SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
TSX:SGR-UN - Toronto Stock Exchange - CA8310622037 - REIT - Currency: CAD
Taking everything into account, SGR-UN scores 5 out of 10 in our fundamental rating. SGR-UN was compared to 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.
In the past year SGR-UN had a positive cash flow from operations.
Each year in the past 5 years SGR-UN has been profitable.
SGR-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SGR-UN has a better Return On Assets (1.78%) than 63.16% of its industry peers.
SGR-UN has a Return On Equity of 5.92%. This is amongst the best in the industry. SGR-UN outperforms 81.58% of its industry peers.
With a Return On Invested Capital value of 4.34%, SGR-UN perfoms like the industry average, outperforming 55.26% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SGR-UN is in line with the industry average of 5.67%.
The last Return On Invested Capital (4.34%) for SGR-UN is above the 3 year average (4.28%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 5.92% | ||
| ROIC | 4.34% |
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 Profit Margin of 18.89%. This is in the better half of the industry: SGR-UN outperforms 60.53% of its industry peers.
In the last couple of years the Profit Margin of SGR-UN has remained more or less at the same level.
SGR-UN's Operating Margin of 61.23% is fine compared to the rest of the industry. SGR-UN outperforms 76.32% of its industry peers.
In the last couple of years the Operating Margin of SGR-UN has remained more or less at the same level.
SGR-UN has a better Gross Margin (69.04%) than 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 | 61.23% | ||
| PM (TTM) | 18.89% | ||
| 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
Compared to 1 year ago, SGR-UN has about the same amount of shares outstanding.
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 0.56. This is a bad value and indicates that SGR-UN is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.56, SGR-UN perfoms like the industry average, outperforming 57.89% of the companies in the same industry.
SGR-UN has a debt to FCF ratio of 15.91. This is a negative value and a sign of low solvency as SGR-UN would need 15.91 years to pay back of all of its debts.
SGR-UN has a Debt to FCF ratio (15.91) which is comparable to the rest of the industry.
SGR-UN has a Debt/Equity ratio of 1.68. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.68, SGR-UN is doing worse than 78.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | 15.91 | ||
| Altman-Z | 0.56 |
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.
The Current ratio of SGR-UN (0.55) is better than 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.
SGR-UN has a Quick ratio of 0.55. This is amongst the best in the industry. SGR-UN outperforms 86.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 |
3. Growth
3.1 Past
SGR-UN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.14%.
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 2.88%.
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)5.14%
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
Based on estimates for the next years, SGR-UN will show a very strong growth in Earnings Per Share. The EPS will grow by 22.20% on average per year.
SGR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.87% yearly.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 16.51, the valuation of SGR-UN can be described as correct.
Based on the Price/Earnings ratio, SGR-UN is valued a bit cheaper than the industry average as 76.32% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of SGR-UN to the average of the S&P500 Index (26.19), we can say SGR-UN is valued slightly cheaper.
With a Price/Forward Earnings ratio of 9.61, the valuation of SGR-UN can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SGR-UN indicates a rather cheap valuation: SGR-UN is cheaper than 86.84% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, SGR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.51 | ||
| Fwd PE | 9.61 |
4.2 Price Multiples
SGR-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SGR-UN is cheaper than 65.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.72 | ||
| 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.
The decent profitability rating of SGR-UN 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)0.38
PEG (5Y)14.72
EPS Next 2Y22.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SGR-UN has a Yearly Dividend Yield of 9.00%, which is a nice return.
SGR-UN's Dividend Yield is a higher than the industry average which is at 7.95.
SGR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| 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 recently.
Dividend Growth(5Y)-0.01%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
128.61% of the earnings are spent on dividend by SGR-UN. This is not a sustainable payout ratio.
DP128.61%
EPS Next 2Y22.2%
EPS Next 3YN/A
TSX:SGR-UN (5/29/2025, 7:00:00 PM)
15.02
+0.12 (+0.81%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners12.09%
Inst Owner ChangeN/A
Ins Owners0.21%
Ins Owner ChangeN/A
Market Cap886.33M
Analysts71.11
Price Target11.02 (-26.63%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.19
Dividend Growth(5Y)-0.01%
DP128.61%
Div Incr Years0
Div Non Decr Years1
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)0%
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 | 16.51 | ||
| Fwd PE | 9.61 | ||
| P/S | 3.05 | ||
| P/FCF | 8.72 | ||
| P/OCF | 8.72 | ||
| P/B | 0.96 | ||
| P/tB | 0.96 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.91
EY6.06%
EPS(NY)1.56
Fwd EY10.41%
FCF(TTM)1.72
FCFY11.46%
OCF(TTM)1.72
OCFY11.46%
SpS4.93
BVpS15.72
TBVpS15.72
PEG (NY)0.38
PEG (5Y)14.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 5.92% | ||
| ROCE | 6.03% | ||
| ROIC | 4.34% | ||
| ROICexc | 4.39% | ||
| ROICexgc | 4.39% | ||
| OM | 61.23% | ||
| PM (TTM) | 18.89% | ||
| GM | 69.04% | ||
| FCFM | 34.95% |
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 | 15.91 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.31 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 185.01% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.55 | ||
| Altman-Z | 0.56 |
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)5.14%
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 1Y3.64%
EBIT growth 3Y12.39%
EBIT growth 5Y7.45%
EBIT Next Year-13.57%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y26.93%
FCF growth 3Y11.79%
FCF growth 5Y9.8%
OCF growth 1Y26.93%
OCF growth 3Y11.79%
OCF growth 5Y9.8%