# Firm Capital Mortgage Investment Corporation (FC.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Thrifts & Mortgage Finance. Price C$11.80, market value C$434 million.

## Valuation
- **P/E (trailing): 12.4×** (5-yr avg 9.9×, 3-yr avg 10.3×). Firm Capital Mortgage Investment Corporation trades at 12.4× trailing earnings, well above its own five-year average of 9.9×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 11.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 5.77**. A PEG of 5.77 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 7.3×**. Each dollar of revenue is priced at 7.3×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 1.4%** (5-yr avg 10.3%). Free cash flow equals 1.4% of the market value, below its five-year average of 10.3%, so the shares are pricier on cash than usual.
- **Earnings yield: 8.1%**. The inverse of the P/E: 8.1% of the price is earned each year.

## Profitability
- **Net margin: 56.2%**. 56.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.8%**. 8.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 5.9%**. Each dollar of assets produces 5.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -2.8%** (3-yr 4.8%/yr, 5-yr 8.6%/yr). Revenue fell 2.8% over the last year, against 8.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 2.0%** (3-yr 2.8%/yr, 5-yr 2.1%/yr). Earnings per share rose 2.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -3.0%/yr**. Free cash flow has compounded at -3.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: C$14 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 7.93%** (C$0.94 per share, trailing). Firm Capital Mortgage Investment Corporation yields 7.93%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 97%** (635% of free cash flow). 97% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 1.6%/yr** (1-yr 2.8%). The dividend has grown 1.6% a year over five years.
- **Shareholder yield: 7.9%**. Dividends plus net buybacks return 7.9% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Firm Capital Mortgage Investment Corporation; the consensus is buy, with an average price target of C$12.50 (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 3.9%** (YTD 4.7%, 3-mo -0.9%). The shares are up 3.9% over twelve months including dividends.
- **From 52-week high: -5.4%** (2.5% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.24** (volatility 10%). Beta of 0.24 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FC.TO · Page: https://foliofundamentals.com/stocks/fc.to

Not investment advice.