SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:SRU-UN - CA83179X1087 - REIT
25.34 CAD
-0.17 (-0.67%)
SRU-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 SRU-UN is still in line with the averages on profitability rating, there are concerns on its financial health. SRU-UN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SRU-UN had positive earnings in the past year.
In the past year SRU-UN had a positive cash flow from operations.
SRU-UN had positive earnings in each of the past 5 years.
Each year in the past 5 years SRU-UN had a positive operating cash flow.
1.2 Ratios
SRU-UN has a better Return On Assets (2.16%) than 65.79% of its industry peers.
SRU-UN's Return On Equity of 5.04% is fine compared to the rest of the industry. SRU-UN outperforms 60.53% of its industry peers.
SRU-UN has a Return On Invested Capital (3.62%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for SRU-UN is below the industry average of 5.49%.
The last Return On Invested Capital (3.62%) for SRU-UN is above the 3 year average (3.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.16% | ||
| ROE | 5.04% | ||
| ROIC | 3.62% |
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
1.3 Margins
With a decent Profit Margin value of 28.74%, SRU-UN is doing good in the industry, outperforming 68.42% of the companies in the same industry.
In the last couple of years the Profit Margin of SRU-UN has declined.
Looking at the Operating Margin, with a value of 55.11%, SRU-UN is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
In the last couple of years the Operating Margin of SRU-UN has remained more or less at the same level.
SRU-UN has a Gross Margin of 61.69%. This is comparable to the rest of the industry: SRU-UN outperforms 55.26% of its industry peers.
SRU-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.11% | ||
| PM (TTM) | 28.74% | ||
| GM | 61.69% |
OM growth 3Y-2.32%
OM growth 5Y-1.33%
PM growth 3Y-37.59%
PM growth 5Y-7.92%
GM growth 3Y-1.41%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SRU-UN is destroying value.
The number of shares outstanding for SRU-UN remains at a similar level compared to 1 year ago.
SRU-UN has more shares outstanding than it did 5 years ago.
SRU-UN has a worse debt/assets ratio than last year.
2.2 Solvency
SRU-UN has an Altman-Z score of 0.61. This is a bad value and indicates that SRU-UN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.61, SRU-UN is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
The Debt to FCF ratio of SRU-UN is 13.94, which is on the high side as it means it would take SRU-UN, 13.94 years of fcf income to pay off all of its debts.
SRU-UN has a Debt to FCF ratio of 13.94. This is in the better half of the industry: SRU-UN outperforms 76.32% of its industry peers.
SRU-UN has a Debt/Equity ratio of 0.70. This is a neutral value indicating SRU-UN is somewhat dependend on debt financing.
SRU-UN has a better Debt to Equity ratio (0.70) than 81.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 13.94 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.72
WACC5.05%
2.3 Liquidity
A Current Ratio of 0.22 indicates that SRU-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.22, SRU-UN perfoms like the industry average, outperforming 47.37% of the companies in the same industry.
A Quick Ratio of 0.21 indicates that SRU-UN may have some problems paying its short term obligations.
SRU-UN's Quick ratio of 0.21 is in line compared to the rest of the industry. SRU-UN outperforms 47.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
SRU-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.26%, which is quite impressive.
The Earnings Per Share has been decreasing by -6.47% on average over the past years.
Looking at the last year, SRU-UN shows a small growth in Revenue. The Revenue has grown by 1.09% in the last year.
SRU-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.63% yearly.
EPS 1Y (TTM)95.26%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%10.38%
Revenue 1Y (TTM)1.09%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-7.6%
3.2 Future
The Earnings Per Share is expected to decrease by -0.94% on average over the next years.
Based on estimates for the next years, SRU-UN will show a small growth in Revenue. The Revenue will grow by 3.89% on average per year.
EPS Next Y-28.03%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue Next Year4.25%
Revenue Next 2Y3.31%
Revenue Next 3Y3.89%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.73, the valuation of SRU-UN can be described as reasonable.
SRU-UN's Price/Earnings ratio is rather cheap when compared to the industry. SRU-UN is cheaper than 84.21% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.41. SRU-UN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 12.54 indicates a correct valuation of SRU-UN.
65.79% of the companies in the same industry are more expensive than SRU-UN, based on the Price/Forward Earnings ratio.
SRU-UN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.73 | ||
| Fwd PE | 12.54 |
4.2 Price Multiples
71.05% of the companies in the same industry are more expensive than SRU-UN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SRU-UN indicates a somewhat cheap valuation: SRU-UN is cheaper than 60.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.86 | ||
| EV/EBITDA | 17.56 |
4.3 Compensation for Growth
The decent profitability rating of SRU-UN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.12%, SRU-UN is a good candidate for dividend investing.
SRU-UN's Dividend Yield is comparable with the industry average which is at 7.95.
SRU-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
5.2 History
On average, the dividend of SRU-UN grows each year by 6.39%, which is quite nice.
SRU-UN has paid a dividend for at least 10 years, which is a reliable track record.
SRU-UN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.39%
Div Incr Years1
Div Non Decr Years22
5.3 Sustainability
SRU-UN pays out 102.30% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of SRU-UN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP102.3%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
TSX:SRU-UN (12/4/2025, 7:00:00 PM)
25.34
-0.17 (-0.67%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners15.73%
Inst Owner ChangeN/A
Ins Owners11.11%
Ins Owner ChangeN/A
Market Cap3.67B
Revenue(TTM)909.49M
Net Income(TTM)261.39M
Analysts70
Price Target28.38 (12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
Yearly Dividend1.57
Dividend Growth(5Y)6.39%
DP102.3%
Div Incr Years1
Div Non Decr Years22
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)1.07%
PT rev (3m)1.53%
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)-0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.73 | ||
| Fwd PE | 12.54 | ||
| P/S | 4.03 | ||
| P/FCF | 9.86 | ||
| P/OCF | 9.85 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | 17.56 |
EPS(TTM)2.16
EY8.52%
EPS(NY)2.02
Fwd EY7.97%
FCF(TTM)2.57
FCFY10.14%
OCF(TTM)2.57
OCFY10.15%
SpS6.29
BVpS35.86
TBVpS35.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.16% | ||
| ROE | 5.04% | ||
| ROCE | 5.02% | ||
| ROIC | 3.62% | ||
| ROICexc | 3.63% | ||
| ROICexgc | 3.64% | ||
| OM | 55.11% | ||
| PM (TTM) | 28.74% | ||
| GM | 61.69% | ||
| FCFM | 40.88% |
ROA(3y)3.29%
ROA(5y)3.58%
ROE(3y)7.48%
ROE(5y)8.23%
ROIC(3y)3.14%
ROIC(5y)3.13%
ROICexc(3y)3.15%
ROICexc(5y)3.19%
ROICexgc(3y)3.16%
ROICexgc(5y)3.21%
ROCE(3y)4.36%
ROCE(5y)4.34%
ROICexgc growth 3Y2.83%
ROICexgc growth 5Y-0.45%
ROICexc growth 3Y2.84%
ROICexc growth 5Y-0.42%
OM growth 3Y-2.32%
OM growth 5Y-1.33%
PM growth 3Y-37.59%
PM growth 5Y-7.92%
GM growth 3Y-1.41%
GM growth 5Y-0.98%
F-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 13.94 | ||
| Debt/EBITDA | 7.27 | ||
| Cap/Depr | 39.59% | ||
| Cap/Sales | 0.06% | ||
| Interest Coverage | 3.15 | ||
| Cash Conversion | 74.09% | ||
| Profit Quality | 142.23% | ||
| Current Ratio | 0.22 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 0.61 |
F-Score7
WACC5.05%
ROIC/WACC0.72
Cap/Depr(3y)101.2%
Cap/Depr(5y)65.96%
Cap/Sales(3y)0.16%
Cap/Sales(5y)0.11%
Profit Quality(3y)102.96%
Profit Quality(5y)149.36%
High Growth Momentum
Growth
EPS 1Y (TTM)95.26%
EPS 3Y-34.98%
EPS 5Y-6.47%
EPS Q2Q%10.38%
EPS Next Y-28.03%
EPS Next 2Y-3.32%
EPS Next 3Y-0.94%
EPS Next 5YN/A
Revenue 1Y (TTM)1.09%
Revenue growth 3Y5.56%
Revenue growth 5Y2.63%
Sales Q2Q%-7.6%
Revenue Next Year4.25%
Revenue Next 2Y3.31%
Revenue Next 3Y3.89%
Revenue Next 5YN/A
EBIT growth 1Y4.89%
EBIT growth 3Y3.11%
EBIT growth 5Y1.27%
EBIT Next Year15%
EBIT Next 3Y7.31%
EBIT Next 5YN/A
FCF growth 1Y2.83%
FCF growth 3Y0.21%
FCF growth 5Y1.65%
OCF growth 1Y2.26%
OCF growth 3Y0.23%
OCF growth 5Y1.6%
SMARTCENTRES REAL ESTATE INV / SRU-UN.CA FAQ
What is the ChartMill fundamental rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to SRU-UN.CA.
What is the valuation status for SRU-UN stock?
ChartMill assigns a valuation rating of 6 / 10 to SMARTCENTRES REAL ESTATE INV (SRU-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for SMARTCENTRES REAL ESTATE INV?
SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) has a profitability rating of 6 / 10.
What is the expected EPS growth for SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) stock?
The Earnings per Share (EPS) of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is expected to decline by -28.03% in the next year.
Can you provide the dividend sustainability for SRU-UN stock?
The dividend rating of SMARTCENTRES REAL ESTATE INV (SRU-UN.CA) is 6 / 10 and the dividend payout ratio is 102.3%.