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$426.42 Million CAD (≈ $308.46 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 (CA$598.73 Million ≈ $433.11 Million USD) and total liabilities (CA$172.31 Million ≈ $124.65 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 financial resilience of Firm Capital Mortgage Invest Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$426.42 Million |
| % of Total Assets | 71.22% |
| Annual Growth Rate | 7.56% |
| 5-Year Change | 23.31% |
| 10-Year Change | 100.2% |
| Growth Volatility | 5.95 |
Firm Capital Mortgage Invest Corp - Net Assets Trend (2008–2024)
This chart illustrates how Firm Capital Mortgage Invest Corp's net assets have evolved over time, based on quarterly financial data. Also explore Firm Capital Mortgage Invest Corp (FC) total assets for the complete picture of this company's asset base.
Annual Net Assets for Firm Capital Mortgage Invest Corp (2008–2024)
The table below shows the annual net assets of Firm Capital Mortgage Invest Corp from 2008 to 2024. For live valuation and market cap data, see how much is Firm Capital Mortgage Invest Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$413.06 Million | 97.56% |
| Other Components | CA$12.06 Million | 2.85% |
| Total Equity | CA$423.39 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 |
|---|---|
|
Cipher Pharmaceuticals Inc
TO:CPH
|
$326.62 Million |
|
Anhui Fuhuang Steel Structure Co Ltd
SHE:002743
|
$326.75 Million |
|
BIDV Securities JSC
VN:BSI
|
$326.75 Million |
|
Asia Cuanon Tech (Shanghai)
SHG:603378
|
$326.76 Million |
|
Rashi Peripherals Limited
NSE:RPTECH
|
$326.59 Million |
|
Ve Wong Corp
TW:1203
|
$326.52 Million |
|
BayCom Corp
NASDAQ:BCML
|
$326.52 Million |
|
Hunan Baili Engineering Sci
SHG:603959
|
$326.45 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 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.
- Share repurchases of 25,369,430 reduced equity.
- New share issuances of 25,369,427 increased equity.
- Other comprehensive income decreased equity by 9,329,488.
- Other factors increased equity by 33,143,440.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$35.23 Million | +8.32% |
| Dividends Paid | CA$34.85 Million | -8.23% |
| Share Repurchases | CA$25.37 Million | -5.99% |
| Share Issuances | CA$25.37 Million | +5.99% |
| Other Comprehensive Income | CA$-9.33 Million | -2.2% |
| Other Changes | CA$33.14 Million | +7.83% |
| Total Change | CA$- | 6.06% |
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: 1.16x
- 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 1.43x to 1.16x 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$12.29 | x |
| 2009-12-31 | CA$8.31 | CA$12.29 | x |
| 2010-12-31 | CA$8.28 | CA$12.29 | x |
| 2011-12-31 | CA$7.75 | CA$12.29 | x |
| 2012-12-31 | CA$7.78 | CA$12.29 | x |
| 2013-12-31 | CA$8.41 | CA$12.29 | x |
| 2014-12-31 | CA$8.55 | CA$12.29 | x |
| 2015-12-31 | CA$8.11 | CA$12.29 | x |
| 2016-12-31 | CA$8.00 | CA$12.29 | x |
| 2017-12-31 | CA$8.19 | CA$12.29 | x |
| 2018-12-31 | CA$7.83 | CA$12.29 | x |
| 2019-12-31 | CA$8.04 | CA$12.29 | x |
| 2020-12-31 | CA$11.26 | CA$12.29 | x |
| 2021-12-31 | CA$9.46 | CA$12.29 | x |
| 2022-12-31 | CA$9.76 | CA$12.29 | x |
| 2023-12-31 | CA$9.72 | CA$12.29 | x |
| 2024-12-31 | CA$10.61 | CA$12.29 | 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): 8.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.33%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.49x
- Recent ROE (8.32%) 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 |
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: $472,163,296
- Average return on equity (ROE) among peers: 10.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Firm Capital Mortgage Invest Corp (FC) | CA$426.42 Million | 11.14% | 0.40x | $326.61 Million |
| Atrium Mortgage Investment Corp (AI) | $387.31 Million | 8.72% | 0.81x | $419.88 Million |
| Builders Capital Mortgage Corp (BCF) | $26.89 Million | 8.67% | 0.14x | $15.68 Million |
| ECN Capital Corp (ECN) | $879.03 Million | -1.68% | 0.96x | $631.79 Million |
| First National Financial Corp (FN) | $365.40 Million | 30.19% | 40.11x | $2.08 Billion |
| MCAN Mortgage Corporation (MKP) | $489.31 Million | 11.31% | 7.34x | $753.03 Million |
| Timbercreek Financial Corp (TF) | $685.05 Million | 4.67% | 1.50x | $406.47 Million |
About Firm Capital Mortgage Invest Corp
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