BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - TSX:BEI-UN - CA0966311064 - REIT
64.26 CAD
+0.5 (+0.78%)
Overall BEI-UN gets a fundamental rating of 5 out of 10. We evaluated BEI-UN against 17 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.
Of the past 5 years BEI-UN 4 years were profitable.
Each year in the past 5 years BEI-UN had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 3.46%, BEI-UN belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
BEI-UN has a better Return On Equity (6.26%) than 76.47% of its industry peers.
BEI-UN has a Return On Invested Capital of 3.21%. This is in the better half of the industry: BEI-UN outperforms 76.47% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BEI-UN is in line with the industry average of 2.95%.
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 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.
In the last couple of years the Operating Margin of BEI-UN has grown nicely.
The Gross Margin of BEI-UN (73.60%) is better than 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.
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.
BEI-UN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.21, we must say that BEI-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BEI-UN (1.21) is better than 94.12% of its industry peers.
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 of 14.67. This is comparable to the rest of the industry: BEI-UN outperforms 47.06% of its industry peers.
A Debt/Equity ratio of 0.55 indicates that BEI-UN is somewhat dependend on debt financing.
BEI-UN has a better Debt to Equity ratio (0.55) than 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.59
WACC5.42%
2.3 Liquidity
BEI-UN has a Current 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 has a Current ratio (0.11) which is comparable to the rest of the industry.
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 of 0.10. This is comparable 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.
BEI-UN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 70.76% yearly.
BEI-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 6.52%.
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 4.16% on average over the next years.
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.
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
Based on the Price/Earnings ratio of 14.12, the valuation of BEI-UN can be described as correct.
BEI-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. BEI-UN is cheaper than 64.71% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.07, BEI-UN is valued a bit cheaper.
With a Price/Forward Earnings ratio of 13.95, BEI-UN is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BEI-UN is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.08, BEI-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.12 | ||
| Fwd PE | 13.95 |
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 94.12% of the companies listed in the same industry.
76.47% 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 | 12.79 | ||
| EV/EBITDA | 18.5 |
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
With a Yearly Dividend Yield of 1.87%, BEI-UN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 4.52, BEI-UN's dividend is way lower than its industry peers. On top of this 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 2.44.
| 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
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 2Y4.05%
EPS Next 3Y4.16%
TSX:BEI-UN (11/20/2025, 7:00:00 PM)
64.26
+0.5 (+0.78%)
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 Cap3.16B
Revenue(TTM)629.35M
Net Income(TTM)313.66M
Analysts77.14
Price Target85.83 (33.57%)
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)-0.36%
PT rev (3m)-0.18%
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 | 14.12 | ||
| Fwd PE | 13.95 | ||
| P/S | 5.02 | ||
| P/FCF | 12.79 | ||
| P/OCF | 12.62 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 18.5 |
EPS(TTM)4.55
EY7.08%
EPS(NY)4.61
Fwd EY7.17%
FCF(TTM)5.02
FCFY7.82%
OCF(TTM)5.09
OCFY7.92%
SpS12.81
BVpS102.05
TBVpS102.05
PEG (NY)0.23
PEG (5Y)0.2
Graham Number102.21
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
WACC5.42%
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 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%.