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    Financial - Mortgages
MCAN Mortgage Corporation

MCAN Mortgage Corporation

MAMTF
MCAN Mortgage CorporationUS flagOther OTC
18.05
USD
- -
- -
734.73MMarket Cap
MCAN Mortgage Corporation
MAMTF
(Other OTC)

Recent

price

18.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.21
1.98
1.54
2.07
1.84
2.13
2.43
2.47
2.29
2.79
2.84
3.61
2.83
3.53
3.56
- -
3.88
Revenue per Share
1.78
1.64
1.19
1.54
1.2
1.47
1.71
1.68
1.5
1.96
1.73
2.4
1.77
2.22
2.06
- -
2.04
Basic EPS, GAAP
31.92
23.54
-24.64
-32.6
0.69
0.95
2.2
0.98
-0.16
-1.31
2.37
-4.25
0.9
-1.73
1.3
- -
1.75
Free Cash Flow per Basic Share
1.14
1.65
1.35
1.1
1.09
1.07
1.13
1.21
1.44
1
1.39
0.83
1.16
1.01
1.12
- -
1.42
Dividend per Share
1.64
9.45
9.94
10.53
10.33
11.14
11.32
11.75
12.66
13.37
13.97
16.17
15.64
15.23
15.95
- -
16.42
Book Value per Share
8.36
9.58
10.1
10.71
10.63
11.55
11.94
12.43
12.66
13.37
13.97
16.17
15.64
15.23
15.88
- -
16.36
Tangible Book Value per Share
15
17
18
20
21
22
24
24
24
25
25
27
31
35
38
- -
40
Basic Weighted Avg Shares
78
33
28
41
39
48
57
59
55
69
70
96
88
123
134
147
155
Sales/Revenue/Turnover
40.97
75.83
58.43
72.18
68.09
68.91
69
67.5
103.42
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
1
- -
- -
- -
1
- -
- -
1
1
1
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
27
27
21
31
25
33
40
40
36
48
43
64
55
77
78
75
81
Net Income, GAAP
16.6
- -
- -
- -
3.82
- -
- -
- -
- -
- -
- -
- -
- -
0.93
- -
- -
3.59
Effective Tax Rate (%)
34.17
82.72
77.34
74.24
65.49
69.1
70.16
67.92
65.63
70.17
60.94
66.7
62.59
62.94
57.97
50.84
52.59
Profit Margin (%)
-2,827
-2,701
-257
-333
-739
-786
-745
-711
139
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
421
3,111
2,015
18
746
1,070
1,072
1,016
- -
8
3
101
9
66
6
28
70
LT Debt
125
158
182
215
225
259
282
297
307
330
347
433
489
532
599
645
656
Total Equity
1.28
- -
- -
- -
4.23
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
1.67
- -
- -
- -
9.86
- -
- -
- -
- -
- -
- -
- -
- -
14.15
- -
- -
20.13
Return on Capital (%)
114.28
29.98
12.83
15.79
11.84
14.06
15.6
14.62
12.38
15.19
12.69
16.53
12.01
15.19
13.71
12.03
12.87
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
41
Market Capitalization
849
884
909

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
142
80
129
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.71%
13.39%
7.62%
Free Cash Flow
-58.97%
-200.21%
-86.45%
Net Income, GAAP
10.71%
14.53%
-3.5%
Sales/Revenue/Turnover
13.06%
17.34%
10.02%
Total Cash Common Dividend
12.39%
14.55%
28.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35
35
40
18
134
2025
34
38
38
38
147
2026
42
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.65
0.52
0.7
- -
2.06
2025
0.43
0.51
0.52
- -
- -
2026
0.57
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.54
0.27
0.33
- -
1.12
2025
0.68
0.35
0.35
- -
- -
2026
0.71
- -
- -
- -
- -
Similar Companies
Federal Home Loan Mortgage Corporation (FMCCP)
Federal National Mortgage Association (FNMAJ)
Firm Capital Mortgage Investment Corporation (FCMGF)
Home First Finance Company India Limited (HOMEFIRST.BO)
Federal Home Loan Mortgage Corporation (FMCCG)
Transwarranty Finance Limited (TFL.BO)
Business
MCAN Mortgage Corporation (TSX: MKP), operating as MCAN Financial Group, is a Canada-based mortgage investment corporation that generates income for investors through a diversified portfolio of Canadian mortgages and real estate-related investments, including residential mortgages; residential and non-residential construction loans; commercial loans; securitization investments; real estate investment trusts (REITs); private investment funds; and marketable securities such as corporate bonds. The company conducts its operations through three primary divisions: MCAN Home, which partners with accredited mortgage professionals to provide insured and uninsured residential mortgage solutions including fixed- and variable-rate mortgages, convertible mortgages, renewals, refinances, investment property financing, self-employed borrower programs, low credit score options, home equity lines of credit (HELOCs), and specialized products for rental properties, vacation homes, and alternative income sources like Uber drivers or boarder income; MCAN Capital, which focuses on construction and commercial financing, REIT investing, and private funds for community development lending; and MCAN Wealth, which offers Canada Deposit Insurance Corporation (CDIC)-insured investment solutions. Founded in 1991 and headquartered at 200 King Street West, Suite 600 in Toronto, Ontario, MCAN Mortgage Corporation primarily serves Canadian borrowers and investors, with total assets exceeding $5.7 billion as of mid-2025 and approximately 160 employees supporting nationwide operations. In recent developments, the company rebranded from MCAN Mortgage Corporation to MCAN Financial Group in 2022, reflecting its expanded scope beyond mortgages into broader real estate finance, and concurrently rebranded its subsidiary XMC Mortgage Corporation (acquired in 2013) as MCAN Home Mortgage Corporation under new leadership; it reported record growth in 2024 with uninsured residential mortgages reaching $1.1 billion (up 15%), securitized mortgages at $2.4 billion (up 25%), and total assets of $5.3 billion (up 12.8%), driven by robust originations amid challenging rates, alongside a 13.94% equity stake in MCAP, Canada's largest mortgage financier; through 2025, assets further expanded to $5.7 billion by Q2 with non-securitized mortgages up 11% year-over-year, uninsured residential originations increasing 17%, and construction/commercial loans growing 7%, while maintaining strong credit quality with arrears ratios below 3% and declaring consistent quarterly dividends of $0.41 per share.