Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, financing, value-enhancement, and management of multi-family residential properties primarily in Western Canada. More Details
Slightly overvalued with questionable track record.
Share Price & News
How has Mainstreet Equity's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MEQ is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MEQ's weekly volatility (4%) has been stable over the past year.
7 Day Return
CA Real Estate
1 Year Return
CA Real Estate
Return vs Industry: MEQ underperformed the Canadian Real Estate industry which returned 9.8% over the past year.
Return vs Market: MEQ underperformed the Canadian Market which returned 1.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Mainstreet Equity's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StMainstreet Equity (TSE:MEQ) Takes On Some Risk With Its Use Of Debt
1 month ago | Simply Wall StIs Mainstreet Equity's (TSE:MEQ) 109% Share Price Increase Well Justified?
1 month ago | Simply Wall StMainstreet Equity Corp. (TSE:MEQ) Insiders Have Been Selling
Is Mainstreet Equity undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MEQ (CA$70.97) is trading above our estimate of fair value (CA$27.75)
Significantly Below Fair Value: MEQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MEQ is good value based on its PE Ratio (13.5x) compared to the CA Real Estate industry average (19x).
PE vs Market: MEQ is good value based on its PE Ratio (13.5x) compared to the Canadian market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: MEQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MEQ's PB Ratio (0.8x) is in line with the CA Real Estate industry average.
How is Mainstreet Equity forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEQ's earnings are forecast to decline over the next 3 years (-27.3% per year).
Earnings vs Market: MEQ's earnings are forecast to decline over the next 3 years (-27.3% per year).
High Growth Earnings: MEQ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MEQ's revenue (6.1% per year) is forecast to grow slower than the Canadian market (6.9% per year).
High Growth Revenue: MEQ's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MEQ's Return on Equity is forecast to be high in 3 years time
How has Mainstreet Equity performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEQ has high quality earnings.
Growing Profit Margin: MEQ's current net profit margins (33.3%) are lower than last year (47.6%).
Past Earnings Growth Analysis
Earnings Trend: MEQ's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: MEQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MEQ had negative earnings growth (-21.6%) over the past year, making it difficult to compare to the Real Estate industry average (-23.7%).
Return on Equity
High ROE: MEQ's Return on Equity (6%) is considered low.
How is Mainstreet Equity's financial position?
Financial Position Analysis
Short Term Liabilities: MEQ's short term assets (CA$30.7M) do not cover its short term liabilities (CA$114.0M).
Long Term Liabilities: MEQ's short term assets (CA$30.7M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: MEQ's debt to equity ratio (138.8%) is considered high.
Reducing Debt: MEQ's debt to equity ratio has increased from 121.7% to 138.8% over the past 5 years.
Debt Coverage: MEQ's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: MEQ's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Mainstreet Equity current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEQ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MEQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEQ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MEQ's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Navjeet S. Dhillon, also known as Bob, is the Founder and Owner of Mainstreet Equity Corp. and serves as its Chief Executive Officer, President and has been Director of Mainstreet Equity Corp. since Ju...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD1.87M) is above average for companies of similar size in the Canadian market ($USD857.81K).
Compensation vs Earnings: Bob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Founder||no data||CA$2.39m||46.17% |
|Chief Financial Officer||3.75yrs||CA$196.54k||no data|
|Chief Operating Officer||12.75yrs||CA$873.11k||no data|
|Vice President of Operations||8.17yrs||CA$248.16k||0.011% |
|Human Resources Manager||2.92yrs||no data||no data|
Experienced Management: MEQ's management team is considered experienced (3.8 years average tenure).
|Founder||no data||CA$2.39m||46.17% |
|Independent Director||9.67yrs||CA$40.00k||0.035% |
|Independent Director||15.92yrs||CA$35.00k||0.44% |
|Independent Director||13.67yrs||CA$40.00k||0.021% |
Experienced Board: MEQ's board of directors are seasoned and experienced ( 14.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mainstreet Equity Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Mainstreet Equity Corp.
- Ticker: MEQ
- Exchange: TSX
- Founded: 1997
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: CA$677.676m
- Shares outstanding: 9.35m
- Website: https://www.mainst.biz
Number of Employees
- Mainstreet Equity Corp.
- 305 – 10 Avenue SE
- T2G 0W2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MEQ||TSX (The Toronto Stock Exchange)||Yes||Common Voting Shares||CA||CAD||Dec 1998|
|MEQY.F||OTCPK (Pink Sheets LLC)||Yes||Common Voting Shares||US||USD||Dec 1998|
Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, financing, value-enhancement, and management of multi-family residential properties primarily in Western Canada....
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/04 23:42|
|End of Day Share Price||2020/12/04 00:00|
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.