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Tricon Capital Group

OTCPK:TCNG.F
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCNG.F
OTCPK
CA$2B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Tricon Capital Group Inc. is a principal investor and asset manager focused on the residential real estate industry in North America. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Tricon Capital Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
TCNG.F Share Price and Events
7 Day Returns
0%
OTCPK:TCNG.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-0.7%
OTCPK:TCNG.F
-15.7%
US Real Estate
3%
US Market
TCNG.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tricon Capital Group (TCNG.F) 0% -4.1% -1.5% -0.7% 10.6% 7.4%
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • TCNG.F outperformed the Real Estate industry which returned -15.7% over the past year.
  • TCNG.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
TCNG.F
Industry
5yr Volatility vs Market

Value

 Is Tricon Capital Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Tricon Capital Group. This is due to cash flow or dividend data being unavailable. The share price is $7.849.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tricon Capital Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tricon Capital Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TCNG.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.86
TSX:TCN Share Price ** TSX (2019-05-09) in CAD CA$10.48
TSX:TCN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $7.79
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tricon Capital Group.

OTCPK:TCNG.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TCN Share Price ÷ EPS (both in USD)

= 7.79 ÷ 0.86

9.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tricon Capital Group is good value based on earnings compared to the US Real Estate industry average.
  • Tricon Capital Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tricon Capital Group's expected growth come at a high price?
Raw Data
OTCPK:TCNG.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
27.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:TCNG.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.02x ÷ 27.6%

0.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tricon Capital Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tricon Capital Group's assets?
Raw Data
OTCPK:TCNG.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.40
TSX:TCN Share Price * TSX (2019-05-09) in CAD CA$10.48
TSX:TCN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $7.79
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:TCNG.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TCN Share Price ÷ Book Value per Share (both in USD)

= 7.79 ÷ 8.40

0.93x

* Primary Listing of Tricon Capital Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tricon Capital Group is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Tricon Capital Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Tricon Capital Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tricon Capital Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tricon Capital Group expected to grow at an attractive rate?
  • Tricon Capital Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tricon Capital Group's earnings growth is expected to exceed the United States of America market average.
  • Tricon Capital Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TCNG.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TCNG.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 27.6%
OTCPK:TCNG.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TCNG.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TCNG.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 297 190 2
2019-12-31 247 132 3
OTCPK:TCNG.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 242 -8 121
2018-12-31 276 -17 193
2018-09-30 283 -51 180
2018-06-30 287 -39 203
2018-03-31 251 -338 153
2017-12-31 169 -321 63
2017-09-30 131 -225 47
2017-06-30 97 -267 15
2017-03-31 111 -76 52
2016-12-31 111 -61 59
2016-09-30 116 -176 80
2016-06-30 108 -163 89

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tricon Capital Group's earnings are expected to grow significantly at over 20% yearly.
  • Tricon Capital Group's revenue is expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TCNG.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Tricon Capital Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TCNG.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.99 1.02 0.97 2.00
2019-12-31 0.88 0.99 0.77 2.00
OTCPK:TCNG.F Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.86
2018-12-31 1.41
2018-09-30 1.34
2018-06-30 1.50
2018-03-31 1.16
2017-12-31 0.49
2017-09-30 0.39
2017-06-30 0.13
2017-03-31 0.46
2016-12-31 0.53
2016-09-30 0.72
2016-06-30 0.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tricon Capital Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tricon Capital Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tricon Capital Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Tricon Capital Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tricon Capital Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tricon Capital Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Tricon Capital Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tricon Capital Group's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Tricon Capital Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tricon Capital Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TCNG.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 241.80 120.54 46.12
2018-12-31 276.13 192.82 46.68
2018-09-30 283.42 180.45 42.23
2018-06-30 286.94 202.57 42.15
2018-03-31 251.07 153.18 41.35
2017-12-31 169.07 62.85 36.37
2017-09-30 130.69 46.90 37.22
2017-06-30 97.14 14.73 34.97
2017-03-31 111.22 52.11 30.37
2016-12-31 111.40 59.47 29.44
2016-09-30 115.60 79.84 31.55
2016-06-30 107.60 89.42 29.38
2016-03-31 99.51 82.33 27.49
2015-12-31 102.06 58.18 28.29
2015-09-30 152.40 73.25 28.85
2015-06-30 173.64 78.80 29.66
2015-03-31 159.13 59.71 29.24
2014-12-31 168.83 99.25 30.87
2014-09-30 130.81 69.96 23.96
2014-06-30 101.21 29.91 25.09
2014-03-31 112.26 52.54 23.16
2013-12-31 85.88 33.96 18.57
2013-09-30 53.90 16.84 18.29
2013-06-30 37.59 14.67 12.27
2013-03-31 31.31 5.15 11.51
2012-12-31 18.34 -4.21 10.41
2012-09-30 14.33 -1.45 9.27
2012-06-30 13.63 3.58 8.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tricon Capital Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tricon Capital Group used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Tricon Capital Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tricon Capital Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tricon Capital Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tricon Capital Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tricon Capital Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tricon Capital Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tricon Capital Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tricon Capital Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tricon Capital Group Company Filings, last reported 1 month ago.

OTCPK:TCNG.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,211.44 437.85 13.29
2018-12-31 1,192.60 374.72 7.77
2018-09-30 1,124.09 396.55 6.72
2018-06-30 1,055.30 417.66 21.79
2018-03-31 1,020.94 448.74 11.81
2017-12-31 928.30 383.60 14.81
2017-09-30 916.63 315.90 9.69
2017-06-30 862.32 301.68 7.21
2017-03-31 747.38 221.17 22.68
2016-12-31 743.66 168.86 17.78
2016-09-30 735.35 216.08 5.93
2016-06-30 714.88 167.89 8.70
2016-03-31 705.08 132.02 29.46
2015-12-31 698.00 71.35 4.49
2015-09-30 621.58 83.20 40.65
2015-06-30 480.21 133.52 9.99
2015-03-31 476.56 155.63 8.24
2014-12-31 489.98 140.26 4.94
2014-09-30 472.96 120.31 4.54
2014-06-30 458.03 129.96 4.31
2014-03-31 440.91 115.02 3.57
2013-12-31 429.98 100.85 12.35
2013-09-30 431.79 111.71 15.35
2013-06-30 150.80 95.26 11.99
2013-03-31 146.03 97.64 59.09
2012-12-31 141.76 33.87 31.24
2012-09-30 91.06 36.16 49.76
2012-06-30 93.56 0.00 17.73
  • Tricon Capital Group's level of debt (36.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.1% vs 36.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Tricon Capital Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tricon Capital Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Tricon Capital Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.66%
Current annual income from Tricon Capital Group dividends. Estimated to be 2.9% next year.
If you bought $2,000 of Tricon Capital Group shares you are expected to receive $53 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tricon Capital Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Tricon Capital Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Upcoming dividend payment

Purchase Tricon Capital Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TCNG.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TCNG.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.23 5.00
2019-12-31 0.22 5.00
OTCPK:TCNG.F Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 0.207 2.649
2019-02-27 0.204 2.464
2018-11-07 0.205 2.741
2018-08-08 0.212 2.550
2018-05-09 0.210 2.600
2018-02-28 0.214 2.796
2017-11-08 0.200 2.308
2017-08-09 0.202 2.456
2017-05-10 0.196 2.290
2017-02-22 0.198 2.461
2016-11-09 0.200 2.748
2016-08-10 0.194 2.799
2016-03-09 0.183 2.700
2015-11-12 0.164 2.739
2015-08-13 0.179 2.200
2015-05-12 0.182 2.168
2015-03-11 0.188 2.158
2014-11-12 0.188 2.640
2014-08-13 0.210 3.100
2014-05-12 0.219 3.124
2013-11-12 0.213 3.091
2013-08-14 0.228 3.551
2013-07-12 0.230 3.773
2013-03-13 0.227 3.670
2012-11-12 0.233 3.696
2012-08-13 0.240 4.301
2012-05-11 0.230 5.479
2012-03-15 0.239 5.636
2011-11-14 0.229 5.698
2011-08-12 0.229 6.067
2011-05-13 0.242 4.924
2011-04-07 0.248 4.708
2010-11-10 0.234 4.928
2010-09-24 0.232 4.605
2010-08-04 0.226 4.445
2010-05-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tricon Capital Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Tricon Capital Group has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Tricon Capital Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tricon Capital Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tricon Capital Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tricon Capital Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tricon Capital Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Berman
COMPENSATION $3,670,000
AGE 44
TENURE AS CEO 4.2 years
CEO Bio

Mr. Gary Berman has been the Chief Executive Officer and President of Tricon Capital Group Inc. since March 10, 2015. He is involved in overseeing all aspects of Tricon's operations including investment management, investor relations and fundraising and new strategic initiatives. Mr. Berman served as the Chief Operating Officer of Tricon Capital Group Inc. until March 10, 2015. He has been with Tricon Capital Group in various executive positions since 2002. He served as Co-Chief Operating Officer of Tricon Capital Group Inc. Prior to co-founding Tricon, Mr. Berman acted as Executive Vice President for Lakeview Estates Limited, where he was responsible for land development and single-family homebuilding. He served as a Development Manager of Canderel Stoneridge Equity Group where he managed the conversion of the former Massey Harris office headquarters into loft condominiums and the development of DNA. Before joining Canderel Stoneridge Equity Group, Mr. Berman served in New York City as an Associate in Real Estate Acquisitions for the Blackstone Group and as a Financial Analyst in Real Estate Advisory for Goldman Sachs & Co. He is the Co-founder of the Pug Awards. Mr. Berman is a Trustee of the Urban Land Institute and serves on the Board of Governors for the Corporation of Massey Hall and Roy Thomson Hall. He serves as the Chairman of Tricon Investment Partners Inc. He is a Director at Tricon Capital Group Inc. and had been a Non Independent Director of the firm since May 21, 2014. Mr. Berman received a Masters of Business Administration degree from Harvard Business School where he was designated a Baker Scholar and a Bachelor of Commerce from McGill University in Montreal where he graduated first overall in The Faculty of Management.

CEO Compensation
  • Gary's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Gary's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Tricon Capital Group management team in years:

4.5
Average Tenure
69
Average Age
  • The tenure for the Tricon Capital Group management team is about average.
Management Team

David Berman

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$2M
AGE
70
TENURE
31.3 yrs

Gary Berman

TITLE
President
COMPENSATION
$4M
AGE
44
TENURE
4.2 yrs

Geoff Matus

TITLE
Co-Founder & Non Independent Director
COMPENSATION
$967K
AGE
69
TENURE
31.3 yrs

Wissam Francis

TITLE
Executive VP & CFO
COMPENSATION
$1M
TENURE
3.8 yrs

David Veneziano

TITLE
Executive VP
COMPENSATION
$795K
TENURE
4.5 yrs

Jonathan Ellenzweig

TITLE
Managing Director
COMPENSATION
$2M
TENURE
5.3 yrs

Doug Quesnel

TITLE
Chief Accounting Officer

Alexandra Blum

TITLE
Chief Marketing Officer
TENURE
2.3 yrs

Sandra Pereira

TITLE
Senior VP & Head of Tax Services
TENURE
4.5 yrs

Wojtek Nowak

TITLE
Managing Director of Capital Markets
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Tricon Capital Group board of directors in years:

4.2
Average Tenure
68
Average Age
  • The tenure for the Tricon Capital Group board of directors is about average.
Board of Directors

David Berman

TITLE
Co-Founder & Executive Chairman
COMPENSATION
$2M
AGE
70
TENURE
4.2 yrs

Gary Berman

TITLE
President
COMPENSATION
$4M
AGE
44
TENURE
5 yrs

Geoff Matus

TITLE
Co-Founder & Non Independent Director
COMPENSATION
$967K
AGE
69
TENURE
9.3 yrs

Larry Johnson

TITLE
Founder

Mike Knowlton

TITLE
Independent Director
COMPENSATION
$131K
AGE
67
TENURE
8 yrs

Siân Matthews

TITLE
Independent Director
COMPENSATION
$119K
AGE
57
TENURE
4 yrs

Peter Sacks

TITLE
Lead Independent Director
COMPENSATION
$125K
AGE
73

Ira Gluskin

TITLE
Independent Director
COMPENSATION
$110K
AGE
75
TENURE
2.5 yrs

Camille Douglas

TITLE
Independent Director
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tricon Capital Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Dec 18 Buy Gary Berman Individual 18. Dec 18 18. Dec 18 203,678 $7.27 $1,480,475
19. Dec 18 Buy Wissam Francis Individual 18. Dec 18 18. Dec 18 32,160 $7.27 $233,762
10. Apr 19 Buy Gary Berman Individual 08. Apr 19 08. Apr 19 5,050 $8.07 $40,736
08. Apr 19 Buy Wissam Francis Individual 05. Apr 19 05. Apr 19 2,335 $7.98 $18,638
17. Jan 19 Sell Jeremy Scheetz Individual 15. Jan 19 15. Jan 19 -16,211 $7.50 $-121,585
17. Jan 19 Buy Jeremy Scheetz Individual 15. Jan 19 15. Jan 19 5,220 $7.50 $39,169
07. Jan 19 Buy Kevin Baldridge Individual 04. Jan 19 04. Jan 19 17,267 $7.41 $127,940
X
Management checks
We assess Tricon Capital Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tricon Capital Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Tricon Capital Group Inc. is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects. The business objective of the firm is to invest for investment income and capital appreciation through its principal investment business and to earn fee income through private funds and advisory business. Tricon Capital Group Inc. was founded in 1988 and is based in Toronto, Canada with an additional office in San Francisco, California.

Details
Name: Tricon Capital Group Inc.
TCNG.F
Exchange: OTCPK
Founded: 1988
CA$1,117,731,220
143,549,538
Website: http://www.triconcapital.com
Address: Tricon Capital Group Inc.
1067 Yonge Street,
Toronto,
Ontario, M4W 2L2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TCN Common Shares The Toronto Stock Exchange CA CAD 20. May 2010
OTCPK TCNG.F Common Shares Pink Sheets LLC US USD 20. May 2010
DB 331 Common Shares Deutsche Boerse AG DE EUR 20. May 2010
Number of employees
Current staff
Staff numbers
75
Tricon Capital Group employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:02
End of day share price update: 2019/05/09 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.