MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
TSX:MI-UN - Toronto Stock Exchange - CA60448E1034 - REIT - Currency: CAD
We assign a fundamental rating of 3 out of 10 to MI-UN. MI-UN was compared to 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MI-UN has reported negative net income.
MI-UN had a positive operating cash flow in the past year.
Of the past 5 years MI-UN 4 years were profitable.
MI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MI-UN has a worse Return On Assets (-4.01%) than 68.75% of its industry peers.
The Return On Equity of MI-UN (-10.16%) is worse than 75.00% of its industry peers.
MI-UN has a Return On Invested Capital of 2.91%. This is in the lower half of the industry: MI-UN underperforms 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MI-UN is in line with the industry average of 3.07%.
The 3 year average ROIC (2.44%) for MI-UN is below the current ROIC(2.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.01% | ||
| ROE | -10.16% | ||
| ROIC | 2.91% |
ROA(3y)2.59%
ROA(5y)3.38%
ROE(3y)5.69%
ROE(5y)8.22%
ROIC(3y)2.44%
ROIC(5y)2.46%
1.3 Margins
MI-UN's Operating Margin of 64.42% is amongst the best of the industry. MI-UN outperforms 81.25% of its industry peers.
MI-UN's Operating Margin has been stable in the last couple of years.
MI-UN's Gross Margin of 64.42% is on the low side compared to the rest of the industry. MI-UN is outperformed by 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 | 64.42% | ||
| PM (TTM) | N/A | ||
| GM | 64.42% |
OM growth 3Y-0.07%
OM growth 5Y0.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.07%
GM growth 5Y0.43%
2. Health
2.1 Basic Checks
MI-UN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MI-UN has more shares outstanding
The debt/assets ratio for MI-UN is higher compared to a year ago.
2.2 Solvency
MI-UN has an Altman-Z score of 0.52. This is a bad value and indicates that MI-UN is not financially healthy and even has some risk of bankruptcy.
MI-UN has a Altman-Z score of 0.52. This is in the lower half of the industry: MI-UN underperforms 68.75% of its industry peers.
MI-UN has a debt to FCF ratio of 9.52. This is a negative value and a sign of low solvency as MI-UN would need 9.52 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.52, MI-UN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
MI-UN has a Debt/Equity ratio of 0.80. This is a neutral value indicating MI-UN is somewhat dependend on debt financing.
MI-UN has a worse Debt to Equity ratio (0.80) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 9.52 | ||
| Altman-Z | 0.52 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MI-UN has a Current Ratio of 0.32. 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 has a Current ratio of 0.32. This is comparable to the rest of the industry: MI-UN outperforms 56.25% of its industry peers.
A Quick Ratio of 0.32 indicates that MI-UN may have some problems paying its short term obligations.
MI-UN has a Quick ratio (0.32) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
MI-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.20%.
Looking at the last year, MI-UN shows a small growth in Revenue. The Revenue has grown by 1.53% in the last year.
MI-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.04% yearly.
EPS 1Y (TTM)-46.2%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-250.39%
Revenue 1Y (TTM)1.53%
Revenue growth 3Y8.13%
Revenue growth 5Y30.04%
Sales Q2Q%-0.04%
3.2 Future
MI-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 62.94% yearly.
Based on estimates for the next years, MI-UN will show a small growth in Revenue. The Revenue will grow by 3.18% on average per year.
EPS Next Y53.49%
EPS Next 2Y105.73%
EPS Next 3Y62.94%
EPS Next 5YN/A
Revenue Next Year-0.5%
Revenue Next 2Y1.96%
Revenue Next 3Y3.18%
Revenue Next 5YN/A
3.3 Evolution
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
MI-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
MI-UN is valuated correctly with a Price/Forward Earnings ratio of 13.16.
MI-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MI-UN is cheaper than 62.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. MI-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.16 |
4.2 Price Multiples
68.75% of the companies in the same industry are more expensive than MI-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.53 | ||
| 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.
A more expensive valuation may be justified as MI-UN's earnings are expected to grow with 62.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y105.73%
EPS Next 3Y62.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.21%, MI-UN has a reasonable but not impressive dividend return.
MI-UN's Dividend Yield is slightly below the industry average, which is at 4.91.
Compared to an average S&P500 Dividend Yield of 2.27, MI-UN pays a bit more dividend than the S&P500 average.
| 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
The earnings of MI-UN are negative and hence is the payout ratio. MI-UN will probably not be able to sustain this dividend level.
MI-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-41.82%
EPS Next 2Y105.73%
EPS Next 3Y62.94%
TSX:MI-UN (2/21/2025, 7:00:00 PM)
13.01
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners28.71%
Inst Owner ChangeN/A
Ins Owners2.14%
Ins Owner ChangeN/A
Market Cap514.94M
Analysts81.11
Price Target18.74 (44.04%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend0.95
Dividend Growth(5Y)4.07%
DP-41.82%
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)-3.67%
PT rev (3m)-6.01%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-131.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.16 | ||
| P/S | 3.26 | ||
| P/FCF | 5.53 | ||
| P/OCF | 5.53 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | N/A |
EPS(TTM)-2.63
EYN/A
EPS(NY)0.99
Fwd EY7.6%
FCF(TTM)2.35
FCFY18.08%
OCF(TTM)2.35
OCFY18.08%
SpS3.99
BVpS26.14
TBVpS26.14
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.01% | ||
| ROE | -10.16% | ||
| ROCE | 4.04% | ||
| ROIC | 2.91% | ||
| ROICexc | 2.92% | ||
| ROICexgc | 2.92% | ||
| OM | 64.42% | ||
| PM (TTM) | N/A | ||
| GM | 64.42% | ||
| FCFM | 58.93% |
ROA(3y)2.59%
ROA(5y)3.38%
ROE(3y)5.69%
ROE(5y)8.22%
ROIC(3y)2.44%
ROIC(5y)2.46%
ROICexc(3y)2.45%
ROICexc(5y)2.46%
ROICexgc(3y)2.45%
ROICexgc(5y)2.46%
ROCE(3y)3.39%
ROCE(5y)3.41%
ROICexcg growth 3Y0.98%
ROICexcg growth 5Y11.29%
ROICexc growth 3Y0.98%
ROICexc growth 5Y11.29%
OM growth 3Y-0.07%
OM growth 5Y0.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.07%
GM growth 5Y0.43%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 9.52 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.6 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 0.52 |
F-Score5
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)-46.2%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-250.39%
EPS Next Y53.49%
EPS Next 2Y105.73%
EPS Next 3Y62.94%
EPS Next 5YN/A
Revenue 1Y (TTM)1.53%
Revenue growth 3Y8.13%
Revenue growth 5Y30.04%
Sales Q2Q%-0.04%
Revenue Next Year-0.5%
Revenue Next 2Y1.96%
Revenue Next 3Y3.18%
Revenue Next 5YN/A
EBIT growth 1Y5.89%
EBIT growth 3Y8.05%
EBIT growth 5Y30.59%
EBIT Next Year1.63%
EBIT Next 3Y4.01%
EBIT Next 5YN/A
FCF growth 1Y1.83%
FCF growth 3Y9.99%
FCF growth 5Y26.1%
OCF growth 1Y1.83%
OCF growth 3Y9.99%
OCF growth 5Y26.1%