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

TSX:MRG-DB-B • CA61761EAC45

Current stock price

102.44 CAD
+0.44 (+0.43%)
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.

5

1. MRG-DB-B.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MRG-DB-B was profitable.
  • 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.
  • In the past 5 years MRG-DB-B always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 2.27%, MRG-DB-B is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • The Return On Equity of MRG-DB-B (5.16%) is better than 66.67% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3.19%, MRG-DB-B is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • MRG-DB-B had an Average Return On Invested Capital over the past 3 years of 3.20%. This is in line with the industry average of 3.17%.
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

  • MRG-DB-B's Profit Margin of 29.03% is fine compared to the rest of the industry. MRG-DB-B outperforms 66.67% of its industry peers.
  • In the last couple of years the Profit Margin of MRG-DB-B has declined.
  • Looking at the Operating Margin, with a value of 53.50%, MRG-DB-B is in line with its industry, outperforming 53.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MRG-DB-B has remained more or less at the same level.
  • MRG-DB-B has a Gross Margin of 59.85%. This is amonst the worse of the industry: MRG-DB-B underperforms 80.00% of its industry peers.
  • 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 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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. MRG-DB-B.CA Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, MRG-DB-B has less shares outstanding
  • MRG-DB-B has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, MRG-DB-B has an improved debt to assets ratio.
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 1.46, we must say that MRG-DB-B is in the distress zone and has some risk of bankruptcy.
  • MRG-DB-B's Altman-Z score of 1.46 is amongst the best of the industry. MRG-DB-B outperforms 100.00% of its industry peers.
  • The Debt to FCF ratio of MRG-DB-B is 20.18, which is on the high side as it means it would take MRG-DB-B, 20.18 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MRG-DB-B (20.18) is worse than 73.33% 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.
  • MRG-DB-B's Debt to Equity ratio of 0.79 is on the low side compared to the rest of the industry. MRG-DB-B is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 20.18
Altman-Z 1.46
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.
  • MRG-DB-B has a Current ratio of 0.59. This is amongst the best in the industry. MRG-DB-B outperforms 86.67% of its industry peers.
  • A Quick Ratio of 0.59 indicates that MRG-DB-B may have some problems paying its short term obligations.
  • MRG-DB-B has a better Quick ratio (0.59) than 86.67% of its industry peers.
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

  • MRG-DB-B shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.09%.
  • The Earnings Per Share has been decreasing by -8.34% on average over the past years.
  • 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.
  • MRG-DB-B shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.36% yearly.
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

  • Based on estimates for the next years, MRG-DB-B will show a very negative growth in Earnings Per Share. The EPS will decrease by -11.92% on average per year.
  • MRG-DB-B is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.03% yearly.
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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0

4. MRG-DB-B.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 54.78 indicates a quite expensive valuation of MRG-DB-B.
  • MRG-DB-B's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.96, MRG-DB-B is valued quite expensively.
  • A Price/Forward Earnings ratio of 58.97 indicates a quite expensive valuation of MRG-DB-B.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MRG-DB-B indicates a rather expensive valuation: MRG-DB-B more expensive than 80.00% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.04. MRG-DB-B is valued rather expensively when compared to this.
Industry RankSector Rank
PE 54.78
Fwd PE 58.97
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

  • MRG-DB-B's Price/Free Cash Flow ratio is rather expensive when compared to the industry. MRG-DB-B is more expensive than 93.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 40.77
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 -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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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MRG-DB-B.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.17%, MRG-DB-B is a good candidate for dividend investing.
  • MRG-DB-B's Dividend Yield is comparable with the industry average which is at 4.83.
  • MRG-DB-B's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
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 does not have a reliable dividend history as it only pays dividend since a couple or years.
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 (3/10/2026, 7:00:00 PM)

102.44

+0.44 (+0.43%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-10
Earnings (Next)04-27
Inst Owners3.94%
Inst Owner ChangeN/A
Ins Owners4.54%
Ins Owner ChangeN/A
Market Cap3.58B
Revenue(TTM)354.65M
Net Income(TTM)102.97M
Analysts77.5
Price Target122.53 (19.61%)
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)-1.54%
PT rev (3m)-12.89%
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)-1.62%
Revenue NY rev (3m)-1.62%
Valuation
Industry RankSector Rank
PE 54.78
Fwd PE 58.97
P/S 10.09
P/FCF 40.77
P/OCF 40.77
P/B 1.79
P/tB 1.79
EV/EBITDA N/A
EPS(TTM)1.87
EY1.83%
EPS(NY)1.74
Fwd EY1.7%
FCF(TTM)2.51
FCFY2.45%
OCF(TTM)2.51
OCFY2.45%
SpS10.15
BVpS57.1
TBVpS57.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number49.02
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 1.46
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.


What is the profitability of MRG-DB-B stock?

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


Can you provide the financial health for MRG-DB-B stock?

The financial health rating of MORGUARD NORTH AMERICAN (MRG-DB-B.CA) is 4 / 10.


What is the expected EPS growth for MORGUARD NORTH AMERICAN (MRG-DB-B.CA) stock?

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