CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Fundamental Analysis & Valuation
TSX:CAR-UN • CA1349211054
Current stock price
37.07 CAD
+0.16 (+0.43%)
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
- CAR-UN had positive earnings in the past year.
- 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.
- In the past 5 years CAR-UN always reported a positive cash flow from operatings.
1.2 Ratios
- CAR-UN has a Return On Assets (1.30%) which is in line with its industry peers.
- CAR-UN has a Return On Equity (2.25%) which is in line with its industry peers.
- CAR-UN has a Return On Invested Capital (2.99%) which is comparable to the rest of the industry.
- 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 2.76%.
| 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
- CAR-UN has a Profit Margin (19.64%) which is in line with its industry peers.
- CAR-UN's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 58.22%, CAR-UN belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
- 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 (65.15%) 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 | 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
- 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.
- Compared to 5 years ago, CAR-UN has less shares outstanding
- Compared to 1 year ago, CAR-UN has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.07, 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 (1.07) than 86.67% of its industry peers.
- CAR-UN has a debt to FCF ratio of 10.69. This is a negative value and a sign of low solvency as CAR-UN would need 10.69 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 10.69, CAR-UN is doing good in the industry, outperforming 73.33% of the companies in the same industry.
- A Debt/Equity ratio of 0.60 indicates that 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 | 1.07 |
ROIC/WACC0.48
WACC6.2%
2.3 Liquidity
- CAR-UN has a Current Ratio of 0.21. 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 has a Current ratio (0.21) which is in line with its industry peers.
- CAR-UN has a Quick Ratio of 0.21. 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 Quick ratio of CAR-UN (0.21) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.21 | ||
| Quick Ratio | 0.21 |
3. CAR-UN.CA Growth Analysis
3.1 Past
- The earnings per share for CAR-UN have decreased strongly by -27.92% 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 -25.56% yearly.
- Looking at the last year, CAR-UN shows a decrease in Revenue. The Revenue has decreased by -9.83% in the last 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 1.22% on average per year.
EPS Next Y78.91%
EPS Next 2Y35.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.79%
Revenue Next 2Y1.22%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. CAR-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 29.90, which means the current valuation is very expensive for CAR-UN.
- Compared to the rest of the industry, the Price/Earnings ratio of CAR-UN is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 27.42. CAR-UN is around the same levels.
- With a Price/Forward Earnings ratio of 13.96, CAR-UN is valued correctly.
- 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 22.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.9 | ||
| Fwd PE | 13.96 |
4.2 Price Multiples
- 86.67% of the companies in the same industry are more expensive than CAR-UN, based on the Enterprise Value to EBITDA ratio.
- CAR-UN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.06 | ||
| EV/EBITDA | 19.71 |
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)0.38
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%.
- With a Dividend Yield of 2.95, CAR-UN pays less dividend than the industry average, which is at 5.04. 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 1.81.
| 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 been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)7.88%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 121.27% of the earnings are spent on dividend by CAR-UN. This is not a sustainable payout ratio.
- The dividend of CAR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP121.27%
EPS Next 2Y35.78%
EPS Next 3YN/A
CAR-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:CAR-UN (4/24/2026, 7:00:00 PM)
37.07
+0.16 (+0.43%)
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)05-07 2026-05-07
Inst Owners38.6%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap5.69B
Revenue(TTM)1.00B
Net Income(TTM)197.05M
Analysts74.44
Price Target46.75 (26.11%)
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 Years0
Div Non Decr Years0
Ex-Date04-30 2026-04-30 (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)-1.13%
PT rev (3m)-1.87%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)21.76%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.9 | ||
| Fwd PE | 13.96 | ||
| P/S | 5.67 | ||
| P/FCF | 10.06 | ||
| P/OCF | 10.01 | ||
| P/B | 0.65 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 19.71 |
EPS(TTM)1.24
EY3.35%
EPS(NY)2.66
Fwd EY7.17%
FCF(TTM)3.69
FCFY9.95%
OCF(TTM)3.7
OCFY9.99%
SpS6.53
BVpS57.05
TBVpS57.05
PEG (NY)0.38
PEG (5Y)N/A
Graham Number39.8974 (7.63%)
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 | 1.07 |
F-Score5
WACC6.2%
ROIC/WACC0.48
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-0.79%
Revenue Next 2Y1.22%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-11.41%
EBIT growth 3Y-0.01%
EBIT growth 5Y2.39%
EBIT Next Year4.26%
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.
What is the valuation status of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to CAN APARTMENT PROP REAL ESTA (CAR-UN.CA). This can be considered as Fairly Valued.
What is the profitability of CAR-UN stock?
CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) has a profitability rating of 5 / 10.
What is the financial health of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) stock?
The financial health rating of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) is 4 / 10.
What is the expected EPS growth for CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) stock?
The Earnings per Share (EPS) of CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) is expected to grow by 78.91% in the next year.