Financials Summit Industrial Income REIT

Equities

SMU.UN

CA8661201167

Commercial REITs

Delayed Toronto S.E. 04:00:00 2023-02-21 pm EST 5-day change 1st Jan Change
23.48 CAD +0.09% Intraday chart for Summit Industrial Income REIT -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 493.1 919 1,651 2,286 4,138 4,311
Enterprise Value (EV) 1 1,007 1,790 2,785 3,431 5,446 5,730
P/E ratio 5.58 x 4.12 x 9.44 x 9.6 x 3.54 x 5.17 x
Yield 6.97% 5.4% 4.41% 3.96% 2.37% 2.11%
Capitalization / Revenue 8.39 x 9.59 x 11.2 x 11.8 x 18.9 x 16.8 x
EV / Revenue 17.1 x 18.7 x 18.9 x 17.8 x 24.8 x 22.4 x
EV / EBITDA - - - - - -
EV / FCF 50.2 x 42.1 x 80.4 x 74.2 x 43 x 55.7 x
FCF Yield 1.99% 2.37% 1.24% 1.35% 2.32% 1.8%
Price to Book 1.04 x 1.07 x 1.17 x 1.2 x 1.32 x 1.04 x
Nbr of stocks (in thousands) 67,084 96,129 136,904 167,459 176,080 189,977
Reference price 2 7.350 9.560 12.06 13.65 23.50 22.69
Announcement Date 2/20/18 2/20/19 2/19/20 2/17/21 2/16/22 2/15/23
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 58.77 95.8 147.2 192.9 219.2 256.2
EBITDA - - - - - -
EBIT 1 38.1 63.16 101.8 134.8 153.1 179.6
Operating Margin 64.83% 65.93% 69.14% 69.85% 69.85% 70.12%
Earnings before Tax (EBT) 1 62.9 180.4 147.6 206.5 1,132 822.1
Net income 1 62.9 180.4 147.6 206.5 1,132 822.1
Net margin 107.02% 188.32% 100.27% 107.05% 516.37% 320.92%
EPS 2 1.317 2.318 1.277 1.422 6.634 4.392
Free Cash Flow 1 20.06 42.48 34.65 46.24 126.5 102.9
FCF margin 34.13% 44.34% 23.54% 23.97% 57.73% 40.16%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) 31.89% 23.54% 23.48% 22.39% 11.18% 12.51%
Dividend per Share 2 0.5120 0.5160 0.5320 0.5400 0.5560 0.4784
Announcement Date 2/20/18 2/20/19 2/19/20 2/17/21 2/16/22 2/15/23
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 514 871 1,134 1,145 1,308 1,420
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 20.1 42.5 34.6 46.2 127 103
ROE (net income / shareholders' equity) 18.2% 27.1% 13% 12.4% 44.9% 22.5%
ROA (Net income/ Total Assets) 3.17% 2.84% 2.9% 2.91% 2.48% 2.19%
Assets 1 1,986 6,348 5,086 7,087 45,628 37,573
Book Value Per Share 2 7.030 8.930 10.30 11.30 17.80 21.90
Cash Flow per Share 2 0.0100 0.0400 0.0100 0.4200 0.0900 0.2500
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/20/18 2/20/19 2/19/20 2/17/21 2/16/22 2/15/23
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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