MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MRG-UN - CA61761E1007 - REIT
18.2 CAD
+0.09 (+0.5%)
Taking everything into account, MRG-UN scores 5 out of 10 in our fundamental rating. MRG-UN was compared to 15 industry peers in the Residential REITs industry. While MRG-UN is still in line with the averages on profitability rating, there are concerns on its financial health. MRG-UN has a valuation in line with the averages, but it does not seem to be growing. Finally MRG-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year MRG-UN was profitable.
- MRG-UN had a positive operating cash flow in the past year.
- MRG-UN had positive earnings in each of the past 5 years.
- MRG-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a decent Return On Assets value of 2.69%, MRG-UN is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- With a decent Return On Equity value of 6.20%, MRG-UN is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- MRG-UN has a better Return On Invested Capital (3.06%) than 73.33% of its industry peers.
- MRG-UN had an Average Return On Invested Capital over the past 3 years of 3.13%. This is in line with the industry average of 2.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 6.2% | ||
| ROIC | 3.06% |
ROA(3y)4.04%
ROA(5y)4.95%
ROE(3y)9.04%
ROE(5y)11.44%
ROIC(3y)3.13%
ROIC(5y)3.1%
1.3 Margins
- MRG-UN's Profit Margin of 34.91% is fine compared to the rest of the industry. MRG-UN outperforms 66.67% of its industry peers.
- In the last couple of years the Profit Margin of MRG-UN has remained more or less at the same level.
- With a Operating Margin value of 52.49%, MRG-UN perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
- MRG-UN's Operating Margin has been stable in the last couple of years.
- Looking at the Gross Margin, with a value of 58.88%, MRG-UN is doing worse than 73.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of MRG-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.49% | ||
| PM (TTM) | 34.91% | ||
| GM | 58.88% |
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%
2. Health
2.1 Basic Checks
- MRG-UN has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, MRG-UN has less shares outstanding
- The debt/assets ratio for MRG-UN is higher compared to a year ago.
2.2 Solvency
- MRG-UN has an Altman-Z score of 0.76. This is a bad value and indicates that MRG-UN is not financially healthy and even has some risk of bankruptcy.
- MRG-UN has a Altman-Z score (0.76) which is in line with its industry peers.
- The Debt to FCF ratio of MRG-UN is 18.60, which is on the high side as it means it would take MRG-UN, 18.60 years of fcf income to pay off all of its debts.
- MRG-UN has a Debt to FCF ratio of 18.60. This is in the lower half of the industry: MRG-UN underperforms 66.67% of its industry peers.
- A Debt/Equity ratio of 0.83 indicates that MRG-UN is somewhat dependend on debt financing.
- MRG-UN has a Debt to Equity ratio of 0.83. This is in the lower half of the industry: MRG-UN underperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 18.6 | ||
| Altman-Z | 0.76 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.82 indicates that MRG-UN may have some problems paying its short term obligations.
- With an excellent Current ratio value of 0.82, MRG-UN belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
- A Quick Ratio of 0.82 indicates that MRG-UN may have some problems paying its short term obligations.
- MRG-UN has a better Quick ratio (0.82) than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
- MRG-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 64.99%, which is quite impressive.
- MRG-UN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.88% yearly.
- Looking at the last year, MRG-UN shows a small growth in Revenue. The Revenue has grown by 3.83% in the last year.
- Measured over the past years, MRG-UN shows a small growth in Revenue. The Revenue has been growing by 6.98% on average per year.
EPS 1Y (TTM)64.99%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%137.49%
Revenue 1Y (TTM)3.83%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%2.19%
3.2 Future
- Based on estimates for the next years, MRG-UN will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.40% on average per year.
- Based on estimates for the next years, MRG-UN will show a small growth in Revenue. The Revenue will grow by 3.00% on average per year.
EPS Next Y-19.16%
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
EPS Next 5YN/A
Revenue Next Year3.7%
Revenue Next 2Y3.12%
Revenue Next 3Y3%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 8.16, the valuation of MRG-UN can be described as reasonable.
- Compared to the rest of the industry, the Price/Earnings ratio of MRG-UN indicates a somewhat cheap valuation: MRG-UN is cheaper than 80.00% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.54. MRG-UN is valued rather cheaply when compared to this.
- Based on the Price/Forward Earnings ratio of 10.48, the valuation of MRG-UN can be described as reasonable.
- Based on the Price/Forward Earnings ratio, MRG-UN is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.31. MRG-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.16 | ||
| Fwd PE | 10.48 |
4.2 Price Multiples
- 73.33% of the companies in the same industry are more expensive than MRG-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.59 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The decent profitability rating of MRG-UN may justify a higher PE ratio.
- MRG-UN's earnings are expected to decrease with -14.40% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.39
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
5. Dividend
5.1 Amount
- MRG-UN has a Yearly Dividend Yield of 4.17%, which is a nice return.
- MRG-UN's Dividend Yield is comparable with the industry average which is at 4.86.
- MRG-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
5.2 History
- The dividend of MRG-UN has a limited annual growth rate of 2.33%.
- MRG-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- MRG-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.33%
Div Incr Years3
Div Non Decr Years12
5.3 Sustainability
- MRG-UN pays out 21.37% of its income as dividend. This is a sustainable payout ratio.
DP21.37%
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
TSX:MRG-UN (1/14/2026, 7:00:00 PM)
18.2
+0.09 (+0.5%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)10-27 2025-10-27
Earnings (Next)02-09 2026-02-09
Inst Owners3.99%
Inst Owner ChangeN/A
Ins Owners4.51%
Ins Owner ChangeN/A
Market Cap635.73M
Revenue(TTM)354.36M
Net Income(TTM)123.69M
Analysts77.5
Price Target22.44 (23.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
Yearly Dividend0.49
Dividend Growth(5Y)2.33%
DP21.37%
Div Incr Years3
Div Non Decr Years12
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)-1.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.73%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.16 | ||
| Fwd PE | 10.48 | ||
| P/S | 1.79 | ||
| P/FCF | 6.59 | ||
| P/OCF | 6.59 | ||
| P/B | 0.32 | ||
| P/tB | 0.32 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.23
EY12.25%
EPS(NY)1.74
Fwd EY9.55%
FCF(TTM)2.76
FCFY15.16%
OCF(TTM)2.76
OCFY15.16%
SpS10.14
BVpS57.08
TBVpS57.08
PEG (NY)N/A
PEG (5Y)1.39
Graham Number53.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.69% | ||
| ROE | 6.2% | ||
| ROCE | 4.25% | ||
| ROIC | 3.06% | ||
| ROICexc | 3.12% | ||
| ROICexgc | 3.12% | ||
| OM | 52.49% | ||
| PM (TTM) | 34.91% | ||
| GM | 58.88% | ||
| FCFM | 27.2% |
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%
ROICexgc growth 3Y3.05%
ROICexgc 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-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 18.6 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.64 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 77.94% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 0.76 |
F-Score5
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)64.99%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%137.49%
EPS Next Y-19.16%
EPS Next 2Y-22.59%
EPS Next 3Y-14.4%
EPS Next 5YN/A
Revenue 1Y (TTM)3.83%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%2.19%
Revenue Next Year3.7%
Revenue Next 2Y3.12%
Revenue Next 3Y3%
Revenue Next 5YN/A
EBIT growth 1Y2.04%
EBIT growth 3Y11.9%
EBIT growth 5Y6.42%
EBIT Next Year-7.73%
EBIT Next 3Y-0.46%
EBIT Next 5YN/A
FCF growth 1Y19.62%
FCF growth 3Y15.25%
FCF growth 5Y11.94%
OCF growth 1Y19.62%
OCF growth 3Y15.25%
OCF growth 5Y9.31%
MORGUARD NORTH AMERICAN RESI / MRG-UN.CA FAQ
What is the ChartMill fundamental rating of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MRG-UN.CA.
Can you provide the valuation status for MORGUARD NORTH AMERICAN RESI?
ChartMill assigns a valuation rating of 6 / 10 to MORGUARD NORTH AMERICAN RESI (MRG-UN.CA). This can be considered as Fairly Valued.
What is the profitability of MRG-UN stock?
MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) has a profitability rating of 6 / 10.
What is the valuation of MORGUARD NORTH AMERICAN RESI based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) is 8.16 and the Price/Book (PB) ratio is 0.32.
Can you provide the financial health for MRG-UN stock?
The financial health rating of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) is 3 / 10.