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BRE

Bridgemarq Real Estate Services TSX:BRE Stock Report

Last Price

CA$14.83

Market Cap

CA$188.2m

7D

12.5%

1Y

-10.9%

Updated

04 Oct, 2022

Data

Company Financials
BRE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends4/6

BRE Stock Overview

Bridgemarq Real Estate Services Inc. provides various services to residential real estate brokers and REALTORS in Canada.

Bridgemarq Real Estate Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bridgemarq Real Estate Services
Historical stock prices
Current Share PriceCA$14.83
52 Week HighCA$17.44
52 Week LowCA$12.40
Beta1.35
1 Month Change13.21%
3 Month Change12.69%
1 Year Change-10.93%
3 Year Change0.34%
5 Year Change-11.04%
Change since IPO48.30%

Recent News & Updates

Shareholder Returns

BRECA Real EstateCA Market
7D12.5%0.8%3.3%
1Y-10.9%-22.1%-4.0%

Return vs Industry: BRE exceeded the Canadian Real Estate industry which returned -22.1% over the past year.

Return vs Market: BRE underperformed the Canadian Market which returned -4% over the past year.

Price Volatility

Is BRE's price volatile compared to industry and market?
BRE volatility
BRE Average Weekly Movement4.9%
Real Estate Industry Average Movement5.5%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: BRE is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BRE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aPhil Soperhttps://www.bridgemarq.com

Bridgemarq 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.

Bridgemarq Real Estate Services Fundamentals Summary

How do Bridgemarq Real Estate Services's earnings and revenue compare to its market cap?
BRE fundamental statistics
Market CapCA$188.20m
Earnings (TTM)CA$22.44m
Revenue (TTM)CA$50.37m

6.3x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRE income statement (TTM)
RevenueCA$50.37m
Cost of RevenueCA$1.01m
Gross ProfitCA$49.37m
Other ExpensesCA$26.92m
EarningsCA$22.44m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.37
Gross Margin98.00%
Net Profit Margin44.55%
Debt/Equity Ratio-143.0%

How did BRE perform over the long term?

See historical performance and comparison

Dividends

9.1%

Current Dividend Yield

57%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRE?

Other financial metrics that can be useful for relative valuation.

BRE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4x
Enterprise Value/EBITDA7.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does BRE's PE Ratio compare to its peers?

BRE PE Ratio vs Peers
The above table shows the PE ratio for BRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.6x
REAL Real Matters
26.7x42.8%CA$355.8m
ISV Information Services
9.8x-8.3%CA$382.7m
CIGI Colliers International Group
55.8x68.2%CA$5.6b
FSV FirstService
42.2x18.9%CA$7.2b
BRE Bridgemarq Real Estate Services
6.3xn/aCA$188.2m

Price-To-Earnings vs Peers: BRE is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (33.6x).


Price to Earnings Ratio vs Industry

How does BRE's PE Ratio compare vs other companies in the CA Real Estate Industry?

Price-To-Earnings vs Industry: BRE is good value based on its Price-To-Earnings Ratio (6.3x) compared to the Canadian Real Estate industry average (7.3x)


Price to Earnings Ratio vs Fair Ratio

What is BRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BRE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of BRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BRE (CA$14.83) is trading below our estimate of fair value (CA$23.14)

Significantly Below Fair Value: BRE is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Bridgemarq Real Estate Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

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


25.6%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bridgemarq Real Estate Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Bridgemarq Real Estate Services is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Bridgemarq Real Estate Services competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Bridgemarq Real Estate Services performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRE has a high level of non-cash earnings.

Growing Profit Margin: BRE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BRE's earnings have declined by 16.1% per year over the past 5 years.

Accelerating Growth: BRE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BRE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (33.5%).


Return on Equity

High ROE: BRE's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


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Financial Health

How is Bridgemarq Real Estate Services's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BRE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BRE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRE has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: BRE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: BRE's debt is well covered by operating cash flow (22.4%).

Interest Coverage: BRE's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


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Dividend

What is Bridgemarq Real Estate Services's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.10%

Current Dividend Yield

Dividend Yield vs Market

Bridgemarq Real Estate Services Dividend Yield vs Market
How does Bridgemarq Real Estate Services dividend yield compare to the market?
SegmentDividend Yield
Company (Bridgemarq Real Estate Services)9.1%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Real Estate)1.1%
Analyst forecast in 3 Years (Bridgemarq Real Estate Services)n/a

Notable Dividend: BRE's dividend (9.1%) is higher than the bottom 25% of dividend payers in the Canadian market (1.95%).

High Dividend: BRE's dividend (9.1%) is in the top 25% of dividend payers in the Canadian market (5.99%)


Stability and Growth of Payments

Stable Dividend: BRE's dividend payments have been volatile in the past 10 years.

Growing Dividend: BRE's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.1%), BRE's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (113.1%), BRE's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Phil Soper

no data

Tenure

CA$434,950

Compensation

Mr. Philip Soper, also known as Phil, serves as President and Chief Executive Officer at Bridgemarq Real Estate Services Inc. Mr. Soper served as the Chief Executive Officer and President of Royal LePage R...


CEO Compensation Analysis

Phil Soper's Compensation vs Bridgemarq Real Estate Services Earnings
How has Phil Soper's remuneration changed compared to Bridgemarq Real Estate Services's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CA$22m

Mar 31 2022n/an/a

CA$12m

Dec 31 2021CA$435kCA$268k

CA$5m

Sep 30 2021n/an/a

-CA$6m

Jun 30 2021n/an/a

-CA$12m

Mar 31 2021n/an/a

-CA$22m

Dec 31 2020CA$411kCA$262k

CA$767k

Sep 30 2020n/an/a

CA$10m

Jun 30 2020n/an/a

CA$15m

Mar 31 2020n/an/a

CA$32m

Dec 31 2019CA$403kCA$257k

CA$3m

Sep 30 2019n/an/a

CA$11m

Jun 30 2019n/an/a

CA$21m

Mar 31 2019n/an/a

CA$9m

Dec 31 2018CA$407kCA$250k

CA$17m

Sep 30 2018n/an/a

CA$11m

Jun 30 2018n/an/a

CA$4m

Mar 31 2018n/an/a

CA$11m

Dec 31 2017CA$386kCA$244k

CA$12m

Sep 30 2017n/an/a

CA$15m

Jun 30 2017n/an/a

CA$9m

Mar 31 2017n/an/a

CA$7m

Dec 31 2016CA$382kCA$247k

CA$6m

Sep 30 2016n/an/a

-CA$2m

Jun 30 2016n/an/a

CA$7m

Mar 31 2016n/an/a

CA$6m

Dec 31 2015CA$347kCA$229k

CA$1m

Compensation vs Market: Phil's total compensation ($USD320.75K) is above average for companies of similar size in the Canadian market ($USD178.56K).

Compensation vs Earnings: Phil's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BRE's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: BRE's board of directors are considered experienced (6 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

TSX:BRE Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
10 Mar 22BuyCA$39,741Lorraine BellIndividual2,500CA$15.90

Ownership Breakdown

What is the ownership structure of BRE?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders59,3720.6%
Institutions588,1376.2%
General Public8,836,34193.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 12 shareholders own 6.83% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
3.32%
Brookfield Asset Management Inc.
315,000CA$4.7m0%0.01%
1.51%
Matco Financial Inc.
143,613CA$2.1m7.48%0.81%
1.17%
Dimensional Fund Advisors LP
110,898CA$1.6m0.01%no data
0.24%
Philip Soper
23,072CA$342.2k0%no data
0.16%
Lorraine Bell
15,000CA$222.5k0%no data
0.11%
BlackRock, Inc.
10,892CA$161.5k1.44%no data
0.11%
Gail Kilgour
10,000CA$148.3k0%no data
0.079%
Bessemer Investment Management LLC
7,534CA$111.7k-17.52%no data
0.074%
Glen McMillan
7,000CA$103.8k0%no data
0.032%
Colum Bastable
3,000CA$44.5k0%no data
0.014%
Spencer Enright
1,300CA$19.3k0%no data
0.0021%
Acadian Asset Management LLC
200CA$3.0k0%no data

Company Information

Bridgemarq Real Estate Services Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bridgemarq Real Estate Services Inc.
  • Ticker: BRE
  • Exchange: TSX
  • Founded: 2010
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Implied Market Cap: CA$188.201m
  • Market Cap: CA$139.318m
  • Shares outstanding: 12.81m
  • Website: https://www.bridgemarq.com

Location

  • Bridgemarq Real Estate Services Inc.
  • 39 Wynford Drive
  • Toronto
  • Ontario
  • M3C 3K5
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRETSX (The Toronto Stock Exchange)YesRestricted Voting SharesCACADAug 2003
BREU.FOTCPK (Pink Sheets LLC)YesRestricted Voting SharesUSUSDAug 2003
BG8DUSE (Dusseldorf Stock Exchange)YesRestricted Voting SharesDEEURAug 2003
BG8DB (Deutsche Boerse AG)YesRestricted Voting SharesDEEURAug 2003

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.