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MCAN Mortgage Corporation (T:MKP)

Business Focus: Consumer Lending (NEC)

INK Edge Outlook

Mostly sunny as of June 01, 2022
For the latest outlook, get the company report

Insider Chart - Past 6 Months

INK Ultra Money Free

Insider Filings

Latest 10 SEDI filings for MKP within the last 6 months
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Company News

May 11, 2022 13:03 ET
MCAN FINANCIAL GROUP ANNOUNCES FINAL VOTING RESULTS
TORONTO, May 11, 2022 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN" or the "Company") today announced the final director election results from MCAN's 2022 Annual and Special Meeting of Shareholders held on May 10, 2022.
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May 09, 2022 18:22 ET
MCAN FINANCIAL GROUP ANNOUNCES Q1 2022 RESULTS AND DECLARES $0.36 REGULAR CASH DIVIDEND
TORONTO, May 9, 2022 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) reported strong net income of $15.5 million ($0.52 earnings per share) for the first quarter of 2022, a slight decrease from net income of $15.9 million ($0.64 earnings per share) in the first quarter of 2021.  Earnings per share for the first quarter of 2022 was impacted by our Rights Offering of almost 2.0 million units completed in December 2021, for which there has only been one quarter impact of the investment of those proceeds.  First quarter 2022 return on avera
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Valuation Ratios

Industry
Sector
Beta
1.08
--
--
Price to Sales - TTM
3.43
3.73
5.66
Price to Book - most recent quarter
1.19
0.94
1.31
Price to Cash Flow per share - TTM
8.19
5.75
7.87
Price to Free Cash Flow per share - TTM
--
7.57
14.84
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jun 15, 2022793,7325,682
May 31, 2022788,050-9,547
May 15, 2022797,597120,872
See Short Report

Business Summary

Sector:  Financials Industry:  Consumer Lending

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. The Company's primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including single family residential, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans and real estate investments, including its investment in MCAP Commercial LP (MCAP). The Company's wholly owned subsidiary, XMC Mortgage Corporation, is an originator of single-family residential mortgage products across Canada. Its diversified corporate lending portfolio includes residential construction, non-residential construction and commercial loans, all within Canada. Its corporate mortgages include insured and uninsured residential single-family mortgages, uninsured completed inventory loans, construction loans and commercial loans. The Company is also a mortgage-backed securities (MBS) issuer.

See business summary

 

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