MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MI-UN - CA60448E1034 - REIT
17.49 CAD
+0.01 (+0.06%)
Taking everything into account, MI-UN scores 5 out of 10 in our fundamental rating. MI-UN was compared to 15 industry peers in the Residential REITs industry. While MI-UN is still in line with the averages on profitability rating, there are concerns on its financial health. MI-UN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- MI-UN had positive earnings in the past year.
- In the past year MI-UN had a positive cash flow from operations.
- Of the past 5 years MI-UN 4 years were profitable.
- In the past 5 years MI-UN always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.87%, MI-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- The Return On Equity of MI-UN (7.22%) is better than 80.00% of its industry peers.
- The Return On Invested Capital of MI-UN (2.85%) is comparable to the rest of the industry.
- MI-UN had an Average Return On Invested Capital over the past 3 years of 2.62%. This is in line with the industry average of 2.87%.
- The last Return On Invested Capital (2.85%) for MI-UN is above the 3 year average (2.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.87% | ||
| ROE | 7.22% | ||
| ROIC | 2.85% |
ROA(3y)2.11%
ROA(5y)3.67%
ROE(3y)4.47%
ROE(5y)8.77%
ROIC(3y)2.62%
ROIC(5y)2.55%
1.3 Margins
- Looking at the Profit Margin, with a value of 48.69%, MI-UN is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
- MI-UN's Profit Margin has improved in the last couple of years.
- MI-UN has a Operating Margin of 63.34%. This is amongst the best in the industry. MI-UN outperforms 100.00% of its industry peers.
- MI-UN's Operating Margin has been stable in the last couple of years.
- The Gross Margin of MI-UN (63.34%) is worse than 66.67% of its industry peers.
- In the last couple of years the Gross Margin of MI-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.34% | ||
| PM (TTM) | 48.69% | ||
| GM | 63.34% |
OM growth 3Y1.23%
OM growth 5Y0.48%
PM growth 3Y-19.17%
PM growth 5Y16.06%
GM growth 3Y1.23%
GM growth 5Y0.48%
2. Health
2.1 Basic Checks
- The number of shares outstanding for MI-UN has been reduced compared to 1 year ago.
- The number of shares outstanding for MI-UN has been increased compared to 5 years ago.
- The debt/assets ratio for MI-UN has remained at the same level compared to a year ago.
2.2 Solvency
- MI-UN has an Altman-Z score of 0.55. This is a bad value and indicates that MI-UN is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 0.55, MI-UN perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
- MI-UN has a debt to FCF ratio of 10.07. This is a negative value and a sign of low solvency as MI-UN would need 10.07 years to pay back of all of its debts.
- MI-UN's Debt to FCF ratio of 10.07 is fine compared to the rest of the industry. MI-UN outperforms 73.33% of its industry peers.
- A Debt/Equity ratio of 0.86 indicates that MI-UN is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.86, MI-UN is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 10.07 | ||
| Altman-Z | 0.55 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- MI-UN has a Current Ratio of 0.07. This is a bad value and indicates that MI-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.07, MI-UN is doing worse than 73.33% of the companies in the same industry.
- A Quick Ratio of 0.07 indicates that MI-UN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.07, MI-UN is doing worse than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
- MI-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.72%, which is quite impressive.
- MI-UN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.76% yearly.
- The Revenue has decreased by -1.88% in the past year.
- The Revenue has been growing by 8.51% on average over the past years. This is quite good.
EPS 1Y (TTM)172.72%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%21.35%
Revenue 1Y (TTM)-1.88%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.92%
3.2 Future
- The Earnings Per Share is expected to grow by 70.43% on average over the next years. This is a very strong growth
- The Revenue is expected to grow by 2.67% on average over the next years.
EPS Next Y50%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
EPS Next 5YN/A
Revenue Next Year-1.51%
Revenue Next 2Y2.15%
Revenue Next 3Y2.67%
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. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.11 indicates a reasonable valuation of MI-UN.
- Compared to the rest of the industry, the Price/Earnings ratio of MI-UN indicates a somewhat cheap valuation: MI-UN is cheaper than 73.33% of the companies listed in the same industry.
- MI-UN is valuated cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 29.79, the valuation of MI-UN can be described as expensive.
- 60.00% of the companies in the same industry are cheaper than MI-UN, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 25.83. MI-UN is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.11 | ||
| Fwd PE | 29.79 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, MI-UN is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.52 | ||
| EV/EBITDA | N/A |
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.
- The decent profitability rating of MI-UN may justify a higher PE ratio.
- A more expensive valuation may be justified as MI-UN's earnings are expected to grow with 70.43% in the coming years.
PEG (NY)0.18
PEG (5Y)0.38
EPS Next 2Y120.23%
EPS Next 3Y70.43%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.21%, MI-UN has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 4.85, MI-UN is paying slightly less dividend.
- MI-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
5.2 History
- The dividend of MI-UN has a limited annual growth rate of 4.07%.
- MI-UN has been paying a dividend for over 5 years, so it has already some track record.
- As MI-UN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)4.07%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- 52.85% of the earnings are spent on dividend by MI-UN. This is a bit on the high side, but may be sustainable.
- The dividend of MI-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP52.85%
EPS Next 2Y120.23%
EPS Next 3Y70.43%
MINTO APARTMENT REAL ESTATE / MI-UN.CA FAQ
What is the fundamental rating for MI-UN stock?
ChartMill assigns a fundamental rating of 5 / 10 to MI-UN.CA.
What is the valuation status for MI-UN stock?
ChartMill assigns a valuation rating of 6 / 10 to MINTO APARTMENT REAL ESTATE (MI-UN.CA). This can be considered as Fairly Valued.
What is the profitability of MI-UN stock?
MINTO APARTMENT REAL ESTATE (MI-UN.CA) has a profitability rating of 6 / 10.
What is the financial health of MINTO APARTMENT REAL ESTATE (MI-UN.CA) stock?
The financial health rating of MINTO APARTMENT REAL ESTATE (MI-UN.CA) is 2 / 10.
Can you provide the dividend sustainability for MI-UN stock?
The dividend rating of MINTO APARTMENT REAL ESTATE (MI-UN.CA) is 5 / 10 and the dividend payout ratio is 52.85%.