Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care.
Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces including properties under development. Chartwell is committed to its vision of Making People's Lives BETTER and to providing a happier, healthier and more fulfilling life experience for its residents.
Is Chartwell Retirement Residences undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6
Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
3122.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CSH.UN (CA$12.52) is trading above our estimate of fair value (CA$10.68)
Significantly Below Fair Value: CSH.UN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CSH.UN is poor value based on its PE Ratio (3122.2x) compared to the Canadian Healthcare industry average (48.2x).
PE vs Market: CSH.UN is poor value based on its PE Ratio (3122.2x) compared to the Canadian market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CSH.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CSH.UN is overvalued based on its PB Ratio (3.7x) compared to the CA Healthcare industry average (2x).
Future Growth
How is Chartwell Retirement Residences forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-0.8%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CSH.UN's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if CSH.UN's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CSH.UN's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: CSH.UN's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CSH.UN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Chartwell Retirement Residences performed over the past 5 years?
Past Performance Score
3/6
Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-42.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSH.UN has a large one-off gain of CA$42.8M impacting its March 31 2022 financial results.
Growing Profit Margin: CSH.UN's current net profit margins (0.1%) are higher than last year (0.09%).
Past Earnings Growth Analysis
Earnings Trend: CSH.UN's earnings have declined by 42.2% per year over the past 5 years.
Accelerating Growth: CSH.UN's earnings growth over the past year (16.7%) exceeds its 5-year average (-42.2% per year).
Earnings vs Industry: CSH.UN earnings growth over the past year (16.7%) exceeded the Healthcare industry -38.1%.
Return on Equity
High ROE: CSH.UN's Return on Equity (0.1%) is considered low.
Financial Health
How is Chartwell Retirement Residences's financial position?
Financial Health Score
0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: CSH.UN's short term assets (CA$412.6M) do not cover its short term liabilities (CA$599.6M).
Long Term Liabilities: CSH.UN's short term assets (CA$412.6M) do not cover its long term liabilities (CA$2.1B).
Debt to Equity History and Analysis
Debt Level: CSH.UN's net debt to equity ratio (270.1%) is considered high.
Reducing Debt: CSH.UN's debt to equity ratio has increased from 239.7% to 290.2% over the past 5 years.
Debt Coverage: CSH.UN's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: CSH.UN's interest payments on its debt are not well covered by EBIT (0.5x coverage).
Balance Sheet
Dividend
What is Chartwell Retirement Residences's current dividend yield, its reliability and sustainability?
Dividend Score
3/6
Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.89%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CSH.UN's dividend (4.89%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: CSH.UN's dividend (4.89%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).
Stability and Growth of Payments
Stable Dividend: CSH.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: CSH.UN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (15025.8%), CSH.UN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (92.7%), CSH.UN's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Vlad Volodarski (50 yo)
2.17yrs
Tenure
CA$2,097,238
Compensation
Mr. Vlad Volodarski, C.A. has been Chief Executive Officer of Chartwell Retirement Residences since March 16, 2020. He is Trustee at Chartwell Retirement Residences since March 2020. Mr. Volodarski served...
CEO Compensation Analysis
Compensation vs Market: Vlad's total compensation ($USD1.63M) is about average for companies of similar size in the Canadian market ($USD2.24M).
Compensation vs Earnings: Vlad's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CSH.UN's management team is seasoned and experienced (6.3 years average tenure).
Board Members
Experienced Board: CSH.UN's board of directors are seasoned and experienced ( 11.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.
Top Shareholders
Company Information
Chartwell Retirement Residences's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/05/21 00:00
End of Day Share Price
2022/05/20 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.