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

TSX:MHC-UN • CA33843T1084

Current stock price

26.48 CAD
-0.4 (-1.49%)
Last:

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

5

1. MHC-UN.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MHC-UN was profitable.
  • MHC-UN had a positive operating cash flow in the past year.
  • 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.
MHC-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFMHC-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

  • MHC-UN has a Return On Assets of 7.71%. This is amongst the best in the industry. MHC-UN outperforms 86.67% of its industry peers.
  • The Return On Equity of MHC-UN (14.74%) is better than 86.67% of its industry peers.
  • The Return On Invested Capital of MHC-UN (1.89%) is worse than 86.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MHC-UN is in line with the industry average of 3.17%.
Industry RankSector Rank
ROA 7.71%
ROE 14.74%
ROIC 1.89%
ROA(3y)7.29%
ROA(5y)8.23%
ROE(3y)14.85%
ROE(5y)19.09%
ROIC(3y)3.82%
ROIC(5y)N/A
MHC-UN.CA Yearly ROA, ROE, ROICMHC-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • MHC-UN has a better Profit Margin (95.58%) than 86.67% of its industry peers.
  • MHC-UN's Profit Margin has declined in the last couple of years.
  • MHC-UN's Operating Margin of 29.08% is on the low side compared to the rest of the industry. MHC-UN is outperformed by 66.67% of its industry peers.
  • With a Gross Margin value of 66.19%, MHC-UN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MHC-UN has remained more or less at the same level.
Industry RankSector Rank
OM 29.08%
PM (TTM) 95.58%
GM 66.19%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.53%
PM growth 5YN/A
GM growth 3Y-0.11%
GM growth 5YN/A
MHC-UN.CA Yearly Profit, Operating, Gross MarginsMHC-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 100 200 300 400 500

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. MHC-UN.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MHC-UN is destroying value.
  • Compared to 1 year ago, MHC-UN has more shares outstanding
  • MHC-UN has a better debt/assets ratio than last year.
MHC-UN.CA Yearly Shares OutstandingMHC-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 5M 10M 15M
MHC-UN.CA Yearly Total Debt VS Total AssetsMHC-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • MHC-UN has an Altman-Z score of 0.82. This is a bad value and indicates that MHC-UN is not financially healthy and even has some risk of bankruptcy.
  • MHC-UN has a Altman-Z score of 0.82. This is in the better half of the industry: MHC-UN outperforms 66.67% of its industry peers.
  • MHC-UN has a debt to FCF ratio of 8.01. This is a slightly negative value and a sign of low solvency as MHC-UN would need 8.01 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.01, MHC-UN belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.70 indicates that MHC-UN is somewhat dependend on debt financing.
  • MHC-UN has a Debt to Equity ratio (0.70) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 8.01
Altman-Z 0.82
ROIC/WACC0.3
WACC6.32%
MHC-UN.CA Yearly LT Debt VS Equity VS FCFMHC-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.3 Liquidity

  • A Current Ratio of 0.15 indicates that MHC-UN may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.15, MHC-UN is in line with its industry, outperforming 46.67% of the companies in the same industry.
  • MHC-UN has a Quick Ratio of 0.15. 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 Quick ratio (0.15) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.15
Quick Ratio 0.15
MHC-UN.CA Yearly Current Assets VS Current LiabilitesMHC-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. MHC-UN.CA Growth Analysis

3.1 Past

  • MHC-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.95%, which is quite good.
  • Measured over the past 5 years, MHC-UN shows a small growth in Earnings Per Share. The EPS has been growing by 3.54% on average per year.
  • The Revenue has grown by 19.90% in the past year. This is quite good.
  • The Revenue has been growing by 26.95% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)18.95%
EPS 3Y3.54%
EPS 5YN/A
EPS Q2Q%2.96%
Revenue 1Y (TTM)19.9%
Revenue growth 3Y26.95%
Revenue growth 5YN/A
Sales Q2Q%12.31%

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 -24.94% yearly.
  • MHC-UN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.93% yearly.
EPS Next Y-12.61%
EPS Next 2Y-38.28%
EPS Next 3Y-24.94%
EPS Next 5YN/A
Revenue Next Year18.05%
Revenue Next 2Y14.74%
Revenue Next 3Y10.93%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
MHC-UN.CA Yearly Revenue VS EstimatesMHC-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
MHC-UN.CA Yearly EPS VS EstimatesMHC-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 1 2 3

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5

4. MHC-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 5.10 indicates a rather cheap valuation of MHC-UN.
  • 86.67% of the companies in the same industry are more expensive than MHC-UN, based on the Price/Earnings ratio.
  • MHC-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.96.
  • With a Price/Forward Earnings ratio of 13.82, MHC-UN is valued correctly.
  • MHC-UN's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, MHC-UN is valued a bit cheaper.
Industry RankSector Rank
PE 5.1
Fwd PE 13.82
MHC-UN.CA Price Earnings VS Forward Price EarningsMHC-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as MHC-UN.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MHC-UN indicates a somewhat cheap valuation: MHC-UN is cheaper than 73.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.62
EV/EBITDA 27.61
MHC-UN.CA Per share dataMHC-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • A cheap valuation may be justified as MHC-UN's earnings are expected to decrease with -24.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-38.28%
EPS Next 3Y-24.94%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. MHC-UN.CA Dividend Analysis

5.1 Amount

  • MHC-UN has a Yearly Dividend Yield of 3.00%.
  • MHC-UN's Dividend Yield is slightly below the industry average, which is at 4.83.
  • MHC-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 3%

5.2 History

  • MHC-UN has been paying a dividend for over 5 years, so it has already some track record.
  • MHC-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
MHC-UN.CA Yearly Dividends per shareMHC-UN.CA Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • MHC-UN pays out 16.20% of its income as dividend. This is a sustainable payout ratio.
DP16.2%
EPS Next 2Y-38.28%
EPS Next 3Y-24.94%
MHC-UN.CA Yearly Income VS Free CF VS DividendMHC-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
MHC-UN.CA Dividend Payout.MHC-UN.CA Dividend Payout, showing the Payout Ratio.MHC-UN.CA Dividend Payout.PayoutRetained Earnings

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

FLAGSHIP COMMUNITIES REIT UT

TSX:MHC-UN (3/16/2026, 7:00:00 PM)

26.48

-0.4 (-1.49%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)03-09
Earnings (Next)05-11
Inst Owners42.86%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap513.71M
Revenue(TTM)99.69M
Net Income(TTM)95.27M
Analysts83.53
Price Target32.84 (24.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3%
Yearly Dividend1.11
Dividend Growth(5Y)N/A
DP16.2%
Div Incr Years4
Div Non Decr Years4
Ex-Date02-27
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)0.44%
PT rev (3m)-0.82%
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)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 5.1
Fwd PE 13.82
P/S 3.77
P/FCF 6.62
P/OCF 6.55
P/B 0.58
P/tB 0.58
EV/EBITDA 27.61
EPS(TTM)5.19
EY19.6%
EPS(NY)1.92
Fwd EY7.24%
FCF(TTM)4
FCFY15.1%
OCF(TTM)4.04
OCFY15.27%
SpS7.03
BVpS45.58
TBVpS45.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number72.96
Profitability
Industry RankSector Rank
ROA 7.71%
ROE 14.74%
ROCE 2.63%
ROIC 1.89%
ROICexc 1.91%
ROICexgc 1.91%
OM 29.08%
PM (TTM) 95.58%
GM 66.19%
FCFM 56.87%
ROA(3y)7.29%
ROA(5y)8.23%
ROE(3y)14.85%
ROE(5y)19.09%
ROIC(3y)3.82%
ROIC(5y)N/A
ROICexc(3y)3.88%
ROICexc(5y)N/A
ROICexgc(3y)3.88%
ROICexgc(5y)N/A
ROCE(3y)5.36%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.53%
PM growth 5YN/A
GM growth 3Y-0.11%
GM growth 5YN/A
F-Score7
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 8.01
Debt/EBITDA 15.37
Cap/Depr 124.42%
Cap/Sales 0.64%
Interest Coverage 1.45
Cash Conversion 194.29%
Profit Quality 59.5%
Current Ratio 0.15
Quick Ratio 0.15
Altman-Z 0.82
F-Score7
WACC6.32%
ROIC/WACC0.3
Cap/Depr(3y)345.48%
Cap/Depr(5y)313.17%
Cap/Sales(3y)1.81%
Cap/Sales(5y)1.51%
Profit Quality(3y)59.32%
Profit Quality(5y)45.19%
High Growth Momentum
Growth
EPS 1Y (TTM)18.95%
EPS 3Y3.54%
EPS 5YN/A
EPS Q2Q%2.96%
EPS Next Y-12.61%
EPS Next 2Y-38.28%
EPS Next 3Y-24.94%
EPS Next 5YN/A
Revenue 1Y (TTM)19.9%
Revenue growth 3Y26.95%
Revenue growth 5YN/A
Sales Q2Q%12.31%
Revenue Next Year18.05%
Revenue Next 2Y14.74%
Revenue Next 3Y10.93%
Revenue Next 5YN/A
EBIT growth 1Y-32.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year13.76%
EBIT Next 3Y11.34%
EBIT Next 5YN/A
FCF growth 1Y61.93%
FCF growth 3Y29.2%
FCF growth 5YN/A
OCF growth 1Y58.69%
OCF growth 3Y28.5%
OCF growth 5YN/A

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 5 / 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.


How profitable is FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) stock?

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


What is the valuation of FLAGSHIP COMMUNITIES REIT UT based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) is 5.1 and the Price/Book (PB) ratio is 0.58.


How sustainable is the dividend of FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) stock?

The dividend rating of FLAGSHIP COMMUNITIES REIT UT (MHC-UN.CA) is 4 / 10 and the dividend payout ratio is 16.2%.