MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
Canada - TSX:MI-UN - CA60448E1034 - REIT
13.5 CAD
-0.23 (-1.68%)
We assign a fundamental rating of 5 out of 10 to MI-UN. MI-UN was compared to 14 industry peers in the Residential REITs industry. There are concerns on the financial health of MI-UN while its profitability can be described as average. 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 was profitable.
MI-UN had a positive operating cash flow in the past year.
MI-UN had positive earnings in 4 of the past 5 years.
MI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MI-UN (2.45%) is better than 71.43% of its industry peers.
The Return On Equity of MI-UN (5.89%) is better than 71.43% of its industry peers.
MI-UN has a Return On Invested Capital of 2.90%. This is comparable to the rest of the industry: MI-UN outperforms 50.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MI-UN is in line with the industry average of 3.22%.
The 3 year average ROIC (2.62%) for MI-UN is below the current ROIC(2.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 5.89% | ||
| ROIC | 2.9% |
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 better Profit Margin (40.98%) than 71.43% of its industry peers.
MI-UN's Profit Margin has improved in the last couple of years.
MI-UN has a Operating Margin of 63.55%. This is in the better half of the industry: MI-UN outperforms 78.57% of its industry peers.
MI-UN's Operating Margin has been stable in the last couple of years.
The Gross Margin of MI-UN (63.55%) is worse than 71.43% of its industry peers.
MI-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.55% | ||
| PM (TTM) | 40.98% | ||
| GM | 63.55% |
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
The number of shares outstanding for MI-UN has been reduced compared to 1 year ago.
MI-UN has more shares outstanding than it did 5 years ago.
MI-UN has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.53, we must say that MI-UN is in the distress zone and has some risk of bankruptcy.
MI-UN has a Altman-Z score of 0.53. This is in the lower half of the industry: MI-UN underperforms 78.57% of its industry peers.
MI-UN has a debt to FCF ratio of 9.79. This is a negative value and a sign of low solvency as MI-UN would need 9.79 years to pay back of all of its debts.
MI-UN's Debt to FCF ratio of 9.79 is in line compared to the rest of the industry. MI-UN outperforms 50.00% of its industry peers.
MI-UN has a Debt/Equity ratio of 0.77. This is a neutral value indicating MI-UN is somewhat dependend on debt financing.
MI-UN's Debt to Equity ratio of 0.77 is in line compared to the rest of the industry. MI-UN outperforms 42.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 9.79 | ||
| Altman-Z | 0.53 |
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.
Looking at the Current ratio, with a value of 0.07, MI-UN is doing worse than 85.71% of the companies in the same industry.
A Quick Ratio of 0.07 indicates that MI-UN may have some problems paying 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 85.71% 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 290.43%, 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.
Looking at the last year, MI-UN shows a decrease in Revenue. The Revenue has decreased by -1.40% in the last 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)290.43%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%-103.6%
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.07%
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 78.63% yearly.
Based on estimates for the next years, MI-UN will show a small growth in Revenue. The Revenue will grow by 2.39% on average per year.
EPS Next Y390%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
EPS Next 5YN/A
Revenue Next Year-1.69%
Revenue Next 2Y1.96%
Revenue Next 3Y2.39%
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
MI-UN is valuated cheaply with a Price/Earnings ratio of 7.99.
MI-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. MI-UN is cheaper than 78.57% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.51, MI-UN is valued rather cheaply.
A Price/Forward Earnings ratio of 19.00 indicates a rather expensive valuation of MI-UN.
Based on the Price/Forward Earnings ratio, MI-UN is valued a bit more expensive than 78.57% of the companies in the same industry.
MI-UN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.53.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.99 | ||
| Fwd PE | 19 |
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 78.57% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.27 | ||
| 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.
A more expensive valuation may be justified as MI-UN's earnings are expected to grow with 78.63% in the coming years.
PEG (NY)0.02
PEG (5Y)0.34
EPS Next 2Y133.45%
EPS Next 3Y78.63%
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 4.43, MI-UN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, 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.
MI-UN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
MI-UN pays out 59.93% of its income as dividend. 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.
DP59.93%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
TSX:MI-UN (11/3/2025, 7:00:00 PM)
13.5
-0.23 (-1.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners27.77%
Inst Owner ChangeN/A
Ins Owners2.34%
Ins Owner ChangeN/A
Market Cap494.50M
Revenue(TTM)155.74M
Net Income(TTM)63.82M
Analysts77.78
Price Target16.12 (19.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend1.04
Dividend Growth(5Y)4.07%
DP59.93%
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)0%
PT rev (3m)0.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-29.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.99 | ||
| Fwd PE | 19 | ||
| P/S | 3.18 | ||
| P/FCF | 5.27 | ||
| P/OCF | 5.27 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.69
EY12.52%
EPS(NY)0.71
Fwd EY5.26%
FCF(TTM)2.56
FCFY18.99%
OCF(TTM)2.56
OCFY18.99%
SpS4.25
BVpS29.6
TBVpS29.6
PEG (NY)0.02
PEG (5Y)0.34
Graham Number33.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 5.89% | ||
| ROCE | 4.03% | ||
| ROIC | 2.9% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 2.91% | ||
| OM | 63.55% | ||
| PM (TTM) | 40.98% | ||
| GM | 63.55% | ||
| FCFM | 60.29% |
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 | 0.77 | ||
| Debt/FCF | 9.79 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.49 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 147.13% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.53 |
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)290.43%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%-103.6%
EPS Next Y390%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.07%
Revenue Next Year-1.69%
Revenue Next 2Y1.96%
Revenue Next 3Y2.39%
Revenue Next 5YN/A
EBIT growth 1Y-2.2%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-3.52%
EBIT Next 3Y-8.11%
EBIT Next 5YN/A
FCF growth 1Y3.19%
FCF growth 3Y9.95%
FCF growth 5Y12.24%
OCF growth 1Y3.19%
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 of MINTO APARTMENT REAL ESTATE (MI-UN.CA) stock?
ChartMill assigns a valuation rating of 6 / 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.
How financially healthy is MINTO APARTMENT REAL ESTATE?
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 59.93%.