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 5 out of 10. The analysis compared the fundamentals against 38 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.
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.
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 1.79% is fine compared to the rest of the industry. SGR-UN outperforms 63.16% of its industry peers.
The Return On Equity of SGR-UN (5.95%) is better than 81.58% of its industry peers.
SGR-UN has a Return On Invested Capital of 4.35%. This is comparable to the rest of the industry: SGR-UN outperforms 52.63% 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 5.66%.
The last Return On Invested Capital (4.35%) for SGR-UN is above the 3 year average (4.28%), which is a sign of increasing profitability.
| 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 in the better half of the industry: SGR-UN outperforms 60.53% of its industry peers.
SGR-UN's Profit Margin has been stable in the last couple of years.
SGR-UN has a Operating Margin of 61.36%. This is in the better half of the industry: SGR-UN outperforms 76.32% of its industry peers.
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 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 | 61.36% | ||
| 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
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.
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.
Looking at the Altman-Z score, with a value of 0.55, SGR-UN is in line with its industry, outperforming 55.26% of the companies in the same industry.
SGR-UN has a debt to FCF ratio of 15.90. This is a negative value and a sign of low solvency as SGR-UN would need 15.90 years to pay back of all of its debts.
SGR-UN has a Debt to FCF ratio (15.90) which is in line with its industry peers.
A Debt/Equity ratio of 1.68 is on the high side and indicates that SGR-UN has dependencies on debt financing.
SGR-UN has a worse Debt to Equity ratio (1.68) than 78.95% 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.
The Current ratio of SGR-UN (0.55) is better than 81.58% of its industry peers.
A Quick Ratio of 0.55 indicates that SGR-UN may have some problems paying its short term obligations.
With an excellent Quick ratio value of 0.55, 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 | 0.55 | ||
| 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.
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)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
Based on estimates for the next years, SGR-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 22.20% on average per year.
SGR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.87% yearly.
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
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 16.03.
76.32% of the companies in the same industry are more expensive than SGR-UN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, SGR-UN is valued a bit cheaper.
SGR-UN is valuated reasonably with a Price/Forward Earnings ratio of 9.38.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SGR-UN indicates a rather cheap valuation: SGR-UN is cheaper than 92.11% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. SGR-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.03 | ||
| Fwd PE | 9.38 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SGR-UN is valued a bit cheaper than the industry average as 65.79% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.52 | ||
| 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)14.3
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 7.95, SGR-UN pays a bit more dividend than its industry peers.
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
SGR-UN pays out 127.32% of its income as dividend. This is not a sustainable payout ratio.
DP127.32%
EPS Next 2Y22.2%
EPS Next 3YN/A
TSX:SGR-UN (7/4/2025, 7:00:00 PM)
14.43
+0.19 (+1.33%)
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 Cap851.51M
Analysts71.11
Price Target11.22 (-22.25%)
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 | 16.03 | ||
| Fwd PE | 9.38 | ||
| P/S | 2.98 | ||
| P/FCF | 8.52 | ||
| P/OCF | 8.52 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.9
EY6.24%
EPS(NY)1.54
Fwd EY10.66%
FCF(TTM)1.69
FCFY11.74%
OCF(TTM)1.69
OCFY11.74%
SpS4.84
BVpS15.45
TBVpS15.45
PEG (NY)0.36
PEG (5Y)14.3
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-12.1%
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%