Montfort Capital Corp. (V:MONT)
Business Focus: Consumer Lending (NEC)
| Sector: Financials | Industry: Consumer Lending |
| Company Contact | |
| Address: | 181 Bay Street Bay Wellington Tower, Suite 2920 TORONTO ON M5J 2T3 |
| Tel: | 1-604-3988839 |
| Website: | https://montfortcapital.com |
| IR: | See website |
| Key People | ||
| Andrew Abouchar Interim Chief Executive Officer | Dan Flaro President - Pivot Financial | Kenneth Thomson Chief Strategy Officer, Director |
| Business Overview |
| Montfort Capital Corporation is a Canada-based company. The Company manages a diversified family of specialized private credit brands. The Corporate Lending business consists of TIMIA and Pivot, which both provide corporate financing to small and medium-sized enterprises. TIMIA Capital offers revenue-based investment to business-to-business recurring revenue software businesses in North America and Pivot Financial, specializes in asset-based private credit targeting mid-market borrowers in Canada. Its Consumer Lending business consists of Brightpath and Langhaus. Brightpath uses investor loans to administer first and second mortgages secured by residential properties within Canada and Langhaus provides insurance policy-backed loans to high-net-worth individuals and entrepreneurs in Canada. The Company's Montfort Operations includes management of corporate borrowings and equity instruments, which funds a portion of the capital invested as well as operations. |
| Financial Overview |
| For the nine months ended 30 September 2023, Montfort Capital Corp revenues increased from C$17.4M to C$39.3M. Net loss totaled C$6.9M vs. income of C$390K. Revenues reflect Interest income increase from C$13M to C$28.5M, Income from transaction and other fees increase from C$3.3M to C$9.7M, Performance fee income increase from C$330K to C$1.1M. Net loss reflects Interest expense - Balancing value increase from C$7.1M to C$27.2M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $419.64M as of Sep 30, 2023 |
| Annual revenue (TTM): | $53.18M as of Sep 30, 2023 |
| EBITDA (TTM): | $36.56M as of Sep 30, 2023 |
| Net annual income (TTM): | -$6.69M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$26.97M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $312.94M as of Sep 30, 2023 |
| Shares outstanding: | 93,720,956 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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