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

TSX:MRG-DB-B • CA61761EAC45

102.01 CAD
+0.49 (+0.48%)
Last: Feb 26, 2026, 07:00 PM
Overview Stock Chart Technical Analysis News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to MRG-DB-B. MRG-DB-B was compared to 13 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 has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year MRG-DB-B was profitable.
  • In the past year MRG-DB-B had a positive cash flow from operations.
  • In the past 5 years MRG-DB-B has always been profitable.
  • Each year in the past 5 years MRG-DB-B had a positive operating cash flow.
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 better Return On Assets (2.69%) than 64.29% of its industry peers.
  • The Return On Equity of MRG-DB-B (6.20%) is better than 64.29% of 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 3.30%.
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 decent Profit Margin value of 34.91%, MRG-DB-B is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • MRG-DB-B's Profit Margin has been stable in the last couple of years.
  • MRG-DB-B has a Operating Margin (52.49%) which is comparable to the rest of the industry.
  • MRG-DB-B's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.88%, MRG-DB-B is doing worse than 85.71% of the companies in the same industry.
  • 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

  • The number of shares outstanding for MRG-DB-B has been reduced compared to 1 year ago.
  • The number of shares outstanding for MRG-DB-B has been reduced compared to 5 years ago.
  • The debt/assets ratio for MRG-DB-B is higher 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 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

  • Based on the Altman-Z score of 1.44, we must say that MRG-DB-B is in the distress zone and has some risk of bankruptcy.
  • MRG-DB-B's Altman-Z score of 1.44 is amongst the best of the industry. MRG-DB-B outperforms 100.00% of its industry peers.
  • The Debt to FCF ratio of MRG-DB-B is 18.60, which is on the high side as it means it would take MRG-DB-B, 18.60 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 18.60, MRG-DB-B is doing worse than 85.71% 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.
  • The Debt to Equity ratio of MRG-DB-B (0.83) is worse 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

  • A Current Ratio of 0.82 indicates that MRG-DB-B may have some problems paying its short term obligations.
  • MRG-DB-B's Current ratio of 0.82 is amongst the best of the industry. MRG-DB-B outperforms 92.86% 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's Quick ratio of 0.82 is amongst the best of the industry. MRG-DB-B outperforms 92.86% 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

  • 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.
  • MRG-DB-B shows a small growth in Revenue. In the last year, the Revenue has grown by 3.83%.
  • The Revenue has been growing slightly by 6.98% on average over the past years.
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

  • Based on estimates for the next years, MRG-DB-B will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.40% on average per year.
  • The Revenue is expected to grow by 2.73% 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 2Y2.65%
Revenue Next 3Y2.73%
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.
  • 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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1

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 45.74, the valuation of MRG-DB-B can be described as expensive.
  • MRG-DB-B's Price/Earnings ratio is a bit more expensive when compared to the industry. MRG-DB-B is more expensive than 64.29% of the companies in the same industry.
  • MRG-DB-B's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.10.
  • The Price/Forward Earnings ratio is 58.72, which means the current valuation is very expensive for MRG-DB-B.
  • 85.71% of the companies in the same industry are cheaper than MRG-DB-B, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of MRG-DB-B to the average of the S&P500 Index (28.06), we can say MRG-DB-B is valued expensively.
Industry RankSector Rank
PE 45.74
Fwd PE 58.72
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

  • MRG-DB-B's Price/Free Cash Flow ratio is rather expensive when compared to the industry. MRG-DB-B is more expensive than 92.86% of the companies in the same industry.
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 has a very decent profitability rating, which may justify a higher PE ratio.
  • 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 4.60, MRG-DB-B pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, MRG-DB-B pays a better dividend.
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 (2/26/2026, 7:00:00 PM)

102.01

+0.49 (+0.48%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-10
Earnings (Next)04-27
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 Target122.53 (20.12%)
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)-7.49%
PT rev (3m)-7.48%
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)-1.15%
Valuation
Industry RankSector Rank
PE 45.74
Fwd PE 58.72
P/S 10.06
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 2Y2.65%
Revenue Next 3Y2.73%
Revenue Next 5YN/A
EBIT growth 1Y2.04%
EBIT growth 3Y11.9%
EBIT growth 5Y6.42%
EBIT Next Year-7.73%
EBIT Next 3Y-1.31%
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.