MCAN Mortgage Corporation (MKP) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of MCAN Mortgage Corporation stock C$10.48, price C$21.58, that is 51.4% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range C$9.97 – C$25.97 · fair‑value band C$10.48 – C$41.92 · the C$21.58 price screens above the C$10.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.
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MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada.
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The company engages in real estate lending and investing, including residential mortgage and construction lending, non-residential construction and commercial lending, as well as portfolio of securities, loans, real estate investments and private investment activities.
It also provides term deposits through a network of independent financial agents, as well as through a direct-to-consumer channel. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006.
MCAN Mortgage Corporation was founded in 1991 and is headquartered in Toronto, Canada.
Stock analysis
MCAN Mortgage Corporation (MKP) currently trades at C$21.58, while our model-based Fair Value estimate is C$10.48, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of C$54.74 per share, and 4 of the 10 models we run sit above the C$21.58 price.
Bear case: the DCF Models group reads lowest at C$4.82, and 6 of the 10 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$10.48 (bear) to C$41.92 (bull), the price of C$21.58 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 52/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2022: revenue and profit before it include the divested business. Growth is measured afresh from 2022.
MCAN Mortgage Corporation reported revenue of C$295M in FY2025 versus C$96.5M in FY2021, a compound +32.3%/yr. Reported net income was C$74.9M in FY2025, compounding +3.9%/yr from FY2021.
Key figures
Market cap C$879M (≈ $617M) Small · P/E ratio 10.3 · P/S ratio 5.92 · EPS (TTM) C$2.09 · Dividend yield 7.6% · Net margin 56.5% · Return on equity 12.8% · Return on assets (EBIT) 2.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 9% above 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 −51%, MKP screens richer than that median.
Fair Value models
BearC$10.48Fair Value C$10.48BullC$41.92
Price C$21.58 · Downside -51.4%
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$0.3908 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.55/100
Spin-off in 2022: revenue and profit before it include the divested business. Growth is measured afresh from 2022.
Revenue growth 1 year
−1.0%
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.
+49.5%
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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.
+7.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.3%
Dividend (yield on the price)7.6%
Per share before 2022divided by the spin-off factor 1.052
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.0.3% vs 3.1%, steady
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.40% → 39%
Compare MCAN Mortgage Corporation with another stock
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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 · 55 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−51.4% · Bottom 25%
Profitability
Return on equity (12 months)12.8% · Above median
Return on assets1.2% · Below median
Net margin (12 months)56.5% · Top 25%
Operating margin (12 months)54.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−1.5% · Below median
Dividend yield (12 months)7.6% · Top 25%
Balance sheet
Debt / equity5.33× · Highest 25%
Valuation Multiplesvs Mortgage Finance median · lower = cheaper
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Is MCAN Mortgage Corporation (MKP) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of C$10.48 versus a price of C$21.58, about 51% lower (overvalued).
What is the fair value of MKP?
Our model-based fair value for MCAN Mortgage Corporation is C$10.48 (as of Nov 11, 2026), built from audited fundamentals. The current price: C$21.58.
What is the quality score of MKP?
MCAN Mortgage Corporation has a Quality Score of 52/100. 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 MCAN Mortgage Corporation (MKP)?
Our model-based price target is the fair value of C$10.48 (as of Nov 11, 2026) from 11 valuation models. Cautious scenario C$10.48, optimistic scenario C$41.92. It is a calculation from audited fundamentals, not an analyst target.
What is the MCAN Mortgage Corporation stock forecast for 2026?
Our models put fair value at C$10.48, about 51% lower versus a price of C$21.58 (overvalued). Cautious scenario C$10.48, optimistic scenario C$41.92. The calculation is refreshed regularly with new filings.
What is the revenue of MCAN Mortgage Corporation (MKP)?
MCAN Mortgage Corporation reported trailing-twelve-month revenue of about C$148M (latest available figure, as of Nov 11, 2026).
Does MCAN Mortgage Corporation pay a dividend?
MCAN Mortgage Corporation currently shows a dividend yield of 7.60% relative to its recent price (as of Nov 11, 2026).
How much is the dividend of MCAN Mortgage Corporation (MKP) and when is the ex-dividend date?
MCAN Mortgage Corporation pays a dividend of C$1.64 per share a year, a dividend yield of 7.6%. The next ex-dividend date is Dec 15, 2026. A dividend has been paid every year since at least 1992. The payout ratio is 78.5% of earnings. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What is the intrinsic value of MCAN Mortgage Corporation (MKP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MCAN Mortgage Corporation it is C$10.48 per share (as of Nov 11, 2026), against a price of C$21.58. It is the blended result of 11 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is MCAN Mortgage Corporation stock overvalued or undervalued in 2026?
As of Nov 11, 2026, MKP trades above its calculated fair value: price C$21.58, fair value C$10.48, a gap of about −51% (overvalued). 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 MKP?
No. The price is what the market pays today (C$21.58); the fair value is what the company's own numbers justify (C$10.48). For MCAN Mortgage Corporation the two are C$11.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is MCAN Mortgage Corporation worth?
The market values MCAN Mortgage Corporation at about C$879M (market capitalisation, as of Nov 11, 2026). Per share that is C$21.58; our models calculate a fair value of C$10.48 per share.
What do the bullish and bearish scenarios say about MKP?
Our models span a range for MCAN Mortgage Corporation: cautious scenario C$10.48, base C$10.48, optimistic C$41.92 per share (as of Nov 11, 2026, price C$21.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MKP?
MCAN Mortgage Corporation trades at a price-to-earnings ratio of 10.3 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$10.48 is built from several models across several years. Other multiples: P/B 1.4, P/S 5.9, EV/EBITDA 27.7.
How solid is the balance sheet of MCAN Mortgage Corporation (MKP)?
Balance-sheet figures for MCAN Mortgage Corporation (as of Nov 11, 2026): return on equity 12.8%, debt of 5.33 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is MKP from its 52-week high?
MCAN Mortgage Corporation trades at C$21.58, about 17% below its 52-week high of C$25.97 and 9% above the low of C$19.78 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$10.48 is for.
Which stocks are comparable to MCAN Mortgage Corporation?
From the same area (Financial Services) we also value Rocket Companies, Inc, Bajaj Housing Finance Limited, PennyMac Financial Services, Inc, LIC 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 MCAN Mortgage Corporation stock attractive at the current price?
The data as of Nov 11, 2026: price C$21.58, calculated fair value C$10.48 (−51%), Quality Score 52/100, 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 MKP calculated?
We run MCAN Mortgage Corporation through 11 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of C$10.48 builds on their evidence-weighted average, 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 14.3% above its aggregate fair value. MCAN Mortgage Corporation itself currently trades above fair value. 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 MCAN Mortgage Corporation (MKP)?
The closing price on Nov 12, 2026 was C$21.58. Our model-based fair value is C$10.48, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MCAN Mortgage Corporation right now?
The model range is unusually wide (C$10.48 to C$41.92). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. 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 MCAN Mortgage Corporation (MKP) come from?
Earnings per share at MCAN Mortgage Corporation grew +3.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.9 %, EBIT margin −8.1 %, tax rate +0.1 %, residual (interest, one-offs) −1.8 %. 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 MCAN Mortgage Corporation
How large is the market capitalisation of MCAN Mortgage Corporation (MKP)?
The market capitalisation of MCAN Mortgage Corporation is C$879M (≈ $617M). 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 MCAN Mortgage Corporation (MKP)?
The price-to-sales ratio of MCAN Mortgage Corporation is 5.92 (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 MCAN Mortgage Corporation (MKP)?
Earnings per share at MCAN Mortgage Corporation are C$2.09 (price ÷ EPS = P/E 10.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MCAN Mortgage Corporation (MKP)?
The dividend yield of MCAN Mortgage Corporation is 7.6% (payout 78.5%). 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 MCAN Mortgage Corporation (MKP)?
The net margin of MCAN Mortgage Corporation is 56.5% (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 MCAN Mortgage Corporation (MKP)?
The return on equity (ROE) of MCAN Mortgage Corporation is 12.8% (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 MCAN Mortgage Corporation (MKP)?
On an EBIT basis the return on assets of MCAN Mortgage Corporation is 2.2% (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 MCAN Mortgage Corporation (MKP)?
The operating margin of MCAN Mortgage Corporation is 54.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MCAN Mortgage Corporation (MKP)?
Revenue at MCAN Mortgage Corporation is growing −1.5% versus a year earlier (3y avg +49.5%). 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 MCAN Mortgage Corporation (MKP)?
Earnings per share at MCAN Mortgage Corporation are growing −9.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MCAN Mortgage Corporation (MKP) generate?
The free cash flow of MCAN Mortgage Corporation is C$1.1B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MCAN Mortgage Corporation (MKP) carry?
The net debt of MCAN Mortgage Corporation is C$3.3B (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
Nov 11, 2026