FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) Fundamental Analysis & Valuation

Q: What is the ChartMill fundamental rating of FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MHC-UN.CA.

TSX:MHC-UN • CA33843T1084

26.5 CAD

-0.09 (-0.34%)

Last: Apr 10, 2026, 07:00 PM

This MHC-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1. MHC-UN.CA Profitability Analysis

1.1 Basic Checks

In the past year MHC-UN was profitable.
In the past year MHC-UN had a positive cash flow from operations.
In the past 5 years MHC-UN has always been profitable.
MHC-UN had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

With an excellent Return On Assets value of 8.50%, MHC-UN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
Looking at the Return On Equity, with a value of 16.79%, MHC-UN belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
The Return On Invested Capital of MHC-UN (1.45%) is worse than 78.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MHC-UN is in line with the industry average of 3.25%.

		Industry Rank	Sector Rank
ROA	8.5%
ROE	16.79%
ROIC	1.45%

ROA(3y)8.35%

ROA(5y)7.8%

ROE(3y)16.47%

ROE(5y)15.99%

ROIC(3y)2.82%

ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 111.88%, MHC-UN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Profit Margin of MHC-UN has declined.
Looking at the Operating Margin, with a value of 23.98%, MHC-UN is doing worse than 71.43% of the companies in the same industry.
MHC-UN's Operating Margin has declined in the last couple of years.
MHC-UN's Gross Margin of 66.18% is in line compared to the rest of the industry. MHC-UN outperforms 57.14% of its industry peers.
In the last couple of years the Gross Margin of MHC-UN has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	23.98%
PM (TTM)	111.88%
GM	66.18%

OM growth 3Y-33.91%

OM growth 5Y-18.92%

PM growth 3Y15.51%

PM growth 5Y-27.8%

GM growth 3Y-0.01%

GM growth 5Y-0.02%

More info and screens

ROA ROE ROIC Operating and Profit Margin Show most profitable peers

2. MHC-UN.CA Health Analysis

2.1 Basic Checks

MHC-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 MHC-UN remains at a similar level compared to 1 year ago.
MHC-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MHC-UN is higher compared to a year ago.

2.2 Solvency

MHC-UN has an Altman-Z score of 0.77. This is a bad value and indicates that MHC-UN is not financially healthy and even has some risk of bankruptcy.
MHC-UN's Altman-Z score of 0.77 is fine compared to the rest of the industry. MHC-UN outperforms 64.29% of its industry peers.
The Debt to FCF ratio of MHC-UN is 9.43, which is on the high side as it means it would take MHC-UN, 9.43 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MHC-UN (9.43) is better than 85.71% of its industry peers.
MHC-UN has a Debt/Equity ratio of 0.77. This is a neutral value indicating MHC-UN is somewhat dependend on debt financing.
MHC-UN has a Debt to Equity ratio of 0.77. This is in the better half of the industry: MHC-UN outperforms 64.29% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.77
Debt/FCF	9.43
Altman-Z	0.77

ROIC/WACC0.23

WACC6.46%

2.3 Liquidity

MHC-UN has a Current Ratio of 0.14. This is a bad value and indicates that MHC-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
MHC-UN has a Current ratio of 0.14. This is in the lower half of the industry: MHC-UN underperforms 64.29% of its industry peers.
MHC-UN has a Quick Ratio of 0.14. This is a bad value and indicates that MHC-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
MHC-UN has a worse Quick ratio (0.14) than 64.29% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.14
Quick Ratio	0.14

More info and screens

WACC Debt/Equity How to determine the health of a company Altman-Z score Show peers with great health

3. MHC-UN.CA Growth Analysis

3.1 Past

The Earnings Per Share has been growing slightly by 7.28% over the past year.
MHC-UN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.56% yearly.
The Revenue has grown by 17.31% in the past year. This is quite good.
MHC-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 65.61% yearly.

EPS 1Y (TTM)7.28%

EPS 3Y28.44%

EPS 5Y3.56%

EPS Q2Q%80.44%

Revenue 1Y (TTM)17.31%

Revenue growth 3Y20.7%

Revenue growth 5Y65.61%

Sales Q2Q%15.58%

3.2 Future

MHC-UN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -30.43% yearly.
The Revenue is expected to grow by 10.41% on average over the next years. This is quite good.

EPS Next Y-56.41%

EPS Next 2Y-30.43%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year15.14%

Revenue Next 2Y10.41%

Revenue Next 3YN/A

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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.

More info and screens

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4. MHC-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

MHC-UN is valuated cheaply with a Price/Earnings ratio of 4.17.
MHC-UN's Price/Earnings ratio is rather cheap when compared to the industry. MHC-UN is cheaper than 85.71% of the companies in the same industry.
MHC-UN is valuated cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.67, MHC-UN is valued correctly.
MHC-UN's Price/Forward Earnings is on the same level as the industry average.
MHC-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.54.

		Industry Rank	Sector Rank
PE	4.17
Fwd PE	13.67

4.2 Price Multiples

MHC-UN's Enterprise Value to EBITDA is on the same level as the industry average.
MHC-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MHC-UN is cheaper than 71.43% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	6.56
EV/EBITDA	35.41

4.3 Compensation for Growth

MHC-UN's earnings are expected to decrease with -30.43% in the coming years. This may justify a cheaper valuation.

PEG (NY)N/A

PEG (5Y)1.17

EPS Next 2Y-30.43%

EPS Next 3YN/A

More info and screens

Price/Earnings Price/FCF FCF per share EV/EBITDA PEG RATIO Show best valued peers

5. MHC-UN.CA Dividend Analysis

5.1 Amount

MHC-UN has a Yearly Dividend Yield of 3.91%.
Compared to an average industry Dividend Yield of 4.88, MHC-UN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.89, MHC-UN pays a better dividend.

		Industry Rank	Sector Rank
Dividend Yield	3.91%

5.2 History

MHC-UN has been paying a dividend for over 5 years, so it has already some track record.

Dividend Growth(5Y)N/A

Div Incr Years0

Div Non Decr Years0

5.3 Sustainability

MHC-UN pays out 13.52% of its income as dividend. This is a sustainable payout ratio.

DP13.52%

EPS Next 2Y-30.43%

EPS Next 3YN/A

More info and screens

Find the best dividend stocks Show peers with best dividend

MHC-UN.CA Fundamentals: All Metrics, Ratios and Statistics

FLAGSHIP COMMUNITIES REIT UT

TSX:MHC-UN (4/10/2026, 7:00:00 PM)

26.5

-0.09 (-0.34%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryResidential REITs

Earnings (Last)03-09 2026-03-09

Earnings (Next)05-04 2026-05-04

Inst Owners42.71%

Inst Owner ChangeN/A

Ins Owners0.55%

Ins Owner ChangeN/A

Market Cap514.10M

Revenue(TTM)103.39M

Net Income(TTM)115.67M

Analysts83.53

Price Target32.71 (23.43%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	3.91%

Yearly Dividend1.11

Dividend Growth(5Y)N/A

DP13.52%

Div Incr Years0

Div Non Decr Years0

Ex-Date03-31 2026-03-31 (0.0545)

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%

PT rev (3m)-0.87%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)0%

EPS NY rev (3m)0%

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)3.24%

Revenue NY rev (3m)3.24%

Valuation

		Industry Rank	Sector Rank
PE	4.17
Fwd PE	13.67
P/S	3.59
P/FCF	6.56
P/OCF	6.44
P/B	0.54
P/tB	0.54
EV/EBITDA	35.41

EPS(TTM)6.36

EY24%

EPS(NY)1.94

Fwd EY7.32%

FCF(TTM)4.04

FCFY15.24%

OCF(TTM)4.11

OCFY15.52%

SpS7.38

BVpS49.14

TBVpS49.14

PEG (NY)N/A

PEG (5Y)1.17

Graham Number83.86

Profitability

		Industry Rank	Sector Rank
ROA	8.5%
ROE	16.79%
ROCE	2.02%
ROIC	1.45%
ROICexc	1.47%
ROICexgc	1.47%
OM	23.98%
PM (TTM)	111.88%
GM	66.18%
FCFM	54.74%

ROA(3y)8.35%

ROA(5y)7.8%

ROE(3y)16.47%

ROE(5y)15.99%

ROIC(3y)2.82%

ROIC(5y)N/A

ROICexc(3y)2.84%

ROICexc(5y)N/A

ROICexgc(3y)2.84%

ROICexgc(5y)N/A

ROCE(3y)3.94%

ROCE(5y)N/A

ROICexgc growth 3Y-31.47%

ROICexgc growth 5Y8.93%

ROICexc growth 3Y-31.47%

ROICexc growth 5Y8.93%

OM growth 3Y-33.91%

OM growth 5Y-18.92%

PM growth 3Y15.51%

PM growth 5Y-27.8%

GM growth 3Y-0.01%

GM growth 5Y-0.02%

F-Score3

Asset Turnover0.08

Health

		Industry Rank	Sector Rank
Debt/Equity	0.77
Debt/FCF	9.43
Debt/EBITDA	21
Cap/Depr	194.93%
Cap/Sales	1%
Interest Coverage	1.26
Cash Conversion	227.62%
Profit Quality	48.93%
Current Ratio	0.14
Quick Ratio	0.14
Altman-Z	0.77

F-Score3

WACC6.46%

ROIC/WACC0.23

Cap/Depr(3y)235.74%

Cap/Depr(5y)352.15%

Cap/Sales(3y)1.29%

Cap/Sales(5y)1.71%

Profit Quality(3y)52.58%

Profit Quality(5y)53.35%

High Growth Momentum

Growth

EPS 1Y (TTM)7.28%

EPS 3Y28.44%

EPS 5Y3.56%

EPS Q2Q%80.44%

EPS Next Y-56.41%

EPS Next 2Y-30.43%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)17.31%

Revenue growth 3Y20.7%

Revenue growth 5Y65.61%

Sales Q2Q%15.58%

Revenue Next Year15.14%

Revenue Next 2Y10.41%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-52.38%

EBIT growth 3Y-20.23%

EBIT growth 5Y34.27%

EBIT Next Year93.9%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y9.7%

FCF growth 3Y24.24%

FCF growth 5Y71.27%

OCF growth 1Y9.43%

OCF growth 3Y22.92%

OCF growth 5Y71.9%

FLAGSHIP COMMUNITIES REIT UT / MHC-UN.CA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) stock?

ChartMill assigns a fundamental rating of 4 / 10 to MHC-UN.CA.

What is the valuation status for MHC-UN stock?

ChartMill assigns a valuation rating of 5 / 10 to FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA). This can be considered as Fairly Valued.

What is the profitability of MHC-UN stock?

FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) has a profitability rating of 5 / 10.

Can you provide the financial health for MHC-UN stock?

The financial health rating of FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) is 3 / 10.

Is the dividend of FLAGSHIP COMMUNITIES REIT UT sustainable?

The dividend rating of FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) is 4 / 10 and the dividend payout ratio is 13.52%.