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. While MI-UN is still in line with the averages on profitability rating, there are concerns on its financial health. MI-UN scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
MI-UN had positive earnings in the past year.
MI-UN had a positive operating cash flow in the past year.
Of the past 5 years MI-UN 4 years were profitable.
MI-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.77%, MI-UN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
With an excellent Return On Equity value of 8.79%, MI-UN belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
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
The Profit Margin of MI-UN (62.57%) is better than 75.00% of its industry peers.
MI-UN's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 63.69%, 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 63.69%, MI-UN is doing worse than 62.50% of the companies in the same industry.
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
MI-UN has less shares outstanding than it did 1 year ago.
MI-UN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MI-UN has remained at the same level compared to a year ago.
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 Altman-Z score of 0.58. This is in the lower half of the industry: MI-UN underperforms 75.00% of its industry peers.
The Debt to FCF ratio of MI-UN is 9.49, which is on the high side as it means it would take MI-UN, 9.49 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.49, MI-UN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
A Debt/Equity ratio of 0.76 indicates that MI-UN is somewhat dependend on debt financing.
The Debt to Equity ratio of MI-UN (0.76) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 9.49 | ||
| Altman-Z | 0.58 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.08 indicates that MI-UN may have some problems paying its short term obligations.
MI-UN has a worse Current ratio (0.08) than 81.25% of its industry peers.
A Quick Ratio of 0.08 indicates that MI-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.08, MI-UN is doing worse than 81.25% of the companies in the same industry.
| 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.
MI-UN shows a decrease in Revenue. In the last year, the revenue decreased by -1.46%.
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
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.
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
Based on the Price/Earnings ratio of 5.72, the valuation of MI-UN can be described as very cheap.
Based on the Price/Earnings ratio, MI-UN is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
MI-UN is valuated cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 16.03, which indicates a correct valuation of MI-UN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MI-UN is on the same level as its industry peers.
MI-UN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.72 | ||
| Fwd PE | 16.03 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MI-UN is valued a bit cheaper than 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.84 | ||
| 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.
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
MI-UN has a Yearly Dividend Yield of 3.21%.
Compared to an average industry Dividend Yield of 4.37, MI-UN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.39, MI-UN pays a bit more dividend than the S&P500 average.
| 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.
MI-UN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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 (6/12/2025, 7:00:00 PM)
14.53
+0.03 (+0.21%)
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 Cap550.54M
Analysts78.89
Price Target15.96 (9.84%)
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 | 5.72 | ||
| Fwd PE | 16.03 | ||
| P/S | 3.53 | ||
| P/FCF | 5.84 | ||
| P/OCF | 5.84 | ||
| P/B | 0.5 | ||
| P/tB | 0.5 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY17.48%
EPS(NY)0.91
Fwd EY6.24%
FCF(TTM)2.49
FCFY17.14%
OCF(TTM)2.49
OCFY17.14%
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%