Confident Investing Starts With TipRanks Premium

Get 55% Off
TipRanks
Go Ultimate55% OFF

M Split Corp. 14 Cap (XMF.A) AI Stock Analysis

TSE:XMF.A

M Split Corp. 14 Cap

(TSX:XMF.A)

Select Model
Rating:60Neutral
Price Target:CAD 1.50â–¼(-3.23% Downside)
Action:reiterated
Date:09/23/26

The overall score reflects solid revenue growth and strong margins constrained by a highly leveraged balance sheet and unstable free cash flow, while technicals show only moderate, neutral‑to‑positive momentum and a low P/E makes the stock appear cheap but without dividend support.

Positive Factors
Revenue Recovery and ProfitabilityThe sharp 2025 revenue rebound shows that the portfolio vehicle can recover top-line activity after a weak period, while positive net and EBIT margins indicate underlying earnings capacity. If maintained, this combination can support distributions and strengthen the capital base over the coming quarters.
Negative Factors
Extremely High LeverageDebt is extremely large relative to the reported equity base, leaving little capital cushion against portfolio losses or weaker earnings. This leverage can restrict financial flexibility, increase sensitivity to asset-value changes, and make sustaining obligations more difficult during periods of market or operating stress.

M Split Corp. 14 Cap (XMF.A) vs. iShares MSCI Canada ETF (EWC)

-50%0%50%100%150%200%250%300%350%TSE:XMF.A+171.93%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 3.98M
Dividend Yield
―
Average Volume (3M)
6,413
Price to Earnings (P/E)
3.5
Beta (1Y)
-0.97
Revenue Growth
-83.91%
EPS Growth
―
Country
Canada
Employees
0
Sector
Financial
Sector Strength
68
Industry
Asset Management

M Split Corp. 14 Cap Business Overview & Revenue Model

Company Description

M Split Corp. is a closed-end equity mutual fund managed by Quadravest Capital Management Inc. Established in Canada on February 12, 2007, this fund focuses its investments exclusively within the Canadian public equity markets, specifically targeting...

M Split Corp. 14 Cap Financial Statement Overview

Summary

Strong revenue growth and very high margins are offset by extreme leverage, equity erosion, and volatile free cash flow, resulting in a middling but risk‑aware financial profile.

Income Statement

72Positive

Balance Sheet

38Negative

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMNov 2025Nov 2024Nov 2023Nov 2022Nov 2021
Income Statement
Total Revenue963.92K4.34M1.70M1.88M1.28M810.41K
Gross Profit874.66K4.25M1.57M1.88M1.26M894.88K
EBITDA1.99M1.16M8.99M1.64M853.46K853.46K
Net Income1.15M431.43K304.30K1.61M1.09M598.35K
Balance Sheet
Total Assets14.43M14.04M23.25M15.14M14.51M14.13M
Cash, Cash Equivalents and Short-Term Investments14.31M13.92M23.08M14.95M14.33M13.93M
Total Debt13.15M13.15M22.76M15.00M14.24M14.01M
Total Liabilities13.28M13.30M22.95M71.12K71.12K71.12K
Stockholders Equity1.15M735.68K304.30K014.44M14.06M
Cash Flow
Free Cash Flow248.67K288.81K3.54M488.68K1.77M999.27K
Operating Cash Flow248.67K288.81K3.54M488.68K1.77M999.27K
Investing Cash Flow000000
Financing Cash Flow-819.55K-10.40M-853.46K-853.46K-853.46K-853.46K

M Split Corp. 14 Cap Technical Analysis

Technical Analysis SentimentNegative
Last Price1.55

Price Trends

50DMA1.62Negative
100DMA1.68Negative
200DMA1.36Positive

Market Momentum

MACD0.01Positive
RSI43.19Neutral
STOCH36.12Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XMF.A, the sentiment is Negative. The current price of 1.55 is below the 20-day moving average (MA) of 1.68, below the 50-day MA of 1.62, and above the 200-day MA of 1.36, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 36.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:XMF.A.

M Split Corp. 14 Cap Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

TSE:XMF.A against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:RSTSE:RS70OutperformCAD 105.13M4.6817.87%18.86%95.81%37.32%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
TSE:BNKTSE:BNK63NeutralCAD 28.27M1.4959.22%8.31%288.09%138.83%
TSE:XMF.ATSE:XMF.A60NeutralCAD 3.53M3.50122.00%―-83.91%―
TSE:PWITSE:PWI56NeutralCAD 52.11M3.1027.77%11.41%233.57%28.65%

* Financial Sector Average

Performance Comparison

0%100%200%300%TSE:XMF.ATSE:RSTSE:BNKTSE:PWIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:XMF.A and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:XMF.AM Split Corp. 14 Cap1.550.98171.93%
TSE:RSReal Estate & E-Commerce Split Corp. Class A8.270.283.57%
TSE:BNKBig Banc Split Corp.14.644.0638.40%
TSE:PWISustainable Power & Infrastructure Split Corp.10.250.474.81%

M Split Corp. 14 Cap Corporate Events

Business Operations and StrategyDividends

M Split Corp. Declares Monthly Dividends on Class I and II Preferred Shares

Positive
Oct 20, 2026

M Split Corp., a split share investment company focused on common shares of Manulife Financial Corporation, supports income-oriented investors by offering preferred share structures tied to Canada’s largest life insurer and its diversified fina...

Dividends

M Split Corp. Declares Monthly Dividends on Class I and II Preferred Shares

Positive
Sep 18, 2026

M Split Corp. has declared a monthly dividend of $0.03125 per share, or $0.375 annually, for both its Class I and Class II Preferred Shares, continuing its income distribution strategy for investors. The Class I Preferred dividends are paid at an ann...

Dividends

M Split Corp. Declares Monthly Dividends on Preferred Shares

Positive
Aug 19, 2026

M Split Corp., which invests in Manulife Financial Corporation common shares to deliver structured income exposure to the life insurance and wealth management sectors, focuses on preferred share offerings designed to provide predictable yields to inc...

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: Sep 23, 2026