Killam Apartment REIT
TSX:KMP.UN
Intrinsic Value
Killam Apartment REIT engages in the ownership, management and development of multi-family residential properties. [ Read More ]
The intrinsic value of one
KMP.UN
stock under the Base Case scenario is
20.99
CAD.
Compared to the current market price of 17.52 CAD,
Killam Apartment REIT
is
Undervalued by 17%.
Killam Apartment REIT's market capitalization is 2.1B CAD.
KMP.UN stock price is 17.52 CAD.
KMP.UN stock price (17.52 CAD) is 17% less than its Intrinsic Value (20.99 CAD).
KMP.UN stock (12.53 CAD) is 28% less than its price (17.52 CAD). Open DCF Valuation
KMP.UN stock price (17.52 CAD) is 40% less than its Relative Value (29.44 CAD). Open Relative Valuation
KMP.UN has upside potential of 30% compared to the average analyst price target.
Open Wall St Estimates
KMP.UN's ROIC (Return on Invested Capital) has increased in the last 3 years from 4% to 4%.
KMP.UN's ROE (Return on Equity) for the past 12 months is positive and is equal to 11%.
KMP.UN's Revenue has grown by 6% over the past 12 months.
KMP.UN has positive three-year average ROE (Return on Equity): 11%. The company is efficient at transforming stockholders' equity into net income.
KMP.UN's ROE (Return on Equity) has increased in the last 3 years from 8% to 11%.
KMP.UN's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.
KMP.UN's Revenue has been growing by 10% per year for the last 3 years.
KMP.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.
KMP.UN's D/E (Debt to Equity) is very low and is equal to 0.73.
KMP.UN's long-term assets (5B CAD) exceed its long-term liabilties (3B CAD).
KMP.UN has positive Operating Income for the last twelve months.
KMP.UN has positive Net Income for the last twelve months.
KMP.UN has positive Gross Profit for the last twelve months.
KMP.UN has positive Free Cash Flow for the last twelve months.
KMP.UN's Altman Z-Score is very low and is equal to 0.9.
KMP.UN's short-term liabilties (501m CAD) exceed its short-term assets (41m CAD).
KMP.UN has positive Net Debt. This means that the company has more debt (2B CAD) than cash and short-term investments (14m CAD).
KMP.UN generates enough operating income (202m CAD) to cover interest payments on its debt (64m CAD).
Valuation Backtest
Killam Apartment REIT
Run backtest to discover the historical profit from buying and selling
KMP.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
Killam Apartment REIT
Balance Sheet Decomposition
Killam Apartment REIT
| Current Assets | 41m |
| Cash & Short-Term Investments | 14.1m |
| Receivables | 11.7m |
| Other Current Assets | 15.2m |
| Non-Current Assets | 5B |
| Long-Term Investments | 5B |
| PP&E | 9.9m |
| Other Non-Current Assets | 6.5m |
| Current Liabilities | 500.9m |
| Accounts Payable | 35.3m |
| Accrued Liabilities | 5.4m |
| Short-Term Debt | 70.6m |
| Other Current Liabilities | 389.7m |
| Non-Current Liabilities | 2.1B |
| Long-Term Debt | 1.7B |
| Other Non-Current Liabilities | 354.7m |
Earnings Waterfall
Killam Apartment REIT
|
Revenue
|
348.2m
CAD
|
|
Cost of Revenue
|
-124.1m
CAD
|
|
Gross Profit
|
224m
CAD
|
|
Operating Expenses
|
-21.6m
CAD
|
|
Operating Income
|
202.5m
CAD
|
|
Other Expenses
|
63.8m
CAD
|
|
Net Income
|
266.3m
CAD
|
Free Cash Flow Analysis
Killam Apartment REIT
What is Free Cash Flow?
KMP.UN Profitability Score
Profitability Due Diligence
Killam Apartment REIT's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Score
Killam Apartment REIT's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
KMP.UN Solvency Score
Solvency Due Diligence
Killam Apartment REIT's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Score
Killam Apartment REIT's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
KMP.UN Price Targets Summary
Killam Apartment REIT
According to Wall Street analysts, the average 1-year price target for
KMP.UN
is 22.79 CAD
with a low forecast of 20.71 CAD and a high forecast of 24.68 CAD.
Shareholder Return
KMP.UN Price
Killam Apartment REIT
| Average Annual Return | 2.93% |
| Standard Deviation of Annual Returns | 28.92% |
| Max Drawdown | -40% |
| Market Capitalization | 2.1B CAD |
| Shares Outstanding | 118 690 000 |
| Percentage of Shares Shorted | 0.34% |
Company Profile
Killam Apartment REIT
Country
Industry
Market Cap
Dividend Yield
Description
Killam Apartment REIT engages in the ownership, management and development of multi-family residential properties. The company is headquartered in Halifax, Nova Scotia. The company went IPO on 2000-12-21. The Trust specializes in the acquisition, management and development of multi-residential apartment buildings, manufactured home communities (MHCs) and commercial properties in Canada. Its segments include Apartment segment, MHC segment and Commercial. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada. Other segment includes 14 commercial properties. The Company’s subsidiaries include Killam Apartment General Partner Ltd, Killam Properties Inc., Killam Investments Inc., Blackshire Court Ltd and Killam Properties Apartments Trust.
Contact
IPO
Employees
Officers
The intrinsic value of one
KMP.UN
stock under the Base Case scenario is
20.99
CAD.
Compared to the current market price of 17.52 CAD,
Killam Apartment REIT
is
Undervalued by 17%.
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