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Mainstreet Equity Corp
TSX:MEQ

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Mainstreet Equity Corp Logo
Mainstreet Equity Corp
TSX:MEQ
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Price: 187.91 CAD 1.1% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Mainstreet Equity Corp. is a real estate company, which engages in the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. [ Read More ]

The intrinsic value of one MEQ stock under the Base Case scenario is 173.47 CAD. Compared to the current market price of 187.91 CAD, Mainstreet Equity Corp is Overvalued by 8%.

Key Points:
MEQ Intrinsic Value
Base Case
173.47 CAD
Overvaluation 8%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Mainstreet Equity Corp

Backtest MEQ Intrinsic Value
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Run backtest to discover the historical profit from buying and selling MEQ stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

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Fundamental Analysis

Financials

Balance Sheet Decomposition
Mainstreet Equity Corp

Current Assets 169.2m
Cash & Short-Term Investments 142m
Receivables 2m
Other Current Assets 25.2m
Non-Current Assets 3.2B
Long-Term Investments 3.2B
PP&E 7m
Intangibles 673k
Current Liabilities 168.4m
Accounts Payable 12.7m
Other Current Liabilities 155.7m
Non-Current Liabilities 1.8B
Long-Term Debt 1.5B
Other Non-Current Liabilities 269m
Efficiency

Earnings Waterfall
Mainstreet Equity Corp

Revenue
219.5m CAD
Cost of Revenue
-81.3m CAD
Gross Profit
138.3m CAD
Operating Expenses
-19.2m CAD
Operating Income
119.1m CAD
Other Expenses
43.9m CAD
Net Income
163m CAD

Free Cash Flow Analysis
Mainstreet Equity Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

MEQ Profitability Score
Profitability Due Diligence

Mainstreet Equity Corp's profitability score is 64/100. The higher the profitability score, the more profitable the company is.

64/100
Profitability
Score

Mainstreet Equity Corp's profitability score is 64/100. The higher the profitability score, the more profitable the company is.

MEQ Solvency Score
Solvency Due Diligence

Mainstreet Equity Corp's solvency score is 41/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Average D/E
Low Altman Z-Score
41/100
Solvency
Score

Mainstreet Equity Corp's solvency score is 41/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MEQ Price Targets Summary
Mainstreet Equity Corp

Wall Street analysts forecast MEQ stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MEQ is 188.7 CAD with a low forecast of 186.85 CAD and a high forecast of 194.25 CAD.

Lowest
Price Target
186.85 CAD
1% Downside
Average
Price Target
188.7 CAD
0% Upside
Highest
Price Target
194.25 CAD
3% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MEQ Price
Mainstreet Equity Corp

1M 1M
+9%
6M 6M
+41%
1Y 1Y
+49%
3Y 3Y
+130%
5Y 5Y
+293%
10Y 10Y
+410%
Annual Price Range
187.91
52w Low
125.84
52w High
191
Price Metrics
Average Annual Return 29.47%
Standard Deviation of Annual Returns 36.82%
Max Drawdown -55%
Shares Statistics
Market Capitalization 1.8B CAD
Shares Outstanding 9 319 200
Percentage of Shares Shorted 3.19%

MEQ Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Mainstreet Equity Corp Logo
Mainstreet Equity Corp

Country

Canada

Industry

Real Estate

Market Cap

1.8B CAD

Dividend Yield

0.06%

Description

Mainstreet Equity Corp. is a real estate company, which engages in the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The company is headquartered in Calgary, Alberta and currently employs 449 full-time employees. The firm owns and manages properties in Calgary, Edmonton, Vancouver/Lower Mainland BC, Saskatoon, Regina, Kamloops, and Lethbridge. The Company’s properties include Airdrie Apartments, Calgary Apartments, Cochrane Apartments, Edmonton Apartments, Fort Saskatchewan Apartments, Lethbridge Apartments, Abbotsford Apartments, Chilliwack Apartments, Courtenay Apartments, Kamloops Apartments, New Westminster Apartments, Penticton Apartments, Vernon Apartments, Manitoba, Winnipeg Apartments, Saskatchewan, Regina Apartments, and Saskatoon Apartments. The firm also provides student housing facilities, including MacEwan University, Mount Royal University, Simon Fraser University, University of Calgary, University of Fraser Valley, University of Lethbridge, University of Regina, and the University of Saskatchewan.

Contact

ALBERTA
Calgary
305 10 Ave SE
+14032156060.0
https://www.mainst.biz/

IPO

1998-05-29

Employees

449

Officers

Founder, President, CEO & Director
Mr. Navjeet Singh Dhillon
Chief Financial Officer
Ms. Trina N. Cui
Head of Communications, Culture & Inclusivity
Mr. Jesse Greenwell
Human Resources Manager
Ms. Luckresha Baker
Treasurer, Corporate Secretary & Director
Mr. Joseph B. Amantea

See Also

Discover More
What is the Intrinsic Value of one MEQ stock?

The intrinsic value of one MEQ stock under the Base Case scenario is 173.47 CAD.

Is MEQ stock undervalued or overvalued?

Compared to the current market price of 187.91 CAD, Mainstreet Equity Corp is Overvalued by 8%.