TSX/MRC (TSX/MRC)

Toronto Stock Exchange: TSX/MRC · CAD

CA$110

-1.18 (-1.1%)· Recorded snapshot

Market cap	1.2B
Revenue (ttm)	1.1B
Net income (ttm)	205.9M
EPS (ttm)	CA$19.3
Shares out	10.7M
P/E (trailing)	5.7x
P/E (forward)	6.2x
Dividend	CA$0.80 (0.73%)
Volume	3,510
Beta	0.48

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1.1B
Net income (ttm): 205.9M
EPS (ttm): CA$19.3
P/E (trailing): 5.7x
P/E (forward): 6.2x
Market cap: 1.2B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E6.2

P25 n/aP50 n/aP75 n/a

Trailing P/E5.7

P25 n/aP50 n/aP75 n/a

ROE4.5

P25 n/aP50 n/aP75 n/a

ROIC3.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSX/MRC indicators

Market & fundamental data

Available fields

240

Groups with data

Currency

CAD

Showing 240 of 240 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-11-05
Enterprise value	CAD 7.2B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2024
Industry	Real Estate - Diversified
Is primary listing	Yes
ISIN number	CA6175771014
Last earnings date	2026-02-20
Last refreshed	2026-10-28
Last stock split date	1982-11-08
Last stock split type	Forward
Market cap	CAD 1.2B
Next earnings date	2026-11-05
Price	CAD 110.08
Price currency	CAD
Sector	Real Estate
SIC code	6510
Stock price date	2026-10-28
Symbol	tsx/MRC
Website	https://www.morguard.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	9.08x
Average P/E ratio (3Y)	7.04x
Average P/E ratio (5Y)	7.14x
Earnings yield	17.5%
EV/Earnings	35.15x
EV/EBIT	14.03x
EV/EBITDA	13.89x
EV/FCF	32.11x
EV/Sales	6.49x
FCF / EV yield	3.11%
FCF yield	18.97%
Forward P/E	6.23x
Graham number	432.54903
Graham upside	288.77%
P/(FCF - SBC) ratio	5.31x
P/(OCF - SBC) ratio	5.22x
P/B ratio	0.24x
P/E ratio	5.71x
P/FCF ratio	5.27x
P/OCF ratio	5.19x
P/S ratio	1.07x
PEG ratio	0.99x
Price / tangible book value	0.26x
Price/EBITDA ratio	2.28x
Sector forward P/E	14.33x
Sector P/E	46.79x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	46.26%
EBITDA margin	46.74%
Effective tax rate	22.37%
FCF margin	20.22%
Gross margin	46.74%
Operating margin	46.26%
Pretax margin	25.32%
Profit margin	18.47%
Profitable quarters	13
Profitable years	5
ROA	2.67%
ROA (5Y)	2.68%
ROCE	4.74%
ROE	4.52%
ROE (5Y)	3.87%
ROIC	3.68%
ROIC (5Y)	3.54%
SBC / revenue	0.14%
Tax / revenue	5.66%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	9.27%
EPS growth (Q)	57.19%
EPS growth (QoQ)	44.82%
EPS growth 10Y	6.61%
EPS growth quarters	2
EPS growth years	0
Net income growth	8.58%
Net income growth (Q)	56.85%
Net income growth (QoQ)	44.86%
Net income growth quarters	2
Net income growth years	0
OCF growth	2.1%
OCF growth (Q)	-14.3%
OCF growth (QoQ)	86.58%
OCF growth 10Y	-1.16%
OCF growth 3Y	-7.67%
OCF growth 5Y	-0.26%
Revenue growth	-1.17%
Revenue growth (Q)	-0.89%
Revenue growth (QoQ)	0.91%
Revenue growth 10Y	1.51%
Revenue growth 3Y	-1.94%
Revenue growth 5Y	1.63%
Revenue growth quarters	1
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CAD -3.5M
Depreciation and amortization	CAD 5.4M
EBIT	CAD 515.8M
EBITDA	CAD 521.2M
EPS	CAD 19.27
FCF per share	CAD 21.11
Financing cash flow	CAD 164.6M
Free cash flow	CAD 225.4M
Free cash flow minus SBC	CAD 223.9M
Funds from operations (FFO)	CAD 224.1M
Gross profit	CAD 521.2M
Income taxes	CAD 63.2M
Investing cash flow	CAD -187.9M
Net cash flow	CAD 210.6M
Net income	CAD 205.9M
Operating cash flow minus SBC	CAD 227.4M
Operating income	CAD 515.8M
Revenue	CAD 1.1B
Stock-based compensation	CAD 1.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	CAD 431.59
Debt / EBITDA	11.58
Debt / equity	1.21
Debt / FCF	26.77
Goodwill	CAD 24.5M
Interest coverage	2.01
Net cash (debt)	CAD -5.7B
Net cash / market cap	-476.42%
Net debt / EBITDA	10.86
Net debt / equity	1.13
Net debt / FCF	25.11
Piotroski F-Score	5
Property, plant and equipment	CAD 11.3B
Shareholders' equity	CAD 5B
Tangible book value	CAD 4.6B
Tangible book value per share	CAD 428.28
Total assets	CAD 12.4B
Total cash	CAD 374.7M
Total debt	CAD 6B
Total liabilities	CAD 7.4B
WACC	3.89%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.09
Current ratio	0.43
Net working capital	CAD -15.3M
Quick ratio	0.3
Working capital	CAD -867.6M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.63%
Dividend growth	0%
Dividend growth (10Y)	2.92%
Dividend growth (3Y)	10.06%
Dividend growth (5Y)	5.92%
Dividend growth years	2
Dividend payment date	2026-09-29
Dividend payment years	27
Dividend payout frequency	Quarterly
Dividend per share	CAD 0.80
Dividend yield	0.73%
Ex-dividend date	2026-09-15
FCF payout ratio	3.79%
Last dividend	CAD 0.20
Payout ratio	4.13%
Shareholder yield	1.35%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-36.02%
10Y return CAGR	-3.9%
10Y total return	-32.85%
150-day SMA	CAD 117.10
15Y price change	58.13%
15Y return CAGR	3.61%
15Y total return	70.14%
1D price change	-1.06%
1M price change	-2.84%
1M total return	-2.84%
1W price change	-2.84%
1W total return	-2.84%
1Y price change	-2.62%
1Y return CAGR	-1.95%
1Y total return	-1.95%
20-day SMA	CAD 113.39
200-day SMA	CAD 116.96
20Y price change	188.34%
20Y return CAGR	6.29%
20Y total return	238.53%
3M price change	-5.84%
3M total return	-5.68%
3Y price change	10.29%
3Y return CAGR	3.98%
3Y total return	12.41%
50-day SMA	CAD 114.23
50-day SMA vs 200-day SMA	50under200
52-week high	CAD 127.40
52-week high date	2026-05-11
52-week low	CAD 110.08
52-week low date	2026-10-28
5Y price change	-18.32%
5Y return CAGR	-3.4%
5Y total return	-15.87%
6M price change	-5.78%
6M total return	-5.46%
All-time high	CAD 219.48
All-time high date	2019-09-17
All-time low	CAD 4.00
All-time low date	1991-05-27
Average true range (ATR)	CAD 0.92
Average volume	2.2K
Beta (1Y)	0.18
Beta (2Y)	0.21
Beta (5Y)	0.48
Change from 52-week high	-13.59%
Change from 52-week low	0%
Change from all-time high	-49.42%
Change from all-time low	2,675.25%
Change from open	-1.07%
Day's gap	0.01%
Dollar volume	CAD 386,381
High price	CAD 111.27
Low price	CAD 110.08
Monthly RSI	44.97
Open price	CAD 111.27
Position in 52-week range	0%
Previous close	CAD 111.26
Price vs 150-day SMA	-5.2%
Price vs 20-day SMA	-2.1%
Price vs 200-day SMA	-5.09%
Price vs 50-day SMA	-2.82%
Relative volume	1.62
RSI	33.4
Sharpe ratio	-0.34
Sharpe ratio (3Y)	0.05
Sharpe ratio (5Y)	-0.29
Sortino ratio	-0.13
Sortino ratio (3Y)	0.38
Sortino ratio (5Y)	-0.14
Volume	3.5K
Weekly RSI	37.73
YTD price change	-4.3%
YTD total return	-3.81%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	3.8M
Shares change (QoQ)	0.05%
Shares change (YoY)	-0.63%
Shares held by insiders	64.1%
Shares held by institutions	16.8%
Shares outstanding	10.7M
Short % of float	0.1%
Short % of shares	0.03%

Deeper analysis on TSX/MRC

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this TSX/MRC report

Is a complete TSX/MRC research report available?

No complete published report is available for tsx/MRC (TSX/MRC) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSX/MRC (TSX/MRC)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/MRC

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/MRC indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/MRC

Frequently asked questions