Company Valuation: Canadian Apartment Properties Real Estate Investment Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,502 7,343 8,264 7,098 5,739 5,452 - -
Change - -30.08% 12.54% -14.11% -19.15% -4.99% - -
Enterprise Value (EV) 10,502 14,347 8,264 7,098 5,739 5,452 5,452 5,452
Change - 36.62% -42.4% -14.11% -19.15% -4.99% 0% 0%
P/E 7.49x 547x -20.2x 24.6x 29.9x 47.2x 13.9x -
PBR - - - - - - - -
PEG - -5.5x 0x -0x -1x -1.2x 0x -
Capitalization / Revenue 11.3x 7.29x 7.76x 6.38x 5.72x 5.46x 5.34x 5.22x
EV / Revenue 0x 0x 0x 0x 0x 5.46x 5.34x 5.22x
EV / EBITDA 0x 0x 0x 0x 0x 9.09x 8.79x -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.409 1.45 1.45 1.471 1.546 1.566 1.592 -
Rate of return 2.35% 3.4% 2.97% 3.45% 4.19% 4.42% 4.5% -
EPS 2 8.003 0.078 -2.419 1.73 1.232 0.75 2.55 -
Distribution rate 17.6% 1,859% -59.9% 85% 125% 209% 62.4% -
Net sales 1 933.1 1,007 1,065 1,113 1,003 999 1,021 1,044
EBITDA 1 575.2 612.4 636.2 673.1 603.1 600.1 620.4 -
EBIT - - - - - - - -
Net income 1 1,393 13.64 -411.6 292.7 197.1 111.2 394.9 397.8
Net Debt - 7,004 - - - - - -
Reference price 2 59.96 42.68 48.80 42.63 36.87 35.39 35.39 35.39
Nbr of stocks (in thousands) 1,75,145 1,72,046 1,69,339 1,66,492 1,55,642 1,54,053 - -
Announcement Date 23/02/22 22/02/23 22/02/24 13/02/25 12/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.19x - - 4.42% 386.92Cr
35.52x11.71x19.24x3.7% 2.73TCr
52.27x10.77x18.14x4.08% 2.58TCr
49.05x13.34x21.5x3.49% 1.91TCr
38.91x8.9x17.12x3.99% 1.79TCr
40.53x9.74x17.41x4.47% 1.6TCr
58.64x8.98x20.19x3.47% 1.56TCr
32.91x10.37x21.36x3.2% 1.31TCr
43.55x10.93x18.16x4.37% 1.28TCr
44.67x9.13x17.21x3.87% 1.21TCr
Average 44.32x 10.43x 18.93x 3.91% 1.64TCr
Weighted average by Cap. 44.18x 10.60x 18.94x 3.86%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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