First National Financial (OTCPK:FNLI.F) - Stock Price, News & Analysis

FNLI.F Stock Overview

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

About the company

FNLI.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	5/6
Financial Health	3/6
Dividends	5/6

Rewards

Trading at 49.6% below our estimate of its fair value

Earnings are forecast to grow 4.3% per year

Earnings grew by 27.9% over the past year

Risk Analysis

Shares are highly illiquid

Debt is not well covered by operating cash flow

Dividend of 6.61% is not well covered by cash flows

First National Financial Corporation Competitors

Merchants Bancorp

NasdaqCM:MBIN

US$1.6b

Federal Agricultural Mortgage

NYSE:AGM

US$1.9b

NMI Holdings

NasdaqGM:NMIH

US$2.4b

Walker & Dunlop

NYSE:WD

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for First National Financial
Historical stock prices
Current Share Price	CA$27.50
52 Week High	CA$30.00
52 Week Low	CA$24.32
Beta	1.06
1 Month Change	1.59%
3 Month Change	n/a
1 Year Change	-0.65%
3 Year Change	-29.56%
5 Year Change	16.18%
Change since IPO	48.46%

Recent updates

Shareholder Returns

	FNLI.F	US Diversified Financial	US Market
7D	0%	-2.7%	-3.7%
1Y	-0.7%	19.9%	20.5%

Return vs Industry: FNLI.F underperformed the US Diversified Financial industry which returned 19.5% over the past year.

Return vs Market: FNLI.F underperformed the US Market which returned 20.2% over the past year.

Price Volatility

Is FNLI.F's price volatile compared to industry and market?
FNLI.F volatility
FNLI.F Average Weekly Movement	n/a
Diversified Financial Industry Average Movement	5.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.4%
10% least volatile stocks in US Market	3.0%

Stable Share Price: FNLI.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine FNLI.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1988	1,624	Jason Ellis	www.firstnational.ca

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company 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?
FNLI.F fundamental statistics
Market cap	US$1.63b
Earnings (TTM)	US$180.32m
Revenue (TTM)	US$544.27m

8.9x

P/E Ratio

3.0x

P/S Ratio

Is FNLI.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FNLI.F income statement (TTM)
Revenue	CA$751.40m
Cost of Revenue	CA$139.20m
Gross Profit	CA$612.20m
Other Expenses	CA$363.25m
Earnings	CA$248.95m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 30, 2024

Earnings per share (EPS)	4.15
Gross Margin	81.47%
Net Profit Margin	33.13%
Debt/Equity Ratio	6,063.7%

How did FNLI.F perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

58%

Payout Ratio

FNLI.F Stock Overview

Rewards

Risk Analysis

First National Financial Corporation Competitors

NasdaqCM:MBIN

US$1.6b

NYSE:AGM

US$1.9b

NasdaqGM:NMIH

US$2.4b

NYSE:WD

US$3.1b

Price History & Performance

Recent News & Updates

First National Financial Corporation Announces Dividend for the Month Ended April 30, 2024, Payable on May 15, 2024

First National Financial Corporation to Report Q1, 2024 Results on Apr 30, 2024

First National Financial Corporation announced that it expects to receive CAD 199.999998 million in funding

First National Financial Corporation, Annual General Meeting, May 02, 2024

First National Financial Corporation Announces January Month Dividend, Payable on February 15, 2024

First National Financial Corporation to Report Q4, 2023 Results on Mar 05, 2024

Recent updates

First National Financial Corporation Announces Dividend for the Month Ended April 30, 2024, Payable on May 15, 2024

First National Financial Corporation to Report Q1, 2024 Results on Apr 30, 2024

First National Financial Corporation announced that it expects to receive CAD 199.999998 million in funding

First National Financial Corporation, Annual General Meeting, May 02, 2024

First National Financial Corporation Announces January Month Dividend, Payable on February 15, 2024

First National Financial Corporation to Report Q4, 2023 Results on Mar 05, 2024

First National Financial Corporation Announces December Month Dividend, Payable on January 15, 2024

First National Financial Corporation Announces Special Dividend, Payable on December 15, 2023

First National Financial Corporation Announces Special Dividend, Payable on December 15, 2023

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

First National Financial Corporation to Report Q3, 2023 Results on Oct 31, 2023

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

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 Corporation Announces June Dividend, Payable on July 14, 2023

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

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

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

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

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

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

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

First National Financial Corporation Announces Board Changes

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

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

First National Financial Corporation Announces Monthly Dividend Payment for the Period August 1 to August 31, 2022, Payable on September 15, 2022

First National Financial Corporation Announces Its Monthly Dividend Payment for the Period July 1 to July 31, 2022, Payable on August 15, 2022

First National Financial Corporation to Report Q2, 2022 Results on Jul 26, 2022

First National Financial Corporation Announces June Dividend, Payable on July 15, 2022

First National Financial Corporation Announces its Monthly Dividend Payment for the Period May 1 to May 31, 2022, Payable on June 15, 2022

First National Financial Corporation Announces Monthly Dividend for the Month of April 2022, Payable on May 16, 2022

First National Financial Corporation to Report Q1, 2022 Results on Apr 26, 2022

First National Financial Corporation, Annual General Meeting, May 05, 2022

First National Financial Corporation Announces February Dividend Payment Payable on March 15, 2022

First National Financial Corporation Announces Monthly Dividend Payment for the Period May 1 to May 31, 2021, Payable on June 15, 2021

First National Financial Corporation Announces Monthly Dividend, Payable on June 15, 2021

First National Financial Corporation Announces March Dividend, Payable on April 15, 2021

First National Financial Corporation, Annual General Meeting, May 06, 2021

First National Financial Corporation to Report Q4, 2020 Results on Mar 02, 2021

First National Financial Corporation to Report Q3, 2020 Results on Oct 27, 2020

First National Financial Corporation to Report Q2, 2020 Results on Jul 27, 2020