OTC · Asset Management

North American Financial 15 Split Corp. (FNCSF) Stock

$7.88 +2.67% OTC: FNCSF Financial Services

North American Financial 15 Split Corp. is an equity-focused mutual fund established by Quadravest Inc.

Valuation

MetricValue
Price$7.88
Market Cap$541.22M
P/E Ratio4.96
P/B Ratio1.17
P/S Ratio7.66
EPS (TTM)$1.59
52-Week High$11.25
52-Week Low$4.36
Dividend Yield12.18%

Financials & Margins

MetricValue
ROE28.76%
ROA12.05%
ROCE36.37%
Gross Margin49.51%
Operating Margin217.88%
Net Margin143.61%
Debt/Equity1.01
Current Ratio2.01

Annual Financials (USD)

Metric20212022202320242025
Revenue$94.0M$2.0M$-24.0M$360.0M$58.0M
Operating Profit$89.0M$-4.0M$-24.0M$356.0M$221.0M
Net Profit$67.0M$-7.0M$-27.0M$356.0M$171.0M
EPS$2.35$-0.85$-1.18$5.16$2.63
Op Margin95.3%-228.2%102.3%99.0%378.1%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$596.0M$812.0M$727.0M$1.1B$1.2B
Total Liabilities$364.0M$536.0M$526.0M$611.0M$612.0M
Cash$58.0M$91.0M$45.0M$109.0M$92.0M
Borrowings$357.0M$523.0M$520.0M$598.0M$598.0M

Latest News

North American Financial 15 Split Completes C$102.5 Million Preferred Share Offering MT Newswires · Jul 6, 2026 North American Financial 15 Split Corp Completes Preferred Share Offering of $102,460,000 GlobeNewswire · Jul 6, 2026 North American Financial 15 Split Prices C$102.5 Million Preferred Share Offering MT Newswires · Jun 26, 2026 North American Financial 15 Split Corp Announces Successful Preferred Share Offering GlobeNewswire · Jun 26, 2026 Canadian Investment Regulatory Organization Trade Resumption - FFN.PR.A CNW Group · Jun 26, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$-242.0M$-187.0M$10.0M$52.0M$23.0M
Investing Cash Flow$0$0$0$0$0
Financing Cash Flow$-9.0M$-39.0M$-41.0M$-2.0M$-88.0M
Net Cash Flow$35.0M$33.0M$-46.0M$64.0M$-17.0M
Free Cash Flow$-242.0M$-187.0M$10.0M$52.0M$23.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.08
EV / EBITDA5.80
FCF Yield4.57%
Quick Ratio2.01
Interest Coverage9.00
Return 1Y102.43%
Return 3Y413.74%
Return 5Y

Ownership

Insiders Held0.00%
Institutions Held0.43%
Institutions Float Held0.43%

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
CNDCFCanadian Banc Corp. $12.30 +5.13% 3.71 $561.35M 12.93%
DDWWFDividend Growth Split Corp. $4.12 +0.00% -2.07 $229.10M 20.39%
FNNCFFinancial 15 Split Corp. $8.88 +0.00% 4.88 $680.24M 11.96%
FRMOFRMO Corp. $7.00 +0.00% 16.28 $308.16M 0.00%
IPXAFImpax Asset Management Group plc $1.54 +0.00% 10.40 $186.57M 3.25%

About North American Financial 15 Split Corp.

North American Financial 15 Split Corp. is an equity-focused mutual fund established by Quadravest Inc. and actively managed by Quadravest Capital Management Inc. Its investment mandate extends to the public equity markets of both the United States and Canada. The fund meticulously selects a high-quality portfolio comprising preferred and Class A shares from fifteen prominent financial services companies. To construct its portfolio, the fund employs a sophisticated investment strategy that integrates fundamental-based equity analysis with strategic covered call writing. Originally known as Financial 15 Split Corp. II, this Canadian-domiciled entity was formally established on October 15, 2004.

North American Financial 15 Split Corp. is headquartered in CA.

North American Financial 15 Split Corp. (FNCSF) stock trades at $7.88 with a market capitalization of $541.22M. The stock is valued at a price-to-earnings (P/E) ratio of 4.96, price-to-book of 1.17, price-to-sales of 7.66. Over the past 52 weeks the stock has ranged between $4.36 and $11.25, and currently trades 30.0% below its 52-week high. It pays a dividend yielding 12.18%.

On profitability, North American Financial 15 Split Corp. generates a return on equity (ROE) of 28.76% — well above the market average, a sign of a high-quality business, return on capital employed of 36.37%, an operating margin of 217.88%, a net profit margin of 143.61%.

Official website: www.financial15.com/Split_ll/fund_info.html

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