Morguard Real Estate Investment Trust
TSX:MRT.UN
Intrinsic Value
Morguard Real Estate Investment Trust is a closed-end investment trust. [ Read More ]
The intrinsic value of one
MRT.UN
stock under the Base Case scenario is
35.15
CAD.
Compared to the current market price of 5.36 CAD,
Morguard Real Estate Investment Trust
is
Undervalued by 85%.
MRT.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 Real Estate Investment Trust's market capitalization is 344.5m CAD.
MRT.UN stock price is 5.36 CAD.
MRT.UN stock price (5.36 CAD) is 85% less than its Intrinsic Value (35.15 CAD).
MRT.UN stock price (5.36 CAD) is 72% less than its Relative Value (18.95 CAD). Open Relative Valuation
MRT.UN has upside potential of 5% compared to the average analyst price target.
Open Wall St Estimates
MRT.UN's Revenue has been growing by 0% per year for the last 3 years.
MRT.UN's ROIC (Return on Invested Capital) has increased in the last 3 years from 5% to 5%.
MRT.UN's Revenue has grown by 5% over the past 12 months.
MRT.UN's D/E (Debt to Equity) is very low and is equal to 0.97.
MRT.UN's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 5%.
MRT.UN has positive three-year average ROIC (Return on Invested Capital): 5%. The company is efficient at using invested capital to generate operating income.
MRT.UN's ROE (Return on Equity) has significantly increased in the last 3 years from -19% to -7%, and is approaching profitability.
MRT.UN's long-term assets (2B CAD) exceed its long-term liabilties (1B CAD).
MRT.UN's ROE (Return on Equity) for the past 12 months is negative and is equal to -7%.
MRT.UN has positive Operating Income for the last twelve months.
MRT.UN has negative Net Income for the last twelve months.
MRT.UN has positive Gross Profit for the last twelve months.
MRT.UN has negative three-year average ROE (Return on Equity): -8%. The company is not efficient at transforming stockholders' equity into net income.
MRT.UN has positive Free Cash Flow for the last twelve months.
MRT.UN's short-term liabilties (464m CAD) exceed its short-term assets (18m CAD).
MRT.UN has positive Net Debt. This means that the company has more debt (928m CAD) than cash and short-term investments (7m CAD).
MRT.UN's Altman Z-Score is very low and is equal to 0.44.
MRT.UN generates enough operating income (121m CAD) to cover interest payments on its debt (61m CAD).
Valuation Backtest
Morguard Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
MRT.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 Real Estate Investment Trust
Balance Sheet Decomposition
Morguard Real Estate Investment Trust
| Current Assets | 17.8m |
| Cash & Short-Term Investments | 7.3m |
| Receivables | 9.3m |
| Other Current Assets | 1.2m |
| Non-Current Assets | 2.3B |
| Long-Term Investments | 2.3B |
| Current Liabilities | 464.1m |
| Accounts Payable | 51.1m |
| Short-Term Debt | 78.7m |
| Other Current Liabilities | 334.3m |
| Non-Current Liabilities | 855m |
| Long-Term Debt | 849m |
| Other Non-Current Liabilities | 6m |
Earnings Waterfall
Morguard Real Estate Investment Trust
|
Revenue
|
255.1m
CAD
|
|
Cost of Revenue
|
-129.1m
CAD
|
|
Gross Profit
|
126m
CAD
|
|
Operating Expenses
|
-5.2m
CAD
|
|
Operating Income
|
120.8m
CAD
|
|
Other Expenses
|
-195.2m
CAD
|
|
Net Income
|
-74.4m
CAD
|
Free Cash Flow Analysis
Morguard Real Estate Investment Trust
What is Free Cash Flow?
MRT.UN Profitability Score
Profitability Due Diligence
Morguard Real Estate Investment Trust's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
Score
Morguard Real Estate Investment Trust's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
MRT.UN Solvency Score
Solvency Due Diligence
Morguard Real Estate Investment Trust's solvency score is 19/100. The higher the solvency score, the more solvent the company is.
Score
Morguard Real Estate Investment Trust's solvency score is 19/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MRT.UN Price Targets Summary
Morguard Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
MRT.UN
is 5.61 CAD
with a low forecast of 5.05 CAD and a high forecast of 6.3 CAD.
Shareholder Return
MRT.UN Price
Morguard Real Estate Investment Trust
| Average Annual Return | -10.08% |
| Standard Deviation of Annual Returns | 26.36% |
| Max Drawdown | -66% |
| Market Capitalization | 344.5m CAD |
| Shares Outstanding | 64 272 400 |
| Percentage of Shares Shorted | 9.69% |
Company Profile
Morguard Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
Morguard Real Estate Investment Trust is a closed-end investment trust. The company is headquartered in Mississauga, Ontario. The Trust operates through three segments: retail, office and industrial. The Trust's retail portfolio includes two categories of properties: enclosed full-scale, regional shopping centers that are dominant in their respective markets, and community strip centers that are primarily anchored by food retailers, discount department stores and banking institutions. The Trust's office portfolio is focused on properties in Canadian urban centers. The Trust's industrial portfolio has an interest in approximately four industrial properties located in Ontario. The company owns a real estate portfolio of approximately 46 retail, office and industrial properties consisting of approximately 8.3 million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec.
Contact
IPO
Employees
Officers
The intrinsic value of one
MRT.UN
stock under the Base Case scenario is
35.15
CAD.
Compared to the current market price of 5.36 CAD,
Morguard Real Estate Investment Trust
is
Undervalued by 85%.
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