SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Fundamental Analysis
TSX:SGR-UN - Toronto Stock Exchange - CA8310622037 - REIT - Currency: CAD
SGR-UN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 37 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 is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
SGR-UN had positive earnings in each of the past 5 years.
Each year in the past 5 years SGR-UN had a positive operating cash flow.
1.2 Ratios
SGR-UN's Return On Assets of 1.79% is fine compared to the rest of the industry. SGR-UN outperforms 62.16% of its industry peers.
SGR-UN has a better Return On Equity (5.95%) than 81.08% of its industry peers.
The Return On Invested Capital of SGR-UN (4.35%) is comparable to the rest of the industry.
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 5.23%.
The last Return On Invested Capital (4.35%) for SGR-UN is above the 3 year average (4.28%), which is a sign of increasing profitability.
| 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
SGR-UN has a Profit Margin (19.00%) which is in line with its industry peers.
SGR-UN's Profit Margin has been stable in the last couple of years.
SGR-UN has a better Operating Margin (61.36%) than 75.68% 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 Gross Margin of 69.04%. This is in the better half of the industry: SGR-UN outperforms 67.57% 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 | 61.36% | ||
| 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
Compared to 1 year ago, SGR-UN has about the same amount of shares outstanding.
Compared to 5 years ago, SGR-UN has more shares outstanding
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 0.55. This is a bad value and indicates that SGR-UN is not financially healthy and even has some risk of bankruptcy.
SGR-UN has a Altman-Z score of 0.55. This is comparable to the rest of the industry: SGR-UN outperforms 54.05% of its industry peers.
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.
With a Debt to FCF ratio value of 15.90, SGR-UN perfoms like the industry average, outperforming 56.76% of the companies in the same industry.
A Debt/Equity ratio of 1.68 is on the high side and indicates that SGR-UN has dependencies on debt financing.
With a Debt to Equity ratio value of 1.68, SGR-UN is not doing good in the industry: 81.08% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.68 | ||
| Debt/FCF | 15.9 | ||
| Altman-Z | 0.55 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
SGR-UN has a Current Ratio of 0.55. This is a bad value and indicates that SGR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of SGR-UN (0.55) is better than 81.08% 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 better Quick ratio (0.55) than 86.49% of its industry peers.
| 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.
SGR-UN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.12% yearly.
Looking at the last year, SGR-UN shows a small growth in Revenue. The Revenue has grown by 2.88% in the last year.
The Revenue has been growing by 8.16% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 22.20% on average over the next years. This is a very strong growth
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.
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
With a Price/Earnings ratio of 15.99, SGR-UN is valued correctly.
75.68% of the companies in the same industry are more expensive than SGR-UN, based on the Price/Earnings ratio.
SGR-UN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.28, the valuation of SGR-UN can be described as 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 86.49% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SGR-UN to the average of the S&P500 Index (22.19), we can say SGR-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.99 | ||
| Fwd PE | 9.28 |
4.2 Price Multiples
64.86% of the companies in the same industry are more expensive than SGR-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
SGR-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 SGR-UN may justify a higher PE ratio.
A more expensive valuation may be justified as SGR-UN's earnings are expected to grow with 22.20% in the coming years.
PEG (NY)0.36
PEG (5Y)14.26
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.
Compared to an average industry Dividend Yield of 7.95, 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 2.42.
| 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.
SGR-UN has decreased its dividend 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 (6/20/2025, 7:00:00 PM)
14.39
-0.01 (-0.07%)
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 Cap849.15M
Analysts71.11
Price Target11.22 (-22.03%)
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)1.85%
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 | 15.99 | ||
| Fwd PE | 9.28 | ||
| P/S | 2.95 | ||
| P/FCF | 8.42 | ||
| P/OCF | 8.42 | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.9
EY6.25%
EPS(NY)1.55
Fwd EY10.78%
FCF(TTM)1.71
FCFY11.87%
OCF(TTM)1.71
OCFY11.87%
SpS4.89
BVpS15.59
TBVpS15.59
PEG (NY)0.36
PEG (5Y)14.26
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-12.85%
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%