MELCOR REAL ESTATE INVESTMEN (MR-UN.CA) Stock Fundamental Analysis
TSX:MR-UN - Toronto Stock Exchange - CA58546R1091 - REIT - Currency: CAD
We assign a fundamental rating of 3 out of 10 to MR-UN. MR-UN was compared to 43 industry peers in the Diversified REITs industry. While MR-UN is still in line with the averages on profitability rating, there are concerns on its financial health. MR-UN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MR-UN had negative earnings in the past year.
MR-UN had a positive operating cash flow in the past year.
In multiple years MR-UN reported negative net income over the last 5 years.
Each year in the past 5 years MR-UN had a positive operating cash flow.
1.2 Ratios
MR-UN has a Return On Assets (-3.80%) which is comparable to the rest of the industry.
With a Return On Equity value of -14.61%, MR-UN is not doing good in the industry: 65.12% of the companies in the same industry are doing better.
MR-UN's Return On Invested Capital of 5.52% is amongst the best of the industry. MR-UN outperforms 86.05% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MR-UN is in line with the industry average of 5.49%.
The last Return On Invested Capital (5.52%) for MR-UN is above the 3 year average (4.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.8% | ||
| ROE | -14.61% | ||
| ROIC | 5.52% |
ROA(3y)1.39%
ROA(5y)0.98%
ROE(3y)4.67%
ROE(5y)3.36%
ROIC(3y)4.62%
ROIC(5y)4.47%
1.3 Margins
MR-UN's Profit Margin has declined in the last couple of years.
MR-UN has a Operating Margin (51.03%) which is in line with its industry peers.
MR-UN's Operating Margin has been stable in the last couple of years.
MR-UN has a Gross Margin (57.13%) which is in line with its industry peers.
MR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 51.03% | ||
| PM (TTM) | N/A | ||
| GM | 57.13% |
OM growth 3Y0.18%
OM growth 5Y-0.96%
PM growth 3Y41.91%
PM growth 5Y-2.53%
GM growth 3Y0.32%
GM growth 5Y-0.76%
2. Health
2.1 Basic Checks
Compared to 1 year ago, MR-UN has about the same amount of shares outstanding.
The number of shares outstanding for MR-UN has been reduced compared to 5 years ago.
Compared to 1 year ago, MR-UN has about the same debt to assets ratio.
2.2 Solvency
MR-UN has an Altman-Z score of 0.05. This is a bad value and indicates that MR-UN is not financially healthy and even has some risk of bankruptcy.
MR-UN's Altman-Z score of 0.05 is on the low side compared to the rest of the industry. MR-UN is outperformed by 76.74% of its industry peers.
MR-UN has a debt to FCF ratio of 22.01. This is a negative value and a sign of low solvency as MR-UN would need 22.01 years to pay back of all of its debts.
The Debt to FCF ratio of MR-UN (22.01) is comparable to the rest of the industry.
MR-UN has a Debt/Equity ratio of 1.75. This is a high value indicating a heavy dependency on external financing.
MR-UN's Debt to Equity ratio of 1.75 is on the low side compared to the rest of the industry. MR-UN is outperformed by 90.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.75 | ||
| Debt/FCF | 22.01 | ||
| Altman-Z | 0.05 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.25 indicates that MR-UN may have some problems paying its short term obligations.
MR-UN's Current ratio of 0.25 is in line compared to the rest of the industry. MR-UN outperforms 53.49% of its industry peers.
MR-UN has a Quick Ratio of 0.25. This is a bad value and indicates that MR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MR-UN (0.25) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.25 | ||
| Quick Ratio | 0.25 |
3. Growth
3.1 Past
The earnings per share for MR-UN have decreased strongly by -711.82% in the last year.
MR-UN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.02% yearly.
The Revenue has decreased by -1.99% in the past year.
MR-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.04% yearly.
EPS 1Y (TTM)-711.82%
EPS 3Y43.38%
EPS 5Y-2.02%
EPS Q2Q%-1769.31%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y-0.3%
Revenue growth 5Y1.04%
Sales Q2Q%-4.54%
3.2 Future
MR-UN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.64% yearly.
Based on estimates for the next years, MR-UN will show a decrease in Revenue. The Revenue will decrease by 0.00% on average per year.
EPS Next Y-26.09%
EPS Next 2Y18.87%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue Next Year-2.67%
Revenue Next 2Y-0.67%
Revenue Next 3Y0%
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
MR-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 7.99, which indicates a rather cheap valuation of MR-UN.
93.02% of the companies in the same industry are more expensive than MR-UN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, MR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MR-UN indicates a rather cheap valuation: MR-UN is cheaper than 90.70% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.76 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.87%
EPS Next 3Y11.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.00%, MR-UN is a good candidate for dividend investing.
MR-UN's Dividend Yield is rather good when compared to the industry average which is at 8.03. MR-UN pays more dividend than 86.05% of the companies in the same industry.
MR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10% |
5.2 History
The dividend of MR-UN decreases each year by -6.57%.
MR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
MR-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.57%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
MR-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-8.12%
EPS Next 2Y18.87%
EPS Next 3Y11.64%
TSX:MR-UN (2/21/2025, 7:00:00 PM)
5.35
+0.01 (+0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners3.28%
Inst Owner ChangeN/A
Ins Owners1.58%
Ins Owner ChangeN/A
Market Cap69.34M
Analysts42.5
Price Target3.32 (-37.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10% |
Yearly Dividend0.51
Dividend Growth(5Y)-6.57%
DP-8.12%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
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%
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%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 7.99 | ||
| P/S | 0.95 | ||
| P/FCF | 3.76 | ||
| P/OCF | 3.76 | ||
| P/B | 0.4 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | N/A |
EPS(TTM)-3.1
EYN/A
EPS(NY)0.67
Fwd EY12.51%
FCF(TTM)1.42
FCFY26.57%
OCF(TTM)1.42
OCFY26.57%
SpS5.61
BVpS13.49
TBVpS13.49
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.8% | ||
| ROE | -14.61% | ||
| ROCE | 9.06% | ||
| ROIC | 5.52% | ||
| ROICexc | 5.61% | ||
| ROICexgc | 5.61% | ||
| OM | 51.03% | ||
| PM (TTM) | N/A | ||
| GM | 57.13% | ||
| FCFM | 25.33% |
ROA(3y)1.39%
ROA(5y)0.98%
ROE(3y)4.67%
ROE(5y)3.36%
ROIC(3y)4.62%
ROIC(5y)4.47%
ROICexc(3y)4.66%
ROICexc(5y)4.5%
ROICexgc(3y)4.66%
ROICexgc(5y)4.5%
ROCE(3y)6.69%
ROCE(5y)6.42%
ROICexcg growth 3Y2.52%
ROICexcg growth 5Y1.15%
ROICexc growth 3Y2.52%
ROICexc growth 5Y1.15%
OM growth 3Y0.18%
OM growth 5Y-0.96%
PM growth 3Y41.91%
PM growth 5Y-2.53%
GM growth 3Y0.32%
GM growth 5Y-0.76%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.75 | ||
| Debt/FCF | 22.01 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.25 | ||
| Quick Ratio | 0.25 | ||
| Altman-Z | 0.05 |
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)-711.82%
EPS 3Y43.38%
EPS 5Y-2.02%
EPS Q2Q%-1769.31%
EPS Next Y-26.09%
EPS Next 2Y18.87%
EPS Next 3Y11.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y-0.3%
Revenue growth 5Y1.04%
Sales Q2Q%-4.54%
Revenue Next Year-2.67%
Revenue Next 2Y-0.67%
Revenue Next 3Y0%
Revenue Next 5YN/A
EBIT growth 1Y-6.01%
EBIT growth 3Y-0.12%
EBIT growth 5Y0.07%
EBIT Next Year1.6%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y82.56%
FCF growth 3Y-4.55%
FCF growth 5Y0.21%
OCF growth 1Y82.56%
OCF growth 3Y-4.55%
OCF growth 5Y0.21%