CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Stock Fundamental Analysis
Canada - TSX:CAR-UN - CA1349211054 - REIT
39.32 CAD
+0.62 (+1.6%)
Taking everything into account, CAR-UN scores 4 out of 10 in our fundamental rating. CAR-UN was compared to 17 industry peers in the Residential REITs industry. CAR-UN has only an average score on both its financial health and profitability. CAR-UN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year CAR-UN was profitable.
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
With a Return On Assets value of 0.40%, CAR-UN perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.68%, CAR-UN is in line with its industry, outperforming 43.75% of the companies in the same industry.
CAR-UN has a Return On Invested Capital of 3.83%. This is amongst the best in the industry. CAR-UN outperforms 93.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CAR-UN is in line with the industry average of 2.95%.
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 Profit Margin (5.77%) which is comparable to the rest of the industry.
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 81.25% of its industry peers.
CAR-UN's Operating Margin has been stable in the last couple of years.
CAR-UN's Gross Margin of 64.99% is in line compared to the rest of the industry. CAR-UN outperforms 56.25% of its industry peers.
In the last couple of years the Gross Margin of CAR-UN has remained more or less at the same level.
| 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
CAR-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CAR-UN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CAR-UN has less shares outstanding
CAR-UN has a better debt/assets ratio than last year.
2.2 Solvency
CAR-UN has an Altman-Z score of 1.17. This is a bad value and indicates that CAR-UN is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of CAR-UN (1.17) is better than 87.50% of its industry peers.
The Debt to FCF ratio of CAR-UN is 9.95, which is on the high side as it means it would take CAR-UN, 9.95 years of fcf income to pay off all of its debts.
CAR-UN's Debt to FCF ratio of 9.95 is fine compared to the rest of the industry. CAR-UN outperforms 68.75% of its industry peers.
CAR-UN has a Debt/Equity ratio of 0.55. This is a neutral value indicating CAR-UN is somewhat dependend on debt financing.
CAR-UN has a Debt to Equity ratio of 0.55. This is in the better half of the industry: CAR-UN outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 1.17 |
ROIC/WACC0.57
WACC6.67%
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.
With a decent Current ratio value of 0.19, CAR-UN is doing good in the industry, outperforming 68.75% of the companies in the same industry.
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 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.19 | ||
| Quick Ratio | 0.19 |
3. Growth
3.1 Past
The earnings per share for CAR-UN have decreased strongly by -81.36% in the last year.
CAR-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -25.44% yearly.
Looking at the last year, CAR-UN shows a decrease in Revenue. The Revenue has decreased by -6.51% in the last year.
CAR-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.34% yearly.
EPS 1Y (TTM)-81.36%
EPS 3Y-40.04%
EPS 5Y-25.44%
EPS Q2Q%-40.92%
Revenue 1Y (TTM)-6.51%
Revenue growth 3Y6.04%
Revenue growth 5Y7.34%
Sales Q2Q%-10.66%
3.2 Future
The Earnings Per Share is expected to grow by 0.75% on average over the next years.
The Revenue is expected to decrease by -1.44% on average over the next years.
EPS Next Y-35.34%
EPS Next 2Y-9.68%
EPS Next 3Y0.75%
EPS Next 5YN/A
Revenue Next Year-9.03%
Revenue Next 2Y-3.42%
Revenue Next 3Y-1.44%
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.
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
Based on the Price/Earnings ratio of 100.82, the valuation of CAR-UN can be described as expensive.
CAR-UN's Price/Earnings ratio is a bit more expensive when compared to the industry. CAR-UN is more expensive than 62.50% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.89. CAR-UN is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 17.94, which indicates a rather expensive current valuation of CAR-UN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CAR-UN indicates a slightly more expensive valuation: CAR-UN is more expensive than 62.50% of the companies listed in the same industry.
CAR-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100.82 | ||
| Fwd PE | 17.94 |
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 87.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CAR-UN is valued a bit more expensive than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.68 | ||
| EV/EBITDA | 19.36 |
4.3 Compensation for Growth
The decent profitability rating of CAR-UN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.68%
EPS Next 3Y0.75%
5. Dividend
5.1 Amount
CAR-UN has a Yearly Dividend Yield of 2.95%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.52, CAR-UN is paying slightly less dividend.
CAR-UN's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
On average, the dividend of CAR-UN grows each year by 9.26%, which is quite nice.
CAR-UN has paid a dividend for at least 10 years, which is a reliable track record.
CAR-UN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.26%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
CAR-UN pays out 402.38% of its income as dividend. This is not a sustainable payout ratio.
The dividend of CAR-UN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP402.38%
EPS Next 2Y-9.68%
EPS Next 3Y0.75%
TSX:CAR-UN (11/14/2025, 7:00:00 PM)
39.32
+0.62 (+1.6%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners42.42%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap6.14B
Revenue(TTM)1.04B
Net Income(TTM)59.83M
Analysts74.12
Price Target50.81 (29.22%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
Yearly Dividend1.48
Dividend Growth(5Y)9.26%
DP402.38%
Div Incr Years2
Div Non Decr Years2
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)-0.77%
PT rev (3m)-0.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-32.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 100.82 | ||
| Fwd PE | 17.94 | ||
| P/S | 5.93 | ||
| P/FCF | 10.68 | ||
| P/OCF | 10.67 | ||
| P/B | 0.7 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 19.36 |
EPS(TTM)0.39
EY0.99%
EPS(NY)2.19
Fwd EY5.57%
FCF(TTM)3.68
FCFY9.36%
OCF(TTM)3.68
OCFY9.37%
SpS6.63
BVpS56.52
TBVpS56.52
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.27
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 | 1.17 |
F-Score6
WACC6.67%
ROIC/WACC0.57
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)-81.36%
EPS 3Y-40.04%
EPS 5Y-25.44%
EPS Q2Q%-40.92%
EPS Next Y-35.34%
EPS Next 2Y-9.68%
EPS Next 3Y0.75%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.51%
Revenue growth 3Y6.04%
Revenue growth 5Y7.34%
Sales Q2Q%-10.66%
Revenue Next Year-9.03%
Revenue Next 2Y-3.42%
Revenue Next 3Y-1.44%
Revenue Next 5YN/A
EBIT growth 1Y-8.9%
EBIT growth 3Y6.95%
EBIT growth 5Y8.32%
EBIT Next Year-6.67%
EBIT Next 3Y0.03%
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.
What is the valuation status for CAR-UN stock?
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 6 / 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 100.82 and the Price/Book (PB) ratio is 0.7.
How financially healthy is CAN APARTMENT PROP REAL ESTA?
The financial health rating of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) is 5 / 10.