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

TSX:TNT-UN • CA89784Y4076

Current stock price

8.36 CAD
+0.01 (+0.12%)
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

  • TNT-UN had negative earnings in the past year.
  • In the past year TNT-UN had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: TNT-UN reported negative net income in multiple years.
  • TNT-UN had a positive operating cash flow in each of the past 5 years.
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

  • The Return On Assets of TNT-UN (-2.79%) is worse than 66.67% of its industry peers.
  • The Return On Equity of TNT-UN (-8.68%) is worse than 66.67% of its industry peers.
  • TNT-UN has a better Return On Invested Capital (5.20%) than 78.79% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TNT-UN 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

  • The Operating Margin of TNT-UN (47.19%) is worse than 66.67% of its industry peers.
  • TNT-UN's Operating Margin has declined in the last couple of years.
  • TNT-UN has a Gross Margin of 53.09%. This is in the lower half of the industry: TNT-UN underperforms 69.70% of its industry peers.
  • 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

  • Compared to 1 year ago, TNT-UN has about the same amount of shares outstanding.
  • Compared to 5 years ago, TNT-UN has less shares outstanding
  • The debt/assets ratio for TNT-UN is higher compared to a year ago.
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.
  • The Altman-Z score of TNT-UN (-0.15) is worse than 75.76% of its industry peers.
  • TNT-UN has a debt to FCF ratio of 10.29. This is a negative value and a sign of low solvency as TNT-UN would need 10.29 years to pay back of all of its debts.
  • TNT-UN's Debt to FCF ratio of 10.29 is fine compared to the rest of the industry. TNT-UN outperforms 72.73% of its industry peers.
  • A Debt/Equity ratio of 1.26 is on the high side and indicates that TNT-UN has dependencies on debt financing.
  • TNT-UN has a Debt to Equity ratio of 1.26. This is in the lower half of the industry: TNT-UN underperforms 63.64% of its industry peers.
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

  • A Current Ratio of 0.14 indicates that TNT-UN may have some problems paying 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.
  • A Quick Ratio of 0.14 indicates that TNT-UN may have some problems paying its short term obligations.
  • TNT-UN's Quick 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.
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

  • The earnings per share for TNT-UN have decreased strongly by -49.09% in the last year.
  • 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

  • Based on the Price/Free Cash Flow ratio, TNT-UN is valued cheaper than 96.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1.65
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

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

5

5. TNT-UN.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 22.00%, TNT-UN is a good candidate for dividend investing.
  • 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.
  • Compared to an average S&P500 Dividend Yield of 1.81, TNT-UN pays a better dividend.
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 (4/22/2026, 7:00:00 PM)

8.36

+0.01 (+0.12%)

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 Cap117.63M
Revenue(TTM)130.12M
Net Income(TTM)-32.57M
Analysts76.67
Price Target9.69 (15.91%)
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 0.9
P/FCF 1.65
P/OCF 1.65
P/B 0.31
P/tB 0.31
EV/EBITDA N/A
EPS(TTM)-2.3
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)5.06
FCFY60.55%
OCF(TTM)5.06
OCFY60.55%
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.