BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BEI-UN - CA0966311064 - REIT
66.99 CAD
+0.18 (+0.27%)
Overall BEI-UN gets a fundamental rating of 5 out of 10. We evaluated BEI-UN against 15 industry peers in the Residential REITs industry. BEI-UN scores excellent on profitability, but there are concerns on its financial health. BEI-UN has a correct valuation and a medium 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 3.46%, BEI-UN is doing good in the industry, outperforming 80.00% of the companies in the same industry.
The Return On Equity of BEI-UN (6.26%) is better than 73.33% of its industry peers.
BEI-UN has a better Return On Invested Capital (3.21%) than 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
With a decent Profit Margin value of 49.84%, BEI-UN is doing good in the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Profit Margin of BEI-UN has grown nicely.
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.
The Gross Margin of BEI-UN (73.60%) is better than 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.
Compared to 1 year ago, BEI-UN has about the same amount of shares outstanding.
BEI-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BEI-UN has been reduced compared to a year ago.
2.2 Solvency
BEI-UN has an Altman-Z score of 1.23. 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 (1.23) than 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.
Looking at the Debt to FCF ratio, with a value of 14.67, BEI-UN is in line with its industry, outperforming 53.33% of the companies in the same 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 | 1.23 |
ROIC/WACC0.59
WACC5.47%
2.3 Liquidity
A Current Ratio of 0.11 indicates that BEI-UN may have some problems paying its short term obligations.
BEI-UN's Current ratio of 0.11 is on the low side compared to the rest of the industry. BEI-UN is outperformed by 60.00% of its industry peers.
BEI-UN has a Quick Ratio of 0.11. 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.
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.
BEI-UN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 70.76% yearly.
The Revenue has been growing slightly by 6.52% in the past year.
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)11.26%
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
Based on estimates for the next years, BEI-UN will show a small growth in Earnings Per Share. The EPS will grow by 4.74% on average per year.
BEI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.29% yearly.
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.
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 14.72, 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.
When comparing the Price/Earnings ratio of BEI-UN to the average of the S&P500 Index (27.17), we can say BEI-UN is valued slightly cheaper.
With a Price/Forward Earnings ratio of 14.29, BEI-UN is valued correctly.
BEI-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BEI-UN is cheaper than 73.33% of the companies in the same industry.
BEI-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 14.29 |
4.2 Price Multiples
93.33% of the companies in the same industry are more expensive than BEI-UN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BEI-UN indicates a slightly more expensive valuation: BEI-UN is more expensive than 60.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.31 | ||
| EV/EBITDA | 18.86 |
4.3 Compensation for Growth
BEI-UN's 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%.
With a Dividend Yield of 1.87, BEI-UN pays less dividend than the industry average, which is at 4.85. 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 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
The dividend of BEI-UN is nicely growing with an annual growth rate of 6.64%!
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
BEI-UN pays out 24.03% of its income as dividend. This is a 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%
TSX:BEI-UN (1/6/2026, 7:00:00 PM)
66.99
+0.18 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.96%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.28B
Revenue(TTM)629.35M
Net Income(TTM)313.66M
Analysts77.14
Price Target82.47 (23.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend1.26
Dividend Growth(5Y)6.64%
DP24.03%
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)-1.46%
PT rev (3m)-4.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-7.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.72 | ||
| Fwd PE | 14.29 | ||
| P/S | 5.22 | ||
| P/FCF | 13.31 | ||
| P/OCF | 13.13 | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 18.86 |
EPS(TTM)4.55
EY6.79%
EPS(NY)4.69
Fwd EY7%
FCF(TTM)5.03
FCFY7.51%
OCF(TTM)5.1
OCFY7.62%
SpS12.84
BVpS102.26
TBVpS102.26
PEG (NY)0.3
PEG (5Y)0.21
Graham Number102.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 6.26% | ||
| ROCE | 4.51% | ||
| ROIC | 3.21% | ||
| ROICexc | 3.26% | ||
| ROICexgc | 3.26% | ||
| OM | 55.29% | ||
| PM (TTM) | 49.84% | ||
| GM | 73.6% | ||
| FCFM | 39.21% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
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 | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Debt/EBITDA | 7.79 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 70.09% | ||
| Profit Quality | 78.67% | ||
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 1.23 |
F-Score5
WACC5.47%
ROIC/WACC0.59
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)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
EPS Next Y49.82%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
EPS Next 5YN/A
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
Revenue Next Year4.03%
Revenue Next 2Y4.58%
Revenue Next 3Y4.29%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y11.94%
EBIT growth 5Y9.14%
EBIT Next Year14.04%
EBIT Next 3Y8.46%
EBIT Next 5YN/A
FCF growth 1Y33.37%
FCF growth 3Y12.78%
FCF growth 5Y8.4%
OCF growth 1Y33.91%
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 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 14.72 and the Price/Book (PB) ratio is 0.66.
How financially healthy is BOARDWALK REAL ESTATE INVEST?
The financial health rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 3 / 10.