BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada • Toronto Stock Exchange • TSX:BEI-UN • CA0966311064
68.85 CAD
+1.03 (+1.52%)
Last: Jan 30, 2026, 07:00 PM
We assign a fundamental rating of 5 out of 10 to BEI-UN. BEI-UN was compared to 15 industry peers in the Residential REITs industry. BEI-UN has an excellent profitability rating, but there are concerns on its financial health. BEI-UN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year BEI-UN was profitable.
- In the past year BEI-UN had a positive cash flow from operations.
- BEI-UN had positive earnings in 4 of the past 5 years.
- BEI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BEI-UN has a Return On Assets of 3.46%. This is in the better half of the industry: BEI-UN outperforms 80.00% of its industry peers.
- BEI-UN has a better Return On Equity (6.26%) than 73.33% of its industry peers.
- BEI-UN's Return On Invested Capital of 3.21% is amongst the best of the industry. BEI-UN outperforms 86.67% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BEI-UN is in line with the industry average of 2.87%.
- The last Return On Invested Capital (3.21%) for BEI-UN is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 6.26% | ||
| ROIC | 3.21% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
1.3 Margins
- BEI-UN has a better Profit Margin (49.84%) than 80.00% of its industry peers.
- BEI-UN's Profit Margin has improved in the last couple of years.
- The Operating Margin of BEI-UN (55.29%) is better than 73.33% of its industry peers.
- BEI-UN's Operating Margin has improved in the last couple of years.
- BEI-UN has a Gross Margin of 73.60%. This is amongst the best in the industry. BEI-UN outperforms 86.67% of its industry peers.
- In the last couple of years the Gross Margin of BEI-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.29% | ||
| PM (TTM) | 49.84% | ||
| GM | 73.6% |
OM growth 3Y3.04%
OM growth 5Y3.17%
PM growth 3Y0.93%
PM growth 5Y66.4%
GM growth 3Y1.76%
GM growth 5Y1.52%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BEI-UN is destroying value.
- BEI-UN has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for BEI-UN has been increased compared to 5 years ago.
- BEI-UN has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.24, we must say that BEI-UN is in the distress zone and has some risk of bankruptcy.
- BEI-UN has a Altman-Z score of 1.24. This is amongst the best in the industry. BEI-UN outperforms 93.33% of its industry peers.
- The Debt to FCF ratio of BEI-UN is 14.67, which is on the high side as it means it would take BEI-UN, 14.67 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of BEI-UN (14.67) is comparable to the rest of the industry.
- BEI-UN has a Debt/Equity ratio of 0.55. This is a neutral value indicating BEI-UN is somewhat dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.55, BEI-UN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.58
WACC5.51%
2.3 Liquidity
- A Current Ratio of 0.11 indicates that BEI-UN may have some problems paying its short term obligations.
- The Current ratio of BEI-UN (0.11) is worse than 60.00% of its industry peers.
- A Quick Ratio of 0.10 indicates that BEI-UN may have some problems paying its short term obligations.
- With a Quick ratio value of 0.10, BEI-UN is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 11.26% over the past year.
- Measured over the past years, BEI-UN shows a very strong growth in Earnings Per Share. The EPS has been growing by 70.76% on average per year.
- The Revenue has been growing slightly by 6.52% in the past year.
- BEI-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.79% yearly.
EPS 1Y (TTM)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
3.2 Future
- The Earnings Per Share is expected to grow by 4.74% on average over the next years.
- The Revenue is expected to grow by 4.29% on average over the next years.
EPS Next Y49.82%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
EPS Next 5YN/A
Revenue Next Year4.03%
Revenue Next 2Y4.58%
Revenue Next 3Y4.29%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 15.13 indicates a correct valuation of BEI-UN.
- Compared to the rest of the industry, the Price/Earnings ratio of BEI-UN is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 28.30. BEI-UN is valued slightly cheaper when compared to this.
- A Price/Forward Earnings ratio of 14.69 indicates a correct valuation of BEI-UN.
- 66.67% of the companies in the same industry are more expensive than BEI-UN, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. BEI-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.13 | ||
| Fwd PE | 14.69 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BEI-UN is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
- 60.00% of the companies in the same industry are cheaper than BEI-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.68 | ||
| EV/EBITDA | 18.98 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of BEI-UN may justify a higher PE ratio.
PEG (NY)0.3
PEG (5Y)0.21
EPS Next 2Y4.96%
EPS Next 3Y4.74%
5. Dividend
5.1 Amount
- BEI-UN has a Yearly Dividend Yield of 1.87%.
- Compared to an average industry Dividend Yield of 4.85, BEI-UN's dividend is way lower than its industry peers. On top of this 93.33% of the companies listed in the same industry pay a better dividend than BEI-UN!
- BEI-UN's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- On average, the dividend of BEI-UN grows each year by 6.64%, which is quite nice.
- BEI-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- BEI-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.64%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- 24.03% of the earnings are spent on dividend by BEI-UN. This is a low number and sustainable payout ratio.
- BEI-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.03%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
BOARDWALK REAL ESTATE INVEST / BEI-UN.CA 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.
How profitable is BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) has a profitability rating of 8 / 10.
What are the PE and PB ratios of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
The Price/Earnings (PE) ratio for BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 15.13 and the Price/Book (PB) ratio is 0.67.
How financially healthy is BOARDWALK REAL ESTATE INVEST?
The financial health rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 3 / 10.