True North Financials

TNT-UN Stock  CAD 10.25  0.09  0.87%   
You can exercise True North fundamental data analysis to find out if markets are presently mispricing the firm. We were able to interpolate and analyze data for thirty-five available drivers for True North Commercial, which can be compared to its competition. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of True North to be traded at C$10.05 in 90 days. Key indicators impacting True North's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio0.420.2256
Way Up
Slightly volatile
  
Please note, the presentation of True North's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, True North's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of True North's management manipulating its earnings.

True North Stock Summary

True North competes with Inovalis Real, BTB Real, Slate Grocery, and NorthWest Healthcare. The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist. TRUE NORTH operates under REIT - Diversified classification in Canada and is traded on Toronto Stock Exchange.
Specialization
Real Estate, Equity Real Estate Investment Trusts (REITs)
InstrumentCanada Stock View All
ExchangeToronto Exchange
ISINCA89784Y2096
Business Address3280 Bloor Street
SectorDiversified REITs
IndustryReal Estate
BenchmarkDow Jones Industrial
Websitewww.truenorthreit.com
Phone416 234 8444
CurrencyCAD - Canadian Dollar
You should never invest in True North without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of True Stock, because this is throwing your money away. Analyzing the key information contained in True North's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

True North Key Financial Ratios

True North's financial ratios allow both analysts and investors to convert raw data from True North's financial statements into concise, actionable information that can be used to evaluate the performance of True North over time and compare it to other companies across industries.

True North Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets1.4B1.4B1.5B1.3B1.2B943.6M
Other Current Liab8.5M8.7M15.5M2.3M2.6M2.5M
Net Debt787.9M814.9M851.6M812.0M755.4M546.1M
Retained Earnings(3.0M)(4.0M)(41.1M)(109.1M)(130.0M)(123.5M)
Accounts Payable23.1M21.2M37.0M34.3M39.6M41.5M
Cash24.6M5.5M9.5M8.9M12.3M9.0M
Net Receivables2.5M3.9M7.3M2.1M3.7M2.8M
Inventory(496K)(1.5M)84.3M54.3M59.1M62.0M
Other Current Assets1.5M2.9M3.5M5.0M5.8M6.1M
Total Liab879.7M881.1M928.2M870.9M824.2M603.6M
Total Current Assets28.6M12.0M106.3M71.2M79.3M83.3M
Short Term Debt36.4M139.2M177.7M126.3M145.3M152.5M
Common Stock528.2M544.1M563.3M561.9M646.2M343.2M
Net Tangible Assets527.3M525.2M540.1M522.1M600.5M347.7M
Other Assets910K4.1M5.6M2.8M3.3M2.2M
Long Term Debt776.0M681.2M683.4M694.4M468.2M512.0M
Short Long Term Debt36.4M139.2M177.7M126.6M299.6M314.6M
Net Invested Capital1.3B1.4B1.4B1.3B1.2B1.3B
Net Working Capital(47.0M)(165.2M)(123.9M)(101.1M)(272.3M)(258.7M)
Capital Stock528.2M544.1M563.3M561.9M546.0M566.3M

True North Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
202020212022202320242025 (projected)
Total Revenue139.4M138.5M143.6M132.2M126.9M88.8M
Gross Profit83.7M82.6M86.5M72.5M65.8M51.8M
Operating Income78.3M68.9M80.4M66.9M60.0M47.5M
Ebit78.3M68.9M28.2M74.9M86.2M90.5M
Ebitda78.3M68.9M81.9M(7.8M)(9.0M)(8.5M)
Cost Of Revenue55.7M55.9M57.1M59.7M61.1M37.0M
Income Before Tax39.8M51.0M16.5M(40.6M)(21.0M)(19.9M)
Net Income28.9M51.0M(18.5M)(40.6M)(21.0M)(19.9M)
Income Tax Expense10.8M(9.4M)35.0M109.1M125.5M131.8M
Interest Expense27.7M27.3M28.9M32.8M31.8M19.7M
Net Interest Income(31.2M)(30.5M)(30.3M)(34.2M)(33.4M)(35.1M)
Research Development0.290.370.120.310.280.24

True North Key Cash Accounts

Cash flow analysis captures how much money flows into and out of True North Commercial. It measures of how well True is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money True North brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money True had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what True North has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
202020212022202320242025 (projected)
Change In Cash18.9M(19.1M)4.0M(555K)3.4M3.6M
Free Cash Flow91.4M86.7M103.3M73.9M75.7M54.6M
Other Non Cash Items39.4M31.2M73.0M115.9M49.3M33.2M
Net Income39.8M51.0M16.5M(40.6M)(21.0M)(19.9M)
End Period Cash Flow24.6M5.5M9.5M8.9M12.3M9.1M
Net Borrowings260.6M18.5M6.6M41.9M37.7M64.9M
Dividends Paid31.4M42.2M45.5M47.2M31.1M0.0
Change To Netincome34.3M42.6M31.0M71.6M82.3M86.4M
Investments(19.4M)(31.7M)(72.8M)32.4M29.6M31.0M
Change To Inventory(8.0M)4.2M(12.5M)2.4M2.2M2.3M

True Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining True North's current stock value. Our valuation model uses many indicators to compare True North value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across True North competition to find correlations between indicators driving True North's intrinsic value. More Info.
True North Commercial is rated third in return on equity category among its peers. It also is rated third in return on asset category among its peers . At present, True North's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value True North by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for True North's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

True North Commercial Systematic Risk

True North's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. True North volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on True North Commercial correlated with the market. If Beta is less than 0 True North generally moves in the opposite direction as compared to the market. If True North Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one True North Commercial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of True North is generally in the same direction as the market. If Beta > 1 True North moves generally in the same direction as, but more than the movement of the benchmark.

True North Commercial Total Assets Over Time

Today, most investors in True North Stock are looking for potential investment opportunities by analyzing not only static indicators but also various True North's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of True North growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.17

At present, True North's Price Earnings To Growth Ratio is projected to drop slightly based on the last few years of reporting.

True North March 25, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of True North help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of True North Commercial. We use our internally-developed statistical techniques to arrive at the intrinsic value of True North Commercial based on widely used predictive technical indicators. In general, we focus on analyzing True Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build True North's daily price indicators and compare them against related drivers.

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When running True North's price analysis, check to measure True North's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.
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