Morguard Real Estate Investment Trust
TSX:MRT.UN

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Morguard Real Estate Investment Trust Logo
Morguard Real Estate Investment Trust
TSX:MRT.UN
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Price: 6.15 CAD 0.33% Market Closed
Market Cap: 404.1m CAD
Section:
 

Relative Value

The Relative Value of one MRT.UN stock under the Base Case scenario is 18.41 CAD. Compared to the current market price of 6.15 CAD, Morguard Real Estate Investment Trust is Undervalued by 67%.

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.

MRT.UN Relative Value
Base Case
18.41 CAD
Undervaluation 67%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.7
P/S
P/S
Price to Sales
1.7
vs History
0
vs Industry
67
Median 3Y
1.4
Median 5Y
1.4
Industry
3.8
Forward
1.7
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-4.1
Median 5Y
-2.7
Industry
16.2
Forward
86.5
More Details
8.8
P/OCF
P/OCF
Price to OCF
8.8
vs History
0
vs Industry
50
Median 3Y
6.2
Median 5Y
5.4
Industry
11.2
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
7
Median 3Y
-32.9
Median 5Y
-18
Industry
12.8
More Details
0.5
P/B
P/B
Price to Book Value
0.5
vs History
0
vs Industry
71
Median 3Y
0.4
Median 5Y
0.3
Industry
0.9
More Details
5.9
EV/S
EV/S
Enterprise Value to Sales
5.9
vs History
0
vs Industry
50
Median 3Y
5.2
Median 5Y
5.3
Industry
6.9
Forward
6.1
More Details
12.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
12.3
vs History
0
vs Industry
50
Median 3Y
10.5
Median 5Y
10.5
Industry
12.5
More Details
12.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.7
vs History
0
vs Industry
52
Median 3Y
10.8
Median 5Y
10.8
Industry
15.8
Forward
12.8
More Details
12.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
12.7
vs History
0
vs Industry
54
Median 3Y
10.8
Median 5Y
10.8
Industry
19.1
More Details
31.1
EV/OCF
EV/OCF
Enterprise Value to OCF
31.1
vs History
4
vs Industry
23
Median 3Y
22.8
Median 5Y
19.8
Industry
18.5
More Details
31.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
31.1
vs History
4
vs Industry
25
Median 3Y
22.8
Median 5Y
19.8
Industry
20.5
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
0
vs Industry
54
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8
More Details

Multiples Across Competitors

MRT.UN Competitors Multiples
Morguard Real Estate Investment Trust Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Morguard Real Estate Investment Trust
TSX:MRT.UN
404m CAD 1.7 -9.2 12.7 12.7
ZA
Growthpoint Properties Ltd
JSE:GRT
57B Zac 0 0 0 0
ZA
Redefine Properties Ltd
JSE:RDF
37.8B Zac 0 0 0 0
US
WP Carey Inc
NYSE:WPC
14.2B USD 8.5 39 16.5 26.2
ZA
Attacq Ltd
JSE:ATT
11.3B Zac 0 0 0 0
ZA
Fairvest Ltd
JSE:FTA
11.1B Zac 0 0 0 0
JP
KDX Realty Investment Corp
OTC:KDXRF
9.5B USD 18.8 43.4 39.1 49.2
AU
Stockland Corporation Ltd
ASX:SGP
14B AUD 4.5 16.9 23.2 23.2
ZA
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
8.6B Zac 0 0 0 0
ES
MERLIN Properties SOCIMI SA
MAD:MRL
6.8B EUR 13.1 10.6 26.5 26.8
AU
Charter Hall Group
ASX:CHC
11.9B AUD 17.2 52.5 26.3 26.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Morguard Real Estate Investment Trust
TSX:MRT.UN
Average EV/EBITDA: 24
12.7
0%
N/A
ZA
G
Growthpoint Properties Ltd
JSE:GRT
Not Available
-1%
N/A
ZA
R
Redefine Properties Ltd
JSE:RDF
Not Available
1%
N/A
US
WP Carey Inc
NYSE:WPC
16.5
8%
2.1
ZA
A
Attacq Ltd
JSE:ATT
Not Available N/A N/A
ZA
F
Fairvest Ltd
JSE:FTA
Not Available N/A N/A
JP
KDX Realty Investment Corp
OTC:KDXRF
39.1
-2%
N/A
AU
Stockland Corporation Ltd
ASX:SGP
23.2
19%
1.2
ZA
S
SA Corporate Real Estate Fund Managers (Pty) Ltd
JSE:SAC
Not Available
0%
N/A
ES
MERLIN Properties SOCIMI SA
MAD:MRL
26.5
10%
2.6
AU
Charter Hall Group
ASX:CHC
26.3
21%
1.3

See Also

Summary
MRT.UN intrinsic value, competitors valuation, and company profile.
DCF Valuation
MRT.UN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MRT.UN stock valuation using valuation multiples.
Wall Street Estimates
MRT.UN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MRT.UN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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