BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Fundamental Analysis & Valuation
TSX:BTB-UN • CA11777P3007
Current stock price
This BTB-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. BTB-UN.CA Profitability Analysis
1.1 Basic Checks
- BTB-UN had positive earnings in the past year.
- BTB-UN had a positive operating cash flow in the past year.
- In the past 5 years BTB-UN has always been profitable.
- In the past 5 years BTB-UN always reported a positive cash flow from operatings.
1.2 Ratios
- BTB-UN has a better Return On Assets (1.80%) than 66.67% of its industry peers.
- The Return On Equity of BTB-UN (4.56%) is better than 63.64% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.42%, BTB-UN is in line with its industry, outperforming 54.55% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for BTB-UN is in line with the industry average of 5.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 4.56% | ||
| ROIC | 4.42% |
1.3 Margins
- Looking at the Profit Margin, with a value of 17.19%, BTB-UN is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
- BTB-UN's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 57.67%, BTB-UN is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
- In the last couple of years the Operating Margin of BTB-UN has remained more or less at the same level.
- With an excellent Gross Margin value of 79.65%, BTB-UN belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
- In the last couple of years the Gross Margin of BTB-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.67% | ||
| PM (TTM) | 17.19% | ||
| GM | 79.65% |
2. BTB-UN.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BTB-UN is destroying value.
- Compared to 1 year ago, BTB-UN has more shares outstanding
- Compared to 5 years ago, BTB-UN has more shares outstanding
- Compared to 1 year ago, BTB-UN has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.22, we must say that BTB-UN is in the distress zone and has some risk of bankruptcy.
- BTB-UN's Altman-Z score of 0.22 is on the low side compared to the rest of the industry. BTB-UN is outperformed by 63.64% of its industry peers.
- BTB-UN has a debt to FCF ratio of 10.22. This is a negative value and a sign of low solvency as BTB-UN would need 10.22 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 10.22, BTB-UN is in the better half of the industry, outperforming 75.76% of the companies in the same industry.
- BTB-UN has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
- The Debt to Equity ratio of BTB-UN (1.47) is worse than 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 10.22 | ||
| Altman-Z | 0.22 |
2.3 Liquidity
- A Current Ratio of 0.27 indicates that BTB-UN may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.27, BTB-UN is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
- A Quick Ratio of 0.27 indicates that BTB-UN may have some problems paying its short term obligations.
- BTB-UN has a Quick ratio of 0.27. This is in the better half of the industry: BTB-UN outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. BTB-UN.CA Growth Analysis
3.1 Past
- The earnings per share for BTB-UN have decreased strongly by -41.72% in the last year.
- The Earnings Per Share has been growing by 38.17% on average over the past years. This is a very strong growth
- Looking at the last year, BTB-UN shows a small growth in Revenue. The Revenue has grown by 0.08% in the last year.
- BTB-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.96% yearly.
3.2 Future
- BTB-UN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.44% yearly.
- The Revenue is expected to grow by 0.54% on average over the next years.
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. BTB-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.68, BTB-UN is valued correctly.
- BTB-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. BTB-UN is cheaper than 72.73% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.78. BTB-UN is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 12.13, the valuation of BTB-UN can be described as correct.
- BTB-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BTB-UN is cheaper than 78.79% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 23.54. BTB-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 12.13 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BTB-UN is valued cheaply inside the industry as 93.94% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of BTB-UN indicates a rather cheap valuation: BTB-UN is cheaper than 87.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.91 | ||
| EV/EBITDA | 13.65 |
4.3 Compensation for Growth
- BTB-UN has a very decent profitability rating, which may justify a higher PE ratio.
5. BTB-UN.CA Dividend Analysis
5.1 Amount
- BTB-UN has a Yearly Dividend Yield of 9.04%, which is a nice return.
- BTB-UN's Dividend Yield is rather good when compared to the industry average which is at 6.41. BTB-UN pays more dividend than 84.85% of the companies in the same industry.
- BTB-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
5.2 History
- The dividend of BTB-UN decreases each year by -0.58%.
- BTB-UN has paid a dividend for at least 10 years, which is a reliable track record.
5.3 Sustainability
- BTB-UN pays out 115.75% of its income as dividend. This is not a sustainable payout ratio.
- The Dividend Rate of BTB-UN has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
BTB-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BTB-UN (4/10/2026, 7:00:00 PM)
3.92
+0.03 (+0.77%)
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.68 | ||
| Fwd PE | 12.13 | ||
| P/S | 2.66 | ||
| P/FCF | 4.91 | ||
| P/OCF | 4.9 | ||
| P/B | 0.7 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 13.65 |
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 4.56% | ||
| ROCE | 6.32% | ||
| ROIC | 4.42% | ||
| ROICexc | 4.44% | ||
| ROICexgc | 4.44% | ||
| OM | 57.67% | ||
| PM (TTM) | 17.19% | ||
| GM | 79.65% | ||
| FCFM | 54.12% |
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 10.22 | ||
| Debt/EBITDA | 9.58 | ||
| Cap/Depr | 119.86% | ||
| Cap/Sales | 0.13% | ||
| Interest Coverage | 2.27 | ||
| Cash Conversion | 93.89% | ||
| Profit Quality | 314.85% | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.22 |
BTB REAL ESTATE INVESTMENT T / BTB-UN.CA Fundamental Analysis FAQ
What is the ChartMill fundamental rating of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to BTB-UN.CA.
What is the valuation status of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
ChartMill assigns a valuation rating of 6 / 10 to BTB REAL ESTATE INVESTMENT T (BTB-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for BTB REAL ESTATE INVESTMENT T?
BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for BTB-UN stock?
The Price/Earnings (PE) ratio for BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is 15.68 and the Price/Book (PB) ratio is 0.7.
Is the dividend of BTB REAL ESTATE INVESTMENT T sustainable?
The dividend rating of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is 5 / 10 and the dividend payout ratio is 115.75%.