BOARDWALK REAL ESTATE INVEST (BEI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BEI-UN - CA0966311064 - REIT
64.15 CAD
+0.17 (+0.27%)
BEI-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 15 industry peers in the Residential REITs industry. While BEI-UN has a great profitability rating, there are quite some 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.
In the past year BEI-UN had a positive cash flow from operations.
Of the past 5 years BEI-UN 4 years were profitable.
BEI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BEI-UN has a better Return On Assets (3.46%) than 80.00% of its industry peers.
BEI-UN has a better Return On Equity (6.26%) than 73.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.21%, BEI-UN belongs to the top of the industry, outperforming 86.67% 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 2.87%.
The last Return On Invested Capital (3.21%) for BEI-UN is above the 3 year average (2.86%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 6.26% | ||
| ROIC | 3.21% |
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
The Profit Margin of BEI-UN (49.84%) is better than 80.00% of its industry peers.
In the last couple of years the Profit Margin of BEI-UN has grown nicely.
Looking at the Operating Margin, with a value of 55.29%, BEI-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
BEI-UN's Operating Margin has improved in the last couple of years.
BEI-UN has a Gross Margin of 73.60%. This is amongst the best in the industry. BEI-UN outperforms 86.67% of its industry peers.
BEI-UN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.29% | ||
| PM (TTM) | 49.84% | ||
| GM | 73.6% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BEI-UN is destroying value.
The number of shares outstanding for BEI-UN remains at a similar level compared to 1 year ago.
Compared to 5 years ago, BEI-UN has more shares outstanding
Compared to 1 year ago, BEI-UN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.21, we must say that BEI-UN is in the distress zone and has some risk of bankruptcy.
BEI-UN has a Altman-Z score of 1.21. This is amongst the best in the industry. BEI-UN outperforms 93.33% of its industry peers.
BEI-UN has a debt to FCF ratio of 14.67. This is a negative value and a sign of low solvency as BEI-UN would need 14.67 years to pay back of all of its debts.
BEI-UN has a Debt to FCF ratio (14.67) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.55 indicates that BEI-UN is somewhat dependend on debt financing.
BEI-UN has a better Debt to Equity ratio (0.55) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Altman-Z | 1.21 |
ROIC/WACC0.59
WACC5.45%
2.3 Liquidity
BEI-UN has a Current Ratio of 0.11. 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.
The Current ratio of BEI-UN (0.11) is worse than 60.00% of its industry peers.
BEI-UN has a Quick Ratio of 0.11. 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 has a Quick ratio of 0.10. This is in the lower half of the industry: BEI-UN underperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 |
3. Growth
3.1 Past
BEI-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.26%, which is quite good.
Measured over the past years, BEI-UN shows a very strong growth in Earnings Per Share. The EPS has been growing by 70.76% on average per year.
BEI-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 6.52%.
BEI-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.79% yearly.
EPS 1Y (TTM)11.26%
EPS 3Y4.33%
EPS 5Y70.76%
EPS Q2Q%12.05%
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
3.2 Future
BEI-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.74% yearly.
BEI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.29% yearly.
EPS Next Y49.82%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
EPS Next 5YN/A
Revenue Next Year4.03%
Revenue Next 2Y4.58%
Revenue Next 3Y4.29%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
A Price/Earnings ratio of 14.10 indicates a correct valuation of BEI-UN.
BEI-UN's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.92. BEI-UN is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 13.69, BEI-UN is valued correctly.
Based on the Price/Forward Earnings ratio, BEI-UN is valued a bit cheaper than 66.67% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BEI-UN to the average of the S&P500 Index (23.46), we can say BEI-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BEI-UN is valued cheaper than 93.33% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BEI-UN is valued a bit more expensive than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.74 | ||
| EV/EBITDA | 18.47 |
4.3 Compensation for Growth
BEI-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BEI-UN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.28
PEG (5Y)0.2
EPS Next 2Y4.96%
EPS Next 3Y4.74%
5. Dividend
5.1 Amount
BEI-UN has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 1.87, BEI-UN pays less dividend than the industry average, which is at 4.88. 93.33% of the companies listed in the same industry pay a better dividend than BEI-UN!
BEI-UN's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
The dividend of BEI-UN is nicely growing with an annual growth rate of 6.64%!
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
24.03% of the earnings are spent on dividend by BEI-UN. This is a low number and sustainable payout ratio.
BEI-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.03%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
TSX:BEI-UN (12/24/2025, 7:00:00 PM)
64.15
+0.17 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners36.74%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap3.14B
Revenue(TTM)629.35M
Net Income(TTM)313.66M
Analysts77.14
Price Target82.47 (28.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend1.26
Dividend Growth(5Y)6.64%
DP24.03%
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)-1.46%
PT rev (3m)-4.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-7.21%
EPS NY rev (3m)-7.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 13.69 | ||
| P/S | 5 | ||
| P/FCF | 12.74 | ||
| P/OCF | 12.57 | ||
| P/B | 0.63 | ||
| P/tB | 0.63 | ||
| EV/EBITDA | 18.47 |
EPS(TTM)4.55
EY7.09%
EPS(NY)4.69
Fwd EY7.31%
FCF(TTM)5.03
FCFY7.85%
OCF(TTM)5.1
OCFY7.95%
SpS12.84
BVpS102.26
TBVpS102.26
PEG (NY)0.28
PEG (5Y)0.2
Graham Number102.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.46% | ||
| ROE | 6.26% | ||
| ROCE | 4.51% | ||
| ROIC | 3.21% | ||
| ROICexc | 3.26% | ||
| ROICexgc | 3.26% | ||
| OM | 55.29% | ||
| PM (TTM) | 49.84% | ||
| GM | 73.6% | ||
| FCFM | 39.21% |
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 | 0.55 | ||
| Debt/FCF | 14.67 | ||
| Debt/EBITDA | 7.79 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.99 | ||
| Cash Conversion | 70.09% | ||
| Profit Quality | 78.67% | ||
| Current Ratio | 0.11 | ||
| Quick Ratio | 0.1 | ||
| Altman-Z | 1.21 |
F-Score5
WACC5.45%
ROIC/WACC0.59
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 Y49.82%
EPS Next 2Y4.96%
EPS Next 3Y4.74%
EPS Next 5YN/A
Revenue 1Y (TTM)6.52%
Revenue growth 3Y8.64%
Revenue growth 5Y5.79%
Sales Q2Q%5.87%
Revenue Next Year4.03%
Revenue Next 2Y4.58%
Revenue Next 3Y4.29%
Revenue Next 5YN/A
EBIT growth 1Y10.76%
EBIT growth 3Y11.94%
EBIT growth 5Y9.14%
EBIT Next Year14.04%
EBIT Next 3Y8.46%
EBIT Next 5YN/A
FCF growth 1Y33.37%
FCF growth 3Y12.78%
FCF growth 5Y8.4%
OCF growth 1Y33.91%
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 49.82% 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 5 / 10 and the dividend payout ratio is 24.03%.