CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Fundamental Analysis & Valuation
TSX:CAR-UN • CA1349211054
Current stock price
35.27 CAD
-0.63 (-1.75%)
Last:
This CAR-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. CAR-UN.CA Profitability Analysis
1.1 Basic Checks
- In the past year CAR-UN was profitable.
- In the past year CAR-UN had a positive cash flow from operations.
- CAR-UN had positive earnings in 4 of the past 5 years.
- CAR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- CAR-UN's Return On Assets of 1.30% is in line compared to the rest of the industry. CAR-UN outperforms 53.33% of its industry peers.
- CAR-UN has a Return On Equity (2.25%) which is comparable to the rest of the industry.
- CAR-UN has a Return On Invested Capital (2.99%) which is in line with its industry peers.
- CAR-UN had an Average Return On Invested Capital over the past 3 years of 3.02%. This is in line with the industry average of 3.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.3% | ||
| ROE | 2.25% | ||
| ROIC | 2.99% |
ROA(3y)0.25%
ROA(5y)1.74%
ROE(3y)0.35%
ROE(5y)2.92%
ROIC(3y)3.02%
ROIC(5y)2.78%
1.3 Margins
- Looking at the Profit Margin, with a value of 19.64%, CAR-UN is in line with its industry, outperforming 60.00% of the companies in the same industry.
- CAR-UN's Profit Margin has declined in the last couple of years.
- CAR-UN has a better Operating Margin (58.22%) than 80.00% 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.
- Looking at the Gross Margin, with a value of 65.15%, CAR-UN is in line with its industry, outperforming 53.33% of the companies in the same industry.
- CAR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 58.22% | ||
| PM (TTM) | 19.64% | ||
| GM | 65.15% |
OM growth 3Y0.12%
OM growth 5Y-0.21%
PM growth 3Y143.88%
PM growth 5Y-28.47%
GM growth 3Y0.3%
GM growth 5Y-0.11%
2. CAR-UN.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CAR-UN is destroying value.
- The number of shares outstanding for CAR-UN has been reduced compared to 1 year ago.
- The number of shares outstanding for CAR-UN has been reduced compared to 5 years ago.
- CAR-UN has a worse debt/assets ratio than last year.
2.2 Solvency
- CAR-UN has an Altman-Z score of 1.05. This is a bad value and indicates that CAR-UN is not financially healthy and even has some risk of bankruptcy.
- CAR-UN's Altman-Z score of 1.05 is fine compared to the rest of the industry. CAR-UN outperforms 80.00% of its industry peers.
- The Debt to FCF ratio of CAR-UN is 10.69, which is on the high side as it means it would take CAR-UN, 10.69 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 10.69, CAR-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- CAR-UN has a Debt/Equity ratio of 0.60. This is a neutral value indicating CAR-UN is somewhat dependend on debt financing.
- CAR-UN has a better Debt to Equity ratio (0.60) than 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 10.69 | ||
| Altman-Z | 1.05 |
ROIC/WACC0.5
WACC5.93%
2.3 Liquidity
- A Current Ratio of 0.21 indicates that CAR-UN may have some problems paying its short term obligations.
- CAR-UN's Current ratio of 0.21 is fine compared to the rest of the industry. CAR-UN outperforms 66.67% of its industry peers.
- A Quick Ratio of 0.21 indicates that CAR-UN may have some problems paying its short term obligations.
- CAR-UN's Quick ratio of 0.21 is fine compared to the rest of the industry. CAR-UN outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.21 |
3. CAR-UN.CA Growth Analysis
3.1 Past
- CAR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.92%.
- The earnings per share for CAR-UN have been decreasing by -25.56% on average. This is quite bad
- The Revenue has decreased by -9.83% in the past year.
- The Revenue has been growing slightly by 2.60% on average over the past years.
EPS 1Y (TTM)-27.92%
EPS 3Y148.91%
EPS 5Y-25.56%
EPS Q2Q%292.33%
Revenue 1Y (TTM)-9.83%
Revenue growth 3Y-0.13%
Revenue growth 5Y2.6%
Sales Q2Q%-11.96%
3.2 Future
- Based on estimates for the next years, CAR-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 35.78% on average per year.
- Based on estimates for the next years, CAR-UN will show a small growth in Revenue. The Revenue will grow by 1.46% on average per year.
EPS Next Y78.91%
EPS Next 2Y35.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.59%
Revenue Next 2Y1.46%
Revenue Next 3YN/A
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. CAR-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- CAR-UN is valuated quite expensively with a Price/Earnings ratio of 28.44.
- CAR-UN's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of CAR-UN to the average of the S&P500 Index (25.23), we can say CAR-UN is valued inline with the index average.
- Based on the Price/Forward Earnings ratio of 13.28, the valuation of CAR-UN can be described as correct.
- CAR-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CAR-UN is cheaper than 66.67% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 22.42, CAR-UN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.44 | ||
| Fwd PE | 13.28 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CAR-UN is valued a bit cheaper than 80.00% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, CAR-UN is valued a bit more expensive than 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.58 | ||
| EV/EBITDA | 19.25 |
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.
- CAR-UN's earnings are expected to grow with 35.78% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)N/A
EPS Next 2Y35.78%
EPS Next 3YN/A
5. CAR-UN.CA Dividend Analysis
5.1 Amount
- CAR-UN has a Yearly Dividend Yield of 2.95%.
- Compared to an average industry Dividend Yield of 4.85, CAR-UN's dividend is way lower than its industry peers. On top of this 80.00% of the companies listed in the same industry pay a better dividend than CAR-UN!
- CAR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
- On average, the dividend of CAR-UN grows each year by 7.88%, which is quite nice.
- 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)7.88%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- CAR-UN pays out 121.27% of its income as dividend. This is not a sustainable payout ratio.
- CAR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP121.27%
EPS Next 2Y35.78%
EPS Next 3YN/A
CAR-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:CAR-UN (3/20/2026, 7:00:00 PM)
35.27
-0.63 (-1.75%)
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 Owners40.05%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap5.42B
Revenue(TTM)1.00B
Net Income(TTM)197.05M
Analysts75.29
Price Target47.28 (34.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
Yearly Dividend1.54
Dividend Growth(5Y)7.88%
DP121.27%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-27 2026-02-27 (0.12916)
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)-0.82%
PT rev (3m)-2.59%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)21.76%
EPS NY rev (3m)21.76%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.44 | ||
| Fwd PE | 13.28 | ||
| P/S | 5.4 | ||
| P/FCF | 9.58 | ||
| P/OCF | 9.53 | ||
| P/B | 0.62 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 19.25 |
EPS(TTM)1.24
EY3.52%
EPS(NY)2.66
Fwd EY7.53%
FCF(TTM)3.68
FCFY10.44%
OCF(TTM)3.7
OCFY10.49%
SpS6.53
BVpS56.99
TBVpS56.99
PEG (NY)0.36
PEG (5Y)N/A
Graham Number39.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.3% | ||
| ROE | 2.25% | ||
| ROCE | 4.17% | ||
| ROIC | 2.99% | ||
| ROICexc | 3% | ||
| ROICexgc | 3% | ||
| OM | 58.22% | ||
| PM (TTM) | 19.64% | ||
| GM | 65.15% | ||
| FCFM | 56.42% |
ROA(3y)0.25%
ROA(5y)1.74%
ROE(3y)0.35%
ROE(5y)2.92%
ROIC(3y)3.02%
ROIC(5y)2.78%
ROICexc(3y)3.04%
ROICexc(5y)2.79%
ROICexgc(3y)3.04%
ROICexgc(5y)2.79%
ROCE(3y)4.21%
ROCE(5y)3.87%
ROICexgc growth 3Y6.22%
ROICexgc growth 5Y3.14%
ROICexc growth 3Y6.22%
ROICexc growth 5Y3.16%
OM growth 3Y0.12%
OM growth 5Y-0.21%
PM growth 3Y143.88%
PM growth 5Y-28.47%
GM growth 3Y0.3%
GM growth 5Y-0.11%
F-Score5
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 10.69 | ||
| Debt/EBITDA | 8.93 | ||
| Cap/Depr | 42.12% | ||
| Cap/Sales | 0.27% | ||
| Interest Coverage | 1.93 | ||
| Cash Conversion | 96.32% | ||
| Profit Quality | 287.3% | ||
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 1.05 |
F-Score5
WACC5.93%
ROIC/WACC0.5
Cap/Depr(3y)53.17%
Cap/Depr(5y)N/A
Cap/Sales(3y)0.32%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-27.92%
EPS 3Y148.91%
EPS 5Y-25.56%
EPS Q2Q%292.33%
EPS Next Y78.91%
EPS Next 2Y35.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.83%
Revenue growth 3Y-0.13%
Revenue growth 5Y2.6%
Sales Q2Q%-11.96%
Revenue Next Year-0.59%
Revenue Next 2Y1.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-11.41%
EBIT growth 3Y-0.01%
EBIT growth 5Y2.39%
EBIT Next Year4.97%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-12.32%
FCF growth 3Y-1.81%
FCF growth 5Y3.3%
OCF growth 1Y-12.33%
OCF growth 3Y-1.65%
OCF growth 5Y3.39%
CAN APARTMENT PROP REAL ESTA / CAR-UN.CA Fundamental Analysis 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 4 / 10 to CAN APARTMENT PROP REAL ESTA (CAR-UN.CA). This can be considered as Fairly Valued.
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 4 / 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 28.44 and the Price/Book (PB) ratio is 0.62.
Is the dividend of CAN APARTMENT PROP REAL ESTA sustainable?
The dividend rating of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) is 5 / 10 and the dividend payout ratio is 121.27%.