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ECN Capital Corp T.ECN.PR.C


Primary Symbol: T.ECN Alternate Symbol(s):  T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B | ECNCF | ECNNF

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.


TSX:ECN - Post by User

Post by TimeScapeon Aug 23, 2021 3:43pm
258 Views
Post# 33749702

Sales multiples

Sales multiplesTake the ECN sales numbers for the 6 months ended June 30th.  Double them to get an approximation for the whole year.  Would be higher as the company is growing, but it gives you a rough number for some comparisons.  Prior to the sale, the whole company was trading at roughly 10 times sales.  The sold division was sold for roughly 20 times sales.  At the current share price, minus the $7.50 dividend, the shares of the remaining company, which includes about 60% of the company's sales, are trading at only about 4 times sales.
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