Madison Pacific Cl B (MPC) AI Stock Analysis

• Market Cap: C$302.83M
• Dividend Yield: 1.83%
• Average Volume (3M): 744.00
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.22
• Revenue Growth: 10.49%
• EPS Growth: N/A
• Country: CA
• Employees: 11
• Sector: Real Estate
• Sector Strength: 55
• Industry: Real Estate - Services
• EPS (TTM): -0.74
• Shares Outstanding: 7,355,420
• 10 Day Avg. Volume: 540
• 30 Day Avg. Volume: 744
• PEG Ratio: -0.28
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 80.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: C$6.00 ▲(4.35%Upside)

Madison Pacific's overall stock score is primarily influenced by its strong technical momentum and stable valuation, despite significant profitability challenges. The financial performance is the most critical area needing improvement, as negative net income poses a long-term risk. Governance stability provides a supportive backdrop.

Madison Pacific Cl B Business Overview & Revenue Model

Company Description

Madison Pacific Properties Inc., together with its subsidiaries, owns, develops, and manages office, industrial, commercial, retail, and multi-family rental real estate properties in Metro Vancouver region, British Columbia, Alberta, and Ontario. Its property portfolio comprises interests in 1,655,820 square feet of net rentable area of industrial properties; 126,990 square feet of net rentable area of retail/highway commercial properties; and 116,689 square feet of net rentable area of office properties. The company also provides property management services, including tenant services and relationships, building operations, leasing, lease administration, property accounting and reporting, and project management. In addition, it holds interest in undeveloped residential lands in Mission, British Columbia. The company was formerly known as Princeton Mining Corporation and changed its name to Madison Pacific Properties Inc. in April 1998. Madison Pacific Properties Inc. was incorporated in 1963 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Madison Pacific Cl B generates revenue through a variety of channels related to its core financial services. The company earns fees from asset management and fund administration services, which are often based on a percentage of assets under management or a fixed fee structure. Additionally, revenue is derived from corporate trust services, where the company provides administration and management of structured finance transactions, and earns fees for acting as a trustee or escrow agent. Key partnerships with financial institutions and legal firms enhance their service offerings and expand their client base, contributing significantly to their earnings. These partnerships often lead to collaborative projects that provide a steady stream of revenue through shared service engagements and cross-referral of clients.

Madison Pacific Cl B Financial Statement Overview

Summary

Madison Pacific's financial position shows revenue growth but significant profitability challenges, with a negative net income impacting the overall score. The balance sheet indicates stability with a healthy equity ratio but increased leverage. Cash flows have improved operationally, but the negative income signals underlying issues.

Income Statement

The income statement shows a significant decline in net income from a positive $18.62M in 2023 to a negative $44.12M in 2024, indicating severe profitability issues. Despite the revenue increase from $40.47M to $44.49M, the net profit margin deteriorated substantially. Gross profit margin remains strong, but the negative net income negatively impacts the overall score.

Balance Sheet

The balance sheet is relatively stable with a moderate debt-to-equity ratio. The equity ratio is healthy at over 50%, reflecting financial stability. However, the increase in total debt and a reduction in stockholders' equity from 2023 to 2024 suggest increasing leverage and potential financial risk.

Cash Flow

Cash flow statements show improvement in operating cash flow from $5.84M in 2023 to $14.68M in 2024, indicating better operational efficiency. Free cash flow is positive, but the growth rate is modest. The operating cash flow to net income ratio indicates reliance on non-operational income, given the negative net income.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	44.49M	40.47M	37.39M	32.79M	31.08M
Gross Profit	31.45M	27.50M	26.20M	23.39M	22.84M
EBITDA	25.97M	31.26M	39.18M	24.96M	23.89M
Net Income	-44.13M	18.62M	63.30M	50.29M	29.98M
Balance Sheet
Total Assets	795.45M	853.35M	842.15M	741.34M	697.52M
Cash, Cash Equivalents and Short-Term Investments	14.63M	45.16M	41.96M	42.25M	71.45M
Total Debt	302.91M	308.78M	310.46M	280.05M	269.20M
Total Liabilities	371.73M	377.78M	379.04M	342.19M	324.30M
Stockholders Equity	411.95M	462.69M	450.31M	388.01M	364.89M
Cash Flow
Free Cash Flow	14.68M	4.63M	9.32M	8.10M	10.95M
Operating Cash Flow	14.68M	5.84M	10.89M	9.55M	11.03M
Investing Cash Flow	-32.59M	11.27M	-32.14M	-22.79M	-23.19M
Financing Cash Flow	-13.83M	-13.91M	20.96M	-15.96M	26.65M

Madison Pacific Cl B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MPC, the sentiment is Positive. The current price of 5.75 is above the 20-day moving average (MA) of 5.35, above the 50-day MA of 4.81, and above the 200-day MA of 4.78, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 47.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MPC.

Madison Pacific Cl B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPC	64 Neutral	C$302.83M	17.81	4.66%	1.83%	10.49%	―
Sector *	61 Neutral	AU$2.82B	8.09	4.17%	5.24%	17.25%	41.52%
IEI	47 Neutral	C$33.74M	13.41	2.31%	2.24%	-3.35%	―
PKTEF		$90.66M	―	-3.10%	―	―	―
BREUF		$102.58M	―		8.97%	―	―
MHIVF		$105.47M	―	-30.85%	―	―	―
TRBE		C$15.72M	―	-281.84%	―	―	―

Madison Pacific Cl B Corporate Events

Madison Pacific Properties Re-elects Directors and Confirms Auditor

Madison Pacific Properties Inc. announced the results of its Annual General Meeting held in Vancouver, where all five nominated directors were re-elected with overwhelming support. Additionally, PricewaterhouseCoopers LLP was re-appointed as the company’s auditor, reflecting stability and continuity in its governance structure.

Madison Pacific Reports Q1 Results and Declares Special Dividend

Madison Pacific Properties Inc. reported a net income of $6.2 million for the three months ended March 31, 2025, a decrease from the previous year’s $14.4 million. The company declared a special cash dividend of $0.34 per share, payable on June 4, 2025, as part of its strategy to return capital to shareholders while continuing to explore real estate opportunities. The company’s investment properties are valued at approximately $731 million, with high occupancy rates in both industrial and residential segments.