Company Valuation: Morguard North American Residential Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 691.8 633.5 557.6 623.8 606.7 522.4 - -
Change - -8.42% -11.98% 11.86% -2.75% -13.88% - -
Enterprise Value (EV) 691.8 633.5 557.6 623.8 606.7 522.4 522.4 522.4
Change - -8.42% -11.98% 11.86% -2.75% -13.88% 0% 0%
P/E - 4.09x 4.9x 9.55x 8.55x 11.7x 10.3x 9.92x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0.7x -0.3x 0.8x 2.4x
Capitalization / Revenue 2.82x 2.27x 1.68x 1.81x 1.71x 1.49x 1.38x 1.33x
EV / Revenue 0x 0x 0x 0x 0x 1.49x 1.38x 1.33x
EV / EBITDA 0x 0x 0x 0x 0x 3.23x 2.91x 2.8x
EV / EBIT - - - - - - - -
EV / FCF 0x 0x -0x 0x 0x -18x -13.1x -
FCF Yield 4.87% 5.42% -21.5% 6.11% 2.71% -5.55% -7.66% -
Dividend per Share 2 0.6996 0.703 0.7233 0.7434 0.765 0.79 0.81 0.83
Rate of return 3.95% 4.34% 4.9% 4.33% 4.4% 5.27% 5.41% 5.54%
EPS 2 - 3.957 3.014 1.796 2.032 1.28 1.45 1.51
Distribution rate - 17.8% 24% 41.4% 37.6% 61.7% 55.9% 55%
Net sales 1 245.6 278.5 331.6 344.2 354.6 349.8 379.4 391.7
EBITDA 1 115.2 135.4 158.6 159 165.3 161.7 179.4 186.6
EBIT - - - - - - - -
Net income - - - - - - - -
Net Debt - - - - - - - -
Reference price 2 17.71 16.20 14.77 17.15 17.37 14.98 14.98 14.98
Nbr of stocks (in thousands) 39,060 39,107 37,755 36,374 34,926 34,876 - -
Announcement Date 15/02/22 14/02/23 13/02/24 11/02/25 10/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.7x - - 5.27% 373M
41.48x13.54x23.99x - 50.49B
48.08x12.37x18.85x3.82% 17.46B
31.52x8.19x15.74x4.36% 15.88B
-18.58x9.11x19.18x3.65% 14.57B
33.32x8.96x15.99x5.04% 14.12B
30.74x9.82x20.24x3.43% 12.27B
31.36x10.27x17.15x4.7% 11.73B
33.94x8.9x16.69x3.98% 11.83B
63.37x9.37x16.78x4.09% 10.64B
Average 30.69x 10.06x 18.29x 4.26% 15.93B
Weighted average by Cap. 34.26x 10.91x 19.63x 4.13%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Morguard North American Residential Real Estate Investment Trust

Historical PBR trend

Valuation ratios - PBR - Morguard North American Residential Real Estate Investment Trust

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Morguard North American Residential Real Estate Investment Trust

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Morguard North American Residential Real Estate Investment Trust


Year-on-year evolution of the Yield

Valuation ratios - Yield - Morguard North American Residential Real Estate Investment Trust
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