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 5,352 - -
Change - -30.08% 12.54% -14.11% -19.15% -6.74% - -
Enterprise Value (EV) 10,502 14,347 8,264 7,098 5,739 5,352 5,352 5,352
Change - 36.62% -42.4% -14.11% -19.15% -6.74% 0% 0%
P/E 7.49x 547x -20.2x 24.6x 29.9x 46.3x 13.6x -
PBR - - - - - - - -
PEG - -5.5x 0x -0x -1x -1.2x 0x -
Capitalization / Revenue 11.3x 7.29x 7.76x 6.38x 5.72x 5.36x 5.24x 5.13x
EV / Revenue 0x 0x 0x 0x 0x 5.36x 5.24x 5.13x
EV / EBITDA 0x 0x 0x 0x 0x 8.92x 8.63x -
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% 4.51% 4.58% -
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 34.74 34.74 34.74
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.($)
46.32x - - 4.51% 380.49Cr
34.93x11.6x19.07x3.76% 2.7TCr
51.39x10.63x17.91x4.15% 2.54TCr
48.78x13.03x19.62x3.6% 1.85TCr
35.97x8.96x16.93x3.94% 1.8TCr
36.1x9.63x17.15x4.61% 1.55TCr
55.84x8.59x19.47x3.65% 1.48TCr
31.62x10.08x20.62x3.34% 1.26TCr
40.72x9.22x17.36x3.82% 1.24TCr
41.16x10.7x18.02x4.51% 1.24TCr
Average 42.28x 10.27x 18.46x 3.99% 1.6TCr
Weighted average by Cap. 42.23x 10.44x 18.45x 3.94%

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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