MORGUARD CORP (MRC.CA) Stock Fundamental Analysis
Canada - TSX:MRC - CA6175771014 - Common Stock
115.5 CAD
+0.39 (+0.34%)
MRC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 29 industry peers in the Real Estate Management & Development industry. There are concerns on the financial health of MRC while its profitability can be described as average. MRC has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year MRC was profitable.
In the past year MRC had a positive cash flow from operations.
MRC had positive earnings in 4 of the past 5 years.
MRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.61%, MRC is in line with its industry, outperforming 55.17% of the companies in the same industry.
The Return On Equity of MRC (4.40%) is comparable to the rest of the industry.
MRC's Return On Invested Capital of 3.79% is fine compared to the rest of the industry. MRC outperforms 62.07% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MRC is significantly below the industry average of 11.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 4.4% | ||
| ROIC | 3.79% |
ROA(3y)1.3%
ROA(5y)0.95%
ROE(3y)3.73%
ROE(5y)2.73%
ROIC(3y)4.01%
ROIC(5y)3.86%
1.3 Margins
The Profit Margin of MRC (16.79%) is better than 72.41% of its industry peers.
In the last couple of years the Profit Margin of MRC has grown nicely.
With an excellent Operating Margin value of 46.80%, MRC belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
In the last couple of years the Operating Margin of MRC has remained more or less at the same level.
With a decent Gross Margin value of 60.57%, MRC is doing good in the industry, outperforming 65.52% of the companies in the same industry.
In the last couple of years the Gross Margin of MRC has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 46.8% | ||
| PM (TTM) | 16.79% | ||
| GM | 60.57% |
OM growth 3Y1.2%
OM growth 5Y1.04%
PM growth 3Y-0.95%
PM growth 5Y3.76%
GM growth 3Y1.4%
GM growth 5Y-3.61%
2. Health
2.1 Basic Checks
The number of shares outstanding for MRC has been reduced compared to 1 year ago.
MRC has less shares outstanding than it did 5 years ago.
MRC has a better debt/assets ratio than last year.
2.2 Solvency
MRC has an Altman-Z score of 0.69. This is a bad value and indicates that MRC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.69, MRC is not doing good in the industry: 62.07% of the companies in the same industry are doing better.
The Debt to FCF ratio of MRC is 24.40, which is on the high side as it means it would take MRC, 24.40 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MRC (24.40) is comparable to the rest of the industry.
MRC has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
MRC has a worse Debt to Equity ratio (1.15) than 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 24.4 | ||
| Altman-Z | 0.69 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.20 indicates that MRC may have some problems paying its short term obligations.
The Current ratio of MRC (0.20) is worse than 86.21% of its industry peers.
A Quick Ratio of 0.20 indicates that MRC may have some problems paying its short term obligations.
With a Quick ratio value of 0.20, MRC is not doing good in the industry: 86.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 |
3. Growth
3.1 Past
MRC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.13%.
Measured over the past 5 years, MRC shows a small growth in Earnings Per Share. The EPS has been growing by 3.52% on average per year.
MRC shows a decrease in Revenue. In the last year, the revenue decreased by -4.72%.
Measured over the past years, MRC shows a decrease in Revenue. The Revenue has been decreasing by -1.13% on average per year.
EPS 1Y (TTM)-6.13%
EPS 3Y2.5%
EPS 5Y3.52%
EPS Q2Q%1.28%
Revenue 1Y (TTM)-4.72%
Revenue growth 3Y2.56%
Revenue growth 5Y-1.13%
Sales Q2Q%0.68%
3.2 Future
The Earnings Per Share is expected to decrease by -14.07% on average over the next years. This is quite bad
MRC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.68% yearly.
EPS Next Y-25.73%
EPS Next 2Y-25.44%
EPS Next 3Y-14.07%
EPS Next 5YN/A
Revenue Next Year0.81%
Revenue Next 2Y1.3%
Revenue Next 3Y1.68%
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 decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 6.54 indicates a rather cheap valuation of MRC.
Based on the Price/Earnings ratio, MRC is valued cheaply inside the industry as 86.21% of the companies are valued more expensively.
MRC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.29.
MRC is valuated reasonably with a Price/Forward Earnings ratio of 9.13.
Based on the Price/Forward Earnings ratio, MRC is valued cheaply inside the industry as 96.55% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.85, MRC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 9.13 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MRC is valued cheaply inside the industry as 93.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.15 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of MRC may justify a higher PE ratio.
MRC's earnings are expected to decrease with -14.07% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.86
EPS Next 2Y-25.44%
EPS Next 3Y-14.07%
5. Dividend
5.1 Amount
With a yearly dividend of 0.69%, MRC is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.40, MRC pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.69, MRC pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
5.2 History
The dividend of MRC has a limited annual growth rate of 1.26%.
MRC has been paying a dividend for at least 10 years, so it has a reliable track record.
MRC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.26%
Div Incr Years1
Div Non Decr Years21
5.3 Sustainability
MRC pays out 4.23% of its income as dividend. This is a sustainable payout ratio.
DP4.23%
EPS Next 2Y-25.44%
EPS Next 3Y-14.07%
TSX:MRC (10/16/2025, 7:00:00 PM)
115.5
+0.39 (+0.34%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners2.53%
Inst Owner ChangeN/A
Ins Owners63.19%
Ins Owner ChangeN/A
Market Cap1.24B
Analysts45.71
Price Target142.8 (23.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
Yearly Dividend0.65
Dividend Growth(5Y)1.26%
DP4.23%
Div Incr Years1
Div Non Decr Years21
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%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.01%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.54 | ||
| Fwd PE | 9.13 | ||
| P/S | 1.09 | ||
| P/FCF | 5.15 | ||
| P/OCF | 5.15 | ||
| P/B | 0.29 | ||
| P/tB | 0.29 | ||
| EV/EBITDA | N/A |
EPS(TTM)17.65
EY15.28%
EPS(NY)12.66
Fwd EY10.96%
FCF(TTM)22.44
FCFY19.43%
OCF(TTM)22.44
OCFY19.43%
SpS105.56
BVpS403.01
TBVpS399.87
PEG (NY)N/A
PEG (5Y)1.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.61% | ||
| ROE | 4.4% | ||
| ROCE | 5.13% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.85% | ||
| ROICexgc | 3.86% | ||
| OM | 46.8% | ||
| PM (TTM) | 16.79% | ||
| GM | 60.57% | ||
| FCFM | 21.26% |
ROA(3y)1.3%
ROA(5y)0.95%
ROE(3y)3.73%
ROE(5y)2.73%
ROIC(3y)4.01%
ROIC(5y)3.86%
ROICexc(3y)4.06%
ROICexc(5y)3.91%
ROICexgc(3y)4.1%
ROICexgc(5y)3.95%
ROCE(3y)5.39%
ROCE(5y)5.16%
ROICexcg growth 3Y2.48%
ROICexcg growth 5Y-0.24%
ROICexc growth 3Y2.56%
ROICexc growth 5Y-0.18%
OM growth 3Y1.2%
OM growth 5Y1.04%
PM growth 3Y-0.95%
PM growth 5Y3.76%
GM growth 3Y1.4%
GM growth 5Y-3.61%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 24.4 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.17 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 126.63% | ||
| Current Ratio | 0.2 | ||
| Quick Ratio | 0.2 | ||
| Altman-Z | 0.69 |
F-Score6
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)236.07%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.13%
EPS 3Y2.5%
EPS 5Y3.52%
EPS Q2Q%1.28%
EPS Next Y-25.73%
EPS Next 2Y-25.44%
EPS Next 3Y-14.07%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.72%
Revenue growth 3Y2.56%
Revenue growth 5Y-1.13%
Sales Q2Q%0.68%
Revenue Next Year0.81%
Revenue Next 2Y1.3%
Revenue Next 3Y1.68%
Revenue Next 5YN/A
EBIT growth 1Y-6.23%
EBIT growth 3Y3.79%
EBIT growth 5Y-0.1%
EBIT Next Year-4.5%
EBIT Next 3Y-0.19%
EBIT Next 5YN/A
FCF growth 1Y-17.43%
FCF growth 3Y-0.25%
FCF growth 5Y-1.38%
OCF growth 1Y-17.43%
OCF growth 3Y-0.25%
OCF growth 5Y-1.38%