Firm Capital Mortgage Investment Corporation
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, invests in short-term residential and commercial real estate mortgage loans and real estate related debt investments in Canada. The company originates, funds, purchases, and services mortgage investments. It also offers mortgage services, such as real estate financing, real estate investment finan… Read more
Firm Capital Mortgage Investment Corporation (FCMGF) - Net Assets
Latest net assets as of September 2025: $427.02 Million USD
Based on the latest financial reports, Firm Capital Mortgage Investment Corporation (FCMGF) has net assets worth $427.02 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($599.58 Million) and total liabilities ($172.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $427.02 Million |
| % of Total Assets | 71.22% |
| Annual Growth Rate | 14.76% |
| 5-Year Change | 23.31% |
| 10-Year Change | 100.2% |
| Growth Volatility | 19.38 |
Firm Capital Mortgage Investment Corporation - Net Assets Trend (2000–2024)
This chart illustrates how Firm Capital Mortgage Investment Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Firm Capital Mortgage Investment Corporation (2000–2024)
The table below shows the annual net assets of Firm Capital Mortgage Investment Corporation from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $423.39 Million | +6.06% |
| 2023-12-31 | $399.19 Million | +0.04% |
| 2022-12-31 | $399.05 Million | +4.28% |
| 2021-12-31 | $382.67 Million | +11.45% |
| 2020-12-31 | $343.35 Million | +9.38% |
| 2019-12-31 | $313.90 Million | +9.71% |
| 2018-12-31 | $286.11 Million | +0.73% |
| 2017-12-31 | $284.04 Million | +18.86% |
| 2016-12-31 | $238.97 Million | +13.00% |
| 2015-12-31 | $211.48 Million | +1.10% |
| 2014-12-31 | $209.19 Million | +12.68% |
| 2013-12-31 | $185.65 Million | +5.25% |
| 2012-12-31 | $176.38 Million | +19.13% |
| 2011-12-31 | $148.06 Million | +7.45% |
| 2010-12-31 | $137.80 Million | +3.82% |
| 2009-12-31 | $132.73 Million | +0.54% |
| 2008-12-31 | $132.02 Million | +9.53% |
| 2007-12-31 | $120.53 Million | +17.42% |
| 2006-12-31 | $102.65 Million | +0.53% |
| 2005-12-31 | $102.11 Million | +28.10% |
| 2004-12-31 | $79.71 Million | +47.35% |
| 2003-12-31 | $54.09 Million | +21.41% |
| 2002-12-31 | $44.55 Million | +78.71% |
| 2001-12-31 | $24.93 Million | +60.47% |
| 2000-12-31 | $15.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Firm Capital Mortgage Investment Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 172681900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $413.06 Million | 97.56% |
| Other Comprehensive Income | $9.20 Million | 2.17% |
| Other Components | $2.86 Million | 0.67% |
| Total Equity | $423.39 Million | 100.00% |
Firm Capital Mortgage Investment Corporation Competitors by Market Cap
The table below lists competitors of Firm Capital Mortgage Investment Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HEG Limited
NSE:HEG
|
$296.20 Million |
|
Medprin Regenerative Medical Technologies Co. Ltd.
SHE:301033
|
$296.25 Million |
|
Delcath Systems Inc
NASDAQ:DCTH
|
$296.30 Million |
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$296.36 Million |
|
RITES Limited
NSE:RITES
|
$295.99 Million |
|
Guangdong Delian Group Co Ltd
SHE:002666
|
$295.99 Million |
|
Shenzhen Fluence Technology PLC
SHE:300647
|
$295.97 Million |
|
Tianjin Tianbao Infrastructure Co Ltd
SHE:000965
|
$295.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firm Capital Mortgage Investment Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 399,189,685 to 423,386,867, a change of 24,197,182 (6.1%).
- Net income of 35,228,450 contributed positively to equity growth.
- Dividend payments of 34,845,217 reduced retained earnings.
- New share issuances of 25,369,427 increased equity.
- Other comprehensive income decreased equity by 127,335.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $35.23 Million | +8.32% |
| Dividends Paid | $34.85 Million | -8.23% |
| Share Issuances | $25.37 Million | +5.99% |
| Other Comprehensive Income | $-127.33K | -0.03% |
| Other Changes | $-1.43 Million | -0.34% |
| Total Change | $- | 6.06% |
Book Value vs Market Value Analysis
This analysis compares Firm Capital Mortgage Investment Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.96x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $8.62 | $8.25 | x |
| 2009-12-31 | $8.31 | $8.25 | x |
| 2010-12-31 | $8.28 | $8.25 | x |
| 2011-12-31 | $7.75 | $8.25 | x |
| 2012-12-31 | $7.78 | $8.25 | x |
| 2013-12-31 | $8.41 | $8.25 | x |
| 2014-12-31 | $8.55 | $8.25 | x |
| 2015-12-31 | $8.11 | $8.25 | x |
| 2016-12-31 | $8.00 | $8.25 | x |
| 2017-12-31 | $8.19 | $8.25 | x |
| 2018-12-31 | $7.83 | $8.25 | x |
| 2019-12-31 | $8.04 | $8.25 | x |
| 2020-12-31 | $11.26 | $8.25 | x |
| 2021-12-31 | $9.46 | $8.25 | x |
| 2022-12-31 | $9.76 | $8.25 | x |
| 2023-12-31 | $9.72 | $8.25 | x |
| 2024-12-31 | $10.61 | $8.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firm Capital Mortgage Investment Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 54.22%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.49x
- Recent ROE (8.32%) is below the historical average (9.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.45% | 60.98% | 0.11x | 1.51x | $69.78K |
| 2001 | 9.18% | 71.31% | 0.11x | 1.19x | $-204.77K |
| 2002 | 10.37% | 78.66% | 0.11x | 1.19x | $164.75K |
| 2003 | 10.56% | 78.54% | 0.11x | 1.27x | $305.55K |
| 2004 | 9.73% | 80.66% | 0.09x | 1.27x | $-215.88K |
| 2005 | 8.79% | 77.66% | 0.08x | 1.40x | $-1.23 Million |
| 2006 | 10.19% | 64.37% | 0.09x | 1.77x | $190.58K |
| 2007 | 10.73% | 60.56% | 0.09x | 1.96x | $874.49K |
| 2008 | 11.14% | 66.24% | 0.10x | 1.71x | $1.50 Million |
| 2009 | 10.89% | 78.54% | 0.11x | 1.28x | $1.18 Million |
| 2010 | 5.94% | 47.51% | 0.08x | 1.49x | $-5.60 Million |
| 2011 | 9.90% | 64.97% | 0.08x | 1.85x | $-146.61K |
| 2012 | 9.50% | 61.33% | 0.09x | 1.68x | $-882.55K |
| 2013 | 9.48% | 61.84% | 0.08x | 1.83x | $-956.81K |
| 2014 | 9.33% | 63.57% | 0.09x | 1.65x | $-1.41 Million |
| 2015 | 9.50% | 59.05% | 0.08x | 1.93x | $-1.07 Million |
| 2016 | 8.87% | 58.79% | 0.08x | 1.90x | $-2.71 Million |
| 2017 | 8.74% | 56.57% | 0.08x | 1.98x | $-3.58 Million |
| 2018 | 9.00% | 54.43% | 0.09x | 1.82x | $-2.86 Million |
| 2019 | 8.92% | 59.15% | 0.10x | 1.53x | $-3.39 Million |
| 2020 | 7.68% | 59.66% | 0.08x | 1.62x | $-7.98 Million |
| 2021 | 7.84% | 66.19% | 0.07x | 1.67x | $-8.28 Million |
| 2022 | 8.08% | 55.56% | 0.09x | 1.64x | $-7.67 Million |
| 2023 | 8.56% | 51.59% | 0.11x | 1.48x | $-5.75 Million |
| 2024 | 8.32% | 54.22% | 0.10x | 1.49x | $-7.11 Million |
Industry Comparison
This section compares Firm Capital Mortgage Investment Corporation's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $854,818,960
- Average return on equity (ROE) among peers: -13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firm Capital Mortgage Investment Corporation (FCMGF) | $427.02 Million | 10.45% | 0.40x | $296.07 Million |
| Atrium Mortgage Investment Corporation (AMIVF) | $482.21 Million | 10.68% | 0.82x | $339.62 Million |
| AVVAA World Health Care Products Inc (AVVH) | $-41.07K | 0.00% | 0.00x | $16.78 |
| Better Home & Finance Holding Company (BETR) | $15.42 Million | 64.09% | 22.39x | $351.94 Million |
| Eastside Distilling, Inc. (BLNE) | $1.58 Million | -256.44% | 0.29x | $50.97 Million |
| Dominion Lending Centres Inc (BRLGF) | $157.84 Million | -4.27% | 1.04x | $184.06 Million |
| CNFinance Holdings Ltd (CNF) | $6.11 Billion | 1.07% | 1.36x | $38.54 Million |
| Mr. Cooper Group Inc (COOP) | $882.60 Million | 10.81% | 9.17x | $13.29 Billion |
| Dominion Resources Black Warrior Trust (DOMR) | $11.00 Million | 38.58% | 0.01x | $0.99 |
| DVL Inc (DVLN) | $7.57 Million | 6.67% | 5.00x | $18.05 Million |
| ECN Capital Corp. (ECNNF) | $879.03 Million | -1.68% | 0.96x | $1.32 Billion |