TRICON RESIDENTIAL INC (TCN) Fundamental Analysis & Valuation

NYSE:TCN • CA89612W1023

Current stock price

11.25 USD
+0.02 (+0.18%)
At close:
11.23 USD
-0.02 (-0.18%)
After Hours:

This TCN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. TCN Profitability Analysis

1.1 Basic Checks

  • TCN had positive earnings in the past year.
  • TCN had a positive operating cash flow in the past year.
  • TCN had positive earnings in each of the past 5 years.
  • TCN had a positive operating cash flow in 4 of the past 5 years.
TCN Yearly Net Income VS EBIT VS OCF VS FCFTCN 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 200M -200M 400M 600M 800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.86%, TCN is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
  • The Return On Equity of TCN (2.96%) is better than 72.31% of its industry peers.
  • With a decent Return On Invested Capital value of 1.64%, TCN is doing good in the industry, outperforming 72.31% of the companies in the same industry.
Industry RankSector Rank
ROA 0.86%
ROE 2.96%
ROIC 1.64%
ROA(3y)4.08%
ROA(5y)3.73%
ROE(3y)12.96%
ROE(5y)10.43%
ROIC(3y)N/A
ROIC(5y)N/A
TCN Yearly ROA, ROE, ROICTCN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 13.44%, TCN belongs to the top of the industry, outperforming 90.77% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TCN has declined.
  • TCN has a better Operating Margin (29.82%) than 96.92% of its industry peers.
  • TCN's Operating Margin has declined in the last couple of years.
  • TCN has a better Gross Margin (69.17%) than 87.69% of its industry peers.
  • In the last couple of years the Gross Margin of TCN has remained more or less at the same level.
Industry RankSector Rank
OM 29.82%
PM (TTM) 13.44%
GM 69.17%
OM growth 3Y-5.22%
OM growth 5YN/A
PM growth 3Y-21.94%
PM growth 5Y-54.81%
GM growth 3Y-0.28%
GM growth 5YN/A
TCN Yearly Profit, Operating, Gross MarginsTCN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 200 400 600

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1

2. TCN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TCN is destroying value.
  • TCN has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, TCN has an improved debt to assets ratio.
TCN Yearly Shares OutstandingTCN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
TCN Yearly Total Debt VS Total AssetsTCN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

  • TCN has an Altman-Z score of 0.49. This is a bad value and indicates that TCN is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 0.49, TCN is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
  • TCN has a debt to FCF ratio of 65.95. This is a negative value and a sign of low solvency as TCN would need 65.95 years to pay back of all of its debts.
  • TCN's Debt to FCF ratio of 65.95 is in line compared to the rest of the industry. TCN outperforms 58.46% of its industry peers.
  • TCN has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
  • TCN has a worse Debt to Equity ratio (1.48) than 69.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 65.95
Altman-Z 0.49
ROIC/WACC0.22
WACC7.57%
TCN Yearly LT Debt VS Equity VS FCFTCN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B

2.3 Liquidity

  • TCN has a Current Ratio of 0.49. This is a bad value and indicates that TCN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TCN's Current ratio of 0.49 is on the low side compared to the rest of the industry. TCN is outperformed by 86.15% of its industry peers.
  • TCN has a Quick Ratio of 0.49. This is a bad value and indicates that TCN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TCN has a worse Quick ratio (0.49) than 83.08% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.49
TCN Yearly Current Assets VS Current LiabilitesTCN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. TCN Growth Analysis

3.1 Past

  • The earnings per share for TCN have decreased strongly by -66.47% in the last year.
  • The earnings per share for TCN have been decreasing by -17.03% on average. This is quite bad
  • Looking at the last year, TCN shows a small growth in Revenue. The Revenue has grown by 5.48% in the last year.
  • The Revenue has been growing by 94.79% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-66.47%
EPS 3Y4.46%
EPS 5Y-17.03%
EPS Q2Q%36.36%
Revenue 1Y (TTM)5.48%
Revenue growth 3Y28.44%
Revenue growth 5Y94.79%
Sales Q2Q%15.69%

3.2 Future

  • Based on estimates for the next years, TCN will show a very negative growth in Earnings Per Share. The EPS will decrease by -15.81% on average per year.
  • The Revenue is expected to grow by 8.50% on average over the next years. This is quite good.
EPS Next Y-48.61%
EPS Next 2Y-15.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.66%
Revenue Next 2Y8.5%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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.
TCN Yearly Revenue VS EstimatesTCN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
TCN Yearly EPS VS EstimatesTCN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

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4

4. TCN Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.74, the valuation of TCN can be described as rather expensive.
  • Based on the Price/Earnings ratio, TCN is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
  • TCN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 38.41, the valuation of TCN can be described as expensive.
  • 72.31% of the companies in the same industry are more expensive than TCN, based on the Price/Forward Earnings ratio.
  • TCN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 19.74
Fwd PE 38.41
TCN Price Earnings VS Forward Price EarningsTCN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • TCN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TCN is cheaper than 64.62% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TCN indicates a somewhat cheap valuation: TCN is cheaper than 70.77% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 36.46
EV/EBITDA 33.96
TCN Per share dataTCN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • TCN has a very decent profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as TCN's earnings are expected to decrease with -15.81% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.81%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. TCN Dividend Analysis

5.1 Amount

  • TCN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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TCN Fundamentals: All Metrics, Ratios and Statistics

TRICON RESIDENTIAL INC

NYSE:TCN (5/1/2024, 8:25:04 PM)

After market: 11.23 -0.02 (-0.18%)

11.25

+0.02 (+0.18%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-27
Earnings (Next)05-07
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.34B
Revenue(TTM)849.71M
Net Income(TTM)114.24M
Analysts71.11
Price Target8.93 (-20.62%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP84%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)172.28%
Min EPS beat(2)147.53%
Max EPS beat(2)197.03%
EPS beat(4)3
Avg EPS beat(4)110.4%
Min EPS beat(4)-0.99%
Max EPS beat(4)197.03%
EPS beat(8)7
Avg EPS beat(8)235.95%
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)2
Avg Revenue beat(2)85.19%
Min Revenue beat(2)79.44%
Max Revenue beat(2)90.95%
Revenue beat(4)4
Avg Revenue beat(4)80.48%
Min Revenue beat(4)72.02%
Max Revenue beat(4)90.95%
Revenue beat(8)8
Avg Revenue beat(8)71.53%
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)-6.56%
PT rev (3m)2.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
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 RankSector Rank
PE 19.74
Fwd PE 38.41
P/S 3.93
P/FCF 36.46
P/OCF 24.19
P/B 0.86
P/tB 0.87
EV/EBITDA 33.96
EPS(TTM)0.57
EY5.07%
EPS(NY)0.29
Fwd EY2.6%
FCF(TTM)0.31
FCFY2.74%
OCF(TTM)0.47
OCFY4.13%
SpS2.86
BVpS13.02
TBVpS12.9
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.86%
ROE 2.96%
ROCE 2%
ROIC 1.64%
ROICexc 1.67%
ROICexgc 1.67%
OM 29.82%
PM (TTM) 13.44%
GM 69.17%
FCFM 10.78%
ROA(3y)4.08%
ROA(5y)3.73%
ROE(3y)12.96%
ROE(5y)10.43%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-1.7%
ROICexgc growth 5YN/A
ROICexc growth 3Y-1.2%
ROICexc growth 5YN/A
OM growth 3Y-5.22%
OM growth 5YN/A
PM growth 3Y-21.94%
PM growth 5Y-54.81%
GM growth 3Y-0.28%
GM growth 5YN/A
F-Score5
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 65.95
Debt/EBITDA 21.13
Cap/Depr 261.04%
Cap/Sales 5.47%
Interest Coverage 0.87
Cash Conversion 50.9%
Profit Quality 80.17%
Current Ratio 0.49
Quick Ratio 0.49
Altman-Z 0.49
F-Score5
WACC7.57%
ROIC/WACC0.22
Cap/Depr(3y)254.57%
Cap/Depr(5y)208.56%
Cap/Sales(3y)5.52%
Cap/Sales(5y)8.97%
Profit Quality(3y)42.83%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-66.47%
EPS 3Y4.46%
EPS 5Y-17.03%
EPS Q2Q%36.36%
EPS Next Y-48.61%
EPS Next 2Y-15.81%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.48%
Revenue growth 3Y28.44%
Revenue growth 5Y94.79%
Sales Q2Q%15.69%
Revenue Next Year6.66%
Revenue Next 2Y8.5%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y152.14%
EBIT growth 3Y21.74%
EBIT growth 5YN/A
EBIT Next Year27.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-60.91%
FCF growth 3Y-11.02%
FCF growth 5YN/A
OCF growth 1Y-48.93%
OCF growth 3Y-1.17%
OCF growth 5YN/A

TRICON RESIDENTIAL INC / TCN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TRICON RESIDENTIAL INC?

ChartMill assigns a fundamental rating of 3 / 10 to TCN.


Can you provide the valuation status for TRICON RESIDENTIAL INC?

ChartMill assigns a valuation rating of 4 / 10 to TRICON RESIDENTIAL INC (TCN). This can be considered as Fairly Valued.


What is the profitability of TCN stock?

TRICON RESIDENTIAL INC (TCN) has a profitability rating of 6 / 10.


What is the earnings growth outlook for TRICON RESIDENTIAL INC?

The Earnings per Share (EPS) of TRICON RESIDENTIAL INC (TCN) is expected to decline by -48.61% in the next year.


Can you provide the dividend sustainability for TCN stock?

The dividend rating of TRICON RESIDENTIAL INC (TCN) is 0 / 10 and the dividend payout ratio is 84%.