MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
TSX:MI-UN - CA60448E1034 - REIT
13.57 CAD
+0.01 (+0.07%)
Taking everything into account, MI-UN scores 5 out of 10 in our fundamental rating. MI-UN was compared to 17 industry peers in the Residential REITs industry. MI-UN scores excellent on profitability, but there are concerns on its financial health. MI-UN is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
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 (2.45%) than 76.47% of its industry peers.
MI-UN has a Return On Equity of 5.89%. This is in the better half of the industry: MI-UN outperforms 76.47% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.90%, MI-UN is in line with its industry, outperforming 52.94% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MI-UN is in line with the industry average of 2.80%.
The last Return On Invested Capital (2.90%) for MI-UN is above the 3 year average (2.62%), which is a sign of increasing profitability.
| 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 Profit Margin of 40.98%. This is in the better half of the industry: MI-UN outperforms 76.47% of its industry peers.
MI-UN's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 63.55%, MI-UN belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
MI-UN's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 63.55%, MI-UN perfoms like the industry average, outperforming 41.18% 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
MI-UN has less shares outstanding than it did 1 year ago.
The number of shares outstanding for MI-UN has been increased compared to 5 years ago.
MI-UN has about the same debt/assets ratio as last year.
2.2 Solvency
Based on the Altman-Z score of 0.54, we must say that MI-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.54, MI-UN is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
The Debt to FCF ratio of MI-UN is 9.79, which is on the high side as it means it would take MI-UN, 9.79 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 9.79, MI-UN perfoms like the industry average, outperforming 58.82% 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
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.
The Current ratio of MI-UN (0.07) is worse than 88.24% of its industry peers.
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.
MI-UN's Quick ratio of 0.07 is on the low side compared to the rest of the industry. MI-UN is outperformed by 88.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.07 | ||
| Quick Ratio | 0.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 290.43% over the past year.
MI-UN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.76% yearly.
MI-UN shows a decrease in Revenue. In the last year, the revenue decreased by -1.40%.
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)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
MI-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 78.63% yearly.
MI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.39% yearly.
EPS Next Y390%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
EPS Next 5YN/A
Revenue Next Year-1.79%
Revenue Next 2Y2.03%
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
Based on the Price/Earnings ratio of 8.03, the valuation of MI-UN can be described as reasonable.
Based on the Price/Earnings ratio, MI-UN is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
MI-UN is valuated cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.09, the valuation of MI-UN can be described as rather expensive.
MI-UN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.76. MI-UN is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.03 | ||
| Fwd PE | 19.09 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MI-UN is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.33 | ||
| 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 slightly below the industry average, which is at 4.64.
Compared to an average S&P500 Dividend Yield of 2.32, 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.
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
59.93% of the earnings are spent on dividend by MI-UN. This is a bit on the high side, but may be sustainable.
MI-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.93%
EPS Next 2Y133.45%
EPS Next 3Y78.63%
TSX:MI-UN (8/29/2025, 7:00:00 PM)
13.57
+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 Owners28.76%
Inst Owner ChangeN/A
Ins Owners2.27%
Ins Owner ChangeN/A
Market Cap500.60M
Analysts78.89
Price Target16.12 (18.79%)
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)0.96%
PT rev (3m)-6.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-29.27%
EPS NY rev (3m)-29.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.94%
Revenue NY rev (3m)-2.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.03 | ||
| Fwd PE | 19.09 | ||
| P/S | 3.21 | ||
| P/FCF | 5.33 | ||
| P/OCF | 5.33 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.69
EY12.45%
EPS(NY)0.71
Fwd EY5.24%
FCF(TTM)2.55
FCFY18.76%
OCF(TTM)2.55
OCFY18.76%
SpS4.22
BVpS29.39
TBVpS29.39
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-1.79%
Revenue Next 2Y2.03%
Revenue Next 3Y2.39%
Revenue Next 5YN/A
EBIT growth 1Y-2.2%
EBIT growth 3Y9.67%
EBIT growth 5Y9.02%
EBIT Next Year-0.98%
EBIT Next 3Y0.12%
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%