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
- In the past year BTB-UN was profitable.
- In the past year BTB-UN had a positive cash flow from operations.
- In the past 5 years BTB-UN has always been profitable.
- BTB-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BTB-UN has a Return On Assets of 1.80%. This is in the better half of the industry: BTB-UN outperforms 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 57.58% of the companies in the same industry.
- BTB-UN had an Average Return On Invested Capital over the past 3 years of 4.43%. This 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
- BTB-UN's Profit Margin of 17.19% is fine compared to the rest of the industry. BTB-UN outperforms 60.61% of its industry peers.
- In the last couple of years the Profit Margin of BTB-UN has grown nicely.
- BTB-UN has a better Operating Margin (57.67%) than 63.64% 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.
- BTB-UN has a Gross Margin of 79.65%. This is amongst the best in the industry. BTB-UN outperforms 90.91% of its industry peers.
- 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
- BTB-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for BTB-UN has been increased compared to 1 year ago.
- The number of shares outstanding for BTB-UN has been increased compared to 5 years ago.
- The debt/assets ratio for BTB-UN has been reduced compared to a year ago.
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.
- The Altman-Z score of BTB-UN (0.22) is worse than 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.
- With a decent Debt to FCF ratio value of 10.22, BTB-UN is doing good in the industry, outperforming 72.73% 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 69.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 10.22 | ||
| Altman-Z | 0.22 |
2.3 Liquidity
- BTB-UN has a Current Ratio of 0.27. 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.
- With a decent Current ratio value of 0.27, BTB-UN is doing good in the industry, outperforming 60.61% of the companies in the same industry.
- BTB-UN has a Quick Ratio of 0.27. 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.
- BTB-UN has a better Quick ratio (0.27) than 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.
- Measured over the past years, BTB-UN shows a very strong growth in Earnings Per Share. The EPS has been growing by 38.17% on average per year.
- The Revenue has been growing slightly by 0.08% in the past year.
- Measured over the past years, BTB-UN shows a small growth in Revenue. The Revenue has been growing by 6.96% on average per year.
3.2 Future
- The Earnings Per Share is expected to grow by 2.82% on average over the next years.
- Based on estimates for the next years, BTB-UN will show a small growth in Revenue. The Revenue will grow by 0.54% on average per year.
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. BTB-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.40, BTB-UN is valued correctly.
- Compared to the rest of the industry, the Price/Earnings ratio of BTB-UN indicates a somewhat cheap valuation: BTB-UN is cheaper than 69.70% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of BTB-UN to the average of the S&P500 Index (26.21), we can say BTB-UN is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 10.59, the valuation of BTB-UN can be described as reasonable.
- BTB-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. BTB-UN is cheaper than 87.88% of the companies in the same industry.
- BTB-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.4 | ||
| Fwd PE | 10.59 |
4.2 Price Multiples
- 90.91% of the companies in the same industry are more expensive than BTB-UN, based on the Enterprise Value to EBITDA ratio.
- 87.88% of the companies in the same industry are more expensive than BTB-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.82 | ||
| EV/EBITDA | 13.54 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BTB-UN does not grow enough to justify the current Price/Earnings ratio.
- The decent profitability rating of BTB-UN may justify a higher PE ratio.
5. BTB-UN.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 9.04%, BTB-UN is a good candidate for dividend investing.
- 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 1.89.
| 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.
BTB-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BTB-UN (4/6/2026, 7:00:00 PM)
3.85
+0.02 (+0.52%)
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.4 | ||
| Fwd PE | 10.59 | ||
| P/S | 2.61 | ||
| P/FCF | 4.82 | ||
| P/OCF | 4.81 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 13.54 |
| 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 15.4 and the Price/Book (PB) ratio is 0.69.
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%.