MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
TSX:MI-UN - Toronto Stock Exchange - CA60448E1034 - REIT - Currency: CAD
MI-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 16 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year MI-UN was profitable.
In the past year MI-UN had a positive cash flow from operations.
MI-UN had positive earnings in 4 of the past 5 years.
In the past 5 years MI-UN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MI-UN (3.77%) is better than 75.00% of its industry peers.
MI-UN's Return On Equity of 8.79% is amongst the best of the industry. MI-UN outperforms 81.25% of its industry peers.
With a Return On Invested Capital value of 2.89%, MI-UN is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
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 3.31%.
The last Return On Invested Capital (2.89%) for MI-UN is above the 3 year average (2.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.79% | ||
| ROIC | 2.89% |
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
MI-UN has a Profit Margin of 62.57%. This is in the better half of the industry: MI-UN outperforms 75.00% of its industry peers.
In the last couple of years the Profit Margin of MI-UN has grown nicely.
MI-UN has a better Operating Margin (63.69%) than 81.25% of its industry peers.
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 worse Gross Margin (63.69%) than 62.50% of its industry peers.
MI-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.69% | ||
| PM (TTM) | 62.57% | ||
| GM | 63.69% |
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
Compared to 5 years ago, MI-UN has more shares outstanding
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 0.58. This is a bad value and indicates that MI-UN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.58, MI-UN is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
MI-UN has a debt to FCF ratio of 9.49. This is a negative value and a sign of low solvency as MI-UN would need 9.49 years to pay back of all of its debts.
MI-UN's Debt to FCF ratio of 9.49 is fine compared to the rest of the industry. MI-UN outperforms 62.50% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that MI-UN is somewhat dependend on debt financing.
MI-UN has a Debt to Equity ratio (0.76) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 9.49 | ||
| Altman-Z | 0.58 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.08 indicates that MI-UN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.08, MI-UN is doing worse than 81.25% of the companies in the same industry.
MI-UN has a Quick Ratio of 0.08. 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.
With a Quick ratio value of 0.08, MI-UN is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 191.20% over the past year.
The Earnings Per Share has been growing by 23.76% on average over the past years. This is a very strong growth
MI-UN shows a decrease in Revenue. In the last year, the revenue decreased by -1.46%.
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)191.2%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%186.54%
Revenue 1Y (TTM)-1.46%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-2.4%
3.2 Future
Based on estimates for the next years, MI-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 152.98% on average per year.
Based on estimates for the next years, MI-UN will show a small growth in Revenue. The Revenue will grow by 3.14% on average per year.
EPS Next Y510%
EPS Next 2Y152.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.16%
Revenue Next 2Y3.14%
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 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
A Price/Earnings ratio of 5.73 indicates a rather cheap valuation of MI-UN.
Compared to the rest of the industry, the Price/Earnings ratio of MI-UN indicates a rather cheap valuation: MI-UN is cheaper than 81.25% of the companies listed in the same industry.
MI-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 16.05, MI-UN is valued correctly.
MI-UN's Price/Forward Earnings is on the same level as the industry average.
MI-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.73 | ||
| Fwd PE | 16.05 |
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 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.84 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The 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 152.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)0.24
EPS Next 2Y152.98%
EPS Next 3YN/A
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.
MI-UN's Dividend Yield is slightly below the industry average, which is at 4.56.
MI-UN's Dividend Yield is a higher than the S&P500 average which is at 2.37.
| 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
39.32% of the earnings are spent on dividend by MI-UN. This is a low number and sustainable payout ratio.
The dividend of MI-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.32%
EPS Next 2Y152.98%
EPS Next 3YN/A
TSX:MI-UN (7/11/2025, 7:00:00 PM)
14.55
+0.1 (+0.69%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners28.76%
Inst Owner ChangeN/A
Ins Owners2.27%
Ins Owner ChangeN/A
Market Cap551.30M
Analysts78.89
Price Target15.96 (9.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend1.04
Dividend Growth(5Y)4.07%
DP39.32%
Div Incr Years6
Div Non Decr Years6
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)-6.98%
PT rev (3m)-8.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.73 | ||
| Fwd PE | 16.05 | ||
| P/S | 3.53 | ||
| P/FCF | 5.84 | ||
| P/OCF | 5.84 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY17.46%
EPS(NY)0.91
Fwd EY6.23%
FCF(TTM)2.49
FCFY17.11%
OCF(TTM)2.49
OCFY17.11%
SpS4.12
BVpS29.32
TBVpS29.32
PEG (NY)0.01
PEG (5Y)0.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.79% | ||
| ROCE | 4.01% | ||
| ROIC | 2.89% | ||
| ROICexc | 2.89% | ||
| ROICexgc | 2.89% | ||
| OM | 63.69% | ||
| PM (TTM) | 62.57% | ||
| GM | 63.69% | ||
| FCFM | 60.42% |
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%
ROICexcg growth 3Y7.04%
ROICexcg 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 | 0.76 | ||
| Debt/FCF | 9.49 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.5 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 96.57% | ||
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 | ||
| Altman-Z | 0.58 |
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)191.2%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%186.54%
EPS Next Y510%
EPS Next 2Y152.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.46%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-2.4%
Revenue Next Year1.16%
Revenue Next 2Y3.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.41%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-0.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.97%
FCF growth 3Y9.95%
FCF growth 5Y12.24%
OCF growth 1Y9.97%
OCF growth 3Y9.95%
OCF growth 5Y12.24%