Morguard North American Residential Real Estate Investment Trust
TSX:MRG.UN
Intrinsic Value
Morguard North American Residential REIT is an open-ended real estate investment trust. [ Read More ]
The intrinsic value of one
MRG.UN
stock under the Base Case scenario is
33
CAD.
Compared to the current market price of 15.59 CAD,
Morguard North American Residential Real Estate Investment Trust
is
Undervalued by 53%.
MRG.UN could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Morguard North American Residential Real Estate Investment Trust's market capitalization is 608.9m CAD.
MRG.UN stock price is 15.59 CAD.
MRG.UN stock price (15.59 CAD) is 53% less than its Intrinsic Value (33 CAD).
MRG.UN stock (13.09 CAD) is 16% less than its price (15.59 CAD). Open DCF Valuation
MRG.UN stock price (15.59 CAD) is 71% less than its Relative Value (52.9 CAD). Open Relative Valuation
MRG.UN has upside potential of 31% compared to the average analyst price target.
Open Wall St Estimates
MRG.UN's ROE (Return on Equity) for the past 12 months is positive and is equal to 10%.
MRG.UN's ROIC (Return on Invested Capital) has decreased in the last 3 years from 5% to 4%.
MRG.UN's ROE (Return on Equity) has increased in the last 3 years from 8% to 10%.
MRG.UN's Revenue has grown by 19% over the past 12 months.
MRG.UN's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.
MRG.UN has positive three-year average ROE (Return on Equity): 14%. The company is efficient at transforming stockholders' equity into net income.
MRG.UN's Revenue has been growing by 10% per year for the last 3 years.
MRG.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.
MRG.UN's D/E (Debt to Equity) is very low and is equal to 0.75.
MRG.UN's long-term assets (4B CAD) exceed its long-term liabilties (2B CAD).
MRG.UN has positive Operating Income for the last twelve months.
MRG.UN has positive Net Income for the last twelve months.
MRG.UN has positive Gross Profit for the last twelve months.
MRG.UN has positive Free Cash Flow for the last twelve months.
MRG.UN's short-term liabilties (222m CAD) exceed its short-term assets (43m CAD).
MRG.UN has positive Net Debt. This means that the company has more debt (1B CAD) than cash and short-term investments (18m CAD).
MRG.UN's Altman Z-Score is very low and is equal to 0.75.
MRG.UN generates enough operating income (180m CAD) to cover interest payments on its debt (58m CAD).
Valuation Backtest
Morguard North American Residential Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
MRG.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
Morguard North American Residential Real Estate Investment Trust
Balance Sheet Decomposition
Morguard North American Residential Real Estate Investment Trust
| Current Assets | 43.2m |
| Cash & Short-Term Investments | 17.8m |
| Receivables | 12.2m |
| Other Current Assets | 13.1m |
| Non-Current Assets | 4.1B |
| Long-Term Investments | 4.1B |
| Current Liabilities | 222.4m |
| Accounts Payable | 45.6m |
| Other Current Liabilities | 176.8m |
| Non-Current Liabilities | 2B |
| Long-Term Debt | 1.4B |
| Other Non-Current Liabilities | 624.7m |
Earnings Waterfall
Morguard North American Residential Real Estate Investment Trust
|
Revenue
|
331.6m
CAD
|
|
Cost of Revenue
|
-130.6m
CAD
|
|
Gross Profit
|
201m
CAD
|
|
Operating Expenses
|
-20.7m
CAD
|
|
Operating Income
|
180.2m
CAD
|
|
Other Expenses
|
-3.9m
CAD
|
|
Net Income
|
176.3m
CAD
|
Free Cash Flow Analysis
Morguard North American Residential Real Estate Investment Trust
MRG.UN Profitability Score
Profitability Due Diligence
Morguard North American Residential Real Estate Investment Trust's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Score
Morguard North American Residential Real Estate Investment Trust's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
MRG.UN Solvency Score
Solvency Due Diligence
Morguard North American Residential Real Estate Investment Trust's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Score
Morguard North American Residential Real Estate Investment Trust's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MRG.UN Price Targets Summary
Morguard North American Residential Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
MRG.UN
is 20.4 CAD
with a low forecast of 20.2 CAD and a high forecast of 21 CAD.
Shareholder Return
MRG.UN Price
Morguard North American Residential Real Estate Investment Trust
| Average Annual Return | 2.09% |
| Standard Deviation of Annual Returns | 11.45% |
| Max Drawdown | -48% |
| Market Capitalization | 608.9m CAD |
| Shares Outstanding | 39 060 100 |
| Percentage of Shares Shorted | 0.57% |
Company Profile
Morguard North American Residential Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
Morguard North American Residential REIT is an open-ended real estate investment trust. The company is headquartered in Mississauga, Ontario. The company went IPO on 2012-04-13. The objectives of the REIT are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of its assets and maximize long-term unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per unit primarily through acquisitions and improvement of its properties. The REIT owns a diversified real estate portfolio of approximately 43 multi-suite residential properties in North America. The real estate portfolio consists of approximately 16 Canadian residential apartment communities located in Alberta and Ontario and 27 United States low-rise and mid-rise apartment communities located in Colorado, Florida, Georgia, Illinois, Louisiana, Maryland, North Carolina, Texas and Virginia consisting of 12,255 residential suites.
Contact
IPO
Employees
Officers
The intrinsic value of one
MRG.UN
stock under the Base Case scenario is
33
CAD.
Compared to the current market price of 15.59 CAD,
Morguard North American Residential Real Estate Investment Trust
is
Undervalued by 53%.
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