BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Fundamental Analysis & Valuation

TSX:BTB-UN • CA11777P3007

Current stock price

3.84 CAD
+0.03 (+0.79%)
Last:

This BTB-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

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.
  • BTB-UN had positive earnings in each of the past 5 years.
  • BTB-UN had a positive operating cash flow in each of the past 5 years.
BTB-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFBTB-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

1.2 Ratios

  • BTB-UN has a better Return On Assets (3.37%) than 85.71% of its industry peers.
  • The Return On Equity of BTB-UN (8.49%) is better than 88.57% of its industry peers.
  • BTB-UN's Return On Invested Capital of 4.43% is in line compared to the rest of the industry. BTB-UN outperforms 57.14% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BTB-UN is in line with the industry average of 5.56%.
  • The 3 year average ROIC (4.42%) for BTB-UN is below the current ROIC(4.43%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.37%
ROE 8.49%
ROIC 4.43%
ROA(3y)3.1%
ROA(5y)2.66%
ROE(3y)7.92%
ROE(5y)6.98%
ROIC(3y)4.42%
ROIC(5y)4.2%
BTB-UN.CA Yearly ROA, ROE, ROICBTB-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

  • BTB-UN's Profit Margin of 32.42% is fine compared to the rest of the industry. BTB-UN outperforms 74.29% of its industry peers.
  • In the last couple of years the Profit Margin of BTB-UN has declined.
  • BTB-UN has a Operating Margin of 58.11%. This is in the better half of the industry: BTB-UN outperforms 65.71% of its industry peers.
  • 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 80.30%, BTB-UN belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
  • BTB-UN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 58.11%
PM (TTM) 32.42%
GM 80.3%
OM growth 3Y0.93%
OM growth 5Y1.2%
PM growth 3Y-10.4%
PM growth 5Y-11.68%
GM growth 3Y0.72%
GM growth 5Y0.59%
BTB-UN.CA Yearly Profit, Operating, Gross MarginsBTB-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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2

2. BTB-UN.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
  • The debt/assets ratio for BTB-UN has been reduced compared to a year ago.
BTB-UN.CA Yearly Shares OutstandingBTB-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
BTB-UN.CA Yearly Total Debt VS Total AssetsBTB-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • BTB-UN has an Altman-Z score of 0.23. This is a bad value and indicates that BTB-UN is not financially healthy and even has some risk of bankruptcy.
  • BTB-UN has a Altman-Z score of 0.23. This is in the lower half of the industry: BTB-UN underperforms 62.86% of its industry peers.
  • BTB-UN has a debt to FCF ratio of 10.59. This is a negative value and a sign of low solvency as BTB-UN would need 10.59 years to pay back of all of its debts.
  • The Debt to FCF ratio of BTB-UN (10.59) is better than 71.43% of its industry peers.
  • A Debt/Equity ratio of 1.45 is on the high side and indicates that BTB-UN has dependencies on debt financing.
  • BTB-UN has a worse Debt to Equity ratio (1.45) than 68.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 10.59
Altman-Z 0.23
ROIC/WACC0.8
WACC5.55%
BTB-UN.CA Yearly LT Debt VS Equity VS FCFBTB-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.3 Liquidity

  • BTB-UN has a Current Ratio of 0.35. This is a bad value and indicates that BTB-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.35, BTB-UN is in the better half of the industry, outperforming 65.71% of the companies in the same industry.
  • A Quick Ratio of 0.35 indicates that BTB-UN may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.35, BTB-UN is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35
BTB-UN.CA Yearly Current Assets VS Current LiabilitesBTB-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BTB-UN.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 95.16% over the past year.
  • Measured over the past years, BTB-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.94% on average per year.
  • Looking at the last year, BTB-UN shows a small growth in Revenue. The Revenue has grown by 0.92% in the last year.
  • The Revenue has been growing slightly by 6.80% on average over the past years.
EPS 1Y (TTM)95.16%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%78%
Revenue 1Y (TTM)0.92%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%1.14%

3.2 Future

  • BTB-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.96% yearly.
  • Based on estimates for the next years, BTB-UN will show a small growth in Revenue. The Revenue will grow by 2.27% on average per year.
EPS Next Y9.38%
EPS Next 2Y6.07%
EPS Next 3Y4.96%
EPS Next 5YN/A
Revenue Next Year3.51%
Revenue Next 2Y2.09%
Revenue Next 3Y2.27%
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 accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BTB-UN.CA Yearly Revenue VS EstimatesBTB-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
BTB-UN.CA Yearly EPS VS EstimatesBTB-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3 0.4 0.5

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8

4. BTB-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.17, the valuation of BTB-UN can be described as very reasonable.
  • Based on the Price/Earnings ratio, BTB-UN is valued cheaper than 97.14% of the companies in the same industry.
  • BTB-UN is valuated cheaply when we compare the Price/Earnings ratio to 25.79, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 10.56, the valuation of BTB-UN can be described as very reasonable.
  • 88.57% of the companies in the same industry are more expensive than BTB-UN, based on the Price/Forward Earnings ratio.
  • BTB-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.80.
Industry RankSector Rank
PE 8.17
Fwd PE 10.56
BTB-UN.CA Price Earnings VS Forward Price EarningsBTB-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BTB-UN is valued cheaper than 88.57% of the companies in the same industry.
  • 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 88.57% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 4.96
EV/EBITDA 13.51
BTB-UN.CA Per share dataBTB-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 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.
  • BTB-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.87
PEG (5Y)N/A
EPS Next 2Y6.07%
EPS Next 3Y4.96%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

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 a higher than the industry average which is at 7.24.
  • BTB-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 9.04%

5.2 History

  • The dividend of BTB-UN decreases each year by -6.72%.
  • BTB-UN has paid a dividend for at least 10 years, which is a reliable track record.
  • BTB-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.72%
Div Incr Years1
Div Non Decr Years3
BTB-UN.CA Yearly Dividends per shareBTB-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • BTB-UN pays out 59.75% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP59.75%
EPS Next 2Y6.07%
EPS Next 3Y4.96%
BTB-UN.CA Yearly Income VS Free CF VS DividendBTB-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
BTB-UN.CA Dividend Payout.BTB-UN.CA Dividend Payout, showing the Payout Ratio.BTB-UN.CA Dividend Payout.PayoutRetained Earnings

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BTB-UN.CA Fundamentals: All Metrics, Ratios and Statistics

BTB REAL ESTATE INVESTMENT T

TSX:BTB-UN (3/18/2026, 7:00:00 PM)

3.84

+0.03 (+0.79%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners0.68%
Inst Owner ChangeN/A
Ins Owners1.97%
Ins Owner ChangeN/A
Market Cap338.96M
Revenue(TTM)130.47M
Net Income(TTM)42.30M
Analysts51.11
Price Target4.14 (7.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 9.04%
Yearly Dividend0.26
Dividend Growth(5Y)-6.72%
DP59.75%
Div Incr Years1
Div Non Decr Years3
Ex-Date02-27
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)1.88%
PT rev (3m)1.88%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 8.17
Fwd PE 10.56
P/S 2.6
P/FCF 4.96
P/OCF 4.95
P/B 0.68
P/tB 0.68
EV/EBITDA 13.51
EPS(TTM)0.47
EY12.24%
EPS(NY)0.36
Fwd EY9.47%
FCF(TTM)0.77
FCFY20.18%
OCF(TTM)0.78
OCFY20.22%
SpS1.48
BVpS5.65
TBVpS5.65
PEG (NY)0.87
PEG (5Y)N/A
Graham Number7.73
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 8.49%
ROCE 6.33%
ROIC 4.43%
ROICexc 4.45%
ROICexgc 4.45%
OM 58.11%
PM (TTM) 32.42%
GM 80.3%
FCFM 52.41%
ROA(3y)3.1%
ROA(5y)2.66%
ROE(3y)7.92%
ROE(5y)6.98%
ROIC(3y)4.42%
ROIC(5y)4.2%
ROICexc(3y)4.43%
ROICexc(5y)4.22%
ROICexgc(3y)4.43%
ROICexgc(5y)4.22%
ROCE(3y)6.3%
ROCE(5y)5.98%
ROICexgc growth 3Y5.92%
ROICexgc growth 5Y1.88%
ROICexc growth 3Y5.92%
ROICexc growth 5Y1.88%
OM growth 3Y0.93%
OM growth 5Y1.2%
PM growth 3Y-10.4%
PM growth 5Y-11.68%
GM growth 3Y0.72%
GM growth 5Y0.59%
F-Score6
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 10.59
Debt/EBITDA 9.54
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.23
Cash Conversion 90.28%
Profit Quality 161.66%
Current Ratio 0.35
Quick Ratio 0.35
Altman-Z 0.23
F-Score6
WACC5.55%
ROIC/WACC0.8
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)179.15%
Profit Quality(5y)449.53%
High Growth Momentum
Growth
EPS 1Y (TTM)95.16%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%78%
EPS Next Y9.38%
EPS Next 2Y6.07%
EPS Next 3Y4.96%
EPS Next 5YN/A
Revenue 1Y (TTM)0.92%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%1.14%
Revenue Next Year3.51%
Revenue Next 2Y2.09%
Revenue Next 3Y2.27%
Revenue Next 5YN/A
EBIT growth 1Y0.27%
EBIT growth 3Y10.03%
EBIT growth 5Y8.08%
EBIT Next Year-10.13%
EBIT Next 3Y-1.96%
EBIT Next 5YN/A
FCF growth 1Y0.1%
FCF growth 3Y5.42%
FCF growth 5Y6.95%
OCF growth 1Y0.41%
OCF growth 3Y5.3%
OCF growth 5Y6.93%

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 5 / 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 8 / 10 to BTB REAL ESTATE INVESTMENT T (BTB-UN.CA). This can be considered as Undervalued.


How profitable is BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?

BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) has a profitability rating of 7 / 10.


What are the PE and PB ratios of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?

The Price/Earnings (PE) ratio for BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is 8.17 and the Price/Book (PB) ratio is 0.68.


What is the expected EPS growth for BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?

The Earnings per Share (EPS) of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is expected to grow by 9.38% in the next year.