BTB REAL ESTATE INVESTMENT T (BTB-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTB-UN - CA11777P3007 - REIT
3.97 CAD
-0.06 (-1.49%)
We assign a fundamental rating of 5 out of 10 to BTB-UN. BTB-UN was compared to 38 industry peers in the Diversified REITs industry. BTB-UN has an excellent profitability rating, but there are concerns on its financial health. BTB-UN is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BTB-UN was profitable.
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.
Each year in the past 5 years BTB-UN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BTB-UN (3.37%) is better than 94.74% of its industry peers.
BTB-UN has a Return On Equity of 8.49%. This is amongst the best in the industry. BTB-UN outperforms 92.11% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.43%, BTB-UN is in the better half of the industry, outperforming 73.68% 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 5.47%.
The 3 year average ROIC (4.42%) for BTB-UN is below the current ROIC(4.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.49% | ||
| ROIC | 4.43% |
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
Looking at the Profit Margin, with a value of 32.42%, BTB-UN is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
In the last couple of years the Profit Margin of BTB-UN has declined.
With a decent Operating Margin value of 58.11%, BTB-UN is doing good in the industry, outperforming 68.42% of the companies in the same industry.
In the last couple of years the Operating Margin of BTB-UN has remained more or less at the same level.
The Gross Margin of BTB-UN (80.30%) is better than 92.11% of its industry peers.
In the last couple of years the Gross Margin of BTB-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 58.11% | ||
| PM (TTM) | 32.42% | ||
| GM | 80.3% |
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.
The number of shares outstanding for BTB-UN has been increased compared to 1 year ago.
BTB-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BTB-UN has been reduced compared to a year ago.
2.2 Solvency
BTB-UN has an Altman-Z score of 0.24. 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 worse Altman-Z score (0.24) than 71.05% of its industry peers.
BTB-UN has a debt to FCF ratio of 10.59. This is a negative value and a sign of low solvency as BTB-UN would need 10.59 years to pay back of all of its debts.
BTB-UN's Debt to FCF ratio of 10.59 is amongst the best of the industry. BTB-UN outperforms 81.58% of its industry peers.
A Debt/Equity ratio of 1.45 is on the high side and indicates that BTB-UN has dependencies on debt financing.
BTB-UN has a Debt to Equity ratio of 1.45. This is in the lower half of the industry: BTB-UN underperforms 60.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 10.59 | ||
| Altman-Z | 0.24 |
ROIC/WACC0.8
WACC5.53%
2.3 Liquidity
A Current Ratio of 0.35 indicates that BTB-UN may have some problems paying its short term obligations.
BTB-UN has a Current ratio of 0.35. This is in the better half of the industry: BTB-UN outperforms 65.79% of its industry peers.
A Quick Ratio of 0.35 indicates that BTB-UN may have some problems paying its short term obligations.
The Quick ratio of BTB-UN (0.35) is better than 71.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 |
3. Growth
3.1 Past
BTB-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.16%, which is quite impressive.
BTB-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -12.94% yearly.
BTB-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 0.92%.
The Revenue has been growing slightly by 6.80% on average over the past years.
EPS 1Y (TTM)95.16%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%78%
Revenue 1Y (TTM)0.92%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%1.14%
3.2 Future
Based on estimates for the next years, BTB-UN will show a small growth in Earnings Per Share. The EPS will grow by 5.90% on average per year.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 8.45 indicates a reasonable valuation of BTB-UN.
Compared to the rest of the industry, the Price/Earnings ratio of BTB-UN indicates a rather cheap valuation: BTB-UN is cheaper than 97.37% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.31, BTB-UN is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.62, the valuation of BTB-UN can be described as very reasonable.
Based on the Price/Forward Earnings ratio, BTB-UN is valued cheaply inside the industry as 84.21% of the companies are valued more expensively.
BTB-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.45 | ||
| Fwd PE | 10.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTB-UN is valued cheaper than 86.84% 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 | 5.12 | ||
| EV/EBITDA | 13.7 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BTB-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.35
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.
BTB-UN's Dividend Yield is a higher than the industry average which is at 7.95.
Compared to an average S&P500 Dividend Yield of 2.34, 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 paid a dividend for at least 10 years, which is 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 59.75% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP59.75%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
TSX:BTB-UN (11/28/2025, 7:00:00 PM)
3.97
-0.06 (-1.49%)
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 Cap350.27M
Revenue(TTM)130.47M
Net Income(TTM)42.30M
Analysts72.5
Price Target4.07 (2.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.04% |
Yearly Dividend0.26
Dividend Growth(5Y)-6.72%
DP59.75%
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)7.77%
PT rev (3m)9.62%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
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)-1.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.45 | ||
| Fwd PE | 10.62 | ||
| P/S | 2.68 | ||
| P/FCF | 5.12 | ||
| P/OCF | 5.11 | ||
| P/B | 0.7 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 13.7 |
EPS(TTM)0.47
EY11.84%
EPS(NY)0.37
Fwd EY9.41%
FCF(TTM)0.78
FCFY19.52%
OCF(TTM)0.78
OCFY19.57%
SpS1.48
BVpS5.65
TBVpS5.65
PEG (NY)1.35
PEG (5Y)N/A
Graham Number7.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 8.49% | ||
| ROCE | 6.33% | ||
| ROIC | 4.43% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 4.45% | ||
| OM | 58.11% | ||
| PM (TTM) | 32.42% | ||
| GM | 80.3% | ||
| FCFM | 52.41% |
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-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 10.59 | ||
| Debt/EBITDA | 9.54 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.23 | ||
| Cash Conversion | 90.28% | ||
| Profit Quality | 161.66% | ||
| Current Ratio | 0.35 | ||
| Quick Ratio | 0.35 | ||
| Altman-Z | 0.24 |
F-Score6
WACC5.53%
ROIC/WACC0.8
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)95.16%
EPS 3Y-8.84%
EPS 5Y-12.94%
EPS Q2Q%78%
EPS Next Y6.25%
EPS Next 2Y7.53%
EPS Next 3Y5.9%
EPS Next 5YN/A
Revenue 1Y (TTM)0.92%
Revenue growth 3Y9.02%
Revenue growth 5Y6.8%
Sales Q2Q%1.14%
Revenue Next Year3.95%
Revenue Next 2Y2.46%
Revenue Next 3Y2.78%
Revenue Next 5YN/A
EBIT growth 1Y0.27%
EBIT growth 3Y10.03%
EBIT growth 5Y8.08%
EBIT Next Year-9.63%
EBIT Next 3Y-1.51%
EBIT Next 5YN/A
FCF growth 1Y0.1%
FCF growth 3Y5.42%
FCF growth 5Y6.95%
OCF growth 1Y0.41%
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 8.45 and the Price/Book (PB) ratio is 0.7.
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.