MORGUARD REIT (MRT-DB-A.CA) Fundamental Analysis & Valuation

TSX:MRT-DB-A • CA617914AP17

Current stock price

100.16 CAD
-0.08 (-0.08%)
Last:

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

2

1. MRT-DB-A.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MRT-DB-A has reported negative net income.
  • MRT-DB-A had a positive operating cash flow in the past year.
  • MRT-DB-A had negative earnings in 4 of the past 5 years.
  • MRT-DB-A had a positive operating cash flow in each of the past 5 years.
MRT-DB-A.CA Yearly Net Income VS EBIT VS OCF VS FCFMRT-DB-A.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 0 100M -100M -200M -300M

1.2 Ratios

  • MRT-DB-A's Return On Assets of -0.77% is in line compared to the rest of the industry. MRT-DB-A outperforms 47.06% of its industry peers.
  • MRT-DB-A has a Return On Equity of -1.92%. This is comparable to the rest of the industry: MRT-DB-A outperforms 47.06% of its industry peers.
  • MRT-DB-A has a Return On Invested Capital (4.56%) which is in line with its industry peers.
  • MRT-DB-A had an Average Return On Invested Capital over the past 3 years of 4.63%. This is below the industry average of 6.93%.
Industry RankSector Rank
ROA -0.77%
ROE -1.92%
ROIC 4.56%
ROA(3y)-2.25%
ROA(5y)-2.03%
ROE(3y)-5.44%
ROE(5y)-4.82%
ROIC(3y)4.63%
ROIC(5y)4.41%
MRT-DB-A.CA Yearly ROA, ROE, ROICMRT-DB-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -10 -20 -30

1.3 Margins

  • MRT-DB-A has a Operating Margin of 45.10%. This is in the lower half of the industry: MRT-DB-A underperforms 73.53% of its industry peers.
  • In the last couple of years the Operating Margin of MRT-DB-A has declined.
  • The Gross Margin of MRT-DB-A (46.72%) is worse than 79.41% of its industry peers.
  • In the last couple of years the Gross Margin of MRT-DB-A has declined.
Industry RankSector Rank
OM 45.1%
PM (TTM) N/A
GM 46.72%
OM growth 3Y-2.91%
OM growth 5Y-3.1%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.5%
GM growth 5Y-3.07%
MRT-DB-A.CA Yearly Profit, Operating, Gross MarginsMRT-DB-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. MRT-DB-A.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MRT-DB-A is destroying value.
  • Compared to 1 year ago, MRT-DB-A has more shares outstanding
  • MRT-DB-A has more shares outstanding than it did 5 years ago.
  • MRT-DB-A has a worse debt/assets ratio than last year.
MRT-DB-A.CA Yearly Shares OutstandingMRT-DB-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MRT-DB-A.CA Yearly Total Debt VS Total AssetsMRT-DB-A.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

2.2 Solvency

  • MRT-DB-A has an Altman-Z score of 3.18. This indicates that MRT-DB-A is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.18, MRT-DB-A belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
  • The Debt to FCF ratio of MRT-DB-A is 30.58, which is on the high side as it means it would take MRT-DB-A, 30.58 years of fcf income to pay off all of its debts.
  • MRT-DB-A's Debt to FCF ratio of 30.58 is on the low side compared to the rest of the industry. MRT-DB-A is outperformed by 73.53% of its industry peers.
  • A Debt/Equity ratio of 0.96 indicates that MRT-DB-A is somewhat dependend on debt financing.
  • MRT-DB-A has a Debt to Equity ratio of 0.96. This is comparable to the rest of the industry: MRT-DB-A outperforms 58.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.96
Debt/FCF 30.58
Altman-Z 3.18
ROIC/WACC0.63
WACC7.24%
MRT-DB-A.CA Yearly LT Debt VS Equity VS FCFMRT-DB-A.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

2.3 Liquidity

  • A Current Ratio of 0.04 indicates that MRT-DB-A may have some problems paying its short term obligations.
  • With a Current ratio value of 0.04, MRT-DB-A is not doing good in the industry: 88.24% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.04 indicates that MRT-DB-A may have some problems paying its short term obligations.
  • MRT-DB-A has a worse Quick ratio (0.04) than 88.24% of its industry peers.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
MRT-DB-A.CA Yearly Current Assets VS Current LiabilitesMRT-DB-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. MRT-DB-A.CA Growth Analysis

3.1 Past

  • MRT-DB-A shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 74.37%, which is quite impressive.
  • Looking at the last year, MRT-DB-A shows a decrease in Revenue. The Revenue has decreased by -7.65% in the last year.
  • The Revenue has been decreasing by -1.17% on average over the past years.
EPS 1Y (TTM)74.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%78.37%
Revenue 1Y (TTM)-7.65%
Revenue growth 3Y-0.45%
Revenue growth 5Y-1.17%
Sales Q2Q%-6.58%

3.2 Future

  • MRT-DB-A is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 250.51% yearly.
  • MRT-DB-A is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.04% yearly.
EPS Next Y1014.29%
EPS Next 2Y250.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.28%
Revenue Next 2Y5.04%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MRT-DB-A.CA Yearly Revenue VS EstimatesMRT-DB-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
MRT-DB-A.CA Yearly EPS VS EstimatesMRT-DB-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2018 2019 2020 2021 2023 2024 2025 2026 2027 0 -2 -4

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2

4. MRT-DB-A.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for MRT-DB-A. In the last year negative earnings were reported.
  • MRT-DB-A is valuated quite expensively with a Price/Forward Earnings ratio of 127.14.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MRT-DB-A is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 37.96, MRT-DB-A is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 127.14
MRT-DB-A.CA Price Earnings VS Forward Price EarningsMRT-DB-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 -100 -200 -300

4.2 Price Multiples

  • MRT-DB-A's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 82.35% of the companies in the same industry are cheaper than MRT-DB-A, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 165.53
EV/EBITDA 72.03
MRT-DB-A.CA Per share dataMRT-DB-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

  • MRT-DB-A's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MRT-DB-A's earnings are expected to grow with 250.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y250.51%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. MRT-DB-A.CA Dividend Analysis

5.1 Amount

  • MRT-DB-A has a Yearly Dividend Yield of 4.49%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.49, MRT-DB-A is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, MRT-DB-A pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.49%

5.2 History

  • The dividend of MRT-DB-A decreases each year by -29.96%.
  • MRT-DB-A is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)-29.96%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • The earnings of MRT-DB-A are negative and hence is the payout ratio. MRT-DB-A will probably not be able to sustain this dividend level.
DP-22.82%
EPS Next 2Y250.51%
EPS Next 3YN/A
MRT-DB-A.CA Yearly Income VS Free CF VS DividendMRT-DB-A.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M

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MRT-DB-A.CA Fundamentals: All Metrics, Ratios and Statistics

MORGUARD REIT

TSX:MRT-DB-A (4/9/2026, 7:00:00 PM)

100.16

-0.08 (-0.08%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11
Earnings (Next)04-29
Inst Owners0.75%
Inst Owner ChangeN/A
Ins Owners16.03%
Ins Owner ChangeN/A
Market Cap6.69B
Revenue(TTM)239.34M
Net Income(TTM)-16.56M
Analysts50
Price Target104.42 (4.25%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.49%
Yearly Dividend0.06
Dividend Growth(5Y)-29.96%
DP-22.82%
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)11.95%
PT rev (3m)10.77%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.65%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 127.14
P/S 27.95
P/FCF 165.53
P/OCF 165.53
P/B 7.74
P/tB 7.74
EV/EBITDA 72.03
EPS(TTM)-0.26
EYN/A
EPS(NY)0.79
Fwd EY0.79%
FCF(TTM)0.61
FCFY0.6%
OCF(TTM)0.61
OCFY0.6%
SpS3.58
BVpS12.95
TBVpS12.95
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.77%
ROE -1.92%
ROCE 6.88%
ROIC 4.56%
ROICexc 4.57%
ROICexgc 4.57%
OM 45.1%
PM (TTM) N/A
GM 46.72%
FCFM 16.88%
ROA(3y)-2.25%
ROA(5y)-2.03%
ROE(3y)-5.44%
ROE(5y)-4.82%
ROIC(3y)4.63%
ROIC(5y)4.41%
ROICexc(3y)4.65%
ROICexc(5y)4.43%
ROICexgc(3y)4.65%
ROICexgc(5y)4.43%
ROCE(3y)6.83%
ROCE(5y)6.4%
ROICexgc growth 3Y2.19%
ROICexgc growth 5Y0.21%
ROICexc growth 3Y2.19%
ROICexc growth 5Y0.21%
OM growth 3Y-2.91%
OM growth 5Y-3.1%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.5%
GM growth 5Y-3.07%
F-Score4
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.96
Debt/FCF 30.58
Debt/EBITDA 7.72
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.79
Cash Conversion 37.41%
Profit Quality N/A
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z 3.18
F-Score4
WACC7.24%
ROIC/WACC0.63
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)74.37%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%78.37%
EPS Next Y1014.29%
EPS Next 2Y250.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.65%
Revenue growth 3Y-0.45%
Revenue growth 5Y-1.17%
Sales Q2Q%-6.58%
Revenue Next Year6.28%
Revenue Next 2Y5.04%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-13.41%
EBIT growth 3Y-3.35%
EBIT growth 5Y-4.23%
EBIT Next Year9.95%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-26.78%
FCF growth 3Y-18.25%
FCF growth 5Y-2.94%
OCF growth 1Y-26.78%
OCF growth 3Y-18.25%
OCF growth 5Y-2.94%

MORGUARD REIT / MRT-DB-A.CA Fundamental Analysis FAQ

What is the fundamental rating for MRT-DB-A stock?

ChartMill assigns a fundamental rating of 2 / 10 to MRT-DB-A.CA.


Can you provide the valuation status for MORGUARD REIT?

ChartMill assigns a valuation rating of 2 / 10 to MORGUARD REIT (MRT-DB-A.CA). This can be considered as Overvalued.


What is the profitability of MRT-DB-A stock?

MORGUARD REIT (MRT-DB-A.CA) has a profitability rating of 2 / 10.


How financially healthy is MORGUARD REIT?

The financial health rating of MORGUARD REIT (MRT-DB-A.CA) is 2 / 10.


How sustainable is the dividend of MORGUARD REIT (MRT-DB-A.CA) stock?

The dividend rating of MORGUARD REIT (MRT-DB-A.CA) is 3 / 10 and the dividend payout ratio is -22.82%.