Company Valuation: Canadian Net Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 162.3 127.7 99.56 102.2 116.4 138.4 -
Change - -21.33% -22.02% 2.64% 13.88% 18.93% -
Enterprise Value (EV) 162.3 127.7 99.56 102.2 116.4 138.4 138.4
Change - -21.33% -22.02% 2.64% 13.88% 18.93% 0%
P/E - - - - - - -
PBR - - - - - - -
PEG - - - - - - -
Capitalization / Revenue 8,562,522x 5,162,960x 3,749,953x 3,911,690x - - -
EV / Revenue - - - - - - -
EV / EBITDA 0x 0x 0x 0x 0x 7.61x 7.52x
EV / EBIT - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 0.3 0.34 0.345 0.345 0.348 0.36 0.3605
Rate of return 3.73% 5.48% 7.11% 6.94% 6.16% 5.37% 5.37%
EPS 2 - - - - - - -
Distribution rate - - - - - - -
Net sales 18.95 24.73 26.55 26.12 - - -
EBITDA 1 17.83 18.69 19.76 18.52 19.8 18.2 18.4
EBIT - - - - - - -
Net income - - - - - - -
Net Debt - - - - - - -
Reference price 2 8.040 6.200 4.850 4.970 5.650 6.710 6.710
Nbr of stocks (in thousands) 20,185 20,593 20,529 20,561 20,598 20,628 -
Announcement Date 3/23/22 3/22/23 3/20/24 3/18/25 3/17/26 - -
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - 5.37% 99.29M
40.22x15.97x16.21x5.18% 59.56B
17.07x23.68x28.62x3.38% 17.67B
9.39x12.53x15.35x5.31% 17.23B
20.63x17.08x24.32x4.89% 15.22B
10.48x13.88x16.51x5.08% 12.84B
9.48x21.66x29.3x2.93% 10.4B
28.26x11.2x17.59x3.84% 10.33B
15.54x12x18.66x6.19% 9.52B
26.96x7.23x11.38x5.95% 8.44B
Average 19.78x 15.03x 19.77x 4.81% 16.13B
Weighted average by Cap. 25.27x 15.76x 19.09x 4.83%

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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  3. NET.UN Stock
  4. Valuation Canadian Net Real Estate Investment Trust