BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Fundamental Analysis & Valuation

TSX:BEI-UN • CA0966311064

Current stock price

67.84 CAD
-0.38 (-0.56%)
Last:

This BEI-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. BEI-UN.CA Profitability Analysis

1.1 Basic Checks

  • In the past year BEI-UN was profitable.
  • BEI-UN had a positive operating cash flow in the past year.
  • In the past 5 years BEI-UN has always been profitable.
  • Each year in the past 5 years BEI-UN had a positive operating cash flow.
BEI-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFBEI-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M

1.2 Ratios

  • BEI-UN's Return On Assets of 2.19% is fine compared to the rest of the industry. BEI-UN outperforms 68.75% of its industry peers.
  • The Return On Equity of BEI-UN (4.00%) is better than 62.50% of its industry peers.
  • With an excellent Return On Invested Capital value of 3.36%, BEI-UN belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • BEI-UN had an Average Return On Invested Capital over the past 3 years of 3.08%. This is in line with the industry average of 2.54%.
  • The 3 year average ROIC (3.08%) for BEI-UN is below the current ROIC(3.36%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.19%
ROE 4%
ROIC 3.36%
ROA(3y)5.73%
ROA(5y)5.58%
ROE(3y)10.53%
ROE(5y)10.69%
ROIC(3y)3.08%
ROIC(5y)2.94%
BEI-UN.CA Yearly ROA, ROE, ROICBEI-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • BEI-UN has a better Profit Margin (30.83%) than 81.25% of its industry peers.
  • In the last couple of years the Profit Margin of BEI-UN has declined.
  • BEI-UN's Operating Margin of 56.07% is fine compared to the rest of the industry. BEI-UN outperforms 75.00% of its industry peers.
  • BEI-UN's Operating Margin has improved in the last couple of years.
  • BEI-UN has a Gross Margin of 73.97%. This is amongst the best in the industry. BEI-UN outperforms 87.50% of its industry peers.
  • In the last couple of years the Gross Margin of BEI-UN has remained more or less at the same level.
Industry RankSector Rank
OM 56.07%
PM (TTM) 30.83%
GM 73.97%
OM growth 3Y4.31%
OM growth 5Y3.33%
PM growth 3Y-18.63%
PM growth 5YN/A
GM growth 3Y2.52%
GM growth 5Y1.46%
BEI-UN.CA Yearly Profit, Operating, Gross MarginsBEI-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100

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2

2. BEI-UN.CA Health Analysis

2.1 Basic Checks

  • BEI-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for BEI-UN has been increased compared to 1 year ago.
  • The number of shares outstanding for BEI-UN has been increased compared to 5 years ago.
  • BEI-UN has a worse debt/assets ratio than last year.
BEI-UN.CA Yearly Shares OutstandingBEI-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
BEI-UN.CA Yearly Total Debt VS Total AssetsBEI-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • BEI-UN has an Altman-Z score of 1.21. This is a bad value and indicates that BEI-UN is not financially healthy and even has some risk of bankruptcy.
  • BEI-UN has a better Altman-Z score (1.21) than 93.75% of its industry peers.
  • The Debt to FCF ratio of BEI-UN is 14.00, which is on the high side as it means it would take BEI-UN, 14.00 years of fcf income to pay off all of its debts.
  • BEI-UN's Debt to FCF ratio of 14.00 is in line compared to the rest of the industry. BEI-UN outperforms 56.25% of its industry peers.
  • BEI-UN has a Debt/Equity ratio of 0.56. This is a neutral value indicating BEI-UN is somewhat dependend on debt financing.
  • With an excellent Debt to Equity ratio value of 0.56, BEI-UN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 14
Altman-Z 1.21
ROIC/WACC0.6
WACC5.57%
BEI-UN.CA Yearly LT Debt VS Equity VS FCFBEI-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • BEI-UN has a Current Ratio of 0.16. This is a bad value and indicates that BEI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BEI-UN's Current ratio of 0.16 is on the low side compared to the rest of the industry. BEI-UN is outperformed by 62.50% of its industry peers.
  • A Quick Ratio of 0.16 indicates that BEI-UN may have some problems paying its short term obligations.
  • BEI-UN's Quick ratio of 0.16 is on the low side compared to the rest of the industry. BEI-UN is outperformed by 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.16
Quick Ratio 0.16
BEI-UN.CA Yearly Current Assets VS Current LiabilitesBEI-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BEI-UN.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.33% over the past year.
  • The earnings per share for BEI-UN have been decreasing by -13.77% on average. This is quite bad
  • BEI-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.86%.
  • The Revenue has been growing slightly by 6.52% on average over the past years.
EPS 1Y (TTM)8.33%
EPS 3Y-13.77%
EPS 5YN/A
EPS Q2Q%5.05%
Revenue 1Y (TTM)5.86%
Revenue growth 3Y8.88%
Revenue growth 5Y6.52%
Sales Q2Q%0.51%

3.2 Future

  • BEI-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.57% yearly.
  • The Revenue is expected to grow by 4.02% on average over the next years.
EPS Next Y1.04%
EPS Next 2Y2.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.78%
Revenue Next 2Y4.02%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BEI-UN.CA Yearly Revenue VS EstimatesBEI-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
BEI-UN.CA Yearly EPS VS EstimatesBEI-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 10

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5

4. BEI-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.72, the valuation of BEI-UN can be described as correct.
  • Based on the Price/Earnings ratio, BEI-UN is valued a bit cheaper than 68.75% of the companies in the same industry.
  • BEI-UN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.95, which is the current average of the S&P500 Index.
  • BEI-UN is valuated correctly with a Price/Forward Earnings ratio of 14.57.
  • BEI-UN's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.68, BEI-UN is valued rather cheaply.
Industry RankSector Rank
PE 14.72
Fwd PE 14.57
BEI-UN.CA Price Earnings VS Forward Price EarningsBEI-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BEI-UN is valued cheaper than 100.00% of the companies in the same industry.
  • BEI-UN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 12.61
EV/EBITDA 18.38
BEI-UN.CA Per share dataBEI-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BEI-UN does not grow enough to justify the current Price/Earnings ratio.
  • BEI-UN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)14.09
PEG (5Y)N/A
EPS Next 2Y2.57%
EPS Next 3YN/A

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5

5. BEI-UN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.87%, BEI-UN has a reasonable but not impressive dividend return.
  • With a Dividend Yield of 1.87, BEI-UN pays less dividend than the industry average, which is at 5.12. 93.75% of the companies listed in the same industry pay a better dividend than BEI-UN!
  • Compared to an average S&P500 Dividend Yield of 1.81, BEI-UN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.87%

5.2 History

  • On average, the dividend of BEI-UN grows each year by 9.83%, which is quite nice.
  • BEI-UN has paid a dividend for at least 10 years, which is a reliable track record.
  • BEI-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.83%
Div Incr Years4
Div Non Decr Years4
BEI-UN.CA Yearly Dividends per shareBEI-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • BEI-UN pays out 39.22% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of BEI-UN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.22%
EPS Next 2Y2.57%
EPS Next 3YN/A
BEI-UN.CA Yearly Income VS Free CF VS DividendBEI-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M
BEI-UN.CA Dividend Payout.BEI-UN.CA Dividend Payout, showing the Payout Ratio.BEI-UN.CA Dividend Payout.PayoutRetained Earnings

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BEI-UN.CA Fundamentals: All Metrics, Ratios and Statistics

BOARDWALK REAL ESTATE INVEST

TSX:BEI-UN (4/20/2026, 7:00:00 PM)

67.84

-0.38 (-0.56%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners36.24%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.28B
Revenue(TTM)638.64M
Net Income(TTM)196.87M
Analysts77.33
Price Target81.88 (20.7%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.87%
Yearly Dividend1.46
Dividend Growth(5Y)9.83%
DP39.22%
Div Incr Years4
Div Non Decr Years4
Ex-Date05-29
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.76%
PT rev (3m)-0.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.65%
EPS NY rev (3m)-0.65%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.62%
Revenue NY rev (3m)-0.33%
Valuation
Industry RankSector Rank
PE 14.72
Fwd PE 14.57
P/S 5.13
P/FCF 12.61
P/OCF 12.61
P/B 0.67
P/tB 0.67
EV/EBITDA 18.38
EPS(TTM)4.61
EY6.8%
EPS(NY)4.66
Fwd EY6.86%
FCF(TTM)5.38
FCFY7.93%
OCF(TTM)5.38
OCFY7.93%
SpS13.22
BVpS101.83
TBVpS101.83
PEG (NY)14.09
PEG (5Y)N/A
Graham Number102.771 (51.49%)
Profitability
Industry RankSector Rank
ROA 2.19%
ROE 4%
ROCE 4.71%
ROIC 3.36%
ROICexc 3.41%
ROICexgc 3.41%
OM 56.07%
PM (TTM) 30.83%
GM 73.97%
FCFM 40.68%
ROA(3y)5.73%
ROA(5y)5.58%
ROE(3y)10.53%
ROE(5y)10.69%
ROIC(3y)3.08%
ROIC(5y)2.94%
ROICexc(3y)3.16%
ROICexc(5y)3%
ROICexgc(3y)3.16%
ROICexgc(5y)3%
ROCE(3y)4.29%
ROCE(5y)4.09%
ROICexgc growth 3Y7.54%
ROICexgc growth 5Y3.31%
ROICexc growth 3Y7.54%
ROICexc growth 5Y3.31%
OM growth 3Y4.31%
OM growth 5Y3.33%
PM growth 3Y-18.63%
PM growth 5YN/A
GM growth 3Y2.52%
GM growth 5Y1.46%
F-Score7
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 14
Debt/EBITDA 7.49
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.99
Cash Conversion 70.81%
Profit Quality 131.98%
Current Ratio 0.16
Quick Ratio 0.16
Altman-Z 1.21
F-Score7
WACC5.57%
ROIC/WACC0.6
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)67.15%
Profit Quality(5y)58.52%
High Growth Momentum
Growth
EPS 1Y (TTM)8.33%
EPS 3Y-13.77%
EPS 5YN/A
EPS Q2Q%5.05%
EPS Next Y1.04%
EPS Next 2Y2.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.86%
Revenue growth 3Y8.88%
Revenue growth 5Y6.52%
Sales Q2Q%0.51%
Revenue Next Year4.78%
Revenue Next 2Y4.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y10.62%
EBIT growth 3Y13.57%
EBIT growth 5Y10.07%
EBIT Next Year8.75%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y11.91%
FCF growth 3Y18.68%
FCF growth 5Y13.81%
OCF growth 1Y7.72%
OCF growth 3Y17.32%
OCF growth 5Y12.99%

BOARDWALK REAL ESTATE INVEST / BEI-UN.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to BEI-UN.CA.


What is the valuation status of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to BOARDWALK REAL ESTATE INVEST (BEI-UN.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BOARDWALK REAL ESTATE INVEST?

BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) has a profitability rating of 8 / 10.


How financially healthy is BOARDWALK REAL ESTATE INVEST?

The financial health rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 2 / 10.


How sustainable is the dividend of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?

The dividend rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 5 / 10 and the dividend payout ratio is 39.22%.