SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
TSX:SGR-UN - Toronto Stock Exchange - CA8310622037 - REIT - Currency: CAD
Overall SGR-UN gets a fundamental rating of 5 out of 10. We evaluated SGR-UN against 38 industry peers in the Diversified REITs industry. SGR-UN scores excellent on profitability, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on SGR-UN.
1. Profitability
1.1 Basic Checks
SGR-UN had positive earnings in the past year.
SGR-UN had a positive operating cash flow in the past year.
In the past 5 years SGR-UN has always been profitable.
SGR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SGR-UN has a Return On Assets of 1.79%. This is in the better half of the industry: SGR-UN outperforms 63.16% of its industry peers.
The Return On Equity of SGR-UN (5.95%) is better than 81.58% of its industry peers.
SGR-UN's Return On Invested Capital of 4.35% is in line compared to the rest of the industry. SGR-UN outperforms 52.63% of its industry peers.
SGR-UN had an Average Return On Invested Capital over the past 3 years of 4.28%. This is in line with the industry average of 5.66%.
The 3 year average ROIC (4.28%) for SGR-UN is below the current ROIC(4.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.79% | ||
| ROE | 5.95% | ||
| ROIC | 4.35% |
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
With a decent Profit Margin value of 19.00%, SGR-UN is doing good in the industry, outperforming 60.53% of the companies in the same industry.
In the last couple of years the Profit Margin of SGR-UN has remained more or less at the same level.
SGR-UN has a Operating Margin of 61.36%. This is in the better half of the industry: SGR-UN outperforms 76.32% of its industry peers.
SGR-UN's Operating Margin has been stable in the last couple of years.
SGR-UN's Gross Margin of 69.04% is fine compared to the rest of the industry. SGR-UN outperforms 68.42% of its industry peers.
SGR-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.36% | ||
| PM (TTM) | 19% | ||
| GM | 69.04% |
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
SGR-UN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, SGR-UN has more shares outstanding
The debt/assets ratio for SGR-UN is higher compared to a year ago.
2.2 Solvency
SGR-UN has an Altman-Z score of 0.55. This is a bad value and indicates that SGR-UN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.55, SGR-UN is in line with its industry, outperforming 55.26% of the companies in the same industry.
The Debt to FCF ratio of SGR-UN is 15.90, which is on the high side as it means it would take SGR-UN, 15.90 years of fcf income to pay off all of its debts.
SGR-UN has a Debt to FCF ratio of 15.90. This is comparable to the rest of the industry: SGR-UN outperforms 57.89% of its industry peers.
SGR-UN has a Debt/Equity ratio of 1.68. This is a high value indicating a heavy dependency on external financing.
SGR-UN has a Debt to Equity ratio of 1.68. This is in the lower half of the industry: SGR-UN underperforms 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | 15.9 | ||
| Altman-Z | 0.55 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.55 indicates that SGR-UN may have some problems paying its short term obligations.
SGR-UN has a Current ratio of 0.55. This is amongst the best in the industry. SGR-UN outperforms 81.58% of its industry peers.
A Quick Ratio of 0.55 indicates that SGR-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.55, SGR-UN belongs to the top of the industry, outperforming 86.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.37% over the past year.
The Earnings Per Share has been growing slightly by 1.12% on average over the past years.
Looking at the last year, SGR-UN shows a small growth in Revenue. The Revenue has grown by 2.88% in the last year.
SGR-UN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.16% yearly.
EPS 1Y (TTM)5.37%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%13.17%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%2.22%
3.2 Future
SGR-UN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.20% yearly.
Based on estimates for the next years, SGR-UN will show a small growth in Revenue. The Revenue will grow by 2.87% on average per year.
EPS Next Y44%
EPS Next 2Y22.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.88%
Revenue Next 2Y2.87%
Revenue Next 3YN/A
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
Based on the Price/Earnings ratio of 16.01, the valuation of SGR-UN can be described as correct.
Based on the Price/Earnings ratio, SGR-UN is valued a bit cheaper than 76.32% of the companies in the same industry.
SGR-UN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.48, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.36 indicates a reasonable valuation of SGR-UN.
Based on the Price/Forward Earnings ratio, SGR-UN is valued cheaply inside the industry as 92.11% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.52, SGR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 9.36 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, SGR-UN is valued a bit cheaper than 68.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.5 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SGR-UN has a very decent profitability rating, which may justify a higher PE ratio.
SGR-UN's earnings are expected to grow with 22.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.36
PEG (5Y)14.28
EPS Next 2Y22.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.00%, SGR-UN is a good candidate for dividend investing.
SGR-UN's Dividend Yield is a higher than the industry average which is at 7.95.
Compared to an average S&P500 Dividend Yield of 2.34, SGR-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
5.2 History
The dividend of SGR-UN decreases each year by -0.01%.
SGR-UN has been paying a dividend for at least 10 years, so it has 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
127.32% of the earnings are spent on dividend by SGR-UN. This is not a sustainable payout ratio.
DP127.32%
EPS Next 2Y22.2%
EPS Next 3YN/A
TSX:SGR-UN (7/17/2025, 7:00:00 PM)
14.57
+0.03 (+0.21%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners12.97%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap859.78M
Analysts71.11
Price Target11.22 (-22.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.18
Dividend Growth(5Y)-0.01%
DP127.32%
Div Incr Years1
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)1.85%
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)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.01 | ||
| Fwd PE | 9.36 | ||
| P/S | 2.97 | ||
| P/FCF | 8.5 | ||
| P/OCF | 8.5 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.91
EY6.25%
EPS(NY)1.56
Fwd EY10.69%
FCF(TTM)1.72
FCFY11.77%
OCF(TTM)1.72
OCFY11.77%
SpS4.9
BVpS15.65
TBVpS15.65
PEG (NY)0.36
PEG (5Y)14.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.79% | ||
| ROE | 5.95% | ||
| ROCE | 6.04% | ||
| ROIC | 4.35% | ||
| ROICexc | 4.4% | ||
| ROICexgc | 4.4% | ||
| OM | 61.36% | ||
| PM (TTM) | 19% | ||
| GM | 69.04% | ||
| FCFM | 34.97% |
ROA(3y)2.67%
ROA(5y)3.23%
ROE(3y)8.39%
ROE(5y)9.68%
ROIC(3y)4.28%
ROIC(5y)4.25%
ROICexc(3y)4.33%
ROICexc(5y)4.28%
ROICexgc(3y)4.33%
ROICexgc(5y)4.28%
ROCE(3y)5.95%
ROCE(5y)5.9%
ROICexcg growth 3Y3.98%
ROICexcg growth 5Y-3.9%
ROICexc growth 3Y3.98%
ROICexc growth 5Y-3.9%
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%
F-Score7
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | 15.9 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 184.07% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 0.55 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)246.45%
Profit Quality(5y)178.48%
High Growth Momentum
Growth
EPS 1Y (TTM)5.37%
EPS 3Y-27.72%
EPS 5Y1.12%
EPS Q2Q%13.17%
EPS Next Y44%
EPS Next 2Y22.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.88%
Revenue growth 3Y14.78%
Revenue growth 5Y8.16%
Sales Q2Q%2.22%
Revenue Next Year2.88%
Revenue Next 2Y2.87%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.16%
EBIT growth 3Y12.39%
EBIT growth 5Y7.45%
EBIT Next Year-13.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y27%
FCF growth 3Y11.79%
FCF growth 5Y9.8%
OCF growth 1Y27%
OCF growth 3Y11.79%
OCF growth 5Y9.8%