SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SGR-UN - CA8310622037 - REIT
15.14 CAD
-0.1 (-0.66%)
SGR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. While SGR-UN has a great profitability rating, there are quite some concerns on its financial health. SGR-UN has a correct valuation and a medium 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.
Each year in the past 5 years SGR-UN has been profitable.
In the past 5 years SGR-UN always reported a positive cash flow from operatings.
1.2 Ratios
SGR-UN's Return On Assets of 1.88% is fine compared to the rest of the industry. SGR-UN outperforms 60.53% of its industry peers.
SGR-UN's Return On Equity of 6.40% is fine compared to the rest of the industry. SGR-UN outperforms 76.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.26%, SGR-UN is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SGR-UN is in line with the industry average of 5.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 6.4% | ||
| ROIC | 4.26% |
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 19.99%. This is in the better half of the industry: SGR-UN outperforms 60.53% 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's Operating Margin of 61.31% is amongst the best of the industry. SGR-UN outperforms 84.21% of its industry peers.
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 69.13% is fine compared to the rest of the industry. SGR-UN outperforms 68.42% 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 | 61.31% | ||
| PM (TTM) | 19.99% | ||
| GM | 69.13% |
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.
Compared to 5 years ago, SGR-UN has more shares outstanding
Compared to 1 year ago, SGR-UN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.57, we must say that SGR-UN is in the distress zone and has some risk of bankruptcy.
SGR-UN has a better Altman-Z score (0.57) than 60.53% of its industry peers.
SGR-UN has a debt to FCF ratio of 17.70. This is a negative value and a sign of low solvency as SGR-UN would need 17.70 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 17.70, SGR-UN is in line with its industry, outperforming 44.74% of the companies in the same industry.
A Debt/Equity ratio of 1.80 is on the high side and indicates that SGR-UN has dependencies on debt financing.
The Debt to Equity ratio of SGR-UN (1.80) is worse than 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 17.7 | ||
| Altman-Z | 0.57 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.85 indicates that SGR-UN may have some problems paying its short term obligations.
The Current ratio of SGR-UN (0.85) is better than 86.84% of its industry peers.
SGR-UN has a Quick Ratio of 0.85. 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 Quick ratio value of 0.85, SGR-UN belongs to the best of the industry, outperforming 86.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.42% over the past year.
The Earnings Per Share has been growing slightly by 1.12% on average over the past years.
The Revenue has been growing slightly by 2.04% in the past year.
SGR-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.16% yearly.
EPS 1Y (TTM)42.42%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%78.51%
Revenue 1Y (TTM)2.04%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%1.89%
3.2 Future
Based on estimates for the next years, SGR-UN will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.79% on average per year.
The Revenue is expected to grow by 2.13% on average over the next years.
EPS Next Y13.33%
EPS Next 2Y14.89%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue Next Year-0.11%
Revenue Next 2Y2.21%
Revenue Next 3Y2.13%
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
SGR-UN is valuated correctly with a Price/Earnings ratio of 15.77.
SGR-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. SGR-UN is cheaper than 68.42% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.59. SGR-UN is valued slightly cheaper when compared to this.
SGR-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.07.
SGR-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. SGR-UN is cheaper than 84.21% of the companies in the same industry.
SGR-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.77 | ||
| Fwd PE | 11.07 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SGR-UN is valued a bit cheaper than 65.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.68 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SGR-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.18
PEG (5Y)14.07
EPS Next 2Y14.89%
EPS Next 3Y10.79%
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 7.11, SGR-UN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.88, 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 in the last 3 years.
Dividend Growth(5Y)-0.01%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
SGR-UN pays out 120.67% of its income as dividend. This is not a sustainable payout ratio.
DP120.67%
EPS Next 2Y14.89%
EPS Next 3Y10.79%
TSX:SGR-UN (12/24/2025, 7:00:00 PM)
15.14
-0.1 (-0.66%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners13.37%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap895.53M
Revenue(TTM)211.84M
Net Income(TTM)42.34M
Analysts70
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.19
Dividend Growth(5Y)-0.01%
DP120.67%
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)1.14%
PT rev (3m)1.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-20.56%
EPS NY rev (3m)-20.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.47%
Revenue NY rev (3m)-2.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.77 | ||
| Fwd PE | 11.07 | ||
| P/S | 3.09 | ||
| P/FCF | 9.68 | ||
| P/OCF | 9.68 | ||
| P/B | 0.99 | ||
| P/tB | 0.99 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.96
EY6.34%
EPS(NY)1.37
Fwd EY9.04%
FCF(TTM)1.56
FCFY10.33%
OCF(TTM)1.56
OCFY10.33%
SpS4.9
BVpS15.3
TBVpS15.3
PEG (NY)1.18
PEG (5Y)14.07
Graham Number18.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 6.4% | ||
| ROCE | 5.92% | ||
| ROIC | 4.26% | ||
| ROICexc | 4.3% | ||
| ROICexgc | 4.3% | ||
| OM | 61.31% | ||
| PM (TTM) | 19.99% | ||
| GM | 69.13% | ||
| FCFM | 31.91% |
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%
ROICexgc growth 3Y3.98%
ROICexgc 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 | 1.8 | ||
| Debt/FCF | 17.7 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.21 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 159.65% | ||
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z | 0.57 |
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)42.42%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%78.51%
EPS Next Y13.33%
EPS Next 2Y14.89%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue 1Y (TTM)2.04%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%1.89%
Revenue Next Year-0.11%
Revenue Next 2Y2.21%
Revenue Next 3Y2.13%
Revenue Next 5YN/A
EBIT growth 1Y2.35%
EBIT growth 3Y12.39%
EBIT growth 5Y7.45%
EBIT Next Year-13.01%
EBIT Next 3Y-3.16%
EBIT Next 5YN/A
FCF growth 1Y-4.88%
FCF growth 3Y11.79%
FCF growth 5Y9.8%
OCF growth 1Y-4.88%
OCF growth 3Y11.79%
OCF growth 5Y9.8%
SLATE GROCERY REIT-CL U / SGR-UN.CA FAQ
Can you provide the ChartMill fundamental rating for SLATE GROCERY REIT-CL U?
ChartMill assigns a fundamental rating of 5 / 10 to SGR-UN.CA.
What is the valuation status for SGR-UN stock?
ChartMill assigns a valuation rating of 6 / 10 to SLATE GROCERY REIT-CL U (SGR-UN.CA). This can be considered as Fairly Valued.
How profitable is SLATE GROCERY REIT-CL U (SGR-UN.CA) stock?
SLATE GROCERY REIT-CL U (SGR-UN.CA) has a profitability rating of 7 / 10.
What is the earnings growth outlook for SLATE GROCERY REIT-CL U?
The Earnings per Share (EPS) of SLATE GROCERY REIT-CL U (SGR-UN.CA) is expected to grow by 13.33% in the next year.
How sustainable is the dividend of SLATE GROCERY REIT-CL U (SGR-UN.CA) stock?
The dividend rating of SLATE GROCERY REIT-CL U (SGR-UN.CA) is 5 / 10 and the dividend payout ratio is 120.67%.