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SLATE OFFICE REIT (SOT-UN.CA) Stock Fundamental Analysis

Canada - Toronto Stock Exchange - TSX:SOT-UN - CA8310211005 - REIT

0.51 CAD
+0.01 (+2%)
Last: 3/12/2025, 7:00:00 PM
Fundamental Rating

1

SOT-UN gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified REITs industry. SOT-UN has a bad profitability rating. Also its financial health evaluation is rather negative. SOT-UN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year SOT-UN has reported negative net income.
  • SOT-UN had a positive operating cash flow in the past year.
  • In multiple years SOT-UN reported negative net income over the last 5 years.
  • Each year in the past 5 years SOT-UN had a positive operating cash flow.
SOT-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFSOT-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M -100M

1.2 Ratios

  • The Return On Assets of SOT-UN (-29.76%) is worse than 85.71% of its industry peers.
  • SOT-UN has a Return On Equity of -244.37%. This is amonst the worse of the industry: SOT-UN underperforms 83.33% of its industry peers.
  • SOT-UN has a Return On Invested Capital of 14.42%. This is amongst the best in the industry. SOT-UN outperforms 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SOT-UN is in line with the industry average of 5.57%.
  • The last Return On Invested Capital (14.42%) for SOT-UN is above the 3 year average (3.81%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -29.76%
ROE -244.37%
ROIC 14.42%
ROA(3y)-1.59%
ROA(5y)-0.06%
ROE(3y)-5.68%
ROE(5y)-0.97%
ROIC(3y)3.81%
ROIC(5y)3.91%
SOT-UN.CA Yearly ROA, ROE, ROICSOT-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20

1.3 Margins

  • SOT-UN's Operating Margin of 39.15% is on the low side compared to the rest of the industry. SOT-UN is outperformed by 73.81% of its industry peers.
  • In the last couple of years the Operating Margin of SOT-UN has declined.
  • SOT-UN has a worse Gross Margin (44.08%) than 80.95% of its industry peers.
  • SOT-UN's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 39.15%
PM (TTM) N/A
GM 44.08%
OM growth 3Y-3.94%
OM growth 5Y-3.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.77%
GM growth 5Y-2.14%
SOT-UN.CA Yearly Profit, Operating, Gross MarginsSOT-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40

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0

2. Health

2.1 Basic Checks

  • SOT-UN has about the same amout of shares outstanding than it did 1 year ago.
  • The debt/assets ratio for SOT-UN is higher compared to a year ago.
SOT-UN.CA Yearly Shares OutstandingSOT-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
SOT-UN.CA Yearly Total Debt VS Total AssetsSOT-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

  • SOT-UN has an Altman-Z score of -0.84. This is a bad value and indicates that SOT-UN is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of -0.84, SOT-UN is not doing good in the industry: 90.48% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of SOT-UN is 30.40, which is on the high side as it means it would take SOT-UN, 30.40 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 30.40, SOT-UN is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
  • SOT-UN has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.27, SOT-UN perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 30.4
Altman-Z -0.84
ROIC/WACCN/A
WACCN/A
SOT-UN.CA Yearly LT Debt VS Equity VS FCFSOT-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.3 Liquidity

  • SOT-UN has a Current Ratio of 0.12. This is a bad value and indicates that SOT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SOT-UN has a Current ratio of 0.12. This is in the lower half of the industry: SOT-UN underperforms 69.05% of its industry peers.
  • SOT-UN has a Quick Ratio of 0.12. This is a bad value and indicates that SOT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of SOT-UN (0.12) is worse than 69.05% of its industry peers.
Industry RankSector Rank
Current Ratio 0.12
Quick Ratio 0.12
SOT-UN.CA Yearly Current Assets VS Current LiabilitesSOT-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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0

3. Growth

3.1 Past

  • SOT-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -181.72%.
  • The Revenue has been growing slightly by 0.67% in the past year.
  • The Revenue has been decreasing by -1.20% on average over the past years.
EPS 1Y (TTM)-181.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-426.76%
Revenue 1Y (TTM)0.67%
Revenue growth 3Y2.48%
Revenue growth 5Y-1.2%
Sales Q2Q%-1.7%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
SOT-UN.CA Yearly Revenue VS EstimatesSOT-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for SOT-UN. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SOT-UN.CA Price Earnings VS Forward Price EarningsSOT-UN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SOT-UN indicates a rather cheap valuation: SOT-UN is cheaper than 100.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1.09
EV/EBITDA N/A
SOT-UN.CA Per share dataSOT-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 -4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

  • SOT-UN has a Yearly Dividend Yield of 5.83%, which is a nice return.
  • SOT-UN's Dividend Yield is comparable with the industry average which is at 7.04.
  • SOT-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
Industry RankSector Rank
Dividend Yield 5.83%

5.2 History

  • The dividend of SOT-UN decreases each year by -23.29%.
  • SOT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-23.29%
Div Incr Years0
Div Non Decr Years0
SOT-UN.CA Yearly Dividends per shareSOT-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 0.2 0.4 0.6

5.3 Sustainability

  • The earnings of SOT-UN are negative and hence is the payout ratio. SOT-UN will probably not be able to sustain this dividend level.
DP-0.39%
EPS Next 2YN/A
EPS Next 3YN/A
SOT-UN.CA Yearly Income VS Free CF VS DividendSOT-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M -100M

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SLATE OFFICE REIT

TSX:SOT-UN (3/12/2025, 7:00:00 PM)

0.51

+0.01 (+2%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-31
Earnings (Next)02-13
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap40.99M
Revenue(TTM)198.78M
Net Income(TTM)-409.38M
Analysts46.67
Price Target0.51 (0%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.83%
Yearly Dividend0.2
Dividend Growth(5Y)-23.29%
DP-0.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.21
P/FCF 1.09
P/OCF 1.09
P/B 0.24
P/tB 0.24
EV/EBITDA N/A
EPS(TTM)-5.1
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.47
FCFY91.42%
OCF(TTM)0.47
OCFY91.42%
SpS2.47
BVpS2.08
TBVpS2.08
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -29.76%
ROE -244.37%
ROCE 20.03%
ROIC 14.42%
ROICexc 14.8%
ROICexgc 14.8%
OM 39.15%
PM (TTM) N/A
GM 44.08%
FCFM 18.85%
ROA(3y)-1.59%
ROA(5y)-0.06%
ROE(3y)-5.68%
ROE(5y)-0.97%
ROIC(3y)3.81%
ROIC(5y)3.91%
ROICexc(3y)3.85%
ROICexc(5y)3.94%
ROICexgc(3y)3.85%
ROICexgc(5y)3.94%
ROCE(3y)5.34%
ROCE(5y)5.45%
ROICexgc growth 3Y6.36%
ROICexgc growth 5Y1.02%
ROICexc growth 3Y6.36%
ROICexc growth 5Y1.02%
OM growth 3Y-3.94%
OM growth 5Y-3.54%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.77%
GM growth 5Y-2.14%
F-Score4
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 30.4
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.3
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.12
Quick Ratio 0.12
Altman-Z -0.84
F-Score4
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-181.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-426.76%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.67%
Revenue growth 3Y2.48%
Revenue growth 5Y-1.2%
Sales Q2Q%-1.7%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y9.31%
EBIT growth 3Y-1.56%
EBIT growth 5Y-4.69%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-18.78%
FCF growth 3Y-4.77%
FCF growth 5Y-4.07%
OCF growth 1Y-18.78%
OCF growth 3Y-4.77%
OCF growth 5Y-4.07%

SLATE OFFICE REIT / SOT-UN.CA FAQ

What is the fundamental rating for SOT-UN stock?

ChartMill assigns a fundamental rating of 1 / 10 to SOT-UN.CA.


What is the valuation status of SLATE OFFICE REIT (SOT-UN.CA) stock?

ChartMill assigns a valuation rating of 2 / 10 to SLATE OFFICE REIT (SOT-UN.CA). This can be considered as Overvalued.


What is the profitability of SOT-UN stock?

SLATE OFFICE REIT (SOT-UN.CA) has a profitability rating of 3 / 10.


What is the financial health of SLATE OFFICE REIT (SOT-UN.CA) stock?

The financial health rating of SLATE OFFICE REIT (SOT-UN.CA) is 0 / 10.