TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) Fundamental Analysis & Valuation

TSX:TNT-UN • CA89784Y4076

Current stock price

8.425 CAD
+0.03 (+0.3%)
Last:

This TNT-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. TNT-UN.CA Profitability Analysis

1.1 Basic Checks

  • In the past year TNT-UN has reported negative net income.
  • TNT-UN had a positive operating cash flow in the past year.
  • In multiple years TNT-UN reported negative net income over the last 5 years.
  • In the past 5 years TNT-UN always reported a positive cash flow from operatings.
TNT-UN.CA Yearly Net Income VS EBIT VS OCF VS FCFTNT-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 2024 2025 0 50M 100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -2.79%, TNT-UN is doing worse than 66.67% of the companies in the same industry.
  • With a Return On Equity value of -8.68%, TNT-UN is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • Looking at the Return On Invested Capital, with a value of 5.20%, TNT-UN is in the better half of the industry, outperforming 78.79% of the companies in the same industry.
  • TNT-UN had an Average Return On Invested Capital over the past 3 years of 4.78%. This is below the industry average of 7.00%.
  • The last Return On Invested Capital (5.20%) for TNT-UN is above the 3 year average (4.78%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -2.79%
ROE -8.68%
ROIC 5.2%
ROA(3y)-2.51%
ROA(5y)-0.56%
ROE(3y)-7.56%
ROE(5y)-2.02%
ROIC(3y)4.78%
ROIC(5y)4.64%
TNT-UN.CA Yearly ROA, ROE, ROICTNT-UN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • TNT-UN's Operating Margin of 47.19% is on the low side compared to the rest of the industry. TNT-UN is outperformed by 66.67% of its industry peers.
  • In the last couple of years the Operating Margin of TNT-UN has declined.
  • With a Gross Margin value of 53.09%, TNT-UN is not doing good in the industry: 69.70% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of TNT-UN has declined.
Industry RankSector Rank
OM 47.19%
PM (TTM) N/A
GM 53.09%
OM growth 3Y-6.46%
OM growth 5Y-3.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.12%
GM growth 5Y-2.43%
TNT-UN.CA Yearly Profit, Operating, Gross MarginsTNT-UN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. TNT-UN.CA Health Analysis

2.1 Basic Checks

  • TNT-UN has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, TNT-UN has less shares outstanding
  • Compared to 1 year ago, TNT-UN has a worse debt to assets ratio.
TNT-UN.CA Yearly Shares OutstandingTNT-UN.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
TNT-UN.CA Yearly Total Debt VS Total AssetsTNT-UN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

2.2 Solvency

  • Based on the Altman-Z score of -0.15, we must say that TNT-UN is in the distress zone and has some risk of bankruptcy.
  • TNT-UN's Altman-Z score of -0.15 is on the low side compared to the rest of the industry. TNT-UN is outperformed by 75.76% of its industry peers.
  • The Debt to FCF ratio of TNT-UN is 10.29, which is on the high side as it means it would take TNT-UN, 10.29 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 10.29, TNT-UN is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • A Debt/Equity ratio of 1.26 is on the high side and indicates that TNT-UN has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.26, TNT-UN is doing worse than 63.64% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.26
Debt/FCF 10.29
Altman-Z -0.15
ROIC/WACCN/A
WACCN/A
TNT-UN.CA Yearly LT Debt VS Equity VS FCFTNT-UN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • TNT-UN has a Current Ratio of 0.14. This is a bad value and indicates that TNT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TNT-UN's Current ratio of 0.14 is on the low side compared to the rest of the industry. TNT-UN is outperformed by 63.64% of its industry peers.
  • TNT-UN has a Quick Ratio of 0.14. This is a bad value and indicates that TNT-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • TNT-UN has a worse Quick ratio (0.14) than 63.64% of its industry peers.
Industry RankSector Rank
Current Ratio 0.14
Quick Ratio 0.14
TNT-UN.CA Yearly Current Assets VS Current LiabilitesTNT-UN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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

0

3. TNT-UN.CA Growth Analysis

3.1 Past

  • TNT-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -49.09%.
  • Looking at the last year, TNT-UN shows a small growth in Revenue. The Revenue has grown by 2.53% in the last year.
  • The Revenue has been decreasing by -1.37% on average over the past years.
EPS 1Y (TTM)-49.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0.92%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y-3.23%
Revenue growth 5Y-1.37%
Sales Q2Q%27.3%

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.
TNT-UN.CA Yearly Revenue VS EstimatesTNT-UN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M

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2

4. TNT-UN.CA Valuation Analysis

4.1 Price/Earnings Ratio

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

  • TNT-UN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TNT-UN is cheaper than 96.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1.66
EV/EBITDA N/A
TNT-UN.CA Per share dataTNT-UN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

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

More info and screens

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

5

5. TNT-UN.CA Dividend Analysis

5.1 Amount

  • TNT-UN has a Yearly Dividend Yield of 22.00%, which is a nice return.
  • TNT-UN's Dividend Yield is rather good when compared to the industry average which is at 6.43. TNT-UN pays more dividend than 100.00% of the companies in the same industry.
  • TNT-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 22%

5.2 History

  • The dividend of TNT-UN decreases each year by -28.54%.
  • TNT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-28.54%
Div Incr Years0
Div Non Decr Years0
TNT-UN.CA Yearly Dividends per shareTNT-UN.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026 5 10 15

5.3 Sustainability

  • The earnings of TNT-UN are negative and hence is the payout ratio. TNT-UN will probably not be able to sustain this dividend level.
DP-22.88%
EPS Next 2YN/A
EPS Next 3YN/A
TNT-UN.CA Yearly Income VS Free CF VS DividendTNT-UN.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M

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TNT-UN.CA Fundamentals: All Metrics, Ratios and Statistics

TRUE NORTH COMMERCIAL REAL E

TSX:TNT-UN (4/24/2026, 7:00:00 PM)

8.425

+0.03 (+0.3%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)03-17
Earnings (Next)05-12
Inst Owners1.8%
Inst Owner ChangeN/A
Ins Owners12.16%
Ins Owner ChangeN/A
Market Cap118.54M
Revenue(TTM)130.12M
Net Income(TTM)-32.57M
Analysts76.67
Price Target9.69 (15.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 22%
Yearly Dividend0.53
Dividend Growth(5Y)-28.54%
DP-22.88%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-30
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)-5.71%
PT rev (3m)-5.71%
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 0.91
P/FCF 1.66
P/OCF 1.66
P/B 0.32
P/tB 0.32
EV/EBITDA N/A
EPS(TTM)-2.3
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)5.06
FCFY60.08%
OCF(TTM)5.06
OCFY60.08%
SpS9.25
BVpS26.66
TBVpS26.66
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -2.79%
ROE -8.68%
ROCE 7.58%
ROIC 5.2%
ROICexc 5.25%
ROICexgc 5.25%
OM 47.19%
PM (TTM) N/A
GM 53.09%
FCFM 54.73%
ROA(3y)-2.51%
ROA(5y)-0.56%
ROE(3y)-7.56%
ROE(5y)-2.02%
ROIC(3y)4.78%
ROIC(5y)4.64%
ROICexc(3y)4.82%
ROICexc(5y)4.68%
ROICexgc(3y)4.82%
ROICexgc(5y)4.68%
ROCE(3y)6.87%
ROCE(5y)6.6%
ROICexgc growth 3Y2.54%
ROICexgc growth 5Y3.67%
ROICexc growth 3Y2.54%
ROICexc growth 5Y3.67%
OM growth 3Y-6.46%
OM growth 5Y-3.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.12%
GM growth 5Y-2.43%
F-Score6
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 1.26
Debt/FCF 10.29
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 1.85
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.14
Quick Ratio 0.14
Altman-Z -0.15
F-Score6
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)-49.09%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0.92%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.53%
Revenue growth 3Y-3.23%
Revenue growth 5Y-1.37%
Sales Q2Q%27.3%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y5.98%
EBIT growth 3Y-9.48%
EBIT growth 5Y-5.01%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5.89%
FCF growth 3Y-11.66%
FCF growth 5Y-4.87%
OCF growth 1Y-5.89%
OCF growth 3Y-11.66%
OCF growth 5Y-4.87%

TRUE NORTH COMMERCIAL REAL E / TNT-UN.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TRUE NORTH COMMERCIAL REAL E?

ChartMill assigns a fundamental rating of 2 / 10 to TNT-UN.CA.


What is the valuation status for TNT-UN stock?

ChartMill assigns a valuation rating of 2 / 10 to TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA). This can be considered as Overvalued.


How profitable is TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) stock?

TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) has a profitability rating of 2 / 10.


What is the financial health of TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) stock?

The financial health rating of TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) is 2 / 10.