SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
TSX:SGR-UN - Toronto Stock Exchange - CA8310622037 - REIT - Currency: CAD
Taking everything into account, SGR-UN scores 5 out of 10 in our fundamental rating. SGR-UN was compared to 37 industry peers in the Diversified REITs industry. While SGR-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. SGR-UN is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
SGR-UN had positive earnings in the past year.
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.
Each year in the past 5 years SGR-UN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.71%, SGR-UN is in the better half of the industry, outperforming 62.16% of the companies in the same industry.
Looking at the Return On Equity, with a value of 5.68%, SGR-UN is in the better half of the industry, outperforming 78.38% of the companies in the same industry.
SGR-UN has a Return On Invested Capital of 4.33%. This is comparable to the rest of the industry: SGR-UN outperforms 54.05% 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 4.57%.
The 3 year average ROIC (4.28%) for SGR-UN is below the current ROIC(4.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.68% | ||
| ROIC | 4.33% |
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
SGR-UN has a Profit Margin of 18.30%. This is in the better half of the industry: SGR-UN outperforms 64.86% 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.
SGR-UN has a better Operating Margin (61.36%) than 72.97% of its industry peers.
SGR-UN's Operating Margin has been stable in the last couple of years.
SGR-UN has a better Gross Margin (69.10%) than 67.57% of its industry peers.
SGR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.36% | ||
| PM (TTM) | 18.3% | ||
| GM | 69.1% |
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
SGR-UN has about the same amout of shares outstanding than it did 1 year ago.
SGR-UN has more shares outstanding than it did 5 years ago.
SGR-UN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.54, we must say that SGR-UN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.54, SGR-UN is in line with its industry, outperforming 54.05% of the companies in the same industry.
SGR-UN has a debt to FCF ratio of 16.44. This is a negative value and a sign of low solvency as SGR-UN would need 16.44 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 16.44, SGR-UN is in line with its industry, outperforming 56.76% of the companies in the same industry.
SGR-UN has a Debt/Equity ratio of 1.66. This is a high value indicating a heavy dependency on external financing.
SGR-UN has a worse Debt to Equity ratio (1.66) than 78.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.66 | ||
| Debt/FCF | 16.44 | ||
| Altman-Z | 0.54 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
SGR-UN has a Current Ratio of 0.58. 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 0.58, SGR-UN belongs to the best of the industry, outperforming 91.89% of the companies in the same industry.
A Quick Ratio of 0.58 indicates that SGR-UN may have some problems paying its short term obligations.
SGR-UN's Quick ratio of 0.58 is amongst the best of the industry. SGR-UN outperforms 91.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 157.99% over the past year.
Measured over the past 5 years, SGR-UN shows a small growth in Earnings Per Share. The EPS has been growing by 1.12% on average per year.
SGR-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.88%.
The Revenue has been growing by 8.16% on average over the past years. This is quite good.
EPS 1Y (TTM)157.99%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%256.89%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%2.98%
3.2 Future
SGR-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.20% yearly.
SGR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.71% yearly.
EPS Next Y44%
EPS Next 2Y22.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.88%
Revenue Next 2Y4.71%
Revenue Next 3YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.78, SGR-UN is valued correctly.
Based on the Price/Earnings ratio, SGR-UN is valued a bit cheaper than the industry average as 72.97% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 28.79, SGR-UN is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 9.19, the valuation of SGR-UN can be described as reasonable.
Based on the Price/Forward Earnings ratio, SGR-UN is valued cheaper than 83.78% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. SGR-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.78 | ||
| Fwd PE | 9.19 |
4.2 Price Multiples
70.27% of the companies in the same industry are more expensive than SGR-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.33 | ||
| 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.
A more expensive valuation may be justified as SGR-UN's earnings are expected to grow with 22.20% in the coming years.
PEG (NY)0.36
PEG (5Y)14.08
EPS Next 2Y22.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.00%, SGR-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.01, SGR-UN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.51, SGR-UN pays a better dividend.
| 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.
SGR-UN has decreased its dividend recently.
Dividend Growth(5Y)-0.01%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SGR-UN pays out 133.46% of its income as dividend. This is not a sustainable payout ratio.
DP133.46%
EPS Next 2Y22.2%
EPS Next 3YN/A
TSX:SGR-UN (4/25/2025, 7:00:00 PM)
13.89
-0.05 (-0.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners12.09%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap819.65M
Analysts71.11
Price Target11.02 (-20.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.2
Dividend Growth(5Y)-0.01%
DP133.46%
Div Incr Years0
Div Non Decr Years1
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)0.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)20%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.78 | ||
| Fwd PE | 9.19 | ||
| P/S | 2.83 | ||
| P/FCF | 8.33 | ||
| P/OCF | 8.33 | ||
| P/B | 0.88 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.88
EY6.34%
EPS(NY)1.51
Fwd EY10.89%
FCF(TTM)1.67
FCFY12%
OCF(TTM)1.67
OCFY12%
SpS4.91
BVpS15.82
TBVpS15.82
PEG (NY)0.36
PEG (5Y)14.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.71% | ||
| ROE | 5.68% | ||
| ROCE | 6.02% | ||
| ROIC | 4.33% | ||
| ROICexc | 4.38% | ||
| ROICexgc | 4.38% | ||
| OM | 61.36% | ||
| PM (TTM) | 18.3% | ||
| GM | 69.1% | ||
| FCFM | 33.94% |
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 | 1.66 | ||
| Debt/FCF | 16.44 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 185.41% | ||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | 0.54 |
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)157.99%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%256.89%
EPS Next Y44%
EPS Next 2Y22.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.88%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%2.98%
Revenue Next Year2.88%
Revenue Next 2Y4.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.58%
EBIT growth 3Y12.39%
EBIT growth 5Y7.45%
EBIT Next Year-13.57%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-6.98%
FCF growth 3Y11.79%
FCF growth 5Y9.8%
OCF growth 1Y-6.98%
OCF growth 3Y11.79%
OCF growth 5Y9.8%