MCAN Mortgage (MKP) Stock Price, News & Analysis

Company 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. The company was founded in 1980 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$17.79 to C$18.04
• 50-Day Range: C$17.85 to C$19.70
• 52-Week Range: C$15.30 to C$19.86
• Volume: 45,561 shs
• Average Volume: 41,044 shs
• Market Capitalization: C$680.98 million
• P/E Ratio: 8.11
• Dividend Yield: 8.74%
• Price Target: C$19.00
• Consensus Rating: Buy

MCAN Mortgage Stock Analysis - MarketRank™

MCAN Mortgage scored higher than 30% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

MCAN Mortgage has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

MCAN Mortgage has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of MCAN Mortgage is 8.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of MCAN Mortgage is 8.11, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 418.74.

Price to Book Value per Share Ratio

MCAN Mortgage has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MKP.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

MCAN Mortgage is a leading dividend payer. It pays a dividend yield of 8.35%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

MCAN Mortgage does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MCAN Mortgage is 70.91%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MKP.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.03

News Sentiment

MCAN Mortgage has a news sentiment score of 1.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for MCAN Mortgage this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for MKP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

1 people have added MCAN Mortgage to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MCAN Mortgage insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.28% of the stock of MCAN Mortgage is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 0.47% of the stock of MCAN Mortgage is held by institutions.

MKP Stock Analysis - Frequently Asked Questions

How have MKP shares performed this year?

MCAN Mortgage's stock was trading at C$15.89 at the beginning of the year. Since then, MKP stock has increased by 12.3% and is now trading at C$17.85.
View the best growth stocks for 2024 here.

How do I buy shares of MCAN Mortgage?

Shares of MKP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of MCAN Mortgage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MCAN Mortgage investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Magna International (MG), TELUS (T), Meta Platforms (META), Royal Bank of Canada (RY) and NVIDIA (NVDA).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Today: 12/22/2024
• Dividend Payable: 1/02/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Mortgage Finance
• Sub-Industry: N/A
• Current Symbol: TSE:MKP
• CUSIP: N/A
• CIK: N/A
• Web: www.mcanmortgage.com
• Phone: +1-416-5724880
• Fax: N/A
• Employees: 142
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$19.00
• High Stock Price Target: C$19.00
• Low Stock Price Target: C$19.00
• Potential Upside/Downside: +6.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.20
• Trailing P/E Ratio: 8.11
• Forward P/E Ratio: 7.11
• P/E Growth: N/A
• Net Income: C$81.30 million
• Net Margins: 61.99%
• Pretax Margin: N/A
• Return on Equity: 14.76%
• Return on Assets: 1.71%

Debt

• Debt-to-Equity Ratio: 373.58
• Current Ratio: 1.97
• Quick Ratio: 1.97

Sales & Book Value

• Annual Sales: C$131.16 million
• Price / Sales: 5.19
• Cash Flow: C$1.44 per share
• Price / Cash Flow: 12.39
• Book Value: C$15.34 per share
• Price / Book: 1.16

Miscellaneous

• Outstanding Shares: 38,150,000
• Free Float: N/A
• Market Cap: C$680.98 million
• Optionable: Not Optionable
• Beta: 0.85