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M Split

TSX:XMF.A
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XMF.A
TSX
CA$364K
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

M Split Corp. is a close-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • M Split is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • M Split has significant price volatility in the past 3 months.
XMF.A Share Price and Events
7 Day Returns
0%
TSX:XMF.A
-0.3%
CA Capital Markets
2.5%
CA Market
1 Year Returns
-42.2%
TSX:XMF.A
-21.2%
CA Capital Markets
-24.8%
CA Market
XMF.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
M Split (XMF.A) 0% -20% 6.7% -42.2% -57.2% -33.9%
CA Capital Markets -0.3% -25% -26.2% -21.2% -20.9% -21.9%
CA Market 2.5% -20.8% -24.7% -24.8% -22.2% -17%
1 Year Return vs Industry and Market
  • XMF.A underperformed the Capital Markets industry which returned -21.2% over the past year.
  • XMF.A underperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
XMF.A
Industry
5yr Volatility vs Market

Value

 Is M Split undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of M Split to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for M Split.

TSX:XMF.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:XMF.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.743 (1 + (1- 26.5%) (6814.71%))
25.764
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (2 * 5.44%)
12.32%

Discounted Cash Flow Calculation for TSX:XMF.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for M Split is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:XMF.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 10.73 Est @ 55.22% 9.56
2021 14.93 Est @ 39.08% 11.83
2022 19.08 Est @ 27.79% 13.46
2023 22.87 Est @ 19.89% 14.37
2024 26.15 Est @ 14.35% 14.63
2025 28.89 Est @ 10.48% 14.39
2026 31.13 Est @ 7.77% 13.80
2027 32.96 Est @ 5.87% 13.01
2028 34.46 Est @ 4.54% 12.11
2029 35.70 Est @ 3.61% 11.17
Present value of next 10 years cash flows CA$128.00
TSX:XMF.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$35.70 × (1 + 1.44%) ÷ (12.32% – 1.44%)
CA$332.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$332.87 ÷ (1 + 12.32%)10
CA$104.16
TSX:XMF.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$128.00 + CA$104.16
CA$232.16
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$232.16 / 2.28
CA$102.01
TSX:XMF.A Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$102.01
Current discount Discount to share price of CA$0.16
= -1 x (CA$0.16 - CA$102.01) / CA$102.01
99.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price M Split is available for.
Intrinsic value
>50%
Share price is CA$0.16 vs Future cash flow value of CA$102.01
Current Discount Checks
For M Split to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • M Split's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • M Split's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for M Split's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are M Split's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:XMF.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in CAD Not available
TSX:XMF.A Share Price ** TSX (2020-04-01) in CAD CA$0.16
Canada Capital Markets Industry PE Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 7.28x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of M Split.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for M Split, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does M Split's expected growth come at a high price?
Raw Data
TSX:XMF.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.93x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for M Split, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on M Split's assets?
Raw Data
TSX:XMF.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in CAD Not available
TSX:XMF.A Share Price * TSX (2020-04-01) in CAD CA$0.16
Canada Capital Markets Industry PB Ratio Median Figure of 160 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,360 Publicly-Listed Companies 0.99x

* Primary Listing of M Split.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess M Split's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. M Split has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is M Split expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as M Split has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is M Split expected to grow at an attractive rate?
  • Unable to compare M Split's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare M Split's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare M Split's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:XMF.A Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:XMF.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:XMF.A Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-11-30 4 7 0
2019-08-31 2 4 0
2019-05-31 -1 2 0
2019-02-28 -2 1 0
2018-11-30 -4 1 0
2018-08-31 -1 1 0
2018-05-31 2 1 0
2018-02-28 3 1 0
2017-11-30 4 2 0
2017-08-31 4 2 0
2017-05-31 4 1 0
2017-02-28 3 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if M Split is high growth as no earnings estimate data is available.
  • Unable to determine if M Split is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:XMF.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from M Split Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:XMF.A Past Financials Data
Date (Data in CAD Millions) EPS *
2019-11-30
2019-08-31
2019-05-31
2019-02-28
2018-11-30
2018-08-31
2018-05-31
2018-02-28
2017-11-30
2017-08-31
2017-05-31
2017-02-28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if M Split will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess M Split's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
M Split has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has M Split performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare M Split's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • M Split has delivered over 20% year on year earnings growth in the past 5 years.
  • Unable to compare M Split's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare M Split's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
M Split's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from M Split Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:XMF.A Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 4.34 0.00 0.22
2019-08-31 1.78 0.00 0.22
2019-05-31 -0.78 0.00 0.21
2019-02-28 -2.32 0.00 0.21
2018-11-30 -3.87 0.00 0.22
2018-08-31 -1.07 0.00 0.23
2018-05-31 1.73 0.00 0.24
2018-02-28 2.95 0.00 0.23
2017-11-30 4.17 0.00 0.23
2017-08-31 4.27 0.00 0.22
2017-05-31 4.37 0.00 0.21
2017-02-28 3.12 0.00 0.21
2016-11-30 1.88 0.00 0.20
2016-08-31 -0.35 0.00 0.20
2016-05-31 -2.58 0.00 0.20
2016-02-29 -1.32 0.00 0.20
2015-11-30 -0.06 0.00 0.21
2015-08-31 1.76 -0.03 0.21
2015-05-31 3.58 -0.06 0.22
2015-02-28 3.19 -0.06 0.21
2014-11-30 2.81 -0.06 0.21
2014-08-31 -0.07 -0.03 0.20
2014-05-31 -0.10 0.00 0.19
2014-02-28 0.21 0.00 0.18
2013-11-30 0.51 0.00 0.17
2013-08-31 0.52 0.00 0.16
2013-05-31 0.53 0.00 0.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if M Split has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • M Split used its assets less efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if M Split improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess M Split's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
M Split has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is M Split's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up M Split's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • M Split's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • M Split has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of M Split's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from M Split Company Filings, last reported 4 months ago.

TSX:XMF.A Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 24.82 24.17
2019-08-31 24.82 24.17
2019-05-31 22.28 22.19
2019-02-28 22.28 22.19
2018-11-30 21.98 22.33
2018-08-31 21.98 22.33
2018-05-31 24.55 24.48
2018-02-28 24.55 24.48
2017-11-30 27.36 27.81
2017-08-31 27.36 27.81
2017-05-31 24.34 24.30
2017-02-28 24.34 24.30
2016-11-30 24.70 25.12
2016-08-31 24.70 25.12
2016-05-31 21.46 21.46
2016-02-29 21.46 21.46
2015-11-30 24.29 24.29
2015-08-31 24.29 24.29
2015-05-31 25.50 25.50
2015-02-28 25.50 25.50
2014-11-30 25.80 27.81
2014-08-31 0.00 25.79 3.97
2014-05-31 0.00 20.05 0.20
2014-02-28 0.00 20.05 0.20
2013-11-30 0.00 21.16 1.96
2013-08-31 0.00 21.16 1.96
2013-05-31 0.00 17.69 1.23
  • Unable to establish if M Split's level of debt is high without past debt data.
  • Unable to establish if M Split's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (27.9%, greater than 20% of total debt).
  • M Split is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess M Split's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. M Split has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is M Split's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from M Split dividends.
If you bought CA$2,000 of M Split shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate M Split's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate M Split's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:XMF.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:XMF.A Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2010-07-29 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as M Split has not reported any payouts.
  • Unable to verify if M Split's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of M Split's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as M Split has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess M Split's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can M Split afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. M Split has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of M Split's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • M Split has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess M Split's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. M Split has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

M Split Corp. is a close-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in the stocks of companies engaged in the financial sector. It invests its entire corpus in the stock of Manulife Financial Corp. The fund benchmarks the performance of its portfolio against the S&P TSX Financial index. M Split Corp. was formed on February 12, 2007 and is domiciled in Canada.

Details
Name: M Split Corp.
XMF.A
Exchange: TSX
Founded: 2007
CA$364,142
2,275,889
Website: http://www.m-split.com
Address: M Split Corp.
77 King Street West,
Royal Trust Tower,
Toronto,
Ontario, M5K 1K7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX XMF.A Capital Shares The Toronto Stock Exchange CA CAD 23. Mar 2010
Number of employees
Current staff
Staff numbers
0
M Split employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 05:27
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/02/25
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.