Granite Real Estate Investment Trust
TSX:GRT.UN
Intrinsic Value
Granite Real Estate Investment Trust engages in the development, management, rental, and ownership of industrial, warehouse, and logistic properties. [ Read More ]
The intrinsic value of one
GRT.UN
stock under the Base Case scenario is
89.26
CAD.
Compared to the current market price of 69.85 CAD,
Granite Real Estate Investment Trust
is
Undervalued by 22%.
Granite Real Estate Investment Trust's market capitalization is 4.4B CAD.
GRT.UN stock price is 69.85 CAD.
GRT.UN stock price (69.85 CAD) is 22% less than its Intrinsic Value (89.26 CAD).
GRT.UN stock price (69.85 CAD) is 35% less than its Relative Value (107.14 CAD). Open Relative Valuation
GRT.UN has upside potential of 29% compared to the average analyst price target.
Open Wall St Estimates
GRT.UN's ROIC (Return on Invested Capital) has increased in the last 3 years from 4% to 5%.
GRT.UN's Revenue has grown by 14% over the past 12 months.
GRT.UN has positive three-year average ROE (Return on Equity): 13%. The company is efficient at transforming stockholders' equity into net income.
GRT.UN's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 5%.
GRT.UN's ROE (Return on Equity) for the past 12 months is very low and is equal to 3%.
GRT.UN's Revenue has been growing by 15% per year for the last 3 years.
GRT.UN's ROE (Return on Equity) has significantly decreased in the last 3 years from 16% to 3%.
GRT.UN has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
GRT.UN has positive Operating Income for the last twelve months.
GRT.UN has positive Net Income for the last twelve months.
GRT.UN's D/E (Debt to Equity) is very low and is equal to 0.54.
GRT.UN's long-term assets (9B CAD) exceed its long-term liabilties (4B CAD).
GRT.UN has positive Gross Profit for the last twelve months.
GRT.UN's short-term liabilties (384m CAD) exceed its short-term assets (152m CAD).
GRT.UN has positive Free Cash Flow for the last twelve months.
GRT.UN's Altman Z-Score is very low and is equal to 1.17.
GRT.UN generates enough operating income (393m CAD) to cover interest payments on its debt (73m CAD).
GRT.UN has positive Net Debt. This means that the company has more debt (3B CAD) than cash and short-term investments (116m CAD).
Valuation Backtest
Granite Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
GRT.UN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Granite Real Estate Investment Trust
Balance Sheet Decomposition
Granite Real Estate Investment Trust
| Current Assets | 151.7m |
| Cash & Short-Term Investments | 116.1m |
| Receivables | 12.8m |
| Other Current Assets | 22.8m |
| Non-Current Assets | 8.9B |
| Long-Term Investments | 8.8B |
| PP&E | 3.1m |
| Other Non-Current Assets | 103.4m |
| Current Liabilities | 384.5m |
| Accounts Payable | 11.4m |
| Accrued Liabilities | 67.3m |
| Other Current Liabilities | 305.8m |
| Non-Current Liabilities | 3.4B |
| Long-Term Debt | 2.9B |
| Other Non-Current Liabilities | 550.7m |
Earnings Waterfall
Granite Real Estate Investment Trust
|
Revenue
|
521.3m
CAD
|
|
Cost of Revenue
|
-86m
CAD
|
|
Gross Profit
|
435.2m
CAD
|
|
Operating Expenses
|
-42.7m
CAD
|
|
Operating Income
|
392.5m
CAD
|
|
Other Expenses
|
-255.9m
CAD
|
|
Net Income
|
136.7m
CAD
|
Free Cash Flow Analysis
Granite Real Estate Investment Trust
What is Free Cash Flow?
GRT.UN Profitability Score
Profitability Due Diligence
Granite Real Estate Investment Trust's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
Score
Granite Real Estate Investment Trust's profitability score is 63/100. The higher the profitability score, the more profitable the company is.
GRT.UN Solvency Score
Solvency Due Diligence
Granite Real Estate Investment Trust's solvency score is 34/100. The higher the solvency score, the more solvent the company is.
Score
Granite Real Estate Investment Trust's solvency score is 34/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
GRT.UN Price Targets Summary
Granite Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
GRT.UN
is 90.08 CAD
with a low forecast of 84.84 CAD and a high forecast of 101.33 CAD.
Shareholder Return
GRT.UN Price
Granite Real Estate Investment Trust
| Average Annual Return | 10.19% |
| Standard Deviation of Annual Returns | 30.21% |
| Max Drawdown | -45% |
| Market Capitalization | 4.4B CAD |
| Shares Outstanding | 63 900 000 |
| Percentage of Shares Shorted | 0.43% |
Company Profile
Granite Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
Granite Real Estate Investment Trust engages in the development, management, rental, and ownership of industrial, warehouse, and logistic properties. The company is headquartered in Toronto, Ontario and currently employs 58 full-time employees. The company went IPO on 2003-08-20. The firm owns approximately 114 investment properties in seven countries having approximately 49.4 million square feet of gross leasable area. The company has a team of approximately 53 real estate professionals, which is engaged in operations, leasing, development, investment and asset management. The Company’s investment properties consist of income-producing properties, properties under development and land held for development. The income-producing properties are for industrial use and can be categorized as modern logistics/distribution warehouse facilities, multi-purpose facilities, which are tenantable by a variety of users, or special purpose properties designed and built with specialized features and leased to Magna.
Contact
IPO
Employees
Officers
The intrinsic value of one
GRT.UN
stock under the Base Case scenario is
89.26
CAD.
Compared to the current market price of 69.85 CAD,
Granite Real Estate Investment Trust
is
Undervalued by 22%.
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