MANULIFE US REAL ESTATE INVESTMENT TRUST |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.069 USD | -2.82% |
|
+4.55% | -13.75% |
| Apr. 19 | Manulife US REIT to Provide Operational Updates for Q1 2024 | MT |
| Mar. 26 | Manulife US REIT Clears Debt to Lenders | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,569 | 1,179 | 1,175 | 533 | 142.1 | 122.6 | - | - |
| Enterprise Value (EV) 1 | 2,320 | 1,958 | 2,074 | 1,450 | 935.3 | 831.1 | 800.1 | 802.6 |
| P/E ratio | 29.4 x | -27.1 x | 27.2 x | -4.09 x | -0.37 x | 2.38 x | 2.25 x | 2.65 x |
| Yield | 5.96% | 7.57% | 7.96% | 15.8% | - | 16.9% | 17% | 49.8% |
| Capitalization / Revenue | 8.82 x | 6.07 x | 6.35 x | 2.63 x | 0.68 x | 0.69 x | 0.69 x | 0.69 x |
| EV / Revenue | 13 x | 10.1 x | 11.2 x | 7.16 x | 4.5 x | 4.68 x | 4.53 x | 4.5 x |
| EV / EBITDA | 23.6 x | 18.8 x | 21.1 x | 13.7 x | 8.36 x | 8.88 x | 8.69 x | 8.7 x |
| EV / FCF | 56.4 x | 33.8 x | 34.2 x | 21.8 x | 28.9 x | 21.8 x | 23 x | 19.3 x |
| FCF Yield | 1.77% | 2.96% | 2.92% | 4.59% | 3.46% | 4.58% | 4.35% | 5.18% |
| Price to Book | 1.11 x | 1.01 x | 1 x | 0.53 x | 0.24 x | 0.2 x | 0.18 x | 0.18 x |
| Nbr of stocks (in thousands) | 1,568,673 | 1,582,933 | 1,754,155 | 1,776,565 | 1,776,565 | 1,776,565 | - | - |
| Reference price 2 | 1.000 | 0.7450 | 0.6700 | 0.3000 | 0.0800 | 0.0690 | 0.0690 | 0.0690 |
| Announcement Date | 2/4/20 | 2/7/21 | 2/8/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 177.9 | 194.3 | 185.1 | 202.6 | 208 | 177.5 | 176.8 | 178.4 |
| EBITDA 1 | 98.35 | 104 | 98.21 | 106 | 111.9 | 93.58 | 92.05 | 92.27 |
| EBIT 1 | 98.35 | 104 | 98.21 | 101.7 | 103.5 | 91.5 | 90.95 | 90.97 |
| Operating Margin | 55.3% | 53.53% | 53.06% | 50.2% | 49.77% | 51.55% | 51.46% | 50.98% |
| Earnings before Tax (EBT) 1 | 58.05 | -65.98 | 40.56 | -147.8 | -397 | 51.33 | 55.08 | 50.27 |
| Net income 1 | 47.56 | -43.28 | 39.41 | -129.7 | -380 | 50.63 | 53.9 | 49.53 |
| Net margin | 26.74% | -22.28% | 21.29% | -64.04% | -182.65% | 28.53% | 30.5% | 27.76% |
| EPS 2 | 0.0340 | -0.0275 | 0.0246 | -0.0734 | -0.2139 | 0.0290 | 0.0307 | 0.0260 |
| Free Cash Flow 1 | 41.14 | 57.87 | 60.64 | 66.57 | 32.35 | 38.1 | 34.8 | 41.6 |
| FCF margin | 23.13% | 29.78% | 32.76% | 32.87% | 15.55% | 21.46% | 19.69% | 23.31% |
| FCF Conversion (EBITDA) | 41.83% | 55.64% | 61.75% | 62.79% | 28.91% | 40.72% | 37.81% | 45.09% |
| FCF Conversion (Net income) | 86.49% | - | 153.87% | - | - | 75.25% | 64.56% | 83.98% |
| Dividend per Share 2 | 0.0596 | 0.0564 | 0.0533 | 0.0475 | - | 0.0117 | 0.0118 | 0.0343 |
| Announcement Date | 2/4/20 | 2/7/21 | 2/8/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2024 S1 | 2025 S2 |
|---|---|---|
| Net sales 1 | 99.6 | 108 |
| EBITDA | - | - |
| EBIT | - | - |
| Operating Margin | - | - |
| Earnings before Tax (EBT) | - | - |
| Net income | - | - |
| Net margin | - | - |
| EPS | - | - |
| Dividend per Share | - | - |
| Announcement Date | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 751 | 779 | 898 | 917 | 793 | 709 | 678 | 680 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 7.64 x | 7.487 x | 9.147 x | 8.651 x | 7.089 x | 7.571 x | 7.36 x | 7.37 x |
| Free Cash Flow 1 | 41.1 | 57.9 | 60.6 | 66.6 | 32.3 | 38.1 | 34.8 | 41.6 |
| ROE (net income / shareholders' equity) | 4.1% | -3.58% | 3.36% | 9.2% | -46.7% | 8% | 8.3% | 7.45% |
| ROA (Net income/ Total Assets) | 2.4% | -2.03% | 1.81% | 4.63% | -20.5% | 2.94% | 2.68% | 2.6% |
| Assets 1 | 1,984 | 2,127 | 2,182 | -2,804 | 1,852 | 1,724 | 2,009 | 1,909 |
| Book Value Per Share 2 | 0.9000 | 0.7300 | 0.6700 | 0.5700 | 0.3300 | 0.3500 | 0.3900 | 0.3800 |
| Cash Flow per Share 2 | 0.0600 | 0.0500 | 0.0600 | 0.0500 | 0.0400 | 0.0400 | 0.0400 | - |
| Capex 1 | 45 | 24.2 | 30 | 25.4 | 44.5 | 16 | 18.3 | 18.7 |
| Capex / Sales | 25.32% | 12.44% | 16.2% | 12.55% | 21.38% | 9.01% | 10.37% | 10.46% |
| Announcement Date | 2/4/20 | 2/7/21 | 2/8/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
0.069
USD
Average target price
0.1488
USD
Spread / Average Target
+115.58%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -13.75% | 123M | |
| -12.34% | 9.66B | |
| -1.80% | 6.48B | |
| -8.33% | 4.93B | |
| -8.05% | 4.85B | |
| +11.51% | 4.11B | |
| -4.73% | 4.02B | |
| -16.82% | 3.89B | |
| +12.04% | 3.28B | |
| -15.11% | 3.16B |
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