Morguard (OTC) (MRC) AI Stock Analysis

• Market Cap: $1.24B
• Dividend Yield: 0.71%
• Average Volume (3M): 1.23K
• Price to Earnings (P/E): 6.6
• Beta (1Y): 0.33
• Revenue Growth: -1.66%
• EPS Growth: 15.27%
• Country: CA
• Employees: 1,000
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 3.54
• Shares Outstanding: 10,678,003
• 10 Day Avg. Volume: 1,004
• 30 Day Avg. Volume: 1,229
• PEG Ratio: 0.02
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 1.13
• P/FCF Ratio: 4.83
• Enterprise Value/Market Cap: 5.50
• Enterprise Value/Revenue: 6.17
• Enterprise Value/Gross Profit: 13.40
• Enterprise Value/Ebitda: 13.54
• 1Y Price Target: $140.00
• Price Target Upside: 23.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: C$123.00 ▲(8.71% Upside)

Morguard's overall stock score reflects a balance of strong operational efficiency and attractive valuation, offset by challenges in revenue growth and high leverage. The technical analysis suggests a neutral to slightly bearish trend, which tempers the positive aspects of the valuation.

Morguard (OTC) Business Overview & Revenue Model

Company Description

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms. It also offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; real estate advisory services; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. The company is headquartered in Mississauga, Canada. Morguard Corporation is a subsidiary of Paros Enterprises Limited.

How the Company Makes Money

Morguard generates revenue through multiple streams primarily related to its real estate operations. The core revenue model includes rental income from its owned and managed properties, which provides a stable cash flow. Additionally, Morguard earns management fees from third-party clients for managing their properties, further diversifying its income. The company may also engage in development projects, which can lead to significant profits upon completion and leasing of new properties. Strategic partnerships with other real estate entities and participation in joint ventures can enhance its market reach and operational efficiency, contributing positively to its earnings.

Morguard (OTC) Financial Statement Overview

Summary

Morguard shows strong operational efficiency with healthy EBIT and EBITDA margins. However, the company faces challenges with negative revenue growth and high leverage, which could impact future profitability. The stable cash flow position is a positive aspect, but declining net profit margins and high debt levels are concerns.

Income Statement

Morguard's income statement shows a mixed performance. The company has a strong gross profit margin of 48.1% in TTM, indicating efficient cost management. However, the net profit margin has decreased to 17% from 23.6% in the previous year, reflecting reduced profitability. Revenue growth has been negative, with a decline of 21.4% in TTM, which is a concern for future growth prospects. The EBIT and EBITDA margins remain robust at 44% and 46.2%, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.27, indicating significant leverage, which could pose financial risks. The return on equity is relatively low at 4.5% in TTM, suggesting limited profitability from equity investments. However, the equity ratio is stable, with stockholders' equity making up a substantial portion of total assets, reflecting a balanced capital structure.

Cash Flow

Cash flow analysis shows a positive trend with a 2.7% growth in free cash flow in TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.17, suggesting that operating cash flow covers net income adequately. The free cash flow to net income ratio is high at 98.4%, highlighting strong cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.11B	1.11B	1.23B	1.12B	1.02B	1.03B
Gross Profit	511.10M	518.72M	634.03M	500.36M	533.30M	533.32M
EBITDA	505.56M	557.29M	362.60M	535.04M	427.23M	-51.99M
Net Income	189.63M	261.80M	74.18M	122.77M	249.76M	-250.05M
Balance Sheet
Total Assets	11.76B	11.76B	11.62B	11.71B	11.49B	11.05B
Cash, Cash Equivalents and Short-Term Investments	164.09M	140.72M	116.52M	111.81M	173.66M	142.09M
Total Debt	5.42B	5.44B	5.81B	5.80B	5.80B	5.83B
Total Liabilities	7.07B	7.04B	7.28B	7.32B	7.32B	7.14B
Stockholders Equity	4.31B	4.29B	3.89B	3.87B	3.63B	3.37B
Cash Flow
Free Cash Flow	237.29M	260.21M	288.52M	251.19M	264.77M	209.80M
Operating Cash Flow	240.13M	263.49M	297.89M	252.85M	265.44M	211.94M
Investing Cash Flow	-256.54M	371.39M	-332.16M	-84.51M	-125.62M	-68.09M
Financing Cash Flow	-115.26M	-613.37M	37.65M	-234.49M	-106.63M	-122.85M

Morguard (OTC) Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 113.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRC, the sentiment is Negative. The current price of 113.14 is below the 20-day moving average (MA) of 115.62, below the 50-day MA of 115.58, and below the 200-day MA of 115.33, indicating a bearish trend. The MACD of -0.35 indicates Positive momentum. The RSI at 41.54 is Neutral, neither overbought nor oversold. The STOCH value of 17.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MRC.

Morguard (OTC) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PMZ.UN	69 Neutral	C$1.78B	12.56	6.52%	5.72%	26.88%	77.26%
MRG.UN	68 Neutral	C$898.29M	7.40	6.37%	4.47%	3.83%	63.32%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MRC	64 Neutral	$1.24B	6.60	5.23%	0.71%	-1.66%	15.27%
NWH.UN	62 Neutral	$1.32B	26.39	3.01%	6.83%	-13.30%	―
HOM.UN	52 Neutral	C$631.07M	-9.21	-3.64%	4.94%	-6.91%	82.31%
AP.UN	49 Neutral	$1.85B	―	-10.26%	13.60%	1.86%	1.84%

Morguard (OTC) Corporate Events

Morguard Completes $250 Million Debenture Offering, Strengthening Market Position

Morguard Corporation has successfully completed a $250 million offering of 5.00% Series I Senior Unsecured Debentures, maturing in 2028. The offering, which was well-received with over $1 billion in demand from 38 buyers, will be used to repay indebtedness and for general corporate purposes. This transaction marks a significant milestone for Morguard, reflecting strong market confidence in its strategy and financial strength. The debentures received a ‘BB (high)’ rating with a ‘Positive’ trend from DBRS Morningstar, and the transaction positions Morguard for continued growth and future offerings.

The most recent analyst rating on (TSE:MRC) stock is a Hold with a C$124.00 price target. To see the full list of analyst forecasts on Morguard (OTC) stock, see the TSE:MRC Stock Forecast page.

Morguard Corporation Reports Steady Q2 2025 Results

Morguard Corporation is a diversified real estate company with a portfolio that includes multi-suite residential, retail, office, industrial, and hotel properties, and it provides advisory and management services to investors. In its latest earnings report for the second quarter of 2025, Morguard Corporation announced a stable financial performance with total assets remaining consistent at $11.8 billion and a strong liquidity position of $307.0 million. The company also declared a regular eligible dividend of $0.20 per common share.

Morguard Corporation Reports Steady Q2 2025 Financial Performance Amid Market Challenges

Morguard Corporation reported its financial results for the second quarter of 2025, highlighting a strong liquidity position with $307 million and a stable asset base of $11.8 billion. The company experienced a slight increase in total revenue to $280.4 million, driven by higher average monthly rent, despite challenges such as increased vacancy rates and the expiry of a significant lease. Net income saw a minor decrease to $54.9 million, attributed to increased tax provisions and vacancy costs, although these were partially offset by gains in fair value of properties.

The most recent analyst rating on (TSE:MRC) stock is a Hold with a C$140.00 price target. To see the full list of analyst forecasts on Morguard (OTC) stock, see the TSE:MRC Stock Forecast page.