TRICON RESIDENTIAL INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.34 CAD | -0.78% |
|
-0.78% | +27.20% |
| May. 02 | Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Capped Composite Index | CI |
| May. 02 | Tricon Residential Inc.(TSX:TCN) dropped from S&P/TSX Completion Index | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,013 | 1,586 | 1,732 | 4,165 | 2,103 | 2,472 |
| Enterprise Value (EV) 1 | 1,380 | 2,048 | 6,239 | 8,193 | 7,918 | 8,383 |
| P/E ratio | 5.53 x | 13.1 x | 15.5 x | 7.63 x | 3.68 x | 22.2 x |
| Yield | 2.99% | 2.59% | 2.31% | 1.47% | 3.01% | 2.55% |
| Capitalization / Revenue | 3.67 x | 6.43 x | 3.72 x | 6.8 x | 2.51 x | 2.79 x |
| EV / Revenue | 5 x | 8.3 x | 13.4 x | 13.4 x | 9.45 x | 9.47 x |
| EV / EBITDA | 6.02 x | 10.5 x | 30.7 x | 28.5 x | 18.5 x | 19.3 x |
| EV / FCF | 11.3 x | 13 x | 55.2 x | 101 x | 39.3 x | 155 x |
| FCF Yield | 8.83% | 7.67% | 1.81% | 0.99% | 2.55% | 0.65% |
| Price to Book | 0.86 x | 0.96 x | 1 x | 1.36 x | 0.55 x | 0.64 x |
| Nbr of stocks (in thousands) | 142,840 | 194,002 | 193,059 | 272,000 | 273,159 | 271,720 |
| Reference price 2 | 7.095 | 8.178 | 8.974 | 15.31 | 7.700 | 9.097 |
| Announcement Date | 2/27/19 | 2/26/20 | 3/3/21 | 3/2/22 | 3/1/23 | 2/27/24 |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 276.1 | 246.7 | 465.4 | 612.5 | 837.5 | 884.7 |
| EBITDA 1 | 229.3 | 194.4 | 203.1 | 287.8 | 428.7 | 433.7 |
| EBIT 1 | 223.9 | 191.1 | 197.3 | 280.9 | 418.7 | 426.6 |
| Operating Margin | 81.09% | 77.45% | 42.39% | 45.87% | 50% | 48.22% |
| Earnings before Tax (EBT) 1 | 216 | 129 | 152.8 | 708.1 | 934.6 | 150 |
| Net income 1 | 216 | 111.6 | 113.3 | 445.3 | 808.9 | 114.2 |
| Net margin | 78.21% | 45.22% | 24.35% | 72.7% | 96.59% | 12.91% |
| EPS 2 | 1.283 | 0.6251 | 0.5800 | 2.006 | 2.094 | 0.4100 |
| Free Cash Flow 1 | 121.8 | 157.2 | 113.1 | 81.18 | 201.7 | 54.1 |
| FCF margin | 44.12% | 63.71% | 24.29% | 13.25% | 24.08% | 6.11% |
| FCF Conversion (EBITDA) | 53.12% | 80.85% | 55.66% | 28.21% | 47.05% | 12.48% |
| FCF Conversion (Net income) | 56.41% | 140.9% | 99.78% | 18.23% | 24.93% | 47.38% |
| Dividend per Share 2 | 0.2120 | 0.2120 | 0.2070 | 0.2250 | 0.2320 | 0.2320 |
| Announcement Date | 2/27/19 | 2/26/20 | 3/3/21 | 3/2/22 | 3/1/23 | 2/27/24 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 367 | 462 | 4,506 | 4,028 | 5,814 | 5,911 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.6 x | 2.374 x | 22.18 x | 14 x | 13.56 x | 13.63 x |
| Free Cash Flow 1 | 122 | 157 | 113 | 81.2 | 202 | 54.1 |
| ROE (net income / shareholders' equity) | 18.2% | 8% | 6.84% | 21.5% | 22.7% | 3.18% |
| ROA (Net income/ Total Assets) | 8.98% | 5.99% | 2.6% | 2.15% | 2.42% | 2.07% |
| Assets 1 | 2,406 | 1,864 | 4,355 | 20,697 | 33,383 | 5,503 |
| Book Value Per Share 2 | 8.280 | 8.520 | 8.980 | 11.20 | 13.90 | 14.20 |
| Cash Flow per Share 2 | 0.0500 | 0.0500 | 0.2900 | 0.6500 | 0.7500 | 0.6300 |
| Capex | - | 1.01 | 13 | 32.9 | 36 | 46.4 |
| Capex / Sales | - | 0.41% | 2.8% | 5.37% | 4.3% | 5.25% |
| Announcement Date | 2/27/19 | 2/26/20 | 3/3/21 | 3/2/22 | 3/1/23 | 2/27/24 |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +27.20% | 3.32B | |
| -3.99% | 24.73B | |
| -31.17% | 10.88B | |
| +8.10% | 10.77B | |
| -24.81% | 7.68B | |
| -5.32% | 7B | |
| +3.96% | 6.55B | |
| +1.79% | 6.64B | |
| +16.16% | 3.69B | |
| -4.36% | 3.58B |
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