Firm Capital Mortgage Invest Corp (FC) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Firm Capital Mortgage Invest Corp stock C$12.47, price C$10.43, upside +19.6%, quality 73 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 31, 2026.
How to read this chart
60‑month range C$7.46 – C$12.10 · fair‑value band C$9.16 – C$16.57 · the C$10.43 price screens below the C$12.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 31, 2026.
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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.
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The company's products include construction financing, mezzanine debt, and equity investments. It also invests in short-term residential and commercial real estate mortgage loans and real estate-related debt investments.
The company was formerly known as Firm Capital Mortgage Investment Trust and changed its name to Firm Capital Mortgage Investment Corporation in 2011. Firm Capital Mortgage Investment Corporation was founded in 1988 and is based in Toronto, Canada.
Stock analysis
Firm Capital Mortgage Invest Corp (FC) currently trades at C$10.43, while our model-based Fair Value estimate is C$12.47, implying the stock looks roughly 16.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$14.45 per share, and 8 of the 11 models we run sit above the C$10.43 price.
Bear case: the Earnings-Based group reads lowest at C$7.46, and 3 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$9.16 (bear) to C$16.57 (bull), the price of C$10.43 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Firm Capital Mortgage Invest Corp reported revenue of C$66.7M in FY2025 versus C$34.2M in FY2021, a compound +18.2%/yr. Reported net income was C$37.5M in FY2025, compounding +5.7%/yr from FY2021.
Key figures
Market cap C$384M (≈ $275M) Micro · P/E ratio 11.0 · P/S ratio 9.40 · EPS (TTM) C$0.9500 · Dividend yield 9.0% · Net margin 85.8% · Return on equity 8.2% · Return on assets (EBIT) 8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −1% fair-value upside, at 20%, FC screens cheaper than that median.
Fair Value models
BearC$9.16Fair Value C$12.47BullC$16.57
Price C$10.43 · Upside +19.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.0117 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.7%
Start year 2020 (pandemic). Over 10 years: +7.0% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.4%
Dividend (yield on the price)9.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.4% vs 2.2%, picking up
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +1.4% a year for the price.
Compare Firm Capital Mortgage Invest Corp with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Mortgage Finance · 48 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+19.6% · Below median
Profitability
Return on equity (12 months)8.2% · Below median
Return on assets6.3% · Top 25%
Net margin (12 months)85.8% · Top 25%
Operating margin (12 months)85.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−13.4% · Bottom 25%
Dividend yield (12 months)9.0% · Top 25%
Balance sheet
Debt / equity0.32× · Below median
Valuation Multiplesvs Mortgage Finance median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Firm Capital Mortgage Invest Corp Fair Value". https://www.fairvalue-calculator.com/stock/FC.TO
Frequently asked questions
Is Firm Capital Mortgage Invest Corp (FC) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of C$12.47 versus a price of C$10.43, about +20% upside (undervalued).
What is the fair value of FC?
Our model-based fair value for Firm Capital Mortgage Invest Corp is C$12.47 (as of Oct 31, 2026), built from audited fundamentals. The current price: C$10.43.
What is the quality score of FC?
Firm Capital Mortgage Invest Corp has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Firm Capital Mortgage Invest Corp (FC)?
Our model-based price target is the fair value of C$12.47 (as of Oct 31, 2026) from 11 valuation models. Cautious scenario C$9.16, optimistic scenario C$16.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Firm Capital Mortgage Invest Corp stock forecast for 2026?
Our models put fair value at C$12.47, about +20% upside versus a price of C$10.43 (undervalued). Cautious scenario C$9.16, optimistic scenario C$16.57. The calculation is refreshed regularly with new filings.
What is the revenue of Firm Capital Mortgage Invest Corp (FC)?
Firm Capital Mortgage Invest Corp reported trailing-twelve-month revenue of about C$40.9M (latest available figure, as of Oct 31, 2026).
Does Firm Capital Mortgage Invest Corp pay a dividend?
Firm Capital Mortgage Invest Corp currently shows a dividend yield of 8.97% relative to its recent price (as of Oct 31, 2026).
What growth is priced into Firm Capital Mortgage Invest Corp (FC)?
For today's price to be fair in a discounted-cash-flow model, Firm Capital Mortgage Invest Corp would have to grow free cash flow by +3.6 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.7 % per year. As of Oct 31, 2026.
What discount rate (WACC) does the fair value of FC use?
Our models discount Firm Capital Mortgage Invest Corp at 11.9 %: a base by market capitalisation (micro), damped by beta 0.80, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Firm Capital Mortgage Invest Corp that is +3.6 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Firm Capital Mortgage Invest Corp (FC) delivered so far?
Over the past 5 years revenue at Firm Capital Mortgage Invest Corp grew +14.7 % a year. The price currently implies +3.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Firm Capital Mortgage Invest Corp (FC) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Firm Capital Mortgage Invest Corp (+3.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Firm Capital Mortgage Invest Corp (FC)?
The free-cash-flow yield on the price is 12.30 %: that much free cash flow Firm Capital Mortgage Invest Corp produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Firm Capital Mortgage Invest Corp (FC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Firm Capital Mortgage Invest Corp it is C$12.47 per share (as of Oct 31, 2026), against a price of C$10.43. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Firm Capital Mortgage Invest Corp stock overvalued or undervalued in 2026?
As of Oct 31, 2026, FC trades below its calculated fair value: price C$10.43, fair value C$12.47, a gap of about +20% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FC?
No. The price is what the market pays today (C$10.43); the fair value is what the company's own numbers justify (C$12.47). For Firm Capital Mortgage Invest Corp the two are C$2.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Firm Capital Mortgage Invest Corp worth?
The market values Firm Capital Mortgage Invest Corp at about C$384M (market capitalisation, as of Oct 31, 2026). Per share that is C$10.43; our models calculate a fair value of C$12.47 per share.
What do the bullish and bearish scenarios say about FC?
Our models span a range for Firm Capital Mortgage Invest Corp: cautious scenario C$9.16, base C$12.47, optimistic C$16.57 per share (as of Oct 31, 2026, price C$10.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FC?
Firm Capital Mortgage Invest Corp trades at a price-to-earnings ratio of 11.0 (as of Oct 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$12.47 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 10.3 (reported for FY2025: 11.2). Other multiples: P/B 0.9, P/S 9.4, EV/EBITDA 10.1.
How solid is the balance sheet of Firm Capital Mortgage Invest Corp (FC)?
Balance-sheet figures for Firm Capital Mortgage Invest Corp (as of Oct 31, 2026): return on equity 8.2%, debt of 0.32 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is FC from its 52-week high?
Firm Capital Mortgage Invest Corp trades at C$10.43, about 14% below its 52-week high of C$12.10 and at the low of C$10.43 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of C$12.47 is for.
Which stocks are comparable to Firm Capital Mortgage Invest Corp?
From the same area (Financial Services) we also value Rocket Companies, Inc, Bajaj Housing Finance Limited, PennyMac Financial Services, Inc, PNB Housing Finance Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Firm Capital Mortgage Invest Corp stock attractive at the current price?
The data as of Oct 31, 2026: price C$10.43, calculated fair value C$12.47 (+20%), Quality Score 73/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FC calculated?
We run Firm Capital Mortgage Invest Corp through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$12.47, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Firm Capital Mortgage Invest Corp currently trades 16 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Firm Capital Mortgage Invest Corp (FC)?
The closing price on Oct 30, 2026 was C$10.43. Our model-based fair value is C$12.47, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Firm Capital Mortgage Invest Corp right now?
A fairly wide model range (C$9.16 to C$16.57) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Firm Capital Mortgage Invest Corp (FC) come from?
Earnings per share at Firm Capital Mortgage Invest Corp grew +0.1 % a year from 2012 to 2023. Broken into its drivers: revenue per share −0.7 %, EBIT margin +3.5 %, tax rate +0.0 %, residual (interest, one-offs) −2.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Firm Capital Mortgage Invest Corp
How large is the market capitalisation of Firm Capital Mortgage Invest Corp (FC)?
The market capitalisation of Firm Capital Mortgage Invest Corp is C$384M (≈ $275M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Firm Capital Mortgage Invest Corp (FC)?
The price-to-sales ratio of Firm Capital Mortgage Invest Corp is 9.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Firm Capital Mortgage Invest Corp (FC)?
Earnings per share at Firm Capital Mortgage Invest Corp are C$0.9500 (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Firm Capital Mortgage Invest Corp (FC)?
The dividend yield of Firm Capital Mortgage Invest Corp is 9.0% (payout 90.2%, on adjusted earnings, reported 98.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Firm Capital Mortgage Invest Corp (FC)?
The net margin of Firm Capital Mortgage Invest Corp is 85.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Firm Capital Mortgage Invest Corp (FC)?
The return on equity (ROE) of Firm Capital Mortgage Invest Corp is 8.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Firm Capital Mortgage Invest Corp (FC)?
On an EBIT basis the return on assets of Firm Capital Mortgage Invest Corp is 8.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Firm Capital Mortgage Invest Corp (FC)?
The operating margin of Firm Capital Mortgage Invest Corp is 85.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Firm Capital Mortgage Invest Corp (FC)?
Revenue at Firm Capital Mortgage Invest Corp is growing −13.4% versus a year earlier (3y avg +15.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Firm Capital Mortgage Invest Corp (FC)?
Earnings per share at Firm Capital Mortgage Invest Corp are growing −10.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Firm Capital Mortgage Invest Corp (FC) carry?
The net debt of Firm Capital Mortgage Invest Corp is C$147M (fiscal year 2025, ≈ 3.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 31, 2026