Company Valuation: Canadian Apartment Properties Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,502 7,343 8,264 7,098 5,739 5,524 - -
Change - -30.08% 12.54% -14.11% -19.15% -3.73% - -
Enterprise Value (EV) 1 10,502 14,347 8,264 7,098 5,739 11,577 11,629 5,524
Change - 36.62% -42.4% -14.11% -19.15% 101.75% 0.44% -52.49%
P/E 7.49x 547x -20.2x 24.6x 29.9x 47.7x 14x -
PBR - - - - - - - -
PEG - -5.5x 0x -0x -1x -1.2x 0x -
Capitalization / Revenue 11.3x 7.29x 7.76x 6.38x 5.72x 5.53x 5.41x 5.29x
EV / Revenue 11.3x 14.2x 7.76x 6.38x 5.72x 11.6x 11.4x 5.29x
EV / EBITDA 18.3x 23.4x 13x 10.5x 9.52x 19.2x 18.7x -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.409 1.45 1.45 1.471 1.546 1.566 1.592 -
Rate of return 2.35% 3.4% 2.97% 3.45% 4.19% 4.38% 4.45% -
EPS 2 8.003 0.078 -2.419 1.73 1.232 0.75 2.55 -
Distribution rate 17.6% 1,859% -59.9% 85% 125% 209% 62.4% -
Net sales 1 933.1 1,007 1,065 1,113 1,003 999 1,022 1,044
EBITDA 1 575.2 612.4 636.2 673.1 603.1 601.8 621.3 -
EBIT - - - - - - - -
Net income 1 1,393 13.64 -411.6 292.7 197.1 115.3 398.1 397.8
Net Debt 1 - 7,004 - - - 6,053 6,104 -
Reference price 2 59.96 42.68 48.80 42.63 36.87 35.74 35.74 35.74
Nbr of stocks (in thousands) 175,145 172,046 169,339 166,492 155,642 154,573 - -
Announcement Date 2/23/22 2/22/23 2/22/24 2/13/25 2/12/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.8x11.62x19.04x3.75% 26.94B
49.93x10.7x17.94x4.12% 25.62B
48.72x13.26x19.93x3.54% 18.98B
39.75x9.24x17.15x3.95% 18.09B
41.51x9.91x17.72x4.37% 16.38B
53.32x8.02x18.45x3.67% 14.94B
46.62x10.96x17.63x4.35% 12.99B
31.7x10x20.57x3.37% 12.46B
45.3x9.22x17.35x3.85% 12.29B
Average 43.40x 10.33x 18.42x 3.89% 17.63B
Weighted average by Cap. 43.28x 10.52x 18.43x 3.89%

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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  5. Valuation Canadian Apartment Properties Real Estate Investment Trust