SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
Canada - TSX:SGR-UN - CA8310622037 - REIT
14.74 CAD
+0.24 (+1.66%)
SGR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified REITs industry. SGR-UN scores excellent on profitability, but there are concerns on its financial health. SGR-UN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SGR-UN was profitable.
In the past year SGR-UN had a positive cash flow from operations.
SGR-UN had positive earnings in each of the past 5 years.
SGR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SGR-UN (1.73%) is better than 62.16% of its industry peers.
The Return On Equity of SGR-UN (5.81%) is better than 75.68% of its industry peers.
SGR-UN's Return On Invested Capital of 4.29% is fine compared to the rest of the industry. SGR-UN outperforms 70.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SGR-UN is in line with the industry average of 5.56%.
The 3 year average ROIC (4.28%) for SGR-UN is below the current ROIC(4.29%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 5.81% | ||
| ROIC | 4.29% |
ROA(3y)2.67%
ROA(5y)3.23%
ROE(3y)8.39%
ROE(5y)9.68%
ROIC(3y)4.28%
ROIC(5y)4.25%
1.3 Margins
The Profit Margin of SGR-UN (18.36%) is better than 62.16% of its industry peers.
In the last couple of years the Profit Margin of SGR-UN has remained more or less at the same level.
Looking at the Operating Margin, with a value of 61.34%, SGR-UN belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
SGR-UN's Operating Margin has been stable in the last couple of years.
SGR-UN has a Gross Margin of 69.16%. This is in the better half of the industry: SGR-UN outperforms 67.57% of its industry peers.
In the last couple of years the Gross Margin of SGR-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.34% | ||
| PM (TTM) | 18.36% | ||
| GM | 69.16% |
OM growth 3Y-2.08%
OM growth 5Y-0.65%
PM growth 3Y-33.71%
PM growth 5Y-0.33%
GM growth 3Y-1.79%
GM growth 5Y-0.54%
2. Health
2.1 Basic Checks
Compared to 1 year ago, SGR-UN has about the same amount of shares outstanding.
The number of shares outstanding for SGR-UN has been increased compared to 5 years ago.
Compared to 1 year ago, SGR-UN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.56, we must say that SGR-UN is in the distress zone and has some risk of bankruptcy.
SGR-UN has a Altman-Z score (0.56) which is comparable to the rest of the industry.
SGR-UN has a debt to FCF ratio of 15.76. This is a negative value and a sign of low solvency as SGR-UN would need 15.76 years to pay back of all of its debts.
The Debt to FCF ratio of SGR-UN (15.76) is comparable to the rest of the industry.
SGR-UN has a Debt/Equity ratio of 1.75. This is a high value indicating a heavy dependency on external financing.
SGR-UN has a worse Debt to Equity ratio (1.75) than 81.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.75 | ||
| Debt/FCF | 15.76 | ||
| Altman-Z | 0.56 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
SGR-UN has a Current Ratio of 0.75. This is a bad value and indicates that SGR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Current ratio value of 0.75, SGR-UN belongs to the best of the industry, outperforming 89.19% of the companies in the same industry.
A Quick Ratio of 0.75 indicates that SGR-UN may have some problems paying its short term obligations.
The Quick ratio of SGR-UN (0.75) is better than 89.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
SGR-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.29%, which is quite good.
The Earnings Per Share has been growing slightly by 1.12% on average over the past years.
SGR-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.41%.
Measured over the past years, SGR-UN shows a quite strong growth in Revenue. The Revenue has been growing by 8.16% on average per year.
EPS 1Y (TTM)13.29%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%-10.22%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%1.09%
3.2 Future
The Earnings Per Share is expected to grow by 12.22% on average over the next years. This is quite good.
Based on estimates for the next years, SGR-UN will show a small growth in Revenue. The Revenue will grow by 3.78% on average per year.
EPS Next Y42.67%
EPS Next 2Y16.62%
EPS Next 3Y12.22%
EPS Next 5YN/A
Revenue Next Year2.42%
Revenue Next 2Y2.38%
Revenue Next 3Y3.78%
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 accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.75, which indicates a correct valuation of SGR-UN.
Compared to the rest of the industry, the Price/Earnings ratio of SGR-UN indicates a somewhat cheap valuation: SGR-UN is cheaper than 72.97% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.41, SGR-UN is valued a bit cheaper.
SGR-UN is valuated reasonably with a Price/Forward Earnings ratio of 10.40.
SGR-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. SGR-UN is cheaper than 86.49% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.88. SGR-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.75 | ||
| Fwd PE | 10.4 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SGR-UN indicates a somewhat cheap valuation: SGR-UN is cheaper than 75.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.46 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SGR-UN may justify a higher PE ratio.
SGR-UN's earnings are expected to grow with 12.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.39
PEG (5Y)14.94
EPS Next 2Y16.62%
EPS Next 3Y12.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.00%, SGR-UN is a good candidate for dividend investing.
SGR-UN's Dividend Yield is a higher than the industry average which is at 7.90.
SGR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
5.2 History
The dividend of SGR-UN decreases each year by -0.01%.
SGR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SGR-UN decreased in the last 3 years.
Dividend Growth(5Y)-0.01%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
130.79% of the earnings are spent on dividend by SGR-UN. This is not a sustainable payout ratio.
DP130.79%
EPS Next 2Y16.62%
EPS Next 3Y12.22%
TSX:SGR-UN (9/18/2025, 7:00:00 PM)
14.74
+0.24 (+1.66%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners12.97%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap869.81M
Analysts71.11
Price Target11.22 (-23.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.2
Dividend Growth(5Y)-0.01%
DP130.79%
Div Incr Years1
Div Non Decr Years2
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.93%
EPS NY rev (3m)-0.93%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.75 | ||
| Fwd PE | 10.4 | ||
| P/S | 3 | ||
| P/FCF | 8.46 | ||
| P/OCF | 8.46 | ||
| P/B | 0.95 | ||
| P/tB | 0.95 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.88
EY5.97%
EPS(NY)1.42
Fwd EY9.61%
FCF(TTM)1.74
FCFY11.82%
OCF(TTM)1.74
OCFY11.82%
SpS4.91
BVpS15.52
TBVpS15.52
PEG (NY)0.39
PEG (5Y)14.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 5.81% | ||
| ROCE | 5.96% | ||
| ROIC | 4.29% | ||
| ROICexc | 4.34% | ||
| ROICexgc | 4.34% | ||
| OM | 61.34% | ||
| PM (TTM) | 18.36% | ||
| GM | 69.16% | ||
| FCFM | 35.44% |
ROA(3y)2.67%
ROA(5y)3.23%
ROE(3y)8.39%
ROE(5y)9.68%
ROIC(3y)4.28%
ROIC(5y)4.25%
ROICexc(3y)4.33%
ROICexc(5y)4.28%
ROICexgc(3y)4.33%
ROICexgc(5y)4.28%
ROCE(3y)5.95%
ROCE(5y)5.9%
ROICexcg growth 3Y3.98%
ROICexcg growth 5Y-3.9%
ROICexc growth 3Y3.98%
ROICexc growth 5Y-3.9%
OM growth 3Y-2.08%
OM growth 5Y-0.65%
PM growth 3Y-33.71%
PM growth 5Y-0.33%
GM growth 3Y-1.79%
GM growth 5Y-0.54%
F-Score7
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.75 | ||
| Debt/FCF | 15.76 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.27 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 193.02% | ||
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 0.56 |
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)246.45%
Profit Quality(5y)178.48%
High Growth Momentum
Growth
EPS 1Y (TTM)13.29%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%-10.22%
EPS Next Y42.67%
EPS Next 2Y16.62%
EPS Next 3Y12.22%
EPS Next 5YN/A
Revenue 1Y (TTM)2.41%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%1.09%
Revenue Next Year2.42%
Revenue Next 2Y2.38%
Revenue Next 3Y3.78%
Revenue Next 5YN/A
EBIT growth 1Y3.33%
EBIT growth 3Y12.39%
EBIT growth 5Y7.45%
EBIT Next Year-13.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.9%
FCF growth 3Y11.79%
FCF growth 5Y9.8%
OCF growth 1Y9.9%
OCF growth 3Y11.79%
OCF growth 5Y9.8%