Bridgemarq Real Estate Services (BREUF) AI Stock Analysis

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Bridgemarq Real Estate Services (BREUF) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$103.20M

Dividend Yield9.16%

Average Volume (3M)292.00

Price to Earnings (P/E)―

Beta (1Y)0.59

Revenue GrowthN/A

EPS GrowthN/A

CountryUS

EmployeesN/A

SectorReal Estate

Sector Strength60

IndustryReal Estate - Services

Share Statistics

EPS (TTM)0.14

Shares Outstanding9,483,850

10 Day Avg. Volume555

30 Day Avg. Volume292

Financial Highlights & Ratios

PEG Ratio-0.64

Price to Book (P/B)-1.67

Price to Sales (P/S)0.00

P/FCF Ratio8.69

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$11.82

Price Target Upside11.51% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering0

Bridgemarq Real Estate Services Business Overview & Revenue Model

Company DescriptionBridgemarq Real Estate Services Inc. provides various services to residential real estate brokers and REALTORS in Canada. It offers information, tools, and services that assist its customers in the delivery of real estate sales services. The company provides its services under the Royal LePage, Via Capitale, and Johnston & Daniel brand names. As of December 31, 2021, its franchise network consisted of 20,159 REALTORS operating under 281 franchise agreements in 723 locations. The company was formerly known as Brookfield Real Estate Services Inc. and changed its name to Bridgemarq Real Estate Services Inc. in May 2019. Bridgemarq Real Estate Services Inc. was incorporated in 2010 and is headquartered in Toronto, Canada.

How the Company Makes Money

Bridgemarq Real Estate Services Earnings Call Summary

Earnings Call Date:May 13, 2025

(Q1-2025)

% Change Since: 4.43%|

Next Earnings Date:Aug 12, 2025

Earnings Call Sentiment Neutral

The earnings call highlighted significant revenue growth and improvements in net earnings, driven by strategic acquisitions and strong market performance in Quebec. However, challenges in major real estate markets such as Toronto and Vancouver, along with a declining realtor count and high payout ratio, present notable concerns.

Q1-2025 Updates

Positive Updates

Significant Revenue Increase

Revenue for Q1 was $78 million, a substantial increase from $11.9 million in the same quarter last year, reflecting the acquisition of brokerage businesses.

Net Earnings Improvement

The company reported net earnings of $6 million compared to a net loss of $400,000 in the previous year, driven by a $5.7 million gain from the fair valuation of exchangeable units.

Strong Quebec Market Performance

The Quebec residential real estate market saw a 22% increase in Q1, with a 13% rise in unit sales and a 9% increase in average selling price.

Launch of New Advertising Campaign

The 'Proudly Canadian' national advertising campaign was launched, enhancing brand visibility and providing digital assets for agents.

Negative Updates

Decline in Realtor Count

The number of realtors in the franchise and brokerage network declined by 1%, although this was better than the overall market decline of 3%.

Contraction in Canadian Residential Real Estate Market

The market contracted by 7% in Q1 compared to the same period in 2024, with a 2% decline in average selling price and a 5% decrease in unit sales.

Challenges in Greater Toronto and Vancouver Markets

The Greater Toronto Area market was down 23% year-over-year, and the Greater Vancouver market decreased by 12%.

High Payout Ratio

The payout ratio remained above 100%, and the company drew $4 million on its operating line, reflecting financial strain.

Company Guidance

During the Bridgemarq Real Estate Services Inc. 2025 First Quarter Results Conference Call, the company reported significant financial growth and provided detailed insights into market conditions and operational developments. Revenue for Q1 surged to $78 million from $11.9 million the previous year, largely due to the acquisition of brokerage businesses. The company declared a dividend of $0.1125 per share, maintaining an annualized rate of $1.35 per share. The number of realtors in the network slightly declined by 1% to 20,845, which was better than the overall market's 3% decline. Net earnings improved to $6 million, a turnaround from a $400,000 loss in 2024, bolstered by a $5.7 million gain on exchangeable units. The Canadian residential market contracted by 7%, with notable declines in the Greater Toronto Area (23%) and Greater Vancouver (12%), while Quebec showed a 22% increase. Despite market challenges, the company emphasized its strategic focus on technology and AI to enhance realtor productivity and client engagement and highlighted its successful national advertising campaigns.

Bridgemarq Real Estate Services Financial Statement Overview

Summary

Bridgemarq Real Estate Services faces significant financial challenges. The income statement shows a negative net income despite revenue growth, leading to a low score. The balance sheet indicates instability with a negative equity position, further lowering the score. Cash flow remains a relative strength, providing some buffer against operational losses.

Income Statement

Negative

The company's income statement reveals significant challenges, as evidenced by a negative net income in 2024. The gross profit margin in 2024 was approximately 18.8%, while the EBIT and EBITDA margins were around 2.4% and 5.3%, respectively. There was a substantial revenue increase from the previous year, but the net profit margin turned negative due to rising costs. The historical revenue growth has been inconsistent, with a notable spike in 2024, yet profitability metrics are weakening.

Balance Sheet

Very Negative

The balance sheet indicates financial instability, with negative stockholders' equity growing worse, reaching -$80.2 million in 2024. The debt-to-equity ratio is not meaningful due to negative equity, highlighting significant leverage issues. Total assets increased, but liabilities grew faster, exacerbating the equity deficit. This poses a risk to financial stability and long-term viability.

Cash Flow

Neutral

Cash flow statements show some positive aspects, such as consistent positive operating cash flow, which grew to $17.1 million in 2024. Free cash flow remained healthy at $15.6 million, indicating efficient cash management. However, the free cash flow growth rate has slowed, and reliance on cash flow to offset negative net income may not be sustainable long-term.

Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Breakdown
Income Statement		Total Revenue
350.67M	48.45M	49.87M	50.20M	40.34M
	Gross Profit
65.87M	47.42M	48.66M	49.17M	39.62M
	EBIT
8.47M	15.32M	17.38M	17.72M	14.83M
	EBITDA
18.52M	23.11M	27.67M	28.36M	23.33M
	Net Income Common Stockholders
-10.32M	4.00M	20.97M	4.76M	767.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.09M	5.74M	6.42M	6.22M	9.16M
	Total Assets
157.44M	64.89M	72.63M	78.60M	88.96M
	Total Debt
87.16M	67.02M	66.96M	68.42M	73.38M
	Net Debt
78.07M	61.28M	60.54M	62.20M	64.22M
	Total Liabilities
237.69M	122.01M	120.94M	135.08M	137.40M
	Stockholders Equity
-80.25M	-57.12M	-48.31M	-56.48M	-48.44M
Cash Flow		Free Cash Flow
15.57M	12.79M	15.08M	15.14M	18.68M
	Operating Cash Flow
17.10M	13.67M	15.10M	15.14M	19.87M
	Investing Cash Flow
2.48M	-1.48M	-598.00K	-275.00K	-3.11M
	Financing Cash Flow
-16.24M	-12.87M	-14.30M	-17.80M	-12.80M

Bridgemarq Real Estate Services Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BREUF		$103.20M	―		9.16%	―	―
Sector *	61 Neutral	$2.83B	10.92	0.41%	8438.90%	5.75%	-21.03%
FSV		$8.02B	61.00	11.61%	0.58%	―	―
CIGI		$6.38B	44.28	11.57%	0.24%	―	―
MEQ	77 Outperform	C$1.78B	7.26	15.90%	0.07%	16.22%	39.56%
AIF	66 Neutral	C$2.32B	178.14	2.13%	1.15%	-23.26%	-644.01%
SVI	63 Neutral	C$1.51B	―	-23.06%	0.28%	5.77%	-388.17%

* Real Estate Sector Average

Performance Comparison

BREUF

Bridgemarq Real Estate Services

10.88

1.90

21.16%

FSV

FirstService

177.32

27.32

18.21%

CIGI

Colliers International Group

126.65

17.49

16.02%

TSE:AIF

Altus Group

52.18

5.71

12.29%

TSE:MEQ

Mainstreet Equity

191.16

20.28

11.87%

TSE:SVI

Storagevault Canada

4.14

-0.56

-11.91%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.