BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BEI-UN - CA0966311064 - REIT
64.15 CAD
-0.11 (-0.17%)
We assign a fundamental rating of 5 out of 10 to BEI-UN. BEI-UN was compared to 16 industry peers in the Residential REITs industry. While BEI-UN has a great profitability rating, there are quite some 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.
Of the past 5 years BEI-UN 4 years were profitable.
In the past 5 years BEI-UN always reported a positive cash flow from operatings.
1.2 Ratios
BEI-UN has a better Return On Assets (3.46%) than 82.35% of its industry peers.
With a decent Return On Equity value of 6.26%, BEI-UN is doing good in the industry, outperforming 76.47% of the companies in the same industry.
BEI-UN's Return On Invested Capital of 3.21% is fine compared to the rest of the industry. BEI-UN outperforms 76.47% 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 3.14%.
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's Profit Margin of 49.84% is amongst the best of the industry. BEI-UN outperforms 82.35% 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 76.47% of its industry peers.
BEI-UN's Operating Margin has improved in the last couple of years.
BEI-UN's Gross Margin of 73.60% is amongst the best of the industry. BEI-UN outperforms 88.24% of its industry peers.
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.
The number of shares outstanding for BEI-UN remains at a similar level compared to 1 year ago.
The number of shares outstanding for BEI-UN has been increased compared to 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 1.21. 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 94.12% of the companies in the same industry.
BEI-UN has a debt to FCF ratio of 14.67. This is a negative value and a sign of low solvency as BEI-UN would need 14.67 years to pay back of all of its debts.
BEI-UN has a Debt to FCF ratio (14.67) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.55 indicates that BEI-UN is somewhat dependend on debt financing.
BEI-UN's Debt to Equity ratio of 0.55 is fine compared to the rest of the industry. BEI-UN outperforms 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.6
WACC5.4%
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 comparable to the rest of the industry.
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.
BEI-UN's Quick ratio of 0.10 is in line compared to the rest of the industry. BEI-UN outperforms 47.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
BEI-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.26%, which is quite good.
The Earnings Per Share has been growing by 70.76% on average over the past years. This is a very strong growth
Looking at the last year, BEI-UN shows a small growth in Revenue. The Revenue has grown by 6.52% in the last 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
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.
The Revenue is expected to grow by 4.19% on average over the next years.
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.
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 14.10 indicates a correct valuation of BEI-UN.
64.71% of the companies in the same industry are more expensive than BEI-UN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.47, BEI-UN is valued a bit cheaper.
BEI-UN is valuated correctly with a Price/Forward Earnings ratio of 13.93.
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 34.42. BEI-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.93 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BEI-UN indicates a rather cheap valuation: BEI-UN is cheaper than 100.00% of the companies listed in the same industry.
BEI-UN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. BEI-UN is more expensive than 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.74 | ||
| EV/EBITDA | 18.47 |
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)0.23
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%.
With a Dividend Yield of 1.87, BEI-UN pays less dividend than the industry average, which is at 4.39. 82.35% 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 2.41.
| 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
BEI-UN pays out 24.03% 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.
DP24.03%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
TSX:BEI-UN (11/21/2025, 7:00:00 PM)
64.15
-0.11 (-0.17%)
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)629.35M
Net Income(TTM)313.66M
Analysts77.14
Price Target83.69 (30.46%)
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)-2.84%
PT rev (3m)-2.67%
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)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.93 | ||
| P/S | 5 | ||
| P/FCF | 12.74 | ||
| P/OCF | 12.57 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 18.47 |
EPS(TTM)4.55
EY7.09%
EPS(NY)4.61
Fwd EY7.18%
FCF(TTM)5.03
FCFY7.85%
OCF(TTM)5.1
OCFY7.95%
SpS12.84
BVpS102.26
TBVpS102.26
PEG (NY)0.23
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
WACC5.4%
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)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
EPS Next Y61.46%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
Revenue Next Year3.52%
Revenue Next 2Y4.04%
Revenue Next 3Y4.19%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y11.94%
EBIT growth 5Y9.14%
EBIT Next Year13.28%
EBIT Next 3Y7.59%
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 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 24.03%.