BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTB-UN - CA11777P3007 - REIT
4.16 CAD
+0.03 (+0.73%)
Overall BTB-UN gets a fundamental rating of 5 out of 10. We evaluated BTB-UN against 37 industry peers in the Diversified REITs industry. BTB-UN scores excellent on profitability, but there are concerns on its financial health. BTB-UN is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BTB-UN was profitable.
BTB-UN had a positive operating cash flow in the past year.
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's Return On Assets of 3.37% is amongst the best of the industry. BTB-UN outperforms 94.59% of its industry peers.
Looking at the Return On Equity, with a value of 8.49%, BTB-UN belongs to the top of the industry, outperforming 91.89% of the companies in the same industry.
BTB-UN's Return On Invested Capital of 4.43% is fine compared to the rest of the industry. BTB-UN outperforms 72.97% 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 5.57%.
The last Return On Invested Capital (4.43%) for BTB-UN is above the 3 year average (4.42%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
BTB-UN's Profit Margin of 32.42% is fine compared to the rest of the industry. BTB-UN outperforms 75.68% of its industry peers.
In the last couple of years the Profit Margin of BTB-UN has declined.
BTB-UN has a better Operating Margin (58.11%) than 67.57% 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's Gross Margin of 80.30% is amongst the best of the industry. BTB-UN outperforms 91.89% of its industry peers.
BTB-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BTB-UN is destroying value.
BTB-UN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BTB-UN has been increased compared to 5 years ago.
BTB-UN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.25, we must say that BTB-UN is in the distress zone and has some risk of bankruptcy.
BTB-UN's Altman-Z score of 0.25 is on the low side compared to the rest of the industry. BTB-UN is outperformed by 62.16% of its industry peers.
The Debt to FCF ratio of BTB-UN is 10.59, which is on the high side as it means it would take BTB-UN, 10.59 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 10.59, BTB-UN belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
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 Debt to Equity ratio of 1.45. This is in the lower half of the industry: BTB-UN underperforms 62.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 10.59 | ||
| Altman-Z | 0.25 |
ROIC/WACC0.8
WACC5.56%
2.3 Liquidity
A Current Ratio of 0.35 indicates that BTB-UN may have some problems paying its short term obligations.
With a decent Current ratio value of 0.35, BTB-UN is doing good in the industry, outperforming 67.57% 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.
BTB-UN has a Quick ratio of 0.35. This is in the better half of the industry: BTB-UN outperforms 72.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
BTB-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.16%, which is quite impressive.
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
The Earnings Per Share is expected to grow by 5.90% 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 2.78% on average per year.
EPS Next Y9.38%
EPS Next 2Y6.07%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue Next Year3.51%
Revenue Next 2Y1.95%
Revenue Next 3Y2.78%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.85, the valuation of BTB-UN can be described as reasonable.
97.30% of the companies in the same industry are more expensive than BTB-UN, based on the Price/Earnings ratio.
BTB-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
BTB-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.44.
BTB-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. BTB-UN is cheaper than 81.08% of the companies in the same industry.
BTB-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.85 | ||
| Fwd PE | 11.44 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTB-UN indicates a rather cheap valuation: BTB-UN is cheaper than 86.49% of the companies listed in the same industry.
89.19% 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 | 5.37 | ||
| EV/EBITDA | 13.85 |
4.3 Compensation for Growth
BTB-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of BTB-UN may justify a higher PE ratio.
PEG (NY)0.94
PEG (5Y)N/A
EPS Next 2Y6.07%
EPS Next 3Y5.9%
5. Dividend
5.1 Amount
BTB-UN has a Yearly Dividend Yield of 9.04%, which is a nice return.
Compared to an average industry Dividend Yield of 7.04, BTB-UN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.92, BTB-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
5.2 History
The dividend of BTB-UN decreases each year by -6.72%.
BTB-UN has been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
59.75% of the earnings are spent on dividend by BTB-UN. This is a bit on the high side, but may be sustainable.
DP59.75%
EPS Next 2Y6.07%
EPS Next 3Y5.9%
TSX:BTB-UN (1/9/2026, 7:00:00 PM)
4.16
+0.03 (+0.73%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.68%
Inst Owner ChangeN/A
Ins Owners1.92%
Ins Owner ChangeN/A
Market Cap367.04M
Revenue(TTM)130.47M
Net Income(TTM)42.30M
Analysts72.5
Price Target4.07 (-2.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
Yearly Dividend0.26
Dividend Growth(5Y)-6.72%
DP59.75%
Div Incr Years1
Div Non Decr Years3
Ex-DateN/A
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%
PT rev (3m)7.77%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.85 | ||
| Fwd PE | 11.44 | ||
| P/S | 2.81 | ||
| P/FCF | 5.37 | ||
| P/OCF | 5.36 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 13.85 |
EPS(TTM)0.47
EY11.3%
EPS(NY)0.36
Fwd EY8.74%
FCF(TTM)0.78
FCFY18.63%
OCF(TTM)0.78
OCFY18.67%
SpS1.48
BVpS5.65
TBVpS5.65
PEG (NY)0.94
PEG (5Y)N/A
Graham Number7.73
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.25 |
F-Score6
WACC5.56%
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 3Y5.9%
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 2Y1.95%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
EBIT growth 1Y0.27%
EBIT growth 3Y10.03%
EBIT growth 5Y8.08%
EBIT Next Year-10.13%
EBIT Next 3Y-2.44%
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 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 8.85 and the Price/Book (PB) ratio is 0.74.
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.