BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BEI-UN - CA0966311064 - REIT
64.48 CAD
+0.83 (+1.3%)
Overall BEI-UN gets a fundamental rating of 5 out of 10. We evaluated BEI-UN 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.
In the past year BEI-UN had a positive cash flow from operations.
Of the past 5 years BEI-UN 4 years were profitable.
BEI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.46%, BEI-UN is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
BEI-UN has a better Return On Equity (6.26%) than 71.43% of its industry peers.
The Return On Invested Capital of BEI-UN (3.21%) is better than 85.71% 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 3.07%.
The 3 year average ROIC (2.86%) for BEI-UN is below the current ROIC(3.21%), indicating increased profibility in the last year.
| 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 Profit Margin of 49.84%. This is in the better half 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 of 55.29%. This is in the better half of the industry: BEI-UN outperforms 71.43% of its industry peers.
In the last couple of years the Operating Margin of BEI-UN has grown nicely.
With an excellent Gross Margin value of 73.60%, BEI-UN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
BEI-UN's Gross Margin has improved in the last couple of years.
| 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.
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
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.
With an excellent Altman-Z score value of 1.21, BEI-UN belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
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 50.00% of the companies in the same industry.
A Debt/Equity ratio of 0.55 indicates that BEI-UN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.55, BEI-UN belongs to the top 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 | 1.21 |
ROIC/WACC0.58
WACC5.52%
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 in line compared to the rest of the industry. BEI-UN outperforms 42.86% of its industry peers.
A Quick Ratio of 0.10 indicates that BEI-UN may have some problems paying its short term obligations.
BEI-UN has a Quick ratio (0.10) which is comparable to the rest of the industry.
| 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.
The Earnings Per Share has been growing by 70.76% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 6.52% in the past year.
The Revenue has been growing slightly by 5.79% on average over the past years.
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.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 14.17 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.
Compared to an average S&P500 Price/Earnings ratio of 26.50, BEI-UN is valued a bit cheaper.
BEI-UN is valuated correctly with a Price/Forward Earnings ratio of 13.76.
Based on the Price/Forward Earnings ratio, BEI-UN is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
BEI-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.93, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 13.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BEI-UN is valued cheaper than 92.86% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BEI-UN is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.81 | ||
| EV/EBITDA | 18.52 |
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.
BEI-UN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.28
PEG (5Y)0.2
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 4.76. 92.86% of the companies listed in the same industry pay a better dividend than BEI-UN!
Compared to an average S&P500 Dividend Yield of 1.87, BEI-UN has a dividend comparable with the average S&P500 company.
| 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 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
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 (12/22/2025, 7:00:00 PM)
64.48
+0.83 (+1.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.74%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.16B
Revenue(TTM)629.35M
Net Income(TTM)313.66M
Analysts77.14
Price Target82.47 (27.9%)
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)-3.92%
PT rev (3m)-4.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-7.21%
EPS NY rev (3m)-7.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.17 | ||
| Fwd PE | 13.76 | ||
| P/S | 5.02 | ||
| P/FCF | 12.81 | ||
| P/OCF | 12.64 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 18.52 |
EPS(TTM)4.55
EY7.06%
EPS(NY)4.69
Fwd EY7.27%
FCF(TTM)5.03
FCFY7.81%
OCF(TTM)5.1
OCFY7.91%
SpS12.84
BVpS102.26
TBVpS102.26
PEG (NY)0.28
PEG (5Y)0.2
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 | 1.21 |
F-Score5
WACC5.52%
ROIC/WACC0.58
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 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 8 / 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 49.82% 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 5 / 10 and the dividend payout ratio is 24.03%.