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

TSX:MRG-DB-B • CA61761EAC45

101.99 CAD
-0.01 (-0.01%)
Last: Feb 10, 2026, 07:00 PM
Overview Stock Chart Technical Analysis News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MRG-DB-B. MRG-DB-B was compared to 14 industry peers in the Residential REITs industry. There are concerns on the financial health of MRG-DB-B while its profitability can be described as average. MRG-DB-B does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • MRG-DB-B had positive earnings in the past year.
  • MRG-DB-B had a positive operating cash flow in the past year.
  • MRG-DB-B had positive earnings in each of the past 5 years.
  • MRG-DB-B had a positive operating cash flow in each of the past 5 years.
MRG-DB-B.CA Yearly Net Income VS EBIT VS OCF VS FCFMRG-DB-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

  • The Return On Assets of MRG-DB-B (2.69%) is comparable to the rest of the industry.
  • The Return On Equity of MRG-DB-B (6.20%) is comparable to the rest of the industry.
  • With a decent Return On Invested Capital value of 3.06%, MRG-DB-B is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for MRG-DB-B is in line with the industry average of 3.07%.
Industry RankSector Rank
ROA 2.69%
ROE 6.2%
ROIC 3.06%
ROA(3y)4.04%
ROA(5y)4.95%
ROE(3y)9.04%
ROE(5y)11.44%
ROIC(3y)3.13%
ROIC(5y)3.1%
MRG-DB-B.CA Yearly ROA, ROE, ROICMRG-DB-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • MRG-DB-B has a Profit Margin (34.91%) which is in line with 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.
  • MRG-DB-B's Operating Margin of 52.49% is in line compared to the rest of the industry. MRG-DB-B outperforms 50.00% of its industry peers.
  • MRG-DB-B's Operating Margin has been stable in the last couple of years.
  • With a Gross Margin value of 58.88%, MRG-DB-B is not doing good in the industry: 85.71% 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 RankSector Rank
OM 52.49%
PM (TTM) 34.91%
GM 58.88%
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%
MRG-DB-B.CA Yearly Profit, Operating, Gross MarginsMRG-DB-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • Compared to 1 year ago, MRG-DB-B has less shares outstanding
  • The number of shares outstanding for MRG-DB-B has been reduced compared to 5 years ago.
  • MRG-DB-B has a worse debt/assets ratio than last year.
MRG-DB-B.CA Yearly Shares OutstandingMRG-DB-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
MRG-DB-B.CA Yearly Total Debt VS Total AssetsMRG-DB-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

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 18.60. This is a negative value and a sign of low solvency as MRG-DB-B would need 18.60 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 18.60, MRG-DB-B is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
  • MRG-DB-B has a Debt/Equity ratio of 0.83. This is a neutral value indicating MRG-DB-B is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.83, MRG-DB-B is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 18.6
Altman-Z 1.44
ROIC/WACCN/A
WACCN/A
MRG-DB-B.CA Yearly LT Debt VS Equity VS FCFMRG-DB-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

  • MRG-DB-B has a Current Ratio of 0.82. 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.
  • Looking at the Current ratio, with a value of 0.82, MRG-DB-B belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • A Quick Ratio of 0.82 indicates that MRG-DB-B may have some problems paying its short term obligations.
  • The Quick ratio of MRG-DB-B (0.82) is better than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.82
MRG-DB-B.CA Yearly Current Assets VS Current LiabilitesMRG-DB-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • MRG-DB-B shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 64.99%, which is quite impressive.
  • MRG-DB-B shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.88% yearly.
  • MRG-DB-B shows a small growth in Revenue. In the last year, the Revenue has grown by 3.83%.
  • 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)64.99%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%137.49%
Revenue 1Y (TTM)3.83%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%2.19%

3.2 Future

  • The Earnings Per Share is expected to decrease by -14.40% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 3.00% on average over the next years.
EPS Next Y-19.16%
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
EPS Next 5YN/A
Revenue Next Year3.7%
Revenue Next 2Y3.12%
Revenue Next 3Y3%
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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MRG-DB-B.CA Yearly Revenue VS EstimatesMRG-DB-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
MRG-DB-B.CA Yearly EPS VS EstimatesMRG-DB-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

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Find the best growth stocksShow best growing peers

0

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 45.74, MRG-DB-B can be considered very expensive at the moment.
  • MRG-DB-B's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 28.18, MRG-DB-B is valued quite expensively.
  • A Price/Forward Earnings ratio of 58.71 indicates a quite expensive valuation of MRG-DB-B.
  • 78.57% of the companies in the same industry are cheaper than MRG-DB-B, based on the Price/Forward Earnings ratio.
  • MRG-DB-B's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.01.
Industry RankSector Rank
PE 45.74
Fwd PE 58.71
MRG-DB-B.CA Price Earnings VS Forward Price EarningsMRG-DB-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 92.86% of the companies in the same industry are cheaper than MRG-DB-B, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 36.96
EV/EBITDA N/A
MRG-DB-B.CA Per share dataMRG-DB-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • MRG-DB-B's earnings are expected to decrease with -14.40% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)7.78
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.17%, MRG-DB-B is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.74, MRG-DB-B pays a bit more dividend than its industry peers.
  • MRG-DB-B's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector 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 does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)2.33%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • MRG-DB-B pays out 21.37% of its income as dividend. This is a sustainable payout ratio.
DP21.37%
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
MRG-DB-B.CA Yearly Income VS Free CF VS DividendMRG-DB-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
MRG-DB-B.CA Dividend Payout.MRG-DB-B.CA Dividend Payout, showing the Payout Ratio.MRG-DB-B.CA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

MORGUARD NORTH AMERICAN

TSX:MRG-DB-B (2/10/2026, 7:00:00 PM)

101.99

-0.01 (-0.01%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)10-27
Earnings (Next)02-10
Inst Owners3.99%
Inst Owner ChangeN/A
Ins Owners4.51%
Ins Owner ChangeN/A
Market Cap3.56B
Revenue(TTM)354.36M
Net Income(TTM)123.69M
Analysts77.5
Price Target124.44 (22.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend0.49
Dividend Growth(5Y)2.33%
DP21.37%
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)-6.05%
PT rev (3m)1.59%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.73%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.15%
Valuation
Industry RankSector Rank
PE 45.74
Fwd PE 58.71
P/S 10.05
P/FCF 36.96
P/OCF 36.96
P/B 1.79
P/tB 1.79
EV/EBITDA N/A
EPS(TTM)2.23
EY2.19%
EPS(NY)1.74
Fwd EY1.7%
FCF(TTM)2.76
FCFY2.71%
OCF(TTM)2.76
OCFY2.71%
SpS10.14
BVpS57.08
TBVpS57.08
PEG (NY)N/A
PEG (5Y)7.78
Graham Number53.52
Profitability
Industry RankSector Rank
ROA 2.69%
ROE 6.2%
ROCE 4.25%
ROIC 3.06%
ROICexc 3.12%
ROICexgc 3.12%
OM 52.49%
PM (TTM) 34.91%
GM 58.88%
FCFM 27.2%
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%
ROICexgc growth 3Y3.05%
ROICexgc 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-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 18.6
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.64
Cash Conversion N/A
Profit Quality 77.94%
Current Ratio 0.82
Quick Ratio 0.82
Altman-Z 1.44
F-Score5
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)64.99%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%137.49%
EPS Next Y-19.16%
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
EPS Next 5YN/A
Revenue 1Y (TTM)3.83%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%2.19%
Revenue Next Year3.7%
Revenue Next 2Y3.12%
Revenue Next 3Y3%
Revenue Next 5YN/A
EBIT growth 1Y2.04%
EBIT growth 3Y11.9%
EBIT growth 5Y6.42%
EBIT Next Year-7.73%
EBIT Next 3Y-0.46%
EBIT Next 5YN/A
FCF growth 1Y19.62%
FCF growth 3Y15.25%
FCF growth 5Y11.94%
OCF growth 1Y19.62%
OCF growth 3Y15.25%
OCF growth 5Y9.31%

MORGUARD NORTH AMERICAN / MRG-DB-B.CA FAQ

What is the fundamental rating for MRG-DB-B stock?

ChartMill assigns a fundamental rating of 3 / 10 to MRG-DB-B.CA.


What is the valuation status for MRG-DB-B stock?

ChartMill assigns a valuation rating of 0 / 10 to MORGUARD NORTH AMERICAN (MRG-DB-B.CA). This can be considered as Overvalued.


What is the profitability of MRG-DB-B stock?

MORGUARD NORTH AMERICAN (MRG-DB-B.CA) has a profitability rating of 5 / 10.


Can you provide the financial health for MRG-DB-B stock?

The financial health rating of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is 3 / 10.


What is the expected EPS growth for MORGUARD NORTH AMERICAN (MRG-DB-B.CA) stock?

The Earnings per Share (EPS) of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is expected to decline by -19.16% in the next year.