MCAN Mortgage Corporation (MKP) - Net Assets

Latest as of December 2025: CA$644.85 Million CAD ≈ $466.47 Million USD

Based on the latest financial reports, MCAN Mortgage Corporation (MKP) has net assets worth CA$644.85 Million CAD (≈ $466.47 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.48 Billion ≈ $4.69 Billion USD) and total liabilities (CA$5.83 Billion ≈ $4.22 Billion 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 MCAN Mortgage Corporation to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$644.85 Million
% of Total Assets	9.96%
Annual Growth Rate	10.45%
5-Year Change	48.84%
10-Year Change	128.85%
Growth Volatility	7.26

MCAN Mortgage Corporation - Net Assets Trend (1996–2025)

This chart illustrates how MCAN Mortgage Corporation's net assets have evolved over time, based on quarterly financial data. Also explore MCAN Mortgage Corporation total assets for the complete picture of this company's asset base.

Annual Net Assets for MCAN Mortgage Corporation (1996–2025)

The table below shows the annual net assets of MCAN Mortgage Corporation from 1996 to 2025. For live valuation and market cap data, see MKP company net worth.

Year	Net Assets	Change
2025-12-31	CA$644.85 Million ≈ $466.47 Million	+7.62%
2024-12-31	CA$599.19 Million ≈ $433.44 Million	+12.66%
2023-12-31	CA$531.84 Million ≈ $384.73 Million	+8.69%
2022-12-31	CA$489.31 Million ≈ $353.96 Million	+12.94%
2021-12-31	CA$433.26 Million ≈ $313.41 Million	+25.03%
2020-12-31	CA$346.51 Million ≈ $250.66 Million	+4.90%
2019-12-31	CA$330.31 Million ≈ $238.94 Million	+7.70%
2018-12-31	CA$306.69 Million ≈ $221.86 Million	+3.27%
2017-12-31	CA$296.98 Million ≈ $214.83 Million	+5.39%
2016-12-31	CA$281.78 Million ≈ $203.83 Million	+8.88%
2015-12-31	CA$258.80 Million ≈ $187.21 Million	+14.87%
2014-12-31	CA$225.30 Million ≈ $162.98 Million	+4.84%
2013-12-31	CA$214.90 Million ≈ $155.46 Million	+18.14%
2012-12-31	CA$181.91 Million ≈ $131.59 Million	+14.79%
2011-12-31	CA$158.47 Million ≈ $114.63 Million	+22.49%
2010-12-31	CA$129.37 Million ≈ $93.58 Million	+5.28%
2009-12-31	CA$122.88 Million ≈ $88.89 Million	+5.38%
2008-12-31	CA$116.61 Million ≈ $84.35 Million	+13.20%
2007-12-31	CA$103.01 Million ≈ $74.51 Million	+21.74%
2006-12-31	CA$84.61 Million ≈ $61.21 Million	+4.25%
2005-12-31	CA$81.16 Million ≈ $58.71 Million	+8.27%
2004-12-31	CA$74.97 Million ≈ $54.23 Million	+21.42%
2003-12-31	CA$61.74 Million ≈ $44.66 Million	+5.75%
2002-12-31	CA$58.38 Million ≈ $42.23 Million	+21.25%
2001-12-31	CA$48.15 Million ≈ $34.83 Million	+12.12%
2000-12-31	CA$42.95 Million ≈ $31.07 Million	+19.29%
1999-12-31	CA$36.00 Million ≈ $26.04 Million	-0.28%
1998-12-31	CA$36.10 Million ≈ $26.11 Million	0.00%
1997-12-31	CA$36.10 Million ≈ $26.11 Million	0.00%
1996-12-31	CA$36.10 Million ≈ $26.11 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 153342.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CA$153.44 Million	23.80%
Common Stock	CA$491.01 Million	76.14%
Other Comprehensive Income	CA$-119.00K	-0.02%
Other Components	CA$510.00K	0.08%
Total Equity	CA$644.85 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
Shakti Pumps (India) Limited NSE:SHAKTIPUMP	$753.06 Million
Zhejiang Noblelift Equip SHG:603611	$753.15 Million
Beijing Thunisoft Co Ltd SHE:300271	$753.20 Million
USIMINAS PFD ADR/10000 F:U1S0	$753.29 Million
Shanghai Xuerong Bio-Technology Co Ltd SHE:300511	$753.02 Million
Zhejiang Chimin Pharm Co Ltd SHG:603222	$753.01 Million
KBC Corporation Ltd SHG:688598	$752.98 Million
Sobute New Materials Co Ltd SHG:603916	$752.93 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 2024 to 2025, total equity changed from 599,189,000 to 644,848,000, a change of 45,659,000 (7.6%).
Net income of 74,871,000 contributed positively to equity growth.
Dividend payments of 54,132,000 reduced retained earnings.
New share issuances of 22,386,000 increased equity.
Other comprehensive income decreased equity by 119,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$74.87 Million	+11.61%
Dividends Paid	CA$54.13 Million	-8.39%
Share Issuances	CA$22.39 Million	+3.47%
Other Comprehensive Income	CA$-119.00K	-0.02%
Other Changes	CA$2.65 Million	+0.41%
Total Change	CA$-	7.62%

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: 1.57x
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 2.85x to 1.57x 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	CA$9.00	CA$25.65	x
1997-12-31	CA$8.98	CA$25.65	x
1998-12-31	CA$9.00	CA$25.65	x
1999-12-31	CA$8.98	CA$25.65	x
2000-12-31	CA$5.34	CA$25.65	x
2001-12-31	CA$5.80	CA$25.65	x
2002-12-31	CA$5.65	CA$25.65	x
2003-12-31	CA$5.88	CA$25.65	x
2004-12-31	CA$6.79	CA$25.65	x
2005-12-31	CA$6.55	CA$25.65	x
2006-12-31	CA$6.56	CA$25.65	x
2007-12-31	CA$7.44	CA$25.65	x
2008-12-31	CA$7.90	CA$25.65	x
2009-12-31	CA$8.27	CA$25.65	x
2010-12-31	CA$8.65	CA$25.65	x
2011-12-31	CA$9.58	CA$25.65	x
2012-12-31	CA$10.10	CA$25.65	x
2013-12-31	CA$10.71	CA$25.65	x
2014-12-31	CA$10.66	CA$25.65	x
2015-12-31	CA$11.58	CA$25.65	x
2016-12-31	CA$11.98	CA$25.65	x
2017-12-31	CA$12.46	CA$25.65	x
2018-12-31	CA$12.68	CA$25.65	x
2019-12-31	CA$13.40	CA$25.65	x
2020-12-31	CA$13.99	CA$25.65	x
2021-12-31	CA$16.19	CA$25.65	x
2022-12-31	CA$18.10	CA$25.65	x
2023-12-31	CA$15.25	CA$25.65	x
2024-12-31	CA$15.92	CA$25.65	x
2025-12-31	CA$16.30	CA$25.65	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): 11.61%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 25.36%
• Asset Turnover: 0.05x
• Equity Multiplier: 10.04x
Recent ROE (11.61%) is below the historical average (13.75%), 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	CA$-910.00K
1997	8.03%	21.32%	0.07x	5.38x	CA$-710.00K
1998	7.48%	18.37%	0.07x	5.57x	CA$-910.00K
1999	7.50%	18.37%	0.07x	5.88x	CA$-900.00K
2000	14.46%	17.81%	0.14x	5.74x	CA$1.92 Million
2001	14.11%	17.71%	0.17x	4.60x	CA$1.98 Million
2002	9.30%	14.05%	0.12x	5.59x	CA$-408.30K
2003	13.36%	27.82%	0.08x	5.98x	CA$2.07 Million
2004	15.48%	33.57%	0.08x	6.06x	CA$4.10 Million
2005	17.39%	43.05%	0.08x	5.35x	CA$6.00 Million
2006	17.98%	40.46%	0.08x	5.89x	CA$6.75 Million
2007	14.41%	35.22%	0.08x	5.41x	CA$4.54 Million
2008	26.03%	49.57%	0.11x	4.89x	CA$18.69 Million
2009	20.14%	50.94%	0.10x	4.12x	CA$12.45 Million
2010	20.61%	34.17%	0.13x	4.47x	CA$13.72 Million
2011	17.10%	34.36%	0.02x	24.57x	CA$11.26 Million
2012	11.82%	77.34%	0.01x	16.42x	CA$3.30 Million
2013	14.05%	72.79%	0.02x	9.74x	CA$8.71 Million
2014	11.29%	65.49%	0.02x	8.01x	CA$2.92 Million
2015	12.70%	69.10%	0.02x	8.68x	CA$6.98 Million
2016	14.26%	70.16%	0.03x	8.09x	CA$12.00 Million
2017	13.44%	67.92%	0.03x	7.46x	CA$10.23 Million
2018	11.83%	65.63%	0.03x	6.98x	CA$5.62 Million
2019	14.62%	40.19%	0.06x	6.60x	CA$15.26 Million
2020	12.38%	64.58%	0.02x	7.87x	CA$8.24 Million
2021	14.86%	66.70%	0.03x	8.79x	CA$21.04 Million
2022	11.31%	62.59%	0.02x	8.34x	CA$6.42 Million
2023	14.57%	31.52%	0.05x	8.91x	CA$24.31 Million
2024	12.95%	26.01%	0.06x	8.92x	CA$17.67 Million
2025	11.61%	25.36%	0.05x	10.04x	CA$10.39 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: $425,476,483
Average return on equity (ROE) among peers: 9.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MCAN Mortgage Corporation (MKP)	CA$644.85 Million	7.48%	9.04x	$753.03 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
Firm Capital Mortgage Invest Corp (FC)	$209.19 Million	9.33%	0.65x	$326.61 Million
First National Financial Corp (FN)	$365.40 Million	30.19%	40.11x	$2.08 Billion
Timbercreek Financial Corp (TF)	$685.05 Million	4.67%	1.50x	$406.47 Million

About MCAN Mortgage Corporation

TO:MKP Canada Mortgage Finance

Market Cap

$753.03 Million

CA$1.04 Billion CAD

Market Cap Rank

#10462 Global

#296 in Canada

Share Price

CA$25.65

Change (1 day)

+0.90%

52-Week Range

CA$18.91 - CA$25.65

All Time High

CA$25.65