PRIMARIS REIT (PMZ-UN.CA) Stock Fundamental Analysis
Canada - TSX:PMZ-UN - CA74167K1093 - REIT
15.07 CAD
-0.02 (-0.13%)
Taking everything into account, PMZ-UN scores 5 out of 10 in our fundamental rating. PMZ-UN was compared to 38 industry peers in the Diversified REITs industry. While PMZ-UN is still in line with the averages on profitability rating, there are concerns on its financial health. PMZ-UN has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination!
1. Profitability
1.1 Basic Checks
PMZ-UN had positive earnings in the past year.
In the past year PMZ-UN had a positive cash flow from operations.
In multiple years PMZ-UN reported negative net income over the last 5 years.
Of the past 5 years PMZ-UN 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.94%, PMZ-UN is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
The Return On Equity of PMZ-UN (6.16%) is better than 73.68% of its industry peers.
With an excellent Return On Invested Capital value of 4.89%, PMZ-UN belongs to the best of the industry, outperforming 86.84% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PMZ-UN is in line with the industry average of 5.46%.
The last Return On Invested Capital (4.89%) for PMZ-UN is above the 3 year average (4.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.94% | ||
| ROE | 6.16% | ||
| ROIC | 4.89% |
ROA(3y)1.37%
ROA(5y)-2.46%
ROE(3y)2.65%
ROE(5y)-6.77%
ROIC(3y)4.04%
ROIC(5y)4.06%
1.3 Margins
PMZ-UN's Profit Margin of 23.96% is fine compared to the rest of the industry. PMZ-UN outperforms 68.42% of its industry peers.
PMZ-UN's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 54.06%, PMZ-UN is in line with its industry, outperforming 57.89% of the companies in the same industry.
In the last couple of years the Operating Margin of PMZ-UN has declined.
Looking at the Gross Margin, with a value of 56.53%, PMZ-UN is in line with its industry, outperforming 47.37% of the companies in the same industry.
PMZ-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.06% | ||
| PM (TTM) | 23.96% | ||
| GM | 56.53% |
OM growth 3Y-2.72%
OM growth 5YN/A
PM growth 3Y-51.36%
PM growth 5YN/A
GM growth 3Y0.31%
GM growth 5YN/A
2. Health
2.1 Basic Checks
PMZ-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for PMZ-UN has been increased compared to 1 year ago.
Compared to 1 year ago, PMZ-UN has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of PMZ-UN is 12.06, which is on the high side as it means it would take PMZ-UN, 12.06 years of fcf income to pay off all of its debts.
PMZ-UN's Debt to FCF ratio of 12.06 is fine compared to the rest of the industry. PMZ-UN outperforms 78.95% of its industry peers.
A Debt/Equity ratio of 1.04 is on the high side and indicates that PMZ-UN has dependencies on debt financing.
With a decent Debt to Equity ratio value of 1.04, PMZ-UN is doing good in the industry, outperforming 63.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 12.06 | ||
| Altman-Z | N/A |
ROIC/WACC0.83
WACC5.89%
2.3 Liquidity
PMZ-UN has a Current Ratio of 0.06. This is a bad value and indicates that PMZ-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
PMZ-UN has a worse Current ratio (0.06) than 84.21% of its industry peers.
PMZ-UN has a Quick Ratio of 0.06. This is a bad value and indicates that PMZ-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
PMZ-UN has a worse Quick ratio (0.06) than 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 |
3. Growth
3.1 Past
PMZ-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 77.80%, which is quite impressive.
PMZ-UN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -39.76% yearly.
The Revenue has grown by 27.67% in the past year. This is a very strong growth!
PMZ-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 26.51% yearly.
EPS 1Y (TTM)77.8%
EPS 3Y-39.76%
EPS 5YN/A
EPS Q2Q%208.69%
Revenue 1Y (TTM)27.67%
Revenue growth 3Y26.51%
Revenue growth 5YN/A
Sales Q2Q%33.17%
3.2 Future
The Earnings Per Share is expected to grow by 33.01% on average over the next years. This is a very strong growth
PMZ-UN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.27% yearly.
EPS Next Y92.67%
EPS Next 2Y48.39%
EPS Next 3Y33.01%
EPS Next 5YN/A
Revenue Next Year27.09%
Revenue Next 2Y19.32%
Revenue Next 3Y13.27%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.77 indicates a correct valuation of PMZ-UN.
Compared to the rest of the industry, the Price/Earnings ratio of PMZ-UN indicates a rather cheap valuation: PMZ-UN is cheaper than 81.58% of the companies listed in the same industry.
PMZ-UN is valuated cheaply when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.33, the valuation of PMZ-UN can be described as very reasonable.
89.47% of the companies in the same industry are more expensive than PMZ-UN, based on the Price/Forward Earnings ratio.
PMZ-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.77 | ||
| Fwd PE | 9.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PMZ-UN is valued cheaply inside the industry as 92.11% of the companies are valued more expensively.
PMZ-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PMZ-UN is cheaper than 71.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.72 | ||
| EV/EBITDA | 12.78 |
4.3 Compensation for Growth
PMZ-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PMZ-UN's earnings are expected to grow with 33.01% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y48.39%
EPS Next 3Y33.01%
5. Dividend
5.1 Amount
PMZ-UN has a Yearly Dividend Yield of 6.34%, which is a nice return.
Compared to an average industry Dividend Yield of 7.95, PMZ-UN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.42, PMZ-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
5.2 History
PMZ-UN has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
60.42% of the earnings are spent on dividend by PMZ-UN. This is not a sustainable payout ratio.
DP60.42%
EPS Next 2Y48.39%
EPS Next 3Y33.01%
TSX:PMZ-UN (11/14/2025, 7:00:00 PM)
15.07
-0.02 (-0.13%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners64.17%
Inst Owner ChangeN/A
Ins Owners0.65%
Ins Owner ChangeN/A
Market Cap1.76B
Revenue(TTM)603.33M
Net Income(TTM)144.57M
Analysts78.33
Price Target18.32 (21.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
Yearly Dividend0.83
Dividend Growth(5Y)N/A
DP60.42%
Div Incr Years2
Div Non Decr Years2
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)1.21%
PT rev (3m)-0.03%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.41%
EPS NY rev (3m)-1.44%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.86%
Revenue NY rev (3m)1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.77 | ||
| Fwd PE | 9.33 | ||
| P/S | 2.93 | ||
| P/FCF | 8.72 | ||
| P/OCF | 8.7 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 12.78 |
EPS(TTM)1.18
EY7.83%
EPS(NY)1.62
Fwd EY10.72%
FCF(TTM)1.73
FCFY11.46%
OCF(TTM)1.73
OCFY11.49%
SpS5.15
BVpS20.03
TBVpS20.03
PEG (NY)0.14
PEG (5Y)N/A
Graham Number23.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.94% | ||
| ROE | 6.16% | ||
| ROCE | 6.79% | ||
| ROIC | 4.89% | ||
| ROICexc | 4.89% | ||
| ROICexgc | 4.89% | ||
| OM | 54.06% | ||
| PM (TTM) | 23.96% | ||
| GM | 56.53% | ||
| FCFM | 33.53% |
ROA(3y)1.37%
ROA(5y)-2.46%
ROE(3y)2.65%
ROE(5y)-6.77%
ROIC(3y)4.04%
ROIC(5y)4.06%
ROICexc(3y)4.06%
ROICexc(5y)4.09%
ROICexgc(3y)4.1%
ROICexgc(5y)4.11%
ROCE(3y)5.61%
ROCE(5y)5.7%
ROICexgc growth 3Y13.07%
ROICexgc growth 5YN/A
ROICexc growth 3Y12.15%
ROICexc growth 5YN/A
OM growth 3Y-2.72%
OM growth 5YN/A
PM growth 3Y-51.36%
PM growth 5YN/A
GM growth 3Y0.31%
GM growth 5YN/A
F-Score6
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 12.06 | ||
| Debt/EBITDA | 7.43 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.7 | ||
| Cash Conversion | 61.8% | ||
| Profit Quality | 139.94% | ||
| Current Ratio | 0.06 | ||
| Quick Ratio | 0.06 | ||
| Altman-Z | N/A |
F-Score6
WACC5.89%
ROIC/WACC0.83
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)77.8%
EPS 3Y-39.76%
EPS 5YN/A
EPS Q2Q%208.69%
EPS Next Y92.67%
EPS Next 2Y48.39%
EPS Next 3Y33.01%
EPS Next 5YN/A
Revenue 1Y (TTM)27.67%
Revenue growth 3Y26.51%
Revenue growth 5YN/A
Sales Q2Q%33.17%
Revenue Next Year27.09%
Revenue Next 2Y19.32%
Revenue Next 3Y13.27%
Revenue Next 5YN/A
EBIT growth 1Y57.06%
EBIT growth 3Y23.07%
EBIT growth 5YN/A
EBIT Next Year34.2%
EBIT Next 3Y13.49%
EBIT Next 5YN/A
FCF growth 1Y19.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.21%
OCF growth 3YN/A
OCF growth 5YN/A
PRIMARIS REIT / PMZ-UN.CA FAQ
What is the ChartMill fundamental rating of PRIMARIS REIT (PMZ-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to PMZ-UN.CA.
Can you provide the valuation status for PRIMARIS REIT?
ChartMill assigns a valuation rating of 8 / 10 to PRIMARIS REIT (PMZ-UN.CA). This can be considered as Undervalued.
What is the profitability of PMZ-UN stock?
PRIMARIS REIT (PMZ-UN.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of PRIMARIS REIT (PMZ-UN.CA) stock?
The Price/Earnings (PE) ratio for PRIMARIS REIT (PMZ-UN.CA) is 12.77 and the Price/Book (PB) ratio is 0.75.
What is the expected EPS growth for PRIMARIS REIT (PMZ-UN.CA) stock?
The Earnings per Share (EPS) of PRIMARIS REIT (PMZ-UN.CA) is expected to grow by 92.67% in the next year.