MCAN Mortgage Corporation
MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the Canadian mortgage activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of securities, loans, real estate investments and private investment activities. It also provides term deposits through… Read more
MCAN Mortgage Corporation (MAMTF) - Net Assets
Latest net assets as of September 2025: $636.41 Million USD
Based on the latest financial reports, MCAN Mortgage Corporation (MAMTF) has net assets worth $636.41 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 ($5.91 Billion) and total liabilities ($5.27 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 | $636.41 Million |
| % of Total Assets | 10.77% |
| Annual Growth Rate | 10.55% |
| 5-Year Change | 72.92% |
| 10-Year Change | 131.52% |
| Growth Volatility | 10.22 |
MCAN Mortgage Corporation - Net Assets Trend (1996–2024)
This chart illustrates how MCAN Mortgage 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 MCAN Mortgage Corporation (1996–2024)
The table below shows the annual net assets of MCAN Mortgage Corporation from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $599.19 Million | +12.66% |
| 2023-12-31 | $531.84 Million | +8.69% |
| 2022-12-31 | $489.31 Million | +12.94% |
| 2021-12-31 | $433.26 Million | +25.03% |
| 2020-12-31 | $346.51 Million | +4.90% |
| 2019-12-31 | $330.31 Million | +7.70% |
| 2018-12-31 | $306.69 Million | +3.27% |
| 2017-12-31 | $296.98 Million | +5.39% |
| 2016-12-31 | $281.78 Million | +8.88% |
| 2015-12-31 | $258.80 Million | +14.87% |
| 2014-12-31 | $225.30 Million | +4.84% |
| 2013-12-31 | $214.90 Million | +18.14% |
| 2012-12-31 | $181.91 Million | +14.79% |
| 2011-12-31 | $158.47 Million | +26.69% |
| 2010-12-31 | $125.08 Million | +1.79% |
| 2009-12-31 | $122.88 Million | +5.38% |
| 2008-12-31 | $116.61 Million | +13.20% |
| 2007-12-31 | $103.01 Million | +21.74% |
| 2006-12-31 | $84.61 Million | -2.95% |
| 2005-12-31 | $87.19 Million | +5.01% |
| 2004-12-31 | $83.03 Million | -0.87% |
| 2003-12-31 | $83.76 Million | +43.47% |
| 2002-12-31 | $58.38 Million | +21.25% |
| 2001-12-31 | $48.15 Million | +12.12% |
| 2000-12-31 | $42.95 Million | +19.29% |
| 1999-12-31 | $36.00 Million | -0.28% |
| 1998-12-31 | $36.10 Million | 0.00% |
| 1997-12-31 | $36.10 Million | 0.00% |
| 1996-12-31 | $36.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MCAN Mortgage 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 143520.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $143.62 Million | 23.97% |
| Common Stock | $456.68 Million | 76.22% |
| Other Comprehensive Income | $-1.62 Million | -0.27% |
| Other Components | $510.00K | 0.09% |
| Total Equity | $599.19 Million | 100.00% |
MCAN Mortgage Corporation Competitors by Market Cap
The table below lists competitors of MCAN Mortgage Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zur Rose Group AG
PINK:ZRSEF
|
$497.46 Million |
|
Shandong Publishing & Media
SHG:601019
|
$497.48 Million |
|
Aavas Financiers Limited
NSE:AAVAS
|
$497.55 Million |
|
Lake Materials Co. Ltd.
KQ:281740
|
$497.60 Million |
|
Rio2 Ltd
V:RIO
|
$497.07 Million |
|
China Resources Cement Holdings Limited
PINK:CJRCF
|
$496.98 Million |
|
YOUNG CO.S BREW.A LS-125
F:YBY
|
$496.95 Million |
|
Fujian Green Pine Co Ltd
SHE:300132
|
$496.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MCAN Mortgage Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 531,844,000 to 599,189,000, a change of 67,345,000 (12.7%).
- Net income of 77,586,000 contributed positively to equity growth.
- Dividend payments of 42,281,000 reduced retained earnings.
- New share issuances of 34,109,000 increased equity.
- Other comprehensive income decreased equity by 1,722,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $77.59 Million | +12.95% |
| Dividends Paid | $42.28 Million | -7.06% |
| Share Issuances | $34.11 Million | +5.69% |
| Other Comprehensive Income | $-1.72 Million | -0.29% |
| Other Changes | $-347.00K | -0.06% |
| Total Change | $- | 12.66% |
Book Value vs Market Value Analysis
This analysis compares MCAN Mortgage 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: 0.81x
- 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 1.42x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $9.00 | $12.80 | x |
| 1997-12-31 | $8.98 | $12.80 | x |
| 1998-12-31 | $9.00 | $12.80 | x |
| 1999-12-31 | $8.98 | $12.80 | x |
| 2000-12-31 | $5.34 | $12.80 | x |
| 2001-12-31 | $5.80 | $12.80 | x |
| 2002-12-31 | $5.65 | $12.80 | x |
| 2003-12-31 | $5.88 | $12.80 | x |
| 2004-12-31 | $6.79 | $12.80 | x |
| 2005-12-31 | $6.55 | $12.80 | x |
| 2006-12-31 | $6.56 | $12.80 | x |
| 2007-12-31 | $7.44 | $12.80 | x |
| 2008-12-31 | $7.90 | $12.80 | x |
| 2009-12-31 | $8.27 | $12.80 | x |
| 2010-12-31 | $8.36 | $12.80 | x |
| 2011-12-31 | $9.58 | $12.80 | x |
| 2012-12-31 | $10.10 | $12.80 | x |
| 2013-12-31 | $10.71 | $12.80 | x |
| 2014-12-31 | $10.66 | $12.80 | x |
| 2015-12-31 | $11.58 | $12.80 | x |
| 2016-12-31 | $11.98 | $12.80 | x |
| 2017-12-31 | $12.46 | $12.80 | x |
| 2018-12-31 | $12.68 | $12.80 | x |
| 2019-12-31 | $13.40 | $12.80 | x |
| 2020-12-31 | $13.80 | $12.80 | x |
| 2021-12-31 | $16.02 | $12.80 | x |
| 2022-12-31 | $15.65 | $12.80 | x |
| 2023-12-31 | $15.25 | $12.80 | x |
| 2024-12-31 | $15.78 | $12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MCAN Mortgage 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): 12.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.01%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.92x
- Recent ROE (12.95%) is below the historical average (13.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 7.48% | 18.37% | 0.08x | 5.09x | $-910.00K |
| 1997 | 8.03% | 21.32% | 0.07x | 5.38x | $-710.00K |
| 1998 | 7.48% | 18.37% | 0.07x | 5.57x | $-910.00K |
| 1999 | 7.50% | 18.37% | 0.07x | 5.88x | $-900.00K |
| 2000 | 14.46% | 31.58% | 0.08x | 5.74x | $1.92 Million |
| 2001 | 14.11% | 26.80% | 0.11x | 4.60x | $1.98 Million |
| 2002 | 9.30% | 21.30% | 0.08x | 5.59x | $-408.30K |
| 2003 | 13.36% | 19.72% | 0.11x | 5.98x | $2.07 Million |
| 2004 | 15.48% | 33.57% | 0.08x | 6.06x | $4.10 Million |
| 2005 | 17.39% | 43.05% | 0.08x | 5.35x | $6.00 Million |
| 2006 | 17.98% | 40.46% | 0.08x | 5.89x | $6.75 Million |
| 2007 | 14.41% | 35.22% | 0.08x | 5.41x | $4.54 Million |
| 2008 | 26.03% | 49.57% | 0.11x | 4.89x | $18.69 Million |
| 2009 | 20.14% | 50.94% | 0.10x | 4.12x | $12.45 Million |
| 2010 | 21.31% | 34.17% | 0.02x | 29.47x | $14.15 Million |
| 2011 | 17.10% | 34.36% | 0.02x | 24.57x | $11.26 Million |
| 2012 | 11.82% | 77.34% | 0.01x | 16.42x | $3.30 Million |
| 2013 | 14.33% | 74.24% | 0.02x | 9.74x | $9.31 Million |
| 2014 | 11.29% | 65.49% | 0.02x | 8.01x | $2.92 Million |
| 2015 | 12.70% | 69.10% | 0.02x | 8.68x | $6.98 Million |
| 2016 | 14.26% | 70.16% | 0.03x | 8.09x | $12.00 Million |
| 2017 | 13.44% | 67.92% | 0.03x | 7.46x | $10.23 Million |
| 2018 | 11.83% | 65.63% | 0.03x | 6.98x | $5.62 Million |
| 2019 | 14.62% | 40.19% | 0.06x | 6.60x | $15.26 Million |
| 2020 | 12.38% | 64.58% | 0.02x | 7.87x | $8.24 Million |
| 2021 | 14.86% | 66.70% | 0.03x | 8.79x | $21.04 Million |
| 2022 | 11.31% | 62.59% | 0.02x | 8.34x | $6.42 Million |
| 2023 | 14.57% | 31.52% | 0.05x | 8.91x | $24.31 Million |
| 2024 | 12.95% | 26.01% | 0.06x | 8.92x | $17.67 Million |
Industry Comparison
This section compares MCAN Mortgage 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 |
|---|---|---|---|---|
| MCAN Mortgage Corporation (MAMTF) | $636.41 Million | 7.48% | 8.29x | $497.40 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 |