Terra Firma Capital Corporation provides real estate financings secured by investment properties and real estate developments in Canada and the United States.
Acceptable track record and slightly overvalued.
Share Price & News
How has Terra Firma Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TII has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TII underperformed the Canadian Mortgage industry which returned -19.5% over the past year.
Return vs Market: TII underperformed the Canadian Market which returned -12.4% over the past year.
Price Volatility Vs. Market
How volatile is Terra Firma Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StTerra Firma Capital Corporation (CVE:TII) Is About To Go Ex-Dividend, And It Pays A 4.5% Yield
1 month ago | Simply Wall StWhat Percentage Of Terra Firma Capital Corporation (CVE:TII) Shares Do Insiders Own?
1 month ago | Simply Wall StTerra Firma Capital Corporation (CVE:TII) Analysts Just Trimmed Their Revenue Forecasts By 30%
Is Terra Firma Capital undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TII (CA$4.65) is trading above our estimate of fair value (CA$1.29)
Significantly Below Fair Value: TII is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TII is poor value based on its PE Ratio (9.8x) compared to the Mortgage industry average (9.5x).
PE vs Market: TII is good value based on its PE Ratio (9.8x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TII's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TII is good value based on its PB Ratio (0.7x) compared to the CA Mortgage industry average (0.8x).
How is Terra Firma Capital 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 TII's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if TII'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: TII's revenue (61.7% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: TII's revenue (61.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TII's Return on Equity is forecast to be high in 3 years time
How has Terra Firma Capital performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TII has high quality earnings.
Growing Profit Margin: TII's current net profit margins (35.6%) are lower than last year (68.1%).
Past Earnings Growth Analysis
Earnings Trend: TII's earnings have declined by -8.1% per year over the past 5 years.
Accelerating Growth: TII's earnings growth over the past year (15.2%) exceeds its 5-year average (-8.1% per year).
Earnings vs Industry: TII earnings growth over the past year (15.2%) exceeded the Mortgage industry 6.7%.
Return on Equity
High ROE: TII's Return on Equity (6.7%) is considered low.
How is Terra Firma Capital'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: TII's Assets to Equity ratio (3.5x) is low.
Allowance for Bad Loans: Insufficient data to determine if TII has a sufficient allowance for bad loans.
Low Risk Liabilities: TII reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if TII has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: TII reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if TII has an appropriate level of bad loans.
What is Terra Firma Capital current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TII's dividend (4.3%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: TII's dividend (4.3%) is low compared to the top 25% of dividend payers in the Canadian market (6.08%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether TII's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TII's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.7%), TII's dividend payments are 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. Glenn Watchorn has been the Chief Executive Officer of Terra Firma Capital Corporation since June 2, 2016 and as its President since November 10, 2014. Mr. Watchorn served as the Chief Operating Office ...
CEO Compensation Analysis
Compensation vs Market: Glenn's total compensation ($USD465.61K) is above average for companies of similar size in the Canadian market ($USD175.49K).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
|Executive Chairman||0.42yr||US$500.00k||5.8% $1.5m|
|CEO & President||4.08yrs||US$630.59k||2.47% $618.9k|
|CFO & Corporate Secretary||7.42yrs||US$320.00k||0.94% $236.3k|
|MD & Principal Broker||no data||US$273.48k||0.088% $22.0k|
|Vice President||no data||US$210.00k||no data|
|Managing Director||0.50yr||no data||1.81% $454.1k|
Experienced Management: TII's management team is considered experienced (2.3 years average tenure).
|Executive Chairman||0.42yr||US$500.00k||5.8% $1.5m|
|Independent Director||8.67yrs||US$62.50k||no data|
|Independent Lead Director||no data||US$43.75k||1.03% $257.1k|
|Independent Director||12.92yrs||US$56.25k||0.60% $149.4k|
|Independent Director||2.92yrs||US$43.75k||0.18% $45.0k|
Experienced Board: TII's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TII 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.
Terra Firma Capital Corporation's company bio, employee growth, exchange listings and data sources
- Name: Terra Firma Capital Corporation
- Ticker: TII
- Exchange: TSXV
- Founded: 2007
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: CA$25.042m
- Shares outstanding: 5.56m
- Website: https://tfcc.ca
Number of Employees
- Terra Firma Capital Corporation
- 22 St. Clair Avenue East
- Suite 200
- M4T 2S3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TII||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Jan 2008|
|TFCC.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 2008|
Terra Firma Capital Corporation provides real estate financings secured by investment properties and real estate developments in Canada and the United States. It arranges financings for residential buildings and mixed-use properties, as well as land for residential and commercial development, and construction projects. The company provides land and lot inventory loans registered in first or second position at the earlier stages of real estate development; term mortgages for the purposes of acquiring or refinancing income-producing properties; and mezzanine or subordinated debt financing on real estate development. It offers real estate financing services to real estate developers and owners. Terra Firma Capital Corporation was incorporated in 2007 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/10 00:08|
|End of Day Share Price||2020/07/09 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.