MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
Canada - TSX:MI-UN - CA60448E1034 - REIT
13.69 CAD
-0.21 (-1.51%)
MI-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 MI-UN is still in line with the averages on profitability rating, there are concerns on its financial health. MI-UN has a correct valuation and a medium 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.
MI-UN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MI-UN had a positive operating cash flow.
1.2 Ratios
MI-UN's Return On Assets of 2.45% is fine compared to the rest of the industry. MI-UN outperforms 75.00% of its industry peers.
The Return On Equity of MI-UN (5.89%) is better than 75.00% of its industry peers.
MI-UN has a Return On Invested Capital of 2.90%. This is comparable to the rest of the industry: MI-UN outperforms 50.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MI-UN is in line with the industry average of 2.99%.
The 3 year average ROIC (2.62%) for MI-UN is below the current ROIC(2.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 5.89% | ||
| ROIC | 2.9% |
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
MI-UN has a better Profit Margin (40.98%) than 75.00% of its industry peers.
In the last couple of years the Profit Margin of MI-UN has grown nicely.
With an excellent Operating Margin value of 63.55%, MI-UN belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
MI-UN's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 63.55%, MI-UN is doing worse than 62.50% of the companies in the same industry.
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 | 63.55% | ||
| PM (TTM) | 40.98% | ||
| GM | 63.55% |
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
Compared to 1 year ago, MI-UN has less shares outstanding
Compared to 5 years ago, MI-UN has more shares outstanding
Compared to 1 year ago, MI-UN has about the same debt to assets ratio.
2.2 Solvency
MI-UN has an Altman-Z score of 0.54. This is a bad value and indicates that MI-UN is not financially healthy and even has some risk of bankruptcy.
MI-UN has a Altman-Z score of 0.54. This is in the lower half of the industry: MI-UN underperforms 75.00% of its industry peers.
MI-UN has a debt to FCF ratio of 9.79. This is a negative value and a sign of low solvency as MI-UN would need 9.79 years to pay back of all of its debts.
With a Debt to FCF ratio value of 9.79, MI-UN perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
MI-UN has a Debt/Equity ratio of 0.77. This is a neutral value indicating MI-UN is somewhat dependend on debt financing.
The Debt to Equity ratio of MI-UN (0.77) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 9.79 | ||
| Altman-Z | 0.54 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.07 indicates that MI-UN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.07, MI-UN is doing worse than 87.50% of the companies in the same industry.
MI-UN has a Quick 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.
The Quick ratio of MI-UN (0.07) is worse than 87.50% of its industry peers.
| 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 290.43%, 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 -1.40% 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)290.43%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%-103.6%
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.07%
3.2 Future
The Earnings Per Share is expected to grow by 78.63% on average over the next years. This is a very strong growth
Based on estimates for the next years, MI-UN will show a small growth in Revenue. The Revenue will grow by 2.39% on average per year.
EPS Next Y390%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
EPS Next 5YN/A
Revenue Next Year-1.69%
Revenue Next 2Y1.96%
Revenue Next 3Y2.39%
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 8.10 indicates a reasonable valuation of MI-UN.
Based on the Price/Earnings ratio, MI-UN is valued cheaper than 81.25% of the companies in the same industry.
When comparing the Price/Earnings ratio of MI-UN to the average of the S&P500 Index (27.29), we can say MI-UN is valued rather cheaply.
A Price/Forward Earnings ratio of 19.26 indicates a rather expensive valuation of MI-UN.
Based on the Price/Forward Earnings ratio, MI-UN is valued a bit more expensive than the industry average as 68.75% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.85, MI-UN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.1 | ||
| Fwd PE | 19.26 |
4.2 Price Multiples
81.25% of the companies in the same industry are more expensive than MI-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.34 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MI-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MI-UN has a very decent profitability rating, which may justify a higher PE ratio.
MI-UN's earnings are expected to grow with 78.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.02
PEG (5Y)0.34
EPS Next 2Y133.45%
EPS Next 3Y78.63%
5. Dividend
5.1 Amount
MI-UN has a Yearly Dividend Yield of 3.21%.
MI-UN's Dividend Yield is comparable with the industry average which is at 4.34.
MI-UN's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| 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
MI-UN pays out 59.93% of its income as dividend. 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.
DP59.93%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
TSX:MI-UN (10/16/2025, 7:00:00 PM)
13.69
-0.21 (-1.51%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners27.77%
Inst Owner ChangeN/A
Ins Owners2.34%
Ins Owner ChangeN/A
Market Cap501.46M
Analysts77.78
Price Target16.12 (17.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend1.04
Dividend Growth(5Y)4.07%
DP59.93%
Div Incr Years6
Div Non Decr Years6
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%
PT rev (3m)0.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-29.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.1 | ||
| Fwd PE | 19.26 | ||
| P/S | 3.22 | ||
| P/FCF | 5.34 | ||
| P/OCF | 5.34 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.69
EY12.34%
EPS(NY)0.71
Fwd EY5.19%
FCF(TTM)2.56
FCFY18.72%
OCF(TTM)2.56
OCFY18.72%
SpS4.25
BVpS29.6
TBVpS29.6
PEG (NY)0.02
PEG (5Y)0.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 5.89% | ||
| ROCE | 4.03% | ||
| ROIC | 2.9% | ||
| ROICexc | 2.91% | ||
| ROICexgc | 2.91% | ||
| OM | 63.55% | ||
| PM (TTM) | 40.98% | ||
| GM | 63.55% | ||
| FCFM | 60.29% |
ROA(3y)2.11%
ROA(5y)3.67%
ROE(3y)4.47%
ROE(5y)8.77%
ROIC(3y)2.62%
ROIC(5y)2.55%
ROICexc(3y)2.62%
ROICexc(5y)2.55%
ROICexgc(3y)2.62%
ROICexgc(5y)2.55%
ROCE(3y)3.63%
ROCE(5y)3.54%
ROICexcg growth 3Y7.04%
ROICexcg growth 5Y3.8%
ROICexc growth 3Y7.04%
ROICexc growth 5Y3.8%
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%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 9.79 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.49 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 147.13% | ||
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 | ||
| Altman-Z | 0.54 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)290.43%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%-103.6%
EPS Next Y390%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.4%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-1.07%
Revenue Next Year-1.69%
Revenue Next 2Y1.96%
Revenue Next 3Y2.39%
Revenue Next 5YN/A
EBIT growth 1Y-2.2%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-3.52%
EBIT Next 3Y-8.11%
EBIT Next 5YN/A
FCF growth 1Y3.19%
FCF growth 3Y9.95%
FCF growth 5Y12.24%
OCF growth 1Y3.19%
OCF growth 3Y9.95%
OCF growth 5Y12.24%