Builders Capital Mortgage Corp. (V:BCF)
Business Focus: Retail & Mortgage Banks
| Sector: Financials | Industry: Banks |
| Company Contact | |
| Address: | 260-1414 8th Street SW CALGARY AB T2R 1J6 |
| Tel: | N/A |
| Website: | https://builderscapital.ca |
| IR: | See website |
| Key People | ||
| Sandy Loutitt Chairman of the Board, President, Chief Executive Officer | Michael Matishak Interim Chief Financial Officer | |
| Business Overview |
| Builders Capital Mortgage Corp. is a Canada-based mortgage lender. The principal business of the Company is to acquire, originate and maintain a portfolio consisting primarily of construction mortgages that are secured by development stage residential real property. The Company's investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for MIC. The Company provides short-term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. The Company's mortgage portfolio and operations are managed by Builders Capital Management Corp. (the Manager). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Builders Capital Mortgage Corp revenues increased 7% to C$462K. Net income increased 22% to C$3.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest increase of 27% to C$4.2M (income), Provision for mortgage losses decrease of 3% to C$342K (expense). Dividend per share remained flat at C$0.80. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $23.39M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.46M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.33M as of Dec 31, 2023 |
| Net annual income (TTM): | $3.29M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.06M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3.30M as of Dec 31, 2023 |
| Shares outstanding: | 3,159,760 as of Apr 17, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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