MCAN Mortgage Corporation trades with the ticker MKP on the TSX and is in the Mortgage Finance industry.
Overview
MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada.
Looking to invest in MCAN Mortgage Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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MKP.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $597.539MM
PE Ratio: 7.54
Price: 16.78 (Updated: 3/12/2024 0:47:16)
MCAN Mortgage Corporation (MKP) vs Competitors in Mortgage Finance
Lets see how MKP.TO stacks up against others in the Mortgage Finance asset management industry. We have identified its main peers as:ECN Capital Corp, First National Financial Corporation, Home Capital Group Inc, Timbercreek Financial Corp
.Mortgage Finance Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| ECN Capital Corp (ECN) | $702.668 | N/A | -138.239 | 1.6% |
| First National Financial Corporation (FN) | $2,202.003 | 8.848 | 0.0 | 6.6% |
| Home Capital Group Inc (HCG) | $1,691.219 | 9.88 | 0.0 | 1.4% |
| MCAN Mortgage Corporation (MKP) | $597.539 | 7.54 | 3.471 | 9.4% |
| Timbercreek Financial Corp (TF) | $625.892 | 9.667 | 13.573 | 9.2% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Mortgage Finance
- MCAN Mortgage Corporation (MKP) vs ECN Capital Corp (ECN)
- MKP has higher EPS (2.22 vs -0.34). MKP has higher dividend yield (9.4% vs 1.6%). ECN has a P/E under 0, indicating MKP (P/E 7.54) is in a better position.
- MCAN Mortgage Corporation (MKP) vs First National Financial Corporation (FN)
- FN has higher EPS (4.15 vs 2.22). MKP has higher dividend yield (9.4% vs 6.6%). FN has a higher P/E ratio (8.848 vs 7.54) indicating it’s more expensive.
- MCAN Mortgage Corporation (MKP) vs Home Capital Group Inc (HCG)
- HCG has higher EPS (4.48 vs 2.22). MKP has higher dividend yield (9.4% vs 1.4%). HCG has a higher P/E ratio (9.88 vs 7.54) indicating it’s more expensive.
- MCAN Mortgage Corporation (MKP) vs Timbercreek Financial Corp (TF)
- MKP has higher EPS (2.22 vs 0.78). MKP has higher dividend yield (9.4% vs 9.2%). TF has a higher P/E ratio (9.667 vs 7.54) indicating it’s more expensive.
Our Recommendation: Hold
Has a lower P/E ratio (7.54) than the industry average (9.03), indicating potential undervaluation.
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