Boardwalk Real Estate Investment Trust
TSX:BEI.UN

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Boardwalk Real Estate Investment Trust
TSX:BEI.UN
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Price: 70.95 CAD 2.72% Market Closed
Market Cap: 3.5B CAD

Relative Value

The Relative Value of one BEI.UN stock under the Base Case scenario is 129.2 CAD. Compared to the current market price of 70.95 CAD, Boardwalk Real Estate Investment Trust is Undervalued by 45%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BEI.UN Relative Value
Base Case
129.2 CAD
Undervaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
32
Median 3Y
6
Median 5Y
5.7
Industry
3.7
Forward
5.8
vs History
12
vs Industry
51
Median 3Y
6.3
Median 5Y
5.9
Industry
16.7
Forward
17.8
vs History
52
vs Industry
25
Median 3Y
17.2
Median 5Y
16
Industry
11.1
vs History
7
vs Industry
11
Median 3Y
24.5
Median 5Y
19.1
Industry
13.2
vs History
55
vs Industry
51
Median 3Y
0.8
Median 5Y
0.8
Industry
0.9
vs History
63
vs Industry
30
Median 3Y
11.2
Median 5Y
10.7
Industry
6.7
Forward
9.9
vs History
68
vs Industry
36
Median 3Y
15.8
Median 5Y
15.3
Industry
12.2
vs History
76
vs Industry
30
Median 3Y
21.4
Median 5Y
20.6
Industry
16
Forward
17.6
vs History
76
vs Industry
35
Median 3Y
22.1
Median 5Y
21.3
Industry
19.2
vs History
85
vs Industry
22
Median 3Y
31.5
Median 5Y
30.8
Industry
18.6
vs History
88
vs Industry
23
Median 3Y
32.1
Median 5Y
31.5
Industry
20.2
vs History
61
vs Industry
46
Median 3Y
0.8
Median 5Y
0.8
Industry
0.7

Multiples Across Competitors

BEI.UN Competitors Multiples
Boardwalk Real Estate Investment Trust Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Boardwalk Real Estate Investment Trust
TSX:BEI.UN
3.8B CAD 6.2 9.1 18.8 19.3
US
Avalonbay Communities Inc
NYSE:AVB
28.8B USD 9.8 25.2 20.8 39.9
US
Equity Residential
NYSE:EQR
25.4B USD 8.4 25.5 18.1 38.8
US
American Campus Communities Inc
F:FGA
17.8B EUR 21.3 369.3 52.1 128.1
US
Invitation Homes Inc
NYSE:INVH
20B USD 7.6 42 19.1 37.7
US
Essex Property Trust Inc
NYSE:ESS
18.3B USD 10.1 27.2 22.1 46.2
US
Mid-America Apartment Communities Inc
NYSE:MAA
17.6B USD 8 31.3 18.1 34.7
US
Sun Communities Inc
NYSE:SUI
16.5B USD 5.5 224.1 44.2 44.2
US
UDR Inc
NYSE:UDR
13.5B USD 8 114.2 19.5 65.7
US
American Homes 4 Rent
NYSE:AMH
13.2B USD 6 26 17.8 34.3
US
Camden Property Trust
NYSE:CPT
12.4B USD 8 105.2 18.2 54.1