MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) Stock Fundamental Analysis
Canada - TSX:MRG-UN - CA61761E1007 - REIT
17.41 CAD
-0.14 (-0.8%)
MRG-UN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 14 industry peers in the Residential REITs industry. MRG-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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
MRG-UN had positive earnings in the past year.
In the past year MRG-UN had a positive cash flow from operations.
Each year in the past 5 years MRG-UN has been profitable.
In the past 5 years MRG-UN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.10%, MRG-UN is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
The Return On Equity of MRG-UN (4.83%) is better than 64.29% of its industry peers.
MRG-UN has a Return On Invested Capital of 3.15%. This is comparable to the rest of the industry: MRG-UN outperforms 57.14% 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 3.22%.
The 3 year average ROIC (3.13%) for MRG-UN is below the current ROIC(3.15%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 4.83% | ||
| ROIC | 3.15% |
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
The Profit Margin of MRG-UN (26.97%) is better than 64.29% 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 52.17%, MRG-UN perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
In the last couple of years the Operating Margin of MRG-UN has remained more or less at the same level.
Looking at the Gross Margin, with a value of 58.53%, MRG-UN is doing worse than 78.57% 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 | 52.17% | ||
| PM (TTM) | 26.97% | ||
| GM | 58.53% |
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.
The number of shares outstanding for MRG-UN has been reduced compared to 5 years ago.
The debt/assets ratio for MRG-UN is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.73, we must say that MRG-UN is in the distress zone and has some risk of bankruptcy.
MRG-UN's Altman-Z score of 0.73 is in line compared to the rest of the industry. MRG-UN outperforms 50.00% of its industry peers.
MRG-UN has a debt to FCF ratio of 19.06. This is a negative value and a sign of low solvency as MRG-UN would need 19.06 years to pay back of all of its debts.
MRG-UN's Debt to FCF ratio of 19.06 is on the low side compared to the rest of the industry. MRG-UN is outperformed by 71.43% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that MRG-UN is somewhat dependend on debt financing.
MRG-UN has a Debt to Equity ratio of 0.77. This is in the lower half of the industry: MRG-UN underperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 19.06 | ||
| Altman-Z | 0.73 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.52 indicates that MRG-UN may have some problems paying its short term obligations.
With an excellent Current ratio value of 0.52, MRG-UN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
A Quick Ratio of 0.52 indicates that MRG-UN may have some problems paying its short term obligations.
With an excellent Quick ratio value of 0.52, MRG-UN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The earnings per share for MRG-UN have decreased strongly by -30.15% in the last year.
The Earnings Per Share has been growing slightly by 5.88% on average over the past years.
MRG-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 3.93%.
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)-30.15%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%-37.17%
Revenue 1Y (TTM)3.93%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%3.24%
3.2 Future
MRG-UN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -19.63% yearly.
The Revenue is expected to grow by 4.27% on average over the next years.
EPS Next Y-16.03%
EPS Next 2Y-29.17%
EPS Next 3Y-19.63%
EPS Next 5YN/A
Revenue Next Year4.91%
Revenue Next 2Y4.44%
Revenue Next 3Y4.27%
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.
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
A Price/Earnings ratio of 10.24 indicates a reasonable valuation of MRG-UN.
Compared to the rest of the industry, the Price/Earnings ratio of MRG-UN indicates a somewhat cheap valuation: MRG-UN is cheaper than 71.43% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.11, MRG-UN is valued rather cheaply.
A Price/Forward Earnings ratio of 11.97 indicates a reasonable valuation of MRG-UN.
Based on the Price/Forward Earnings ratio, MRG-UN is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.55. MRG-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.24 | ||
| Fwd PE | 11.97 |
4.2 Price Multiples
MRG-UN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.56 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of MRG-UN may justify a higher PE ratio.
A cheap valuation may be justified as MRG-UN's earnings are expected to decrease with -19.63% in the coming years.
PEG (NY)N/A
PEG (5Y)1.74
EPS Next 2Y-29.17%
EPS Next 3Y-19.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.17%, MRG-UN is a good candidate for dividend investing.
MRG-UN's Dividend Yield is a higher than the industry average which is at 4.43.
Compared to an average S&P500 Dividend Yield of 2.37, MRG-UN pays a better dividend.
| 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 paid a dividend for at least 10 years, which is a reliable track record.
MRG-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.33%
Div Incr Years3
Div Non Decr Years12
5.3 Sustainability
28.03% of the earnings are spent on dividend by MRG-UN. This is a low number and sustainable payout ratio.
DP28.03%
EPS Next 2Y-29.17%
EPS Next 3Y-19.63%
TSX:MRG-UN (10/31/2025, 7:00:00 PM)
17.41
-0.14 (-0.8%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners4.37%
Inst Owner ChangeN/A
Ins Owners4.53%
Ins Owner ChangeN/A
Market Cap609.35M
Revenue(TTM)352.49M
Net Income(TTM)95.05M
Analysts80
Price Target22.7 (30.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.17% |
Yearly Dividend0.49
Dividend Growth(5Y)2.33%
DP28.03%
Div Incr Years3
Div Non Decr Years12
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)3.49%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)72.14%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.24 | ||
| Fwd PE | 11.97 | ||
| P/S | 1.73 | ||
| P/FCF | 6.56 | ||
| P/OCF | 6.56 | ||
| P/B | 0.31 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.7
EY9.76%
EPS(NY)1.45
Fwd EY8.35%
FCF(TTM)2.65
FCFY15.24%
OCF(TTM)2.65
OCFY15.24%
SpS10.07
BVpS56.28
TBVpS56.28
PEG (NY)N/A
PEG (5Y)1.74
Graham Number46.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 4.83% | ||
| ROCE | 4.38% | ||
| ROIC | 3.15% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 3.2% | ||
| OM | 52.17% | ||
| PM (TTM) | 26.97% | ||
| GM | 58.53% | ||
| FCFM | 26.34% |
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 | 0.77 | ||
| Debt/FCF | 19.06 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.68 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 97.69% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 0.73 |
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)-30.15%
EPS 3Y-23.43%
EPS 5Y5.88%
EPS Q2Q%-37.17%
EPS Next Y-16.03%
EPS Next 2Y-29.17%
EPS Next 3Y-19.63%
EPS Next 5YN/A
Revenue 1Y (TTM)3.93%
Revenue growth 3Y11.91%
Revenue growth 5Y6.98%
Sales Q2Q%3.24%
Revenue Next Year4.91%
Revenue Next 2Y4.44%
Revenue Next 3Y4.27%
Revenue Next 5YN/A
EBIT growth 1Y0.67%
EBIT growth 3Y11.9%
EBIT growth 5Y6.42%
EBIT Next Year-6.66%
EBIT Next 3Y-0.04%
EBIT Next 5YN/A
FCF growth 1Y-0.05%
FCF growth 3Y15.25%
FCF growth 5Y11.94%
OCF growth 1Y-0.05%
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 4 / 10 to MRG-UN.CA.
What is the valuation status of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to MORGUARD NORTH AMERICAN RESI (MRG-UN.CA). This can be considered as Fairly Valued.
How profitable is MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) stock?
MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) stock?
The Price/Earnings (PE) ratio for MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) is 10.24 and the Price/Book (PB) ratio is 0.31.
What is the earnings growth outlook for MORGUARD NORTH AMERICAN RESI?
The Earnings per Share (EPS) of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) is expected to decline by -16.03% in the next year.