Financials Automotive Properties Real Estate Investment Trust

Equities

APR.UN

CA05329M1041

Commercial REITs

Delayed Toronto S.E. 12:14:13 10/05/2024 am IST 5-day change 1st Jan Change
9.95 CAD -0.10% Intraday chart for Automotive Properties Real Estate Investment Trust -1.09% -7.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 458 403.7 584.2 515.3 428.3 395.7 -
Enterprise Value (EV) 1 458 403.7 584.2 515.3 428.3 395.7 395.7
P/E ratio - - - - - - -
Yield 6.62% 7.51% 5.38% 1.55% 7.46% 8.03% 8.03%
Capitalization / Revenue 6.78 x 5.37 x 7.47 x 6.22 x 4.63 x 4.17 x 3.96 x
EV / Revenue 6.78 x 5.37 x 7.47 x 6.22 x 4.63 x 4.17 x 3.96 x
EV / EBITDA 8.6 x 6.75 x 9.36 x 7.9 x 5.88 x 5.31 x 4.97 x
EV / FCF -9.14 x 27.6 x 91.5 x - -11.8 x -22 x -19.8 x
FCF Yield -10.9% 3.63% 1.09% - -8.44% -4.55% -5.05%
Price to Book 1.47 x - 1.27 x - - - -
Nbr of stocks (in thousands) 37,697 37,697 39,080 39,727 39,727 39,727 -
Reference price 2 12.15 10.71 14.95 12.97 10.78 9.960 9.960
Announcement Date 23/03/20 23/03/21 22/03/22 16/03/23 07/03/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 67.58 75.12 78.22 82.86 92.48 94.88 100
EBITDA 1 53.26 59.8 62.41 65.21 72.84 74.48 79.58
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income - - - - - - -
Net margin - - - - - - -
EPS - - - - - - -
Free Cash Flow 1 -50.1 14.64 6.386 - -36.16 -18 -20
FCF margin -74.14% 19.49% 8.16% - -39.1% -18.97% -20%
FCF Conversion (EBITDA) - 24.49% 10.23% - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.8040 0.8040 0.8040 0.2010 0.8040 0.8000 0.8000
Announcement Date 23/03/20 23/03/21 22/03/22 16/03/23 07/03/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 19.46 19.78 20.43 20.84 20.69 20.9 22.88 22.94 23.38 23.29 23.3
EBITDA 1 - - - - - - 18.08 18.13 18.33 18.3 18.4
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income - - - - - - - - - - -
Net margin - - - - - - - - - - -
EPS - - - - - - - - - - -
Dividend per Share 0.2010 0.2010 - - - - - - - - -
Announcement Date 11/11/21 22/03/22 12/05/22 15/08/22 10/11/22 16/03/23 11/05/23 14/08/23 13/11/23 07/03/24 -
1CAD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 -50.1 14.6 6.39 - -36.2 -18 -20
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share 8.280 - 11.80 - - - -
Cash Flow per Share - - - - - - -
Capex - 42.5 - - - - -
Capex / Sales - 56.61% - - - - -
Announcement Date 23/03/20 23/03/21 22/03/22 16/03/23 07/03/24 - -
1CAD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
9.96 CAD
Average target price
11.9 CAD
Spread / Average Target
+19.48%
Consensus

Quarterly revenue - Rate of surprise

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