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Mainstreet Equity TSX:MEQ Stock Report

Last Price

CA$202.01

Market Cap

CA$1.9b

7D

-2.8%

1Y

38.3%

Updated

30 Dec, 2024

Data

Company Financials +

Mainstreet Equity Corp.

TSX:MEQ Stock Report

Market Cap: CA$1.9b

MEQ Stock Overview

Engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. More details

MEQ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health1/6
Dividends0/6

Rewards

Price-To-Earnings ratio (9.4x) is below the Canadian market (14.1x)

Revenue is forecast to grow 8.97% per year

Earnings grew by 82.7% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 47.3% per year for the next 3 years

Large one-off items impacting financial results


My Notes

Capture your thoughts, links and company narrative

Mainstreet Equity Corp. Competitors

Morguard

TSX:MRC

CA$1.2b

Tricon Residential

TSX:TCN

CA$4.6b

Halmont Properties

TSXV:HMT

CA$105.3m

Urbanfund

TSXV:UFC

CA$45.0m

Price History & Performance

Summary of share price highs, lows and changes for Mainstreet Equity
Historical stock prices
Current Share PriceCA$202.01
52 Week HighCA$216.37
52 Week LowCA$142.00
Beta1.57
1 Month Change0.68%
3 Month Change5.13%
1 Year Change38.34%
3 Year Change68.08%
5 Year Change155.64%
Change since IPO9,754.15%

Recent News & Updates

Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Nov 15
Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Aug 16
Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Recent updates

Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Nov 15
Is It Time To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Aug 16
Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Jul 26
Earnings Miss: Mainstreet Equity Corp. Missed EPS And Analysts Are Revising Their Forecasts

Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Jun 18
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching

Apr 12
Why Mainstreet Equity Corp. (TSE:MEQ) Could Be Worth Watching

Mainstreet Equity Corp.'s (TSE:MEQ) Low P/E No Reason For Excitement

Mar 11
Mainstreet Equity Corp.'s (TSE:MEQ) Low P/E No Reason For Excitement

Additional Considerations Required While Assessing Mainstreet Equity's (TSE:MEQ) Strong Earnings

Feb 13
Additional Considerations Required While Assessing Mainstreet Equity's (TSE:MEQ) Strong Earnings

Results: Mainstreet Equity Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates

Feb 09
Results: Mainstreet Equity Corp. Exceeded Expectations And The Consensus Has Updated Its Estimates

We Think Mainstreet Equity (TSE:MEQ) Is Taking Some Risk With Its Debt

Jul 05
We Think Mainstreet Equity (TSE:MEQ) Is Taking Some Risk With Its Debt

Should You Investigate Mainstreet Equity Corp. (TSE:MEQ) At CA$136?

May 12
Should You Investigate Mainstreet Equity Corp. (TSE:MEQ) At CA$136?

Is Mainstreet Equity (TSE:MEQ) A Risky Investment?

Feb 01
Is Mainstreet Equity (TSE:MEQ) A Risky Investment?

Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Sep 23
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

At CA$120, Is Mainstreet Equity Corp. (TSE:MEQ) Worth Looking At Closely?

Aug 31
At CA$120, Is Mainstreet Equity Corp. (TSE:MEQ) Worth Looking At Closely?

What Is Mainstreet Equity Corp.'s (TSE:MEQ) Share Price Doing?

May 11
What Is Mainstreet Equity Corp.'s (TSE:MEQ) Share Price Doing?

Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Aug 25
Is It Too Late To Consider Buying Mainstreet Equity Corp. (TSE:MEQ)?

Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

May 04
Is Mainstreet Equity (TSE:MEQ) Using Too Much Debt?

Is Now The Time To Look At Buying Mainstreet Equity Corp. (TSE:MEQ)?

Apr 12
Is Now The Time To Look At Buying Mainstreet Equity Corp. (TSE:MEQ)?

It's Unlikely That Mainstreet Equity Corp.'s (TSE:MEQ) CEO Will See A Huge Pay Rise This Year

Mar 06
It's Unlikely That Mainstreet Equity Corp.'s (TSE:MEQ) CEO Will See A Huge Pay Rise This Year

Can You Imagine How Jubilant Mainstreet Equity's (TSE:MEQ) Shareholders Feel About Its 151% Share Price Gain?

Feb 19
Can You Imagine How Jubilant Mainstreet Equity's (TSE:MEQ) Shareholders Feel About Its 151% Share Price Gain?

Boasting A 7.9% Return On Equity, Is Mainstreet Equity Corp. (TSE:MEQ) A Top Quality Stock?

Feb 04
Boasting A 7.9% Return On Equity, Is Mainstreet Equity Corp. (TSE:MEQ) A Top Quality Stock?

Did Mainstreet Equity Corp. (TSE:MEQ) Insiders Sell Shares?

Jan 22
Did Mainstreet Equity Corp. (TSE:MEQ) Insiders Sell Shares?

At CA$74.57, Is It Time To Put Mainstreet Equity Corp. (TSE:MEQ) On Your Watch List?

Jan 07
At CA$74.57, Is It Time To Put Mainstreet Equity Corp. (TSE:MEQ) On Your Watch List?

We Wouldn't Rely On Mainstreet Equity's (TSE:MEQ) Statutory Earnings As A Guide

Dec 23
We Wouldn't Rely On Mainstreet Equity's (TSE:MEQ) Statutory Earnings As A Guide

What Percentage Of Mainstreet Equity Corp. (TSE:MEQ) Shares Do Insiders Own?

Dec 09
What Percentage Of Mainstreet Equity Corp. (TSE:MEQ) Shares Do Insiders Own?

Mainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt

Nov 24
Mainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt

Shareholder Returns

MEQCA Real EstateCA Market
7D-2.8%-0.4%0.9%
1Y38.3%18.2%15.7%

Return vs Industry: MEQ exceeded the Canadian Real Estate industry which returned 18.2% over the past year.

Return vs Market: MEQ exceeded the Canadian Market which returned 15.7% over the past year.

Price Volatility

Is MEQ's price volatile compared to industry and market?
MEQ volatility
MEQ Average Weekly Movement3.0%
Real Estate Industry Average Movement4.0%
Market Average Movement8.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market2.9%

Stable Share Price: MEQ has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MEQ's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a597Bob Dhillonwww.mainst.biz

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties. It invests in residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and freestanding commercial buildings.

Mainstreet Equity Corp. Fundamentals Summary

How do Mainstreet Equity's earnings and revenue compare to its market cap?
MEQ fundamental statistics
Market capCA$1.91b
Earnings (TTM)CA$199.88m
Revenue (TTM)CA$249.80m

9.4x

P/E Ratio

7.5x

P/S Ratio

Is MEQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MEQ income statement (TTM)
RevenueCA$249.80m
Cost of RevenueCA$89.36m
Gross ProfitCA$160.44m
Other Expenses-CA$39.44m
EarningsCA$199.88m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)21.45
Gross Margin64.23%
Net Profit Margin80.02%
Debt/Equity Ratio108.6%

How did MEQ perform over the long term?

See historical performance and comparison

Dividends

0.08%

Current Dividend Yield

0.5129%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:51
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mainstreet Equity Corp. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jim ByrneAcumen Capital Finance Partners Limited
Christopher MurrayATB Capital Markets
Brendon AbramsCanaccord Genuity