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MacKenzie Master Un (TSE:MKZ.UN)
TSX:MKZ.UN
Canadian Market
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MacKenzie Master (MKZ.UN) AI Stock Analysis

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TSE:MKZ.UN

MacKenzie Master

(TSX:MKZ.UN)

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Outperform 76 (OpenAI - Gpt-5.6Sol)
Rating:76Outperform
Price Target:
C$0.61
▲(19.61% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by solid financial positioning (notably no debt and strong reported margins) and attractive valuation (low P/E and high dividend yield). These positives are moderated by the major risk of revenue and cash-flow durability given the sharp 2025 revenue collapse and weakening free-cash-flow growth, while technicals are mildly positive but show signs of short-term stretch (high Stoch).
Positive Factors
Debt-free balance sheet
A debt-free capital structure and consistently positive equity provide financial flexibility and reduce interest burden. This supports resilience through weaker investment conditions and preserves the fund’s ability to manage expenses and distributions without relying on leverage.
Negative Factors
Severe revenue volatility
The sharp 2025 revenue contraction raises a fundamental question about the durability of earnings and distribution capacity. Even with strong margins, a much smaller revenue base can reduce investment income available to the partnership and make future results materially less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure and consistently positive equity provide financial flexibility and reduce interest burden. This supports resilience through weaker investment conditions and preserves the fund’s ability to manage expenses and distributions without relying on leverage.
Read all positive factors

MacKenzie Master (MKZ.UN) vs. iShares MSCI Canada ETF (EWC)

MacKenzie Master Business Overview & Revenue Model

Company Description
Mackenzie Master Limited Partnership (MMLP) remunerates financial advisors for distributing Mackenzie mutual fund securities that are subject to a redemption charge, especially during specified periods. These particular investment vehicles entail ...
How the Company Makes Money
The specific, current breakdown of MacKenzie Master’s revenue model and key revenue streams is null. In general, as an exchange-traded investment limited partnership/fund, its cash available for distributions to unitholders would typically be deri...

MacKenzie Master Financial Statement Overview

Summary
Strong reported profitability with very high margins and a conservative balance sheet (zero debt, positive equity). Offsetting this, revenue is highly volatile and deteriorated sharply, including an extreme contraction in 2025, alongside weakening free-cash-flow growth and some inconsistencies in the latest cash-flow ratios that reduce confidence in recent trend quality.
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue778.04K816.35K832.16K811.66K941.83K
Gross Profit755.86K797.74K832.16K796.13K925.70K
EBITDA604.03K669.67K608.78K725.13K815.46K
Net Income443.97K492.20K516.51K532.97K601.27K
Balance Sheet
Total Assets678.84K736.97K767.03K787.55K872.72K
Cash, Cash Equivalents and Short-Term Investments639.80K681.75K715.68K729.82K795.89K
Total Debt0.000.000.000.000.00
Total Liabilities234.87K244.76K250.52K254.59K271.45K
Stockholders Equity443.97K492.20K516.51K532.97K601.27K
Cash Flow
Free Cash Flow450.26K482.58K518.82K535.21K591.82K
Operating Cash Flow450.26K482.58K518.82K535.21K591.82K
Investing Cash Flow0.000.000.000.000.00
Financing Cash Flow-492.20K-516.51K-532.97K-601.27K-596.95K

MacKenzie Master Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.51
Price Trends
50DMA
0.52
Positive
100DMA
0.52
Positive
200DMA
0.51
Positive
Market Momentum
MACD
<0.01
Negative
RSI
54.80
Neutral
STOCH
91.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MKZ.UN, the sentiment is Positive. The current price of 0.51 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.52, and above the 200-day MA of 0.51, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.80 is Neutral, neither overbought nor oversold. The STOCH value of 91.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MKZ.UN.

MacKenzie Master Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
C$3.35M7.88128.21%13.27%-0.12%-7.56%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
62
Neutral
C$5.09M2.2022.71%6.25%-280.28%―
54
Neutral
C$4.16M1.2634.41%3.43%――
51
Neutral
C$12.26M-0.56-73.17%――-34.67%
41
Neutral
C$3.21M-5.26-100.87%5.00%85.46%94.19%
41
Neutral
C$3.44M-0.36-1106.91%―-829.35%-243.78%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MKZ.UN
MacKenzie Master
0.54
>-0.01
-0.93%
TSE:AAB
Aberdeen International
0.02
>-0.01
-33.33%
TSE:FNR
49 North Resources
0.03
<0.01
25.00%
TSE:BLGV
Belgravia Capital International Inc
0.03
-0.05
-64.29%
TSE:IDK
ThreeD Capital
0.13
0.04
44.44%
TSE:QCA
Quinsam Capital
0.06
0.00
0.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 01, 2026