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 5,545 - -
Change - -30.08% 12.54% -14.11% -19.15% -3.38% - -
Enterprise Value (EV) 1 10,502 14,347 8,264 7,098 5,739 11,598 11,649 5,545
Change - 36.62% -42.4% -14.11% -19.15% 102.1% 0.44% -52.4%
P/E 7.49x 547x -20.2x 24.6x 29.9x 47.8x 14.1x -
PBR - - - - - - - -
PEG - -5.5x 0x -0x -1x -1.2x 0x -
Capitalization / Revenue 11.3x 7.29x 7.76x 6.38x 5.72x 5.55x 5.43x 5.31x
EV / Revenue 11.3x 14.2x 7.76x 6.38x 5.72x 11.6x 11.4x 5.31x
EV / EBITDA 18.3x 23.4x 13x 10.5x 9.52x 19.3x 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% 4.44% -
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 35.87 35.87 35.87
Nbr of stocks (in thousands) 175,145 172,046 169,339 166,492 155,642 154,573 - -
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.($)
47.83x11.61x19.27x4.37% 3.9B
34.48x11.8x19.33x3.68% 27.48B
50.99x10.87x18.22x4.03% 26.17B
49.21x13.36x20.08x3.5% 19.17B
39.84x9.26x17.18x3.94% 18.14B
41.94x9.98x17.85x4.32% 16.55B
55.48x8.16x18.7x3.6% 15.24B
47.91x11.17x17.97x4.23% 13.35B
32.82x10.23x21.08x3.25% 12.85B
45.29x9.22x17.35x3.85% 12.29B
Average 44.58x 10.57x 18.70x 3.88% 16.51B
Weighted average by Cap. 44.16x 10.67x 18.68x 3.84%

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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