ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:AP-UN - CA0194561027 - REIT
12.88 CAD
-0.04 (-0.31%)
Overall AP-UN gets a fundamental rating of 3 out of 10. We evaluated AP-UN against 38 industry peers in the Diversified REITs industry. AP-UN may be in some trouble as it scores bad on both profitability and health. AP-UN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
AP-UN had negative earnings in the past year.
In the past year AP-UN had a positive cash flow from operations.
In multiple years AP-UN reported negative net income over the last 5 years.
In the past 5 years AP-UN always reported a positive cash flow from operatings.
1.2 Ratios
AP-UN has a worse Return On Assets (-5.53%) than 73.68% of its industry peers.
AP-UN's Return On Equity of -11.30% is on the low side compared to the rest of the industry. AP-UN is outperformed by 73.68% of its industry peers.
AP-UN's Return On Invested Capital of 2.17% is on the low side compared to the rest of the industry. AP-UN is outperformed by 86.84% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AP-UN is below the industry average of 5.49%.
The last Return On Invested Capital (2.17%) for AP-UN is above the 3 year average (2.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.53% | ||
| ROE | -11.3% | ||
| ROIC | 2.17% |
ROA(3y)-1.38%
ROA(5y)1.09%
ROE(3y)-2.5%
ROE(5y)1.5%
ROIC(3y)2.01%
ROIC(5y)2.01%
1.3 Margins
Looking at the Operating Margin, with a value of 45.88%, AP-UN is doing worse than 63.16% of the companies in the same industry.
In the last couple of years the Operating Margin of AP-UN has remained more or less at the same level.
AP-UN has a Gross Margin of 55.85%. This is comparable to the rest of the industry: AP-UN outperforms 44.74% of its industry peers.
AP-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.88% | ||
| PM (TTM) | N/A | ||
| GM | 55.85% |
OM growth 3Y-2.25%
OM growth 5Y-0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.43%
GM growth 5Y1.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AP-UN is destroying value.
The number of shares outstanding for AP-UN remains at a similar level compared to 1 year ago.
Compared to 5 years ago, AP-UN has more shares outstanding
Compared to 1 year ago, AP-UN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.34, we must say that AP-UN is in the distress zone and has some risk of bankruptcy.
AP-UN has a Altman-Z score (0.34) which is in line with its industry peers.
AP-UN has a debt to FCF ratio of 23.24. This is a negative value and a sign of low solvency as AP-UN would need 23.24 years to pay back of all of its debts.
AP-UN's Debt to FCF ratio of 23.24 is on the low side compared to the rest of the industry. AP-UN is outperformed by 60.53% of its industry peers.
AP-UN has a Debt/Equity ratio of 0.79. This is a neutral value indicating AP-UN is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.79, AP-UN is doing good in the industry, outperforming 76.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 23.24 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.39
WACC5.52%
2.3 Liquidity
AP-UN has a Current Ratio of 0.47. This is a bad value and indicates that AP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
AP-UN has a Current ratio of 0.47. This is in the better half of the industry: AP-UN outperforms 73.68% of its industry peers.
AP-UN has a Quick Ratio of 0.47. This is a bad value and indicates that AP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Quick ratio value of 0.41, AP-UN is doing good in the industry, outperforming 73.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.41 |
3. Growth
3.1 Past
AP-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.84%.
AP-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.86%.
AP-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.80% yearly.
EPS 1Y (TTM)1.84%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20.41%
Revenue 1Y (TTM)1.86%
Revenue growth 3Y7.78%
Revenue growth 5Y1.8%
Sales Q2Q%0.91%
3.2 Future
The Earnings Per Share is expected to grow by 130.91% on average over the next years. This is a very strong growth
AP-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.90% yearly.
EPS Next Y-1075%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
EPS Next 5YN/A
Revenue Next Year0.49%
Revenue Next 2Y3.16%
Revenue Next 3Y3.9%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for AP-UN. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 8.12, which indicates a very decent valuation of AP-UN.
Based on the Price/Forward Earnings ratio, AP-UN is valued cheaper than 97.37% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.10. AP-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AP-UN is valued a bit cheaper than the industry average as 60.53% of the companies are valued more expensively.
AP-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AP-UN is cheaper than 68.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.9 | ||
| EV/EBITDA | 23.28 |
4.3 Compensation for Growth
A more expensive valuation may be justified as AP-UN's earnings are expected to grow with 130.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y240.95%
EPS Next 3Y130.91%
5. Dividend
5.1 Amount
AP-UN has a Yearly Dividend Yield of 7.91%, which is a nice return.
In the last 3 months the price of AP-UN has falen by -33.54%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 7.95, AP-UN has a dividend in line with its industry peers.
AP-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.91% |
5.2 History
On average, the dividend of AP-UN grows each year by 9.51%, which is quite nice.
AP-UN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AP-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of AP-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-40.16%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
TSX:AP-UN (12/5/2025, 7:00:00 PM)
12.88
-0.04 (-0.31%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners39.63%
Inst Owner ChangeN/A
Ins Owners1.41%
Ins Owner ChangeN/A
Market Cap1.80B
Revenue(TTM)598.73M
Net Income(TTM)-573.44M
Analysts45.33
Price Target15.22 (18.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.91% |
Yearly Dividend2.28
Dividend Growth(5Y)9.51%
DP-40.16%
Div Incr Years0
Div Non Decr Years0
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)-21.49%
PT rev (3m)-18.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-454.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.12 | ||
| P/S | 3.01 | ||
| P/FCF | 8.9 | ||
| P/OCF | 8.85 | ||
| P/B | 0.35 | ||
| P/tB | 0.35 | ||
| EV/EBITDA | 23.28 |
EPS(TTM)-4.1
EYN/A
EPS(NY)1.59
Fwd EY12.32%
FCF(TTM)1.45
FCFY11.23%
OCF(TTM)1.45
OCFY11.29%
SpS4.28
BVpS36.3
TBVpS36.3
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.53% | ||
| ROE | -11.3% | ||
| ROCE | 3.02% | ||
| ROIC | 2.17% | ||
| ROICexc | 2.19% | ||
| ROICexgc | 2.19% | ||
| OM | 45.88% | ||
| PM (TTM) | N/A | ||
| GM | 55.85% | ||
| FCFM | 33.77% |
ROA(3y)-1.38%
ROA(5y)1.09%
ROE(3y)-2.5%
ROE(5y)1.5%
ROIC(3y)2.01%
ROIC(5y)2.01%
ROICexc(3y)2.03%
ROICexc(5y)2.03%
ROICexgc(3y)2.03%
ROICexgc(5y)2.03%
ROCE(3y)2.79%
ROCE(5y)2.8%
ROICexgc growth 3Y9.34%
ROICexgc growth 5Y-1.13%
ROICexc growth 3Y9.34%
ROICexc growth 5Y-1.13%
OM growth 3Y-2.25%
OM growth 5Y-0.19%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.43%
GM growth 5Y1.21%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 23.24 | ||
| Debt/EBITDA | 14.44 | ||
| Cap/Depr | 64.66% | ||
| Cap/Sales | 0.19% | ||
| Interest Coverage | 1.47 | ||
| Cash Conversion | 73.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.41 | ||
| Altman-Z | 0.34 |
F-Score4
WACC5.52%
ROIC/WACC0.39
Cap/Depr(3y)83.2%
Cap/Depr(5y)66.36%
Cap/Sales(3y)0.22%
Cap/Sales(5y)0.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.84%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-20.41%
EPS Next Y-1075%
EPS Next 2Y240.95%
EPS Next 3Y130.91%
EPS Next 5YN/A
Revenue 1Y (TTM)1.86%
Revenue growth 3Y7.78%
Revenue growth 5Y1.8%
Sales Q2Q%0.91%
Revenue Next Year0.49%
Revenue Next 2Y3.16%
Revenue Next 3Y3.9%
Revenue Next 5YN/A
EBIT growth 1Y0.04%
EBIT growth 3Y5.36%
EBIT growth 5Y1.6%
EBIT Next Year22.96%
EBIT Next 3Y8.96%
EBIT Next 5YN/A
FCF growth 1Y-28%
FCF growth 3Y-15.19%
FCF growth 5Y-9.67%
OCF growth 1Y-27.89%
OCF growth 3Y-15.05%
OCF growth 5Y-9.58%
ALLIED PROPERTIES REAL ESTAT / AP-UN.CA FAQ
Can you provide the ChartMill fundamental rating for ALLIED PROPERTIES REAL ESTAT?
ChartMill assigns a fundamental rating of 3 / 10 to AP-UN.CA.
What is the valuation status of ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to ALLIED PROPERTIES REAL ESTAT (AP-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for ALLIED PROPERTIES REAL ESTAT?
ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) has a profitability rating of 3 / 10.
Can you provide the expected EPS growth for AP-UN stock?
The Earnings per Share (EPS) of ALLIED PROPERTIES REAL ESTAT (AP-UN.CA) is expected to decline by -1075% in the next year.