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 1 691.8 633.5 557.6 623.8 606.7 568.1 - -
Change - -8.42% -11.98% 11.86% -2.75% -6.36% - -
Enterprise Value (EV) 691.8 633.5 557.6 623.8 606.7 568.1 568.1 568.1
Change - -8.42% -11.98% 11.86% -2.75% -6.36% 0% 0%
P/E - 4.09x 4.9x 9.55x 8.55x 10.1x 11.4x -
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0.7x -0.5x -1x -
Capitalization / Revenue 2.82x 2.27x 1.68x 1.81x 1.71x 1.6x 1.49x 1.45x
EV / Revenue 0x 0x 0x 0x 0x 1.6x 1.49x 1.45x
EV / EBITDA 0x 0x 0x 0x 0x 3.44x 3.12x 3.1x
EV / EBIT - - - - - - - -
EV / FCF 0x 0x -0x 0x 0x -8.74x -17.8x -
FCF Yield 4.87% 5.42% -21.5% 6.11% 2.71% -11.4% -5.63% -
Dividend per Share 2 0.6996 0.703 0.7233 0.7434 0.765 0.79 0.805 0.825
Rate of return 3.95% 4.34% 4.9% 4.33% 4.4% 4.86% 4.95% 5.08%
EPS 2 - 3.957 3.014 1.796 2.032 1.61 1.43 -
Distribution rate - 17.8% 24% 41.4% 37.6% 49.1% 56.3% -
Net sales 1 245.6 278.5 331.6 344.2 354.6 354.9 381.9 392.5
EBITDA 1 115.2 135.4 158.6 159 165.3 165.4 181.9 183.5
EBIT - - - - - - - -
Net income - - - - - - - -
Net Debt - - - - - - - -
Reference price 2 17.71 16.20 14.77 17.15 17.37 16.25 16.25 16.25
Nbr of stocks (in thousands) 39,060 39,107 37,755 36,374 34,926 34,957 - -
Announcement Date 15/2/22 14/2/23 13/2/24 11/2/25 10/2/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.26x11.39x18.73x3.84% 26.33B
50.45x10.48x17.66x4.23% 24.92B
48.26x12.97x19.58x3.64% 18.26B
36.82x8.83x16.89x4.04% 17.55B
35.86x9.48x16.88x4.64% 15.35B
56.59x8.73x19.63x3.59% 15.04B
31.65x10.06x20.72x3.32% 12.63B
41.84x10.63x17.07x4.55% 12.26B
44.28x9.08x17.32x3.93% 12.03B
Average 42.22x 10.18x 18.28x 3.98% 17.15B
Weighted average by Cap. 42.32x 10.34x 18.27x 3.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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