First National Financial (TSX:FN) - Stock Price, News & Analysis

FN Stock Overview

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

FN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	4/6
Financial Health	3/6
Dividends	6/6

Rewards

Trading at 0.6% below our estimate of its fair value

Earnings are forecast to grow 10.89% per year

Earnings grew by 1.2% over the past year

Pays a high and reliable dividend of 6.55%

Risk Analysis

Debt is not well covered by operating cash flow

First National Financial Corporation Competitors

Timbercreek Financial

TSX:TF

CA$585.9m

MCAN Mortgage

TSX:MKP

CA$547.9m

Atrium Mortgage Investment

TSX:AI

CA$478.6m

Firm Capital Mortgage Investment

TSX:FC

CA$344.2m

Price History & Performance

Summary of all time highs, changes and price drops for First National Financial
Historical stock prices
Current Share Price	CA$36.64
52 Week High	CA$41.80
52 Week Low	CA$32.72
Beta	1.07
1 Month Change	-3.43%
3 Month Change	-1.61%
1 Year Change	-0.33%
3 Year Change	10.56%
5 Year Change	25.91%
Change since IPO	266.03%

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

Aug 26

Recent updates

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

Mar 03

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

Feb 19

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

Jan 20

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

Dec 19

Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

Oct 30

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Oct 26

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Sep 20

First National Financial (TSE:FN) Has Announced A Dividend Of CA$0.1958

Aug 21

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Jul 21

Here's Why We Think First National Financial (TSE:FN) Is Well Worth Watching

Nov 05

Shareholder Returns

	FN	CA Diversified Financial	CA Market
7D	-2.1%	-3.0%	-3.5%
1Y	-0.3%	-7.6%	4.8%

Return vs Industry: FN exceeded the Canadian Diversified Financial industry which returned -7.8% over the past year.

Return vs Market: FN underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is FN's price volatile compared to industry and market?
FN volatility
FN Average Weekly Movement	2.6%
Diversified Financial Industry Average Movement	5.3%
Market Average Movement	7.9%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: FN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FN's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	1,632	Jason Ellis	https://www.firstnational.ca

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. The company operates in two segments, Residential and Commercial segments. It 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 Cap	CA$2.20b
Earnings (TTM)	CA$204.21m
Revenue (TTM)	CA$673.41m

10.8x

P/E Ratio

3.3x

P/S Ratio

Is FN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FN income statement (TTM)
Revenue	CA$673.41m
Cost of Revenue	CA$135.03m
Gross Profit	CA$538.38m
Other Expenses	CA$334.18m
Earnings	CA$204.21m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	3.41
Gross Margin	79.95%
Net Profit Margin	30.32%
Debt/Equity Ratio	5,978.0%

How did FN perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

70%

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 Date	Sep 28 2023
Dividend Pay Date	Oct 16 2023
Days until Ex dividend	4 days
Days until Dividend pay date	22 days

Does FN pay a reliable dividends?

See FN dividend history and benchmarks

FN Stock Overview

Rewards

Risk Analysis

First National Financial Corporation Competitors

TSX:TF

CA$585.9m

TSX:MKP

CA$547.9m

TSX:AI

CA$478.6m

TSX:FC

CA$344.2m

Price History & Performance

Recent News & Updates

First National Financial Corporation Announces Monthly Dividend for the Period September 1 to September 30, 2023, Payable on October 16, 2023

First National Financial Corporation announced that it expects to receive CAD 200 million in funding

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

Upcoming dividend of CA$0.20 per share at 6.4% yield

First National Financial Corporation Announces Monthly Dividend for the Period August 1, 2023 to August 31, 2023, Payable on September 15, 2023

Co-Founder & Executive Chairman recently bought CA$1.3m worth of stock

Recent updates

First National Financial Corporation Announces Monthly Dividend for the Period September 1 to September 30, 2023, Payable on October 16, 2023

First National Financial Corporation announced that it expects to receive CAD 200 million in funding

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

Upcoming dividend of CA$0.20 per share at 6.4% yield

First National Financial Corporation Announces Monthly Dividend for the Period August 1, 2023 to August 31, 2023, Payable on September 15, 2023

Co-Founder & Executive Chairman recently bought CA$1.3m worth of stock

Consensus EPS estimates increase by 26%

Price target increased by 8.4% to CA$42.83

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.20 per share at 6.3% yield

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

First National Financial Corporation Announces Monthly Dividend for the Period July 1 to July 31, 2023, Payable on August 15, 2023

First National Financial Corporation to Report Q2, 2023 Results on Aug 01, 2023

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

First National Financial Corporation Announces June Dividend, Payable on July 14, 2023

Co-Founder & Executive Chairman recently bought CA$1.4m worth of stock

Upcoming dividend of CA$0.20 per share at 6.0% yield

Co-Founder & Executive Chairman recently bought CA$554k worth of stock

First National Financial Corporation Announces Monthly Dividend for the Period May 1 to May 31, 2023, Payable on June 15, 2023

Co-Founder & Executive Chairman recently bought CA$618k worth of stock

Price target increased by 8.3% to CA$39.33

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Co-Founder & Executive Chairman recently bought CA$750k worth of stock

Co-Founder & Executive Chairman recently bought CA$75k worth of stock

Director recently bought CA$78k worth of stock

Upcoming dividend of CA$0.20 per share at 6.2% yield

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

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of CA$0.20 per share at 6.3% yield

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

First National Financial Corporation Announces February Dividend Payment, Payable on March 15, 2023

First National Financial Corporation to Report Q4, 2022 Results on Feb 28, 2023

Upcoming dividend of CA$0.20 per share

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

First National Financial Corporation Announces Dividend for the Period January 1 to January 31, 2023, Payable on February 15, 2023

Now 20% undervalued

Upcoming dividend of CA$0.20 per share

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

First National Financial Corporation Announces December Dividend, Payable on January 16, 2023

Co-Founder & Executive Chairman recently bought CA$275k worth of stock

Co-Founder & Executive Chairman recently bought CA$100k worth of stock

Upcoming dividend of CA$0.20 per share

Co-Founder & Executive Chairman recently bought CA$4.5m worth of stock

First National Financial Corporation Announces Common Share Dividend, Payable on December 15, 2022

Less than half of directors are independent

Consensus revenue estimates fall by 16%

Some Analysts Just Cut Their First National Financial Corporation (TSE:FN) Estimates

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

First National Financial Corporation Increases Common Share Dividend, Payable on December 15, 2022

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

Upcoming dividend of CA$0.20 per share

First National Financial Corporation Announces Monthly Dividend for the Period October 1 to October 31, 2022, Payable on November 15, 2022

Less than half of directors are independent

First National Financial Corporation Announces Board Changes

First National Financial Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of CA$0.20 per share

First National Financial (TSE:FN) Is Paying Out A Dividend Of CA$0.1958

First National Financial Corporation Announces Monthly Dividend Payment for the Period September 1 to September 30, 2022, Payable on October 14, 2022