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Last C$9.20 CAD
Change Today -0.01 / -0.11%
Volume 200.0
EQI On Other Exchanges
Symbol
Exchange
Toronto
As of 10:23 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

equity financial holdings in (EQI) Snapshot

Open
C$9.20
Previous Close
C$9.21
Day High
C$9.20
Day Low
C$9.20
52 Week High
06/23/14 - C$11.00
52 Week Low
08/5/14 - C$8.02
Market Cap
86.0M
Average Volume 10 Days
3.7K
EPS TTM
C$-0.30
Shares Outstanding
9.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EQUITY FINANCIAL HOLDINGS IN (EQI)

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equity financial holdings in (EQI) Details

Equity Financial Holdings Inc., a financial services company, through its subsidiary, Equity Financial Trust Company, offers alternative residential mortgage loans funded through the issuance of retail deposits. It offers residential mortgage loans on single family homes through a network of independent mortgage brokers in Ontario, Canada. The company was formerly known as Grey Horse Corporation and changed its name to Equity Financial Holdings Inc. in December 2010. Equity Financial Holdings Inc. is headquartered in Toronto, Canada.

52 Employees
Last Reported Date: 02/12/15

equity financial holdings in (EQI) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$180.0K
Chief Compliance Officer and General Counsel
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2013.

equity financial holdings in (EQI) Key Developments

Equity Financial Holdings Inc. Reports Audited Consolidated Financial Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the First Half of 2015

Equity Financial Holdings Inc. reported audited consolidated financial results for the year ended December 31, 2014. For the year, the company reported net interest income of $12,855,000 compared to $10,328,000 reported a year ago. Net interest income and other income, including reversal of credit losses was $14,670,000 compared to $10,634,000 reported a year ago. Net loss from continuing operations was $2,919,000 or $0.30 per diluted share compared to $327,000 or $0.04 per diluted share reported a year ago. ROE from continuing operations (annualized) was a negative of 3.1% compared to negative ROE from continuing operations of 0.4% reported a year ago. Adjusted net income from continuing operations was $1,175,000 or $0.12 per diluted share compared to $518,000 or $0.06 per diluted share reported a year ago. Book value per common share was $9.98 compared to $10.28 as at December 31, 2013. Net loss was $2,919,000 or $0.30 per diluted share compared to net income of $41,782,000 or $4.47 per diluted share reported a year ago. The company expects loan book growth to be modest in the first half of 2015 with momentum created as it moves into the second half of the fiscal year. Correspondingly, profitability at or near the break-even level, similar to its experience in the second half of fiscal 2014, is expected to continue while it focuses on re-establishing a larger mortgage loan book.

Equity Financial Holdings Inc., 2014 Earnings Call, Feb 17, 2015

Equity Financial Holdings Inc., 2014 Earnings Call, Feb 17, 2015

Equity Financial Holdings Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

Equity Financial Holdings Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $3,213,000 against $2,828,000 a year ago. Net interest income and other income, net of provision was $3,766,000 against $2,839,000 a year ago. Net earnings from continuing operations was $535,000 or $0.06 per basic and diluted share against loss from continuing operations of $175,000 or $0.02 per basic and diluted share a year ago. ROE from continuing operations (annualized) was 2.3% against negative ROE from continuing operations (annualized) of 0.7% a year ago. Adjusted net earnings from continuing operations were $535,000 or $0.06 per basic and diluted share against adjusted net loss from continuing operations of 175,000 or $0.02 per basic and diluted share a year ago. For the nine months, the company reported net interest income of $10,050,000 against $6,942,000 a year ago. Net interest income and other income, net of provision was $11,437,000 against $7,035,000 a year ago. Net loss from continuing operations was $2,690,000 or $0.28 per basic and diluted share against $562,000 or $0.06 per basic and diluted share a year ago. Negative ROE from continuing operations (annualized) was $3.8% against 1.0% a year ago. Adjusted net earnings from continuing operations were $1,404,000 against adjusted net loss from continuing operations of $562,000 a year ago. Adjusted earnings per diluted share from continuing operations were $0.15 against $4.47 a year ago. Book value per common share as at September 30, 2014 was $9.97 against $9.91 as at June 30, 2014. Net loss from continuing operations was due to significant non-recurring one-time costs in the first quarter of 2014.

 

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Valuation EQI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.0x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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