TRICON RESIDENTIAL INC (TCN) Stock Fundamental Analysis

NYSE:TCN • CA89612W1023

11.25 USD
+0.02 (+0.18%)
At close: May 1, 2024
11.23 USD
-0.02 (-0.18%)
After Hours: 5/1/2024, 8:25:04 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Taking everything into account, TCN scores 3 out of 10 in our fundamental rating. TCN was compared to 63 industry peers in the Real Estate Management & Development industry. While TCN is still in line with the averages on profitability rating, there are concerns on its financial health. TCN has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • TCN had positive earnings in the past year.
  • In the past year TCN had a positive cash flow from operations.
  • TCN had positive earnings in each of the past 5 years.
  • Of the past 5 years TCN 4 years had a positive operating cash flow.
TCN Yearly Net Income VS EBIT VS OCF VS FCFTCN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M

1.2 Ratios

  • With a decent Return On Assets value of 0.86%, TCN is doing good in the industry, outperforming 69.23% of the companies in the same industry.
  • TCN has a Return On Equity of 2.96%. This is in the better half of the industry: TCN outperforms 72.31% of its industry peers.
  • TCN's Return On Invested Capital of 1.64% is fine compared to the rest of the industry. TCN outperforms 72.31% of its industry peers.
Industry RankSector Rank
ROA 0.86%
ROE 2.96%
ROIC 1.64%
ROA(3y)4.08%
ROA(5y)3.73%
ROE(3y)12.96%
ROE(5y)10.43%
ROIC(3y)N/A
ROIC(5y)N/A
TCN Yearly ROA, ROE, ROICTCN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15 20

1.3 Margins

  • The Profit Margin of TCN (13.44%) is better than 90.77% of its industry peers.
  • TCN's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 29.82%, TCN belongs to the best of the industry, outperforming 96.92% of the companies in the same industry.
  • TCN's Operating Margin has declined in the last couple of years.
  • TCN's Gross Margin of 69.17% is amongst the best of the industry. TCN outperforms 87.69% of its industry peers.
  • TCN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.82%
PM (TTM) 13.44%
GM 69.17%
OM growth 3Y-5.22%
OM growth 5YN/A
PM growth 3Y-21.94%
PM growth 5Y-54.81%
GM growth 3Y-0.28%
GM growth 5YN/A
TCN Yearly Profit, Operating, Gross MarginsTCN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 200 400 600

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • TCN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TCN has about the same amout of shares outstanding than it did 1 year ago.
  • The debt/assets ratio for TCN has been reduced compared to a year ago.
TCN Yearly Shares OutstandingTCN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
TCN Yearly Total Debt VS Total AssetsTCN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

  • Based on the Altman-Z score of 0.49, we must say that TCN is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.49, TCN is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
  • TCN has a debt to FCF ratio of 65.95. This is a negative value and a sign of low solvency as TCN would need 65.95 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 65.95, TCN perfoms like the industry average, outperforming 58.46% of the companies in the same industry.
  • TCN has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of TCN (1.48) is worse than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 65.95
Altman-Z 0.49
ROIC/WACC0.22
WACC7.57%
TCN Yearly LT Debt VS Equity VS FCFTCN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B

2.3 Liquidity

  • TCN has a Current Ratio of 0.49. This is a bad value and indicates that TCN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TCN's Current ratio of 0.49 is on the low side compared to the rest of the industry. TCN is outperformed by 86.15% of its industry peers.
  • A Quick Ratio of 0.49 indicates that TCN may have some problems paying its short term obligations.
  • TCN has a worse Quick ratio (0.49) than 83.08% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.49
TCN Yearly Current Assets VS Current LiabilitesTCN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • TCN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -66.47%.
  • Measured over the past years, TCN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.03% on average per year.
  • Looking at the last year, TCN shows a small growth in Revenue. The Revenue has grown by 5.48% in the last year.
  • Measured over the past years, TCN shows a very strong growth in Revenue. The Revenue has been growing by 94.79% on average per year.
EPS 1Y (TTM)-66.47%
EPS 3Y4.46%
EPS 5Y-17.03%
EPS Q2Q%36.36%
Revenue 1Y (TTM)5.48%
Revenue growth 3Y28.44%
Revenue growth 5Y94.79%
Sales Q2Q%15.69%

3.2 Future

  • Based on estimates for the next years, TCN will show a very negative growth in Earnings Per Share. The EPS will decrease by -15.81% on average per year.
  • The Revenue is expected to grow by 8.50% on average over the next years. This is quite good.
EPS Next Y-48.61%
EPS Next 2Y-15.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.66%
Revenue Next 2Y8.5%
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 stable.
  • 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.
TCN Yearly Revenue VS EstimatesTCN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
TCN Yearly EPS VS EstimatesTCN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.74, which indicates a rather expensive current valuation of TCN.
  • TCN's Price/Earnings ratio is rather cheap when compared to the industry. TCN is cheaper than 84.62% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.16. TCN is valued slightly cheaper when compared to this.
  • TCN is valuated quite expensively with a Price/Forward Earnings ratio of 38.41.
  • Based on the Price/Forward Earnings ratio, TCN is valued a bit cheaper than the industry average as 72.31% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.10, TCN is valued a bit more expensive.
Industry RankSector Rank
PE 19.74
Fwd PE 38.41
TCN Price Earnings VS Forward Price EarningsTCN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TCN indicates a somewhat cheap valuation: TCN is cheaper than 64.62% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TCN indicates a somewhat cheap valuation: TCN is cheaper than 70.77% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 36.46
EV/EBITDA 33.96
TCN Per share dataTCN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of TCN may justify a higher PE ratio.
  • TCN's earnings are expected to decrease with -15.81% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.81%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for TCN!.
Industry RankSector Rank
Dividend Yield N/A

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Find the best dividend stocksShow peers with best dividend

TRICON RESIDENTIAL INC

NYSE:TCN (5/1/2024, 8:25:04 PM)

After market: 11.23 -0.02 (-0.18%)

11.25

+0.02 (+0.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-27
Earnings (Next)05-07
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.34B
Revenue(TTM)849.71M
Net Income(TTM)114.24M
Analysts71.11
Price Target8.93 (-20.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)172.28%
Min EPS beat(2)147.53%
Max EPS beat(2)197.03%
EPS beat(4)3
Avg EPS beat(4)110.4%
Min EPS beat(4)-0.99%
Max EPS beat(4)197.03%
EPS beat(8)7
Avg EPS beat(8)235.95%
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)2
Avg Revenue beat(2)85.19%
Min Revenue beat(2)79.44%
Max Revenue beat(2)90.95%
Revenue beat(4)4
Avg Revenue beat(4)80.48%
Min Revenue beat(4)72.02%
Max Revenue beat(4)90.95%
Revenue beat(8)8
Avg Revenue beat(8)71.53%
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)-6.56%
PT rev (3m)2.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
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 RankSector Rank
PE 19.74
Fwd PE 38.41
P/S 3.93
P/FCF 36.46
P/OCF 24.19
P/B 0.86
P/tB 0.87
EV/EBITDA 33.96
EPS(TTM)0.57
EY5.07%
EPS(NY)0.29
Fwd EY2.6%
FCF(TTM)0.31
FCFY2.74%
OCF(TTM)0.47
OCFY4.13%
SpS2.86
BVpS13.02
TBVpS12.9
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.86%
ROE 2.96%
ROCE 2%
ROIC 1.64%
ROICexc 1.67%
ROICexgc 1.67%
OM 29.82%
PM (TTM) 13.44%
GM 69.17%
FCFM 10.78%
ROA(3y)4.08%
ROA(5y)3.73%
ROE(3y)12.96%
ROE(5y)10.43%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-1.7%
ROICexgc growth 5YN/A
ROICexc growth 3Y-1.2%
ROICexc growth 5YN/A
OM growth 3Y-5.22%
OM growth 5YN/A
PM growth 3Y-21.94%
PM growth 5Y-54.81%
GM growth 3Y-0.28%
GM growth 5YN/A
F-Score5
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 65.95
Debt/EBITDA 21.13
Cap/Depr 261.04%
Cap/Sales 5.47%
Interest Coverage 0.87
Cash Conversion 50.9%
Profit Quality 80.17%
Current Ratio 0.49
Quick Ratio 0.49
Altman-Z 0.49
F-Score5
WACC7.57%
ROIC/WACC0.22
Cap/Depr(3y)254.57%
Cap/Depr(5y)208.56%
Cap/Sales(3y)5.52%
Cap/Sales(5y)8.97%
Profit Quality(3y)42.83%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-66.47%
EPS 3Y4.46%
EPS 5Y-17.03%
EPS Q2Q%36.36%
EPS Next Y-48.61%
EPS Next 2Y-15.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.48%
Revenue growth 3Y28.44%
Revenue growth 5Y94.79%
Sales Q2Q%15.69%
Revenue Next Year6.66%
Revenue Next 2Y8.5%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y152.14%
EBIT growth 3Y21.74%
EBIT growth 5YN/A
EBIT Next Year27.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-60.91%
FCF growth 3Y-11.02%
FCF growth 5YN/A
OCF growth 1Y-48.93%
OCF growth 3Y-1.17%
OCF growth 5YN/A

TRICON RESIDENTIAL INC / TCN FAQ

Can you provide the ChartMill fundamental rating for TRICON RESIDENTIAL INC?

ChartMill assigns a fundamental rating of 3 / 10 to TCN.


Can you provide the valuation status for TRICON RESIDENTIAL INC?

ChartMill assigns a valuation rating of 4 / 10 to TRICON RESIDENTIAL INC (TCN). This can be considered as Fairly Valued.


Can you provide the profitability details for TRICON RESIDENTIAL INC?

TRICON RESIDENTIAL INC (TCN) has a profitability rating of 6 / 10.


What is the financial health of TRICON RESIDENTIAL INC (TCN) stock?

The financial health rating of TRICON RESIDENTIAL INC (TCN) is 1 / 10.


What is the earnings growth outlook for TRICON RESIDENTIAL INC?

The Earnings per Share (EPS) of TRICON RESIDENTIAL INC (TCN) is expected to decline by -48.61% in the next year.