CSH-UN Stock Analysis: Chartwell Retirement | TO

Independent Residences, Assisted Housing, Long-Term Care

Total Rating 21

Safety 12

Buy Signal -0.65

REIT - Healthcare Facilities
Industry Rotation: +0.7

Market Cap: 4.84B
Avg Turnover: 8.70M

Risk 3d forecast

Volatility20.1%

VaR 5^th Pctl3.44%

VaR vs Median3.75%

Reward TTM

Sharpe Ratio0.22

Rel. Str. IBD47.7

Rel. Str. Peer Group44.7 pctl

Character TTM

Beta-0.074

Beta Downside-0.162

Hurst Exponent0.493

Choppyness53.2%

Drawdowns 3y

Max DD16.23%

CAGR/Max DD2.02

CAGR/Mean DD10.36

EPS (Earnings per Share)

Revenue

Rev. CAGR: 22.49%
Rev. Trend: 99.1%

Last SUE: -0.27
Qual. Beats: 0

Warnings

P/E Ratio 684.7

High Debt/EBITDA With Thin Interest Coverage

Beneish M-Score Likely Earnings Manipulation

Altman Z'' In Financial Distress Zone

Tailwinds

No distinct edge detected

Seasonality 11.8 years of data

Jan +2.0% 9

Feb +0.6% 5

Mar -0.8% 11

Apr -0.6% 18

May -0.4% 5

Jun +2.7% 19

Jul -0.5% 5

Aug -1.9% 17

Sep -0.9% 19

Oct -2.1% 49

Nov +0.2% 13

Dec -0.2% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CSH-UN Chartwell Retirement

Chartwell Retirement Residences is a Canadian real estate trust that indirectly owns and operates seniors’ housing communities, spanning independent living, assisted living and long-term care. It serves approximately 30,000 residents across four provinces and was established in 2003.

As a health care REIT, Chartwell’s business combines real estate ownership with the operation of housing and care services for seniors.

Headlines to Watch Out For

Occupancy gains and rent increases lift same-property NOI
Wage inflation and staffing shortages pressure operating margins
Debt refinancing costs and cap rates constrain growth and distributions

Piotroski VR-10 (Strict) 1.0

Net Income: 8.66m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.17 > 1.0
NWC/Revenue: -39.88% < 20% (prev -58.16%; Δ 18.28% < -1%)
CFO/TA 0.06 > 3% & CFO 325.9m > Net Income 8.66m
Net Debt (3.22b) to EBITDA (452.9m): 7.11 < 3
Current Ratio: 0.14 > 1.5 & < 3
Outstanding Shares: last quarter (327.3m) vs 12m ago 13.86% < -2%
Gross Margin: 6.54% > 18% (prev 41.51%; Δ -34.97% > 0.5%)
Asset Turnover: 24.21% > 50% (prev 22.08%; Δ 2.13% > 0%)
Interest Coverage Ratio: 1.39 > 6 (EBIT TTM 176.4m / Interest Expense TTM 127.4m)

Altman Z'' -1.11

A: -0.09 (Total Current Assets 77.6m - Total Current Liabilities 562.4m) / Total Assets 5.57b
B: -0.40 (Retained Earnings -2.22b / Total Assets 5.57b)
C: 0.04 (EBIT TTM 176.4m / Avg Total Assets 5.02b)
D: 0.50 (Book Value of Equity 1.86b / Total Liabilities 3.71b)
Altman-Z'' = -1.11 = CCC

Beneish M 1.00

DSRI: 0.41 (Receivables 15.2m/30.2m, Revenue 1.22b/986.1m)
GMI: 6.35 (GM 41.51% / 6.54%)
AQI: 2.20 (AQ_t 0.10 / AQ_t-1 0.05)
SGI: 1.23 (Revenue 1.22b / 986.1m)
TATA: -0.06 (NI 8.66m - CFO 325.9m) / TA 5.57b)
Beneish M = 2.21 (Cap -4..+1) = D

What is the price of CSH-UN shares?

As of November 04, 2026, the stock is trading at CAD 21.57 with a total of 707,665 shares traded. Over the past week, the price has changed by +3.02%, over one month by +9.10%, over three months by -0.71% and over the past year by +6.68%.

Current recommended Stop Loss: 20.90 (which is 3.1% or 1.5 ATR below the current price).

Is CSH-UN a buy, sell or hold?

Chartwell Retirement has no consensus analysts rating.

Chartwell Retirement (CSH-UN) - Fundamental Data Overview as of 03 November 2026

Market Cap USD = 4.84b (6.77b CAD * 0.7147 CAD.USD)
P/E Trailing = 684.6667
P/E Forward = 68.4932
P/S = 5.5555
P/B = 3.6535
Revenue TTM = 1.22b CAD
EBIT TTM = 176.4m CAD
EBITDA TTM = 452.9m CAD
Long Term Debt = 2.71b CAD (from longTermDebt, last quarter)
Short Term Debt = 563.2m CAD (from shortTermDebt, last quarter)
Debt = 3.26b CAD (from shortLongTermDebtTotal, last quarter) + Leases 7.76m
Net Debt = 3.22b CAD (calculated: Debt 3.26b - CCE 38.1m)
Enterprise Value = 9.99b CAD (6.77b + Debt 3.26b - CCE 38.1m)
Interest Coverage Ratio = 1.39 (Ebit TTM 176.4m / Interest Expense TTM 127.4m)
EV/FCF = 59.88x (Enterprise Value 9.99b / FCF TTM 166.9m)
FCF Yield = 1.67% (FCF TTM 166.9m / Enterprise Value 9.99b)
FCF Margin = 13.73% (FCF TTM 166.9m / Revenue TTM 1.22b)
Net Margin = 0.71% (Net Income TTM 8.66m / Revenue TTM 1.22b)
Gross Margin = 6.54% ((Revenue TTM 1.22b - Cost of Revenue TTM 1.14b) / Revenue TTM)
Gross Margin QoQ = -3.42% (prev -1.59%)
Tobins Q-Ratio = 1.79 (Enterprise Value 9.99b / Total Assets 5.57b)
Interest Expense / Debt = 3.91% (Interest Expense 127.4m / Debt 3.26b)
Taxrate = 25.0% (non-US conservative default 25%)
NOPAT = 132.3m (EBIT 176.4m * (1 - 25.00%))
Current Ratio = 0.14 (Total Current Assets 77.6m / Total Current Liabilities 562.4m)
Debt / Equity = 1.75 (Debt 3.26b / totalStockholderEquity, last quarter 1.86b)
Debt / EBITDA = 7.11 (Net Debt 3.22b / EBITDA 452.9m)
Debt / FCF = 19.29 (Net Debt 3.22b / FCF TTM 166.9m)
Total Stockholder Equity = 1.72b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.17% (Net Income 8.66m / Total Assets 5.57b)
RoE = 0.50% (Net Income TTM 8.66m / Total Stockholder Equity 1.72b)
RoCE = 3.98% (EBIT 176.4m / Capital Employed (Equity 1.72b + L.T.Debt 2.71b))
RoIC = 2.39% (NOPAT 132.3m / Invested Capital 5.54b)
WACC = 4.60% (E(6.77b)/V(10.0b) * Re(5.40%) + D(3.26b)/V(10.0b) * Rd(3.91%) * (1-Tc(0.25)))
Discount Rate = 5.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 99.06 | Cagr: 13.89%
[DCF] Terminal Value 77.97% ; FCFF base≈156.7m ; Y1≈179.6m ; Y5≈264.3m
[DCF] Fair Price = 2.31 (EV 3.98b - Net Debt 3.22b = Equity 757.9m / Shares 328.3m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 99.15 | Revenue CAGR: 22.49% | SUE: -0.27 | # QB: 0
EPS current Year (2026-12-31): EPS=0.15 | Chg30d=-48.28% | Revisions=-25% | GrowthEPS=+49.5% | GrowthRev=+21.3%
EPS next Year (2027-12-31): EPS=0.30 | Chg30d=-26.83% | Revisions=-25% | GrowthEPS=+100.0% | GrowthRev=+9.3%