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FIRM CAPITAL MORTGAGE INVEST (FC.CA) Stock Fundamental Analysis

TSX:FC - Toronto Stock Exchange - CA3183231024 - Common Stock - Currency: CAD

11.98  -0.05 (-0.42%)

Fundamental Rating

5

Overall FC gets a fundamental rating of 5 out of 10. We evaluated FC against 33 industry peers in the Financial Services industry. FC has an excellent profitability rating, but there are some minor concerns on its financial health. FC has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

In the past year FC was profitable.
FC had a positive operating cash flow in the past year.
In the past 5 years FC has always been profitable.
Each year in the past 5 years FC had a positive operating cash flow.
FC.CA Yearly Net Income VS EBIT VS OCF VS FCFFC.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

1.2 Ratios

FC's Return On Assets of 5.55% is amongst the best of the industry. FC outperforms 87.88% of its industry peers.
FC has a Return On Equity (8.10%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 5.81%, FC is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
FC had an Average Return On Invested Capital over the past 3 years of 4.61%. This is in line with the industry average of 5.82%.
The 3 year average ROIC (4.61%) for FC is below the current ROIC(5.81%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.55%
ROE 8.1%
ROIC 5.81%
ROA(3y)5.13%
ROA(5y)5.19%
ROE(3y)8.16%
ROE(5y)8.21%
ROIC(3y)4.61%
ROIC(5y)4.39%
FC.CA Yearly ROA, ROE, ROICFC.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8

1.3 Margins

FC has a Profit Margin of 48.76%. This is amongst the best in the industry. FC outperforms 90.91% of its industry peers.
FC's Profit Margin has declined in the last couple of years.
FC's Operating Margin of 70.12% is fine compared to the rest of the industry. FC outperforms 75.76% of its industry peers.
In the last couple of years the Operating Margin of FC has grown nicely.
The Gross Margin of FC (72.53%) is better than 84.85% of its industry peers.
FC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 70.12%
PM (TTM) 48.76%
GM 72.53%
OM growth 3Y3.14%
OM growth 5Y3.51%
PM growth 3Y-7.3%
PM growth 5Y-2.68%
GM growth 3Y1.84%
GM growth 5Y3.48%
FC.CA Yearly Profit, Operating, Gross MarginsFC.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

4

2. Health

2.1 Basic Checks

FC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for FC has been increased compared to 5 years ago.
Compared to 1 year ago, FC has an improved debt to assets ratio.
FC.CA Yearly Shares OutstandingFC.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
FC.CA Yearly Total Debt VS Total AssetsFC.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 1.63, we must say that FC is in the distress zone and has some risk of bankruptcy.
FC has a worse Altman-Z score (1.63) than 63.64% of its industry peers.
FC has a debt to FCF ratio of 2.96. This is a good value and a sign of high solvency as FC would need 2.96 years to pay back of all of its debts.
FC's Debt to FCF ratio of 2.96 is amongst the best of the industry. FC outperforms 90.91% of its industry peers.
FC has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
FC's Debt to Equity ratio of 0.44 is fine compared to the rest of the industry. FC outperforms 78.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.96
Altman-Z 1.63
ROIC/WACCN/A
WACCN/A
FC.CA Yearly LT Debt VS Equity VS FCFFC.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.3 Liquidity

FC has a Current Ratio of 0.12. This is a bad value and indicates that FC is not financially healthy enough and could expect problems in meeting its short term obligations.
FC's Current ratio of 0.12 is in line compared to the rest of the industry. FC outperforms 42.42% of its industry peers.
A Quick Ratio of 0.12 indicates that FC may have some problems paying its short term obligations.
With a Quick ratio value of 0.12, FC perfoms like the industry average, outperforming 42.42% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.12
Quick Ratio 0.12
FC.CA Yearly Current Assets VS Current LiabilitesFC.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

3

3. Growth

3.1 Past

FC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.97%.
Measured over the past 5 years, FC shows a small growth in Earnings Per Share. The EPS has been growing by 0.45% on average per year.
Looking at the last year, FC shows a decrease in Revenue. The Revenue has decreased by -0.69% in the last year.
Measured over the past years, FC shows a quite strong growth in Revenue. The Revenue has been growing by 8.73% on average per year.
EPS 1Y (TTM)1.97%
EPS 3Y2.34%
EPS 5Y0.45%
EPS Q2Q%0.4%
Revenue 1Y (TTM)-0.69%
Revenue growth 3Y17.63%
Revenue growth 5Y8.73%
Sales Q2Q%3.67%

3.2 Future

The Earnings Per Share is expected to grow by 1.80% on average over the next years.
FC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.14% yearly.
EPS Next Y3.42%
EPS Next 2Y2.21%
EPS Next 3Y1.8%
EPS Next 5YN/A
Revenue Next Year-6.63%
Revenue Next 2Y-9.39%
Revenue Next 3Y-8.14%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FC.CA Yearly Revenue VS EstimatesFC.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M
FC.CA Yearly EPS VS EstimatesFC.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 12.10, which indicates a correct valuation of FC.
Based on the Price/Earnings ratio, FC is valued a bit cheaper than 69.70% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 30.43. FC is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.63, the valuation of FC can be described as very reasonable.
Based on the Price/Forward Earnings ratio, FC is valued a bit cheaper than 72.73% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.78. FC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.1
Fwd PE 11.63
FC.CA Price Earnings VS Forward Price EarningsFC.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300 400

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FC is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.94
EV/EBITDA N/A
FC.CA Per share dataFC.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FC does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of FC may justify a higher PE ratio.
PEG (NY)3.54
PEG (5Y)26.75
EPS Next 2Y2.21%
EPS Next 3Y1.8%

4

5. Dividend

5.1 Amount

FC has a Yearly Dividend Yield of 7.78%, which is a nice return.
FC's Dividend Yield is comparable with the industry average which is at 7.93.
FC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
Industry RankSector Rank
Dividend Yield 7.78%

5.2 History

The dividend of FC decreases each year by -1.14%.
FC has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of FC decreased recently.
Dividend Growth(5Y)-1.14%
Div Incr Years1
Div Non Decr Years1
FC.CA Yearly Dividends per shareFC.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

99.77% of the earnings are spent on dividend by FC. This is not a sustainable payout ratio.
DP99.77%
EPS Next 2Y2.21%
EPS Next 3Y1.8%
FC.CA Yearly Income VS Free CF VS DividendFC.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
FC.CA Dividend Payout.FC.CA Dividend Payout, showing the Payout Ratio.FC.CA Dividend Payout.PayoutRetained Earnings

FIRM CAPITAL MORTGAGE INVEST

TSX:FC (2/14/2025, 7:00:00 PM)

11.98

-0.05 (-0.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-05 2024-11-05/amc
Earnings (Next)03-18 2025-03-18/amc
Inst Owners2.09%
Inst Owner ChangeN/A
Ins Owners2.28%
Ins Owner ChangeN/A
Market Cap440.03M
Analysts84
Price Target13.77 (14.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 7.78%
Yearly Dividend0.95
Dividend Growth(5Y)-1.14%
DP99.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-31 2025-03-31 (0.078)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.11%
Min EPS beat(2)-13.31%
Max EPS beat(2)-0.91%
EPS beat(4)0
Avg EPS beat(4)-6.18%
Min EPS beat(4)-13.31%
Max EPS beat(4)-0.91%
EPS beat(8)1
Avg EPS beat(8)-6%
EPS beat(12)1
Avg EPS beat(12)-5.62%
EPS beat(16)3
Avg EPS beat(16)-4.19%
Revenue beat(2)2
Avg Revenue beat(2)3.77%
Min Revenue beat(2)2.21%
Max Revenue beat(2)5.34%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.85%
PT rev (3m)3.85%
EPS NQ rev (1m)-2.19%
EPS NQ rev (3m)-5.58%
EPS NY rev (1m)-1%
EPS NY rev (3m)-3.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.67%
Valuation
Industry RankSector Rank
PE 12.1
Fwd PE 11.63
P/S 6.24
P/FCF 6.94
P/OCF 6.94
P/B 1.04
P/tB 1.04
EV/EBITDA N/A
EPS(TTM)0.99
EY8.26%
EPS(NY)1.03
Fwd EY8.6%
FCF(TTM)1.73
FCFY14.41%
OCF(TTM)1.73
OCFY14.41%
SpS1.92
BVpS11.57
TBVpS11.57
PEG (NY)3.54
PEG (5Y)26.75
Profitability
Industry RankSector Rank
ROA 5.55%
ROE 8.1%
ROCE 8.86%
ROIC 5.81%
ROICexc 5.81%
ROICexgc 5.81%
OM 70.12%
PM (TTM) 48.76%
GM 72.53%
FCFM 89.88%
ROA(3y)5.13%
ROA(5y)5.19%
ROE(3y)8.16%
ROE(5y)8.21%
ROIC(3y)4.61%
ROIC(5y)4.39%
ROICexc(3y)4.64%
ROICexc(5y)4.41%
ROICexgc(3y)4.64%
ROICexgc(5y)4.41%
ROCE(3y)6.99%
ROCE(5y)6.65%
ROICexcg growth 3Y19.97%
ROICexcg growth 5Y8.63%
ROICexc growth 3Y19.97%
ROICexc growth 5Y8.63%
OM growth 3Y3.14%
OM growth 5Y3.51%
PM growth 3Y-7.3%
PM growth 5Y-2.68%
GM growth 3Y1.84%
GM growth 5Y3.48%
F-Score6
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 2.96
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 3.82
Cash Conversion N/A
Profit Quality 184.34%
Current Ratio 0.12
Quick Ratio 0.12
Altman-Z 1.63
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)161.08%
Profit Quality(5y)154.37%
High Growth Momentum
Growth
EPS 1Y (TTM)1.97%
EPS 3Y2.34%
EPS 5Y0.45%
EPS Q2Q%0.4%
EPS Next Y3.42%
EPS Next 2Y2.21%
EPS Next 3Y1.8%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.69%
Revenue growth 3Y17.63%
Revenue growth 5Y8.73%
Sales Q2Q%3.67%
Revenue Next Year-6.63%
Revenue Next 2Y-9.39%
Revenue Next 3Y-8.14%
Revenue Next 5YN/A
EBIT growth 1Y2.09%
EBIT growth 3Y21.32%
EBIT growth 5Y12.55%
EBIT Next Year-1.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y32.52%
FCF growth 3Y18.87%
FCF growth 5Y9.13%
OCF growth 1Y32.52%
OCF growth 3Y18.87%
OCF growth 5Y9.13%