BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - TSX:BEI-UN - CA0966311064 - REIT
63.87 CAD
-0.8 (-1.24%)
BEI-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Residential REITs industry. BEI-UN scores excellent on profitability, but there are concerns on its financial health. BEI-UN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BEI-UN was profitable.
BEI-UN had a positive operating cash flow in the past year.
BEI-UN had positive earnings in 4 of the past 5 years.
In the past 5 years BEI-UN always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.78%, BEI-UN is doing good in the industry, outperforming 78.57% of the companies in the same industry.
With a decent Return On Equity value of 6.64%, BEI-UN is doing good in the industry, outperforming 78.57% of the companies in the same industry.
BEI-UN has a better Return On Invested Capital (3.23%) than 71.43% of its industry peers.
BEI-UN had an Average Return On Invested Capital over the past 3 years of 2.86%. This is in line with the industry average of 3.22%.
The last Return On Invested Capital (3.23%) for BEI-UN is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.78% | ||
| ROE | 6.64% | ||
| ROIC | 3.23% |
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's Profit Margin of 53.28% is fine compared to the rest of the industry. BEI-UN outperforms 78.57% of its industry peers.
In the last couple of years the Profit Margin of BEI-UN has grown nicely.
BEI-UN has a Operating Margin (54.66%) which is in line with its industry peers.
BEI-UN's Operating Margin has improved in the last couple of years.
BEI-UN has a Gross Margin of 73.22%. This is amongst the best in the industry. BEI-UN outperforms 85.71% of its industry peers.
In the last couple of years the Gross Margin of BEI-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.66% | ||
| PM (TTM) | 53.28% | ||
| GM | 73.22% |
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
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 remains at a similar level compared to 1 year ago.
BEI-UN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BEI-UN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that BEI-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BEI-UN (1.29) is better than 100.00% of its industry peers.
BEI-UN has a debt to FCF ratio of 14.46. This is a negative value and a sign of low solvency as BEI-UN would need 14.46 years to pay back of all of its debts.
BEI-UN has a worse Debt to FCF ratio (14.46) than 64.29% of its industry peers.
BEI-UN has a Debt/Equity ratio of 0.52. This is a neutral value indicating BEI-UN is somewhat dependend on debt financing.
BEI-UN has a better Debt to Equity ratio (0.52) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 14.46 | ||
| Altman-Z | 1.29 |
ROIC/WACC0.6
WACC5.43%
2.3 Liquidity
BEI-UN has a Current Ratio of 0.22. 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 has a Current ratio (0.22) which is comparable to the rest of the industry.
A Quick Ratio of 0.21 indicates that BEI-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.21, BEI-UN is in line with its industry, outperforming 42.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.48% 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.
BEI-UN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.12%.
Measured over the past years, BEI-UN shows a small growth in Revenue. The Revenue has been growing by 5.79% on average per year.
EPS 1Y (TTM)11.48%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%9.91%
Revenue 1Y (TTM)8.12%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%3.77%
3.2 Future
Based on estimates for the next years, BEI-UN will show a small growth in Earnings Per Share. The EPS will grow by 4.16% on average per year.
Based on estimates for the next years, BEI-UN will show a small growth in Revenue. The Revenue will grow by 4.19% on average per year.
EPS Next Y61.46%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue Next Year3.52%
Revenue Next 2Y4.04%
Revenue Next 3Y4.19%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.45, BEI-UN is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of BEI-UN is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.51, BEI-UN is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 13.87, the valuation of BEI-UN can be described as correct.
BEI-UN's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.53. BEI-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.45 | ||
| Fwd PE | 13.87 |
4.2 Price Multiples
BEI-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BEI-UN is cheaper than 100.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BEI-UN is valued a bit more expensive than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.8 | ||
| EV/EBITDA | 18.35 |
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.
BEI-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.24
PEG (5Y)0.2
EPS Next 2Y4.05%
EPS Next 3Y4.16%
5. Dividend
5.1 Amount
BEI-UN has a Yearly Dividend Yield of 1.87%.
Compared to an average industry Dividend Yield of 4.43, BEI-UN's dividend is way lower than its industry peers. On top of this 92.86% of the companies listed in the same industry pay a better dividend than BEI-UN!
BEI-UN's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| 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 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)6.64%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
22.05% 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.
DP22.05%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
TSX:BEI-UN (11/3/2025, 7:00:00 PM)
63.87
-0.8 (-1.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.7%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.14B
Revenue(TTM)621.99M
Net Income(TTM)331.40M
Analysts77.14
Price Target85.83 (34.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend1.26
Dividend Growth(5Y)6.64%
DP22.05%
Div Incr Years3
Div Non Decr Years3
Ex-Date
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)-0.36%
PT rev (3m)3.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)58.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.45 | ||
| Fwd PE | 13.87 | ||
| P/S | 5.04 | ||
| P/FCF | 13.8 | ||
| P/OCF | 13.5 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 18.35 |
EPS(TTM)4.42
EY6.92%
EPS(NY)4.61
Fwd EY7.21%
FCF(TTM)4.63
FCFY7.25%
OCF(TTM)4.73
OCFY7.41%
SpS12.66
BVpS101.61
TBVpS101.61
PEG (NY)0.24
PEG (5Y)0.2
Graham Number100.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.78% | ||
| ROE | 6.64% | ||
| ROCE | 4.49% | ||
| ROIC | 3.23% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.24% | ||
| OM | 54.66% | ||
| PM (TTM) | 53.28% | ||
| GM | 73.22% | ||
| FCFM | 36.55% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
ROICexc(3y)2.93%
ROICexc(5y)2.89%
ROICexgc(3y)2.93%
ROICexgc(5y)2.89%
ROCE(3y)3.98%
ROCE(5y)3.95%
ROICexgc growth 3Y4.08%
ROICexgc growth 5Y3.76%
ROICexc growth 3Y4.08%
ROICexc growth 5Y3.76%
OM growth 3Y3.04%
OM growth 5Y3.17%
PM growth 3Y0.93%
PM growth 5Y66.4%
GM growth 3Y1.76%
GM growth 5Y1.52%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 14.46 | ||
| Debt/EBITDA | 7.41 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.94 | ||
| Cash Conversion | 66.66% | ||
| Profit Quality | 68.6% | ||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 1.29 |
F-Score5
WACC5.43%
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)41.46%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.48%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%9.91%
EPS Next Y61.46%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue 1Y (TTM)8.12%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%3.77%
Revenue Next Year3.52%
Revenue Next 2Y4.04%
Revenue Next 3Y4.19%
Revenue Next 5YN/A
EBIT growth 1Y12.31%
EBIT growth 3Y11.94%
EBIT growth 5Y9.14%
EBIT Next Year13.28%
EBIT Next 3Y7.59%
EBIT Next 5YN/A
FCF growth 1Y33.25%
FCF growth 3Y12.78%
FCF growth 5Y8.4%
OCF growth 1Y33.65%
OCF growth 3Y14.22%
OCF growth 5Y8.46%
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 for BEI-UN 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 7 / 10.
What is the earnings growth outlook for BOARDWALK REAL ESTATE INVEST?
The Earnings per Share (EPS) of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is expected to grow by 61.46% in the next year.
Can you provide the dividend sustainability for BEI-UN stock?
The dividend rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 4 / 10 and the dividend payout ratio is 22.05%.