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 36 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 may be a bit undervalued, certainly considering the very reasonable score on growth
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.
In the past 5 years SGR-UN has always been profitable.
Each year in the past 5 years SGR-UN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SGR-UN (1.79%) is better than 61.11% of its industry peers.
SGR-UN's Return On Equity of 5.95% is amongst the best of the industry. SGR-UN outperforms 80.56% of its industry peers.
With a Return On Invested Capital value of 4.35%, SGR-UN perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
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 5.75%.
The 3 year average ROIC (4.28%) for SGR-UN is below the current ROIC(4.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.79% | ||
| ROE | 5.95% | ||
| ROIC | 4.35% |
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 19.00%. This is comparable to the rest of the industry: SGR-UN outperforms 58.33% 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 75.00% of the companies in the same industry.
SGR-UN's Operating Margin has been stable in the last couple of years.
SGR-UN's Gross Margin of 69.04% is fine compared to the rest of the industry. SGR-UN outperforms 66.67% 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) | 19% | ||
| GM | 69.04% |
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 0.55. This is a bad value and indicates that SGR-UN is not financially healthy and even has some risk of bankruptcy.
SGR-UN has a Altman-Z score (0.55) which is comparable to the rest of the industry.
The Debt to FCF ratio of SGR-UN is 15.90, which is on the high side as it means it would take SGR-UN, 15.90 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SGR-UN (15.90) is comparable to the rest of the industry.
SGR-UN has a Debt/Equity ratio of 1.68. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of SGR-UN (1.68) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | 15.9 | ||
| Altman-Z | 0.55 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.55 indicates that SGR-UN may have some problems paying its short term obligations.
SGR-UN has a better Current ratio (0.55) than 86.11% of its industry peers.
A Quick Ratio of 0.55 indicates that SGR-UN may have some problems paying its short term obligations.
SGR-UN has a Quick ratio of 0.55. This is amongst the best in the industry. SGR-UN outperforms 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
SGR-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.37%.
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.
Looking at the last year, SGR-UN shows a small growth in Revenue. The Revenue has grown by 2.88% in the last 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)5.37%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%13.17%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%2.22%
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.
The Revenue is expected to grow by 2.87% on average over the next years.
EPS Next Y44%
EPS Next 2Y22.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.88%
Revenue Next 2Y2.87%
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
A Price/Earnings ratio of 15.72 indicates a correct valuation of SGR-UN.
75.00% of the companies in the same industry are more expensive than SGR-UN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SGR-UN to the average of the S&P500 Index (27.29), we can say SGR-UN is valued slightly cheaper.
SGR-UN is valuated reasonably with a Price/Forward Earnings ratio of 9.16.
Based on the Price/Forward Earnings ratio, SGR-UN is valued cheaper than 91.67% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.74. SGR-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.72 | ||
| Fwd PE | 9.16 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SGR-UN is valued a bit cheaper than 69.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.32 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SGR-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SGR-UN has a very decent profitability rating, which may justify a higher PE ratio.
SGR-UN's earnings are expected to grow with 22.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)14.02
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.
SGR-UN's Dividend Yield is a higher than the industry average which is at 7.85.
Compared to an average S&P500 Dividend Yield of 2.37, 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
127.32% of the earnings are spent on dividend by SGR-UN. This is not a sustainable payout ratio.
DP127.32%
EPS Next 2Y22.2%
EPS Next 3YN/A
TSX:SGR-UN (7/7/2025, 7:00:00 PM)
14.15
-0.28 (-1.94%)
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 Cap834.99M
Analysts71.11
Price Target11.22 (-20.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.17
Dividend Growth(5Y)-0.01%
DP127.32%
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)1.85%
PT rev (3m)1.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.72 | ||
| Fwd PE | 9.16 | ||
| P/S | 2.91 | ||
| P/FCF | 8.32 | ||
| P/OCF | 8.32 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.9
EY6.36%
EPS(NY)1.54
Fwd EY10.92%
FCF(TTM)1.7
FCFY12.03%
OCF(TTM)1.7
OCFY12.03%
SpS4.87
BVpS15.53
TBVpS15.53
PEG (NY)0.36
PEG (5Y)14.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.79% | ||
| ROE | 5.95% | ||
| ROCE | 6.04% | ||
| ROIC | 4.35% | ||
| ROICexc | 4.4% | ||
| ROICexgc | 4.4% | ||
| OM | 61.36% | ||
| PM (TTM) | 19% | ||
| GM | 69.04% | ||
| FCFM | 34.97% |
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 | 1.68 | ||
| Debt/FCF | 15.9 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 184.07% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 0.55 |
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)5.37%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%13.17%
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%2.22%
Revenue Next Year2.88%
Revenue Next 2Y2.87%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.16%
EBIT growth 3Y12.39%
EBIT growth 5Y7.45%
EBIT Next Year-12.51%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y27%
FCF growth 3Y11.79%
FCF growth 5Y9.8%
OCF growth 1Y27%
OCF growth 3Y11.79%
OCF growth 5Y9.8%