MCAN Mortgage Future Growth

Future criteria checks 1/6

MCAN Mortgage is forecast to grow earnings and revenue by 6.2% and 3.6% per annum respectively. EPS is expected to decline by 1.1% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

6.2%

Earnings growth rate

-1.1%

EPS growth rate

Diversified Financial earnings growth	78.3%
Revenue growth rate	3.6%
Future return on equity	13.3%
Analyst coverage	Low
Last updated	13 Aug 2024

Recent future growth updates

Recent updates

MCAN Mortgage (TSE:MKP) Has Announced A Dividend Of CA$0.36

Jun 03

Rainbows and Unicorns: The MCAN Mortgage Corporation (TSE:MKP) Analyst Just Became A Lot More Optimistic

May 12

Earnings and Revenue Growth Forecasts

TSX:MKP - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	139	94	N/A	N/A	1
12/31/2025	120	78	N/A	N/A	1
12/31/2024	115	77	N/A	N/A	1
6/30/2024	131	81	55	58	N/A
3/31/2024	125	77	10	11	N/A
12/31/2023	124	77	-60	-60	N/A
9/30/2023	125	82	34	35	N/A
6/30/2023	118	75	-3	-3	N/A
3/31/2023	104	63	-10	-10	N/A
12/31/2022	94	55	28	28	N/A
9/30/2022	86	47	-175	-175	N/A
6/30/2022	86	49	-185	-185	N/A
3/31/2022	101	64	-89	-89	N/A
12/31/2021	100	64	-114	-114	N/A
9/30/2021	104	70	10	10	N/A
6/30/2021	111	80	14	14	N/A
3/31/2021	97	69	41	41	N/A
12/31/2020	71	43	59	59	N/A
9/30/2020	59	31	6	6	N/A
6/30/2020	50	23	74	74	N/A
3/31/2020	51	24	9	10	N/A
12/31/2019	75	48	-32	-32	N/A
9/30/2019	68	41	1	1	N/A
6/30/2019	64	38	-26	-26	N/A
3/31/2019	66	40	13	14	N/A
12/31/2018	61	36	-4	-4	N/A
9/30/2018	68	44	-6	-6	N/A
6/30/2018	68	42	4	4	N/A
3/31/2018	65	40	N/A	-20	N/A
12/31/2017	65	40	N/A	24	N/A
9/30/2017	62	38	N/A	35	N/A
6/30/2017	62	38	N/A	51	N/A
3/31/2017	67	43	N/A	36	N/A
12/31/2016	63	40	N/A	52	N/A
9/30/2016	64	41	N/A	5	N/A
6/30/2016	60	38	N/A	-32	N/A
3/31/2016	57	36	N/A	-6	N/A
12/31/2015	53	33	N/A	22	N/A
9/30/2015	48	31	N/A	433	N/A
6/30/2015	46	28	N/A	342	N/A
3/31/2015	41	22	N/A	226	N/A
12/31/2014	43	25	N/A	15	N/A
9/30/2014	50	31	N/A	-689	N/A
6/30/2014	52	36	N/A	-531	N/A
3/31/2014	49	34	N/A	-903	N/A
12/31/2013	45	31	N/A	-654	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MKP's forecast earnings growth (6.2% per year) is above the savings rate (2.2%).

Earnings vs Market: MKP's earnings (6.2% per year) are forecast to grow slower than the Canadian market (14.5% per year).

High Growth Earnings: MKP's earnings are forecast to grow, but not significantly.

Revenue vs Market: MKP's revenue (3.6% per year) is forecast to grow slower than the Canadian market (7% per year).

High Growth Revenue: MKP's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MKP's Return on Equity is forecast to be low in 3 years time (13.3%).

MCAN Mortgage Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 14%

Consensus EPS estimates increase by 17%

Price target increased to CA$18.13

Recent updates

MCAN Mortgage Corporation Appoints Santokh Birk as Senior Vice President, Effective October 1, 2024

Upcoming dividend of CA$0.39 per share

Second quarter dividend of CA$0.39 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

MCAN Mortgage Corporation Declares Third Quarter Regular Cash Dividend, Payable on September 27, 2024

Now 20% undervalued

Upcoming dividend of CA$0.39 per share

New minor risk - Insider selling

Independent Chairman of the Board recently sold CA$787k worth of stock

First quarter dividend of CA$0.39 announced

MCAN Mortgage Corporation Appoints Karen L. Martin as Director

MCAN Mortgage Corporation Declares Second Quarter Regular Cash Dividend, Payable on June 28, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

MCAN Mortgage Corporation Announces CFO Changes

MCAN Mortgage Corporation has completed a Follow-on Equity Offering in the amount of CAD 25.025 million.

Lead Independent Director recently bought CA$154k worth of stock

MCAN Mortgage Corporation has filed a Follow-on Equity Offering in the amount of CAD 20 million.

Upcoming dividend of CA$0.39 per share

Independent Director recently sold CA$244k worth of stock

Fourth quarter dividend of CA$0.39 announced

Full year 2023 earnings released: EPS: CA$2.22 (vs CA$1.77 in FY 2022)

MCAN Mortgage Corporation, Annual General Meeting, May 07, 2024

Independent Director recently bought CA$70k worth of stock

Upcoming dividend of CA$0.38 per share at 9.6% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

MCAN Mortgage Corporation Announces Regular Cash Dividend for the Fourth Quarter of 2023, Payable on January 2, 2024

Chairman recently sold CA$130k worth of stock

Upcoming dividend of CA$0.38 per share at 9.3% yield

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

MCAN Mortgage Corporation Announces Regular Cash Dividend, Payable on September 29, 2023

Upcoming dividend of CA$0.36 per share at 8.7% yield

MCAN Mortgage (TSE:MKP) Has Announced A Dividend Of CA$0.36

MCAN Mortgage Corporation Announces Management Changes

Consensus revenue estimates increase by 14%

Rainbows and Unicorns: The MCAN Mortgage Corporation (TSE:MKP) Analyst Just Became A Lot More Optimistic

MCAN Mortgage Corporation Declares Second Quarter Regular Cash Dividend, Payable on June 30,2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued

Upcoming dividend of CA$0.36 per share at 8.7% yield

Consensus EPS estimates increase by 17%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Independent Chairman recently sold CA$527k worth of stock

Independent Chairman recently sold CA$150k worth of stock

Independent Director exercised options to buy CA$147k worth of stock.

Upcoming dividend of CA$0.36 per share

Price target increased to CA$18.13

High number of new directors

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

MCAN Mortgage Corporation Declares Fourth Quarter Regular Cash Dividend, Payable on January 3, 2023

Upcoming dividend of CA$0.36 per share

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

MCAN Mortgage Corporation Declares Third Quarter 2022 Regular Cash Dividend, Payable on September 29, 2022

Independent Director recently sold CA$91k worth of stock

Upcoming dividend of CA$0.36 per share

High number of new directors

Mcan Mortgage Corporation Appoints Bonnie Agostinho as Directors

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

MCAN Mortgage Corporation declares Second Quarter Regular Cash Dividend, Payable on June 30, 2022

Independent Chairman recently sold CA$114k worth of stock

Independent Chairman recently sold CA$178k worth of stock

Upcoming dividend of CA$1.33 per share

MCAN Mortgage's (TSE:MKP) Upcoming Dividend Will Be Larger Than Last Year's

MCAN Mortgage Corporation, Annual General Meeting, May 10, 2022

Mcan Mortgage Corporation Declares First Quarter Regular Cash Dividend, Payable March 31, 2022

President exercised options to buy CA$71k worth of stock.

Upcoming dividend of CA$0.34 per share

Independent Chairman recently sold CA$51k worth of stock

Independent Chairman recently sold CA$150k worth of stock

MCAN Mortgage's (TSE:MKP) Dividend Will Be CA$0.34

Third quarter 2021 earnings released: EPS CA$0.47 (vs CA$0.92 in 3Q 2020)

Upcoming dividend of CA$0.34 per share