BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - TSX:BEI-UN - CA0966311064 - REIT
63.58 CAD
-0.05 (-0.08%)
Overall BEI-UN gets a fundamental rating of 5 out of 10. We evaluated BEI-UN against 16 industry peers in the Residential REITs industry. While BEI-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. BEI-UN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BEI-UN was profitable.
BEI-UN had a positive operating cash flow in the past year.
BEI-UN had positive earnings in 4 of the past 5 years.
BEI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.78%, BEI-UN belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
With an excellent Return On Equity value of 6.64%, BEI-UN belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.23%, BEI-UN is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
BEI-UN had an Average Return On Invested Capital over the past 3 years of 2.86%. This is in line with the industry average of 2.99%.
The last Return On Invested Capital (3.23%) for BEI-UN is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.78% | ||
| ROE | 6.64% | ||
| ROIC | 3.23% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
1.3 Margins
BEI-UN has a better Profit Margin (53.28%) than 81.25% of its industry peers.
BEI-UN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 54.66%, BEI-UN is in line with its industry, outperforming 56.25% of the companies in the same industry.
BEI-UN's Operating Margin has improved in the last couple of years.
BEI-UN's Gross Margin of 73.22% is amongst the best of the industry. BEI-UN outperforms 87.50% of its industry peers.
In the last couple of years the Gross Margin of BEI-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.66% | ||
| PM (TTM) | 53.28% | ||
| GM | 73.22% |
OM growth 3Y3.04%
OM growth 5Y3.17%
PM growth 3Y0.93%
PM growth 5Y66.4%
GM growth 3Y1.76%
GM growth 5Y1.52%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BEI-UN is destroying value.
The number of shares outstanding for BEI-UN remains at a similar level compared to 1 year ago.
BEI-UN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BEI-UN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.29, we must say that BEI-UN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BEI-UN (1.29) is better than 93.75% of its industry peers.
BEI-UN has a debt to FCF ratio of 14.46. This is a negative value and a sign of low solvency as BEI-UN would need 14.46 years to pay back of all of its debts.
BEI-UN has a Debt to FCF ratio of 14.46. This is comparable to the rest of the industry: BEI-UN outperforms 43.75% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that BEI-UN is somewhat dependend on debt financing.
BEI-UN has a Debt to Equity ratio of 0.52. This is amongst the best in the industry. BEI-UN outperforms 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 14.46 | ||
| Altman-Z | 1.29 |
ROIC/WACC0.6
WACC5.36%
2.3 Liquidity
BEI-UN has a Current Ratio of 0.22. This is a bad value and indicates that BEI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.22, BEI-UN is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
BEI-UN has a Quick Ratio of 0.22. This is a bad value and indicates that BEI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
BEI-UN's Quick ratio of 0.21 is on the low side compared to the rest of the industry. BEI-UN is outperformed by 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.26% over the past year.
BEI-UN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 70.76% yearly.
The Revenue has grown by 10.56% in the past year. This is quite good.
Measured over the past years, BEI-UN shows a small growth in Revenue. The Revenue has been growing by 5.79% on average per year.
EPS 1Y (TTM)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
Revenue 1Y (TTM)10.56%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
3.2 Future
The Earnings Per Share is expected to grow by 4.16% on average over the next years.
The Revenue is expected to grow by 4.19% on average over the next years.
EPS Next Y61.46%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue Next Year3.52%
Revenue Next 2Y4.04%
Revenue Next 3Y4.19%
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 decreasing.
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
With a Price/Earnings ratio of 13.97, BEI-UN is valued correctly.
Based on the Price/Earnings ratio, BEI-UN is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of BEI-UN to the average of the S&P500 Index (26.28), we can say BEI-UN is valued slightly cheaper.
The Price/Forward Earnings ratio is 13.80, which indicates a correct valuation of BEI-UN.
BEI-UN's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of BEI-UN to the average of the S&P500 Index (33.61), we can say BEI-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.97 | ||
| Fwd PE | 13.8 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than BEI-UN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BEI-UN is valued a bit more expensive than the industry average as 68.75% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.74 | ||
| EV/EBITDA | 18.32 |
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 excellent profitability rating of BEI-UN may justify a higher PE ratio.
PEG (NY)0.23
PEG (5Y)0.2
EPS Next 2Y4.05%
EPS Next 3Y4.16%
5. Dividend
5.1 Amount
BEI-UN has a Yearly Dividend Yield of 1.87%.
With a Dividend Yield of 1.87, BEI-UN pays less dividend than the industry average, which is at 4.38. 81.25% of the companies listed in the same industry pay a better dividend than BEI-UN!
Compared to the average S&P500 Dividend Yield of 2.36, BEI-UN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
On average, the dividend of BEI-UN grows each year by 6.64%, which is quite nice.
BEI-UN has paid a dividend for at least 10 years, which is a reliable track record.
BEI-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.64%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BEI-UN pays out 22.05% of its income as dividend. This is a sustainable payout ratio.
The dividend of BEI-UN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.05%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
TSX:BEI-UN (11/10/2025, 7:00:00 PM)
63.58
-0.05 (-0.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.7%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.12B
Revenue(TTM)603.29M
Net Income(TTM)331.40M
Analysts77.14
Price Target85.83 (35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend1.26
Dividend Growth(5Y)6.64%
DP22.05%
Div Incr Years3
Div Non Decr Years3
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)-0.36%
PT rev (3m)3.06%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)58.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.97 | ||
| Fwd PE | 13.8 | ||
| P/S | 5.02 | ||
| P/FCF | 13.74 | ||
| P/OCF | 13.44 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 18.32 |
EPS(TTM)4.55
EY7.16%
EPS(NY)4.61
Fwd EY7.24%
FCF(TTM)4.63
FCFY7.28%
OCF(TTM)4.73
OCFY7.44%
SpS12.66
BVpS101.61
TBVpS101.61
PEG (NY)0.23
PEG (5Y)0.2
Graham Number101.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.78% | ||
| ROE | 6.64% | ||
| ROCE | 4.49% | ||
| ROIC | 3.23% | ||
| ROICexc | 3.24% | ||
| ROICexgc | 3.24% | ||
| OM | 54.66% | ||
| PM (TTM) | 53.28% | ||
| GM | 73.22% | ||
| FCFM | 36.55% |
ROA(3y)6.34%
ROA(5y)4.5%
ROE(3y)11.92%
ROE(5y)8.52%
ROIC(3y)2.86%
ROIC(5y)2.84%
ROICexc(3y)2.93%
ROICexc(5y)2.89%
ROICexgc(3y)2.93%
ROICexgc(5y)2.89%
ROCE(3y)3.98%
ROCE(5y)3.95%
ROICexgc growth 3Y4.08%
ROICexgc growth 5Y3.76%
ROICexc growth 3Y4.08%
ROICexc growth 5Y3.76%
OM growth 3Y3.04%
OM growth 5Y3.17%
PM growth 3Y0.93%
PM growth 5Y66.4%
GM growth 3Y1.76%
GM growth 5Y1.52%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 14.46 | ||
| Debt/EBITDA | 7.41 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.94 | ||
| Cash Conversion | 66.66% | ||
| Profit Quality | 68.6% | ||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 1.29 |
F-Score5
WACC5.36%
ROIC/WACC0.6
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)41.46%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
EPS Next Y61.46%
EPS Next 2Y4.05%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue 1Y (TTM)10.56%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
Revenue Next Year3.52%
Revenue Next 2Y4.04%
Revenue Next 3Y4.19%
Revenue Next 5YN/A
EBIT growth 1Y12.31%
EBIT growth 3Y11.94%
EBIT growth 5Y9.14%
EBIT Next Year13.28%
EBIT Next 3Y7.59%
EBIT Next 5YN/A
FCF growth 1Y33.25%
FCF growth 3Y12.78%
FCF growth 5Y8.4%
OCF growth 1Y33.65%
OCF growth 3Y14.22%
OCF growth 5Y8.46%
BOARDWALK REAL ESTATE INVEST / BEI-UN.CA FAQ
What is the ChartMill fundamental rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BEI-UN.CA.
What is the valuation status for BEI-UN stock?
ChartMill assigns a valuation rating of 5 / 10 to BOARDWALK REAL ESTATE INVEST (BEI-UN.CA). This can be considered as Fairly Valued.
How profitable is BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) stock?
BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) has a profitability rating of 8 / 10.
What is the earnings growth outlook for BOARDWALK REAL ESTATE INVEST?
The Earnings per Share (EPS) of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is expected to grow by 61.46% in the next year.
Can you provide the dividend sustainability for BEI-UN stock?
The dividend rating of BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) is 4 / 10 and the dividend payout ratio is 22.05%.