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1. Company Snapshot

1.a. Company Description

Canadian Banc Corp.is a close-ended equity mutual fund launched by Quadravest Inc.The fund is managed by Quadravest Capital Management Inc.


It invests in the public equity markets of Canada.The fund invests in stocks of companies engaged in the banking sector.It benchmarks the performance of its portfolio against the S&P TSX Financial Index.


The fund was formerly known as Canadian Banc Recovery Corp.Canadian Banc Corp.was formed on May 25, 2005 and is domiciled in Canada.

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1.b. Last Insights on BK

The recent stock performance of Canadian Banc Corp. was negatively impacted by a decline in dividend payments. Over the past three months, the company reduced its monthly dividend for Class A shares from $0.15050 to $0.14975. This decline in dividend payments may have disappointed income-seeking investors and led to a decrease in the stock's attractiveness. Additionally, the company's dividend payout ratio, which is determined by applying a 15% annualized rate on the volume-weighted average market price (VWAP) of the Class A shares, is likely to remain relatively stable, limiting the potential for future dividend growth.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

Nov -19

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CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share

Oct -20

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Canadian Banc Corp. Completes Overnight Offering of $62,700,000

Oct -09

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Canadian Banc Corp. Announces Successful Overnight Offering of Preferred Shares

Oct -02

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Canadian Banc Corp. Announces Overnight Offering of Preferred Shares

Oct -01

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Canadian Banc Corp. Announces Class A Share Split and Increased Total Distributions

Sep -23

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CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share

Sep -23

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Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

Aug -20

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.62%)

6. Segments

Securities Services

Expected Growth: 4.5%

Increasing demand for custody and asset servicing solutions, driven by institutional investors' need for efficient and secure post-trade processing, will fuel growth in the Securities Services segment of Canadian Banc Corp.

Market and Wealth Services

Expected Growth: 4.5%

Growing demand for digital investment platforms, increasing adoption of online trading, and rising need for financial planning services among individuals and businesses are expected to drive the growth of Market and Wealth Services from Canadian Banc Corp.

Investment and Wealth Management

Expected Growth: 5.2%

Growing demand for personalized financial solutions, increasing wealth among Canadian individuals and families, and a rising need for investment advice and wealth management services drive growth in Canadian Banc Corp's Investment and Wealth Management segment.

Other

Expected Growth: 4.5%

The residual interest in Canadian Banc Corp's assets is expected to grow driven by increasing lending activities, improving asset quality, and a stable Canadian economy.

7. Detailed Products

Personal Banking

Personal banking services for individuals, including chequing and savings accounts, credit cards, loans, and investment products.

Commercial Banking

Financial solutions for businesses, including cash management, trade finance, and lending products.

Wealth Management

Investment and wealth management services, including investment advice, portfolio management, and estate planning.

Capital Markets

Investment banking, equities, fixed income, and currencies trading services for institutional clients.

Credit Cards

A range of credit cards with rewards, cashback, and travel insurance benefits.

Mortgages

Residential and commercial mortgage lending services for individuals and businesses.

Insurance

Life, disability, and home insurance products to protect individuals and families.

8. Canadian Banc Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Canadian Banc Corp is medium due to the presence of alternative financial institutions and digital payment platforms.

Bargaining Power Of Customers

The bargaining power of customers is low due to the lack of negotiating power and the high switching costs associated with changing banks.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the bank's large size and negotiating power in the market.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the banking industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high due to the competitive nature of the banking industry, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 60.59%
Debt Cost 3.95%
Equity Weight 39.41%
Equity Cost 10.28%
WACC 6.44%
Leverage 153.76%

11. Quality Control: Canadian Banc Corp. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
NAF 15 Split

A-Score: 8.1/10

Value: 7.7

Growth: 7.6

Quality: 8.2

Yield: 10.0

Momentum: 7.0

Volatility: 8.0

1-Year Total Return ->

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Canadian Bank

A-Score: 7.9/10

Value: 7.0

Growth: 4.3

Quality: 8.1

Yield: 10.0

Momentum: 8.0

Volatility: 10.0

1-Year Total Return ->

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Saratoga Investment

A-Score: 7.0/10

Value: 6.0

Growth: 5.1

Quality: 6.2

Yield: 10.0

Momentum: 5.0

Volatility: 9.7

1-Year Total Return ->

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Stock-Card
Horizon Technology Finance

A-Score: 7.0/10

Value: 8.2

Growth: 3.7

Quality: 6.1

Yield: 9.0

Momentum: 5.0

Volatility: 10.0

1-Year Total Return ->

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Stock-Card
TriplePoint Venture Growth BDC

A-Score: 6.7/10

Value: 7.8

Growth: 4.0

Quality: 8.1

Yield: 10.0

Momentum: 3.0

Volatility: 7.0

1-Year Total Return ->

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Stock-Card
Grosvenor Capital Management

A-Score: 6.5/10

Value: 4.9

Growth: 4.3

Quality: 6.0

Yield: 8.0

Momentum: 6.0

Volatility: 10.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

14.27$

Current Price

14.27$

Potential

-0.00%

Expected Cash-Flows