MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
TSX:MI-UN - Toronto Stock Exchange - CA60448E1034 - REIT - Currency: CAD
Overall MI-UN gets a fundamental rating of 5 out of 10. We evaluated MI-UN against 16 industry peers in the Residential REITs industry. MI-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. MI-UN may be a bit undervalued, certainly considering the very reasonable score on growth
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.
In the past 5 years MI-UN always reported a positive cash flow from operatings.
1.2 Ratios
MI-UN's Return On Assets of 3.77% is fine compared to the rest of the industry. MI-UN outperforms 75.00% of its industry peers.
MI-UN has a better Return On Equity (8.79%) than 81.25% of its industry peers.
The Return On Invested Capital of MI-UN (2.89%) is worse than 62.50% 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 3.31%.
The 3 year average ROIC (2.62%) for MI-UN is below the current ROIC(2.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.79% | ||
| ROIC | 2.89% |
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 62.57%, MI-UN is in the better half of the industry, outperforming 75.00% 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 63.69%. This is amongst the best in the industry. MI-UN outperforms 81.25% of its industry peers.
MI-UN's Operating Margin has been stable in the last couple of years.
MI-UN has a worse Gross Margin (63.69%) than 62.50% of its industry peers.
MI-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.69% | ||
| PM (TTM) | 62.57% | ||
| GM | 63.69% |
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.
Compared to 1 year ago, MI-UN has about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.58, we must say that MI-UN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.58, MI-UN is doing worse than 75.00% of the companies in the same industry.
MI-UN has a debt to FCF ratio of 9.49. This is a negative value and a sign of low solvency as MI-UN would need 9.49 years to pay back of all of its debts.
MI-UN has a Debt to FCF ratio of 9.49. This is in the better half of the industry: MI-UN outperforms 62.50% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that MI-UN is somewhat dependend on debt financing.
MI-UN's Debt to Equity ratio of 0.76 is in line compared to the rest of the industry. MI-UN outperforms 43.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 9.49 | ||
| Altman-Z | 0.58 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MI-UN has a Current Ratio of 0.08. 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.
With a Current ratio value of 0.08, MI-UN is not doing good in the industry: 81.25% of the companies in the same industry are doing better.
MI-UN has a Quick Ratio of 0.08. 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 (0.08) is worse than 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 191.20% over the past year.
Measured over the past years, MI-UN shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.76% on average per year.
The Revenue has decreased by -1.46% in the past year.
Measured over the past years, MI-UN shows a quite strong growth in Revenue. The Revenue has been growing by 8.51% on average per year.
EPS 1Y (TTM)191.2%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%186.54%
Revenue 1Y (TTM)-1.46%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-2.4%
3.2 Future
Based on estimates for the next years, MI-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 152.98% on average per year.
Based on estimates for the next years, MI-UN will show a small growth in Revenue. The Revenue will grow by 3.14% on average per year.
EPS Next Y510%
EPS Next 2Y152.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.16%
Revenue Next 2Y3.14%
Revenue Next 3YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 5.63, which indicates a rather cheap 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.
Compared to an average S&P500 Price/Earnings ratio of 26.31, MI-UN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 15.79, the valuation of MI-UN can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as MI-UN.
The average S&P500 Price/Forward Earnings ratio is at 22.13. MI-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.63 | ||
| Fwd PE | 15.79 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MI-UN is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.75 | ||
| 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.
MI-UN's earnings are expected to grow with 152.98% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)0.24
EPS Next 2Y152.98%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MI-UN has a Yearly Dividend Yield of 3.21%.
MI-UN's Dividend Yield is slightly below the industry average, which is at 4.37.
MI-UN's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| 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 39.32% of its income as dividend. This is a sustainable payout ratio.
The dividend of MI-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.32%
EPS Next 2Y152.98%
EPS Next 3YN/A
TSX:MI-UN (6/13/2025, 7:00:00 PM)
14.31
-0.22 (-1.51%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners28.71%
Inst Owner ChangeN/A
Ins Owners2.14%
Ins Owner ChangeN/A
Market Cap542.21M
Analysts78.89
Price Target15.96 (11.53%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.21% |
Yearly Dividend1.04
Dividend Growth(5Y)4.07%
DP39.32%
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)-7.12%
PT rev (3m)-14.83%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-14.58%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.63 | ||
| Fwd PE | 15.79 | ||
| P/S | 3.47 | ||
| P/FCF | 5.75 | ||
| P/OCF | 5.75 | ||
| P/B | 0.49 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY17.75%
EPS(NY)0.91
Fwd EY6.33%
FCF(TTM)2.49
FCFY17.4%
OCF(TTM)2.49
OCFY17.4%
SpS4.12
BVpS29.32
TBVpS29.32
PEG (NY)0.01
PEG (5Y)0.24
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 8.79% | ||
| ROCE | 4.01% | ||
| ROIC | 2.89% | ||
| ROICexc | 2.89% | ||
| ROICexgc | 2.89% | ||
| OM | 63.69% | ||
| PM (TTM) | 62.57% | ||
| GM | 63.69% | ||
| FCFM | 60.42% |
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 | 0.76 | ||
| Debt/FCF | 9.49 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.5 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 96.57% | ||
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 | ||
| Altman-Z | 0.58 |
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)191.2%
EPS 3Y-12.07%
EPS 5Y23.76%
EPS Q2Q%186.54%
EPS Next Y510%
EPS Next 2Y152.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.46%
Revenue growth 3Y8.34%
Revenue growth 5Y8.51%
Sales Q2Q%-2.4%
Revenue Next Year1.16%
Revenue Next 2Y3.14%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.41%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-0.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.97%
FCF growth 3Y9.95%
FCF growth 5Y12.24%
OCF growth 1Y9.97%
OCF growth 3Y9.95%
OCF growth 5Y12.24%