MCAN MORTGAGE CORP (MKP.CA) Stock Fundamental Analysis
Canada - TSX:MKP - CA5791761086 - Common Stock
21.52 CAD
-0.04 (-0.19%)
Taking everything into account, MKP scores 3 out of 10 in our fundamental rating. MKP was compared to 29 industry peers in the Financial Services industry. MKP has a bad profitability rating. Also its financial health evaluation is rather negative. MKP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MKP was profitable.
In the past year MKP has reported a negative cash flow from operations.
In the past 5 years MKP has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: MKP reported negative operating cash flow in multiple years.
1.2 Ratios
MKP has a Return On Assets (1.24%) which is comparable to the rest of the industry.
With an excellent Return On Equity value of 11.50%, MKP belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
MKP's Return On Invested Capital of 0.88% is on the low side compared to the rest of the industry. MKP is outperformed by 79.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MKP is below the industry average of 5.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 11.5% | ||
| ROIC | 0.88% |
ROA(3y)1.48%
ROA(5y)1.54%
ROE(3y)12.94%
ROE(5y)13.21%
ROIC(3y)1.07%
ROIC(5y)1.15%
1.3 Margins
MKP has a Profit Margin of 23.34%. This is comparable to the rest of the industry: MKP outperforms 44.83% of its industry peers.
In the last couple of years the Profit Margin of MKP has declined.
MKP has a Operating Margin of 22.99%. This is in the lower half of the industry: MKP underperforms 75.86% of its industry peers.
MKP's Operating Margin has declined in the last couple of years.
MKP has a Gross Margin of 44.46%. This is in the better half of the industry: MKP outperforms 68.97% of its industry peers.
MKP's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.99% | ||
| PM (TTM) | 23.34% | ||
| GM | 44.46% |
OM growth 3Y-14.95%
OM growth 5Y-8.46%
PM growth 3Y-14.89%
PM growth 5Y-8.36%
GM growth 3Y-11.97%
GM growth 5Y-6.34%
2. Health
2.1 Basic Checks
MKP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
MKP has more shares outstanding than it did 1 year ago.
MKP has more shares outstanding than it did 5 years ago.
MKP has about the same debt/assets ratio as last year.
2.2 Solvency
MKP has an Altman-Z score of -0.30. This is a bad value and indicates that MKP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.30, MKP is doing worse than 96.55% of the companies in the same industry.
MKP has a Debt/Equity ratio of 8.21. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 8.21, MKP is not doing good in the industry: 82.76% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.21 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.3 |
ROIC/WACC0.19
WACC4.59%
2.3 Liquidity
MKP has a Current Ratio of 0.05. This is a bad value and indicates that MKP is not financially healthy enough and could expect problems in meeting its short term obligations.
MKP has a Current ratio of 0.05. This is in the lower half of the industry: MKP underperforms 68.97% of its industry peers.
MKP has a Quick Ratio of 0.05. This is a bad value and indicates that MKP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.05, MKP is doing worse than 68.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
MKP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.58%.
The Earnings Per Share has been growing slightly by 1.42% on average over the past years.
MKP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.76%.
MKP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.97% yearly.
EPS 1Y (TTM)-18.58%
EPS 3Y-3.4%
EPS 5Y1.42%
EPS Q2Q%-1.92%
Revenue 1Y (TTM)8.76%
Revenue growth 3Y25.04%
Revenue growth 5Y19.97%
Sales Q2Q%7.3%
3.2 Future
MKP is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.40% yearly.
The Revenue is expected to grow by 13.90% on average over the next years. This is quite good.
EPS Next Y-8.51%
EPS Next 2Y1.71%
EPS Next 3Y5.4%
EPS Next 5YN/A
Revenue Next Year6.14%
Revenue Next 2Y10.42%
Revenue Next 3Y13.9%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.70, the valuation of MKP can be described as reasonable.
MKP's Price/Earnings ratio is a bit cheaper when compared to the industry. MKP is cheaper than 79.31% of the companies in the same industry.
MKP is valuated cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.05, which indicates a very decent valuation of MKP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MKP indicates a rather cheap valuation: MKP is cheaper than 86.21% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. MKP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.7 | ||
| Fwd PE | 10.05 |
4.2 Price Multiples
82.76% of the companies in the same industry are more expensive than MKP, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 43.99 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)8.23
EPS Next 2Y1.71%
EPS Next 3Y5.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.36%, MKP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.71, MKP has a dividend in line with its industry peers.
MKP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.36% |
5.2 History
The dividend of MKP decreases each year by -2.27%.
MKP has paid a dividend for at least 10 years, which is a reliable track record.
MKP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-2.27%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
74.01% of the earnings are spent on dividend by MKP. This is not a sustainable payout ratio.
DP74.01%
EPS Next 2Y1.71%
EPS Next 3Y5.4%
TSX:MKP (9/17/2025, 7:00:00 PM)
21.52
-0.04 (-0.19%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners0.14%
Inst Owner ChangeN/A
Ins Owners1.32%
Ins Owner ChangeN/A
Market Cap856.07M
Analysts76.67
Price Target21.68 (0.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.36% |
Yearly Dividend1.14
Dividend Growth(5Y)-2.27%
DP74.01%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.46%
Min EPS beat(2)-18.13%
Max EPS beat(2)5.2%
EPS beat(4)2
Avg EPS beat(4)-3.32%
Min EPS beat(4)-57.87%
Max EPS beat(4)57.52%
EPS beat(8)3
Avg EPS beat(8)-7.58%
EPS beat(12)5
Avg EPS beat(12)0.4%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
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)6.92%
PT rev (3m)6.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.5%
EPS NY rev (1m)-10.93%
EPS NY rev (3m)-10.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.7 | ||
| Fwd PE | 10.05 | ||
| P/S | 2.8 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.38 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 43.99 |
EPS(TTM)1.84
EY8.55%
EPS(NY)2.14
Fwd EY9.95%
FCF(TTM)-3.95
FCFYN/A
OCF(TTM)-3.79
OCFYN/A
SpS7.69
BVpS15.61
TBVpS15.61
PEG (NY)N/A
PEG (5Y)8.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.24% | ||
| ROE | 11.5% | ||
| ROCE | 2.27% | ||
| ROIC | 0.88% | ||
| ROICexc | 0.9% | ||
| ROICexgc | 0.91% | ||
| OM | 22.99% | ||
| PM (TTM) | 23.34% | ||
| GM | 44.46% | ||
| FCFM | N/A |
ROA(3y)1.48%
ROA(5y)1.54%
ROE(3y)12.94%
ROE(5y)13.21%
ROIC(3y)1.07%
ROIC(5y)1.15%
ROICexc(3y)1.08%
ROICexc(5y)1.18%
ROICexgc(3y)1.08%
ROICexgc(5y)1.18%
ROCE(3y)2.73%
ROCE(5y)3.09%
ROICexcg growth 3Y-6.16%
ROICexcg growth 5Y-12.83%
ROICexc growth 3Y-6.18%
ROICexc growth 5Y-12.84%
OM growth 3Y-14.95%
OM growth 5Y-8.46%
PM growth 3Y-14.89%
PM growth 5Y-8.36%
GM growth 3Y-11.97%
GM growth 5Y-6.34%
F-Score2
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.21 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 70.7 | ||
| Cap/Depr | 350.31% | ||
| Cap/Sales | 2.03% | ||
| Interest Coverage | 0.46 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | -0.3 |
F-Score2
WACC4.59%
ROIC/WACC0.19
Cap/Depr(3y)205.57%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.68%
Cap/Sales(5y)0.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.58%
EPS 3Y-3.4%
EPS 5Y1.42%
EPS Q2Q%-1.92%
EPS Next Y-8.51%
EPS Next 2Y1.71%
EPS Next 3Y5.4%
EPS Next 5YN/A
Revenue 1Y (TTM)8.76%
Revenue growth 3Y25.04%
Revenue growth 5Y19.97%
Sales Q2Q%7.3%
Revenue Next Year6.14%
Revenue Next 2Y10.42%
Revenue Next 3Y13.9%
Revenue Next 5YN/A
EBIT growth 1Y-14.94%
EBIT growth 3Y6.35%
EBIT growth 5Y9.83%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5223.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5744.37%
OCF growth 3YN/A
OCF growth 5YN/A