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MCAN Mortgage

OTCPK:MAMT.F
Snowflake Description

Good value with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAMT.F
OTCPK
CA$262M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
MAMT.F Share Price and Events
7 Day Returns
0%
OTCPK:MAMT.F
-14.6%
US Mortgage
-2.8%
US Market
1 Year Returns
-3.6%
OTCPK:MAMT.F
-37.4%
US Mortgage
-15.9%
US Market
MAMT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MCAN Mortgage (MAMT.F) 0% - - -3.6% 2.1% 2.4%
US Mortgage -14.6% -37.7% -42.5% -37.4% -34.5% -22.3%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • MAMT.F outperformed the Mortgage industry which returned -37.4% over the past year.
  • MAMT.F outperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
MAMT.F
Industry
5yr Volatility vs Market

Value

 Is MCAN Mortgage 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 MCAN Mortgage 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 MCAN Mortgage.

OTCPK:MAMT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$12.82 * 13.3%
CA$1.70
Book Value of Equity per Share Median Book Value from the past 5 years. CA$12.82
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:MAMT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.605 (1 + (1- 26.5%) (305.63%))
0.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.946 * 5.44%)
6.88%

Discounted Cash Flow Calculation for OTCPK:MAMT.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for MCAN Mortgage is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:MAMT.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.3% – 6.88%) * CA$12.82)
CA$0.82
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$0.82 / (6.88% - 1.74%)
CA$15.96
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$12.82 + CA$15.96
CA$28.78
OTCPK:MAMT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:MAMT.F represents 1.06667x of TSX:MKP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06667x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 28.78 x 1.06667
$30.70
Value per share (USD) From above. $30.70
Current discount Discount to share price of $11.52
= -1 x ($11.52 - $30.70) / $30.70
62.5%

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

Current Discount
Amount off the current price MCAN Mortgage is available for.
Intrinsic value
>50%
Share price is $11.52 vs Future cash flow value of $30.7
Current Discount Checks
For MCAN Mortgage to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MCAN Mortgage's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MCAN Mortgage'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 MCAN Mortgage's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MCAN Mortgage's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:MAMT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$2.01
TSX:MKP Share Price ** TSX (2020-03-10) in CAD CA$10.8
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.16x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of MCAN Mortgage.

OTCPK:MAMT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MKP Share Price ÷ EPS (both in CAD)

= 10.8 ÷ 2.01

5.38x

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

  • MCAN Mortgage is good value based on earnings compared to the US Mortgage industry average.
  • MCAN Mortgage is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does MCAN Mortgage's expected growth come at a high price?
Raw Data
OTCPK:MAMT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.15x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*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 MCAN Mortgage, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MCAN Mortgage's assets?
Raw Data
OTCPK:MAMT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$13.64
TSX:MKP Share Price * TSX (2020-03-10) in CAD CA$10.8
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.74x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
OTCPK:MAMT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MKP Share Price ÷ Book Value per Share (both in CAD)

= 10.8 ÷ 13.64

0.79x

* Primary Listing of MCAN Mortgage.

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

  • MCAN Mortgage is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess MCAN Mortgage'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 Mortgage 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 Mortgage industry average (and greater than 0)? (1 check)
  5. MCAN Mortgage has a total score of 4/6, 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 MCAN Mortgage 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 MCAN Mortgage 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
1.8%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MCAN Mortgage expected to grow at an attractive rate?
  • Unable to compare MCAN Mortgage's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare MCAN Mortgage's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare MCAN Mortgage's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:MAMT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:MAMT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
OTCPK:MAMT.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:MAMT.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 75 -32 48
2019-09-30 68 1 41
2019-06-30 64 -26 38
2019-03-31 66 14 40
2018-12-31 61 -4 36
2018-09-30 68 -6 44
2018-06-30 68 4 42
2018-03-31 65 -20 40
2017-12-31 65 24 40
2017-09-30 62 35 38
2017-06-30 62 51 38
2017-03-31 67 36 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if MCAN Mortgage is high growth as no earnings estimate data is available.
  • Unable to determine if MCAN Mortgage 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
OTCPK:MAMT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MCAN Mortgage Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MAMT.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:MAMT.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 2.01
2019-09-30 1.72
2019-06-30 1.58
2019-03-31 1.69
2018-12-31 1.54
2018-09-30 1.85
2018-06-30 1.81
2018-03-31 1.73
2017-12-31 1.72
2017-09-30 1.64
2017-06-30 1.64
2017-03-31 1.85

*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 MCAN Mortgage will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether MCAN Mortgage is trading at MCAN Mortgage'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. MCAN Mortgage's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access MCAN Mortgage's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MCAN Mortgage'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of 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.
MCAN Mortgage 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 MCAN Mortgage 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 MCAN Mortgage's growth in the last year to its industry (Mortgage).
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.
  • MCAN Mortgage's year on year earnings growth rate has been positive over the past 5 years.
  • MCAN Mortgage's 1-year earnings growth exceeds its 5-year average (33.1% vs 8.5%)
  • MCAN Mortgage's earnings growth has exceeded the US Mortgage industry average in the past year (33.1% vs 10.9%).
Earnings and Revenue History
MCAN Mortgage'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 MCAN Mortgage Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:MAMT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 75.33 48.29 21.20
2019-09-30 68.35 41.29 21.40
2019-06-30 63.53 37.75 20.07
2019-03-31 65.95 39.98 19.78
2018-12-31 61.28 36.29 18.92
2018-09-30 68.01 43.55 18.71
2018-06-30 67.73 42.47 19.76
2018-03-31 64.88 40.28 19.23
2017-12-31 64.88 39.93 19.22
2017-09-30 62.32 38.12 18.39
2017-06-30 61.82 37.98 18.03
2017-03-31 66.61 42.68 18.06
2016-12-31 63.28 40.18 17.96
2016-09-30 64.24 40.63 17.72
2016-06-30 60.33 38.05 16.97
2016-03-31 56.57 36.33 15.46
2015-12-31 52.56 32.86 14.51
2015-09-30 47.76 30.54 13.49
2015-06-30 45.96 28.19 13.50
2015-03-31 40.64 22.37 13.59
2014-12-31 43.16 25.45 13.38
2014-09-30 49.59 31.29 13.48
2014-06-30 51.98 35.72 13.36
2014-03-31 48.97 34.15 12.22
2013-12-31 44.59 30.81 10.78
2013-09-30 36.53 25.18 9.95
2013-06-30 29.68 19.36 8.50

*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.
  • MCAN Mortgage has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MCAN Mortgage used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if MCAN Mortgage improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess MCAN Mortgage'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 Mortgage 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.
MCAN Mortgage has a total score of 4/6, 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 MCAN Mortgage's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of MCAN Mortgage'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.
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 MCAN Mortgage Company Filings, last reported 3 months ago.

OTCPK:MAMT.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 330.31 798.71 54.45
2019-09-30 327.51 795.67 58.78
2019-06-30 319.34 846.23 52.52
2019-03-31 316.77 888.94 53.81
2018-12-31 306.69 897.94 98.84
2018-09-30 302.42 933.55 75.24
2018-06-30 306.10 976.77 96.99
2018-03-31 302.05 1,018.32 62.46
2017-12-31 296.98 1,015.70 117.57
2017-09-30 290.27 1,027.09 97.20
2017-06-30 288.23 1,058.86 108.55
2017-03-31 285.71 1,087.90 94.72
2016-12-31 281.78 1,071.79 111.73
2016-09-30 275.87 1,058.40 80.20
2016-06-30 274.22 1,062.41 73.95
2016-03-31 265.63 1,047.08 78.39
2015-12-31 258.80 1,070.30 75.76
2015-09-30 254.93 1,155.50 91.69
2015-06-30 238.19 1,005.91 110.37
2015-03-31 231.34 880.57 78.49
2014-12-31 225.30 746.20 51.16
2014-09-30 220.71 665.23 86.76
2014-06-30 220.73 667.81 90.34
2014-03-31 218.41 728.30 71.41
2013-12-31 214.90 1,072.65 66.33
2013-09-30 202.96 1,277.01 126.66
2013-06-30 177.09 1,445.46 75.07
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if MCAN Mortgage has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if MCAN Mortgage's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • MCAN Mortgage reports no customer deposits, loans are made up entirely of borrowed funds.
  • MCAN Mortgage's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if MCAN Mortgage has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if MCAN Mortgage has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess MCAN Mortgage'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. MCAN Mortgage has a total score of 1/6, 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 MCAN Mortgage'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
12.59%
Current annual income from MCAN Mortgage dividends.
If you bought $2,000 of MCAN Mortgage shares you are expected to receive $252 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?
  • MCAN Mortgage's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.07%).
  • MCAN Mortgage's dividend is above the markets top 25% of dividend payers in United States of America (5.82%).
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
OTCPK:MAMT.F 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
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

OTCPK:MAMT.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
OTCPK:MAMT.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-26 1.360 10.140
2019-08-07 1.280 7.814
2019-02-22 1.430 9.077
2018-11-08 1.280 9.212
2018-08-10 1.480 8.814
2018-05-08 1.480 8.145
2018-02-26 1.480 8.256
2017-10-13 1.480 8.423
2017-08-11 1.280 8.370
2017-05-09 1.280 8.721
2017-02-24 1.200 8.110
2016-11-11 1.200 8.247
2016-08-11 1.160 8.166
2016-05-12 1.160 8.215
2016-02-26 1.160 8.880
2015-11-06 1.160 9.518
2015-08-12 1.120 8.962
2015-05-06 1.120 9.178
2014-11-06 1.120 8.115
2014-08-13 1.120 7.655
2014-05-07 1.120 7.793
2014-02-25 1.120 8.384
2013-11-13 1.120 8.611
2013-08-13 1.150 9.074
2013-05-14 1.150 8.149
2013-03-01 1.150 7.747
2012-11-08 1.450 10.204
2012-08-09 1.410 10.235
2012-05-14 1.410 10.151
2012-02-16 1.410 9.929
2011-11-11 1.810 13.073
2011-08-10 1.810 12.648
2011-05-12 1.810 12.464
2011-02-18 1.810 11.967
2010-11-12 1.190 8.352
2010-08-13 1.190 9.055
2010-05-12 1.190 9.322
2010-02-12 1.190 9.087
2009-11-04 1.040 7.654
2009-08-06 1.000 8.006
2009-05-12 1.000 8.647

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of MCAN Mortgage's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
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 MCAN Mortgage's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 MCAN Mortgage afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MCAN Mortgage has a total score of 4/6, 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 MCAN Mortgage'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.
CEO
Karen Weaver
COMPENSATION CA$243,376
AGE 60
TENURE AS CEO 1.5 years
CEO Bio

Ms. Karen H. Weaver, CPA, ICD.D, has been President and Chief Executive Officer at MCAN Mortgage Corporation since May 2019. Ms. Weaver serves as Chief Financial Officer and Executive Vice President at D+H Limited Partnership. She has been a Director at MCAN Mortgage Corporation since November 11, 2011 and served as its Interim Chief Executive Officer since October 9, 2018 until May 2019. She is licensed by the Washington State Board of Public Accountants, is a Certified Corporate Director in Canada and a member of the Institute of Corporate Directors. Ms. Weaver has significant experience in real estate, financing, public financial accounting and reporting and corporate strategy and operations. Ms. Weaver served as Chief Financial Officer and Executive Vice President of DH Corporation since September 2, 2014 until 2017 and served as its Company Secretary. She served 20+ years as the Chief Financial Officer and Executive Vice President of First Capital Realty Inc. from January 12, 2004 to June 2, 2014 and served as its Corporate Secretary. She has over 15 years of experience in real estate both in Canada and the United States. She served as an Acting Chief Financial Officer of Gazit America Inc. until August 14, 2008. She served as the Chief Financial Officer and Senior Vice President at Brookfield Property Corp from 2000 to 2003. She served as the Chief Financial Officer and Senior Vice President of Gentra. She also served with KPMG in the United States in audit, consulting and professional development. She served as a Director of Gazit America Inc. from January 2004 to August 14, 2008; Ontario Realty Corporation and Ontario Infrastructure and Lands Corporation. She is a Member of Toronto Corporate Real Estate Women (CREW). She was also recognized in 2003 as one of the Top 100 Most Powerful Women in Canada. She was awarded a Distinguished Alumni Award in 2002. Ms. Weaver graduated, Magna Cum Laude, from Old Dominion University in Virginia with a Bachelor's Degree in Business Administration and is a Certified Public Accountant. Ms. Weaver holds a NACD CERT in Cybersecurity Oversight. Ms. Weaver also serves on the Board of Trustees of the Ontario Science Centre.

CEO Compensation
  • Karen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Karen's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the MCAN Mortgage management team in years:

1.5
Average Tenure
  • The average tenure for the MCAN Mortgage management team is less than 2 years, this suggests a new team.
Management Team

Karen Weaver

TITLE
President
COMPENSATION
CA$243K
AGE
60
TENURE
1.5 yrs

Dipti Patel

TITLE
VP & CFO
COMPENSATION
CA$272K
TENURE
1.4 yrs

Carl Brown

TITLE
Vice President of Investments
COMPENSATION
CA$335K
TENURE
0.5 yrs

Mike Jensen

TITLE
VP, Chief Compliance Officer and Chief Anti-Money Laundering & Privacy Officer
TENURE
2.3 yrs

Eugene Basolini

TITLE
President of MTC Leasing Inc and Chief Operating Officer of MTC Leasing Inc

Sylvia Pinto

TITLE
VP, Corporate Secretary & Governance Officer

Emily Randle

TITLE
VP & Chief Risk Officer
TENURE
1.5 yrs

Dale Klein

TITLE
Chief Executive Officer of Canada ICI Capital Corporation
Board of Directors Tenure

Average tenure and age of the MCAN Mortgage board of directors in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the MCAN Mortgage board of directors is about average.
Board of Directors

Derek Sutherland

TITLE
Independent Chairman
COMPENSATION
CA$110K
AGE
48
TENURE
0.2 yrs

Karen Weaver

TITLE
President
COMPENSATION
CA$243K
AGE
60
TENURE
8.4 yrs

Gordon Herridge

TITLE
Independent Director
COMPENSATION
CA$58K
TENURE
1.9 yrs

Loraine McIntosh

TITLE
Independent Director
COMPENSATION
CA$122K
TENURE
2.9 yrs

Susan Doré

TITLE
Lead Director
COMPENSATION
CA$74K
TENURE
6.9 yrs

Ian Sutherland

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
74
TENURE
29.3 yrs

Verna Cuthbert

TITLE
Independent Director
COMPENSATION
CA$61K
TENURE
6.6 yrs

Gaelen Morphet

TITLE
Independent Director
COMPENSATION
CA$56K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by MCAN Mortgage individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
31. Mar 20 Buy Tachane Foundation Inc., Endowment Arm Company 30. Mar 20 30. Mar 20 800 $7.62 $6,099
18. Mar 20 Buy Loraine McIntosh Individual 18. Mar 20 18. Mar 20 500 $8.09 $4,046
18. Mar 20 Buy Gaelen Morphet Individual 18. Mar 20 18. Mar 20 400 $8.21 $3,282
16. Mar 20 Buy Loraine McIntosh Individual 16. Mar 20 16. Mar 20 500 $9.84 $4,921
13. Mar 20 Buy Tachane Foundation Inc., Endowment Arm Company 11. Mar 20 11. Mar 20 5,000 $11.04 $55,184
13. Mar 20 Buy Susan Doré Individual 12. Mar 20 12. Mar 20 900 $9.70 $8,734
12. Mar 20 Buy Gaelen Morphet Individual 12. Mar 20 12. Mar 20 500 $9.53 $4,766
11. Mar 20 Buy Raymond Doré Individual 09. Mar 20 09. Mar 20 2,600 $11.19 $29,085
11. Mar 20 Buy Susan Doré Individual 09. Mar 20 09. Mar 20 3,600 $11.89 $40,908
09. Mar 20 Buy Loraine McIntosh Individual 09. Mar 20 09. Mar 20 1,000 $11.27 $11,268
03. Mar 20 Buy Tachane Foundation Inc., Endowment Arm Company 28. Feb 20 28. Feb 20 10,000 $11.75 $116,547
02. Mar 20 Buy Gaelen Morphet Individual 28. Feb 20 28. Feb 20 4,650 $12.07 $55,414
02. Mar 20 Buy Susan Doré Individual 28. Feb 20 28. Feb 20 1,800 $11.88 $21,388
28. Feb 20 Buy Derek Sutherland Individual 28. Feb 20 28. Feb 20 720 $11.63 $8,374
28. Feb 20 Sell Gordon Herridge Individual 28. Feb 20 28. Feb 20 -965 $11.57 $-11,164
22. Jan 20 Buy Karen Weaver Individual 19. Jun 19 21. Jun 19 5,000 $11.99 $59,856
18. Aug 19 Buy Tachane Foundation Inc., Endowment Arm Company 15. Aug 19 16. Aug 19 8,600 $11.66 $99,554
18. Aug 19 Buy Ian Sutherland Individual 14. Aug 19 15. Aug 19 5,117 $11.86 $60,472
12. Jul 19 Buy Scotiabank Global Banking and Markets, Asset Management Division Company 12. Jul 19 12. Jul 19 3,000 $12.22 $36,657
20. Jun 19 Buy Karen Weaver Individual 19. Jun 19 19. Jun 19 1,600 $11.87 $18,994
06. Jun 19 Buy MacDougall, MacDougall & MacTier, Inc., Asset Management Arm Company 05. Jun 19 05. Jun 19 1,000 $11.99 $11,986
X
Management checks
We assess MCAN Mortgage'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. MCAN Mortgage 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

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. 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.

Details
Name: MCAN Mortgage Corporation
MAMT.F
Exchange: OTCPK
Founded: 1980
CA$185,641,292
24,292,882
Website: http://www.mcanmortgage.com
Address: MCAN Mortgage Corporation
200 King Street West,
Suite 600,
Toronto,
Ontario, M5H 3T4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MKP Common Shares The Toronto Stock Exchange CA CAD 04. Jan 2000
OTCPK MAMT.F Common Shares Pink Sheets LLC US USD 04. Jan 2000
Number of employees
Current staff
Staff numbers
98
MCAN Mortgage employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 04:53
End of day share price update: 2020/03/10 00:00
Last estimates confirmation: 2019/02/22
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.