# MCAN Mortgage Corporation (MKP.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Thrifts & Mortgage Finance. Price C$21.88, market value C$895 million.

## Valuation
- **P/E (trailing): 10.4×** (5-yr avg 7.2×, 3-yr avg 8.4×). MCAN Mortgage Corporation trades at 10.4× trailing earnings, well above its own five-year average of 7.2×: 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 11.6×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 3.2×**. Each dollar of revenue is priced at 3.2×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 113.9%** (5-yr avg 17.9%). Free cash flow equals 113.9% of the market value, above its five-year average of 17.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 9.6%**. The inverse of the P/E: 9.6% of the price is earned each year.

## Profitability
- **Net margin: 25.4%**. 25.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.6%**. 11.6% on shareholders' equity is solid.
- **Return on assets: 1.3%**. Each dollar of assets produces 1.3% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -1.0%** (3-yr 21.3%/yr, 5-yr 19.4%/yr). Revenue fell 1.0% over the last year, against 19.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -8.3%** (3-yr 2.2%/yr, 5-yr 2.0%/yr). Earnings per share fell 8.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 236.4%/yr**. Free cash flow has compounded at 236.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: C$206 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: 7.77%** (C$1.68 per share, trailing). MCAN Mortgage Corporation yields 7.77%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 72%** (6% of free cash flow). 72% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Dividend growth (5 yr): 4.9%/yr** (1-yr 5.1%). The dividend has grown 4.9% a year over five years.
- **Shareholder yield: 5.9%**. Dividends plus net buybacks return 5.9% of the market value a year.

## Price and momentum
- **Total return (1 yr): 7.5%** (YTD 1.2%, 3-mo -9.9%). The shares are up 7.5% over twelve months including dividends.
- **From 52-week high: -18.0%** (7.8% above the low). Trading 18% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 0.44** (volatility 18%). Beta of 0.44 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.