MCAN Mortgage Corporation

TSX:MKP Stock Report

Market Cap: CA$690.1m

MCAN Mortgage Management

Management criteria checks 3/4

MCAN Mortgage's CEO is Derek Sutherland, appointed in Nov 2024, has a tenure of less than a year. total yearly compensation is CA$1.05M, comprised of 44.4% salary and 55.6% bonuses, including company stock and options. directly owns 1.96% of the company’s shares, worth CA$13.53M. The average tenure of the management team and the board of directors is 2.8 years and 4.1 years respectively.

Key information

Derek Sutherland

Chief executive officer

CA$1.0m

Total compensation

CEO salary percentage44.4%
CEO tenureless than a year
CEO ownership2.0%
Management average tenure2.8yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

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

Jun 03
MCAN Mortgage (TSE:MKP) Has Announced A Dividend Of CA$0.36

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

May 12
Rainbows and Unicorns: The MCAN Mortgage Corporation (TSE:MKP) Analyst Just Became A Lot More Optimistic

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

Feb 26
MCAN Mortgage's (TSE:MKP) Upcoming Dividend Will Be Larger Than Last Year's

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

Nov 11
MCAN Mortgage's (TSE:MKP) Dividend Will Be CA$0.34

MCAN Mortgage (TSE:MKP) Is Due To Pay A Dividend Of CA$0.34

Sep 05
MCAN Mortgage (TSE:MKP) Is Due To Pay A Dividend Of CA$0.34

MCAN Mortgage (TSE:MKP) Will Pay A Dividend Of CA$0.34

Aug 16
MCAN Mortgage (TSE:MKP) Will Pay A Dividend Of CA$0.34

CEO Compensation Analysis

How has Derek Sutherland's remuneration changed compared to MCAN Mortgage's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$90m

Jun 30 2024n/an/a

CA$81m

Mar 31 2024n/an/a

CA$77m

Dec 31 2023CA$1mCA$465k

CA$77m

Sep 30 2023n/an/a

CA$82m

Jun 30 2023n/an/a

CA$75m

Mar 31 2023n/an/a

CA$63m

Dec 31 2022CA$117kn/a

CA$55m

Sep 30 2022n/an/a

CA$47m

Jun 30 2022n/an/a

CA$49m

Mar 31 2022n/an/a

CA$64m

Dec 31 2021CA$114kn/a

CA$64m

Sep 30 2021n/an/a

CA$70m

Jun 30 2021n/an/a

CA$80m

Mar 31 2021n/an/a

CA$69m

Dec 31 2020CA$94kn/a

CA$43m

Sep 30 2020n/an/a

CA$31m

Jun 30 2020n/an/a

CA$23m

Mar 31 2020n/an/a

CA$24m

Dec 31 2019CA$64kn/a

CA$48m

Sep 30 2019n/an/a

CA$41m

Jun 30 2019n/an/a

CA$38m

Mar 31 2019n/an/a

CA$40m

Dec 31 2018CA$110kn/a

CA$36m

Sep 30 2018n/an/a

CA$44m

Jun 30 2018n/an/a

CA$42m

Mar 31 2018n/an/a

CA$40m

Dec 31 2017CA$38kn/a

CA$40m

Compensation vs Market: Derek's total compensation ($USD728.71K) is below average for companies of similar size in the Canadian market ($USD1.18M).

Compensation vs Earnings: Derek's compensation has increased by more than 20% in the past year.

CEO

Derek Sutherland (53 yo)

less than a year

Tenure

CA$1,047,188

Compensation

Mr. Derek G. Sutherland, CPA, CA, CBV, serves as Chairman at MCAN Mortgage Corporation since February 26, 2020 and serves as its Interim CEO since November 2024 and was its Interim CEO & President since Ju...

Leadership Team

NamePositionTenureCompensationOwnership
Derek Sutherland
Interim CEO & Chairmanless than a yearCA$1.05m1.96%
CA$ 13.5m
Avish Buck
Senior VP2.8yrsCA$801.49k0.11%
CA$ 732.4k
Carl Brown
Senior Vice President of Investments & Corporate Development5.3yrsCA$748.71k0.14%
CA$ 978.7k
Aaron Corr
VP & Chief Risk Officer2.8yrsCA$456.64k0.050%
CA$ 341.8k
Santokh Birk
Senior VP & CFOless than a yearno data0.053%
CA$ 362.5k
Michael Jensen
VP, Chief Compliance Officer and Chief Anti Money Laundering & Privacy Officerno datano datano data
Michelle Liotta
Vice President of Human Resources2.9yrsno data0.0041%
CA$ 28.6k
Nazeera Khan
VP & Chief Audit Officerno datano datano data
Dale Klein
Chief Executive Officer of Canada ICI Capital Corporationno datano datano data
Sylvia Pinto
VP, Corporate Secretary & Governance Officerno datano data0.20%
CA$ 1.4m
Peter Ryan
VP & Controllerless than a yearno data0.020%
CA$ 140.5k
Justin Silva
VP & Treasurerno datano datano data

2.8yrs

Average Tenure

Experienced Management: MKP's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Derek Sutherland
Interim CEO & Chairman7.6yrsCA$1.05m1.96%
CA$ 13.5m
Karen Martin
Independent Directorless than a yearno data0.13%
CA$ 862.7k
Gaelen Morphet
Lead Independent Director6.9yrsCA$75.93k0.076%
CA$ 523.4k
Brian Chu
Independent Director3.6yrsCA$83.07k0.038%
CA$ 262.7k
Phillip Gillin
Independent Director4.6yrsCA$92.00k0.034%
CA$ 237.3k
Glenn Dore
Independent Director4.6yrsCA$67.00k0.53%
CA$ 3.6m
John Coke
Independent Director3.6yrsCA$82.00k0.12%
CA$ 846.5k
Bonnie Agostinho
Independent Director2.6yrsCA$67.00k0.023%
CA$ 158.0k

4.1yrs

Average Tenure

61.5yo

Average Age

Experienced Board: MKP's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:14
End of Day Share Price 2024/12/20 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

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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

MCAN Mortgage Corporation is covered by 4 analysts. 1 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
Zachary WeisbrodCanaccord Genuity
Shubha KhanNational Bank Financial