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BSR REAL ESTATE INVESTMENT T (HOM-U.CA) Stock Fundamental Analysis

TSX:HOM-U - Toronto Stock Exchange - CA05585D1033 - REIT - Currency: USD

11.46  -0.18 (-1.55%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to HOM-U. HOM-U was compared to 16 industry peers in the Residential REITs industry. HOM-U may be in some trouble as it scores bad on both profitability and health. HOM-U has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

HOM-U had negative earnings in the past year.
In the past year HOM-U had a positive cash flow from operations.
In multiple years HOM-U reported negative net income over the last 5 years.
Each year in the past 5 years HOM-U had a positive operating cash flow.
HOM-U.CA Yearly Net Income VS EBIT VS OCF VS FCFHOM-U.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M

1.2 Ratios

With a Return On Assets value of -8.36%, HOM-U is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
HOM-U's Return On Equity of -24.04% is on the low side compared to the rest of the industry. HOM-U is outperformed by 81.25% of its industry peers.
HOM-U's Return On Invested Capital of 1.31% is on the low side compared to the rest of the industry. HOM-U is outperformed by 81.25% of its industry peers.
HOM-U had an Average Return On Invested Capital over the past 3 years of 2.24%. This is in line with the industry average of 3.07%.
Industry RankSector Rank
ROA -8.36%
ROE -24.04%
ROIC 1.31%
ROA(3y)4.67%
ROA(5y)2.35%
ROE(3y)12.06%
ROE(5y)5.23%
ROIC(3y)2.24%
ROIC(5y)2.3%
HOM-U.CA Yearly ROA, ROE, ROICHOM-U.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 20 -20 40

1.3 Margins

Looking at the Operating Margin, with a value of 12.96%, HOM-U is doing worse than 87.50% of the companies in the same industry.
HOM-U's Operating Margin has declined in the last couple of years.
The Gross Margin of HOM-U (66.55%) is better than 75.00% of its industry peers.
In the last couple of years the Gross Margin of HOM-U has declined.
Industry RankSector Rank
OM 12.96%
PM (TTM) N/A
GM 66.55%
OM growth 3Y10.68%
OM growth 5Y-23.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.99%
GM growth 5Y-2.92%
HOM-U.CA Yearly Profit, Operating, Gross MarginsHOM-U.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 100 -100 200

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1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HOM-U is destroying value.
HOM-U has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, HOM-U has more shares outstanding
Compared to 1 year ago, HOM-U has a worse debt to assets ratio.
HOM-U.CA Yearly Shares OutstandingHOM-U.CA Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
HOM-U.CA Yearly Total Debt VS Total AssetsHOM-U.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

HOM-U has an Altman-Z score of 0.17. This is a bad value and indicates that HOM-U is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.17, HOM-U is doing worse than 87.50% of the companies in the same industry.
The Debt to FCF ratio of HOM-U is 13.33, which is on the high side as it means it would take HOM-U, 13.33 years of fcf income to pay off all of its debts.
HOM-U has a Debt to FCF ratio (13.33) which is comparable to the rest of the industry.
HOM-U has a Debt/Equity ratio of 0.93. This is a neutral value indicating HOM-U is somewhat dependend on debt financing.
HOM-U has a Debt to Equity ratio of 0.93. This is in the lower half of the industry: HOM-U underperforms 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF 13.33
Altman-Z 0.17
ROIC/WACC0.22
WACC5.88%
HOM-U.CA Yearly LT Debt VS Equity VS FCFHOM-U.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

HOM-U has a Current Ratio of 0.04. This is a bad value and indicates that HOM-U is not financially healthy enough and could expect problems in meeting its short term obligations.
HOM-U's Current ratio of 0.04 is on the low side compared to the rest of the industry. HOM-U is outperformed by 87.50% of its industry peers.
A Quick Ratio of 0.04 indicates that HOM-U may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.04, HOM-U is doing worse than 87.50% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
HOM-U.CA Yearly Current Assets VS Current LiabilitesHOM-U.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 20M 40M 60M

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4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 1.68% over the past year.
HOM-U shows a small growth in Revenue. In the last year, the Revenue has grown by 0.75%.
The Revenue has been growing by 21.22% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%47.5%
Revenue 1Y (TTM)0.75%
Revenue growth 3Y13.99%
Revenue growth 5Y21.22%
Sales Q2Q%0.5%

3.2 Future

The Earnings Per Share is expected to grow by 33.32% on average over the next years. This is a very strong growth
Based on estimates for the next years, HOM-U will show a small growth in Revenue. The Revenue will grow by 3.21% on average per year.
EPS Next Y42.61%
EPS Next 2Y52.8%
EPS Next 3Y33.32%
EPS Next 5YN/A
Revenue Next Year0.62%
Revenue Next 2Y2.54%
Revenue Next 3Y3.21%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
HOM-U.CA Yearly Revenue VS EstimatesHOM-U.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
HOM-U.CA Yearly EPS VS EstimatesHOM-U.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 -2 4

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5

4. Valuation

4.1 Price/Earnings Ratio

HOM-U reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 10.18, the valuation of HOM-U can be described as reasonable.
Based on the Price/Forward Earnings ratio, HOM-U is valued cheaper than 87.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. HOM-U is valued rather cheaply when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 10.18
HOM-U.CA Price Earnings VS Forward Price EarningsHOM-U.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

HOM-U's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, HOM-U is valued a bit cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.17
EV/EBITDA 70.17
HOM-U.CA Per share dataHOM-U.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

HOM-U's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as HOM-U's earnings are expected to grow with 33.32% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y52.8%
EPS Next 3Y33.32%

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5

5. Dividend

5.1 Amount

HOM-U has a Yearly Dividend Yield of 4.87%, which is a nice return.
Compared to an average industry Dividend Yield of 4.91, HOM-U pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, HOM-U pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.87%

5.2 History

HOM-U has been paying a dividend for over 5 years, so it has already some track record.
As HOM-U did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years5
HOM-U.CA Yearly Dividends per shareHOM-U.CA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

HOM-U has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-18.94%
EPS Next 2Y52.8%
EPS Next 3Y33.32%
HOM-U.CA Yearly Income VS Free CF VS DividendHOM-U.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M

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BSR REAL ESTATE INVESTMENT T

TSX:HOM-U (2/21/2025, 7:00:00 PM)

11.46

-0.18 (-1.55%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-07 2024-11-07
Earnings (Next)03-05 2025-03-05/amc
Inst Owners20.25%
Inst Owner ChangeN/A
Ins Owners13.74%
Ins Owner ChangeN/A
Market Cap614.37M
Analysts81.11
Price Target15.94 (39.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.87%
Yearly Dividend0.53
Dividend Growth(5Y)N/A
DP-18.94%
Div Incr Years2
Div Non Decr Years5
Ex-Date01-31 2025-01-31 (0.0467)
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)-3.76%
PT rev (3m)-3.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-230%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.19%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 10.18
P/S 2.57
P/FCF 5.17
P/OCF 5.17
P/B 0.7
P/tB 0.7
EV/EBITDA 70.17
EPS(TTM)-3.88
EYN/A
EPS(NY)1.13
Fwd EY9.82%
FCF(TTM)2.22
FCFY19.34%
OCF(TTM)2.22
OCFY19.34%
SpS4.46
BVpS16.48
TBVpS16.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.36%
ROE -24.04%
ROCE 1.82%
ROIC 1.31%
ROICexc 1.31%
ROICexgc 1.31%
OM 12.96%
PM (TTM) N/A
GM 66.55%
FCFM 49.65%
ROA(3y)4.67%
ROA(5y)2.35%
ROE(3y)12.06%
ROE(5y)5.23%
ROIC(3y)2.24%
ROIC(5y)2.3%
ROICexc(3y)2.25%
ROICexc(5y)2.33%
ROICexgc(3y)2.25%
ROICexgc(5y)2.33%
ROCE(3y)3.11%
ROCE(5y)3.2%
ROICexcg growth 3Y5.67%
ROICexcg growth 5Y-18.82%
ROICexc growth 3Y5.67%
ROICexc growth 5Y-18.82%
OM growth 3Y10.68%
OM growth 5Y-23.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.99%
GM growth 5Y-2.92%
F-Score5
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.93
Debt/FCF 13.33
Debt/EBITDA 26.27
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 0.5
Cash Conversion 380.68%
Profit Quality N/A
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z 0.17
F-Score5
WACC5.88%
ROIC/WACC0.22
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.68%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%47.5%
EPS Next Y42.61%
EPS Next 2Y52.8%
EPS Next 3Y33.32%
EPS Next 5YN/A
Revenue 1Y (TTM)0.75%
Revenue growth 3Y13.99%
Revenue growth 5Y21.22%
Sales Q2Q%0.5%
Revenue Next Year0.62%
Revenue Next 2Y2.54%
Revenue Next 3Y3.21%
Revenue Next 5YN/A
EBIT growth 1Y-70.12%
EBIT growth 3Y26.16%
EBIT growth 5Y-7.2%
EBIT Next Year-12.43%
EBIT Next 3Y-1.35%
EBIT Next 5YN/A
FCF growth 1Y5.29%
FCF growth 3Y17.43%
FCF growth 5Y21.93%
OCF growth 1Y5.29%
OCF growth 3Y17.43%
OCF growth 5Y21.93%