KILLAM APARTMENT REAL ESTATE (KMP-UN.CA) Stock Fundamental Analysis
TSX:KMP-UN - Toronto Stock Exchange - CA49410M1023 - REIT - Currency: CAD
Overall KMP-UN gets a fundamental rating of 5 out of 10. We evaluated KMP-UN against 16 industry peers in the Residential REITs industry. While KMP-UN has a great profitability rating, there are quite some concerns on its financial health. KMP-UN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
KMP-UN had positive earnings in the past year.
KMP-UN had a positive operating cash flow in the past year.
KMP-UN had positive earnings in each of the past 5 years.
KMP-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of KMP-UN (12.50%) is better than 100.00% of its industry peers.
KMP-UN's Return On Equity of 24.78% is amongst the best of the industry. KMP-UN outperforms 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.24%, KMP-UN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.5% | ||
| ROE | 24.78% | ||
| ROIC | 3.24% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 183.15%, KMP-UN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Profit Margin of KMP-UN has grown nicely.
KMP-UN has a Operating Margin of 59.93%. This is in the better half of the industry: KMP-UN outperforms 75.00% of its industry peers.
In the last couple of years the Operating Margin of KMP-UN has remained more or less at the same level.
The Gross Margin of KMP-UN (65.95%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of KMP-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 59.93% | ||
| PM (TTM) | 183.15% | ||
| GM | 65.95% |
OM growth 3Y1.79%
OM growth 5Y1.41%
PM growth 3Y23.12%
PM growth 5Y9.37%
GM growth 3Y1.54%
GM growth 5Y0.96%
2. Health
2.1 Basic Checks
KMP-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
KMP-UN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 0.86, we must say that KMP-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of KMP-UN (0.86) is better than 68.75% of its industry peers.
KMP-UN has a debt to FCF ratio of 33.39. This is a negative value and a sign of low solvency as KMP-UN would need 33.39 years to pay back of all of its debts.
The Debt to FCF ratio of KMP-UN (33.39) is worse than 87.50% of its industry peers.
A Debt/Equity ratio of 0.69 indicates that KMP-UN is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.69, KMP-UN is doing good in the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 33.39 | ||
| Altman-Z | 0.86 |
ROIC/WACC0.48
WACC6.8%
2.3 Liquidity
A Current Ratio of 0.07 indicates that KMP-UN may have some problems paying its short term obligations.
KMP-UN has a worse Current ratio (0.07) than 81.25% of its industry peers.
A Quick Ratio of 0.06 indicates that KMP-UN may have some problems paying its short term obligations.
KMP-UN has a worse Quick ratio (0.06) than 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.06 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 147.03% over the past year.
The Earnings Per Share has been growing by 12.88% on average over the past years. This is quite good.
KMP-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 4.74%.
The Revenue has been growing by 8.53% on average over the past years. This is quite good.
EPS 1Y (TTM)147.03%
EPS 3Y28.07%
EPS 5Y12.88%
EPS Q2Q%2940310%
Revenue 1Y (TTM)4.74%
Revenue growth 3Y7.82%
Revenue growth 5Y8.53%
Sales Q2Q%6.59%
3.2 Future
The Earnings Per Share is expected to decrease by -32.75% on average over the next years. This is quite bad
Based on estimates for the next years, KMP-UN will show a small growth in Revenue. The Revenue will grow by 5.54% on average per year.
EPS Next Y-57.24%
EPS Next 2Y-32.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.28%
Revenue Next 2Y5.54%
Revenue Next 3YN/A
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 2.99, the valuation of KMP-UN can be described as very cheap.
Based on the Price/Earnings ratio, KMP-UN is valued cheaper than 100.00% of the companies in the same industry.
KMP-UN is valuated cheaply when we compare the Price/Earnings ratio to 29.62, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.25, the valuation of KMP-UN can be described as correct.
KMP-UN's Price/Forward Earnings ratio is in line with the industry average.
KMP-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | 13.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KMP-UN is valued cheaper than 87.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KMP-UN is valued more expensive than 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.27 | ||
| EV/EBITDA | 18.44 |
4.3 Compensation for Growth
The decent profitability rating of KMP-UN may justify a higher PE ratio.
KMP-UN's earnings are expected to decrease with -32.75% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.23
EPS Next 2Y-32.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.95%, KMP-UN has a reasonable but not impressive dividend return.
KMP-UN's Dividend Yield is comparable with the industry average which is at 4.91.
Compared to an average S&P500 Dividend Yield of 2.27, KMP-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
5.2 History
The dividend of KMP-UN decreases each year by -0.51%.
KMP-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of KMP-UN decreased recently.
Dividend Growth(5Y)-0.51%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
KMP-UN pays out 9.06% of its income as dividend. This is a sustainable payout ratio.
The Dividend Rate of KMP-UN has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP9.06%
EPS Next 2Y-32.75%
EPS Next 3YN/A
TSX:KMP-UN (2/21/2025, 7:00:00 PM)
16.19
-0.03 (-0.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners38.71%
Inst Owner ChangeN/A
Ins Owners1.4%
Ins Owner ChangeN/A
Market Cap1.94B
Analysts81.25
Price Target22.29 (37.68%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
Yearly Dividend0.49
Dividend Growth(5Y)-0.51%
DP9.06%
Div Incr Years0
Div Non Decr Years1
Ex-Date
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)-4.11%
PT rev (3m)-4.72%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-2.42%
EPS NY rev (3m)-3.2%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-1.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.99 | ||
| Fwd PE | 13.25 | ||
| P/S | 5.32 | ||
| P/FCF | 29.27 | ||
| P/OCF | 12.1 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | 18.44 |
EPS(TTM)5.42
EY33.48%
EPS(NY)1.22
Fwd EY7.55%
FCF(TTM)0.55
FCFY3.42%
OCF(TTM)1.34
OCFY8.26%
SpS3.05
BVpS22.51
TBVpS22.51
PEG (NY)N/A
PEG (5Y)0.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.5% | ||
| ROE | 24.78% | ||
| ROCE | 4.58% | ||
| ROIC | 3.24% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.24% | ||
| OM | 59.93% | ||
| PM (TTM) | 183.15% | ||
| GM | 65.95% | ||
| FCFM | 18.16% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y1.79%
OM growth 5Y1.41%
PM growth 3Y23.12%
PM growth 5Y9.37%
GM growth 3Y1.54%
GM growth 5Y0.96%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 33.39 | ||
| Debt/EBITDA | 8.44 | ||
| Cap/Depr | 8817.65% | ||
| Cap/Sales | 25.75% | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 72.92% | ||
| Profit Quality | 9.92% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.06 | ||
| Altman-Z | 0.86 |
F-Score6
WACC6.8%
ROIC/WACC0.48
Cap/Depr(3y)13305%
Cap/Depr(5y)N/A
Cap/Sales(3y)27.52%
Cap/Sales(5y)N/A
Profit Quality(3y)16.36%
Profit Quality(5y)31.2%
High Growth Momentum
Growth
EPS 1Y (TTM)147.03%
EPS 3Y28.07%
EPS 5Y12.88%
EPS Q2Q%2940310%
EPS Next Y-57.24%
EPS Next 2Y-32.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.74%
Revenue growth 3Y7.82%
Revenue growth 5Y8.53%
Sales Q2Q%6.59%
Revenue Next Year5.28%
Revenue Next 2Y5.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.7%
EBIT growth 3Y9.75%
EBIT growth 5Y10.06%
EBIT Next Year11.18%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y60.18%
FCF growth 3Y1.29%
FCF growth 5Y-7%
OCF growth 1Y14.6%
OCF growth 3Y4.45%
OCF growth 5Y10.96%