PRIMARIS REIT (PMZ-UN.CA) Fundamental Analysis & Valuation
TSX:PMZ-UN • CA74167K1093
Current stock price
18.42 CAD
+0.34 (+1.88%)
Last:
This PMZ-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. PMZ-UN.CA Profitability Analysis
1.1 Basic Checks
- In the past year PMZ-UN was profitable.
- In the past year PMZ-UN had a positive cash flow from operations.
- Of the past 5 years PMZ-UN 4 years were profitable.
- PMZ-UN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 3.47%, PMZ-UN belongs to the best of the industry, outperforming 84.85% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 7.23%, PMZ-UN belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
- PMZ-UN has a better Return On Invested Capital (4.79%) than 69.70% 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 5.67%.
- The last Return On Invested Capital (4.79%) for PMZ-UN is above the 3 year average (4.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 7.23% | ||
| ROIC | 4.79% |
ROA(3y)2.65%
ROA(5y)3.61%
ROE(3y)5.26%
ROE(5y)6.15%
ROIC(3y)4.23%
ROIC(5y)3.97%
1.3 Margins
- PMZ-UN has a better Profit Margin (28.25%) than 72.73% of its industry peers.
- PMZ-UN has a Operating Margin (52.92%) which is comparable to the rest of the industry.
- PMZ-UN's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 56.71%, PMZ-UN perfoms like the industry average, outperforming 42.42% of the companies in the same industry.
- In the last couple of years the Gross Margin of PMZ-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.92% | ||
| PM (TTM) | 28.25% | ||
| GM | 56.71% |
OM growth 3Y3.07%
OM growth 5Y3.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.58%
GM growth 5Y3.59%
2. PMZ-UN.CA Health Analysis
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.
- Compared to 5 years ago, PMZ-UN has more shares outstanding
- Compared to 1 year ago, PMZ-UN has a worse debt to assets ratio.
2.2 Solvency
- PMZ-UN has a debt to FCF ratio of 11.48. This is a negative value and a sign of low solvency as PMZ-UN would need 11.48 years to pay back of all of its debts.
- PMZ-UN's Debt to FCF ratio of 11.48 is fine compared to the rest of the industry. PMZ-UN outperforms 66.67% of its industry peers.
- PMZ-UN has a Debt/Equity ratio of 1.02. This is a high value indicating a heavy dependency on external financing.
- PMZ-UN has a Debt to Equity ratio (1.02) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 11.48 | ||
| Altman-Z | N/A |
ROIC/WACC0.78
WACC6.13%
2.3 Liquidity
- A Current Ratio of 0.26 indicates that PMZ-UN may have some problems paying its short term obligations.
- PMZ-UN has a Current ratio (0.26) which is comparable to the rest of the industry.
- PMZ-UN has a Quick Ratio of 0.26. 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 Quick ratio of 0.26. This is in the better half of the industry: PMZ-UN outperforms 60.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
3. PMZ-UN.CA Growth Analysis
3.1 Past
- PMZ-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 96.34%, which is quite impressive.
- PMZ-UN shows a strong growth in Revenue. In the last year, the Revenue has grown by 29.20%.
- Measured over the past years, PMZ-UN shows a quite strong growth in Revenue. The Revenue has been growing by 19.13% on average per year.
EPS 1Y (TTM)96.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%124.23%
Revenue 1Y (TTM)29.2%
Revenue growth 3Y19.49%
Revenue growth 5Y19.13%
Sales Q2Q%31.53%
3.2 Future
- Based on estimates for the next years, PMZ-UN will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.16% on average per year.
- PMZ-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.37% yearly.
EPS Next Y14.29%
EPS Next 2Y11.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year12.83%
Revenue Next 2Y8.6%
Revenue Next 3Y2.37%
Revenue Next 5YN/A
3.3 Evolution
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. PMZ-UN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 12.88, PMZ-UN is valued correctly.
- Based on the Price/Earnings ratio, PMZ-UN is valued a bit cheaper than 75.76% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.78, PMZ-UN is valued rather cheaply.
- PMZ-UN is valuated reasonably with a Price/Forward Earnings ratio of 11.40.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PMZ-UN indicates a rather cheap valuation: PMZ-UN is cheaper than 87.88% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, PMZ-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.88 | ||
| Fwd PE | 11.4 |
4.2 Price Multiples
- 90.91% of the companies in the same industry are more expensive than PMZ-UN, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, PMZ-UN is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.65 | ||
| EV/EBITDA | 13.67 |
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.
- The decent profitability rating of PMZ-UN may justify a higher PE ratio.
PEG (NY)0.9
PEG (5Y)N/A
EPS Next 2Y11.16%
EPS Next 3YN/A
5. PMZ-UN.CA Dividend Analysis
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 6.41, 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 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
5.2 History
- PMZ-UN has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- PMZ-UN pays out 49.84% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.84%
EPS Next 2Y11.16%
EPS Next 3YN/A
PMZ-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:PMZ-UN (4/10/2026, 7:00:00 PM)
18.42
+0.34 (+1.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-11 2026-02-11
Earnings (Next)04-29 2026-04-29
Inst Owners60.39%
Inst Owner ChangeN/A
Ins Owners0.58%
Ins Owner ChangeN/A
Market Cap2.17B
Revenue(TTM)648.47M
Net Income(TTM)183.19M
Analysts80
Price Target20.17 (9.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
Yearly Dividend0.84
Dividend Growth(5Y)N/A
DP49.84%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-30 2026-04-30 (0.07333)
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)1.42%
PT rev (3m)7.45%
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)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.88 | ||
| Fwd PE | 11.4 | ||
| P/S | 3.35 | ||
| P/FCF | 9.65 | ||
| P/OCF | 9.62 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 13.67 |
EPS(TTM)1.43
EY7.76%
EPS(NY)1.62
Fwd EY8.77%
FCF(TTM)1.91
FCFY10.37%
OCF(TTM)1.92
OCFY10.4%
SpS5.5
BVpS21.49
TBVpS21.49
PEG (NY)0.9
PEG (5Y)N/A
Graham Number26.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.47% | ||
| ROE | 7.23% | ||
| ROCE | 6.66% | ||
| ROIC | 4.79% | ||
| ROICexc | 4.83% | ||
| ROICexgc | 4.83% | ||
| OM | 52.92% | ||
| PM (TTM) | 28.25% | ||
| GM | 56.71% | ||
| FCFM | 34.71% |
ROA(3y)2.65%
ROA(5y)3.61%
ROE(3y)5.26%
ROE(5y)6.15%
ROIC(3y)4.23%
ROIC(5y)3.97%
ROICexc(3y)4.26%
ROICexc(5y)3.99%
ROICexgc(3y)4.29%
ROICexgc(5y)4.01%
ROCE(3y)5.87%
ROCE(5y)5.57%
ROICexgc growth 3Y4.33%
ROICexgc growth 5Y-1.88%
ROICexc growth 3Y4.33%
ROICexc growth 5Y-1.88%
OM growth 3Y3.07%
OM growth 5Y3.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.58%
GM growth 5Y3.59%
F-Score7
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 11.48 | ||
| Debt/EBITDA | 7.49 | ||
| Cap/Depr | 31.7% | ||
| Cap/Sales | 0.1% | ||
| Interest Coverage | 2.66 | ||
| Cash Conversion | 65.38% | ||
| Profit Quality | 122.86% | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | N/A |
F-Score7
WACC6.13%
ROIC/WACC0.78
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)165.88%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)96.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%124.23%
EPS Next Y14.29%
EPS Next 2Y11.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)29.2%
Revenue growth 3Y19.49%
Revenue growth 5Y19.13%
Sales Q2Q%31.53%
Revenue Next Year12.83%
Revenue Next 2Y8.6%
Revenue Next 3Y2.37%
Revenue Next 5YN/A
EBIT growth 1Y43.75%
EBIT growth 3Y23.17%
EBIT growth 5Y23.68%
EBIT Next Year7.85%
EBIT Next 3Y4.92%
EBIT Next 5YN/A
FCF growth 1Y33.71%
FCF growth 3Y11.27%
FCF growth 5Y-4.19%
OCF growth 1Y34.11%
OCF growth 3Y11.17%
OCF growth 5Y-4.14%
PRIMARIS REIT / PMZ-UN.CA Fundamental Analysis 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.
What is the valuation status for PMZ-UN stock?
ChartMill assigns a valuation rating of 7 / 10 to PRIMARIS REIT (PMZ-UN.CA). This can be considered as Undervalued.
How profitable is PRIMARIS REIT (PMZ-UN.CA) stock?
PRIMARIS REIT (PMZ-UN.CA) has a profitability rating of 7 / 10.
What is the valuation of PRIMARIS REIT based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PRIMARIS REIT (PMZ-UN.CA) is 12.88 and the Price/Book (PB) ratio is 0.86.
Can you provide the dividend sustainability for PMZ-UN stock?
The dividend rating of PRIMARIS REIT (PMZ-UN.CA) is 5 / 10 and the dividend payout ratio is 49.84%.