SLATE OFFICE REIT (SOT-UN.CA) Stock Fundamental Analysis
TSX:SOT-UN - Toronto Stock Exchange - CA8310211005 - REIT - Currency: CAD
Taking everything into account, SOT-UN scores 1 out of 10 in our fundamental rating. SOT-UN was compared to 43 industry peers in the Diversified REITs industry. Both the profitability and financial health of SOT-UN have multiple concerns. SOT-UN is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SOT-UN has reported negative net income.
In the past year SOT-UN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: SOT-UN reported negative net income in multiple years.
Each year in the past 5 years SOT-UN had a positive operating cash flow.
1.2 Ratios
SOT-UN has a Return On Assets of -29.76%. This is amonst the worse of the industry: SOT-UN underperforms 86.05% of its industry peers.
SOT-UN has a Return On Equity of -244.37%. This is amonst the worse of the industry: SOT-UN underperforms 86.05% of its industry peers.
Looking at the Return On Invested Capital, with a value of 14.42%, SOT-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SOT-UN is in line with the industry average of 5.49%.
The last Return On Invested Capital (14.42%) for SOT-UN is above the 3 year average (3.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -29.76% | ||
| ROE | -244.37% | ||
| ROIC | 14.42% |
ROA(3y)-1.59%
ROA(5y)-0.06%
ROE(3y)-5.68%
ROE(5y)-0.97%
ROIC(3y)3.81%
ROIC(5y)3.91%
1.3 Margins
SOT-UN's Operating Margin of 39.15% is on the low side compared to the rest of the industry. SOT-UN is outperformed by 74.42% of its industry peers.
SOT-UN's Operating Margin has declined in the last couple of years.
SOT-UN has a worse Gross Margin (44.08%) than 79.07% of its industry peers.
SOT-UN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.15% | ||
| PM (TTM) | N/A | ||
| GM | 44.08% |
OM growth 3Y-3.94%
OM growth 5Y-3.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.77%
GM growth 5Y-2.14%
2. Health
2.1 Basic Checks
The number of shares outstanding for SOT-UN remains at a similar level compared to 1 year ago.
The number of shares outstanding for SOT-UN has been increased compared to 5 years ago.
Compared to 1 year ago, SOT-UN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of -0.84, we must say that SOT-UN is in the distress zone and has some risk of bankruptcy.
SOT-UN has a Altman-Z score of -0.84. This is amonst the worse of the industry: SOT-UN underperforms 93.02% of its industry peers.
The Debt to FCF ratio of SOT-UN is 30.40, which is on the high side as it means it would take SOT-UN, 30.40 years of fcf income to pay off all of its debts.
SOT-UN has a worse Debt to FCF ratio (30.40) than 65.12% of its industry peers.
A Debt/Equity ratio of 1.27 is on the high side and indicates that SOT-UN has dependencies on debt financing.
With a Debt to Equity ratio value of 1.27, SOT-UN perfoms like the industry average, outperforming 44.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 30.4 | ||
| Altman-Z | -0.84 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
SOT-UN has a Current Ratio of 0.12. This is a bad value and indicates that SOT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
SOT-UN has a worse Current ratio (0.12) than 69.77% of its industry peers.
A Quick Ratio of 0.12 indicates that SOT-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.12, SOT-UN is doing worse than 67.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 |
3. Growth
3.1 Past
SOT-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -181.72%.
Looking at the last year, SOT-UN shows a small growth in Revenue. The Revenue has grown by 0.67% in the last year.
The Revenue has been decreasing by -1.20% on average over the past years.
EPS 1Y (TTM)-181.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-426.76%
Revenue 1Y (TTM)0.67%
Revenue growth 3Y2.48%
Revenue growth 5Y-1.2%
Sales Q2Q%-1.7%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for SOT-UN. In the last year negative earnings were reported.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SOT-UN indicates a rather cheap valuation: SOT-UN is cheaper than 100.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.09 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.83%, SOT-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.03, SOT-UN is paying slightly less dividend.
SOT-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.83% |
5.2 History
The dividend of SOT-UN decreases each year by -23.29%.
SOT-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-23.29%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SOT-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-0.39%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:SOT-UN (2/24/2025, 7:00:00 PM)
0.51
-0.01 (-1.92%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap40.99M
Analysts46.67
Price Target0.51 (0%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.83% |
Yearly Dividend0.2
Dividend Growth(5Y)-23.29%
DP-0.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.21 | ||
| P/FCF | 1.09 | ||
| P/OCF | 1.09 | ||
| P/B | 0.24 | ||
| P/tB | 0.24 | ||
| EV/EBITDA | N/A |
EPS(TTM)-5.1
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.47
FCFY91.42%
OCF(TTM)0.47
OCFY91.42%
SpS2.47
BVpS2.08
TBVpS2.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -29.76% | ||
| ROE | -244.37% | ||
| ROCE | 20.03% | ||
| ROIC | 14.42% | ||
| ROICexc | 14.8% | ||
| ROICexgc | 14.8% | ||
| OM | 39.15% | ||
| PM (TTM) | N/A | ||
| GM | 44.08% | ||
| FCFM | 18.85% |
ROA(3y)-1.59%
ROA(5y)-0.06%
ROE(3y)-5.68%
ROE(5y)-0.97%
ROIC(3y)3.81%
ROIC(5y)3.91%
ROICexc(3y)3.85%
ROICexc(5y)3.94%
ROICexgc(3y)3.85%
ROICexgc(5y)3.94%
ROCE(3y)5.34%
ROCE(5y)5.45%
ROICexcg growth 3Y6.36%
ROICexcg growth 5Y1.02%
ROICexc growth 3Y6.36%
ROICexc growth 5Y1.02%
OM growth 3Y-3.94%
OM growth 5Y-3.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.77%
GM growth 5Y-2.14%
F-Score4
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 30.4 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.3 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.12 | ||
| Quick Ratio | 0.12 | ||
| Altman-Z | -0.84 |
F-Score4
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-181.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-426.76%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.67%
Revenue growth 3Y2.48%
Revenue growth 5Y-1.2%
Sales Q2Q%-1.7%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y9.31%
EBIT growth 3Y-1.56%
EBIT growth 5Y-4.69%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-18.78%
FCF growth 3Y-4.77%
FCF growth 5Y-4.07%
OCF growth 1Y-18.78%
OCF growth 3Y-4.77%
OCF growth 5Y-4.07%