MCAN Mortgage Past Earnings Performance

Past criteria checks 5/6

MCAN Mortgage has been growing earnings at an average annual rate of 16%, while the Diversified Financial industry saw earnings growing at 11% annually. Revenues have been growing at an average rate of 14.8% per year. MCAN Mortgage's return on equity is 14.6%, and it has net margins of 62.5%.

Key information

16.0%

Earnings growth rate

7.7%

EPS growth rate

Diversified Financial Industry Growth	11.2%
Revenue growth rate	14.8%
Return on equity	14.6%
Net Margin	62.5%
Last Earnings Update	31 Dec 2023

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How MCAN Mortgage makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:MKP Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	124	77	34
30 Sep 23	125	82	33
30 Jun 23	118	75	31
31 Mar 23	104	63	30
31 Dec 22	94	55	29
30 Sep 22	86	47	29
30 Jun 22	86	49	28
31 Mar 22	101	64	28
31 Dec 21	100	64	27
30 Sep 21	104	70	27
30 Jun 21	111	80	25
31 Mar 21	97	69	23
31 Dec 20	71	43	22
30 Sep 20	59	31	21
30 Jun 20	50	23	21
31 Mar 20	51	24	21
31 Dec 19	75	48	21
30 Sep 19	68	41	21
30 Jun 19	64	38	20
31 Mar 19	66	40	20
31 Dec 18	61	36	19
30 Sep 18	68	44	19
30 Jun 18	68	42	20
31 Mar 18	65	40	19
31 Dec 17	65	40	19
30 Sep 17	62	38	18
30 Jun 17	62	38	18
31 Mar 17	67	43	18
31 Dec 16	63	40	18
30 Sep 16	64	41	18
30 Jun 16	60	38	17
31 Mar 16	57	36	15
31 Dec 15	53	33	15
30 Sep 15	48	31	13
30 Jun 15	46	28	14
31 Mar 15	41	22	14
31 Dec 14	43	25	13
30 Sep 14	50	31	13
30 Jun 14	52	36	13
31 Mar 14	49	34	12
31 Dec 13	45	31	11
30 Sep 13	37	25	10
30 Jun 13	30	19	8

Quality Earnings: MKP has high quality earnings.

Growing Profit Margin: MKP's current net profit margins (62.5%) are higher than last year (58.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MKP's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: MKP's earnings growth over the past year (40%) exceeds its 5-year average (16% per year).

Earnings vs Industry: MKP earnings growth over the past year (40%) exceeded the Diversified Financial industry 18.8%.

MCAN Mortgage Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Recent updates

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

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

Second quarter 2021 earnings released: EPS CA$0.73 (vs CA$0.32 in 2Q 2020)

Independent Director exercised options to buy CA$120k worth of stock.

Upcoming dividend of CA$0.34 per share

Insider recently sold CA$2.3m worth of stock

Insider recently sold CA$1.9m worth of stock

First quarter 2021 earnings released: EPS CA$0.64 (vs CA$0.40 loss in 1Q 2020)

Independent Director has left the company

Mcan Mortgage Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2021

Revenue & Expenses Breakdown
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