CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Stock Fundamental Analysis
TSX:CAR-UN • CA1349211054
37.72 CAD
+0.47 (+1.26%)
Last: Feb 26, 2026, 07:00 PM
Taking everything into account, CAR-UN scores 4 out of 10 in our fundamental rating. CAR-UN was compared to 13 industry peers in the Residential REITs industry. CAR-UN has an average financial health and profitability rating. CAR-UN is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- CAR-UN had positive earnings in the past year.
- CAR-UN had a positive operating cash flow in the past year.
- Of the past 5 years CAR-UN 4 years were profitable.
- Each year in the past 5 years CAR-UN had a positive operating cash flow.
1.2 Ratios
- CAR-UN's Return On Assets of 0.40% is on the low side compared to the rest of the industry. CAR-UN is outperformed by 61.54% of its industry peers.
- CAR-UN has a Return On Equity of 0.68%. This is in the lower half of the industry: CAR-UN underperforms 61.54% of its industry peers.
- The Return On Invested Capital of CAR-UN (3.83%) is better than 92.31% of its industry peers.
- CAR-UN had an Average Return On Invested Capital over the past 3 years of 3.48%. This is in line with the industry average of 3.30%.
- The last Return On Invested Capital (3.83%) for CAR-UN is above the 3 year average (3.48%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.4% | ||
| ROE | 0.68% | ||
| ROIC | 3.83% |
ROA(3y)-0.16%
ROA(5y)2.67%
ROE(3y)-0.35%
ROE(5y)4.46%
ROIC(3y)3.48%
ROIC(5y)3.28%
1.3 Margins
- CAR-UN has a worse Profit Margin (5.77%) than 61.54% of its industry peers.
- In the last couple of years the Profit Margin of CAR-UN has declined.
- The Operating Margin of CAR-UN (57.65%) is better than 76.92% of its industry peers.
- In the last couple of years the Operating Margin of CAR-UN has remained more or less at the same level.
- The Gross Margin of CAR-UN (64.99%) is comparable to the rest of the industry.
- CAR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 57.65% | ||
| PM (TTM) | 5.77% | ||
| GM | 64.99% |
OM growth 3Y0.86%
OM growth 5Y0.91%
PM growth 3Y-43.93%
PM growth 5Y-29.69%
GM growth 3Y0.15%
GM growth 5Y0.18%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CAR-UN is destroying value.
- The number of shares outstanding for CAR-UN has been reduced compared to 1 year ago.
- CAR-UN has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for CAR-UN has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.13, we must say that CAR-UN is in the distress zone and has some risk of bankruptcy.
- CAR-UN has a better Altman-Z score (1.13) than 84.62% of its industry peers.
- CAR-UN has a debt to FCF ratio of 9.95. This is a negative value and a sign of low solvency as CAR-UN would need 9.95 years to pay back of all of its debts.
- The Debt to FCF ratio of CAR-UN (9.95) is better than 76.92% of its industry peers.
- A Debt/Equity ratio of 0.55 indicates that CAR-UN is somewhat dependend on debt financing.
- CAR-UN's Debt to Equity ratio of 0.55 is amongst the best of the industry. CAR-UN outperforms 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.55
WACC6.92%
2.3 Liquidity
- CAR-UN has a Current Ratio of 0.19. This is a bad value and indicates that CAR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of CAR-UN (0.19) is better than 69.23% of its industry peers.
- A Quick Ratio of 0.19 indicates that CAR-UN may have some problems paying its short term obligations.
- CAR-UN's Quick ratio of 0.19 is fine compared to the rest of the industry. CAR-UN outperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.19 |
3. Growth
3.1 Past
- CAR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -80.56%.
- CAR-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -25.08% yearly.
- Looking at the last year, CAR-UN shows a decrease in Revenue. The Revenue has decreased by -6.51% in the last year.
- The Revenue has been growing slightly by 7.34% on average over the past years.
EPS 1Y (TTM)-80.56%
EPS 3Y-39.55%
EPS 5Y-25.08%
EPS Q2Q%-39.49%
Revenue 1Y (TTM)-6.51%
Revenue growth 3Y6.04%
Revenue growth 5Y7.34%
Sales Q2Q%-10.66%
3.2 Future
- CAR-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.62% yearly.
- Based on estimates for the next years, CAR-UN will show a decrease in Revenue. The Revenue will decrease by -2.48% on average per year.
EPS Next Y-44.74%
EPS Next 2Y-9.89%
EPS Next 3Y0.62%
EPS Next 5YN/A
Revenue Next Year-10%
Revenue Next 2Y-5.04%
Revenue Next 3Y-2.48%
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
- The Price/Earnings ratio is 94.30, which means the current valuation is very expensive for CAR-UN.
- 69.23% of the companies in the same industry are cheaper than CAR-UN, based on the Price/Earnings ratio.
- CAR-UN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.21.
- A Price/Forward Earnings ratio of 17.29 indicates a rather expensive valuation of CAR-UN.
- CAR-UN's Price/Forward Earnings is on the same level as the industry average.
- CAR-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.3 | ||
| Fwd PE | 17.29 |
4.2 Price Multiples
- CAR-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CAR-UN is cheaper than 92.31% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as CAR-UN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.09 | ||
| EV/EBITDA | 18.73 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.89%
EPS Next 3Y0.62%
5. Dividend
5.1 Amount
- CAR-UN has a Yearly Dividend Yield of 2.95%.
- CAR-UN's Dividend Yield is slightly below the industry average, which is at 4.60.
- CAR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
- The dividend of CAR-UN is nicely growing with an annual growth rate of 9.79%!
- CAR-UN has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of CAR-UN decreased in the last 3 years.
Dividend Growth(5Y)9.79%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 402.38% of the earnings are spent on dividend by CAR-UN. This is not a sustainable payout ratio.
- CAR-UN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP402.38%
EPS Next 2Y-9.89%
EPS Next 3Y0.62%
TSX:CAR-UN (2/26/2026, 7:00:00 PM)
37.72
+0.47 (+1.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-12 2026-02-12
Earnings (Next)05-06 2026-05-06
Inst Owners41.29%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap5.80B
Revenue(TTM)1.04B
Net Income(TTM)59.83M
Analysts75.29
Price Target47.68 (26.41%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
Yearly Dividend1.52
Dividend Growth(5Y)9.79%
DP402.38%
Div Incr Years2
Div Non Decr Years2
Ex-Date01-30 2026-01-30 (0.12917)
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)0.08%
PT rev (3m)-2.72%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-14.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.3 | ||
| Fwd PE | 17.29 | ||
| P/S | 5.6 | ||
| P/FCF | 10.09 | ||
| P/OCF | 10.08 | ||
| P/B | 0.66 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 18.73 |
EPS(TTM)0.4
EY1.06%
EPS(NY)2.18
Fwd EY5.78%
FCF(TTM)3.74
FCFY9.91%
OCF(TTM)3.74
OCFY9.92%
SpS6.73
BVpS57.4
TBVpS57.4
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.4% | ||
| ROE | 0.68% | ||
| ROCE | 4.36% | ||
| ROIC | 3.83% | ||
| ROICexc | 3.86% | ||
| ROICexgc | 3.86% | ||
| OM | 57.65% | ||
| PM (TTM) | 5.77% | ||
| GM | 64.99% | ||
| FCFM | 55.49% |
ROA(3y)-0.16%
ROA(5y)2.67%
ROE(3y)-0.35%
ROE(5y)4.46%
ROIC(3y)3.48%
ROIC(5y)3.28%
ROICexc(3y)3.5%
ROICexc(5y)3.3%
ROICexgc(3y)3.5%
ROICexgc(5y)3.3%
ROCE(3y)3.97%
ROCE(5y)3.74%
ROICexgc growth 3Y12.47%
ROICexgc growth 5Y5.79%
ROICexc growth 3Y12.51%
ROICexc growth 5Y5.81%
OM growth 3Y0.86%
OM growth 5Y0.91%
PM growth 3Y-43.93%
PM growth 5Y-29.69%
GM growth 3Y0.15%
GM growth 5Y0.18%
F-Score6
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 9.95 | ||
| Debt/EBITDA | 8.12 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.37 | ||
| Cash Conversion | 95.36% | ||
| Profit Quality | 961.26% | ||
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.19 | ||
| Altman-Z | 1.13 |
F-Score6
WACC6.92%
ROIC/WACC0.55
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80.56%
EPS 3Y-39.55%
EPS 5Y-25.08%
EPS Q2Q%-39.49%
EPS Next Y-44.74%
EPS Next 2Y-9.89%
EPS Next 3Y0.62%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.51%
Revenue growth 3Y6.04%
Revenue growth 5Y7.34%
Sales Q2Q%-10.66%
Revenue Next Year-10%
Revenue Next 2Y-5.04%
Revenue Next 3Y-2.48%
Revenue Next 5YN/A
EBIT growth 1Y-8.9%
EBIT growth 3Y6.95%
EBIT growth 5Y8.32%
EBIT Next Year-7.37%
EBIT Next 3Y-1.02%
EBIT Next 5YN/A
FCF growth 1Y-6.35%
FCF growth 3Y5.4%
FCF growth 5Y7.08%
OCF growth 1Y-6.26%
OCF growth 3Y5.57%
OCF growth 5Y7.19%
CAN APARTMENT PROP REAL ESTA / CAR-UN.CA FAQ
What is the ChartMill fundamental rating of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CAR-UN.CA.
Can you provide the valuation status for CAN APARTMENT PROP REAL ESTA?
ChartMill assigns a valuation rating of 2 / 10 to CAN APARTMENT PROP REAL ESTA (CAR-UN.CA). This can be considered as Overvalued.
Can you provide the profitability details for CAN APARTMENT PROP REAL ESTA?
CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for CAR-UN stock?
The Price/Earnings (PE) ratio for CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) is 94.3 and the Price/Book (PB) ratio is 0.66.
Is the dividend of CAN APARTMENT PROP REAL ESTA sustainable?
The dividend rating of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) is 4 / 10 and the dividend payout ratio is 402.38%.