MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada.
Solid track record, good value and pays a dividend.
Share Price & News
How has MCAN Mortgage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MKP's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MKP underperformed the Canadian Mortgage industry which returned -24.1% over the past year.
Return vs Market: MKP underperformed the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is MCAN Mortgage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCould MCAN Mortgage Corporation's (TSE:MKP) Investor Composition Influence The Stock Price?
4 weeks ago | Simply Wall StWith EPS Growth And More, MCAN Mortgage (TSE:MKP) Is Interesting
1 month ago | Simply Wall StHere's How P/E Ratios Can Help Us Understand MCAN Mortgage Corporation (TSE:MKP)
Is MCAN Mortgage 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: MKP (CA$11.71) is trading below our estimate of fair value (CA$28.65)
Significantly Below Fair Value: MKP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MKP is good value based on its PE Ratio (5.8x) compared to the Mortgage industry average (6.7x).
PE vs Market: MKP is good value based on its PE Ratio (5.8x) compared to the Canadian market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MKP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MKP is overvalued based on its PB Ratio (0.9x) compared to the CA Mortgage industry average (0.7x).
How is MCAN Mortgage forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MCAN Mortgage has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether MCAN Mortgage is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- MCAN Mortgage competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Banks industry.
How has MCAN Mortgage performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MKP has high quality earnings.
Growing Profit Margin: MKP's current net profit margins (64.1%) are higher than last year (59.2%).
Past Earnings Growth Analysis
Earnings Trend: MKP's earnings have grown by 8.5% per year over the past 5 years.
Accelerating Growth: MKP's earnings growth over the past year (33.1%) exceeds its 5-year average (8.5% per year).
Earnings vs Industry: MKP earnings growth over the past year (33.1%) exceeded the Mortgage industry 12.7%.
Return on Equity
High ROE: MKP's Return on Equity (14.6%) is considered low.
How is MCAN Mortgage's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: MKP has a low level of unsold assets or inventory.
Debt Coverage by Assets: MKP's debt is covered by short term assets (assets are 2.5x debt).
Financial Institutions Analysis
Asset Level: MKP's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if MKP has a sufficient allowance for bad loans.
Low Risk Liabilities: MKP reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MKP has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MKP has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MKP has an appropriate level of bad loans.
What is MCAN Mortgage's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MKP's dividend (11.61%) is higher than the bottom 25% of dividend payers in the Canadian market (2.71%).
High Dividend: MKP's dividend (11.61%) is in the top 25% of dividend payers in the Canadian market (8.69%)
Stability and Growth of Payments
Stable Dividend: MKP's dividend payments have been volatile in the past 10 years.
Growing Dividend: MKP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.8%), MKP's dividend payments are 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
Karen Weaver (60yo)
Ms. Karen H. Weaver, CPA, ICD.D, has been President and Chief Executive Officer at MCAN Mortgage Corporation since May 2019. Ms. Weaver serves as Chief Financial Officer and Executive Vice President at D+H ...
CEO Compensation Analysis
Compensation vs Market: Karen's total compensation ($USD172.13K) is below average for companies of similar size in the Canadian market ($USD771.33K).
Compensation vs Earnings: Karen's compensation has increased by more than 20% in the past year.
|VP & CFO||1.25yrs||CA$271.62k||0.0056% CA$15.9k|
|Vice President of Investments||0.42yr||CA$334.62k||0.13% CA$366.2k|
|VP, Chief Compliance Officer and Chief Anti-Money Laundering & Privacy Officer||2.17yrs||no data||0.043% CA$122.8k|
|President of MTC Leasing Inc and Chief Operating Officer of MTC Leasing Inc||no data||no data||no data|
|VP, Corporate Secretary & Governance Officer||no data||no data||0.18% CA$499.2k|
|VP & Chief Risk Officer||1.42yrs||no data||0.0036% CA$10.3k|
|Chief Executive Officer of Canada ICI Capital Corporation||no data||no data||no data|
Experienced Management: MKP's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Independent Director||29.17yrs||CA$100.00k||12.81% CA$36.4m|
|Independent Director||1.83yrs||CA$58.01k||0.53% CA$1.5m|
|Lead Director||6.83yrs||CA$74.25k||0.85% CA$2.4m|
|Independent Chairman||no data||CA$110.41k||0.51% CA$1.4m|
|Independent Director||2.17yrs||CA$56.00k||0.068% CA$193.8k|
|Independent Director||6.42yrs||CA$60.50k||0.028% CA$78.9k|
|Independent Director||2.83yrs||CA$122.16k||0.036% CA$103.8k|
Experienced Board: MKP's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MKP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MCAN Mortgage Corporation's company bio, employee growth, exchange listings and data sources
- Name: MCAN Mortgage Corporation
- Ticker: MKP
- Exchange: TSX
- Founded: 1980
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: CA$284.470m
- Shares outstanding: 24.29m
- Website: https://www.mcanmortgage.com
Number of Employees
- MCAN Mortgage Corporation
- 200 King Street West
- Suite 600
- M5H 3T4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MKP||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 2000|
|MAMT.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 2000|
MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 02:09|
|End of Day Share Price||2020/03/30 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.