First National Financial Corp
TSX:FN
Intrinsic Value
First National Financial Corp. engages in the provision of mortgage banking services. [ Read More ]
The intrinsic value of one
FN
stock under the Base Case scenario is
66.25
CAD.
Compared to the current market price of 38.2 CAD,
First National Financial Corp
is
Undervalued by 42%.
First National Financial Corp's market capitalization is 2.3B CAD.
FN stock price is 38.2 CAD.
FN stock price (38.2 CAD) is 42% less than its Intrinsic Value (66.25 CAD).
FN. Open DCF Valuation
FN's ROIC (Return on Invested Capital) has decreased in the last 3 years from 1% to 1%.
FN's long-term assets (46B CAD) exceed its long-term liabilties (45B CAD).
FN has negative Free Cash Flow for the last twelve months.
FN has positive Net Income for the last twelve months.
FN's Revenue has grown by an exceptional 29% over the past 12 months.
FN's ROE (Return on Equity) has decreased in the last 3 years from 44% to 35%.
FN has positive Operating Income for the last twelve months.
FN's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
FN's Revenue has been growing by 14% per year for the last 3 years.
FN's ROE (Return on Equity) for the past 12 months is very high and is equal to 35%.
FN has positive Gross Profit for the last twelve months.
FN has a very low three-year average ROIC (Return on Invested Capital): 1%. The company is not efficient at using invested capital to generate operating income.
FN's Revenue is forecast to fall at a rate of 20% per year over the next 3 years.
FN has very high three-year average ROE (Return on Equity): 33%. The company is very efficient at transforming stockholders' equity into net income.
FN's short-term liabilties (4B CAD) exceed its short-term assets (207m CAD).
FN's D/E (Debt to Equity) is very high and is equal to 60.7.
FN's Altman Z-Score is very low and is equal to 0.11.
FN doesn't generate enough operating income (344m CAD) to safely cover interest payments on its debt (1B CAD).
Valuation Backtest
First National Financial Corp
Run backtest to discover the historical profit from buying and selling
FN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
First National Financial Corp
Balance Sheet Decomposition
First National Financial Corp
| Current Assets | 207.2m |
| Receivables | 207.2m |
| Non-Current Assets | 45.8B |
| Long-Term Investments | 45.1B |
| PP&E | 82.9m |
| Intangibles | 29.8m |
| Other Non-Current Assets | 550.8m |
| Current Liabilities | 4.5B |
| Accounts Payable | 235.7m |
| Short-Term Debt | 4.2B |
| Other Current Liabilities | 47.4m |
| Non-Current Liabilities | 40.8B |
| Long-Term Debt | 40.6B |
| Other Non-Current Liabilities | 150.9m |
Earnings Waterfall
First National Financial Corp
|
Revenue
|
2B
CAD
|
|
Cost of Revenue
|
-1.4B
CAD
|
|
Gross Profit
|
612.2m
CAD
|
|
Operating Expenses
|
-268.3m
CAD
|
|
Operating Income
|
343.9m
CAD
|
|
Other Expenses
|
-95m
CAD
|
|
Net Income
|
249m
CAD
|
Free Cash Flow Analysis
First National Financial Corp
FN Profitability Score
Profitability Due Diligence
First National Financial Corp's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
Score
First National Financial Corp's profitability score is 54/100. The higher the profitability score, the more profitable the company is.
FN Solvency Score
Solvency Due Diligence
First National Financial Corp's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Score
First National Financial Corp's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
FN Price Targets Summary
First National Financial Corp
According to Wall Street analysts, the average 1-year price target for
FN
is 42.84 CAD
with a low forecast of 40.4 CAD and a high forecast of 47.25 CAD.
Shareholder Return
FN Price
First National Financial Corp
| Average Annual Return | 11.53% |
| Standard Deviation of Annual Returns | 13.33% |
| Max Drawdown | -54% |
| Market Capitalization | 2.3B CAD |
| Shares Outstanding | 59 967 429 |
| Percentage of Shares Shorted | 3.08% |
Company Profile
First National Financial Corp
Country
Industry
Market Cap
Dividend Yield
Description
First National Financial Corp. engages in the provision of mortgage banking services. The company is headquartered in Toronto, Ontario and currently employs 1,579 full-time employees. The company went IPO on 2006-06-15. The firm operates through two segments: Residential and Commercial. The Residential segment includes single-family residential mortgages. The Commercial segment includes multi-unit residential and commercial mortgages. The company provides mortgage financing solutions to the residential and commercial mortgage markets in Canada. The firm provides underwriting and fulfilment processing services to a mortgage originator using the mortgage broker distribution channel.
Contact
IPO
Employees
Officers
The intrinsic value of one
FN
stock under the Base Case scenario is
66.25
CAD.
Compared to the current market price of 38.2 CAD,
First National Financial Corp
is
Undervalued by 42%.
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