MINTO APARTMENT REAL ESTATE (MI-UN.CA) Stock Fundamental Analysis
TSX:MI-UN - Toronto Stock Exchange - CA60448E1034 - REIT - Currency: CAD
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 may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year MI-UN was profitable.
In the past year MI-UN had a positive cash flow from operations.
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
MI-UN has a Return On Assets of 3.77%. This is in the better half of the industry: MI-UN outperforms 75.00% of its industry peers.
MI-UN has a Return On Equity of 8.79%. This is amongst the best in the industry. MI-UN outperforms 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.
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 last Return On Invested Capital (2.89%) for MI-UN is above the 3 year average (2.62%), which is a sign of increasing profitability.
| 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
MI-UN has a Profit Margin of 62.57%. This is in the better half of the industry: MI-UN outperforms 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 63.69%, MI-UN belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
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.
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
Compared to 1 year ago, MI-UN has less shares outstanding
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.
The Altman-Z score of MI-UN (0.58) is worse 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.
A Debt/Equity ratio of 0.76 indicates that 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.
Looking at the Current ratio, with a value of 0.08, MI-UN is doing worse than 81.25% of the companies in the same industry.
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 worse Quick ratio (0.08) 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.
The Earnings Per Share has been growing by 23.76% on average over the past years. This is a very strong growth
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
MI-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 152.98% yearly.
MI-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.14% yearly.
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.
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
A Price/Earnings ratio of 5.71 indicates a rather cheap valuation of MI-UN.
Compared to the rest of the industry, the Price/Earnings ratio of MI-UN indicates a rather cheap valuation: MI-UN is cheaper than 81.25% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MI-UN to the average of the S&P500 Index (26.55), we can say MI-UN is valued rather cheaply.
MI-UN is valuated correctly with a Price/Forward Earnings ratio of 16.00.
MI-UN's Price/Forward Earnings is on the same level as the industry average.
MI-UN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.71 | ||
| Fwd PE | 16 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MI-UN indicates a somewhat cheap valuation: MI-UN is cheaper than 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.82 | ||
| 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
MI-UN has a Yearly Dividend Yield of 3.21%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.37, MI-UN is paying slightly less dividend.
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.
MI-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.32%
EPS Next 2Y152.98%
EPS Next 3YN/A
TSX:MI-UN (6/11/2025, 7:00:00 PM)
14.5
-0.05 (-0.34%)
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 Cap549.40M
Analysts78.89
Price Target15.96 (10.07%)
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 | 5.71 | ||
| Fwd PE | 16 | ||
| P/S | 3.52 | ||
| P/FCF | 5.82 | ||
| P/OCF | 5.82 | ||
| P/B | 0.49 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY17.52%
EPS(NY)0.91
Fwd EY6.25%
FCF(TTM)2.49
FCFY17.17%
OCF(TTM)2.49
OCFY17.17%
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%