Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN

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

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... see more

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ECN Capital Corp > Tricky Valuation

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Post by Bookworm28 on Dec 23, 2021 3:54pm

Tricky Valuation

Thanks (all) for the opinions/comments on my entry point question.

I'd like to jump on board, as the Co has some 1/2 decent earnings history, but guesstimating the value of what to pay for the stock is tricky. It's tempting to subtract $7.50 from the previous close, but that's obviously way too simplistic. Might have to do a deep dive on this one, or call on my trusty 'ol coin toss.

I hope every has a good time this holiday season. TIA for any additional comments on putting a value on this one.

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Comment by Bookworm28 on Dec 24, 2021 12:13am

I had a quick look at Q3 financials to come up with a guesstimate on fair value for the shares. I'm by no means a financial guy, but here's a shot at it. Net income in Q3 attributable to SFC was $13.5mm. Net income attributable to continuing operations was $9.5mm. So total Q3 net income is $23mm. In percentage terms, 59% SFC and 41% continuing ops. If we assume each stream of income is ...more

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