Builders Capital Mortgage Corp.
Pleasantly Surprised by Q3 Results
Published: 12/1/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Financial Services | Industry: Mortgage Finance
Ticker Symbols:
BCF - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $8.75 |
| Fair Value | US $10.01 |
| Risk | 3 |
| Week Range | US $8.07-9.75 |
| Shares O/S (M) | 3.17 |
| Market Cap. (M) | US $28 |
| Current Yield (%) | 9.1 |
| P/E (forward) | 10.9 |
| P/B | 0.94x |
Highlights
Q3 was in line with our expectations. BCF reported record revenue (up 28% YoY) amid higher mortgages outstanding, and lending rates. EPS was up 17% YoY.
Mortgages outstanding (net) were up 1% QoQ to $36M – the highest in BCF’s history.
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $8.75 |
| Fair Value | US $10.01 |
| Risk | 3 |
| Week Range | US $8.07-9.75 |
| Shares O/S (M) | 3.17 |
| Market Cap. (M) | US $28 |
| Current Yield (%) | 9.1 |
| P/E (forward) | 10.9 |
| P/B | 0.94x |
