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Mainstreet Equity Corp.

Real Estate CA MEQ

201.84CAD
5.66(2.89%)

Last update at 2024-11-20T17:03:00Z

Day Range

197.42203.00
LowHigh

52 Week Range

137.21216.37
LowHigh

Fundamentals

  • Previous Close 196.18
  • Market Cap1904.86M
  • Volume3872
  • P/E Ratio15.13
  • Dividend Yield0.05%
  • EBITDA133.95M
  • Revenue TTM238.63M
  • Revenue Per Share TTM25.61
  • Gross Profit TTM 109.67M
  • Diluted EPS TTM13.51

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 137.87M 143.17M 258.90M 80.24M 65.92M
Minority interest - - - - -
Net income 109.41M 120.54M 225.53M 68.55M 58.69M
Selling general administrative 17.23M 14.94M 12.24M 12.48M 12.46M
Selling and marketing expenses - - - - -
Gross profit 131.31M 109.67M 97.85M 93.03M 86.31M
Reconciled depreciation 0.99M 0.92M 0.91M 0.87M 0.51M
Ebit - 109.67M 97.85M 93.03M 86.31M
Ebitda - 89.59M 81.17M 76.87M 71.19M
Depreciation and amortization - -20.07000M -16.68000M -16.16500M -15.12100M
Non operating income net other - - - - -
Operating income 113.08M 109.67M 97.85M 93.03M 86.31M
Other operating expenses - 86.76M 75.22M 70.08M 64.27M
Interest expense 40.95M 36.57M 33.48M 32.97M 31.67M
Tax provision 28.46M 22.63M 33.37M 11.69M 7.23M
Interest income 2.43M 86.89M 212.00M 37.21M 26.91M
Net interest income -45.16700M -41.69900M -37.91700M -36.65500M -34.59200M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - 22.63M 33.37M 11.69M 7.23M
Total revenue 210.03M 180.57M 159.93M 149.77M 137.61M
Total operating expenses 96.95M 15.86M 13.14M 13.35M 12.97M
Cost of revenue 78.72M 70.91M 62.08M 56.74M 51.30M
Total other income expense net 69.95M 33.50M 161.05M -12.79200M -20.39200M
Discontinued operations - - - - -
Net income from continuing ops 109.41M 120.54M 225.53M 68.55M 58.69M
Net income applicable to common shares - 120.54M 225.53M 68.55M 58.69M
Preferred stock and other adjustments - - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 3164.99M 2893.49M 2674.57M 2238.31M 2056.03M
Intangible assets - 1.03M 1.19M 1.40M 1.15M
Earning assets - - - - -
Other current assets - 6.74M 5.85M 5.24M 5.42M
Total liab 1845.75M 1682.74M 1582.26M 1371.22M 1255.72M
Total stockholder equity 1319.24M 1210.75M 1092.31M 867.09M 800.30M
Deferred long term liab - - - - -
Other current liab 7.05M 7.40M 6.66M 5.74M 6.00M
Common stock - 26.44M 26.49M 26.51M 26.60M
Capital stock 26.42M 26.44M 26.49M 26.51M 26.60M
Retained earnings 1292.83M 1184.31M 1065.82M 840.58M 773.71M
Other liab - 233.56M 210.93M 177.56M 165.87M
Good will - - - - -
Other assets - - 2616.15M 1.25M -
Cash 81.76M 44.56M 19.22M 38.47M 0.07M
Cash and equivalents - - - - -
Total current liabilities 164.95M 128.11M 96.57M 111.25M 191.21M
Current deferred revenue - 7.40M 6.66M 5.74M 6.00M
Net debt 1484.05M 1388.89M 1337.95M 1141.05M 1076.10M
Short term debt - 112.38M 82.42M 97.11M 177.52M
Short long term debt 147.03M 112.38M 82.42M 97.11M 177.52M
Short long term debt total - 1433.45M 1357.18M 1179.52M 1076.16M
Other stockholder equity - - - - -
Property plant equipment - 2825.25M 2622.92M 2189.54M 2046.44M
Total current assets 105.36M 67.21M 50.46M 46.12M 8.44M
Long term investments - - - - -
Net tangible assets - 1209.72M 1091.12M 865.69M 799.16M
Short term investments - 44.56M 19.22M 38.47M 0.00000M
Net receivables 0.41M 1.55M 1.20M 1.42M 1.99M
Long term debt 1418.78M 1321.07M 1274.76M 1082.41M 898.64M
Inventory 13.81M 14.37M 24.19M 0.99M 0.96M
Accounts payable 9.39M 8.33M 7.49M 8.40M 7.69M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -4.19800M -3.69000M
Additional paid in capital - - - - -
Common stock total equity - - - 26.51M 26.60M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - 2817.91M 2616.15M 2184.22M 2040.05M
Deferred long term asset charges - - - - -
Non current assets total 3059.63M 2826.28M 2624.11M 2192.19M 2047.59M
Capital lease obligations - - - - -
Long term debt total - 1321.07M 1274.76M 1082.41M 898.64M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments -158.58700M -102.23300M -240.40400M -106.95300M -148.66800M
Change to liabilities - 1.13M -1.27600M 0.51M 2.27M
Total cashflows from investing activities - -102.23300M -240.40400M -106.95300M -148.66800M
Net borrowings - -67.70700M -105.93600M -197.24600M 31.96M
Total cash from financing activities 125.03M 74.89M 185.55M 109.90M 107.88M
Change to operating activities - -0.45500M 0.14M 0.16M -0.09900M
Net income 109.41M 120.54M 225.69M 68.55M 58.69M
Change in cash 37.20M 25.34M -19.24800M 38.40M -0.31400M
Begin period cash flow 44.56M 19.22M 38.47M 0.07M 0.38M
End period cash flow 81.76M 44.56M 19.22M 38.47M 0.07M
Total cash from operating activities 70.76M 52.68M 35.61M 35.45M 40.47M
Issuance of capital stock - - - - -
Depreciation 0.99M 0.92M 0.91M 0.87M 0.51M
Other cashflows from investing activities - -101.26100M -239.52100M -105.64300M -146.00500M
Dividends paid - - - - -
Change to inventory 0.04M 0.04M -0.90500M -0.03100M -0.27900M
Change to account receivables - -0.35200M 0.11M 0.57M -1.05400M
Sale purchase of stock -0.91900M -2.09500M -0.31400M -1.76600M -7.94100M
Other cashflows from financing activities - 144.69M 291.80M 252.47M 130.51M
Change to netincome - -75.04000M -193.76300M -39.06900M -22.65000M
Capital expenditures 0.59M 0.77M 0.88M 1.31M 2.66M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 1.50M 0.36M -1.93300M 1.21M 0.84M
Stock based compensation - - -245.59300M -70.17800M -58.58200M
Other non cash items 41.30M -91.76100M -222.41600M -46.86700M -26.78400M
Free cash flow 70.17M 51.91M 34.73M 34.14M 37.81M

Peer Comparison

Sector: Real Estate Industry: Real Estate Services

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MEQ
Mainstreet Equity Corp.
5.66 2.89% 201.84 15.13 25.00 7.98 1.36 14.72 13.34
FSV
FirstService Corp
1.00 0.38% 261.03 78.12 33.67 2.38 7.35 1.99 21.75
CIGI
Colliers International Group Inc Bats
-3.71 1.85% 197.00 47.88 21.83 2.39 6.26 2.22 16.44
AIF
Altus Group Limited
0.61 1.08% 57.27 217.73 33.44 3.34 4.21 3.73 27.93
SVI
Storage Vault Canada Inc
-0.015 0.37% 4.03 - - 5.16 9.46 11.80 25.68

Reports Covered

Stock Research & News

Profile

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg. It invests in residential units consisting of townhouses, garden-style apartments, concrete mid-rise and high-rise apartments, and condo suites; and freestanding commercial buildings. The company is based in Calgary, Canada.

Mainstreet Equity Corp.

305 10 Avenue SE, Calgary, AB, Canada, T2G 0W2

Key Executives

Name Title Year Born
Mr. Navjeet Singh Dhillon Founder, Pres, CEO & Director NA
Ms. Trina N. Cui Chief Financial Officer NA
Ms. Sheena J. Keslick Vice-Pres of Operations NA
Mr. Joseph B. Amantea Treasurer, Corp. Sec. & Director NA
Mr. Jesse Greenwell Head of Communications, Culture & Inclusivity NA
Ms. Luckresha Baker HR Mang. NA
Mr. Navjeet Singh Dhillon Founder, President, CEO & Director NA
Mr. Joseph B. Amantea Treasurer, Corporate Secretary & Director NA
Ms. Luckresha Baker Human Resources Manager NA

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