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PLAZA RETAIL REIT (PLZ-UN.CA) Stock Fundamental Analysis

TSX:PLZ-UN - Toronto Stock Exchange - CA72820F1036 - REIT - Currency: CAD

3.61  +0.01 (+0.28%)

Fundamental Rating

5

Taking everything into account, PLZ-UN scores 5 out of 10 in our fundamental rating. PLZ-UN was compared to 43 industry peers in the Diversified REITs industry. While PLZ-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. PLZ-UN has a decent growth rate and is not valued too expensively. Finally PLZ-UN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

PLZ-UN had positive earnings in the past year.
PLZ-UN had a positive operating cash flow in the past year.
Of the past 5 years PLZ-UN 4 years were profitable.
In the past 5 years PLZ-UN always reported a positive cash flow from operatings.
PLZ-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFPLZ-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M 60M 80M

1.2 Ratios

PLZ-UN has a Return On Assets of 1.05%. This is in the better half of the industry: PLZ-UN outperforms 67.44% of its industry peers.
PLZ-UN has a better Return On Equity (2.41%) than 67.44% of its industry peers.
With a Return On Invested Capital value of 4.46%, PLZ-UN perfoms like the industry average, outperforming 58.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PLZ-UN is in line with the industry average of 5.64%.
The last Return On Invested Capital (4.46%) for PLZ-UN is above the 3 year average (4.30%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.05%
ROE 2.41%
ROIC 4.46%
ROA(3y)4.68%
ROA(5y)3.43%
ROE(3y)11.42%
ROE(5y)8.35%
ROIC(3y)4.3%
ROIC(5y)4.4%
PLZ-UN.CA Yearly ROA, ROE, ROICPLZ-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 10.90%, PLZ-UN is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
In the last couple of years the Profit Margin of PLZ-UN has grown nicely.
PLZ-UN's Operating Margin of 56.05% is fine compared to the rest of the industry. PLZ-UN outperforms 62.79% of its industry peers.
In the last couple of years the Operating Margin of PLZ-UN has remained more or less at the same level.
With an excellent Gross Margin value of 85.71%, PLZ-UN belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
In the last couple of years the Gross Margin of PLZ-UN has grown nicely.
Industry RankSector Rank
OM 56.05%
PM (TTM) 10.9%
GM 85.71%
OM growth 3Y-0.33%
OM growth 5Y1.1%
PM growth 3YN/A
PM growth 5Y8.75%
GM growth 3Y9.81%
GM growth 5Y6.76%
PLZ-UN.CA Yearly Profit, Operating, Gross MarginsPLZ-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60 80

3

2. Health

2.1 Basic Checks

PLZ-UN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PLZ-UN has more shares outstanding
PLZ-UN has a better debt/assets ratio than last year.
PLZ-UN.CA Yearly Shares OutstandingPLZ-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
PLZ-UN.CA Yearly Total Debt VS Total AssetsPLZ-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 0.71, we must say that PLZ-UN is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.71, PLZ-UN perfoms like the industry average, outperforming 58.14% of the companies in the same industry.
The Debt to FCF ratio of PLZ-UN is 16.54, which is on the high side as it means it would take PLZ-UN, 16.54 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PLZ-UN (16.54) is better than 69.77% of its industry peers.
PLZ-UN has a Debt/Equity ratio of 0.98. This is a neutral value indicating PLZ-UN is somewhat dependend on debt financing.
PLZ-UN's Debt to Equity ratio of 0.98 is fine compared to the rest of the industry. PLZ-UN outperforms 60.47% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 16.54
Altman-Z 0.71
ROIC/WACCN/A
WACCN/A
PLZ-UN.CA Yearly LT Debt VS Equity VS FCFPLZ-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.3 Liquidity

A Current Ratio of 0.17 indicates that PLZ-UN may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.17, PLZ-UN is in line with its industry, outperforming 41.86% of the companies in the same industry.
PLZ-UN has a Quick Ratio of 0.17. This is a bad value and indicates that PLZ-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
PLZ-UN has a Quick ratio (0.17) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.17
Quick Ratio 0.17
PLZ-UN.CA Yearly Current Assets VS Current LiabilitesPLZ-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

4

3. Growth

3.1 Past

The earnings per share for PLZ-UN have decreased strongly by -67.18% in the last year.
The Earnings Per Share has been growing by 8.80% on average over the past years. This is quite good.
The Revenue has been growing slightly by 5.78% in the past year.
PLZ-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.86% yearly.
EPS 1Y (TTM)-67.18%
EPS 3YN/A
EPS 5Y8.8%
EPS Q2Q%53.2%
Revenue 1Y (TTM)5.78%
Revenue growth 3Y2.19%
Revenue growth 5Y1.86%
Sales Q2Q%7.51%

3.2 Future

The Earnings Per Share is expected to grow by 7.95% on average over the next years.
PLZ-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.74% yearly.
EPS Next Y-22.58%
EPS Next 2Y10.72%
EPS Next 3Y7.95%
EPS Next 5YN/A
Revenue Next Year6.14%
Revenue Next 2Y4.71%
Revenue Next 3Y4.74%
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 stable.
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.
PLZ-UN.CA Yearly Revenue VS EstimatesPLZ-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
PLZ-UN.CA Yearly EPS VS EstimatesPLZ-UN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 0.4 0.6 0.8

5

4. Valuation

4.1 Price/Earnings Ratio

PLZ-UN is valuated quite expensively with a Price/Earnings ratio of 30.08.
Based on the Price/Earnings ratio, PLZ-UN is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of PLZ-UN to the average of the S&P500 Index (28.12), we can say PLZ-UN is valued inline with the index average.
The Price/Forward Earnings ratio is 9.41, which indicates a very decent valuation of PLZ-UN.
Based on the Price/Forward Earnings ratio, PLZ-UN is valued cheaper than 83.72% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PLZ-UN to the average of the S&P500 Index (94.77), we can say PLZ-UN is valued rather cheaply.
Industry RankSector Rank
PE 30.08
Fwd PE 9.41
PLZ-UN.CA Price Earnings VS Forward Price EarningsPLZ-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 200 400 600

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, PLZ-UN is valued a bit cheaper than the industry average as 69.77% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.91
EV/EBITDA N/A
PLZ-UN.CA Per share dataPLZ-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

PLZ-UN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.42
EPS Next 2Y10.72%
EPS Next 3Y7.95%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.97%, PLZ-UN is a good candidate for dividend investing.
PLZ-UN's Dividend Yield is comparable with the industry average which is at 8.03.
PLZ-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.29.
Industry RankSector Rank
Dividend Yield 6.97%

5.2 History

The dividend of PLZ-UN has a limited annual growth rate of 3.64%.
PLZ-UN has paid a dividend for at least 10 years, which is a reliable track record.
PLZ-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years19
PLZ-UN.CA Yearly Dividends per sharePLZ-UN.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

236.99% of the earnings are spent on dividend by PLZ-UN. This is not a sustainable payout ratio.
PLZ-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP236.99%
EPS Next 2Y10.72%
EPS Next 3Y7.95%
PLZ-UN.CA Yearly Income VS Free CF VS DividendPLZ-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M 40M 60M 80M
PLZ-UN.CA Dividend Payout.PLZ-UN.CA Dividend Payout, showing the Payout Ratio.PLZ-UN.CA Dividend Payout.PayoutRetained Earnings

PLAZA RETAIL REIT

TSX:PLZ-UN (2/7/2025, 7:00:00 PM)

3.61

+0.01 (+0.28%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-07 2024-11-07
Earnings (Next)N/A N/A
Inst Owners0.95%
Inst Owner ChangeN/A
Ins Owners13.26%
Ins Owner ChangeN/A
Market Cap398.51M
Analysts74.29
Price Target4.29 (18.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.97%
Yearly Dividend0.29
Dividend Growth(5Y)3.64%
DP236.99%
Div Incr Years0
Div Non Decr Years19
Ex-Date01-31 2025-01-31 (0.02333)
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)1.04%
PT rev (3m)1.04%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-17.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.54%
Valuation
Industry RankSector Rank
PE 30.08
Fwd PE 9.41
P/S 3.33
P/FCF 9.91
P/OCF 9.91
P/B 0.74
P/tB 0.74
EV/EBITDA N/A
EPS(TTM)0.12
EY3.32%
EPS(NY)0.38
Fwd EY10.63%
FCF(TTM)0.36
FCFY10.09%
OCF(TTM)0.36
OCFY10.09%
SpS1.08
BVpS4.89
TBVpS4.89
PEG (NY)N/A
PEG (5Y)3.42
Profitability
Industry RankSector Rank
ROA 1.05%
ROE 2.41%
ROCE 6.4%
ROIC 4.46%
ROICexc 4.5%
ROICexgc 4.5%
OM 56.05%
PM (TTM) 10.9%
GM 85.71%
FCFM 33.62%
ROA(3y)4.68%
ROA(5y)3.43%
ROE(3y)11.42%
ROE(5y)8.35%
ROIC(3y)4.3%
ROIC(5y)4.4%
ROICexc(3y)4.34%
ROICexc(5y)4.43%
ROICexgc(3y)4.34%
ROICexgc(5y)4.43%
ROCE(3y)6.21%
ROCE(5y)6.31%
ROICexcg growth 3Y-1.63%
ROICexcg growth 5Y0.18%
ROICexc growth 3Y-1.63%
ROICexc growth 5Y0.18%
OM growth 3Y-0.33%
OM growth 5Y1.1%
PM growth 3YN/A
PM growth 5Y8.75%
GM growth 3Y9.81%
GM growth 5Y6.76%
F-Score7
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 16.54
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.58
Cash Conversion N/A
Profit Quality 308.37%
Current Ratio 0.17
Quick Ratio 0.17
Altman-Z 0.71
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)109.76%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-67.18%
EPS 3YN/A
EPS 5Y8.8%
EPS Q2Q%53.2%
EPS Next Y-22.58%
EPS Next 2Y10.72%
EPS Next 3Y7.95%
EPS Next 5YN/A
Revenue 1Y (TTM)5.78%
Revenue growth 3Y2.19%
Revenue growth 5Y1.86%
Sales Q2Q%7.51%
Revenue Next Year6.14%
Revenue Next 2Y4.71%
Revenue Next 3Y4.74%
Revenue Next 5YN/A
EBIT growth 1Y1.17%
EBIT growth 3Y1.85%
EBIT growth 5Y2.99%
EBIT Next Year-2.31%
EBIT Next 3Y1.98%
EBIT Next 5YN/A
FCF growth 1Y1.06%
FCF growth 3Y10.06%
FCF growth 5Y4.7%
OCF growth 1Y1.06%
OCF growth 3Y10.06%
OCF growth 5Y4.7%