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MCAN Mortgage Corporation (T:MKP)

Business Focus: Consumer Lending (NEC)

INK Edge Outlook

Insider Chart - Past 6 Months

Insider Filings

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

Mar 18, 2024 16:08 ET
MCAN Financial Group Announces Overnight Marketed Offering
/NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
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Feb 26, 2024 19:45 ET
MCAN FINANCIAL GROUP ANNOUNCES STRONG 2023 RESULTS AND INCREASES ITS REGULAR CASH DIVIDEND 5.4%
TORONTO, Feb. 26, 2024 /CNW/ - MCAN Mortgage Corporation d/b/a MCAN Financial Group ("MCAN", the "Company" or "we") (TSX: MKP) reported our highest annual net income in our history of $77.5 million ($2.22 earnings per share) for 2023, an increase from net income of $55.4 million ($1.77 earnings per share) for the prior fiscal year. Return on average shareholders' equity1 was 15.05% for 2023 compared to 12.47% for the prior fiscal year. We reported higher total net income for the year mainly as a result of higher net corporate mortgage spread income as we continued to adjust our portfolio to
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Valuation Ratios

Industry
Sector
Beta
0.87
--
--
Price to Sales - TTM
2.37
1.86
4.87
Price to Book - most recent quarter
1.09
1.61
1.65
Price to Cash Flow per share - TTM
7.45
8.17
8.96
Price to Free Cash Flow per share - TTM
--
14.29
20.22
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Feb 29, 20241,017,93728,930
Feb 15, 2024989,0072,315
Jan 31, 2024986,692-85,991
See Short Report

Business Summary

Sector:  Financials Industry:  Consumer Lending

MCAN Mortgage Corporation is a Canada-based loan company and mortgage investment corporation. Its objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans, and real estate investments. Its lines of business include three divisions: MCAN Home, MCAN Capital and MCAN Wealth. MCAN Home is its residential mortgage lender that partners with accredited mortgage professionals to offer both insured and uninsured mortgage solutions across Canada. MCAN Capital focuses on financing and investment opportunities in the construction and commercial loan markets, real estate investment trusts (REITs), and private investment funds focused on lending to and developing Canadian communities. MCAN Wealth offers investors Canada Deposit Insurance Corporation (CDIC) insured investment solutions.

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