Financials MCAN Mortgage Corporation

Equities

MKP

CA5791761086

Consumer Lending

Market Closed - Toronto S.E. Other stock markets 03:59:54 2024-04-26 pm EDT			5-day change	1st Jan Change
15.86 ^CAD	-0.25%		+1.86%	-0.19%

Apr. 24	MCAN Says CFO Cipollone to Step Down; Search for Replacement Has Begun	MT
Apr. 24	MCAN Brief: In the interim, Peter Ryan Appointed as Interim Chief Financial Officer	MT

Valuation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	389.9	510.4	514.6	563	600.6	-	-
Enterprise Value (EV) ¹	389.9	510.4	514.6	563	600.6	600.6	600.6
P/E ratio	9.01 x	7.18 x	8.47 x	7.16 x	7.08 x	7.41 x	6.64 x
Yield	-	-	9.6%	-	14.7%	14.1%	15.8%
Capitalization / Revenue	-	-	6.15 x	5.04 x	4.99 x	4.73 x	4.08 x
EV / Revenue	-	-	6.15 x	5.04 x	4.99 x	4.73 x	4.08 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	-	-	1.05 x	-	1.01 x	1.02 x	1 x
Nbr of stocks (in thousands)	24,727	29,621	34,306	35,432	37,872	-	-
Reference price ²	15.77	17.23	15.00	15.89	15.86	15.86	15.86
Announcement Date	2/23/21	2/23/22	2/23/23	2/27/24	-	-	-

¹CAD in Million²CAD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	83.7	111.8	120.4	127	147.1
EBITDA	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	55.07	78.23	84	87	104
Net income ¹	42.89	64.36	55.35	77.5	84	87	104
Net margin	-	-	66.13%	69.32%	69.77%	68.5%	70.7%
EPS ²	1.750	2.400	1.770	2.220	2.240	2.140	2.390
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	1.440	-	2.330	2.240	2.510
Announcement Date	2/23/21	2/23/22	2/23/23	2/27/24	-	-	-

¹CAD in Million²CAD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	10.54	19.72	31.57	31.49	24.3	26.43	29.58	33.6	29.6	27.6	29.6
EBITDA	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-
Operating Margin	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	3.433	-	-	-	-	-	-	-	-	-	-
Net income	4.1	-	-	-	-	-	-	-	-	-	-
Net margin	38.91%	-	-	-	-	-	-	-	-	-	-
EPS ²	0.1300	0.3700	0.7500	0.6700	0.4600	0.5300	0.5600	0.7000	0.5500	0.4800	0.5200
Dividend per Share ²	0.3600	0.3600	0.3600	0.3600	0.3600	0.3800	-	0.3900	0.3900	0.4000	1.150
Announcement Date	8/9/22	11/11/22	2/23/23	5/8/23	8/6/23	11/6/23	2/27/24	-	-	-	-

¹CAD in Million²CAD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	12.5%	-	14.4%	14%	15.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	14.30	-	15.70	15.60	15.90
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	2/23/21	2/23/22	2/23/23	2/27/24	-	-	-

¹CAD in Million²CAD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for MCAN Mortgage Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

15.86 CAD

Average target price

18 CAD

Spread / Average Target

+13.49%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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