Fisgard Capital Corporation
Revenue and Yield Beat Estimates / Raising Our 2024 Estimates
Published: 5/17/2024
Author: FRC Analysts
![Revenue and Yield Beat Estimates / Raising Our 2024 Estimates - Main Image](/_next/image?url=https%3A%2F%2Ffrc-backend.s3.ca-central-1.amazonaws.com%2Fpictures%2F41c92b23-c928-443a-a430-7340570f0e91-posting-images-18-665f96270e065.webp&w=1080&q=75)
Sector: Mortgage | Industry: Mortgage
Ticker Symbols:
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- Fisgard Capital Corporation (FCC) is one of the larger Mortgage Investment Corporations (MICs) in Canada. We believe FCC operates a relatively low-risk fund, with high exposure to first mortgages, and low Loan-to-Values (LTV), and debt/capital.
- In 2023, mortgage receivables increased 3% YoY to $289M vs our estimate of $300M.
- The yield increased by 1.6 pp YoY to 7.1%, beating our estimate of 6.8%, driven by higher lending rates.
Rating and Key Data
Metrics | Value |
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Current Price | N/A |
Fair Value | N/A |
Risk | N/A |
Week Range | N/A |
Shares O/S (M) | N/A |
Market Cap. (M) | N/A |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | N/A |