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MCAN Mortgage Corporation (T:MKP)

Business Focus: Corporate Financial Services

INK Edge Outlook

Mostly sunny as of February 01, 2020
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

Feb 26, 2020 17:06 ET
MCAN Mortgage Corporation Announces Changes to Board of Directors
TORONTO, Feb. 26, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") announced today that Ian Sutherland will step down as Chair of the Board (the "Chair"), however will remain on the Board of Directors (the "Board") to facilitate Board renewal and transition.  Ian has held the position of Chair since 2010.  In previous years he has also served in various management and Board roles.  As a founding partner, Ian's leadership and guidance has advanced the Company's strategy and contributed to its success and growth over the past 30 years.
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Feb 26, 2020 16:39 ET
MCAN Mortgage Corporation Announces Fourth Quarter and 2019 Results and Increase to Quarterly Dividend
TORONTO, Feb. 26, 2020 /CNW/ - MCAN Mortgage Corporation ("MCAN", the "Company" or "we") (TSX: "MKP") reported net income of $10.6 million ($0.44 per share) for the fourth quarter ended December 31, 2019, an increase of 197% from $3.5 million ($0.15 per share) in the fourth quarter of 2018. In the fourth quarter of 2019, we recorded a $2.1 million net gain on securities compared to a $4.2 million net loss on securities in the fourth quarter of 2018. Year to date, we reported net income of $48.3 million ($2.01 per share), an increase of 33% from $36.3 million ($1.54 per share) for the same pe
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Valuation Ratios

Industry
Sector
Beta
0.91
--
--
Price to Sales - TTM
3.30
10.33
7.56
Price to Book - most recent quarter
1.17
1.38
1.51
Price to Cash Flow per share - TTM
--
8.76
10.62
Price to Free Cash Flow per share - TTM
--
14.62
18.34
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Feb 15, 20207,488-996
Jan 31, 20208,484-480
Jan 15, 20208,964-20,141
See Short Report

Business Summary

Sector:  Financials Industry:  Corporate Financial Services

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company's primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments. The Company's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The Company also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.

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