TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) Fundamental Analysis & Valuation
TSX:TNT-UN • CA89784Y4076
Current stock price
8.29 CAD
+0.08 (+0.97%)
Last:
This TNT-UN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. TNT-UN.CA Profitability Analysis
1.1 Basic Checks
- In the past year TNT-UN has reported negative net income.
- In the past year TNT-UN had a positive cash flow from operations.
- 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.
1.2 Ratios
- With a Return On Assets value of -2.64%, TNT-UN is not doing good in the industry: 65.71% of the companies in the same industry are doing better.
- TNT-UN has a Return On Equity of -8.08%. This is in the lower half of the industry: TNT-UN underperforms 68.57% of its industry peers.
- TNT-UN has a Return On Invested Capital of 3.79%. This is in the lower half of the industry: TNT-UN underperforms 60.00% of its industry peers.
- TNT-UN had an Average Return On Invested Capital over the past 3 years of 4.65%. This is in line with the industry average of 5.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.64% | ||
| ROE | -8.08% | ||
| ROIC | 3.79% |
ROA(3y)-1.21%
ROA(5y)0.56%
ROE(3y)-3.62%
ROE(5y)1.23%
ROIC(3y)4.65%
ROIC(5y)4.46%
1.3 Margins
- Looking at the Operating Margin, with a value of 43.87%, TNT-UN is doing worse than 71.43% of the companies in the same industry.
- In the last couple of years the Operating Margin of TNT-UN has remained more or less at the same level.
- The Gross Margin of TNT-UN (48.81%) is worse than 74.29% of its industry peers.
- In the last couple of years the Gross Margin of TNT-UN has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.87% | ||
| PM (TTM) | N/A | ||
| GM | 48.81% |
OM growth 3Y-3.24%
OM growth 5Y0.9%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.55%
GM growth 5Y-2.32%
2. TNT-UN.CA Health Analysis
2.1 Basic Checks
- Compared to 1 year ago, TNT-UN has less shares outstanding
- The number of shares outstanding for TNT-UN has been reduced compared to 5 years ago.
- Compared to 1 year ago, TNT-UN has about the same debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of -0.01, we must say that TNT-UN is in the distress zone and has some risk of bankruptcy.
- TNT-UN has a worse Altman-Z score (-0.01) than 71.43% of its industry peers.
- The Debt to FCF ratio of TNT-UN is 9.55, which is on the high side as it means it would take TNT-UN, 9.55 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 9.55, TNT-UN belongs to the best of the industry, outperforming 82.86% of the companies in the same industry.
- A Debt/Equity ratio of 1.57 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 1.57, TNT-UN is doing worse than 74.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | 9.55 | ||
| Altman-Z | -0.01 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- TNT-UN has a Current Ratio of 0.26. 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.
- The Current ratio of TNT-UN (0.26) is comparable to the rest of the industry.
- TNT-UN has a Quick Ratio of 0.26. 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.
- The Quick ratio of TNT-UN (0.26) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 |
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 -182.23%.
- Looking at the last year, TNT-UN shows a decrease in Revenue. The Revenue has decreased by -5.17% in the last year.
- TNT-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.57% yearly.
EPS 1Y (TTM)-182.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.67%
Revenue 1Y (TTM)-5.17%
Revenue growth 3Y-2.87%
Revenue growth 5Y3.57%
Sales Q2Q%0.49%
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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, TNT-UN is valued cheaply inside the industry as 97.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.49 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
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 7.24. TNT-UN pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.91, TNT-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 22% |
5.2 History
- TNT-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- TNT-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-15.65%
EPS Next 2YN/A
EPS Next 3YN/A
TNT-UN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:TNT-UN (3/17/2026, 7:00:00 PM)
8.29
+0.08 (+0.97%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-11 2025-11-11
Earnings (Next)03-17 2026-03-17
Inst Owners1.84%
Inst Owner ChangeN/A
Ins Owners12.14%
Ins Owner ChangeN/A
Market Cap116.56M
Revenue(TTM)121.47M
Net Income(TTM)-31.74M
Analysts76.67
Price Target10.28 (24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 22% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP-15.65%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27 2026-02-27 (0.0575)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 0.96 | ||
| P/FCF | 1.49 | ||
| P/OCF | 1.49 | ||
| P/B | 0.3 | ||
| P/tB | 0.3 | ||
| EV/EBITDA | N/A |
EPS(TTM)-2.32
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)5.56
FCFY67.07%
OCF(TTM)5.56
OCFY67.07%
SpS8.64
BVpS27.94
TBVpS27.94
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.64% | ||
| ROE | -8.08% | ||
| ROCE | 5.48% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.82% | ||
| ROICexgc | 3.82% | ||
| OM | 43.87% | ||
| PM (TTM) | N/A | ||
| GM | 48.81% | ||
| FCFM | 64.36% |
ROA(3y)-1.21%
ROA(5y)0.56%
ROE(3y)-3.62%
ROE(5y)1.23%
ROIC(3y)4.65%
ROIC(5y)4.46%
ROICexc(3y)4.7%
ROICexc(5y)4.51%
ROICexgc(3y)4.7%
ROICexgc(5y)4.51%
ROCE(3y)6.6%
ROCE(5y)6.28%
ROICexgc growth 3Y4.29%
ROICexgc growth 5Y11.1%
ROICexc growth 3Y4.29%
ROICexc growth 5Y11.1%
OM growth 3Y-3.24%
OM growth 5Y0.9%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.55%
GM growth 5Y-2.32%
F-Score4
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | 9.55 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 1.62 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.26 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | -0.01 |
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)-182.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.67%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.17%
Revenue growth 3Y-2.87%
Revenue growth 5Y3.57%
Sales Q2Q%0.49%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-9.95%
EBIT growth 3Y-6.02%
EBIT growth 5Y4.5%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.06%
FCF growth 3Y-0.71%
FCF growth 5Y5.25%
OCF growth 1Y-11.06%
OCF growth 3Y-0.71%
OCF growth 5Y5.25%
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.
What is the profitability of TNT-UN stock?
TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) has a profitability rating of 2 / 10.
How financially healthy is TRUE NORTH COMMERCIAL REAL E?
The financial health rating of TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) is 3 / 10.
Is the dividend of TRUE NORTH COMMERCIAL REAL E sustainable?
The dividend rating of TRUE NORTH COMMERCIAL REAL E (TNT-UN.CA) is 5 / 10 and the dividend payout ratio is -15.65%.