SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SGR-UN - CA8310622037 - REIT
15.61 CAD
-0.11 (-0.7%)
SGR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. While SGR-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. SGR-UN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year SGR-UN was profitable.
- SGR-UN had a positive operating cash flow in the past year.
- In the past 5 years SGR-UN has always been profitable.
- In the past 5 years SGR-UN always reported a positive cash flow from operatings.
1.2 Ratios
- SGR-UN has a better Return On Assets (1.88%) than 60.53% of its industry peers.
- SGR-UN has a Return On Equity of 6.40%. This is in the better half of the industry: SGR-UN outperforms 76.32% of its industry peers.
- The Return On Invested Capital of SGR-UN (4.26%) is better than 63.16% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SGR-UN is in line with the industry average of 5.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.88% | ||
| ROE | 6.4% | ||
| ROIC | 4.26% |
ROA(3y)2.67%
ROA(5y)3.23%
ROE(3y)8.39%
ROE(5y)9.68%
ROIC(3y)4.28%
ROIC(5y)4.25%
1.3 Margins
- SGR-UN has a better Profit Margin (19.99%) than 60.53% of its industry peers.
- SGR-UN's Profit Margin has been stable in the last couple of years.
- SGR-UN's Operating Margin of 61.31% is amongst the best of the industry. SGR-UN outperforms 84.21% of its industry peers.
- SGR-UN's Operating Margin has been stable in the last couple of years.
- SGR-UN has a better Gross Margin (69.13%) than 68.42% of its industry peers.
- In the last couple of years the Gross Margin of SGR-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.31% | ||
| PM (TTM) | 19.99% | ||
| GM | 69.13% |
OM growth 3Y-2.08%
OM growth 5Y-0.65%
PM growth 3Y-33.71%
PM growth 5Y-0.33%
GM growth 3Y-1.79%
GM growth 5Y-0.54%
2. Health
2.1 Basic Checks
- The number of shares outstanding for SGR-UN remains at a similar level compared to 1 year ago.
- The number of shares outstanding for SGR-UN has been increased compared to 5 years ago.
- Compared to 1 year ago, SGR-UN has a worse debt to assets ratio.
2.2 Solvency
- SGR-UN has an Altman-Z score of 0.58. This is a bad value and indicates that SGR-UN is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of SGR-UN (0.58) is better than 60.53% of its industry peers.
- SGR-UN has a debt to FCF ratio of 17.70. This is a negative value and a sign of low solvency as SGR-UN would need 17.70 years to pay back of all of its debts.
- SGR-UN has a Debt to FCF ratio (17.70) which is comparable to the rest of the industry.
- SGR-UN has a Debt/Equity ratio of 1.80. This is a high value indicating a heavy dependency on external financing.
- SGR-UN's Debt to Equity ratio of 1.80 is on the low side compared to the rest of the industry. SGR-UN is outperformed by 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.8 | ||
| Debt/FCF | 17.7 | ||
| Altman-Z | 0.58 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.85 indicates that SGR-UN may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.85, SGR-UN belongs to the top of the industry, outperforming 86.84% of the companies in the same industry.
- A Quick Ratio of 0.85 indicates that SGR-UN may have some problems paying its short term obligations.
- SGR-UN has a better Quick ratio (0.85) than 86.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 42.42% over the past year.
- The Earnings Per Share has been growing slightly by 1.12% on average over the past years.
- SGR-UN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.04%.
- The Revenue has been growing by 8.16% on average over the past years. This is quite good.
EPS 1Y (TTM)42.42%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%78.51%
Revenue 1Y (TTM)2.04%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%1.89%
3.2 Future
- Based on estimates for the next years, SGR-UN will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.79% on average per year.
- The Revenue is expected to grow by 2.13% on average over the next years.
EPS Next Y13.33%
EPS Next 2Y14.89%
EPS Next 3Y10.79%
EPS Next 5YN/A
Revenue Next Year-0.11%
Revenue Next 2Y2.21%
Revenue Next 3Y2.13%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- SGR-UN is valuated correctly with a Price/Earnings ratio of 16.43.
- Based on the Price/Earnings ratio, SGR-UN is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 28.39, SGR-UN is valued a bit cheaper.
- A Price/Forward Earnings ratio of 11.51 indicates a reasonable valuation of SGR-UN.
- Based on the Price/Forward Earnings ratio, SGR-UN is valued cheaper than 84.21% of the companies in the same industry.
- SGR-UN is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.43 | ||
| Fwd PE | 11.51 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, SGR-UN is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.07 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- SGR-UN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of SGR-UN may justify a higher PE ratio.
PEG (NY)1.23
PEG (5Y)14.65
EPS Next 2Y14.89%
EPS Next 3Y10.79%
5. Dividend
5.1 Amount
- SGR-UN has a Yearly Dividend Yield of 9.00%, which is a nice return.
- Compared to an average industry Dividend Yield of 7.11, SGR-UN pays a bit more dividend than its industry peers.
- SGR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
5.2 History
- The dividend of SGR-UN decreases each year by -0.01%.
- SGR-UN has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of SGR-UN decreased in the last 3 years.
Dividend Growth(5Y)-0.01%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
- 120.67% of the earnings are spent on dividend by SGR-UN. This is not a sustainable payout ratio.
DP120.67%
EPS Next 2Y14.89%
EPS Next 3Y10.79%
SLATE GROCERY REIT-CL U / SGR-UN.CA FAQ
Can you provide the ChartMill fundamental rating for SLATE GROCERY REIT-CL U?
ChartMill assigns a fundamental rating of 5 / 10 to SGR-UN.CA.
What is the valuation status of SLATE GROCERY REIT-CL U (SGR-UN.CA) stock?
ChartMill assigns a valuation rating of 6 / 10 to SLATE GROCERY REIT-CL U (SGR-UN.CA). This can be considered as Fairly Valued.
How profitable is SLATE GROCERY REIT-CL U (SGR-UN.CA) stock?
SLATE GROCERY REIT-CL U (SGR-UN.CA) has a profitability rating of 7 / 10.
What is the valuation of SLATE GROCERY REIT-CL U based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SLATE GROCERY REIT-CL U (SGR-UN.CA) is 16.43 and the Price/Book (PB) ratio is 1.03.
How financially healthy is SLATE GROCERY REIT-CL U?
The financial health rating of SLATE GROCERY REIT-CL U (SGR-UN.CA) is 3 / 10.