MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MI-UN - CA60448E1034 - REIT
17.65 CAD
+0.1 (+0.57%)
Taking everything into account, MI-UN scores 5 out of 10 in our fundamental rating. MI-UN was compared to 15 industry peers in the Residential REITs industry. MI-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. MI-UN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- MI-UN had positive earnings in the past year.
- MI-UN had a positive operating cash flow in the past year.
- MI-UN had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years MI-UN had a positive operating cash flow.
1.2 Ratios
- MI-UN has a better Return On Assets (2.87%) than 73.33% of its industry peers.
- Looking at the Return On Equity, with a value of 7.22%, MI-UN is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
- MI-UN has a Return On Invested Capital of 2.85%. This is comparable to the rest of the industry: MI-UN outperforms 60.00% of its industry peers.
- MI-UN had an Average Return On Invested Capital over the past 3 years of 2.62%. This is in line with the industry average of 2.87%.
- The last Return On Invested Capital (2.85%) for MI-UN is above the 3 year average (2.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.87% | ||
| ROE | 7.22% | ||
| ROIC | 2.85% |
ROA(3y)2.11%
ROA(5y)3.67%
ROE(3y)4.47%
ROE(5y)8.77%
ROIC(3y)2.62%
ROIC(5y)2.55%
1.3 Margins
- Looking at the Profit Margin, with a value of 48.69%, MI-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- In the last couple of years the Profit Margin of MI-UN has grown nicely.
- Looking at the Operating Margin, with a value of 63.34%, MI-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- In the last couple of years the Operating Margin of MI-UN has remained more or less at the same level.
- MI-UN has a Gross Margin of 63.34%. This is in the lower half of the industry: MI-UN underperforms 66.67% of its industry peers.
- In the last couple of years the Gross Margin of MI-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.34% | ||
| PM (TTM) | 48.69% | ||
| GM | 63.34% |
OM growth 3Y1.23%
OM growth 5Y0.48%
PM growth 3Y-19.17%
PM growth 5Y16.06%
GM growth 3Y1.23%
GM growth 5Y0.48%
2. Health
2.1 Basic Checks
- Compared to 1 year ago, MI-UN has less shares outstanding
- MI-UN has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, MI-UN has about the same debt to assets ratio.
2.2 Solvency
- MI-UN has an Altman-Z score of 0.56. This is a bad value and indicates that MI-UN is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of MI-UN (0.56) is comparable to the rest of the industry.
- MI-UN has a debt to FCF ratio of 10.07. This is a negative value and a sign of low solvency as MI-UN would need 10.07 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 10.07, MI-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- MI-UN has a Debt/Equity ratio of 0.86. This is a neutral value indicating MI-UN is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.86, MI-UN is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 10.07 | ||
| Altman-Z | 0.56 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.07 indicates that MI-UN may have some problems paying its short term obligations.
- MI-UN has a worse Current ratio (0.07) than 73.33% of its industry peers.
- MI-UN has a Quick Ratio of 0.07. This is a bad value and indicates that MI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- MI-UN's Quick ratio of 0.07 is on the low side compared to the rest of the industry. MI-UN is outperformed by 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
- MI-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.72%, which is quite impressive.
- MI-UN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.76% yearly.
- The Revenue has decreased by -1.88% in the past year.
- Measured over the past years, MI-UN shows a quite strong growth in Revenue. The Revenue has been growing by 8.51% on average per year.
EPS 1Y (TTM)172.72%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%21.35%
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.92%
3.2 Future
- The Earnings Per Share is expected to grow by 70.43% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 2.67% on average over the next years.
EPS Next Y50%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
EPS Next 5YN/A
Revenue Next Year-1.51%
Revenue Next 2Y2.15%
Revenue Next 3Y2.67%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- Based on the Price/Earnings ratio of 9.19, the valuation of MI-UN can be described as reasonable.
- Compared to the rest of the industry, the Price/Earnings ratio of MI-UN indicates a somewhat cheap valuation: MI-UN is cheaper than 73.33% of the companies listed in the same industry.
- MI-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 30.06, which means the current valuation is very expensive for MI-UN.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MI-UN indicates a slightly more expensive valuation: MI-UN is more expensive than 60.00% of the companies listed in the same industry.
- MI-UN's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.19 | ||
| Fwd PE | 30.06 |
4.2 Price Multiples
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MI-UN indicates a somewhat cheap valuation: MI-UN is cheaper than 80.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.58 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- MI-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- MI-UN has a very decent profitability rating, which may justify a higher PE ratio.
- MI-UN's earnings are expected to grow with 70.43% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)0.39
EPS Next 2Y120.23%
EPS Next 3Y70.43%
5. Dividend
5.1 Amount
- MI-UN has a Yearly Dividend Yield of 3.21%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 4.86, MI-UN is paying slightly less dividend.
- MI-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
5.2 History
- The dividend of MI-UN has a limited annual growth rate of 4.07%.
- MI-UN has been paying a dividend for over 5 years, so it has already some track record.
- As MI-UN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- 52.85% of the earnings are spent on dividend by MI-UN. This is a bit on the high side, but may be sustainable.
- The dividend of MI-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP52.85%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
TSX:MI-UN (1/14/2026, 7:00:00 PM)
17.65
+0.1 (+0.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-04 2025-11-04
Earnings (Next)03-03 2026-03-03
Inst Owners27.17%
Inst Owner ChangeN/A
Ins Owners2.34%
Ins Owner ChangeN/A
Market Cap646.52M
Revenue(TTM)154.98M
Net Income(TTM)75.46M
Analysts77.78
Price Target15.86 (-10.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend1.04
Dividend Growth(5Y)4.07%
DP52.85%
Div Incr Years6
Div Non Decr Years6
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)-0.32%
PT rev (3m)-1.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-117.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.19 | ||
| Fwd PE | 30.06 | ||
| P/S | 4.17 | ||
| P/FCF | 6.58 | ||
| P/OCF | 6.58 | ||
| P/B | 0.62 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.92
EY10.88%
EPS(NY)0.59
Fwd EY3.33%
FCF(TTM)2.68
FCFY15.2%
OCF(TTM)2.68
OCFY15.2%
SpS4.23
BVpS28.54
TBVpS28.54
PEG (NY)0.18
PEG (5Y)0.39
Graham Number35.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.87% | ||
| ROE | 7.22% | ||
| ROCE | 3.96% | ||
| ROIC | 2.85% | ||
| ROICexc | 2.86% | ||
| ROICexgc | 2.86% | ||
| OM | 63.34% | ||
| PM (TTM) | 48.69% | ||
| GM | 63.34% | ||
| FCFM | 63.4% |
ROA(3y)2.11%
ROA(5y)3.67%
ROE(3y)4.47%
ROE(5y)8.77%
ROIC(3y)2.62%
ROIC(5y)2.55%
ROICexc(3y)2.62%
ROICexc(5y)2.55%
ROICexgc(3y)2.62%
ROICexgc(5y)2.55%
ROCE(3y)3.63%
ROCE(5y)3.54%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y3.8%
ROICexc growth 3Y7.04%
ROICexc growth 5Y3.8%
OM growth 3Y1.23%
OM growth 5Y0.48%
PM growth 3Y-19.17%
PM growth 5Y16.06%
GM growth 3Y1.23%
GM growth 5Y0.48%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 10.07 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.4 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 130.21% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.56 |
F-Score4
WACCN/A
ROIC/WACCN/A
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)172.72%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%21.35%
EPS Next Y50%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.92%
Revenue Next Year-1.51%
Revenue Next 2Y2.15%
Revenue Next 3Y2.67%
Revenue Next 5YN/A
EBIT growth 1Y-3.52%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-4.4%
EBIT Next 3Y1.53%
EBIT Next 5YN/A
FCF growth 1Y16.43%
FCF growth 3Y9.95%
FCF growth 5Y12.24%
OCF growth 1Y16.43%
OCF growth 3Y9.95%
OCF growth 5Y12.24%
MINTO APARTMENT REAL ESTATE / MI-UN.CA FAQ
What is the fundamental rating for MI-UN stock?
ChartMill assigns a fundamental rating of 5 / 10 to MI-UN.CA.
What is the valuation status for MI-UN stock?
ChartMill assigns a valuation rating of 5 / 10 to MINTO APARTMENT REAL ESTATE (MI-UN.CA). This can be considered as Fairly Valued.
What is the profitability of MI-UN stock?
MINTO APARTMENT REAL ESTATE (MI-UN.CA) has a profitability rating of 6 / 10.
What is the financial health of MINTO APARTMENT REAL ESTATE (MI-UN.CA) stock?
The financial health rating of MINTO APARTMENT REAL ESTATE (MI-UN.CA) is 2 / 10.
Can you provide the dividend sustainability for MI-UN stock?
The dividend rating of MINTO APARTMENT REAL ESTATE (MI-UN.CA) is 5 / 10 and the dividend payout ratio is 52.85%.