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MRC.TO$121.00+2.52%
Fair $121.00+0.0%

MRC.TO

Morguard Corporation

Real Estate / Real Estate - DiversifiedToronto

$121.00

+2.98 (+2.52%)

Fairly Valued+0.0%Fair Value $121.00Fund rank 34/100 · Data gapFallback financials|
SA 32/D
F-Score: 4/9
Declining RevenueLow Profitability

Book/ROE base 3Y

n/d

n/d CAGR · P/B n/d

Book/ROE base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 100% · confianza 20%

Book/ROE escenarios

weak_data · book/share n/d · quality 14.0/100

Data gap 34/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 87/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

32/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific NAV/AFFO model required: REIT/real-estate targets are disabled until FFO/AFFO/NAV/cap-rate data exists. REIT NAV/AFFO valuation requires positive AFFO/share history or TTM AFFO/share; generic FCF remains disabled. Revenue has declined for 2 consecutive years ROE is 4.0%, below the 5% threshold
Thesis & Journal · MRC.TOLocal privado en este navegador · Morguard Corporation
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.3B

P/E

7.4x

↓

EV/EBITDA

13.3x

↑

ROE

4.0%

↓

Gross Margin

46.2%

↑

Debt/Equity

1.24

↑
52-Week Range$121
$0$127

TradingView lightweight chart

MRC.TO price, volumen y niveles de valoración

Último $121.00Periodo +483.1%
Fair value: $121.00

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-0.4%

FCF CAGR

-5.5%

FCF margin

19.2%

FCF / Net income

1.21x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.11B · net income $174.9M · FCF $211.7M

2022-FY → 2025-FY

Gross margin

46.2%+1.5% pts

Operating margin

45.6%+3.3% pts

Net margin

15.8%+4.9% pts

FCF margin

19.2%-3.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.11B$1.11B$1.11B$1.21B$1.12B
Net Income$174.9M$174.9M$261.8M$74.2M$122.8M
EBITDA$492.8M$492.8M$557.3M$362.6M$384.9M
EPS16.3416.3424.236.8011.08
Gross Margin46.2%46.2%46.8%45.8%44.7%
Operating Margin45.6%45.6%45.8%43.8%42.3%
Net Margin15.8%15.8%23.6%6.2%11.0%
Balance Sheet
Debt/Equity1.241.241.271.491.50
Current Ratio0.240.24———
Cash Flow
Free Cash Flow$211.7M$211.7M$246.9M$296.0M$251.2M
Returns
ROE4.0%4.0%6.1%1.9%3.2%
Valuation
P/E7.387.384.7115.8310.57
EV/EBITDA13.3313.3311.7118.9318.15
P/B0.300.300.290.300.34
Growth & Yield
Revenue Growth-0.2%-0.2%-8.1%7.7%—
EPS Growth-32.6%-32.6%256.3%-38.6%—
Dividend Yield0.7%0.7%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-13.1%

fácil

EPS terminal req.

$10.74

Spread vs growth

-19.5%

5Y implied EPS CAGR

-4.5%

fácil

EPS terminal req.

$12.99

Spread vs growth

-28.1%

10Y implied EPS CAGR

2.5%

fácil

EPS terminal req.

$20.92

Spread vs growth

-35.1%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +9.0%

Total return

+9.0%

Start / end P/E

4.6x → 7.4x

EPS bridge

24.23 → 16.34

Residual

-19.7%

EPS growth-32.6%
Multiple rerating+60.6%
Dividend+0.7%
Residual / FX / buybacks / cross-term-19.7%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.