M Split Corp (XMF-A) fair value: what the stock is really worth
We calculate from audited financials what M Split Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
A solid business, trading 50% below our fair value of C$2.02.
As of Sep 7, 2026, the fair value of M Split Corp is C$2.02 per share against a price of C$1.01, so the fair value sits 100% above the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Sep 7, 2026
From 12 valuation models · updated today
Fair value updated Sep 7, 2026, revised from C$3.54 to C$2.02 (−42.9%) since Aug 13, 2026. Share price −43.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (C$1.52). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (C$1.52 to C$6.67). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 7, 2026.
How to read this chart
60‑month range C$0.1400 – C$2.11 · fair‑value band C$1.52 – C$6.67 · the C$1.01 price screens below the C$2.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 7, 2026.
Analysis
M Split Corp (XMF-A) currently trades at C$1.01, while our model-based Fair Value estimate is C$2.02, implying the stock looks roughly 50.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of C$11.22 per share, and 10 of the 12 models we run sit above the C$1.01 price. Bear case: the Asset-Based group reads lowest at C$0.3700, and 2 of the 12 models stay below the price. Evidence for this calculation is low.
Revenue declined 63.9% year over year. It earns a return on equity of 83.0%. Net debt stands at C$12.6M. The stock trades on a trailing P/E of 11.1 (as of Jul 18, 2026). Fundamentals as of Sep 7, 2026
Scenario range: C$1.52 (bear) to C$6.67 (bull), the price of C$1.01 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 44% below its 52-week high and 124% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 100%, XMF-A screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (C$0.3836 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 12 models by family
Widest divergence: Earnings-Based (C$11.22) versus Asset-Based (C$0.3700). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 55
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
M Split Corp. is a close-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in the stocks of companies engaged in the financial sector. It invests its entire corpus in the stock of Manulife Financial Corp.
Full company description
M Split Corp. is a close-ended equity mutual fund launched and managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in the stocks of companies engaged in the financial sector. It invests its entire corpus in the stock of Manulife Financial Corp. The fund benchmarks the performance of its portfolio against the S&P TSX Financial index. M Split Corp. was formed on February 12, 2007 and is domiciled in Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
M Split Corp reported revenue of C$4.3M in FY2025 versus C$810K in FY2021, a compound +52.1%/yr. Reported net income was C$431K in FY2025, compounding −7.9%/yr from FY2021.
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Peer Group
Asset Management · 696 stocks
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.
Valuation Multiples vs Asset Management median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must M Split Corp deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Canadian Stocks
- Valuation of the Canada market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Sep 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $142.39 | $52.88 | −63% |
| Investor AB INVEB | kr 408.05 | kr 827.56 | +103% |
| Brookfield Corporation BN | C$55.74 | C$10.67 | −81% |
| KKR & Co KKR | $108.68 | $19.97 | −82% |
| Apollo Global Management, Inc APO | $135.04 | $101.04 | −25% |
| State Street Corporation STT | $193.33 | $138.33 | −28% |
| Ameriprise Financial, Inc AMP | $559.32 | $515.24 | −8% |
| Ares Management Corporation ARES | $143.10 | $30.88 | −78% |
| Northern Trust Corporation NTRS | $186.79 | $122.02 | −35% |
| Raymond James Financial, Inc RJF | $181.10 | $142.42 | −21% |
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