MORGUARD NORTH AMERICAN (MRG-DB-B.CA) Fundamental Analysis & Valuation

TSX:MRG-DB-B • CA61761EAC45

Current stock price

101.5 CAD
-0.85 (-0.83%)
Last:

This MRG-DB-B.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. MRG-DB-B.CA Profitability Analysis

1.1 Basic Checks

  • MRG-DB-B had positive earnings in the past year.
  • In the past year MRG-DB-B had a positive cash flow from operations.
  • Each year in the past 5 years MRG-DB-B has been profitable.
  • MRG-DB-B had a positive operating cash flow in each of the past 5 years.
MRG-DB-B.CA Yearly Net Income VS EBIT VS OCF VS FCFMRG-DB-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

1.2 Ratios

  • MRG-DB-B has a Return On Assets of 2.27%. This is in the better half of the industry: MRG-DB-B outperforms 75.00% of its industry peers.
  • MRG-DB-B's Return On Equity of 5.16% is fine compared to the rest of the industry. MRG-DB-B outperforms 68.75% of its industry peers.
  • The Return On Invested Capital of MRG-DB-B (3.19%) is better than 75.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MRG-DB-B is in line with the industry average of 2.54%.
Industry RankSector Rank
ROA 2.27%
ROE 5.16%
ROIC 3.19%
ROA(3y)2.93%
ROA(5y)4.27%
ROE(3y)6.59%
ROE(5y)9.72%
ROIC(3y)3.2%
ROIC(5y)3.07%
MRG-DB-B.CA Yearly ROA, ROE, ROICMRG-DB-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 29.03%, MRG-DB-B is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MRG-DB-B has declined.
  • MRG-DB-B's Operating Margin of 53.50% is fine compared to the rest of the industry. MRG-DB-B outperforms 62.50% of its industry peers.
  • In the last couple of years the Operating Margin of MRG-DB-B has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 59.85%, MRG-DB-B is doing worse than 81.25% of the companies in the same industry.
  • MRG-DB-B's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 53.5%
PM (TTM) 29.03%
GM 59.85%
OM growth 3Y-0.49%
OM growth 5Y-0.36%
PM growth 3Y-28.29%
PM growth 5Y-16.25%
GM growth 3Y-0.88%
GM growth 5Y-0.57%
MRG-DB-B.CA Yearly Profit, Operating, Gross MarginsMRG-DB-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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3

2. MRG-DB-B.CA Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, MRG-DB-B has less shares outstanding
  • The number of shares outstanding for MRG-DB-B has been reduced compared to 5 years ago.
  • MRG-DB-B has a better debt/assets ratio than last year.
MRG-DB-B.CA Yearly Shares OutstandingMRG-DB-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
MRG-DB-B.CA Yearly Total Debt VS Total AssetsMRG-DB-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.45, we must say that MRG-DB-B is in the distress zone and has some risk of bankruptcy.
  • MRG-DB-B has a Altman-Z score of 1.45. This is amongst the best in the industry. MRG-DB-B outperforms 100.00% of its industry peers.
  • MRG-DB-B has a debt to FCF ratio of 20.18. This is a negative value and a sign of low solvency as MRG-DB-B would need 20.18 years to pay back of all of its debts.
  • The Debt to FCF ratio of MRG-DB-B (20.18) is worse than 62.50% of its industry peers.
  • MRG-DB-B has a Debt/Equity ratio of 0.79. This is a neutral value indicating MRG-DB-B is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.79, MRG-DB-B is in line with its industry, outperforming 43.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 20.18
Altman-Z 1.45
ROIC/WACCN/A
WACCN/A
MRG-DB-B.CA Yearly LT Debt VS Equity VS FCFMRG-DB-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 0.59 indicates that MRG-DB-B may have some problems paying its short term obligations.
  • With a decent Current ratio value of 0.59, MRG-DB-B is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • A Quick Ratio of 0.59 indicates that MRG-DB-B may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.59, MRG-DB-B is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.59
MRG-DB-B.CA Yearly Current Assets VS Current LiabilitesMRG-DB-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. MRG-DB-B.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.09% over the past year.
  • Measured over the past years, MRG-DB-B shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.34% on average per year.
  • Looking at the last year, MRG-DB-B shows a small growth in Revenue. The Revenue has grown by 3.04% in the last year.
  • The Revenue has been growing slightly by 7.36% on average over the past years.
EPS 1Y (TTM)5.09%
EPS 3Y-19.69%
EPS 5Y-8.34%
EPS Q2Q%-41.12%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y8.39%
Revenue growth 5Y7.36%
Sales Q2Q%0.32%

3.2 Future

  • MRG-DB-B is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -11.92% yearly.
  • Based on estimates for the next years, MRG-DB-B will show a small growth in Revenue. The Revenue will grow by 2.03% on average per year.
EPS Next Y-25.86%
EPS Next 2Y-11.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.89%
Revenue Next 2Y2.03%
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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MRG-DB-B.CA Yearly Revenue VS EstimatesMRG-DB-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
MRG-DB-B.CA Yearly EPS VS EstimatesMRG-DB-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

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1

4. MRG-DB-B.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 54.28, which means the current valuation is very expensive for MRG-DB-B.
  • Compared to the rest of the industry, the Price/Earnings ratio of MRG-DB-B is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.89, MRG-DB-B is valued quite expensively.
  • A Price/Forward Earnings ratio of 58.43 indicates a quite expensive valuation of MRG-DB-B.
  • MRG-DB-B's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MRG-DB-B is more expensive than 75.00% of the companies in the same industry.
  • MRG-DB-B is valuated expensively when we compare the Price/Forward Earnings ratio to 38.50, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 54.28
Fwd PE 58.43
MRG-DB-B.CA Price Earnings VS Forward Price EarningsMRG-DB-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 93.75% of the companies in the same industry are cheaper than MRG-DB-B, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 40.41
EV/EBITDA N/A
MRG-DB-B.CA Per share dataMRG-DB-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The decent profitability rating of MRG-DB-B may justify a higher PE ratio.
  • MRG-DB-B's earnings are expected to decrease with -11.92% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-11.92%
EPS Next 3YN/A

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5

5. MRG-DB-B.CA Dividend Analysis

5.1 Amount

  • MRG-DB-B has a Yearly Dividend Yield of 4.17%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.12, MRG-DB-B has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MRG-DB-B pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.17%

5.2 History

  • The dividend of MRG-DB-B has a limited annual growth rate of 0.98%.
  • MRG-DB-B is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)0.98%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 25.56% of the earnings are spent on dividend by MRG-DB-B. This is a low number and sustainable payout ratio.
DP25.56%
EPS Next 2Y-11.92%
EPS Next 3YN/A
MRG-DB-B.CA Yearly Income VS Free CF VS DividendMRG-DB-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
MRG-DB-B.CA Dividend Payout.MRG-DB-B.CA Dividend Payout, showing the Payout Ratio.MRG-DB-B.CA Dividend Payout.PayoutRetained Earnings

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MRG-DB-B.CA Fundamentals: All Metrics, Ratios and Statistics

MORGUARD NORTH AMERICAN

TSX:MRG-DB-B (4/14/2026, 7:00:00 PM)

101.5

-0.85 (-0.83%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners3.51%
Inst Owner ChangeN/A
Ins Owners4.54%
Ins Owner ChangeN/A
Market Cap3.55B
Revenue(TTM)354.65M
Net Income(TTM)102.97M
Analysts77.5
Price Target122.53 (20.72%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend0.5
Dividend Growth(5Y)0.98%
DP25.56%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-7.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.62%
Valuation
Industry RankSector Rank
PE 54.28
Fwd PE 58.43
P/S 10
P/FCF 40.41
P/OCF 40.41
P/B 1.78
P/tB 1.78
EV/EBITDA N/A
EPS(TTM)1.87
EY1.84%
EPS(NY)1.74
Fwd EY1.71%
FCF(TTM)2.51
FCFY2.47%
OCF(TTM)2.51
OCFY2.47%
SpS10.15
BVpS57.09
TBVpS57.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number49.009 (-51.72%)
Profitability
Industry RankSector Rank
ROA 2.27%
ROE 5.16%
ROCE 4.43%
ROIC 3.19%
ROICexc 3.28%
ROICexgc 3.28%
OM 53.5%
PM (TTM) 29.03%
GM 59.85%
FCFM 24.75%
ROA(3y)2.93%
ROA(5y)4.27%
ROE(3y)6.59%
ROE(5y)9.72%
ROIC(3y)3.2%
ROIC(5y)3.07%
ROICexc(3y)3.24%
ROICexc(5y)3.11%
ROICexgc(3y)3.24%
ROICexgc(5y)3.11%
ROCE(3y)4.44%
ROCE(5y)4.27%
ROICexgc growth 3Y3.17%
ROICexgc growth 5Y-0.46%
ROICexc growth 3Y3.17%
ROICexc growth 5Y-0.46%
OM growth 3Y-0.49%
OM growth 5Y-0.36%
PM growth 3Y-28.29%
PM growth 5Y-16.25%
GM growth 3Y-0.88%
GM growth 5Y-0.57%
F-Score7
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 20.18
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.62
Cash Conversion N/A
Profit Quality 85.23%
Current Ratio 0.59
Quick Ratio 0.59
Altman-Z 1.45
F-Score7
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)73.42%
Profit Quality(5y)56.17%
High Growth Momentum
Growth
EPS 1Y (TTM)5.09%
EPS 3Y-19.69%
EPS 5Y-8.34%
EPS Q2Q%-41.12%
EPS Next Y-25.86%
EPS Next 2Y-11.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.04%
Revenue growth 3Y8.39%
Revenue growth 5Y7.36%
Sales Q2Q%0.32%
Revenue Next Year0.89%
Revenue Next 2Y2.03%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.58%
EBIT growth 3Y7.86%
EBIT growth 5Y6.96%
EBIT Next Year-11.29%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1.88%
FCF growth 3Y5.3%
FCF growth 5Y14.71%
OCF growth 1Y1.88%
OCF growth 3Y5.3%
OCF growth 5Y11.85%

MORGUARD NORTH AMERICAN / MRG-DB-B.CA Fundamental Analysis FAQ

What is the fundamental rating for MRG-DB-B stock?

ChartMill assigns a fundamental rating of 3 / 10 to MRG-DB-B.CA.


What is the valuation status for MRG-DB-B stock?

ChartMill assigns a valuation rating of 0 / 10 to MORGUARD NORTH AMERICAN (MRG-DB-B.CA). This can be considered as Overvalued.


How profitable is MORGUARD NORTH AMERICAN (MRG-DB-B.CA) stock?

MORGUARD NORTH AMERICAN (MRG-DB-B.CA) has a profitability rating of 5 / 10.


What are the PE and PB ratios of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) stock?

The Price/Earnings (PE) ratio for MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is 54.28 and the Price/Book (PB) ratio is 1.78.


What is the earnings growth outlook for MORGUARD NORTH AMERICAN?

The Earnings per Share (EPS) of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is expected to decline by -25.86% in the next year.