PLAZA RETAIL REIT (PLZ-UN.CA) Stock Fundamental Analysis
TSX:PLZ-UN - Toronto Stock Exchange - CA72820F1036 - REIT - Currency: CAD
Overall PLZ-UN gets a fundamental rating of 5 out of 10. We evaluated PLZ-UN against 43 industry peers in the Diversified REITs industry. While PLZ-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. PLZ-UN has a decent growth rate and is not valued too expensively. Finally PLZ-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year PLZ-UN was profitable.
PLZ-UN had a positive operating cash flow in the past year.
Of the past 5 years PLZ-UN 4 years were profitable.
In the past 5 years PLZ-UN always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 1.05%, PLZ-UN is doing good in the industry, outperforming 65.12% of the companies in the same industry.
PLZ-UN's Return On Equity of 2.41% is fine compared to the rest of the industry. PLZ-UN outperforms 65.12% of its industry peers.
PLZ-UN's Return On Invested Capital of 4.46% is fine compared to the rest of the industry. PLZ-UN outperforms 62.79% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLZ-UN is in line with the industry average of 5.49%.
The last Return On Invested Capital (4.46%) for PLZ-UN is above the 3 year average (4.30%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 2.41% | ||
| ROIC | 4.46% |
ROA(3y)4.68%
ROA(5y)3.43%
ROE(3y)11.42%
ROE(5y)8.35%
ROIC(3y)4.3%
ROIC(5y)4.4%
1.3 Margins
PLZ-UN's Profit Margin of 10.90% is fine compared to the rest of the industry. PLZ-UN outperforms 65.12% of its industry peers.
In the last couple of years the Profit Margin of PLZ-UN has grown nicely.
PLZ-UN has a better Operating Margin (56.05%) than 60.47% of its industry peers.
In the last couple of years the Operating Margin of PLZ-UN has remained more or less at the same level.
PLZ-UN's Gross Margin of 85.71% is amongst the best of the industry. PLZ-UN outperforms 97.67% of its industry peers.
In the last couple of years the Gross Margin of PLZ-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 56.05% | ||
| PM (TTM) | 10.9% | ||
| GM | 85.71% |
OM growth 3Y-0.33%
OM growth 5Y1.1%
PM growth 3YN/A
PM growth 5Y8.75%
GM growth 3Y9.81%
GM growth 5Y6.76%
2. Health
2.1 Basic Checks
Compared to 1 year ago, PLZ-UN has more shares outstanding
Compared to 5 years ago, PLZ-UN has more shares outstanding
Compared to 1 year ago, PLZ-UN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.72, we must say that PLZ-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.72, PLZ-UN perfoms like the industry average, outperforming 58.14% of the companies in the same industry.
The Debt to FCF ratio of PLZ-UN is 16.54, which is on the high side as it means it would take PLZ-UN, 16.54 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 16.54, PLZ-UN is doing good in the industry, outperforming 65.12% of the companies in the same industry.
PLZ-UN has a Debt/Equity ratio of 0.98. This is a neutral value indicating PLZ-UN is somewhat dependend on debt financing.
PLZ-UN has a better Debt to Equity ratio (0.98) than 65.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 16.54 | ||
| Altman-Z | 0.72 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.17 indicates that PLZ-UN may have some problems paying its short term obligations.
PLZ-UN has a Current ratio (0.17) which is in line with its industry peers.
PLZ-UN has a Quick Ratio of 0.17. This is a bad value and indicates that PLZ-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of PLZ-UN (0.17) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
PLZ-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -67.18%.
PLZ-UN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.80% yearly.
PLZ-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.78%.
PLZ-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.86% yearly.
EPS 1Y (TTM)-67.18%
EPS 3YN/A
EPS 5Y8.8%
EPS Q2Q%53.2%
Revenue 1Y (TTM)5.78%
Revenue growth 3Y2.19%
Revenue growth 5Y1.86%
Sales Q2Q%7.51%
3.2 Future
Based on estimates for the next years, PLZ-UN will show a small growth in Earnings Per Share. The EPS will grow by 7.95% on average per year.
The Revenue is expected to grow by 4.74% on average over the next years.
EPS Next Y-22.58%
EPS Next 2Y10.72%
EPS Next 3Y7.95%
EPS Next 5YN/A
Revenue Next Year6.14%
Revenue Next 2Y4.71%
Revenue Next 3Y4.74%
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 stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 30.75, PLZ-UN can be considered very expensive at the moment.
PLZ-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. PLZ-UN is cheaper than 67.44% of the companies in the same industry.
PLZ-UN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.62.
A Price/Forward Earnings ratio of 9.61 indicates a reasonable valuation of PLZ-UN.
PLZ-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. PLZ-UN is cheaper than 81.40% of the companies in the same industry.
PLZ-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.75 | ||
| Fwd PE | 9.61 |
4.2 Price Multiples
PLZ-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PLZ-UN is cheaper than 62.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.13 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PLZ-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.5
EPS Next 2Y10.72%
EPS Next 3Y7.95%
5. Dividend
5.1 Amount
PLZ-UN has a Yearly Dividend Yield of 6.97%, which is a nice return.
Compared to an average industry Dividend Yield of 8.03, PLZ-UN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, PLZ-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.97% |
5.2 History
The dividend of PLZ-UN has a limited annual growth rate of 3.64%.
PLZ-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
PLZ-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years19
5.3 Sustainability
PLZ-UN pays out 236.99% of its income as dividend. This is not a sustainable payout ratio.
PLZ-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP236.99%
EPS Next 2Y10.72%
EPS Next 3Y7.95%
TSX:PLZ-UN (2/21/2025, 7:00:00 PM)
3.69
+0.01 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners1.32%
Inst Owner ChangeN/A
Ins Owners13.26%
Ins Owner ChangeN/A
Market Cap407.45M
Analysts77.78
Price Target4.29 (16.26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.97% |
Yearly Dividend0.29
Dividend Growth(5Y)3.64%
DP236.99%
Div Incr Years0
Div Non Decr Years19
Ex-Date
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)1.04%
PT rev (3m)1.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-17.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.75 | ||
| Fwd PE | 9.61 | ||
| P/S | 3.41 | ||
| P/FCF | 10.13 | ||
| P/OCF | 10.13 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.12
EY3.25%
EPS(NY)0.38
Fwd EY10.4%
FCF(TTM)0.36
FCFY9.87%
OCF(TTM)0.36
OCFY9.87%
SpS1.08
BVpS4.89
TBVpS4.89
PEG (NY)N/A
PEG (5Y)3.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.05% | ||
| ROE | 2.41% | ||
| ROCE | 6.4% | ||
| ROIC | 4.46% | ||
| ROICexc | 4.5% | ||
| ROICexgc | 4.5% | ||
| OM | 56.05% | ||
| PM (TTM) | 10.9% | ||
| GM | 85.71% | ||
| FCFM | 33.62% |
ROA(3y)4.68%
ROA(5y)3.43%
ROE(3y)11.42%
ROE(5y)8.35%
ROIC(3y)4.3%
ROIC(5y)4.4%
ROICexc(3y)4.34%
ROICexc(5y)4.43%
ROICexgc(3y)4.34%
ROICexgc(5y)4.43%
ROCE(3y)6.21%
ROCE(5y)6.31%
ROICexcg growth 3Y-1.63%
ROICexcg growth 5Y0.18%
ROICexc growth 3Y-1.63%
ROICexc growth 5Y0.18%
OM growth 3Y-0.33%
OM growth 5Y1.1%
PM growth 3YN/A
PM growth 5Y8.75%
GM growth 3Y9.81%
GM growth 5Y6.76%
F-Score7
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 16.54 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.58 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 308.37% | ||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z | 0.72 |
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)109.76%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-67.18%
EPS 3YN/A
EPS 5Y8.8%
EPS Q2Q%53.2%
EPS Next Y-22.58%
EPS Next 2Y10.72%
EPS Next 3Y7.95%
EPS Next 5YN/A
Revenue 1Y (TTM)5.78%
Revenue growth 3Y2.19%
Revenue growth 5Y1.86%
Sales Q2Q%7.51%
Revenue Next Year6.14%
Revenue Next 2Y4.71%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
EBIT growth 1Y1.17%
EBIT growth 3Y1.85%
EBIT growth 5Y2.99%
EBIT Next Year-2.31%
EBIT Next 3Y1.98%
EBIT Next 5YN/A
FCF growth 1Y1.06%
FCF growth 3Y10.06%
FCF growth 5Y4.7%
OCF growth 1Y1.06%
OCF growth 3Y10.06%
OCF growth 5Y4.7%