MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) Fundamental Analysis & Valuation

TSX:MRG-UN • CA61761E1007

Current stock price

17.71 CAD
+0.08 (+0.45%)
Last:

This MRG-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. MRG-UN.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MRG-UN was profitable.
  • In the past year MRG-UN had a positive cash flow from operations.
  • 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.
MRG-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFMRG-UN.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-UN is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • The Return On Equity of MRG-UN (5.16%) is better than 73.33% of its industry peers.
  • MRG-UN has a Return On Invested Capital of 3.19%. This is in the better half of the industry: MRG-UN outperforms 80.00% of its industry peers.
  • MRG-UN had an Average Return On Invested Capital over the past 3 years of 3.20%. This is in line with the industry average of 2.49%.
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-UN.CA Yearly ROA, ROE, ROICMRG-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of MRG-UN (29.03%) is better than 73.33% of its industry peers.
  • In the last couple of years the Profit Margin of MRG-UN has declined.
  • MRG-UN's Operating Margin of 53.50% is fine compared to the rest of the industry. MRG-UN outperforms 66.67% of its industry peers.
  • MRG-UN's Operating Margin has been stable in the last couple of years.
  • MRG-UN has a Gross Margin of 59.85%. This is amonst the worse of the industry: MRG-UN underperforms 80.00% of its industry peers.
  • MRG-UN's Gross Margin has been stable in the last couple of years.
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-UN.CA Yearly Profit, Operating, Gross MarginsMRG-UN.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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3

2. MRG-UN.CA Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for MRG-UN has been reduced compared to 1 year ago.
  • The number of shares outstanding for MRG-UN has been reduced compared to 5 years ago.
  • MRG-UN has a better debt/assets ratio than last year.
MRG-UN.CA Yearly Shares OutstandingMRG-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
MRG-UN.CA Yearly Total Debt VS Total AssetsMRG-UN.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 0.76, we must say that MRG-UN is in the distress zone and has some risk of bankruptcy.
  • MRG-UN has a better Altman-Z score (0.76) than 73.33% of its industry peers.
  • MRG-UN has a debt to FCF ratio of 20.18. This is a negative value and a sign of low solvency as MRG-UN would need 20.18 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 20.18, MRG-UN is doing worse than 60.00% of the companies in the same industry.
  • MRG-UN has a Debt/Equity ratio of 0.79. This is a neutral value indicating MRG-UN is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.79, MRG-UN perfoms like the industry average, outperforming 46.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.79
Debt/FCF 20.18
Altman-Z 0.76
ROIC/WACCN/A
WACCN/A
MRG-UN.CA Yearly LT Debt VS Equity VS FCFMRG-UN.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

  • MRG-UN has a Current Ratio of 0.59. 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.
  • MRG-UN's Current ratio of 0.59 is fine compared to the rest of the industry. MRG-UN outperforms 80.00% of its industry peers.
  • A Quick Ratio of 0.59 indicates that MRG-UN may have some problems paying its short term obligations.
  • With a decent Quick ratio value of 0.59, MRG-UN is doing good in the industry, outperforming 80.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.59
MRG-UN.CA Yearly Current Assets VS Current LiabilitesMRG-UN.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-UN.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.09% over the past year.
  • The Earnings Per Share has been decreasing by -8.34% on average over the past years.
  • Looking at the last year, MRG-UN shows a small growth in Revenue. The Revenue has grown by 3.04% in the last year.
  • Measured over the past years, MRG-UN shows a small growth in Revenue. The Revenue has been growing by 7.36% on average per year.
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

  • The Earnings Per Share is expected to decrease by -11.92% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 2.03% on average over the next years.
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-UN.CA Yearly Revenue VS EstimatesMRG-UN.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-UN.CA Yearly EPS VS EstimatesMRG-UN.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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6

4. MRG-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.47, the valuation of MRG-UN can be described as reasonable.
  • MRG-UN's Price/Earnings ratio is a bit cheaper when compared to the industry. MRG-UN is cheaper than 80.00% 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 27.38.
  • A Price/Forward Earnings ratio of 10.19 indicates a reasonable valuation of MRG-UN.
  • MRG-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. MRG-UN is cheaper than 86.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.20, MRG-UN is valued rather cheaply.
Industry RankSector Rank
PE 9.47
Fwd PE 10.19
MRG-UN.CA Price Earnings VS Forward Price EarningsMRG-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MRG-UN is valued a bit cheaper than 66.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.05
EV/EBITDA N/A
MRG-UN.CA Per share dataMRG-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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 -11.92% in the coming years.
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

6

5. MRG-UN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.17%, MRG-UN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.16, MRG-UN has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, MRG-UN pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.17%

5.2 History

  • The dividend of MRG-UN has a limited annual growth rate of 0.98%.
  • MRG-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)0.98%
Div Incr Years0
Div Non Decr Years0
MRG-UN.CA Yearly Dividends per shareMRG-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • MRG-UN pays out 25.56% of its income as dividend. This is a sustainable payout ratio.
DP25.56%
EPS Next 2Y-11.92%
EPS Next 3YN/A
MRG-UN.CA Yearly Income VS Free CF VS DividendMRG-UN.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-UN.CA Dividend Payout.MRG-UN.CA Dividend Payout, showing the Payout Ratio.MRG-UN.CA Dividend Payout.PayoutRetained Earnings

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MRG-UN.CA Fundamentals: All Metrics, Ratios and Statistics

MORGUARD NORTH AMERICAN RESI

TSX:MRG-UN (4/15/2026, 7:00:00 PM)

17.71

+0.08 (+0.45%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners3.51%
Inst Owner ChangeN/A
Ins Owners4.54%
Ins Owner ChangeN/A
Market Cap618.79M
Revenue(TTM)354.65M
Net Income(TTM)102.97M
Analysts77.5
Price Target22.7 (28.18%)
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-Date03-31
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)1.14%
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%
Revenue NY rev (3m)-1.62%
Valuation
Industry RankSector Rank
PE 9.47
Fwd PE 10.19
P/S 1.74
P/FCF 7.05
P/OCF 7.05
P/B 0.31
P/tB 0.31
EV/EBITDA N/A
EPS(TTM)1.87
EY10.56%
EPS(NY)1.74
Fwd EY9.81%
FCF(TTM)2.51
FCFY14.18%
OCF(TTM)2.51
OCFY14.18%
SpS10.15
BVpS57.09
TBVpS57.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number49.009 (176.73%)
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 0.76
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 RESI / MRG-UN.CA Fundamental Analysis 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.


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.


Can you provide the profitability details for MORGUARD NORTH AMERICAN RESI?

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 9.47 and the Price/Book (PB) ratio is 0.31.


How sustainable is the dividend of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) stock?

The dividend rating of MORGUARD NORTH AMERICAN RESI (MRG-UN.CA) is 6 / 10 and the dividend payout ratio is 25.56%.