CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:CAR-UN - CA1349211054 - REIT
38.71 CAD
-0.65 (-1.65%)
CAR-UN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 14 industry peers in the Residential REITs industry. CAR-UN has an average financial health and profitability rating. CAR-UN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
- CAR-UN had positive earnings in the past year.
- In the past year CAR-UN had a positive cash flow from operations.
- Of the past 5 years CAR-UN 4 years were profitable.
- In the past 5 years CAR-UN always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 0.40%, CAR-UN perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
- With a Return On Equity value of 0.68%, CAR-UN perfoms like the industry average, outperforming 42.86% 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 92.86% 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 3.07%.
- The 3 year average ROIC (3.48%) for CAR-UN is below the current ROIC(3.83%), indicating increased profibility in the last year.
| 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 of 5.77%. This is comparable to the rest of the industry: CAR-UN outperforms 42.86% of its industry peers.
- CAR-UN's Profit Margin has declined in the last couple of years.
- CAR-UN has a Operating Margin of 57.65%. This is in the better half of the industry: CAR-UN outperforms 78.57% 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.
- CAR-UN's Gross Margin of 64.99% is in line compared to the rest of the industry. CAR-UN outperforms 50.00% of its industry peers.
- 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.
- CAR-UN has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for CAR-UN has been reduced compared to 5 years ago.
- Compared to 1 year ago, CAR-UN has an improved debt to assets ratio.
2.2 Solvency
- CAR-UN has an Altman-Z score of 1.16. 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 (1.16) is better than 85.71% 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.
- CAR-UN has a Debt to FCF ratio of 9.95. This is in the better half of the industry: CAR-UN outperforms 78.57% of its industry peers.
- A Debt/Equity ratio of 0.55 indicates that CAR-UN is somewhat dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.55, CAR-UN belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 1.16 |
ROIC/WACC0.56
WACC6.88%
2.3 Liquidity
- A Current Ratio of 0.19 indicates that CAR-UN may have some problems paying its short term obligations.
- CAR-UN has a better Current ratio (0.19) than 64.29% of its industry peers.
- CAR-UN has a Quick 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.
- CAR-UN's Quick ratio of 0.19 is fine compared to the rest of the industry. CAR-UN outperforms 64.29% 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
- 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.
- The Revenue is expected to decrease by -2.48% on average over the next years.
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.
- 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
- With a Price/Earnings ratio of 99.26, CAR-UN can be considered very expensive at the moment.
- Compared to the rest of the industry, the Price/Earnings ratio of CAR-UN indicates a slightly more expensive valuation: CAR-UN is more expensive than 64.29% of the companies listed in the same industry.
- CAR-UN is valuated expensively when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 17.74, CAR-UN is valued on the expensive side.
- CAR-UN's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.94, CAR-UN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 99.26 | ||
| Fwd PE | 17.74 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CAR-UN is valued cheaper than 85.71% of the companies in the same industry.
- CAR-UN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.52 | ||
| EV/EBITDA | 19.2 |
4.3 Compensation for Growth
- CAR-UN has a very decent profitability rating, which may justify a higher PE ratio.
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%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 4.73, CAR-UN is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.83, CAR-UN pays a better dividend.
| 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 9.26%!
- CAR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- The dividend of CAR-UN decreased 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.
- 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 (1/20/2026, 7:00:00 PM)
38.71
-0.65 (-1.65%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)11-06 2025-11-06
Earnings (Next)02-12 2026-02-12
Inst Owners41.29%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap6.05B
Revenue(TTM)1.04B
Net Income(TTM)59.83M
Analysts75.29
Price Target47.64 (23.07%)
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-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)-1.86%
PT rev (3m)-6.97%
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 | 99.26 | ||
| Fwd PE | 17.74 | ||
| P/S | 5.84 | ||
| P/FCF | 10.52 | ||
| P/OCF | 10.51 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 19.2 |
EPS(TTM)0.39
EY1.01%
EPS(NY)2.18
Fwd EY5.64%
FCF(TTM)3.68
FCFY9.51%
OCF(TTM)3.68
OCFY9.51%
SpS6.63
BVpS56.51
TBVpS56.51
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 | 1.16 |
F-Score6
WACC6.88%
ROIC/WACC0.56
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-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 3 / 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 99.26 and the Price/Book (PB) ratio is 0.68.
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%.