True NthCommercial (TNT.UN) AI Stock Analysis

• Market Cap: C$121.06M
• Dividend Yield: 0.66%
• Average Volume (3M): 39.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: -4.01%
• EPS Growth: 41.98%
• Country: CA
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 70
• Industry: REIT - Office
• EPS (TTM): -1.43
• Shares Outstanding: 13,979,205
• 10 Day Avg. Volume: 36,933
• 30 Day Avg. Volume: 38,999
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.20
• Price to Cash Flow (P/CF): 2.00
• P/FCF Ratio: 1.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$11.13
• Price Target Upside: 28.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

True NthCommercial's stock score reflects significant financial challenges, including declining revenues and high leverage, which weigh heavily against it. The technical indicators show some positive momentum, but valuation metrics suggest potential overvaluation with limited income return. Addressing debt levels and improving profitability are crucial for future stock performance.

Positive Factors

Debt Refinancing and Distribution

Successfully refinancing debt and reinstating distributions as the worst appears behind it.

Distribution Yield

Distribution reinstated at an annual rate of $0.69 per unit, equating to a yield of 6.8%.

Occupancy Improvement

Improvement in occupancy is a positive sign, with same-property NOI rising 3.3% driven by occupancy and rent increases.

Negative Factors

Financial Pressure

Funds from operations per diluted unit decreased by 3.2% year-over-year, largely meeting expectations but reflecting some financial pressure.

Interest Expense

Office property fundamentals remain challenging and refinancing debt at higher interest rates will likely lead to greater interest expense.

Stock Valuation

True North currently trades at a significant premium to the analyst's NAV estimate, indicating potential overvaluation compared to its peers.

True NthCommercial Business Overview & Revenue Model

Company Description

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How the Company Makes Money

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True NthCommercial Financial Statement Overview

Summary

True NthCommercial is facing challenges with declining revenues and profitability pressures. The high leverage on the balance sheet adds potential risks, but cash flow generation remains a strength. These factors collectively dampen the financial performance.

Income Statement

The company shows decreasing revenue with a negative net income, which indicates struggles in maintaining profitability. The gross profit margin is moderate, but the negative net profit and declining revenue growth rate are concerning.

Balance Sheet

The debt-to-equity ratio is relatively high, suggesting a leveraged position which could pose risks in downturns. However, the company maintains a reasonable equity ratio. The declining stockholders' equity is a negative indicator.

Cash Flow

The operating cash flow remains positive and supports free cash flow generation. However, there is a noticeable decline in free cash flow growth, and the operating cash flow to net income ratio indicates challenges in translating cash flows into profits.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
128.09M	132.20M	143.57M	138.52M	139.43M	106.46M
	Gross Profit
67.20M	72.55M	86.48M	82.63M	83.74M	62.06M
	EBIT
61.40M	66.91M	80.43M	68.92M	78.30M	46.01M
	EBITDA
7.51M	-7.80M	81.87M	78.35M	78.30M	44.14M
	Net Income Common Stockholders
-11.73M	-40.62M	-18.51M	29.14M	10.55M	13.67M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.49M	8.95M	9.50M	5.48M	24.58M	5.67M
	Total Assets
939.35M	1.32B	1.45B	1.42B	1.40B	1.38B
	Total Debt
531.00M	820.99M	861.09M	820.40M	812.49M	792.58M
	Net Debt
528.50M	812.05M	851.59M	814.93M	787.91M	786.91M
	Total Liabilities
576.26M	870.87M	928.18M	881.11M	879.67M	848.23M
	Stockholders Equity
363.09M	452.80M	522.14M	540.07M	525.21M	527.33M
Cash Flow		Free Cash Flow
61.02M	73.94M	103.27M	86.69M	91.38M	64.92M
	Operating Cash Flow
61.02M	73.94M	103.27M	77.31M	91.38M	58.59M
	Investing Cash Flow
34.63M	32.45M	-72.80M	-31.74M	-19.39M	-418.07M
	Financing Cash Flow
-92.36M	-106.94M	-26.45M	-64.68M	-53.08M	362.65M

True NthCommercial Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TNT.UN, the sentiment is Negative. The current price of 8.66 is below the 20-day moving average (MA) of 9.59, below the 50-day MA of 8.95, and below the 200-day MA of 10.22, indicating a bearish trend. The MACD of 0.37 indicates Negative momentum. The RSI at 57.82 is Neutral, neither overbought nor oversold. The STOCH value of 31.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TNT.UN.

True NthCommercial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRT.UN	79 Outperform	C$3.65B	10.23	6.55%	5.63%	9.19%	166.98%
AX.UN	67 Neutral	$649.03M	―	-2.86%	9.00%	-10.56%	81.41%
TNT.UN	63 Neutral	C$121.06M	―	-4.82%	0.66%	-4.01%	41.98%
HR.UN	63 Neutral	C$2.43B	―	-2.29%	6.49%	-6.92%	-296.31%
Sector *	61 Neutral	$4.21B	15.62	-3.65%	12.27%	6.29%	-21.37%
AP.UN	58 Neutral	$2.00B	―	-5.79%	12.65%	4.98%	19.54%
D.UN	53 Neutral	$287.14M	―	-9.20%	6.66%	4.16%	-57.38%