Tricon Capital Group Inc. is a principal investor and asset manager primarily focused on rental housing in North America.
Share Price & News
How has Tricon Capital Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCNG.F's share price has been volatile over the past 3 months.
7 Day Return
US Real Estate
1 Year Return
US Real Estate
Return vs Industry: TCNG.F underperformed the US Real Estate industry which returned -18.1% over the past year.
Return vs Market: TCNG.F underperformed the US Market which returned 8.5% over the past year.
Price Volatility Vs. Market
How volatile is Tricon Capital Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Tricon Capital Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TCNG.F ($6.04) is trading below our estimate of fair value ($10.1)
Significantly Below Fair Value: TCNG.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TCNG.F is poor value based on its PE Ratio (24.8x) compared to the Real Estate industry average (15.5x).
PE vs Market: TCNG.F is poor value based on its PE Ratio (24.8x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: TCNG.F is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: TCNG.F is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1x).
How is Tricon Capital Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCNG.F's forecast earnings growth (62.7% per year) is above the savings rate (2.2%).
Earnings vs Market: TCNG.F's earnings (62.7% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TCNG.F's revenue is expected to decline over the next 3 years (-105.5% per year).
High Growth Revenue: TCNG.F's revenue is forecast to decline over the next 3 years (-105.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TCNG.F's Return on Equity is forecast to be high in 3 years time
How has Tricon Capital Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCNG.F has a large one-off loss of $17.4M impacting its March 31 2020 financial results.
Growing Profit Margin: TCNG.F's current net profit margins (16.3%) are lower than last year (70.3%).
Past Earnings Growth Analysis
Earnings Trend: TCNG.F's earnings have grown by 14.5% per year over the past 5 years.
Accelerating Growth: TCNG.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TCNG.F had negative earnings growth (-61.3%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).
Return on Equity
High ROE: TCNG.F's Return on Equity (3.1%) is considered low.
How is Tricon Capital Group's financial position?
Financial Position Analysis
Short Term Liabilities: TCNG.F's short term assets ($87.1M) do not cover its short term liabilities ($262.8M).
Long Term Liabilities: TCNG.F's short term assets ($87.1M) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: TCNG.F's debt to equity ratio (264.5%) is considered high.
Reducing Debt: TCNG.F's debt to equity ratio has increased from 32.5% to 264.5% over the past 5 years.
Debt Coverage: TCNG.F's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: TCNG.F's interest payments on its debt are not well covered by EBIT (1.5x coverage).
What is Tricon Capital Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TCNG.F's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: TCNG.F's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
Stable Dividend: TCNG.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: TCNG.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (83.1%), TCNG.F's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gary Berman (44yo)
Mr. Gary Berman has been the Chief Executive Officer and President of Tricon Capital Group Inc. since March 10, 2015. He is involved in overseeing all aspects of Tricon's operations including investment ma ...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD4.27M) is about average for companies of similar size in the US market ($USD4.77M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
|Co-Founder & Non Independent Director||10.42yrs||US$906.00k||0.57% $6.9m|
|Executive VP & CFO||4.83yrs||US$1.54m||0.037% $450.0k|
|Chief Investment Officer||0.083yr||US$1.70m||0.052% $627.2k|
|Managing Director||3.42yrs||US$1.11m||no data|
|Chief Operating Officer||0.083yr||no data||0.040% $482.7k|
|Chief Accounting Officer||no data||no data||no data|
|Chief Legal Officer||5.58yrs||US$795.00k||0.00024% $2.9k|
|Chief People Officer||0.083yr||no data||0.0022% $26.7k|
|Senior VP & Head of Tax Services||5.58yrs||no data||no data|
Experienced Management: TCNG.F's management team is considered experienced (4.8 years average tenure).
|Co-Founder & Non Independent Director||10.42yrs||US$906.00k||0.57% $6.9m|
|Founder||no data||no data||no data|
|Lead Independent Director||no data||US$122.00k||0.015% $175.4k|
|Independent Director||9.08yrs||US$124.00k||0.013% $162.2k|
|Independent Director||1yr||no data||0.010% $120.4k|
|Independent Director||3.58yrs||US$104.00k||0.24% $2.9m|
|Independent Director||5.08yrs||US$112.00k||0.0039% $46.8k|
|Independent Director||1.83yrs||US$54.00k||no data|
|Co-Founder & Executive Chairman||5.25yrs||US$1.87m||2.04% $24.5m|
Experienced Board: TCNG.F's board of directors are considered experienced (5.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TCNG.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.3%.
Tricon Capital Group Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Tricon Capital Group Inc.
- Ticker: TCNG.F
- Exchange: OTCPK
- Founded: 1988
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: CA$1.624b
- Listing Market Cap: CA$1.202b
- Shares outstanding: 192.84m
- Website: https://www.triconcapital.com
Number of Employees
- Tricon Capital Group Inc.
- 7 St. Thomas Street
- Suite 801
- M5S 2B7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TCN||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||May 2010|
|TCNG.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||May 2010|
|331||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 2010|
Tricon Capital Group Inc. is a principal investor and asset manager primarily focused on rental housing in North America. The firm invests in a portfolio of single-family rental homes, multi-family rental apartments and for-sale housing assets, and manages third-party capital in connection with its investments. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 04:21|
|End of Day Share Price||2020/06/01 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.