MEQ:CA:TSX-Mainstreet Equity Corp. (CAD)

EQUITY | Real Estate Services | Toronto Stock Exchange

Last Closing

CAD 192.41

Change

0.00 (0.00)%

Market Cap

CAD 0.29B

Volume

2.02K

Analyst Target

CAD 90.75
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Mainstreet Equity Corp is engaged in the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings in four Canadian markets : Vancouver/ Lower Mainland, Calgary, Edmonton, and Saskatoon.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-08-03 )

ETFs Containing MEQ:CA

N/A

Market Performance

  Market Performance vs. Industry/Classification (Real Estate Services) Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 31.77% 70% C- 92% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 31.77% 65% D 91% A-
Trailing 12 Months  
Capital Gain 40.45% 100% F 93% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 40.45% 100% F 92% A
Trailing 5 Years  
Capital Gain 209.34% 100% F 94% A
Dividend Return N/A N/A N/A N/A N/A
Total Return 209.34% 100% F 93% A
Average Annual (5 Year Horizon)  
Capital Gain 25.88% 100% F 89% A-
Dividend Return 25.88% 100% F 89% A-
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 24.21% 60% D- 39% F
Risk Adjusted Return 106.92% 100% F 98% N/A
Market Capitalization 0.29B 44% F 75% C

Key Financial Ratios

  Ratio vs. Industry/Classification (Real Estate Services) Ratio vs. Market (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 9.80 41% 50%
Price/Book Ratio 1.28 60% 52%
Price / Cash Flow Ratio 25.24 56% 8%
Price/Free Cash Flow Ratio 13.67 82% 21%
Management Effectiveness  
Return on Equity 9.38% 47% 66%
Return on Invested Capital 4.09% 50% 39%
Return on Assets 2.56% 80% 50%
Debt to Equity Ratio 107.55% 50% 32%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

What to not like:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Poor capital utilization

The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.