OTCPK:FCMG.F

Stock Analysis Report

Firm Capital Mortgage Investment

Executive Summary

Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada.

Snowflake

Fundamentals

Questionable track record with limited growth.

Risks

  • Firm Capital Mortgage Investment is covered by less than 3 analysts.

Share Price & News

How has Firm Capital Mortgage Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:FCMG.F

-1.6%

US Mortgage

-1.9%

US Market


1 Year Return

n/a

OTCPK:FCMG.F

-2.6%

US Mortgage

-3.3%

US Market

No trading data on FCMG.F.

No trading data on FCMG.F.


Share holder returns

FCMG.FIndustryMarket
7 Day0%-1.6%-1.9%
30 Day0%-2.8%-6.2%
90 Dayn/a-1.3%0.3%
1 Yearn/a-0.6%-2.6%-1.1%-3.3%
3 Year22.8%-1.7%29.6%21.0%37.9%28.9%
5 Year21.4%-9.5%55.3%39.0%50.8%34.1%

Price Volatility Vs. Market

How volatile is Firm Capital Mortgage Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Firm Capital Mortgage Investment undervalued based on future cash flows and its price relative to the stock market?

13.88x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Firm Capital Mortgage Investment's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Firm Capital Mortgage Investment's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Firm Capital Mortgage Investment is overvalued based on earnings compared to the US Mortgage industry average.

Firm Capital Mortgage Investment is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Firm Capital Mortgage Investment, we can't assess if its growth is good value.


Price Based on Value of Assets

Firm Capital Mortgage Investment is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Firm Capital Mortgage Investment expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

-1.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Firm Capital Mortgage Investment's revenue is expected to grow significantly at over 20% yearly.

Firm Capital Mortgage Investment's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Firm Capital Mortgage Investment's revenue growth is expected to exceed the United States of America market average.

Firm Capital Mortgage Investment's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Firm Capital Mortgage Investment's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Firm Capital Mortgage Investment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Firm Capital Mortgage Investment performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Firm Capital Mortgage Investment's year on year earnings growth rate has been positive over the past 5 years.

Firm Capital Mortgage Investment's 1-year earnings growth is equal to the 5-year average.

Firm Capital Mortgage Investment's earnings growth has not exceeded the US Mortgage industry average in the past year (7.7% vs 32.9%).


Return on Equity

Firm Capital Mortgage Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Firm Capital Mortgage Investment used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Firm Capital Mortgage Investment improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Firm Capital Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Unable to establish if Firm Capital Mortgage Investment has an acceptable proportion of non-loan assets without balance sheet data.

Unable to establish if Firm Capital Mortgage Investment has a sufficient allowance for bad loans without relevant financial data.

Unable to establish if Firm Capital Mortgage Investment's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.

Firm Capital Mortgage Investment's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Firm Capital Mortgage Investment reports no customer deposits, loans are made up entirely of borrowed funds.

Unable to establish if Firm Capital Mortgage Investment has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is Firm Capital Mortgage Investment's current dividend yield, its reliability and sustainability?

7.29%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Firm Capital Mortgage Investment before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Firm Capital Mortgage Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Firm Capital Mortgage Investment's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.9x coverage).


Next Steps

Management

What is the CEO of Firm Capital Mortgage Investment's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Eli Dadouch 0

0.0yrs

Tenure

CA$1,813,744

Compensation

Mr. Eli Dadouch has been President and Chief Executive Officer at Firm Capital American Realty Partners Corp since September 18, 2018. Mr. Dadouch serves as the Vice Chairman at Firm Capital Private Equity ...


CEO Compensation Analysis

Eli's remuneration is about average for companies of similar size in United States of America.

Eli's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.3yrs

Average Tenure

The average tenure for the Firm Capital Mortgage Investment management team is less than 2 years, this suggests a new team.


Board Age and Tenure

19.6yrs

Average Tenure

70.5yo

Average Age

The average tenure for the Firm Capital Mortgage Investment board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Firm Capital Mortgage Investment individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyCA$7,74520 Aug 19
Francis J. Newbould
EntityIndividual
Shares750
Max PriceCA$10.33
BuyCA$10,12107 Jun 19
Morris Fischtein
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceCA$10.12
SellCA$10,11007 Jun 19
Morris Fischtein
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceCA$10.11
BuyCA$15,07126 Mar 19
Francis J. Newbould
EntityIndividual
Shares1,500
Max PriceCA$10.05
BuyCA$4,96522 Mar 19
Francis J. Newbould
EntityIndividual
Shares500
Max PriceCA$9.93
BuyCA$9,87719 Mar 19
Francis J. Newbould
EntityIndividual
Shares1,000
Max PriceCA$9.88
SellCA$36,98210 Jan 19
Jonathan Mair
EntityIndividual
Role
Member of the Board of Directors
COO, Executive VP & Director
Shares3,700
Max PriceCA$10.00
SellCA$29,65918 Dec 18
Jonathan Mair
EntityIndividual
Role
Member of the Board of Directors
COO, Executive VP & Director
Shares3,000
Max PriceCA$9.91
SellCA$70,46707 Dec 18
Jonathan Mair
EntityIndividual
Role
Member of the Board of Directors
COO, Executive VP & Director
Shares7,100
Max PriceCA$10.02
BuyCA$25,72215 Oct 18
Boris Baril
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares2,600
Max PriceCA$9.89

Ownership Breakdown


Management Team

  • Jonathan Mair

    COO, Executive VP & Director

    • Tenure: 20.6yrs
    • Compensation: CA$300.00k
  • Eli Dadouch

    President

    • Tenure: 0.0yrs
    • Compensation: CA$1.81m
  • Joseph Fried

    General Counsel & Secretary

    • Tenure: 20.6yrs
  • Sandy Poklar (49yo)

    Executive VP & MD of Finance

    • Tenure: 1.3yrs
    • Compensation: CA$50.00k
  • Michael Warner

    Senior Vice President of Mortgage Lending

    • Tenure: 0.0yrs
  • Boris Baril

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: CA$150.00k
  • Victoria Granovski

    Internal Credit Manager

    • Tenure: 1.8yrs
    • Compensation: CA$12.00k

Board Members

  • Anthony Heller (68yo)

    Independent Director

    • Tenure: 20.6yrs
    • Compensation: CA$30.00k
  • Geoff Bledin (65yo)

    Independent Director

    • Tenure: 11.2yrs
    • Compensation: CA$30.00k
  • Stanley Goldfarb

    Chairman

    • Tenure: 0.0yrs
    • Compensation: CA$85.00k
  • Jonathan Mair

    COO, Executive VP & Director

    • Tenure: 20.6yrs
    • Compensation: CA$300.00k
  • Morris Fischtein

    Independent Director

    • Tenure: 19.6yrs
    • Compensation: CA$30.00k
  • Eli Dadouch

    President

    • Tenure: 0.0yrs
    • Compensation: CA$1.81m
  • Edward Gilbert (73yo)

    Director

    • Tenure: 20.6yrs
  • Larry Shulman (79yo)

    Independent Director

    • Tenure: 13.6yrs
    • Compensation: CA$30.00k
  • Keith Ray

    Independent Director

    • Tenure: 5.0yrs
    • Compensation: CA$30.00k
  • Victoria Granovski

    Internal Credit Manager

    • Tenure: 1.8yrs
    • Compensation: CA$12.00k

Company Information

Firm Capital Mortgage Investment Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Firm Capital Mortgage Investment Corporation
  • Ticker: FCMG.F
  • Exchange: OTCPK
  • Founded: 1988
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: CA$389.277m
  • Listing Market Cap: CA$292.644m
  • Shares outstanding: 28.15m
  • Website: https://firmcapital.com/fcmic

Number of Employees


Location

  • Firm Capital Mortgage Investment Corporation
  • 163 Cartwright Avenue
  • Toronto
  • Ontario
  • M6A 1V5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCTSX (The Toronto Stock Exchange)YesCommon SharesCACADOct 1999
FCMG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1999

Biography

Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada. It engages in originating, funding, pu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 00:22
End of Day Share Price2019/07/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.