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

Canada - Toronto Stock Exchange - TSX:MRG-DB-B - CA61761EAC45

103.28 CAD
+0.77 (+0.75%)
Last: 1/22/2026, 7:00:00 PM
Fundamental Rating

3

Overall MRG-DB-B gets a fundamental rating of 3 out of 10. We evaluated MRG-DB-B against 14 industry peers in the Residential REITs industry. MRG-DB-B has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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

  • In the past year MRG-DB-B was profitable.
  • 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.
  • In the past 5 years MRG-DB-B always reported a positive cash flow from operatings.
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

  • MRG-DB-B has a Return On Assets of 2.69%. This is comparable to the rest of the industry: MRG-DB-B outperforms 57.14% of its industry peers.
  • MRG-DB-B has a Return On Equity (6.20%) which is in line with its industry peers.
  • MRG-DB-B's Return On Invested Capital of 3.06% is fine compared to the rest of the industry. MRG-DB-B outperforms 64.29% of its industry peers.
  • MRG-DB-B had an Average Return On Invested Capital over the past 3 years of 3.13%. This 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

  • With a Profit Margin value of 34.91%, MRG-DB-B perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MRG-DB-B has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 52.49%, MRG-DB-B is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • 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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3

2. Health

2.1 Basic Checks

  • Compared to 1 year ago, MRG-DB-B has less shares outstanding
  • Compared to 5 years ago, MRG-DB-B has less shares outstanding
  • Compared to 1 year ago, MRG-DB-B has a worse debt to assets ratio.
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.
  • Looking at the Debt to FCF ratio, with a value of 18.60, MRG-DB-B is doing worse than 78.57% of the companies in the same industry.
  • A Debt/Equity ratio of 0.83 indicates that MRG-DB-B is somewhat dependend on debt financing.
  • MRG-DB-B has a worse Debt to Equity ratio (0.83) than 71.43% of its industry peers.
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.
  • MRG-DB-B has a Current ratio of 0.82. This is amongst the best in the industry. MRG-DB-B outperforms 85.71% of its industry peers.
  • MRG-DB-B has a Quick 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.
  • MRG-DB-B has a better Quick ratio (0.82) 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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3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 64.99% over the past year.
  • 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.
  • The Revenue has been growing slightly by 3.83% in the past year.
  • Measured over the past years, MRG-DB-B shows a small growth in Revenue. The Revenue has been growing by 6.98% on average per year.
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
  • Based on estimates for the next years, MRG-DB-B will show a small growth in Revenue. The Revenue will grow by 3.00% on average per year.
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.
  • 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.
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. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 46.31, MRG-DB-B can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as MRG-DB-B.
  • The average S&P500 Price/Earnings ratio is at 27.32. MRG-DB-B is valued rather expensively when compared to this.
  • With a Price/Forward Earnings ratio of 59.45, MRG-DB-B can be considered very expensive at the moment.
  • MRG-DB-B's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MRG-DB-B is more expensive than 78.57% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.32. MRG-DB-B is valued rather expensively when compared to this.
Industry RankSector Rank
PE 46.31
Fwd PE 59.45
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 37.42
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)7.88
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%

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5

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 a higher than the industry average which is at 4.73.
  • MRG-DB-B's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
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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MORGUARD NORTH AMERICAN

TSX:MRG-DB-B (1/22/2026, 7:00:00 PM)

103.28

+0.77 (+0.75%)

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 Cap3.61B
Revenue(TTM)354.36M
Net Income(TTM)123.69M
Analysts77.5
Price Target132.45 (28.24%)
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)-5.83%
PT rev (3m)8.13%
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 46.31
Fwd PE 59.45
P/S 10.18
P/FCF 37.42
P/OCF 37.42
P/B 1.81
P/tB 1.81
EV/EBITDA N/A
EPS(TTM)2.23
EY2.16%
EPS(NY)1.74
Fwd EY1.68%
FCF(TTM)2.76
FCFY2.67%
OCF(TTM)2.76
OCFY2.67%
SpS10.14
BVpS57.08
TBVpS57.08
PEG (NY)N/A
PEG (5Y)7.88
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.