XTSE
MRC
Market cap862mUSD
Apr 11, Last price
111.50CAD
1D
-0.24%
1Q
0.45%
Jan 2017
-36.61%
Name
Morguard Corp
Chart & Performance
Profile
Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms. It also offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; real estate advisory services; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. The company is headquartered in Mississauga, Canada. Morguard Corporation is a subsidiary of Paros Enterprises Limited.
Valuation
Title CAD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 1,107,723 -9.82% | 1,228,352 9.67% | 1,120,025 9.60% | |||||||
Cost of revenue | 589,008 | 594,321 | 619,662 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 518,715 | 634,031 | 500,363 | |||||||
NOPBT Margin | 46.83% | 51.62% | 44.67% | |||||||
Operating Taxes | 58,837 | 23,349 | 23,208 | |||||||
Tax Rate | 11.34% | 3.68% | 4.64% | |||||||
NOPAT | 459,878 | 610,682 | 477,155 | |||||||
Net income | 261,799 252.94% | 74,176 -39.58% | 122,771 -50.84% | |||||||
Dividends | (6,983) | (6,493) | (6,621) | |||||||
Dividend yield | 0.56% | 0.56% | 0.53% | |||||||
Proceeds from repurchase of equity | (11,252) | (21,310) | (8,478) | |||||||
BB yield | 0.90% | 1.84% | 0.68% | |||||||
Debt | ||||||||||
Debt current | 948,554 | 1,771,716 | 1,211,859 | |||||||
Long-term debt | 4,660,146 | 4,204,637 | 4,760,869 | |||||||
Deferred revenue | 7,319,781 | |||||||||
Other long-term liabilities | 434,721 | 393,695 | (6,865,356) | |||||||
Net debt | 5,316,724 | 5,666,430 | 5,636,383 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 263,490 | 297,891 | 252,854 | |||||||
CAPEX | (3,278) | (6,636) | (1,664) | |||||||
Cash from investing activities | 371,389 | (332,164) | (84,509) | |||||||
Cash from financing activities | (613,370) | 37,652 | (234,489) | |||||||
FCF | 11,078,805 | (9,743,106) | 596,192 | |||||||
Balance | ||||||||||
Cash | 140,725 | 116,517 | 111,808 | |||||||
Long term investments | 151,251 | 193,406 | 224,537 | |||||||
Excess cash | 236,590 | 248,505 | 280,344 | |||||||
Stockholders' equity | 4,719,256 | 4,343,090 | 7,850,146 | |||||||
Invested Capital | 10,354,624 | 10,293,880 | 10,359,763 | |||||||
ROIC | 4.45% | 5.91% | 4.67% | |||||||
ROCE | 4.51% | 5.57% | 4.37% | |||||||
EV | ||||||||||
Common stock shares outstanding | 10,806 | 10,903 | 11,079 | |||||||
Price | 116.32 9.76% | 105.98 -5.76% | 112.46 -17.59% | |||||||
Market cap | 1,256,954 8.78% | 1,155,500 -7.26% | 1,245,944 -17.75% | |||||||
EV | 7,000,511 | 7,277,470 | 10,867,219 | |||||||
EBITDA | 529,728 | 657,107 | 526,877 | |||||||
EV/EBITDA | 13.22 | 11.08 | 20.63 | |||||||
Interest | 247,805 | 257,938 | 222,960 | |||||||
Interest/NOPBT | 47.77% | 40.68% | 44.56% |