SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
TSX:SGR-UN - Toronto Stock Exchange - CA8310622037 - REIT - Currency: CAD
SGR-UN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 43 industry peers in the Diversified REITs industry. SGR-UN has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on SGR-UN.
1. Profitability
1.1 Basic Checks
SGR-UN had positive earnings in the past year.
SGR-UN had a positive operating cash flow in the past year.
Each year in the past 5 years SGR-UN has been profitable.
Each year in the past 5 years SGR-UN had a positive operating cash flow.
1.2 Ratios
SGR-UN's Return On Assets of 1.71% is fine compared to the rest of the industry. SGR-UN outperforms 72.09% of its industry peers.
Looking at the Return On Equity, with a value of 5.68%, SGR-UN belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
SGR-UN's Return On Invested Capital of 4.33% is in line compared to the rest of the industry. SGR-UN outperforms 53.49% of its industry peers.
SGR-UN had an Average Return On Invested Capital over the past 3 years of 4.28%. This is in line with the industry average of 5.49%.
The last Return On Invested Capital (4.33%) for SGR-UN is above the 3 year average (4.28%), which is a sign of increasing profitability.
| 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 better Profit Margin (18.30%) than 74.42% of its industry peers.
SGR-UN's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 61.36%, SGR-UN is in the better half of the industry, outperforming 76.74% of the companies in the same industry.
In the last couple of years the Operating Margin of SGR-UN has remained more or less at the same level.
SGR-UN's Gross Margin of 69.10% is fine compared to the rest of the industry. SGR-UN outperforms 67.44% 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
The number of shares outstanding for SGR-UN remains at a similar level compared to 1 year ago.
SGR-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SGR-UN is higher compared to a year ago.
2.2 Solvency
SGR-UN has an Altman-Z score of 0.54. This is a bad value and indicates that SGR-UN is not financially healthy and even 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 48.84% 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.
SGR-UN has a Debt to FCF ratio of 16.44. This is in the better half of the industry: SGR-UN outperforms 67.44% of its industry peers.
SGR-UN has a Debt/Equity ratio of 1.66. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.66, SGR-UN is doing worse than 79.07% of the companies in the same industry.
| 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 95.35% of the companies in the same industry.
SGR-UN has a Quick 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.
SGR-UN has a better Quick ratio (0.58) than 95.35% 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.
The Revenue has been growing slightly by 2.88% in the past year.
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)157.99%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%256.76%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%2.98%
3.2 Future
The Earnings Per Share is expected to grow by 22.20% on average over the next years. This is a very strong growth
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
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.88, SGR-UN is valued correctly.
SGR-UN's Price/Earnings ratio is rather cheap when compared to the industry. SGR-UN is cheaper than 81.40% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.62, SGR-UN is valued a bit cheaper.
With a Price/Forward Earnings ratio of 9.23, the valuation of SGR-UN can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SGR-UN is valued cheaper than 86.05% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. SGR-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.88 | ||
| Fwd PE | 9.23 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SGR-UN is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| 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)14.14
EPS Next 2Y22.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SGR-UN has a Yearly Dividend Yield of 9.00%, which is a nice return.
SGR-UN's Dividend Yield is a higher than the industry average which is at 8.03.
Compared to an average S&P500 Dividend Yield of 2.27, 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 (2/21/2025, 7:00:00 PM)
14.29
-0.1 (-0.69%)
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 Cap843.25M
Analysts71.11
Price Target11.02 (-22.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend0.86
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)0.93%
PT rev (3m)0.93%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)20%
EPS NY rev (3m)1.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)1.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.88 | ||
| Fwd PE | 9.23 | ||
| P/S | 2.84 | ||
| P/FCF | 8.37 | ||
| P/OCF | 8.37 | ||
| P/B | 0.88 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.9
EY6.3%
EPS(NY)1.55
Fwd EY10.84%
FCF(TTM)1.71
FCFY11.95%
OCF(TTM)1.71
OCFY11.95%
SpS5.03
BVpS16.2
TBVpS16.2
PEG (NY)0.36
PEG (5Y)14.14
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%256.76%
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-15.13%
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%