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Bridgemarq Real Estate Services

TSX:BRE
Snowflake Description

Slightly overvalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRE
TSX
CA$90M
Imp Market Cap
  1. Home
  2. CA
  3. Real Estate
Company description

Bridgemarq Real Estate Services Inc. provides various services to residential real estate brokers and REALTORS in Canada. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Bridgemarq Real Estate Services has significant price volatility in the past 3 months.
BRE Share Price and Events
7 Day Returns
-20.1%
TSX:BRE
-3.9%
CA Real Estate
-0.1%
CA Market
1 Year Returns
-58.2%
TSX:BRE
-11.8%
CA Real Estate
-24.6%
CA Market
BRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bridgemarq Real Estate Services (BRE) -20.1% -54.1% -52.3% -58.2% -56.7% -50.9%
CA Real Estate -3.9% -26% -22.4% -11.8% 1.5% 4.7%
CA Market -0.1% -21.2% -24.7% -24.6% -22.1% -16.5%
1 Year Return vs Industry and Market
  • BRE underperformed the Real Estate industry which returned -11.8% over the past year.
  • BRE underperformed the Market in Canada which returned -24.6% over the past year.
Price Volatility
BRE
Industry
5yr Volatility vs Market

Value

 Is Bridgemarq Real Estate Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bridgemarq Real Estate Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bridgemarq Real Estate Services.

TSX:BRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CAD CA$ 1.350000
Payout Ratio Company Filings (2019-12-31) 12014.8%
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:BRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.974 (1 + (1- 26.5%) (82.33%))
1.313
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.313 * 5.44%)
8.58%

Discounted Cash Flow Calculation for TSX:BRE using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bridgemarq Real Estate Services is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSX:BRE Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CA$1.35 / (8.58% - 1.44%)
CA$18.9
TSX:BRE Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$18.90
Current discount Discount to share price of CA$7.00
= -1 x (CA$7.00 - CA$18.90) / CA$18.90
63%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bridgemarq Real Estate Services is available for.
Intrinsic value
>50%
Share price is CA$7 vs Future cash flow value of CA$18.9
Current Discount Checks
For Bridgemarq Real Estate Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bridgemarq Real Estate Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bridgemarq Real Estate Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bridgemarq Real Estate Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bridgemarq Real Estate Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:BRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.32
TSX:BRE Share Price ** TSX (2020-04-02) in CAD CA$7
Canada Real Estate Industry PE Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 10.47x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bridgemarq Real Estate Services.

TSX:BRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:BRE Share Price ÷ EPS (both in CAD)

= 7 ÷ 0.32

21.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgemarq Real Estate Services is overvalued based on earnings compared to the CA Real Estate industry average.
  • Bridgemarq Real Estate Services is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Bridgemarq Real Estate Services's expected growth come at a high price?
Raw Data
TSX:BRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies 0.58x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.67x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bridgemarq Real Estate Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bridgemarq Real Estate Services's assets?
Raw Data
TSX:BRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$-3.84
TSX:BRE Share Price * TSX (2020-04-02) in CAD CA$7
Canada Real Estate Industry PB Ratio Median Figure of 37 Publicly-Listed Real Estate Companies 0.62x
Canada Market PB Ratio Median Figure of 2,356 Publicly-Listed Companies 0.98x
TSX:BRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:BRE Share Price ÷ Book Value per Share (both in CAD)

= 7 ÷ -3.84

-1.82x

* Primary Listing of Bridgemarq Real Estate Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridgemarq Real Estate Services has negative assets, we can't compare the value of its assets to the CA Real Estate industry average.
X
Value checks
We assess Bridgemarq Real Estate Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Bridgemarq Real Estate Services has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bridgemarq Real Estate Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bridgemarq Real Estate Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bridgemarq Real Estate Services expected to grow at an attractive rate?
  • Unable to compare Bridgemarq Real Estate Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bridgemarq Real Estate Services's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Bridgemarq Real Estate Services's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:BRE Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 21.8%
Canada Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:BRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:BRE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 44 16 3
2019-09-30 42 15 11
2019-06-30 42 16 21
2019-03-31 42 17 9
2018-12-31 42 19 17
2018-09-30 43 20 11
2018-06-30 44 20 4
2018-03-31 44 21 11
2017-12-31 44 21 12
2017-09-30 44 21 15
2017-06-30 45 22 9
2017-03-31 43 20 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bridgemarq Real Estate Services is high growth as no earnings estimate data is available.
  • Unable to determine if Bridgemarq Real Estate Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:BRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bridgemarq Real Estate Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BRE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.32
2019-09-30 1.12
2019-06-30 2.19
2019-03-31 0.99
2018-12-31 1.83
2018-09-30 1.20
2018-06-30 0.40
2018-03-31 1.14
2017-12-31 1.31
2017-09-30 1.57
2017-06-30 0.94
2017-03-31 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bridgemarq Real Estate Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BRE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Bridgemarq Real Estate Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Bridgemarq Real Estate Services's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Bridgemarq Real Estate Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bridgemarq Real Estate Services has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bridgemarq Real Estate Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bridgemarq Real Estate Services's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bridgemarq Real Estate Services has delivered over 20% year on year earnings growth in the past 5 years.
  • Bridgemarq Real Estate Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bridgemarq Real Estate Services's 1-year earnings growth is negative, it can't be compared to the CA Real Estate industry average.
Earnings and Revenue History
Bridgemarq Real Estate Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bridgemarq Real Estate Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BRE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 44.35 3.08 16.67
2019-09-30 42.21 10.66 14.61
2019-06-30 41.78 20.78 12.67
2019-03-31 41.57 9.36 10.72
2018-12-31 42.03 17.39 8.88
2018-09-30 42.55 11.40 8.65
2018-06-30 43.64 3.81 8.94
2018-03-31 44.30 10.80 8.86
2017-12-31 44.24 12.44 8.99
2017-09-30 44.38 14.90 9.18
2017-06-30 44.71 8.90 9.31
2017-03-31 43.45 6.73 9.21
2016-12-31 42.44 6.40 8.81
2016-09-30 42.37 -1.94 8.76
2016-06-30 41.37 6.91 8.64
2016-03-31 40.80 5.79 8.64
2015-12-31 39.86 1.32 8.52
2015-09-30 38.90 6.77 8.30
2015-06-30 38.13 1.18 8.32
2015-03-31 37.70 5.15 8.27
2014-12-31 37.39 3.87 8.10
2014-09-30 37.14 1.99 7.95
2014-06-30 36.48 -2.74 8.03
2014-03-31 36.35 -3.38 7.95
2013-12-31 36.27 0.89 8.02
2013-09-30 36.01 1.08 8.34
2013-06-30 36.11 1.13 8.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Bridgemarq Real Estate Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Bridgemarq Real Estate Services used its assets more efficiently than the CA Real Estate industry average last year based on Return on Assets.
  • Bridgemarq Real Estate Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bridgemarq Real Estate Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bridgemarq Real Estate Services has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bridgemarq Real Estate Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bridgemarq Real Estate Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bridgemarq Real Estate Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bridgemarq Real Estate Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bridgemarq Real Estate Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Bridgemarq Real Estate Services has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bridgemarq Real Estate Services Company Filings, last reported 3 months ago.

TSX:BRE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -36.40 73.83 5.20
2019-09-30 -34.50 74.48 5.71
2019-06-30 -33.72 74.63 4.09
2019-03-31 -38.27 74.16 3.64
2018-12-31 -26.68 71.30 4.34
2018-09-30 -32.35 68.92 4.27
2018-06-30 -41.70 72.91 4.89
2018-03-31 -34.83 72.89 2.65
2017-12-31 -31.38 65.68 3.46
2017-09-30 -31.06 66.26 2.64
2017-06-30 -32.85 70.29 2.62
2017-03-31 -33.10 72.20 3.31
2016-12-31 -31.30 64.83 3.10
2016-09-30 -33.55 67.44 4.80
2016-06-30 -29.43 70.60 3.81
2016-03-31 -27.51 70.72 4.61
2015-12-31 -25.37 66.60 5.65
2015-09-30 -19.37 68.67 5.15
2015-06-30 -24.21 62.52 2.88
2015-03-31 -21.37 62.79 4.23
2014-12-31 -15.00 53.24 3.05
2014-09-30 -14.60 52.93 2.27
2014-06-30 -13.97 52.88 0.54
2014-03-31 -15.14 52.83 0.67
2013-12-31 -7.49 52.78 3.63
2013-09-30 -5.44 52.74 2.94
2013-06-30 -0.31 52.69 2.32
  • Bridgemarq Real Estate Services has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Bridgemarq Real Estate Services's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (21.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Bridgemarq Real Estate Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bridgemarq Real Estate Services has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Bridgemarq Real Estate Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
19.29%
Current annual income from Bridgemarq Real Estate Services dividends.
If you bought CA$2,000 of Bridgemarq Real Estate Services shares you are expected to receive CA$386 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bridgemarq Real Estate Services's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.7%).
  • Bridgemarq Real Estate Services's dividend is above the markets top 25% of dividend payers in Canada (8.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:BRE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.4%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:BRE Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-10 1.350 12.149
2020-01-10 1.350 8.868
2019-12-10 1.350 9.239
2019-11-06 1.350 9.061
2019-10-10 1.350 9.082
2019-09-10 1.350 9.338
2019-08-09 1.350 9.710
2019-07-10 1.350 9.595
2019-06-10 1.350 8.869
2019-04-10 1.350 8.157
2019-02-08 1.350 8.361
2019-01-10 1.350 9.245
2018-12-10 1.350 9.456
2018-11-14 1.350 8.322
2018-10-10 1.350 8.240
2018-09-10 1.350 8.352
2018-08-10 1.350 8.058
2018-07-10 1.350 7.010
2018-06-08 1.350 7.289
2018-04-10 1.350 7.823
2018-03-07 1.350 7.700
2018-02-09 1.350 7.633
2018-01-10 1.350 7.993
2017-12-11 1.350 8.199
2017-11-10 1.350 8.436
2017-10-10 1.350 8.235
2017-09-11 1.350 8.192
2017-07-10 1.300 7.811
2017-06-12 1.300 7.917
2017-05-09 1.300 8.155
2017-04-10 1.300 8.013
2017-02-10 1.300 7.981
2017-01-10 1.300 8.109
2016-12-08 1.300 8.234
2016-10-12 1.300 8.251
2016-09-12 1.300 7.996
2016-08-09 1.300 7.910
2016-07-12 1.300 8.527
2016-06-10 1.300 8.663
2016-05-04 1.300 8.628
2016-04-11 1.300 8.929
2016-03-10 1.300 8.857
2016-02-10 1.300 9.047
2016-01-15 1.300 9.155
2015-12-10 1.300 8.965
2015-11-11 1.250 8.623
2015-10-08 1.250 8.935
2015-09-10 1.250 9.225
2015-08-05 1.250 8.778
2015-07-15 1.250 8.381
2015-06-18 1.250 8.372
2015-05-06 1.200 8.307
2015-04-20 1.200 8.412
2015-03-11 1.200 8.418
2015-02-12 1.200 8.453
2015-01-15 1.200 8.823
2014-12-12 1.200 9.115
2014-11-11 1.200 8.742
2014-10-17 1.200 8.721
2014-09-12 1.200 8.726
2014-08-06 1.200 8.642
2014-07-11 1.200 8.573
2014-06-13 1.200 8.512
2014-05-06 1.200 8.415
2014-04-14 1.200 8.102
2014-03-05 1.200 8.207
2014-02-14 1.200 8.376
2013-11-06 1.200 8.817
2013-10-11 1.104 8.121
2013-09-16 1.104 8.178
2013-08-07 1.104 8.341
2013-07-12 1.104 8.449
2013-06-14 1.104 8.836
2013-05-07 1.104 8.778
2013-04-12 1.104 8.513
2013-03-05 1.104 8.539
2013-02-15 1.104 8.483
2013-01-16 1.104 8.529
2012-12-14 1.104 8.623
2012-11-09 1.104 9.080
2012-10-12 1.104 9.024
2012-08-02 1.104 8.429
2012-07-13 1.104 9.222
2012-06-15 1.104 9.102
2012-05-01 1.104 8.510
2012-04-13 1.104 7.996
2012-03-12 1.104 7.953
2012-02-16 1.104 7.972
2012-01-16 1.104 8.466
2011-12-19 1.104 8.868
2011-10-14 1.304 10.003
2011-09-16 1.304 10.781
2011-08-05 1.304 10.067
2011-07-15 1.304 9.379
2011-06-16 1.304 9.265
2011-05-24 1.300 9.090
2011-03-14 1.300 8.628
2011-02-17 1.304 8.697
2011-01-14 1.304 8.689
2010-12-10 1.604 10.609
2010-11-08 1.100 7.989
2010-10-14 1.404 10.832
2010-09-16 1.404 10.664
2010-08-06 1.404 11.121
2010-07-15 1.404 11.424
2010-06-16 1.404 11.529
2010-05-04 1.404 10.896
2010-04-15 1.404 10.440
2010-03-10 1.404 10.685
2010-02-17 1.404 11.270
2010-01-15 1.404 11.177
2009-12-14 1.404 11.862
2009-11-06 1.404 12.226
2009-10-15 1.404 12.094
2009-09-17 1.404 12.002
2009-08-07 1.404 13.394
2009-07-17 1.404 16.086
2009-06-16 1.404 16.934
2009-05-05 1.404 18.076
2009-04-15 1.404 18.453

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Bridgemarq Real Estate Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bridgemarq Real Estate Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bridgemarq Real Estate Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bridgemarq Real Estate Services has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bridgemarq Real Estate Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Soper
COMPENSATION CA$406,780
CEO Bio

Mr. Philip Soper, also known as Phil, serves as the Chief Executive Officer and President of Royal LePage Real Estate Services Ltd. Mr. Soper serves as the Chief Executive Officer and President of Brookfield Real Estate Services Inc. He serves as President of Brookfield Real Estate Services Manager Limited at Brookfield Real Estate Services Inc. Mr. Soper served as the President of Residential Franchise & Core Brokerage Services at Brookfield Real Estate Services Manager Limited. Mr. Soper served as the Chief Executive Officer of Brookfield Real Estate Services Limited at Brookfield Real Estate Services Fund and GMAC Real Estate, LLC since 2004 and its President since 2002. Mr. Soper oversaw an international real estate brokerage and franchise network that includes the Real Living, GMAC Real Estate, La Capitale and Royal LePage businesses. Mr. Soper joined Brookfield Real Estate Services Fund. and served as Vice President and General Manager, Corporate Relocation Solutions since February 2001. Prior to joining RL RES, Mr. Soper served in various positions of responsibility with IBM, commencing in 1984, including General Manager of IBM’s Information Technology consulting services division from 1997 to 2001. Mr. Soper held various leadership roles at IBM, in professional services, business development, finance and planning and sales and marketing. He serves as a Director of Brookfield Real Estate Services Limited. Mr. Soper graduated from the University of Alberta with a Bachelor of Commerce and from the University of Western Ontario’s Ivey Executive Program. President of Brookfield Real Estate Services Manager Limited – Manager

CEO Compensation
  • Phil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Phil's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Bridgemarq Real Estate Services management team in years:

0.8
Average Tenure
  • The average tenure for the Bridgemarq Real Estate Services management team is less than 2 years, this suggests a new team.
Management Team

Phil Soper

TITLE
CEO & President
COMPENSATION
CA$407K

Glen McMillan

TITLE
Chief Financial Officer
COMPENSATION
CA$312K
TENURE
4.9 yrs

Carolyn Cheng

TITLE
Chief Operating Officer
TENURE
0.3 yrs

Sarah Gardiner

TITLE
Director of Investor Relations

Sandra Webb

TITLE
Senior Vice President of Marketing & Communications
TENURE
0.3 yrs

David Levi

TITLE
Managing Partner & CEO of Public Services
AGE
48
TENURE
1.3 yrs

Craig Noble

TITLE
Managing Partner & CEO of Alternative Investments
AGE
45

Luc Poupart

TITLE
President of Via Capitale
Board of Directors Tenure

Average tenure of the Bridgemarq Real Estate Services board of directors in years:

5.7
Average Tenure
  • The tenure for the Bridgemarq Real Estate Services board of directors is about average.
Board of Directors

Spencer Enright

TITLE
Chairman of the Board
COMPENSATION
CA$230K
TENURE
5.7 yrs

Gail Kilgour

TITLE
Corporate Independent Director
COMPENSATION
CA$100K
TENURE
17.3 yrs

Lorraine Bell

TITLE
Corporate Independent Director
COMPENSATION
CA$110K
TENURE
17.3 yrs

Joe Freedman

TITLE
Director
TENURE
1.1 yrs

Colum Bastable

TITLE
Independent Director
AGE
72
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Aug 19 Buy Glen McMillan Individual 13. Aug 19 14. Aug 19 1,000 CA$14.14 CA$14,076
21. Jun 19 Buy Glen McMillan Individual 20. Jun 19 20. Jun 19 600 CA$15.31 CA$9,186
X
Management checks
We assess Bridgemarq Real Estate Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bridgemarq Real Estate Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Those Who Purchased Bridgemarq Real Estate Services (TSE:BRE) Shares Three Years Ago Have A 16% Loss To Show For It

(TSE:BRE) shareholders have had that experience, with the share price dropping 16% in three years, versus a market return of about 13%. … Check out our latest analysis for Bridgemarq Real Estate Services To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … Although the share price is down over three years, Bridgemarq Real Estate Services actually managed to grow EPS by 44% per year in that time.

Simply Wall St -

A Look At The Fair Value Of Bridgemarq Real Estate Services Inc. (TSE:BRE)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Bridgemarq Real Estate Services Inc. … As Bridgemarq Real Estate Services operates in the real estate sector, we need to calculate the intrinsic value slightly differently. … Given that we are looking at Bridgemarq Real Estate Services as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt.

Simply Wall St -

Income Investors Should Know That Bridgemarq Real Estate Services Inc. (TSE:BRE) Goes Ex-Dividend Soon

Bridgemarq Real Estate Services's upcoming dividend is CA$0.11 a share, following on from the last 12 months, when the company distributed a total of CA$1.35 per share to shareholders. … See our latest analysis for Bridgemarq Real Estate Services Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. … In summary, it's hard to get excited about Bridgemarq Real Estate Services from a dividend perspective.

Simply Wall St -

Would Bridgemarq Real Estate Services Inc. (TSE:BRE) Be Valuable To Income Investors?

(TSE:BRE) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. In this case, Bridgemarq Real Estate Services likely looks attractive to investors, given its 8.8% dividend yield and a payment history of over ten years. It would not be a surprise to discover that many investors buy it for the dividends. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Click the interactive chart for our full dividend analysis TSX:BRE Historical Dividend Yield, June 19th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Looking at the data, we can see that 137% of Bridgemarq Real Estate Services's profits were paid out as dividends in the last 12 months. Unless there are extenuating circumstances, from the perspective of an investor who hopes to own the company for many years, a payout ratio of above 100% is definitely a concern. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. The company paid out 90% of its free cash flow as dividends last year, which is adequate, but reduces the wriggle room in the event of a downturn. It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Bridgemarq Real Estate Services fortunately did generate enough cash to fund its dividend. Still, if the company repeatedly paid a dividend greater than its profits, we'd be concerned. Very few companies are able to sustainably pay dividends larger than their reported earnings. Is Bridgemarq Real Estate Services's Balance Sheet Risky? As Bridgemarq Real Estate Services's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … We struggle to make a case for buying Bridgemarq Real Estate Services for its dividend, given that payments have shrunk over the past ten years.

Simply Wall St -

What Type Of Shareholder Owns Brookfield Real Estate Services Inc.'s (TSE:BRE)?

Check out our latest analysis for Brookfield Real Estate Services TSX:BRE Ownership Summary, May 25th 2019 What Does The Institutional Ownership Tell Us About Brookfield Real Estate Services? … As you can see, institutional investors own 25% of Brookfield Real Estate Services. … Insider Ownership Of Brookfield Real Estate Services While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Should You Worry About Brookfield Real Estate Services Inc.'s (TSE:BRE) CEO Pay Cheque?

Phil Soper is the CEO of Brookfield Real Estate Services Inc. … Check out our latest analysis for Brookfield Real Estate Services? … At the time of writing our data says that Brookfield Real Estate Services Inc.

Simply Wall St -

Investors Who Bought Brookfield Real Estate Services (TSE:BRE) Shares Three Years Ago Are Now Up 14%

That's what has happened with the Brookfield Real Estate Services Inc. … Check out our latest analysis for Brookfield Real Estate Services. … Brookfield Real Estate Services was able to grow its EPS at 136% per year over three years, sending the share price higher.

Simply Wall St -

Is Brookfield Real Estate Services Inc. (TSE:BRE) A Smart Choice For Dividend Investors?

Historically, Brookfield Real Estate Services Inc. … Let's dig deeper into whether Brookfield Real Estate Services should have a place in your portfolio. … View our latest analysis for Brookfield Real Estate Services

Simply Wall St -

Only 4 Days Left Before Brookfield Real Estate Services Inc. (TSE:BRE) Will Be Trading Ex-Dividend

Brookfield Real Estate Services Inc. … Should you diversify into Brookfield Real Estate Services and boost your portfolio income stream? … Check out our latest analysis for Brookfield Real Estate Services?

Simply Wall St -

How Many Brookfield Real Estate Services Inc. (TSE:BRE) Shares Do Institutions Own?

If you want to know who really controls Brookfield Real Estate Services Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Brookfield Real Estate Services is not a large company by global standards.

Simply Wall St -

Company Info

Description

Bridgemarq Real Estate Services Inc. provides various services to residential real estate brokers and REALTORS in Canada. It offers information, tools, and services that assist its customers in the delivery of real estate sales services. The company provides its services under the Royal LePage, Via Capitale, and Johnston & Daniel brands. The company was formerly known as Brookfield Real Estate Services Inc. and changed its name to Bridgemarq Real Estate Services Inc. in May 2019. The company was founded in 2003 and is headquartered in Toronto, Canada.

Details
Name: Bridgemarq Real Estate Services Inc.
BRE
Exchange: TSX
Founded: 2003
CA$89,680,619
CA$66,386,950
12,811,517
Website: http://www.bridgemarq.com
Address: Bridgemarq Real Estate Services Inc.
39 Wynford Drive,
Toronto,
Ontario, M3C 3K5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BRE Restricted Voting Shares The Toronto Stock Exchange CA CAD 07. Aug 2003
OTCPK BREU.F Restricted Voting Shares Pink Sheets LLC US USD 07. Aug 2003
Number of employees
Current staff
Staff numbers
0
Bridgemarq Real Estate Services employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 13:56
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/03/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.