KILLAM APARTMENT REAL ESTATE (KMP-UN.CA) Stock Fundamental Analysis
Canada - TSX:KMP-UN - CA49410M1023 - REIT
18.06 CAD
+0.07 (+0.39%)
KMP-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 16 industry peers in the Residential REITs industry. While KMP-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. KMP-UN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year KMP-UN was profitable.
In the past year KMP-UN had a positive cash flow from operations.
KMP-UN had positive earnings in each of the past 5 years.
Each year in the past 5 years KMP-UN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.11%, KMP-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
KMP-UN has a Return On Equity of 17.52%. This is amongst the best in the industry. KMP-UN outperforms 100.00% of its industry peers.
KMP-UN has a better Return On Invested Capital (3.21%) than 68.75% of its industry peers.
KMP-UN had an Average Return On Invested Capital over the past 3 years of 3.10%. This is in line with the industry average of 2.99%.
The 3 year average ROIC (3.10%) for KMP-UN is below the current ROIC(3.21%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.11% | ||
| ROE | 17.52% | ||
| ROIC | 3.21% |
ROA(3y)6.68%
ROA(5y)6.03%
ROE(3y)12.58%
ROE(5y)11.9%
ROIC(3y)3.1%
ROIC(5y)3.02%
1.3 Margins
KMP-UN's Profit Margin of 149.64% is amongst the best of the industry. KMP-UN outperforms 100.00% of its industry peers.
KMP-UN's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 60.20%, KMP-UN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of KMP-UN has remained more or less at the same level.
The Gross Margin of KMP-UN (66.29%) is better than 75.00% of its industry peers.
In the last couple of years the Gross Margin of KMP-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 60.2% | ||
| PM (TTM) | 149.64% | ||
| GM | 66.29% |
OM growth 3Y1.79%
OM growth 5Y1.41%
PM growth 3Y23.12%
PM growth 5Y9.37%
GM growth 3Y1.54%
GM growth 5Y0.96%
2. Health
2.1 Basic Checks
KMP-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for KMP-UN has been increased compared to 1 year ago.
The number of shares outstanding for KMP-UN has been increased compared to 5 years ago.
The debt/assets ratio for KMP-UN has been reduced compared to a year ago.
2.2 Solvency
KMP-UN has an Altman-Z score of 1.11. This is a bad value and indicates that KMP-UN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.11, KMP-UN belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
KMP-UN has a debt to FCF ratio of 29.84. This is a negative value and a sign of low solvency as KMP-UN would need 29.84 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 29.84, KMP-UN is doing worse than 93.75% of the companies in the same industry.
KMP-UN has a Debt/Equity ratio of 0.58. This is a neutral value indicating KMP-UN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.58, KMP-UN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 29.84 | ||
| Altman-Z | 1.11 |
ROIC/WACC0.57
WACC5.66%
2.3 Liquidity
KMP-UN has a Current Ratio of 0.09. This is a bad value and indicates that KMP-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
KMP-UN has a worse Current ratio (0.09) than 81.25% of its industry peers.
A Quick Ratio of 0.09 indicates that KMP-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.09, KMP-UN is doing worse than 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 |
3. Growth
3.1 Past
KMP-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 79.40%, which is quite impressive.
The Earnings Per Share has been growing by 12.88% on average over the past years. This is quite good.
Looking at the last year, KMP-UN shows a small growth in Revenue. The Revenue has grown by 5.74% in the last year.
Measured over the past years, KMP-UN shows a quite strong growth in Revenue. The Revenue has been growing by 8.53% on average per year.
EPS 1Y (TTM)79.4%
EPS 3Y28.07%
EPS 5Y12.88%
EPS Q2Q%-71.38%
Revenue 1Y (TTM)5.74%
Revenue growth 3Y7.82%
Revenue growth 5Y8.53%
Sales Q2Q%5.36%
3.2 Future
The Earnings Per Share is expected to decrease by -21.67% on average over the next years. This is quite bad
Based on estimates for the next years, KMP-UN will show a decrease in Revenue. The Revenue will decrease by -1.28% on average per year.
EPS Next Y-36.04%
EPS Next 2Y-32.48%
EPS Next 3Y-21.67%
EPS Next 5YN/A
Revenue Next Year5.14%
Revenue Next 2Y4.49%
Revenue Next 3Y-1.28%
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 decreasing.
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
A Price/Earnings ratio of 3.98 indicates a rather cheap valuation of KMP-UN.
Based on the Price/Earnings ratio, KMP-UN is valued cheaply inside the industry as 93.75% of the companies are valued more expensively.
KMP-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.86.
Based on the Price/Forward Earnings ratio of 13.86, the valuation of KMP-UN can be described as correct.
KMP-UN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KMP-UN is cheaper than 62.50% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KMP-UN to the average of the S&P500 Index (23.29), we can say KMP-UN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.98 | ||
| Fwd PE | 13.86 |
4.2 Price Multiples
93.75% of the companies in the same industry are more expensive than KMP-UN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, KMP-UN is valued expensively inside the industry as 87.50% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.58 | ||
| EV/EBITDA | 19.15 |
4.3 Compensation for Growth
KMP-UN has an outstanding profitability rating, which may justify a higher PE ratio.
KMP-UN's earnings are expected to decrease with -21.67% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.31
EPS Next 2Y-32.48%
EPS Next 3Y-21.67%
5. Dividend
5.1 Amount
KMP-UN has a Yearly Dividend Yield of 3.95%.
KMP-UN's Dividend Yield is comparable with the industry average which is at 4.32.
KMP-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
5.2 History
The dividend of KMP-UN has a limited annual growth rate of 0.75%.
KMP-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
KMP-UN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.75%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
10.97% of the earnings are spent on dividend by KMP-UN. This is a low number and sustainable payout ratio.
DP10.97%
EPS Next 2Y-32.48%
EPS Next 3Y-21.67%
TSX:KMP-UN (10/2/2025, 7:00:00 PM)
18.06
+0.07 (+0.39%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners34.45%
Inst Owner ChangeN/A
Ins Owners1.46%
Ins Owner ChangeN/A
Market Cap2.19B
Analysts81.33
Price Target22.21 (22.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.95% |
Yearly Dividend0.51
Dividend Growth(5Y)0.75%
DP10.97%
Div Incr Years1
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)0.23%
PT rev (3m)-0.08%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)49.59%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.98 | ||
| Fwd PE | 13.86 | ||
| P/S | 5.83 | ||
| P/FCF | 29.58 | ||
| P/OCF | 13.98 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 19.15 |
EPS(TTM)4.54
EY25.14%
EPS(NY)1.3
Fwd EY7.21%
FCF(TTM)0.61
FCFY3.38%
OCF(TTM)1.29
OCFY7.15%
SpS3.1
BVpS26.45
TBVpS26.45
PEG (NY)N/A
PEG (5Y)0.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.11% | ||
| ROE | 17.52% | ||
| ROCE | 4.5% | ||
| ROIC | 3.21% | ||
| ROICexc | 3.22% | ||
| ROICexgc | 3.22% | ||
| OM | 60.2% | ||
| PM (TTM) | 149.64% | ||
| GM | 66.29% | ||
| FCFM | 19.72% |
ROA(3y)6.68%
ROA(5y)6.03%
ROE(3y)12.58%
ROE(5y)11.9%
ROIC(3y)3.1%
ROIC(5y)3.02%
ROICexc(3y)3.11%
ROICexc(5y)3.02%
ROICexgc(3y)3.11%
ROICexgc(5y)3.02%
ROCE(3y)4.42%
ROCE(5y)4.3%
ROICexcg growth 3Y4.18%
ROICexcg growth 5Y-0.29%
ROICexc growth 3Y4.18%
ROICexc growth 5Y-0.29%
OM growth 3Y1.79%
OM growth 5Y1.41%
PM growth 3Y23.12%
PM growth 5Y9.37%
GM growth 3Y1.54%
GM growth 5Y0.96%
F-Score8
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 29.84 | ||
| Debt/EBITDA | 8.14 | ||
| Cap/Depr | 7805.01% | ||
| Cap/Sales | 22% | ||
| Interest Coverage | 2.88 | ||
| Cash Conversion | 68.98% | ||
| Profit Quality | 13.18% | ||
| Current Ratio | 0.09 | ||
| Quick Ratio | 0.09 | ||
| Altman-Z | 1.11 |
F-Score8
WACC5.66%
ROIC/WACC0.57
Cap/Depr(3y)13305%
Cap/Depr(5y)N/A
Cap/Sales(3y)27.52%
Cap/Sales(5y)N/A
Profit Quality(3y)16.36%
Profit Quality(5y)31.2%
High Growth Momentum
Growth
EPS 1Y (TTM)79.4%
EPS 3Y28.07%
EPS 5Y12.88%
EPS Q2Q%-71.38%
EPS Next Y-36.04%
EPS Next 2Y-32.48%
EPS Next 3Y-21.67%
EPS Next 5YN/A
Revenue 1Y (TTM)5.74%
Revenue growth 3Y7.82%
Revenue growth 5Y8.53%
Sales Q2Q%5.36%
Revenue Next Year5.14%
Revenue Next 2Y4.49%
Revenue Next 3Y-1.28%
Revenue Next 5YN/A
EBIT growth 1Y7.36%
EBIT growth 3Y9.75%
EBIT growth 5Y10.06%
EBIT Next Year9.32%
EBIT Next 3Y6.7%
EBIT Next 5YN/A
FCF growth 1Y2342.9%
FCF growth 3Y1.29%
FCF growth 5Y-7%
OCF growth 1Y14.74%
OCF growth 3Y4.45%
OCF growth 5Y10.96%