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

TSX:MRG-DB-B • CA61761EAC45

Current stock price

102.35 CAD
+1.23 (+1.22%)
Last:

This MRG-DB-B.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. MRG-DB-B.CA Profitability Analysis

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.
  • Each year in the past 5 years MRG-DB-B has been profitable.
  • 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 2025 50M 100M 150M 200M

1.2 Ratios

  • The Return On Assets of MRG-DB-B (2.27%) is better than 71.43% of its industry peers.
  • With a decent Return On Equity value of 5.16%, MRG-DB-B is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 3.19%, MRG-DB-B is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for MRG-DB-B is in line with the industry average of 3.25%.
Industry RankSector Rank
ROA 2.27%
ROE 5.16%
ROIC 3.19%
ROA(3y)2.93%
ROA(5y)4.27%
ROE(3y)6.59%
ROE(5y)9.72%
ROIC(3y)3.2%
ROIC(5y)3.07%
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 2025 5 10 15

1.3 Margins

  • MRG-DB-B has a Profit Margin of 29.03%. This is in the better half of the industry: MRG-DB-B outperforms 64.29% of its industry peers.
  • In the last couple of years the Profit Margin of MRG-DB-B has declined.
  • With a Operating Margin value of 53.50%, MRG-DB-B perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MRG-DB-B has remained more or less at the same level.
  • With a Gross Margin value of 59.85%, MRG-DB-B is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of MRG-DB-B has remained more or less at the same level.
Industry RankSector Rank
OM 53.5%
PM (TTM) 29.03%
GM 59.85%
OM growth 3Y-0.49%
OM growth 5Y-0.36%
PM growth 3Y-28.29%
PM growth 5Y-16.25%
GM growth 3Y-0.88%
GM growth 5Y-0.57%
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 2025 20 40 60 80

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4

2. MRG-DB-B.CA Health Analysis

2.1 Basic Checks

  • MRG-DB-B has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MRG-DB-B has less shares outstanding
  • The debt/assets ratio for MRG-DB-B has been reduced compared to a year ago.
MRG-DB-B.CA Yearly Shares OutstandingMRG-DB-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.46, we must say that MRG-DB-B is in the distress zone and has some risk of bankruptcy.
  • MRG-DB-B has a Altman-Z score of 1.46. This is amongst the best in the industry. MRG-DB-B outperforms 100.00% of its industry peers.
  • MRG-DB-B has a debt to FCF ratio of 20.18. This is a negative value and a sign of low solvency as MRG-DB-B would need 20.18 years to pay back of all of its debts.
  • MRG-DB-B has a worse Debt to FCF ratio (20.18) than 78.57% of its industry peers.
  • A Debt/Equity ratio of 0.79 indicates that MRG-DB-B is somewhat dependend on debt financing.
  • MRG-DB-B has a Debt to Equity ratio of 0.79. This is comparable to the rest of the industry: MRG-DB-B outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 20.18
Altman-Z 1.46
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 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • MRG-DB-B has a Current Ratio of 0.59. 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.
  • The Current ratio of MRG-DB-B (0.59) is better than 85.71% of its industry peers.
  • MRG-DB-B has a Quick Ratio of 0.59. 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.
  • With an excellent Quick ratio value of 0.59, MRG-DB-B belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.59
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 2025 50M 100M 150M 200M 250M

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

2

3. MRG-DB-B.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.09% over the past year.
  • The Earnings Per Share has been decreasing by -8.34% on average over the past years.
  • Looking at the last year, MRG-DB-B shows a small growth in Revenue. The Revenue has grown by 3.04% in the last year.
  • MRG-DB-B shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.36% yearly.
EPS 1Y (TTM)5.09%
EPS 3Y-19.69%
EPS 5Y-8.34%
EPS Q2Q%-41.12%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y8.39%
Revenue growth 5Y7.36%
Sales Q2Q%0.32%

3.2 Future

  • The Earnings Per Share is expected to decrease by -11.92% on average over the next years. This is quite bad
  • Based on estimates for the next years, MRG-DB-B will show a small growth in Revenue. The Revenue will grow by 2.03% on average per year.
EPS Next Y-25.86%
EPS Next 2Y-11.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.89%
Revenue Next 2Y2.03%
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.
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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0

4. MRG-DB-B.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 54.73, 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.
  • The average S&P500 Price/Earnings ratio is at 26.91. MRG-DB-B is valued rather expensively when compared to this.
  • The Price/Forward Earnings ratio is 58.92, which means the current valuation is very expensive for MRG-DB-B.
  • MRG-DB-B's Price/Forward Earnings ratio is rather expensive when compared to the industry. MRG-DB-B is more expensive than 85.71% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. MRG-DB-B is valued rather expensively when compared to this.
Industry RankSector Rank
PE 54.73
Fwd PE 58.92
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 40.75
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

  • A cheap valuation may be justified as MRG-DB-B's earnings are expected to decrease with -11.92% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-11.92%
EPS Next 3YN/A

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

5

5. MRG-DB-B.CA Dividend Analysis

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 4.88, 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 1.89.
Industry RankSector Rank
Dividend Yield 4.17%

5.2 History

  • The dividend of MRG-DB-B has a limited annual growth rate of 0.98%.
  • MRG-DB-B does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)0.98%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • MRG-DB-B pays out 25.56% of its income as dividend. This is a sustainable payout ratio.
DP25.56%
EPS Next 2Y-11.92%
EPS Next 3YN/A
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 2025 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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MRG-DB-B.CA Fundamentals: All Metrics, Ratios and Statistics

MORGUARD NORTH AMERICAN

TSX:MRG-DB-B (3/30/2026, 7:00:00 PM)

102.35

+1.23 (+1.22%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners3.94%
Inst Owner ChangeN/A
Ins Owners4.54%
Ins Owner ChangeN/A
Market Cap3.58B
Revenue(TTM)354.65M
Net Income(TTM)102.97M
Analysts77.5
Price Target122.53 (19.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend0.5
Dividend Growth(5Y)0.98%
DP25.56%
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%
PT rev (3m)-7.49%
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)-1.62%
Valuation
Industry RankSector Rank
PE 54.73
Fwd PE 58.92
P/S 10.08
P/FCF 40.75
P/OCF 40.75
P/B 1.79
P/tB 1.79
EV/EBITDA N/A
EPS(TTM)1.87
EY1.83%
EPS(NY)1.74
Fwd EY1.7%
FCF(TTM)2.51
FCFY2.45%
OCF(TTM)2.51
OCFY2.45%
SpS10.15
BVpS57.09
TBVpS57.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number49.01
Profitability
Industry RankSector Rank
ROA 2.27%
ROE 5.16%
ROCE 4.43%
ROIC 3.19%
ROICexc 3.28%
ROICexgc 3.28%
OM 53.5%
PM (TTM) 29.03%
GM 59.85%
FCFM 24.75%
ROA(3y)2.93%
ROA(5y)4.27%
ROE(3y)6.59%
ROE(5y)9.72%
ROIC(3y)3.2%
ROIC(5y)3.07%
ROICexc(3y)3.24%
ROICexc(5y)3.11%
ROICexgc(3y)3.24%
ROICexgc(5y)3.11%
ROCE(3y)4.44%
ROCE(5y)4.27%
ROICexgc growth 3Y3.17%
ROICexgc growth 5Y-0.46%
ROICexc growth 3Y3.17%
ROICexc growth 5Y-0.46%
OM growth 3Y-0.49%
OM growth 5Y-0.36%
PM growth 3Y-28.29%
PM growth 5Y-16.25%
GM growth 3Y-0.88%
GM growth 5Y-0.57%
F-Score7
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 20.18
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.62
Cash Conversion N/A
Profit Quality 85.23%
Current Ratio 0.59
Quick Ratio 0.59
Altman-Z 1.46
F-Score7
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)73.42%
Profit Quality(5y)56.17%
High Growth Momentum
Growth
EPS 1Y (TTM)5.09%
EPS 3Y-19.69%
EPS 5Y-8.34%
EPS Q2Q%-41.12%
EPS Next Y-25.86%
EPS Next 2Y-11.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.04%
Revenue growth 3Y8.39%
Revenue growth 5Y7.36%
Sales Q2Q%0.32%
Revenue Next Year0.89%
Revenue Next 2Y2.03%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.58%
EBIT growth 3Y7.86%
EBIT growth 5Y6.96%
EBIT Next Year-11.29%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1.88%
FCF growth 3Y5.3%
FCF growth 5Y14.71%
OCF growth 1Y1.88%
OCF growth 3Y5.3%
OCF growth 5Y11.85%

MORGUARD NORTH AMERICAN / MRG-DB-B.CA Fundamental Analysis 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.


How profitable is MORGUARD NORTH AMERICAN (MRG-DB-B.CA) stock?

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


What are the PE and PB ratios of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) stock?

The Price/Earnings (PE) ratio for MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is 54.73 and the Price/Book (PB) ratio is 1.79.


What is the earnings growth outlook for MORGUARD NORTH AMERICAN?

The Earnings per Share (EPS) of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is expected to decline by -25.86% in the next year.