FIRST CAPITAL REAL ESTATE INVESTMENT TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.24 CAD | +0.99% |
|
+1.67% | -0.65% |
| 01/05 | Transcript : First Capital Real Estate Investment Trust, Q1 2024 Earnings Call, May 01, 2024 | |
| 30/04 | First Capital REIT Q1 Net Income Up On a Year Ago | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,530 | 2,973 | 4,142 | 3,590 | 3,255 | 3,235 | - | - |
| Enterprise Value (EV) 1 | 4,530 | 2,973 | 8,533 | 7,741 | 3,255 | 7,108 | 6,965 | 3,235 |
| P/E ratio | - | - | - | - | - | - | - | - |
| Yield | 3.12% | 6.35% | 2.29% | 3.42% | 5.63% | 5.64% | 5.64% | 5.64% |
| Capitalization / Revenue | 6.07 x | 4.42 x | 6.14 x | 5.18 x | 4.73 x | 4.52 x | 4.43 x | 4.46 x |
| EV / Revenue | 6.07 x | 4.42 x | 12.6 x | 11.2 x | 4.73 x | 9.92 x | 9.54 x | 4.46 x |
| EV / EBITDA | 9.96 x | 7.86 x | 22.2 x | 20.4 x | 7.91 x | 16.8 x | 16.5 x | 7.59 x |
| EV / FCF | 111 x | 205 x | - | - | 38.4 x | 42.1 x | 303 x | - |
| FCF Yield | 0.9% | 0.49% | - | - | 2.6% | 2.38% | 0.33% | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 2,19,157 | 2,19,406 | 2,19,632 | 2,13,578 | 2,12,184 | 2,12,242 | - | - |
| Reference price 2 | 20.67 | 13.55 | 18.86 | 16.81 | 15.34 | 15.24 | 15.24 | 15.24 |
| Announcement Date | 11/02/20 | 09/02/21 | 08/02/22 | 07/02/23 | 06/02/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 746.8 | 672.9 | 674.9 | 693.1 | 688 | 716.3 | 730 | 725.6 |
| EBITDA 1 | 455 | 378 | 385.2 | 380.3 | 411.6 | 423.5 | 422 | 426 |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 40.96 | 14.47 | - | - | 84.71 | 169 | 23 | - |
| FCF margin | 5.48% | 2.15% | - | - | 12.31% | 23.59% | 3.15% | - |
| FCF Conversion (EBITDA) | 9% | 3.83% | - | - | 20.58% | 39.9% | 5.45% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.6450 | 0.8600 | 0.4320 | 0.5750 | 0.8640 | 0.8600 | 0.8600 | 0.8600 |
| Announcement Date | 11/02/20 | 09/02/21 | 08/02/22 | 07/02/23 | 06/02/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 176.1 | 176 | 171.9 | 168.9 | 171.2 | 182.9 | 175 | 175.4 | 178.4 | 179.7 | 176.1 |
| EBITDA 1 | 101.1 | 95.9 | 94.39 | 99.33 | 83.52 | 94.8 | 95.22 | 107.4 | 117.8 | 103.9 | 104.6 | 105.3 | - | - |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | 0.2150 | 0.2150 | 0.2160 | 0.2180 | - | 0.2200 | 0.2200 | 0.2200 | - | - |
| Announcement Date | 08/02/22 | 27/07/22 | 01/11/22 | 07/02/23 | 02/05/23 | 01/08/23 | 31/10/23 | 06/02/24 | 30/04/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 4,391 | 4,151 | - | 3,873 | 3,731 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 11.4 x | 10.92 x | - | 9.145 x | 8.84 x | - |
| Free Cash Flow 1 | 41 | 14.5 | - | - | 84.7 | 169 | 23 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | - | - | - | - | 148 | 181 | - |
| Capex / Sales | - | - | - | - | - | 20.73% | 24.8% | - |
| Announcement Date | 11/02/20 | 09/02/21 | 08/02/22 | 07/02/23 | 06/02/24 | - | - | - |
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
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
15.24
CAD
Average target price
17.64
CAD
Spread / Average Target
+15.74%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.65% | 2.36B | |
| +0.20% | 46.56B | |
| -10.37% | 12.88B | |
| -22.01% | 11.18B | |
| -11.94% | 10.88B | |
| -3.02% | 7.66B | |
| -4.64% | 6.69B | |
| -6.62% | 5.9B | |
| -6.62% | 5.73B | |
| -7.83% | 4.63B |
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- Financials First Capital Real Estate Investment Trust
