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MORGUARD NORTH AMERICAN (MRG-DB-B.CA) Stock Price, Quote, News and Overview

TSX:MRG-DB-B - Toronto Stock Exchange - CA61761EAC45 - Currency: CAD

102.1  -0.12 (-0.12%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MRG-DB-B. MRG-DB-B was compared to 16 industry peers in the Residential REITs industry. While MRG-DB-B is still in line with the averages on profitability rating, there are concerns on its financial health. MRG-DB-B is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year MRG-DB-B was profitable.
MRG-DB-B had a positive operating cash flow in the past year.
MRG-DB-B had positive earnings in each of the past 5 years.
Each year in the past 5 years MRG-DB-B had a positive operating cash flow.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

The Return On Assets of MRG-DB-B (2.45%) is better than 62.50% of its industry peers.
MRG-DB-B has a Return On Equity of 5.65%. This is in the better half of the industry: MRG-DB-B outperforms 62.50% of its industry peers.
MRG-DB-B has a Return On Invested Capital (3.03%) which is in line with its industry peers.
MRG-DB-B had an Average Return On Invested Capital over the past 3 years of 3.13%. This is in line with the industry average of 3.31%.
Industry RankSector Rank
ROA 2.45%
ROE 5.65%
ROIC 3.03%
ROA(3y)4.04%
ROA(5y)4.95%
ROE(3y)9.04%
ROE(5y)11.44%
ROIC(3y)3.13%
ROIC(5y)3.1%
MRG-DB-B.CA Yearly ROA, ROE, ROICMRG-DB-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

MRG-DB-B has a better Profit Margin (32.65%) than 62.50% of its industry peers.
In the last couple of years the Profit Margin of MRG-DB-B has remained more or less at the same level.
With a Operating Margin value of 51.95%, MRG-DB-B is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of MRG-DB-B has remained more or less at the same level.
With a Gross Margin value of 58.28%, MRG-DB-B is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of MRG-DB-B has remained more or less at the same level.
Industry RankSector Rank
OM 51.95%
PM (TTM) 32.65%
GM 58.28%
OM growth 3Y-0.01%
OM growth 5Y-0.52%
PM growth 3Y-33.04%
PM growth 5Y-1.1%
GM growth 3Y-0.62%
GM growth 5Y-0.82%
MRG-DB-B.CA Yearly Profit, Operating, Gross MarginsMRG-DB-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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3

2. Health

2.1 Basic Checks

The number of shares outstanding for MRG-DB-B has been reduced compared to 1 year ago.
MRG-DB-B has less shares outstanding than it did 5 years ago.
MRG-DB-B has a worse debt/assets ratio than last year.
MRG-DB-B.CA Yearly Shares OutstandingMRG-DB-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

MRG-DB-B has an Altman-Z score of 1.39. This is a bad value and indicates that MRG-DB-B is not financially healthy and even has some risk of bankruptcy.
MRG-DB-B has a Altman-Z score of 1.39. This is amongst the best in the industry. MRG-DB-B outperforms 100.00% of its industry peers.
The Debt to FCF ratio of MRG-DB-B is 19.40, which is on the high side as it means it would take MRG-DB-B, 19.40 years of fcf income to pay off all of its debts.
MRG-DB-B has a Debt to FCF ratio of 19.40. This is in the lower half of the industry: MRG-DB-B underperforms 68.75% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that 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 doing worse than 68.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 19.4
Altman-Z 1.39
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

A Current Ratio of 0.58 indicates that MRG-DB-B may have some problems paying its short term obligations.
MRG-DB-B has a Current ratio of 0.58. This is in the better half of the industry: MRG-DB-B outperforms 75.00% of its industry peers.
A Quick Ratio of 0.58 indicates that MRG-DB-B may have some problems paying its short term obligations.
MRG-DB-B has a better Quick ratio (0.58) than 87.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.58
MRG-DB-B.CA Yearly Current Assets VS Current LiabilitesMRG-DB-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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2

3. Growth

3.1 Past

The earnings per share for MRG-DB-B have decreased strongly by -32.41% in the last year.
MRG-DB-B shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.88% yearly.
The Revenue has been growing slightly by 3.85% in the past year.
Measured over the past years, MRG-DB-B shows a small growth in Revenue. The Revenue has been growing by 6.98% on average per year.
EPS 1Y (TTM)-32.41%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%52.32%
Revenue 1Y (TTM)3.85%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%6.51%

3.2 Future

The Earnings Per Share is expected to decrease by -28.92% on average over the next years. This is quite bad
The Revenue is expected to grow by 4.82% on average over the next years.
EPS Next Y-51.22%
EPS Next 2Y-28.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.75%
Revenue Next 2Y4.82%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
MRG-DB-B.CA Yearly Revenue VS EstimatesMRG-DB-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
MRG-DB-B.CA Yearly EPS VS EstimatesMRG-DB-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

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0

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 50.54, the valuation of MRG-DB-B can be described as expensive.
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 26.93, MRG-DB-B is valued quite expensively.
MRG-DB-B is valuated quite expensively with a Price/Forward Earnings ratio of 69.72.
MRG-DB-B's Price/Forward Earnings ratio is rather expensive when compared to the industry. MRG-DB-B is more expensive than 81.25% of the companies in the same industry.
MRG-DB-B's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 35.31.
Industry RankSector Rank
PE 50.54
Fwd PE 69.72
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 20 40 60

4.2 Price Multiples

87.50% 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 37.98
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

MRG-DB-B's earnings are expected to decrease with -28.92% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)8.6
EPS Next 2Y-28.92%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

MRG-DB-B has a Yearly Dividend Yield of 4.17%, which is a nice return.
MRG-DB-B's Dividend Yield is a higher than the industry average which is at 4.39.
Compared to an average S&P500 Dividend Yield of 2.39, 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 2.33%.
MRG-DB-B does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)2.33%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

MRG-DB-B pays out 23.44% of its income as dividend. This is a sustainable payout ratio.
DP23.44%
EPS Next 2Y-28.92%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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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MORGUARD NORTH AMERICAN

TSX:MRG-DB-B (8/6/2025, 7:00:00 PM)

102.1

-0.12 (-0.12%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)07-29 2025-07-29
Earnings (Next)10-27 2025-10-27
Inst Owners4.31%
Inst Owner ChangeN/A
Ins Owners4.48%
Ins Owner ChangeN/A
Market Cap3.58B
Analysts80
Price Target122.5 (19.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend0.49
Dividend Growth(5Y)2.33%
DP23.44%
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)-4.74%
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)-0.28%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE 50.54
Fwd PE 69.72
P/S 10.24
P/FCF 37.98
P/OCF 37.98
P/B 1.77
P/tB 1.77
EV/EBITDA N/A
EPS(TTM)2.02
EY1.98%
EPS(NY)1.46
Fwd EY1.43%
FCF(TTM)2.69
FCFY2.63%
OCF(TTM)2.69
OCFY2.63%
SpS9.97
BVpS57.61
TBVpS57.61
PEG (NY)N/A
PEG (5Y)8.6
Profitability
Industry RankSector Rank
ROA 2.45%
ROE 5.65%
ROCE 4.21%
ROIC 3.03%
ROICexc 3.06%
ROICexgc 3.06%
OM 51.95%
PM (TTM) 32.65%
GM 58.28%
FCFM 26.98%
ROA(3y)4.04%
ROA(5y)4.95%
ROE(3y)9.04%
ROE(5y)11.44%
ROIC(3y)3.13%
ROIC(5y)3.1%
ROICexc(3y)3.15%
ROICexc(5y)3.12%
ROICexgc(3y)3.15%
ROICexgc(5y)3.12%
ROCE(3y)4.34%
ROCE(5y)4.31%
ROICexcg growth 3Y3.05%
ROICexcg growth 5Y-1.05%
ROICexc growth 3Y3.05%
ROICexc growth 5Y-1.05%
OM growth 3Y-0.01%
OM growth 5Y-0.52%
PM growth 3Y-33.04%
PM growth 5Y-1.1%
GM growth 3Y-0.62%
GM growth 5Y-0.82%
F-Score4
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 19.4
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.73
Cash Conversion N/A
Profit Quality 82.61%
Current Ratio 0.58
Quick Ratio 0.58
Altman-Z 1.39
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)60.15%
Profit Quality(5y)46.4%
High Growth Momentum
Growth
EPS 1Y (TTM)-32.41%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%52.32%
EPS Next Y-51.22%
EPS Next 2Y-28.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.85%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%6.51%
Revenue Next Year5.75%
Revenue Next 2Y4.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y0.08%
EBIT growth 3Y11.9%
EBIT growth 5Y6.42%
EBIT Next Year-6.38%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y17.13%
FCF growth 3Y15.25%
FCF growth 5Y11.94%
OCF growth 1Y17.13%
OCF growth 3Y15.25%
OCF growth 5Y9.31%