First National Financial Corporation
First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages. It provides underwriting and fulfillment processing services through mortgage broker distr… Read more
First National Financial Corporation (FNLIF) - Net Assets
Latest net assets as of June 2025: $746.54 Million USD
Based on the latest financial reports, First National Financial Corporation (FNLIF) has net assets worth $746.54 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($54.40 Billion) and total liabilities ($53.65 Billion). 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 | $746.54 Million |
| % of Total Assets | 1.37% |
| Annual Growth Rate | 11.18% |
| 5-Year Change | 29.33% |
| 10-Year Change | 61.35% |
| Growth Volatility | 45.04 |
First National Financial Corporation - Net Assets Trend (2006–2024)
This chart illustrates how First National Financial 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 First National Financial Corporation (2006–2024)
The table below shows the annual net assets of First National Financial Corporation from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $738.21 Million | +0.06% |
| 2023-12-31 | $737.76 Million | +5.55% |
| 2022-12-31 | $698.98 Million | +21.05% |
| 2021-12-31 | $577.41 Million | +1.16% |
| 2020-12-31 | $570.80 Million | +1.63% |
| 2019-12-31 | $561.66 Million | +5.53% |
| 2018-12-31 | $532.24 Million | -2.03% |
| 2017-12-31 | $543.27 Million | -1.28% |
| 2016-12-31 | $550.30 Million | +20.28% |
| 2015-12-31 | $457.53 Million | +1.38% |
| 2014-12-31 | $451.28 Million | +0.30% |
| 2013-12-31 | $449.91 Million | +23.13% |
| 2012-12-31 | $365.40 Million | +24.69% |
| 2011-12-31 | $293.04 Million | +197.05% |
| 2010-12-31 | $98.65 Million | -4.49% |
| 2009-12-31 | $103.29 Million | +3.27% |
| 2008-12-31 | $100.02 Million | +6.39% |
| 2007-12-31 | $94.02 Million | -14.12% |
| 2006-12-31 | $109.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First National Financial 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 grown by 49988800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $499.89 Million | 67.72% |
| Common Stock | $122.67 Million | 16.62% |
| Other Comprehensive Income | $18.26 Million | 2.47% |
| Other Components | $97.39 Million | 13.19% |
| Total Equity | $738.21 Million | 100.00% |
First National Financial Corporation Competitors by Market Cap
The table below lists competitors of First National Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Array Digital Infrastructure, Inc.
NYSE:AD
|
$745.85 Million |
|
Southern Sun Ltd.
JSE:SSU
|
$745.85 Million |
|
Zhejiang HangKe Technology Co Ltd
SHG:688006
|
$746.42 Million |
|
C&S Paper Co Ltd
SHE:002511
|
$746.47 Million |
|
CapitaLand China Trust
PINK:CLDHF
|
$745.61 Million |
|
Bellevue Gold Limited
PINK:BELGF
|
$745.48 Million |
|
Zhejiang Wanliyang Transmission Co Ltd
SHE:002434
|
$745.30 Million |
|
Mimasu Semiconductor Industry Co. Ltd
MU:MU2
|
$745.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First National Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 737,763,000 to 738,211,000, a change of 448,000 (0.1%).
- Net income of 203,390,000 contributed positively to equity growth.
- Dividend payments of 181,117,000 reduced retained earnings.
- Other comprehensive income decreased equity by 21,641,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $203.39 Million | +27.55% |
| Dividends Paid | $181.12 Million | -24.53% |
| Other Comprehensive Income | $-21.64 Million | -2.93% |
| Other Changes | $-184.00K | -0.02% |
| Total Change | $- | 0.06% |
Book Value vs Market Value Analysis
This analysis compares First National Financial 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: 2.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.89x to 2.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $9.40 | $27.18 | x |
| 2007-12-31 | $7.97 | $27.18 | x |
| 2008-12-31 | $8.13 | $27.18 | x |
| 2009-12-31 | $8.15 | $27.18 | x |
| 2010-12-31 | $1.65 | $27.18 | x |
| 2011-12-31 | $4.87 | $27.18 | x |
| 2012-12-31 | $5.38 | $27.18 | x |
| 2013-12-31 | $6.75 | $27.18 | x |
| 2014-12-31 | $6.88 | $27.18 | x |
| 2015-12-31 | $7.08 | $27.18 | x |
| 2016-12-31 | $8.71 | $27.18 | x |
| 2017-12-31 | $9.06 | $27.18 | x |
| 2018-12-31 | $8.88 | $27.18 | x |
| 2019-12-31 | $9.37 | $27.18 | x |
| 2020-12-31 | $9.52 | $27.18 | x |
| 2021-12-31 | $9.63 | $27.18 | x |
| 2022-12-31 | $11.66 | $27.18 | x |
| 2023-12-31 | $12.30 | $27.18 | x |
| 2024-12-31 | $12.31 | $27.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First National Financial 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): 27.55%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.59%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 69.30x
- Recent ROE (27.55%) is above the historical average (26.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 3.56% | 99.67% | 0.04x | 1.01x | $-7.04 Million |
| 2007 | -1.25% | -17.98% | 0.06x | 1.10x | $-10.58 Million |
| 2008 | 11.82% | 88.08% | 0.12x | 1.13x | $1.82 Million |
| 2009 | 20.96% | 86.26% | 0.21x | 1.15x | $11.32 Million |
| 2010 | 19.72% | 63.76% | 0.10x | 3.05x | $9.59 Million |
| 2011 | 24.06% | 38.68% | 0.02x | 40.69x | $41.19 Million |
| 2012 | 34.21% | 21.52% | 0.03x | 46.58x | $78.07 Million |
| 2013 | 41.95% | 24.52% | 0.03x | 50.84x | $129.26 Million |
| 2014 | 24.64% | 14.01% | 0.03x | 62.88x | $60.44 Million |
| 2015 | 25.22% | 13.25% | 0.03x | 65.75x | $64.64 Million |
| 2016 | 38.24% | 21.11% | 0.03x | 58.19x | $147.51 Million |
| 2017 | 38.30% | 20.90% | 0.03x | 60.33x | $153.75 Million |
| 2018 | 31.27% | 15.05% | 0.03x | 67.71x | $113.20 Million |
| 2019 | 31.55% | 14.48% | 0.03x | 67.10x | $121.05 Million |
| 2020 | 33.33% | 15.58% | 0.03x | 69.18x | $133.15 Million |
| 2021 | 33.70% | 16.31% | 0.03x | 73.21x | $136.82 Million |
| 2022 | 28.29% | 14.11% | 0.03x | 62.61x | $127.83 Million |
| 2023 | 34.27% | 13.41% | 0.04x | 62.29x | $179.03 Million |
| 2024 | 27.55% | 9.59% | 0.04x | 69.30x | $129.57 Million |
Industry Comparison
This section compares First National Financial 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 |
|---|---|---|---|---|
| First National Financial Corporation (FNLIF) | $746.54 Million | 3.56% | 71.87x | $745.82 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 |