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 1 691.8 633.5 557.6 623.8 606.7 521.9 - -
Change - -8.42% -11.98% 11.86% -2.75% -13.97% - -
Enterprise Value (EV) 691.8 633.5 557.6 623.8 606.7 521.9 521.9 521.9
Change - -8.42% -11.98% 11.86% -2.75% -13.97% 0% 0%
P/E - 4.09x 4.9x 9.55x 8.55x 8.68x 11.2x 10.2x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0.7x -0.6x -0.5x 1.04x
Capitalization / Revenue 2.82x 2.27x 1.68x 1.81x 1.71x 1.47x 1.37x 1.33x
EV / Revenue 0x 0x 0x 0x 0x 1.47x 1.37x 1.33x
EV / EBITDA 0x 0x 0x 0x 0x 3.18x 2.88x 2.78x
EV / EBIT - - - - - - - -
EV / FCF 0x 0x -0x 0x 0x -5.67x 40.1x 30.7x
FCF Yield 4.87% 5.42% -21.5% 6.11% 2.71% -17.6% 2.49% 3.26%
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% 5.29% 5.39% 5.53%
EPS 2 - 3.957 3.014 1.796 2.032 1.72 1.33 1.46
Distribution rate - 17.8% 24% 41.4% 37.6% 45.9% 60.5% 56.5%
Net sales 1 245.6 278.5 331.6 344.2 354.6 354.9 381.9 392.5
EBITDA 1 115.2 135.4 158.6 159 165.3 164.2 181 188
EBIT - - - - - - - -
Net income - - - - - - - -
Net Debt - - - - - - - -
Reference price 2 17.71 16.20 14.77 17.15 17.37 14.93 14.93 14.93
Nbr of stocks (in thousands) 39,060 39,107 37,755 36,374 34,926 34,957 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/11/25 2/10/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.56x - - 5.36% 368M
41.26x12.82x22.85x - 47.37B
48.09x12.22x18.75x3.84% 17.36B
27.31x8.2x15.71x4.47% 15.89B
-30.56x8.49x18.64x3.93% 13.85B
31.83x8.77x15.56x5.16% 13.8B
29.26x9.53x19.48x3.57% 11.72B
31.81x8.55x16.01x4.24% 11.16B
32.65x9.84x16.01x5.13% 10.89B
87.57x8.92x16.02x4.28% 10.16B
Average 30.78x 9.70x 17.67x 4.44% 15.26B
Weighted average by Cap. 33.99x 10.47x 18.89x 4.31%

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

  1. Stock Market
  2. Stocks
  3. MRG.UN Stock
  4. Valuation Morguard North American Residential Real Estate Investment Trust
-40%: Exceptional extension
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