MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
TSX:MI-UN - Toronto Stock Exchange - CA60448E1034 - REIT - Currency: CAD
Taking everything into account, MI-UN scores 5 out of 10 in our fundamental rating. MI-UN was compared to 16 industry peers in the Residential REITs industry. There are concerns on the financial health of MI-UN while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on MI-UN.
1. Profitability
1.1 Basic Checks
In the past year MI-UN was profitable.
MI-UN had a positive operating cash flow in the past year.
Of the past 5 years MI-UN 4 years were profitable.
Each year in the past 5 years MI-UN had a positive operating cash flow.
1.2 Ratios
MI-UN has a better Return On Assets (3.77%) than 75.00% of its industry peers.
Looking at the Return On Equity, with a value of 8.79%, MI-UN belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.89%, MI-UN is doing worse than 62.50% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years 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.
In the last couple of years the Profit Margin of MI-UN has grown nicely.
MI-UN has a better Operating Margin (63.69%) than 81.25% of its industry peers.
In the last couple of years the Operating Margin of MI-UN has remained more or less at the same level.
Looking at the Gross Margin, with a value of 63.69%, 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 | 63.69% | ||
| 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
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
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.
MI-UN has a worse Altman-Z score (0.58) than 75.00% of its industry peers.
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.
With a decent Debt to FCF ratio value of 9.49, MI-UN is doing good in the industry, outperforming 62.50% of the companies in the same industry.
MI-UN has a Debt/Equity ratio of 0.76. This is a neutral value indicating MI-UN is somewhat dependend on debt financing.
MI-UN has a Debt to Equity ratio of 0.76. This is comparable 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.
MI-UN has a Quick ratio of 0.08. This is amonst the worse of the industry: MI-UN underperforms 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 |
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 191.20%, 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.
Looking at the last year, MI-UN shows a decrease in Revenue. The Revenue has decreased by -1.46% in the last year.
MI-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.51% yearly.
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
The Earnings Per Share is expected to grow by 152.98% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 3.14% on average over the next years.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
The Price/Earnings ratio is 5.66, 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.
MI-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.55.
A Price/Forward Earnings ratio of 15.85 indicates a correct valuation of MI-UN.
MI-UN's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.30, MI-UN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.66 | ||
| Fwd PE | 15.85 |
4.2 Price Multiples
68.75% 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 | 5.77 | ||
| 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.
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 152.98% in the coming years.
PEG (NY)0.01
PEG (5Y)0.24
EPS Next 2Y152.98%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.21%, MI-UN has a reasonable but not impressive dividend return.
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
39.32% of the earnings are spent on dividend by MI-UN. This is a low number and 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 (6/6/2025, 7:00:00 PM)
14.37
+0.01 (+0.07%)
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 Cap544.48M
Analysts78.89
Price Target15.96 (11.06%)
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 | 5.66 | ||
| Fwd PE | 15.85 | ||
| P/S | 3.49 | ||
| P/FCF | 5.77 | ||
| P/OCF | 5.77 | ||
| P/B | 0.49 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY17.68%
EPS(NY)0.91
Fwd EY6.31%
FCF(TTM)2.49
FCFY17.33%
OCF(TTM)2.49
OCFY17.33%
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%