Firm Capital Mortgage Invest Corp (FC) - Net Assets
Based on the latest financial reports, Firm Capital Mortgage Invest Corp (FC) has net assets worth CA$425.16 Million CAD (≈ $307.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$558.74 Million ≈ $404.19 Million USD) and total liabilities (CA$133.58 Million ≈ $96.63 Million USD). 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. Check FC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$425.16 Million |
| % of Total Assets | 76.09% |
| Annual Growth Rate | 7.12% |
| 5-Year Change | 11.09% |
| 10-Year Change | 77.9% |
| Growth Volatility | 6.02 |
Firm Capital Mortgage Invest Corp - Net Assets Trend (2008–2025)
This chart illustrates how Firm Capital Mortgage Invest Corp's net assets have evolved over time, based on quarterly financial data. See FC defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Firm Capital Mortgage Invest Corp (2008–2025)
The table below shows the annual net assets of Firm Capital Mortgage Invest Corp from 2008 to 2025. For live valuation and market cap data, see how much is Firm Capital Mortgage Invest Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$425.12 Million ≈ $307.53 Million |
+0.41% |
| 2024-12-31 | CA$423.39 Million ≈ $306.27 Million |
+6.06% |
| 2023-12-31 | CA$399.19 Million ≈ $288.77 Million |
+0.04% |
| 2022-12-31 | CA$399.05 Million ≈ $288.66 Million |
+4.28% |
| 2021-12-31 | CA$382.67 Million ≈ $276.82 Million |
+11.45% |
| 2020-12-31 | CA$343.35 Million ≈ $248.37 Million |
+9.38% |
| 2019-12-31 | CA$313.90 Million ≈ $227.07 Million |
+9.71% |
| 2018-12-31 | CA$286.11 Million ≈ $206.97 Million |
+0.73% |
| 2017-12-31 | CA$284.04 Million ≈ $205.47 Million |
+18.86% |
| 2016-12-31 | CA$238.97 Million ≈ $172.87 Million |
+13.00% |
| 2015-12-31 | CA$211.48 Million ≈ $152.98 Million |
+1.10% |
| 2014-12-31 | CA$209.19 Million ≈ $151.32 Million |
+12.68% |
| 2013-12-31 | CA$185.65 Million ≈ $134.29 Million |
+5.25% |
| 2012-12-31 | CA$176.38 Million ≈ $127.59 Million |
+19.13% |
| 2011-12-31 | CA$148.06 Million ≈ $107.10 Million |
+7.45% |
| 2010-12-31 | CA$137.80 Million ≈ $99.68 Million |
+3.82% |
| 2009-12-31 | CA$132.73 Million ≈ $96.01 Million |
+0.54% |
| 2008-12-31 | CA$132.02 Million ≈ $95.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Firm Capital Mortgage Invest Corp'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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$413.11 Million | 97.17% |
| Other Comprehensive Income | CA$10.56 Million | 2.48% |
| Other Components | CA$3.18 Million | 0.75% |
| Total Equity | CA$425.12 Million | 100.00% |
Firm Capital Mortgage Invest Corp Competitors by Market Cap
The table below lists competitors of Firm Capital Mortgage Invest Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bukwang Pharm
KO:003000
|
$319.27 Million |
|
Peijia Medical Limited
F:4WO
|
$319.35 Million |
|
Nantong Acetic Acid Chemical Co Ltd
SHG:603968
|
$319.57 Million |
|
Jiangxi Haiyuan Composites Technology Co Ltd
SHE:002529
|
$319.59 Million |
|
Egis Technology
TWO:6462
|
$319.11 Million |
|
Sun Tekstil Sanayi ve Ticaret A.S.
IS:SUNTK
|
$319.11 Million |
|
Nbond Nonwovens
SHG:603238
|
$318.97 Million |
|
TECHPOINT INC. JDR/1
F:R46
|
$318.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Firm Capital Mortgage Invest Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 423,386,867 to 425,120,312, a change of 1,733,445 (0.4%).
- Net income of 37,471,563 contributed positively to equity growth.
- Dividend payments of 36,442,348 reduced retained earnings.
- Share repurchases of 34,010 reduced equity.
- New share issuances of 34,006 increased equity.
- Other comprehensive income increased equity by 10,560,593.
- Other factors decreased equity by 9,856,359.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$37.47 Million | +8.81% |
| Dividends Paid | CA$36.44 Million | -8.57% |
| Share Repurchases | CA$34.01K | -0.01% |
| Share Issuances | CA$34.01K | +0.01% |
| Other Comprehensive Income | CA$10.56 Million | +2.48% |
| Other Changes | CA$-9.86 Million | -2.32% |
| Total Change | CA$- | 0.41% |
Book Value vs Market Value Analysis
This analysis compares Firm Capital Mortgage Invest Corp'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: 1.10x
- 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 1.39x to 1.10x 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 | CA$8.62 | CA$12.01 | x |
| 2009-12-31 | CA$8.31 | CA$12.01 | x |
| 2010-12-31 | CA$8.28 | CA$12.01 | x |
| 2011-12-31 | CA$7.75 | CA$12.01 | x |
| 2012-12-31 | CA$7.78 | CA$12.01 | x |
| 2013-12-31 | CA$8.41 | CA$12.01 | x |
| 2014-12-31 | CA$8.55 | CA$12.01 | x |
| 2015-12-31 | CA$8.11 | CA$12.01 | x |
| 2016-12-31 | CA$8.00 | CA$12.01 | x |
| 2017-12-31 | CA$8.19 | CA$12.01 | x |
| 2018-12-31 | CA$7.83 | CA$12.01 | x |
| 2019-12-31 | CA$8.04 | CA$12.01 | x |
| 2020-12-31 | CA$11.26 | CA$12.01 | x |
| 2021-12-31 | CA$9.46 | CA$12.01 | x |
| 2022-12-31 | CA$9.76 | CA$12.01 | x |
| 2023-12-31 | CA$9.72 | CA$12.01 | x |
| 2024-12-31 | CA$10.61 | CA$12.01 | x |
| 2025-12-31 | CA$10.91 | CA$12.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Firm Capital Mortgage Invest Corp 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): 8.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.16%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.40x
- Recent ROE (8.81%) is below the historical average (8.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 11.14% | 66.24% | 0.10x | 1.71x | CA$1.50 Million |
| 2009 | 10.89% | 78.54% | 0.11x | 1.28x | CA$1.18 Million |
| 2010 | 5.94% | 47.51% | 0.08x | 1.49x | CA$-5.60 Million |
| 2011 | 9.90% | 64.97% | 0.08x | 1.85x | CA$-146.61K |
| 2012 | 9.50% | 61.33% | 0.09x | 1.68x | CA$-882.55K |
| 2013 | 9.48% | 61.84% | 0.08x | 1.83x | CA$-956.81K |
| 2014 | 9.33% | 63.57% | 0.09x | 1.65x | CA$-1.41 Million |
| 2015 | 9.50% | 59.05% | 0.08x | 1.93x | CA$-1.07 Million |
| 2016 | 8.87% | 58.79% | 0.08x | 1.90x | CA$-2.71 Million |
| 2017 | 8.74% | 56.57% | 0.08x | 1.98x | CA$-3.58 Million |
| 2018 | 9.00% | 54.43% | 0.09x | 1.82x | CA$-2.86 Million |
| 2019 | 8.92% | 80.76% | 0.07x | 1.53x | CA$-3.39 Million |
| 2020 | 7.68% | 78.34% | 0.06x | 1.62x | CA$-7.98 Million |
| 2021 | 7.84% | 87.65% | 0.05x | 1.68x | CA$-8.28 Million |
| 2022 | 8.08% | 74.70% | 0.07x | 1.64x | CA$-7.67 Million |
| 2023 | 8.56% | 51.59% | 0.11x | 1.48x | CA$-5.75 Million |
| 2024 | 8.32% | 51.33% | 0.11x | 1.49x | CA$-7.11 Million |
| 2025 | 8.81% | 56.16% | 0.11x | 1.40x | CA$-5.04 Million |
Industry Comparison
This section compares Firm Capital Mortgage Invest Corp's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $317,999,909
- Average return on equity (ROE) among peers: 9.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firm Capital Mortgage Invest Corp (FC) | CA$425.16 Million | 11.14% | 0.31x | $319.18 Million |
| Atrium Mortgage Investment Corp (AI) | $274.98 Million | 8.49% | 0.63x | $411.23 Million |
| Builders Capital Mortgage Corp (BCF) | $26.89 Million | 8.67% | 0.14x | $15.93 Million |
| ECN Capital Corp (ECN) | $822.56 Million | -1.65% | 1.07x | $631.79 Million |
| First National Financial Corp (FN) | $451.28 Million | 22.54% | 56.51x | $2.08 Billion |
| MCAN Mortgage Corporation (MKP) | $281.78 Million | 14.26% | 7.09x | $722.52 Million |
| Timbercreek Financial Corp (TF) | $50.51 Million | 2.96% | 0.02x | $395.69 Million |
About Firm Capital Mortgage Invest Corp
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential home and commercial short-term bridge and conventional real estate financing services in Canada and the United States. The company's products include construction financing, mezzanine debt, and equity investments. It also invests in short-term residential and commercial real e… Read more