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 5,527 - -
Change - -30.08% 12.54% -14.11% -19.15% -3.69% - -
Enterprise Value (EV) 1 10,502 14,347 8,264 7,098 5,739 11,580 11,631 5,527
Change - 36.62% -42.4% -14.11% -19.15% 101.79% 0.44% -52.48%
P/E 7.49x 547x -20.2x 24.6x 29.9x 47.7x 14x -
PBR - - - - - - - -
PEG - -5.5x 0x -0x -1x -1.2x 0x -
Capitalization / Revenue 11.3x 7.29x 7.76x 6.38x 5.72x 5.53x 5.41x 5.29x
EV / Revenue 11.3x 14.2x 7.76x 6.38x 5.72x 11.6x 11.4x 5.29x
EV / EBITDA 18.3x 23.4x 13x 10.5x 9.52x 19.2x 18.7x -
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% 4.37% 4.45% -
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 1,022 1,044
EBITDA 1 575.2 612.4 636.2 673.1 603.1 601.8 621.3 -
EBIT - - - - - - - -
Net income 1 1,393 13.64 -411.6 292.7 197.1 115.3 398.1 397.8
Net Debt 1 - 7,004 - - - 6,053 6,104 -
Reference price 2 59.96 42.68 48.80 42.63 36.87 35.81 35.81 35.81
Nbr of stocks (in thousands) 175,145 172,046 169,339 166,492 155,642 154,336 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
47.75x11.59x19.24x4.37% 3.89B
34.74x11.87x19.44x3.65% 27.68B
51.22x10.91x18.29x4.02% 26.29B
49.21x13.36x20.08x3.5% 19.17B
39.45x9.19x17.05x3.98% 17.94B
41.8x9.96x17.81x4.34% 16.49B
54.64x8.16x18.74x3.64% 15.07B
48.09x11.2x18.01x4.22% 13.4B
32.39x10.13x20.86x3.29% 12.68B
45.18x9.2x17.32x3.86% 12.26B
Average 44.45x 10.56x 18.68x 3.89% 16.49B
Weighted average by Cap. 44.08x 10.67x 18.67x 3.85%

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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