TSXV:UFC

Stock Analysis Report

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Executive Summary

Urbanfund Corp. owns, develops, and operates a real estate portfolio for residential and commercial properties in Canada.


Snowflake Analysis

Proven track record and fair value.

Share Price & News

How has Urbanfund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UFC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

UFC

4.7%

CA Real Estate

1.3%

CA Market


1 Year Return

-15.6%

UFC

3.3%

CA Real Estate

-13.7%

CA Market

Return vs Industry: UFC underperformed the Canadian Real Estate industry which returned 0.6% over the past year.

Return vs Market: UFC underperformed the Canadian Market which returned -14.5% over the past year.


Shareholder returns

UFCIndustryMarket
7 Day0%4.7%1.3%
30 Day3.2%6.2%4.2%
90 Day-12.2%-19.5%-13.6%
1 Year-11.9%-15.6%4.4%3.3%-10.7%-13.7%
3 Year57.2%44.4%22.1%18.4%-1.1%-10.3%
5 Year217.9%182.6%84.9%73.9%13.4%-3.5%

Price Volatility Vs. Market

How volatile is Urbanfund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Urbanfund undervalued compared to its fair value and its price relative to the market?

4.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UFC (CA$0.65) is trading above our estimate of fair value (CA$0.33)

Significantly Below Fair Value: UFC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UFC is good value based on its PE Ratio (4.7x) compared to the Real Estate industry average (9.9x).

PE vs Market: UFC is good value based on its PE Ratio (4.7x) compared to the Canadian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate UFC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: UFC is good value based on its PB Ratio (0.6x) compared to the CA Real Estate industry average (0.7x).


Next Steps

Future Growth

How is Urbanfund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

77.4%

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 Urbanfund 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.


Next Steps

Past Performance

How has Urbanfund performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UFC has a large one-off gain of CA$2.3M impacting its December 31 2019 financial results.

Growing Profit Margin: UFC's current net profit margins (78.6%) are higher than last year (45.5%).


Past Earnings Growth Analysis

Earnings Trend: UFC's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: UFC's earnings growth over the past year (33.8%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: UFC earnings growth over the past year (33.8%) exceeded the Real Estate industry 12.6%.


Return on Equity

High ROE: UFC's Return on Equity (12.9%) is considered low.


Next Steps

Financial Health

How is Urbanfund's financial position?


Financial Position Analysis

Short Term Liabilities: UFC's short term assets (CA$12.3M) exceed its short term liabilities (CA$4.3M).

Long Term Liabilities: UFC's short term assets (CA$12.3M) do not cover its long term liabilities (CA$37.2M).


Debt to Equity History and Analysis

Debt Level: UFC's debt to equity ratio (62.6%) is considered high.

Reducing Debt: UFC's debt to equity ratio has reduced from 77.3% to 62.6% over the past 5 years.

Debt Coverage: UFC's debt is not well covered by operating cash flow (7.8%).

Interest Coverage: UFC's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Urbanfund's current dividend yield, its reliability and sustainability?

4.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UFC's dividend (4.62%) is higher than the bottom 25% of dividend payers in the Canadian market (2.07%).

High Dividend: UFC's dividend (4.62%) is low compared to the top 25% of dividend payers in the Canadian market (6.65%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, UFC has been paying a dividend for less than 10 years.

Growing Dividend: UFC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.7%), UFC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

18.3yrs

Average board tenure


CEO

Mitchell Cohen (62yo)

12.58yrs

Tenure

Mr. Mitchell Steven Cohen serves as an Independent Corporate Director at Cominar Real Estate Investment Trust since May 15, 2019. He has been the Chief Executive Officer and Secretary of Urbanfund Corp. si ...


Board Members

NamePositionTenureCompensationOwnership
Mitchell Cohen
President12.58yrsno data3.56% CA$1.1m
Ronald Kimel
Chairman of the Boardno datano data0.71% CA$220.5k
Thomas Kofman
Independent Director20.58yrsno data0.13% CA$41.9k
Steven Isenberg
Independent Director23.08yrsno data5.42% CA$1.7m
Robert Barber
Independent Director4.92yrsno datano data

18.3yrs

Average Tenure

Experienced Board: UFC's board of directors are seasoned and experienced ( 18.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

Urbanfund Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Urbanfund Corp.
  • Ticker: UFC
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: CA$31.273m
  • Shares outstanding: 48.11m
  • Website: https://www.urbanfund.ca

Location

  • Urbanfund Corp.
  • 35 Lesmill Road
  • Toronto
  • Ontario
  • M3B 2T3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UFCTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 1998

Biography

Urbanfund Corp. owns, develops, and operates a real estate portfolio for residential and commercial properties in Canada. The company also focuses on identifying and investing in real estate and real estate related projects. Its assets are located in Toronto, Brampton, Belleville, Kitchener, and London, Ontario; Quebec City and Montreal, Quebec; and Dartmouth, Nova Scotia. Urbanfund Corp. was incorporated in 1997 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 00:11
End of Day Share Price2020/05/22 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.