MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MI-UN - CA60448E1034 - REIT
17.48 CAD
-0.01 (-0.06%)
We assign a fundamental rating of 5 out of 10 to MI-UN. MI-UN was compared to 15 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- MI-UN had positive earnings in the past year.
- 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.
- 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.
- MI-UN has a Return On Equity of 7.22%. This is in the better half of the industry: MI-UN outperforms 80.00% of its industry peers.
- The Return On Invested Capital of MI-UN (2.85%) 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 2.87%.
- The 3 year average ROIC (2.62%) for MI-UN is below the current ROIC(2.85%), indicating increased profibility in the last year.
| 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.
- MI-UN's Profit Margin has improved in the last couple of years.
- MI-UN has a Operating Margin of 63.34%. This is amongst the best in the industry. MI-UN outperforms 100.00% of its industry peers.
- MI-UN's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 63.34%, MI-UN is doing worse than 66.67% of the companies in the same industry.
- 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
- 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
- Compared to 1 year ago, MI-UN has about the same debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.55, we must say that MI-UN is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of MI-UN (0.55) 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.
- MI-UN has a better Debt to FCF ratio (10.07) than 73.33% of its industry peers.
- A Debt/Equity ratio of 0.86 indicates that MI-UN is somewhat dependend on debt financing.
- The Debt to Equity ratio of MI-UN (0.86) is worse than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 10.07 | ||
| Altman-Z | 0.55 |
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 Current ratio of 0.07. This is in the lower half of the industry: MI-UN underperforms 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.
- The Quick ratio of MI-UN (0.07) is worse than 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.
- 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 -1.88%.
- 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
- MI-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 70.43% yearly.
- Based on estimates for the next years, MI-UN will show a small growth in Revenue. The Revenue will grow by 2.67% on average per year.
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.
- 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
- MI-UN is valuated reasonably with a Price/Earnings ratio of 9.10.
- 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.
- The average S&P500 Price/Earnings ratio is at 28.39. MI-UN is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 29.77 indicates a quite 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 60.00% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.72, MI-UN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 29.77 |
4.2 Price Multiples
- 80.00% 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 | 6.52 | ||
| 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.
- The decent profitability rating of MI-UN may justify a higher PE ratio.
- A more expensive valuation may be justified as MI-UN's earnings are expected to grow with 70.43% in the coming years.
PEG (NY)0.18
PEG (5Y)0.38
EPS Next 2Y120.23%
EPS Next 3Y70.43%
5. Dividend
5.1 Amount
- MI-UN has a Yearly Dividend Yield of 3.21%.
- Compared to an average industry Dividend Yield of 4.85, 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 1.82.
| 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
- 52.85% of the earnings are spent on dividend by MI-UN. This is a bit on the high side, but may be sustainable.
- MI-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP52.85%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
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 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.
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%.