BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Stock Fundamental Analysis
Canada - TSX:BTB-UN - CA11777P3007 - REIT
3.88 CAD
+0.03 (+0.78%)
Taking everything into account, BTB-UN scores 5 out of 10 in our fundamental rating. BTB-UN was compared to 38 industry peers in the Diversified REITs industry. While BTB-UN has a great profitability rating, there are quite some concerns on its financial health. BTB-UN scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
BTB-UN had positive earnings in the past year.
In the past year BTB-UN had a positive cash flow from operations.
Each year in the past 5 years BTB-UN has been profitable.
In the past 5 years BTB-UN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.02%, BTB-UN belongs to the top of the industry, outperforming 92.11% of the companies in the same industry.
The Return On Equity of BTB-UN (7.69%) is better than 92.11% of its industry peers.
With an excellent Return On Invested Capital value of 4.36%, BTB-UN belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BTB-UN is in line with the industry average of 5.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.02% | ||
| ROE | 7.69% | ||
| ROIC | 4.36% |
ROA(3y)3.1%
ROA(5y)2.66%
ROE(3y)7.92%
ROE(5y)6.98%
ROIC(3y)4.42%
ROIC(5y)4.2%
1.3 Margins
BTB-UN has a Profit Margin of 29.30%. This is amongst the best in the industry. BTB-UN outperforms 84.21% of its industry peers.
In the last couple of years the Profit Margin of BTB-UN has declined.
BTB-UN has a better Operating Margin (57.48%) than 71.05% of its industry peers.
In the last couple of years the Operating Margin of BTB-UN has remained more or less at the same level.
BTB-UN's Gross Margin of 79.85% is amongst the best of the industry. BTB-UN outperforms 92.11% of its industry peers.
BTB-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.48% | ||
| PM (TTM) | 29.3% | ||
| GM | 79.85% |
OM growth 3Y0.93%
OM growth 5Y1.2%
PM growth 3Y-10.4%
PM growth 5Y-11.68%
GM growth 3Y0.72%
GM growth 5Y0.59%
2. Health
2.1 Basic Checks
BTB-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BTB-UN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BTB-UN has been increased compared to 5 years ago.
BTB-UN has a better debt/assets ratio than last year.
2.2 Solvency
BTB-UN has an Altman-Z score of 0.23. This is a bad value and indicates that BTB-UN is not financially healthy and even has some risk of bankruptcy.
BTB-UN has a Altman-Z score of 0.23. This is in the lower half of the industry: BTB-UN underperforms 71.05% of its industry peers.
The Debt to FCF ratio of BTB-UN is 10.59, which is on the high side as it means it would take BTB-UN, 10.59 years of fcf income to pay off all of its debts.
BTB-UN has a better Debt to FCF ratio (10.59) than 81.58% of its industry peers.
A Debt/Equity ratio of 1.48 is on the high side and indicates that BTB-UN has dependencies on debt financing.
The Debt to Equity ratio of BTB-UN (1.48) is worse than 68.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 10.59 | ||
| Altman-Z | 0.23 |
ROIC/WACC0.78
WACC5.57%
2.3 Liquidity
A Current Ratio of 0.36 indicates that BTB-UN may have some problems paying its short term obligations.
The Current ratio of BTB-UN (0.36) is better than 65.79% of its industry peers.
A Quick Ratio of 0.36 indicates that BTB-UN may have some problems paying its short term obligations.
BTB-UN has a Quick ratio of 0.36. This is in the better half of the industry: BTB-UN outperforms 65.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.76% over the past year.
Measured over the past years, BTB-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.94% on average per year.
The Revenue has been growing slightly by 1.59% in the past year.
BTB-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.80% yearly.
EPS 1Y (TTM)19.76%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%-15.74%
Revenue 1Y (TTM)1.59%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%-5.29%
3.2 Future
BTB-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.90% yearly.
Based on estimates for the next years, BTB-UN will show a small growth in Revenue. The Revenue will grow by 2.78% on average per year.
EPS Next Y6.25%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue Next Year3.95%
Revenue Next 2Y2.46%
Revenue Next 3Y2.78%
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 accelerating.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.02, the valuation of BTB-UN can be described as very reasonable.
Based on the Price/Earnings ratio, BTB-UN is valued cheaper than 97.37% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.83, BTB-UN is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.38, the valuation of BTB-UN can be described as very reasonable.
Based on the Price/Forward Earnings ratio, BTB-UN is valued cheaper than 84.21% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 32.68. BTB-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 10.38 |
4.2 Price Multiples
BTB-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTB-UN is cheaper than 89.47% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BTB-UN is valued cheaper than 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.96 | ||
| EV/EBITDA | 13.82 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BTB-UN may justify a higher PE ratio.
PEG (NY)1.44
PEG (5Y)N/A
EPS Next 2Y7.53%
EPS Next 3Y5.9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.04%, BTB-UN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.95, BTB-UN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, BTB-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
5.2 History
The dividend of BTB-UN decreases each year by -6.72%.
BTB-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
BTB-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-6.72%
Div Incr Years1
Div Non Decr Years3
5.3 Sustainability
BTB-UN pays out 63.00% of its income as dividend. This is not a sustainable payout ratio.
DP63%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
TSX:BTB-UN (11/7/2025, 7:00:00 PM)
3.88
+0.03 (+0.78%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners0.74%
Inst Owner ChangeN/A
Ins Owners1.89%
Ins Owner ChangeN/A
Market Cap342.33M
Revenue(TTM)130.10M
Net Income(TTM)38.12M
Analysts72.5
Price Target3.83 (-1.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
Yearly Dividend0.26
Dividend Growth(5Y)-6.72%
DP63%
Div Incr Years1
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)1.35%
PT rev (3m)2.74%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-10.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 10.38 | ||
| P/S | 2.63 | ||
| P/FCF | 4.96 | ||
| P/OCF | 4.96 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 13.82 |
EPS(TTM)0.43
EY11.08%
EPS(NY)0.37
Fwd EY9.63%
FCF(TTM)0.78
FCFY20.17%
OCF(TTM)0.78
OCFY20.17%
SpS1.47
BVpS5.62
TBVpS5.62
PEG (NY)1.44
PEG (5Y)N/A
Graham Number7.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.02% | ||
| ROE | 7.69% | ||
| ROCE | 6.21% | ||
| ROIC | 4.36% | ||
| ROICexc | 4.38% | ||
| ROICexgc | 4.38% | ||
| OM | 57.48% | ||
| PM (TTM) | 29.3% | ||
| GM | 79.85% | ||
| FCFM | 53.08% |
ROA(3y)3.1%
ROA(5y)2.66%
ROE(3y)7.92%
ROE(5y)6.98%
ROIC(3y)4.42%
ROIC(5y)4.2%
ROICexc(3y)4.43%
ROICexc(5y)4.22%
ROICexgc(3y)4.43%
ROICexgc(5y)4.22%
ROCE(3y)6.3%
ROCE(5y)5.98%
ROICexgc growth 3Y5.92%
ROICexgc growth 5Y1.88%
ROICexc growth 3Y5.92%
ROICexc growth 5Y1.88%
OM growth 3Y0.93%
OM growth 5Y1.2%
PM growth 3Y-10.4%
PM growth 5Y-11.68%
GM growth 3Y0.72%
GM growth 5Y0.59%
F-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 10.59 | ||
| Debt/EBITDA | 9.77 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.29 | ||
| Cash Conversion | 92.24% | ||
| Profit Quality | 181.15% | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 0.23 |
F-Score5
WACC5.57%
ROIC/WACC0.78
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)179.15%
Profit Quality(5y)449.53%
High Growth Momentum
Growth
EPS 1Y (TTM)19.76%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%-15.74%
EPS Next Y6.25%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue 1Y (TTM)1.59%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%-5.29%
Revenue Next Year3.95%
Revenue Next 2Y2.46%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
EBIT growth 1Y0.32%
EBIT growth 3Y10.03%
EBIT growth 5Y8.08%
EBIT Next Year-9.63%
EBIT Next 3Y-1.51%
EBIT Next 5YN/A
FCF growth 1Y-4.57%
FCF growth 3Y5.42%
FCF growth 5Y6.95%
OCF growth 1Y-4.49%
OCF growth 3Y5.3%
OCF growth 5Y6.93%
BTB REAL ESTATE INVESTMENT T / BTB-UN.CA FAQ
What is the ChartMill fundamental rating of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to BTB-UN.CA.
What is the valuation status for BTB-UN stock?
ChartMill assigns a valuation rating of 8 / 10 to BTB REAL ESTATE INVESTMENT T (BTB-UN.CA). This can be considered as Undervalued.
How profitable is BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) stock?
BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for BTB-UN stock?
The Price/Earnings (PE) ratio for BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is 9.02 and the Price/Book (PB) ratio is 0.69.
Can you provide the expected EPS growth for BTB-UN stock?
The Earnings per Share (EPS) of BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) is expected to grow by 6.25% in the next year.