MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MI-UN - CA60448E1034 - REIT
13.38 CAD
-0.25 (-1.83%)
Taking everything into account, MI-UN scores 5 out of 10 in our fundamental rating. MI-UN was compared to 16 industry peers in the Residential REITs industry. MI-UN has an excellent profitability rating, but there are concerns on its financial health. MI-UN scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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
The Return On Assets of MI-UN (2.87%) is better than 75.00% of its industry peers.
The Return On Equity of MI-UN (7.22%) is better than 81.25% of its industry peers.
MI-UN has a Return On Invested Capital (2.85%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for MI-UN is in line with the industry average of 3.14%.
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
MI-UN has a better Profit Margin (48.69%) than 75.00% of its industry peers.
In the last couple of years the Profit Margin of MI-UN has grown nicely.
MI-UN's Operating Margin of 63.34% is amongst the best of the industry. MI-UN outperforms 100.00% 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.
With a Gross Margin value of 63.34%, MI-UN is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
MI-UN's Gross Margin has been stable in the last couple of years.
| 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
The number of shares outstanding for MI-UN has been reduced compared to 1 year ago.
Compared to 5 years ago, MI-UN has more shares outstanding
MI-UN has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.50, we must say that MI-UN is in the distress zone and has some risk of bankruptcy.
MI-UN has a Altman-Z score (0.50) which is in line with its industry peers.
The Debt to FCF ratio of MI-UN is 10.07, which is on the high side as it means it would take MI-UN, 10.07 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 10.07, MI-UN is doing good in the industry, outperforming 62.50% 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.
MI-UN has a worse Debt to Equity ratio (0.86) than 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 10.07 | ||
| Altman-Z | 0.5 |
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's Current ratio of 0.07 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 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.
Looking at the Quick ratio, with a value of 0.07, MI-UN is doing worse than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 172.72% 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
The Revenue has decreased by -1.88% in the past year.
The Revenue has been growing by 8.51% on average over the past years. This is quite good.
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
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.
MI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.39% yearly.
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
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.
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 6.97, the valuation of MI-UN can be described as very cheap.
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 26.15, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 18.83 indicates a rather expensive valuation of 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 68.75% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MI-UN to the average of the S&P500 Index (36.22), we can say MI-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.97 | ||
| Fwd PE | 18.83 |
4.2 Price Multiples
81.25% 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 | 4.99 | ||
| 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 78.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.02
PEG (5Y)0.29
EPS Next 2Y133.45%
EPS Next 3Y78.63%
5. Dividend
5.1 Amount
MI-UN has a Yearly Dividend Yield of 3.21%.
MI-UN's Dividend Yield is comparable with the industry average which is at 4.38.
Compared to an average S&P500 Dividend Yield of 2.32, 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
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 2Y133.45%
EPS Next 3Y78.63%
TSX:MI-UN (12/1/2025, 7:00:00 PM)
13.38
-0.25 (-1.83%)
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 Cap490.11M
Revenue(TTM)154.98M
Net Income(TTM)75.46M
Analysts77.78
Price Target15.91 (18.91%)
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-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)-1.27%
PT rev (3m)-1.27%
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)0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.97 | ||
| Fwd PE | 18.83 | ||
| P/S | 3.16 | ||
| P/FCF | 4.99 | ||
| P/OCF | 4.99 | ||
| P/B | 0.47 | ||
| P/tB | 0.47 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.92
EY14.35%
EPS(NY)0.71
Fwd EY5.31%
FCF(TTM)2.68
FCFY20.05%
OCF(TTM)2.68
OCFY20.05%
SpS4.23
BVpS28.54
TBVpS28.54
PEG (NY)0.02
PEG (5Y)0.29
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 | 0.5 |
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 Y390%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.92%
Revenue Next Year-1.69%
Revenue Next 2Y1.96%
Revenue Next 3Y2.39%
Revenue Next 5YN/A
EBIT growth 1Y-3.52%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-3.52%
EBIT Next 3Y-8.11%
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 of MINTO APARTMENT REAL ESTATE (MI-UN.CA) stock?
ChartMill assigns a valuation rating of 7 / 10 to MINTO APARTMENT REAL ESTATE (MI-UN.CA). This can be considered as Undervalued.
What is the profitability of MI-UN stock?
MINTO APARTMENT REAL ESTATE (MI-UN.CA) has a profitability rating of 7 / 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 52.85%.