PRIMARIS REIT (PMZ-UN.CA) Stock Fundamental Analysis
Canada - TSX:PMZ-UN - CA74167K1093 - REIT
15.38 CAD
+0.07 (+0.46%)
Taking everything into account, PMZ-UN scores 4 out of 10 in our fundamental rating. PMZ-UN was compared to 37 industry peers in the Diversified REITs industry. PMZ-UN has a medium profitability rating, but doesn't score so well on its financial health evaluation. PMZ-UN is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
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.
In multiple years PMZ-UN reported negative net income over the last 5 years.
PMZ-UN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 1.47%, PMZ-UN is doing good in the industry, outperforming 62.16% of the companies in the same industry.
PMZ-UN has a Return On Equity of 3.12%. This is in the better half of the industry: PMZ-UN outperforms 62.16% of its industry peers.
PMZ-UN has a Return On Invested Capital of 4.23%. This is in the better half of the industry: PMZ-UN outperforms 64.86% 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 5.52%.
The last Return On Invested Capital (4.23%) for PMZ-UN is above the 3 year average (4.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.47% | ||
| ROE | 3.12% | ||
| ROIC | 4.23% |
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 has a better Profit Margin (12.93%) than 62.16% of its industry peers.
PMZ-UN's Profit Margin has declined in the last couple of years.
PMZ-UN has a Operating Margin of 50.40%. This is comparable to the rest of the industry: PMZ-UN outperforms 48.65% of its industry peers.
PMZ-UN's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 57.17%, PMZ-UN perfoms like the industry average, outperforming 45.95% of the companies in the same industry.
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 | 50.4% | ||
| PM (TTM) | 12.93% | ||
| GM | 57.17% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PMZ-UN is destroying value.
Compared to 1 year ago, PMZ-UN has more shares outstanding
PMZ-UN has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of PMZ-UN is 12.91, which is on the high side as it means it would take PMZ-UN, 12.91 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 12.91, PMZ-UN is doing good in the industry, outperforming 78.38% of the companies in the same industry.
PMZ-UN has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
With a decent Debt to Equity ratio value of 1.06, PMZ-UN is doing good in the industry, outperforming 62.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 12.91 | ||
| Altman-Z | N/A |
ROIC/WACC0.68
WACC6.24%
2.3 Liquidity
A Current Ratio of 0.05 indicates that PMZ-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.05, PMZ-UN is not doing good in the industry: 86.49% of the companies in the same industry are doing better.
A Quick Ratio of 0.05 indicates that PMZ-UN may have some problems paying its short term obligations.
PMZ-UN has a Quick ratio of 0.05. This is amonst the worse of the industry: PMZ-UN underperforms 86.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
PMZ-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.64%.
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 23.11% 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)-50.64%
EPS 3Y-39.76%
EPS 5YN/A
EPS Q2Q%3.72%
Revenue 1Y (TTM)23.11%
Revenue growth 3Y26.51%
Revenue growth 5YN/A
Sales Q2Q%25.62%
3.2 Future
Based on estimates for the next years, PMZ-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 31.70% on average per year.
Based on estimates for the next years, PMZ-UN will show a quite strong growth in Revenue. The Revenue will grow by 11.56% on average per year.
EPS Next Y95.42%
EPS Next 2Y46.52%
EPS Next 3Y31.7%
EPS Next 5YN/A
Revenue Next Year24.77%
Revenue Next 2Y15.49%
Revenue Next 3Y11.56%
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
PMZ-UN is valuated quite expensively with a Price/Earnings ratio of 26.98.
Based on the Price/Earnings ratio, PMZ-UN is valued a bit cheaper than 62.16% of the companies in the same industry.
PMZ-UN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.86, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.76 indicates a reasonable valuation of PMZ-UN.
PMZ-UN's Price/Forward Earnings ratio is rather cheap when compared to the industry. PMZ-UN is cheaper than 91.89% of the companies in the same industry.
PMZ-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.98 | ||
| Fwd PE | 9.76 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PMZ-UN is valued cheaply inside the industry as 83.78% 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 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.6 | ||
| EV/EBITDA | 14.39 |
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 31.70% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y46.52%
EPS Next 3Y31.7%
5. Dividend
5.1 Amount
PMZ-UN has a Yearly Dividend Yield of 6.34%, which is a nice return.
PMZ-UN's Dividend Yield is comparable with the industry average which is at 7.94.
Compared to an average S&P500 Dividend Yield of 2.41, PMZ-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
5.2 History
PMZ-UN has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
PMZ-UN pays out 115.79% of its income as dividend. This is not a sustainable payout ratio.
DP115.79%
EPS Next 2Y46.52%
EPS Next 3Y31.7%
TSX:PMZ-UN (10/2/2025, 7:00:00 PM)
15.38
+0.07 (+0.46%)
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 Cap1.65B
Analysts76.67
Price Target18.33 (19.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.34% |
Yearly Dividend0.83
Dividend Growth(5Y)N/A
DP115.79%
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)0%
PT rev (3m)2.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.98 | ||
| Fwd PE | 9.76 | ||
| P/S | 2.92 | ||
| P/FCF | 8.6 | ||
| P/OCF | 8.59 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | 14.39 |
EPS(TTM)0.57
EY3.71%
EPS(NY)1.58
Fwd EY10.24%
FCF(TTM)1.79
FCFY11.63%
OCF(TTM)1.79
OCFY11.64%
SpS5.26
BVpS21.77
TBVpS21.77
PEG (NY)0.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.47% | ||
| ROE | 3.12% | ||
| ROCE | 5.88% | ||
| ROIC | 4.23% | ||
| ROICexc | 4.24% | ||
| ROICexgc | 4.24% | ||
| OM | 50.4% | ||
| PM (TTM) | 12.93% | ||
| GM | 57.17% | ||
| FCFM | 33.99% |
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%
ROICexcg growth 3Y13.07%
ROICexcg 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-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 12.91 | ||
| Debt/EBITDA | 8.65 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.71 | ||
| Cash Conversion | 67.06% | ||
| Profit Quality | 262.88% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | N/A |
F-Score5
WACC6.24%
ROIC/WACC0.68
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)-50.64%
EPS 3Y-39.76%
EPS 5YN/A
EPS Q2Q%3.72%
EPS Next Y95.42%
EPS Next 2Y46.52%
EPS Next 3Y31.7%
EPS Next 5YN/A
Revenue 1Y (TTM)23.11%
Revenue growth 3Y26.51%
Revenue growth 5YN/A
Sales Q2Q%25.62%
Revenue Next Year24.77%
Revenue Next 2Y15.49%
Revenue Next 3Y11.56%
Revenue Next 5YN/A
EBIT growth 1Y28.01%
EBIT growth 3Y23.07%
EBIT growth 5YN/A
EBIT Next Year34.2%
EBIT Next 3Y13.49%
EBIT Next 5YN/A
FCF growth 1Y14.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.34%
OCF growth 3YN/A
OCF growth 5YN/A