OTCPK:MAMT.F

Stock Analysis Report

Executive Summary

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada.

Snowflake

Fundamentals

Average dividend payer and fair value.

Risks

  • MCAN Mortgage is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:MAMT.F

2.1%

US Mortgage

2.1%

US Market


1 Year Return

-17.3%

OTCPK:MAMT.F

-0.7%

US Mortgage

-0.04%

US Market

MAMT.F underperformed the Mortgage industry which returned -1.5% over the past year.

MAMT.F underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

MAMT.FIndustryMarket
7 Day0%2.1%2.1%
30 Day-6.5%-1.9%-3.2%
90 Dayn/a0.6%2.8%
1 Year-10.5%-17.3%1.4%-0.7%2.2%-0.04%
3 Yearn/a32.9%24.1%41.5%32.3%
5 Year34.0%-11.8%59.3%42.6%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

MCAN Mortgage's share price is below the future cash flow value, and at a moderate discount (> 20%).

MCAN Mortgage's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

MCAN Mortgage is good value based on earnings compared to the US Mortgage industry average.

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


Price Based on Expected Growth

MCAN Mortgage earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

MCAN Mortgage is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is MCAN Mortgage expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

MCAN Mortgage's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

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

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

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

MCAN Mortgage'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

Unable to establish if MCAN Mortgage will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has MCAN Mortgage performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

MCAN Mortgage's 1-year earnings growth is negative, it can't be compared to the 5-year average.

MCAN Mortgage's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.


Return on Equity

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


Return on Assets

MCAN Mortgage 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 MCAN Mortgage 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 MCAN Mortgage'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 MCAN Mortgage has an acceptable proportion of non-loan assets without balance sheet data.

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

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

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

MCAN Mortgage reports no customer deposits, loans are made up entirely of borrowed funds.

Unable to establish if MCAN Mortgage has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is MCAN Mortgage's current dividend yield, its reliability and sustainability?

8.15%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase MCAN Mortgage before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

MCAN Mortgage's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

MCAN Mortgage's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

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

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Karen Weaver (60yo)

0.8yrs

Tenure

CA$528,238

Compensation

Ms. Karen H. Weaver, CPA, ICD.D, has been President and Chief Executive Officer at MCAN Mortgage Corporation since May 2019. Ms. Weaver serves as Chief Financial Officer and Executive Vice President at D+H ...


CEO Compensation Analysis

Karen's remuneration is lower than average for companies of similar size in United States of America.

Karen's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

0.9yrs

Average Tenure

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


Board Age and Tenure

4.1yrs

Average Tenure

60yo

Average Age

The tenure for the MCAN Mortgage board of directors is about average.


Insider Trading

More shares have been bought than sold by MCAN Mortgage individual insiders in the past 3 months.


Recent Insider Transactions

BuyCA$99,55418 Aug 19
Tachane Foundation Inc., Endowment Arm
EntityCompany
Shares8,600
Max PriceCA$11.66
BuyCA$60,47218 Aug 19
Ian Sutherland
EntityIndividual
Role
Chairman of the Board
Chairman
Shares5,117
Max PriceCA$11.86
BuyCA$36,65712 Jul 19
Scotiabank Global Banking and Markets, Asset Management Division
EntityCompany
Shares3,000
Max PriceCA$12.22
BuyCA$76,66121 Jun 19
Scotiabank Global Banking and Markets, Asset Management Division
EntityCompany
Shares6,400
Max PriceCA$11.99
BuyCA$18,99420 Jun 19
Karen Weaver
EntityIndividual
Role
Chief Executive Officer
President
Shares1,600
Max PriceCA$11.87
BuyCA$11,98606 Jun 19
MacDougall, MacDougall & MacTier, Inc., Asset Management Arm
EntityCompany
Shares1,000
Max PriceCA$11.99
BuyCA$59,02529 Mar 19
Scotiabank Global Banking and Markets, Asset Management Division
EntityCompany
Shares5,000
Max PriceCA$11.80
BuyCA$13,08305 Mar 19
Ian Sutherland
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,200
Max PriceCA$10.90
BuyCA$50,96328 Feb 19
Ian Sutherland
EntityIndividual
Role
Chairman of the Board
Chairman
Shares4,700
Max PriceCA$11.00
BuyCA$14,45408 Jan 19
Tachane Foundation Inc., Endowment Arm
EntityCompany
Shares1,400
Max PriceCA$10.32
BuyCA$31807 Jan 19
Gleb Ioussoufovitch
EntityIndividual
Shares30
Max PriceCA$10.59
BuyCA$137,88619 Dec 18
Ian Sutherland
EntityIndividual
Role
Chairman of the Board
Chairman
Shares14,300
Max PriceCA$9.69
BuyCA$314,99314 Nov 18
Ian Sutherland
EntityIndividual
Role
Chairman of the Board
Chairman
Shares30,000
Max PriceCA$10.59
BuyCA$21,00112 Nov 18
Loraine McIntosh
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceCA$10.53

Ownership Breakdown


Management Team

  • Eugene Basolini

    President of MTC Leasing Inc and Chief Operating Officer of MTC Leasing Inc

    • Tenure: 0.0yrs
  • Karen Weaver (60yo)

    President

    • Tenure: 0.8yrs
    • Compensation: CA$528.24k
  • Dale Klein

    Chief Executive Officer of Canada ICI Capital Corporation

    • Tenure: 0.0yrs
  • Sylvia Pinto

    VP, Corporate Secretary & Governance Officer

    • Tenure: 0.0yrs
  • Dipti Patel

    VP & CFO

    • Tenure: 0.8yrs
    • Compensation: CA$271.62k
  • Carl Brown

    VP of Operations & Treasurer

    • Tenure: 6.6yrs
    • Compensation: CA$334.62k
  • Mike Jensen

    VP, Chief Compliance Officer and Chief Anti-Money Laundering Officer & Privacy Officer

    • Tenure: 1.6yrs
  • Jeffrey Lum

    Vice President of Treasury & Securitization

    • Tenure: 0.0yrs
    • Compensation: CA$338.46k
  • Emily Randle

    VP & Chief Risk Officer

    • Tenure: 0.8yrs
  • Paul Gill

    Vice President of Information & Technology

    • Tenure: 0.9yrs

Board Members

  • Ian Sutherland (74yo)

    Chairman

    • Tenure: 9.0yrs
    • Compensation: CA$100.00k
  • Gordon Herridge

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: CA$58.01k
  • Susan Doré

    Lead Director

    • Tenure: 6.3yrs
    • Compensation: CA$74.25k
  • Karen Weaver (60yo)

    President

    • Tenure: 0.8yrs
    • Compensation: CA$528.24k
  • Derek Sutherland (48yo)

    Non-Independent Director

    • Tenure: 2.3yrs
    • Compensation: CA$110.41k
  • Gaelen Morphet

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: CA$56.00k
  • Verna Cuthbert

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: CA$60.50k
  • Loraine McIntosh

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: CA$122.16k

Company Information

MCAN Mortgage Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MCAN Mortgage Corporation
  • Ticker: MAMT.F
  • Exchange: OTCPK
  • Founded: 1980
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: CA$378.830m
  • Listing Market Cap: CA$284.760m
  • Shares outstanding: 24.13m
  • Website: https://www.mcanmortgage.com

Number of Employees


Location

  • MCAN Mortgage Corporation
  • 200 King Street West
  • Suite 600
  • Toronto
  • Ontario
  • M5H 3T4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MKPTSX (The Toronto Stock Exchange)YesCommon SharesCACADJan 2000
MAMT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJan 2000

Biography

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:48
End of Day Share Price2019/08/13 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.