# Chartwell Retirement Residences (CSH-UN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price C$20.94, market value C$6.9 billion.

## Valuation
- **P/E (trailing): 1047.0×** (5-yr avg 131.2×, 3-yr avg 128.3×). Chartwell Retirement Residences trades at 1047.0× trailing earnings, well above its own five-year average of 131.2×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 87.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 5.36**. A PEG of 5.36 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 5.7×**. Each dollar of revenue is priced at 5.7×.
- **Price / book: 3.7×**. The shares trade at 3.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 21.7×**. Enterprise value is 21.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.5%** (5-yr avg 1.9%). Free cash flow equals 2.5% of the market value, above its five-year average of 1.9%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 0.1%**. The inverse of the P/E: 0.1% of the price is earned each year.

## Profitability
- **Gross margin: 18.8%**. Chartwell Retirement Residences keeps 18.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 14.0%**. 14.0% of revenue is left after running the business.
- **Net margin: 2.7%**. 2.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.7%**. 1.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 1.8%**. Return on all capital, debt included, is 1.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 0.2%**. Each dollar of assets produces 0.2% of profit.

## Growth
- **Revenue growth (1 yr): 28.7%** (3-yr 16.3%/yr, 5-yr 3.7%/yr). Revenue grew 28.7% over the last year, against 3.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 16.3%** (3-yr -5.9%/yr, 5-yr 7.7%/yr). Earnings per share rose 16.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 76.1%/yr**. Free cash flow has compounded at 76.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.75**. Debt is 1.75 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 6.4×**. It would take 6.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.4×**. Operating profit covers interest only 1.4×: fragile.
- **Current ratio: 0.33** (quick 0.33). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.92**. A Z-score of 1.92 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.98%** (C$0.62 per share, trailing). Chartwell Retirement Residences yields 2.98%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 435%** (78% of free cash flow). The dividend exceeds earnings (435% payout), though free cash flow still covers it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.1%/yr** (1-yr 0.0%). The dividend has grown 0.1% a year over five years.
- **Shareholder yield: -7.1%**. Dividends plus net buybacks return -7.1% of the market value a year.

## Analyst view
- **Analyst consensus: strong_buy** (11 analysts). 11 analysts cover Chartwell Retirement Residences; the consensus is strong_buy, with an average price target of C$25.98 (+24% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 13.6%** (YTD 5.7%, 3-mo -2.2%). The shares are up 13.6% over twelve months including dividends.
- **From 52-week high: -10.4%** (11.1% above the low). Trading 10% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.25** (volatility 22%). Beta of 0.25 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CSH-UN.TO · Page: https://foliofundamentals.com/stocks/csh-un.to

Not investment advice.