First National Financial Corp
TSX:FN

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First National Financial Corp
TSX:FN
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Price: 40.35 CAD 0.85% Market Closed
Market Cap: 2.4B CAD
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Gross Margin
First National Financial Corp

25.9%
Current
33%
Average
65.5%
Industry

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
25.9%
=
Gross Profit
550m
/
Revenue
2.1B

Gross Margin Across Competitors

Country CA
Market Cap 2.4B CAD
Gross Margin
26%
Country US
Market Cap 23.6B USD
Gross Margin
0%
Country US
Market Cap 9.4B USD
Gross Margin
89%
Country US
Market Cap 6.1B USD
Gross Margin
0%
Country US
Market Cap 6.1B USD
Gross Margin
0%
Country BM
Market Cap 5.7B USD
Gross Margin
0%
Country US
Market Cap 5.2B USD
Gross Margin
66%
Country US
Market Cap 5.1B USD
Gross Margin
0%
Country US
Market Cap 4.8B USD
Gross Margin
0%
Country US
Market Cap 4.6B USD
Gross Margin
0%
Country US
Market Cap 4.1B USD
Gross Margin
0%
No Stocks Found

First National Financial Corp
Glance View

Market Cap
2.4B CAD
Industry
Financial Services

First National Financial Corp, a stalwart in the Canadian financial landscape, thrives on the time-honored business of mortgage lending. Rooted in a philosophy that combines disciplined underwriting and robust risk management, the company has established itself as a leading non-bank mortgage originator in Canada. Founded in 1988, it has since expanded its footprint by catering to a wide spectrum of clients, including individuals looking for residential mortgages and developers in need of commercial property financing. The crux of their operation lies in originating, underwriting, and servicing both residential and commercial mortgages. Their ability to efficiently aggregate, securitize, and broker these loans ensures they capture recurring income streams, which is the very essence of their operational model. Revenue generation for First National pivots on the meticulous structuring of mortgage products and the subsequent management of these loans. By leveraging its comprehensive platform, the company retains servicing fees, captures interest from mortgage banking activities, and capitalizes on securitization gains. Servicing a formidable mortgage book, they rely on a blend of direct lending and strategic partnerships with brokers to access a broad client base, thereby enhancing volume and scale. This twofold approach allows them to harness the benefits of economies of scale, optimizing their expenses while reinforcing their competitive position in the market. By maintaining an unwavering commitment to risk assessment and customer focus, First National continues to solidify its reputation as a dependable force in Canada's mortgage financing realm.

FN Intrinsic Value
49.12 CAD
Undervaluation 18%
Intrinsic Value
Price

See Also

Discover More
What is Gross Margin?

Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.

Gross Margin
25.9%
=
Gross Profit
550m
/
Revenue
2.1B
What is the Gross Margin of First National Financial Corp?

Based on First National Financial Corp's most recent financial statements, the company has Gross Margin of 25.9%.