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First National Financial TSX:FN Stock Report

Last Price

CA$40.30

Market Cap

CA$2.4b

7D

-0.1%

1Y

5.0%

Updated

27 Dec, 2024

Data

Company Financials +

First National Financial Corporation

TSX:FN Stock Report

Market Cap: CA$2.4b

FN Stock Overview

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. More details

FN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends5/6

Rewards

Trading at 43.5% below our estimate of its fair value

Earnings are forecast to grow 15.86% per year

Pays a reliable dividend of 6.08%

Risk Analysis

Debt is not well covered by operating cash flow


My Notes

Capture your thoughts, links and company narrative

First National Financial Corporation Competitors

MCAN Mortgage

TSX:MKP

CA$700.9m

Atrium Mortgage Investment

TSX:AI

CA$519.7m

Timbercreek Financial

TSX:TF

CA$587.7m

Firm Capital Mortgage Investment

TSX:FC

CA$439.7m

Price History & Performance

Summary of share price highs, lows and changes for First National Financial
Historical stock prices
Current Share PriceCA$40.30
52 Week HighCA$45.10
52 Week LowCA$35.15
Beta1.08
1 Month Change-9.74%
3 Month Change2.94%
1 Year Change5.00%
3 Year Change-3.03%
5 Year Change5.08%
Change since IPO302.60%

Recent News & Updates

Recent updates

Insufficient Growth At First National Financial Corporation (TSE:FN) Hampers Share Price

Jul 17
Insufficient Growth At First National Financial Corporation (TSE:FN) Hampers Share Price

First National Financial (TSE:FN) Will Pay A Dividend Of CA$0.2042

Jun 21
First National Financial (TSE:FN) Will Pay A Dividend Of CA$0.2042

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

Apr 25
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

Mar 22
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.2042

First National Financial's (TSE:FN) Dividend Will Be CA$0.2042

Jan 20
First National Financial's (TSE:FN) Dividend Will Be CA$0.2042

First National Financial's (TSE:FN) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 23
First National Financial's (TSE:FN) Shareholders Will Receive A Bigger Dividend Than Last Year

First National Financial (TSE:FN) Is Increasing Its Dividend To CA$0.75

Nov 09
First National Financial (TSE:FN) Is Increasing Its Dividend To CA$0.75

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Oct 20
First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

Sep 26
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

Aug 26
First National Financial (TSE:FN) Has Affirmed Its Dividend Of CA$0.20

First National Financial's (TSE:FN) Dividend Will Be CA$0.20

Jul 20
First National Financial's (TSE:FN) Dividend Will Be CA$0.20

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

Jun 23
First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.20

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Apr 21
First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.20

Industry Analysts Just Upgraded Their First National Financial Corporation (TSE:FN) Revenue Forecasts By 36%

Mar 03
Industry Analysts Just Upgraded Their First National Financial Corporation (TSE:FN) Revenue Forecasts By 36%

Shareholder Returns

FNCA Diversified FinancialCA Market
7D-0.1%3.6%1.7%
1Y5.0%10.0%16.1%

Return vs Industry: FN underperformed the Canadian Diversified Financial industry which returned 10% over the past year.

Return vs Market: FN underperformed the Canadian Market which returned 16.1% over the past year.

Price Volatility

Is FN's price volatile compared to industry and market?
FN volatility
FN Average Weekly Movement2.2%
Diversified Financial Industry Average Movement4.1%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market3.0%

Stable Share Price: FN has not had significant price volatility in the past 3 months compared to the Canadian market.

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

About the Company

FoundedEmployeesCEOWebsite
19881,745Jason Elliswww.firstnational.ca

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.

First National Financial Corporation Fundamentals Summary

How do First National Financial's earnings and revenue compare to its market cap?
FN fundamental statistics
Market capCA$2.42b
Earnings (TTM)CA$180.66m
Revenue (TTM)CA$639.29m

13.4x

P/E Ratio

3.8x

P/S Ratio

Is FN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FN income statement (TTM)
RevenueCA$639.29m
Cost of RevenueCA$89.27m
Gross ProfitCA$550.02m
Other ExpensesCA$369.36m
EarningsCA$180.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.01
Gross Margin86.04%
Net Profit Margin28.26%
Debt/Equity Ratio6,645.5%

How did FN perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

81%

Payout Ratio

Does FN pay a reliable dividends?

See FN dividend history and benchmarks
When do you need to buy FN by to receive an upcoming dividend?
First National Financial dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend4 days
Days until Dividend pay date19 days

Does FN pay a reliable dividends?

See FN dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 03:50
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First National Financial Corporation is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Etienne RicardBMO Capital Markets Equity Research
Nikolaus PriebeCIBC Capital Markets
Marc CharbinJennings Capital Inc.