MORGUARD NORTH AMERICAN(TSX:MRG-DB-B) stock Fundamental Analysis

Fundamental Rating

Overall MRG-DB-B gets a fundamental rating of 3 out of 10. We evaluated MRG-DB-B against 16 industry peers in the Residential REITs industry. While MRG-DB-B is still in line with the averages on profitability rating, there are concerns on its financial health. MRG-DB-B does not seem to be growing, but still is valued expensively.

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1. Profitability

1.1 Basic Checks

In the past year MRG-DB-B was profitable.

MRG-DB-B had a positive operating cash flow in the past year.

In the past 5 years MRG-DB-B has always been profitable.

MRG-DB-B had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 2.23%, MRG-DB-B is in the better half of the industry, outperforming 68.75% of the companies in the same industry.

MRG-DB-B's Return On Equity of 5.09% is fine compared to the rest of the industry. MRG-DB-B outperforms 68.75% of its industry peers.

MRG-DB-B's Return On Invested Capital of 3.05% is in line compared to the rest of the industry. MRG-DB-B outperforms 50.00% of its industry peers.

The Average Return On Invested Capital over the past 3 years for MRG-DB-B is in line with the industry average of 3.07%.

		Industry Rank	Sector Rank
ROA	2.23%
ROE	5.09%
ROIC	3.05%

ROA(3y)4.04%

ROA(5y)4.95%

ROE(3y)9.04%

ROE(5y)11.44%

ROIC(3y)3.13%

ROIC(5y)3.1%

1.3 Margins

MRG-DB-B has a Profit Margin of 29.59%. This is in the better half of the industry: MRG-DB-B outperforms 68.75% of its industry peers.

In the last couple of years the Profit Margin of MRG-DB-B has remained more or less at the same level.

The Operating Margin of MRG-DB-B (52.71%) is comparable to the rest of the industry.

MRG-DB-B's Operating Margin has been stable in the last couple of years.

With a Gross Margin value of 58.91%, MRG-DB-B is not doing good in the industry: 75.00% of the companies in the same industry are doing better.

MRG-DB-B's Gross Margin has been stable in the last couple of years.

		Industry Rank	Sector Rank
OM	52.71%
PM (TTM)	29.59%
GM	58.91%

OM growth 3Y-0.01%

OM growth 5Y-0.52%

PM growth 3Y-33.04%

PM growth 5Y-1.1%

GM growth 3Y-0.62%

GM growth 5Y-0.82%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

MRG-DB-B has less shares outstanding than it did 1 year ago.

MRG-DB-B has less shares outstanding than it did 5 years ago.

Compared to 1 year ago, MRG-DB-B has a worse debt to assets ratio.

2.2 Solvency

MRG-DB-B has an Altman-Z score of 1.44. This is a bad value and indicates that MRG-DB-B is not financially healthy and even has some risk of bankruptcy.

With an excellent Altman-Z score value of 1.44, MRG-DB-B belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.

MRG-DB-B has a debt to FCF ratio of 18.37. This is a negative value and a sign of low solvency as MRG-DB-B would need 18.37 years to pay back of all of its debts.

MRG-DB-B has a Debt to FCF ratio of 18.37. This is in the lower half of the industry: MRG-DB-B underperforms 68.75% of its industry peers.

MRG-DB-B has a Debt/Equity ratio of 0.79. This is a neutral value indicating MRG-DB-B is somewhat dependend on debt financing.

The Debt to Equity ratio of MRG-DB-B (0.79) is worse than 62.50% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	18.37
Altman-Z	1.44

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

MRG-DB-B has a Current Ratio of 0.57. This is a bad value and indicates that MRG-DB-B is not financially healthy enough and could expect problems in meeting its short term obligations.

MRG-DB-B has a Current ratio of 0.57. This is amongst the best in the industry. MRG-DB-B outperforms 81.25% of its industry peers.

A Quick Ratio of 0.57 indicates that MRG-DB-B may have some problems paying its short term obligations.

Looking at the Quick ratio, with a value of 0.57, MRG-DB-B belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	0.57
Quick Ratio	0.57

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

MRG-DB-B shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.02%.

Measured over the past 5 years, MRG-DB-B shows a small growth in Earnings Per Share. The EPS has been growing by 5.88% on average per year.

MRG-DB-B shows a small growth in Revenue. In the last year, the Revenue has grown by 3.79%.

MRG-DB-B shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.98% yearly.

EPS 1Y (TTM)-41.02%

EPS 3Y-23.43%

EPS 5Y5.88%

EPS Q2Q%98.12%

Revenue 1Y (TTM)3.79%

Revenue growth 3Y11.91%

Revenue growth 5Y6.98%

Sales Q2Q%3.4%

3.2 Future

The Earnings Per Share is expected to decrease by -28.92% on average over the next years. This is quite bad

The Revenue is expected to grow by 5.00% on average over the next years.

EPS Next Y-51.22%

EPS Next 2Y-28.92%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year6.65%

Revenue Next 2Y5%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 57.30 indicates a quite expensive valuation of MRG-DB-B.

Compared to the rest of the industry, the Price/Earnings ratio of MRG-DB-B is on the same level as its industry peers.

MRG-DB-B is valuated expensively when we compare the Price/Earnings ratio to 29.62, which is the current average of the S&P500 Index.

A Price/Forward Earnings ratio of 72.14 indicates a quite expensive valuation of MRG-DB-B.

81.25% of the companies in the same industry are cheaper than MRG-DB-B, based on the Price/Forward Earnings ratio.

Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, MRG-DB-B is valued quite expensively.

		Industry Rank	Sector Rank
PE	57.3
Fwd PE	72.14

4.2 Price Multiples

MRG-DB-B's Price/Free Cash Flow ratio is rather expensive when compared to the industry. MRG-DB-B is more expensive than 87.50% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	37.88
EV/EBITDA	N/A

4.3 Compensation for Growth

MRG-DB-B's earnings are expected to decrease with -28.92% in the coming years. This may justify a cheaper valuation.

PEG (NY)N/A

PEG (5Y)9.75

EPS Next 2Y-28.92%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

MRG-DB-B has a Yearly Dividend Yield of 4.17%, which is a nice return.

MRG-DB-B's Dividend Yield is comparable with the industry average which is at 4.91.

MRG-DB-B's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.

		Industry Rank	Sector Rank
Dividend Yield	4.17%

5.2 History

The dividend of MRG-DB-B has a limited annual growth rate of 2.33%.

MRG-DB-B is new to the dividend game and has less than 3 years of track record.

Dividend Growth(5Y)2.33%

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

26.32% of the earnings are spent on dividend by MRG-DB-B. This is a low number and sustainable payout ratio.

DP26.32%

EPS Next 2Y-28.92%

EPS Next 3YN/A

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MORGUARD NORTH AMERICAN

TSX:MRG-DB-B (2/20/2025, 7:00:00 PM)

102

0 (0%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryResidential REITs

Earnings (Last)02-11 2025-02-11/amc

Earnings (Next)04-28 2025-04-28

Inst Owners4.96%

Inst Owner ChangeN/A

Ins Owners4.3%

Ins Owner ChangeN/A

Market Cap3.69B

Analysts80

Price Target136.58 (33.9%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	4.17%

Yearly Dividend0.49

Dividend Growth(5Y)2.33%

DP26.32%

Div Incr Years0

Div Non Decr Years0

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)-0.44%

PT rev (3m)7.51%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)1.45%

EPS NY rev (3m)1.45%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)3.2%

Revenue NY rev (3m)2.56%

Valuation

		Industry Rank	Sector Rank
PE	57.3
Fwd PE	72.14
P/S	10.73
P/FCF	37.88
P/OCF	37.88
P/B	1.85
P/tB	1.85
EV/EBITDA	N/A

EPS(TTM)1.78

EY1.75%

EPS(NY)1.41

Fwd EY1.39%

FCF(TTM)2.69

FCFY2.64%

OCF(TTM)2.69

OCFY2.64%

SpS9.51

BVpS55.27

TBVpS55.27

PEG (NY)N/A

PEG (5Y)9.75

Profitability

		Industry Rank	Sector Rank
ROA	2.23%
ROE	5.09%
ROCE	4.24%
ROIC	3.05%
ROICexc	3.09%
ROICexgc	3.09%
OM	52.71%
PM (TTM)	29.59%
GM	58.91%
FCFM	28.33%

ROA(3y)4.04%

ROA(5y)4.95%

ROE(3y)9.04%

ROE(5y)11.44%

ROIC(3y)3.13%

ROIC(5y)3.1%

ROICexc(3y)3.15%

ROICexc(5y)3.12%

ROICexgc(3y)3.15%

ROICexgc(5y)3.12%

ROCE(3y)4.34%

ROCE(5y)4.31%

ROICexcg growth 3Y3.05%

ROICexcg growth 5Y-1.05%

ROICexc growth 3Y3.05%

ROICexc growth 5Y-1.05%

OM growth 3Y-0.01%

OM growth 5Y-0.52%

PM growth 3Y-33.04%

PM growth 5Y-1.1%

GM growth 3Y-0.62%

GM growth 5Y-0.82%

F-Score4

Asset Turnover0.08

Health

		Industry Rank	Sector Rank
Debt/Equity	0.79
Debt/FCF	18.37
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	2.82
Cash Conversion	N/A
Profit Quality	95.72%
Current Ratio	0.57
Quick Ratio	0.57
Altman-Z	1.44

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)60.15%

Profit Quality(5y)46.4%

High Growth Momentum

Growth

EPS 1Y (TTM)-41.02%

EPS 3Y-23.43%

EPS 5Y5.88%

EPS Q2Q%98.12%

EPS Next Y-51.22%

EPS Next 2Y-28.92%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)3.79%

Revenue growth 3Y11.91%

Revenue growth 5Y6.98%

Sales Q2Q%3.4%

Revenue Next Year6.65%

Revenue Next 2Y5%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y0.65%

EBIT growth 3Y11.9%

EBIT growth 5Y6.42%

EBIT Next Year-7.45%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y9.6%

FCF growth 3Y15.25%

FCF growth 5Y11.94%

OCF growth 1Y9.6%

OCF growth 3Y15.25%

OCF growth 5Y9.31%

MORGUARD NORTH AMERICAN (MRG-DB-B.CA) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens