MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:MRG-UN - CA61761E1007 - REIT
16.8 CAD
-0.35 (-2.04%)
Overall MRG-UN gets a fundamental rating of 5 out of 10. We evaluated MRG-UN against 16 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.
In the past 5 years MRG-UN has always been profitable.
Each year in the past 5 years MRG-UN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MRG-UN (2.69%) is better than 68.75% of its industry peers.
With a decent Return On Equity value of 6.20%, MRG-UN is doing good in the industry, outperforming 68.75% of the companies in the same industry.
The Return On Invested Capital of MRG-UN (3.06%) is better than 62.50% 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 3.14%.
| 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 has a better Profit Margin (34.91%) than 68.75% of its industry peers.
MRG-UN's Profit Margin has been stable in the last couple of years.
MRG-UN has a better Operating Margin (52.49%) than 62.50% of its industry peers.
In the last couple of years the Operating Margin of MRG-UN has remained more or less at the same level.
MRG-UN has a worse Gross Margin (58.88%) than 68.75% of its industry peers.
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
The number of shares outstanding for MRG-UN has been reduced compared to 1 year ago.
MRG-UN has less shares outstanding than it did 5 years ago.
MRG-UN has a worse debt/assets ratio than last year.
2.2 Solvency
MRG-UN has an Altman-Z score of 0.75. This is a bad value and indicates that MRG-UN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.75, MRG-UN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
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.
With a Debt to FCF ratio value of 18.60, MRG-UN is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.83 indicates that MRG-UN is somewhat dependend on debt financing.
The Debt to Equity ratio of MRG-UN (0.83) is worse than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 18.6 | ||
| Altman-Z | 0.75 |
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.
MRG-UN's Current ratio of 0.82 is amongst the best of the industry. MRG-UN outperforms 93.75% of its industry peers.
MRG-UN has a Quick Ratio of 0.82. This is a bad value and indicates that MRG-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MRG-UN (0.82) is better than 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 64.99% over the past year.
Measured over the past 5 years, MRG-UN shows a small growth in Earnings Per Share. The EPS has been growing by 5.88% on average per year.
The Revenue has been growing slightly by 3.83% in the past year.
MRG-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.98% yearly.
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 3.44% 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 Year4.91%
Revenue Next 2Y3.9%
Revenue Next 3Y3.44%
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
The Price/Earnings ratio is 7.53, which indicates a rather cheap valuation of MRG-UN.
MRG-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. MRG-UN is cheaper than 75.00% of the companies in the same industry.
MRG-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.15.
With a Price/Forward Earnings ratio of 9.67, the valuation of MRG-UN can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MRG-UN indicates a rather cheap valuation: MRG-UN is cheaper than 87.50% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 36.22. MRG-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.53 | ||
| Fwd PE | 9.67 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MRG-UN is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.1 | ||
| 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)1.28
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 a higher than the industry average which is at 4.38.
Compared to an average S&P500 Dividend Yield of 2.32, 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
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 (12/2/2025, 7:00:00 PM)
16.8
-0.35 (-2.04%)
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 Cap588.17M
Revenue(TTM)354.36M
Net Income(TTM)123.69M
Analysts80
Price Target22.44 (33.57%)
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-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)-1.12%
PT rev (3m)-1.12%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.73%
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)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.53 | ||
| Fwd PE | 9.67 | ||
| P/S | 1.66 | ||
| P/FCF | 6.1 | ||
| P/OCF | 6.1 | ||
| P/B | 0.29 | ||
| P/tB | 0.29 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.23
EY13.27%
EPS(NY)1.74
Fwd EY10.34%
FCF(TTM)2.75
FCFY16.39%
OCF(TTM)2.75
OCFY16.39%
SpS10.12
BVpS56.95
TBVpS56.95
PEG (NY)N/A
PEG (5Y)1.28
Graham Number53.46
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 | 0.75 |
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 Year4.91%
Revenue Next 2Y3.9%
Revenue Next 3Y3.44%
Revenue Next 5YN/A
EBIT growth 1Y2.04%
EBIT growth 3Y11.9%
EBIT growth 5Y6.42%
EBIT Next Year-6.66%
EBIT Next 3Y-0.04%
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.
What is the valuation status of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) stock?
ChartMill assigns a valuation rating of 6 / 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 7.53 and the Price/Book (PB) ratio is 0.29.
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 -19.16% in the next year.