investment Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Firm Capital Mortgage Investment Corporation
  • Ticker: FC
  • Exchange: TSX
  • Founded: 1988
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: CA$454.144m
  • Shares outstanding: 34.48m
  • Website: https://firmcapital.com/fcmic

Number of Employees


Location

  • Firm Capital Mortgage Investment Corporation
  • 163 Cartwright Avenue
  • Toronto
  • Ontario
  • M6A 1V5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.