PRIMARIS REIT (PMZ-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PMZ-UN - CA74167K1093 - REIT
15.57 CAD
+0.02 (+0.13%)
Overall PMZ-UN gets a fundamental rating of 5 out of 10. We evaluated PMZ-UN against 37 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
With a decent Return On Assets value of 2.94%, PMZ-UN is doing good in the industry, outperforming 72.97% of the companies in the same industry.
With a decent Return On Equity value of 6.16%, PMZ-UN is doing good in the industry, outperforming 72.97% of the companies in the same industry.
The Return On Invested Capital of PMZ-UN (4.89%) is better than 86.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PMZ-UN is in line with the industry average of 5.53%.
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 64.86% of its industry peers.
PMZ-UN's Profit Margin has declined in the last couple of years.
The Operating Margin of PMZ-UN (54.06%) is comparable to the rest of the industry.
PMZ-UN's Operating Margin has declined in the last couple of years.
PMZ-UN's Gross Margin of 56.53% is in line compared to the rest of the industry. PMZ-UN outperforms 48.65% of its industry peers.
In the last couple of years the Gross Margin of PMZ-UN has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PMZ-UN is destroying value.
The number of shares outstanding for PMZ-UN has been increased compared to 1 year ago.
PMZ-UN has a worse debt/assets ratio than last year.
2.2 Solvency
PMZ-UN has a debt to FCF ratio of 12.06. This is a negative value and a sign of low solvency as PMZ-UN would need 12.06 years to pay back of all of its debts.
PMZ-UN has a Debt to FCF ratio of 12.06. This is in the better half of the industry: PMZ-UN outperforms 78.38% 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.
Looking at the Debt to Equity ratio, with a value of 1.04, PMZ-UN is in line with its industry, outperforming 59.46% 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
WACC5.9%
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.
The Current ratio of PMZ-UN (0.06) is worse than 83.78% of its industry peers.
A Quick Ratio of 0.06 indicates that PMZ-UN may have some problems paying its short term obligations.
With a Quick ratio value of 0.06, PMZ-UN is not doing good in the industry: 83.78% of the companies in the same industry are doing better.
| 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!
Measured over the past years, PMZ-UN shows a very strong growth in Revenue. The Revenue has been growing by 26.51% on average per year.
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
The Revenue is expected to grow by 15.00% on average over the next years. This is quite good.
EPS Next Y92.67%
EPS Next 2Y48.39%
EPS Next 3Y33.01%
EPS Next 5YN/A
Revenue Next Year29.03%
Revenue Next 2Y21.08%
Revenue Next 3Y15%
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.19, which 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 81.08% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.77. PMZ-UN is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 9.63, which indicates a very decent valuation of PMZ-UN.
Based on the Price/Forward Earnings ratio, PMZ-UN is valued cheaply inside the industry as 91.89% of the companies are valued more expensively.
PMZ-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 9.63 |
4.2 Price Multiples
91.89% of the companies in the same industry are more expensive than PMZ-UN, based on the Enterprise Value to EBITDA ratio.
PMZ-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PMZ-UN is cheaper than 78.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.11 | ||
| EV/EBITDA | 13.02 |
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 7.06, PMZ-UN has a dividend in line with its industry peers.
PMZ-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| 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
PMZ-UN pays out 60.42% of its income as dividend. This is not a sustainable payout ratio.
DP60.42%
EPS Next 2Y48.39%
EPS Next 3Y33.01%
TSX:PMZ-UN (12/30/2025, 7:00:00 PM)
15.57
+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 Owners58.56%
Inst Owner ChangeN/A
Ins Owners0.58%
Ins Owner ChangeN/A
Market Cap1.84B
Revenue(TTM)603.33M
Net Income(TTM)144.57M
Analysts78.33
Price Target18.77 (20.55%)
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)1.38%
PT rev (3m)2.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.53%
Revenue NY rev (3m)3.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.19 | ||
| Fwd PE | 9.63 | ||
| P/S | 3.06 | ||
| P/FCF | 9.11 | ||
| P/OCF | 9.09 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 13.02 |
EPS(TTM)1.18
EY7.58%
EPS(NY)1.62
Fwd EY10.38%
FCF(TTM)1.71
FCFY10.97%
OCF(TTM)1.71
OCFY11%
SpS5.1
BVpS19.81
TBVpS19.81
PEG (NY)0.14
PEG (5Y)N/A
Graham Number22.93
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
WACC5.9%
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 Year29.03%
Revenue Next 2Y21.08%
Revenue Next 3Y15%
Revenue Next 5YN/A
EBIT growth 1Y57.06%
EBIT growth 3Y23.07%
EBIT growth 5YN/A
EBIT Next Year37.85%
EBIT Next 3Y16.98%
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 5 / 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 13.19 and the Price/Book (PB) ratio is 0.79.
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.