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The Becker Milk Company (BEK-B) Fair Value & Analysis

Real Estate · CA · Market cap C$23.5M (≈ $17.0M)

What is The Becker Milk Company really worth?

TB The Becker Milk Company BEK-B · TO
PriceC$13.12
Fair ValueC$12.92
Upside−1.5%
Quality70/100

A solid business, currently priced close to our fair value of C$12.92.

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Strengths

Highly profitable · 48.7% net margin
generates free cash flow

Risks

!Weak Growth (revenue 5y −0.7 %/yr)
!Mixed vs. peers (7/13)
!Moderate moat 58/100
!Weak on future: 13 out of 100
!Weak on past: 17 out of 100

For context

·6.10% dividend yield
Evidence: High Range C$9.76 – C$15.42

Fair value as of: Aug 29, 2026

From 16 valuation models · updated 7 days ago

Share price −0.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

C$13.29 C$9.12 Fair Value C$12.92 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range C$9.12 – C$13.29 · fair‑value band C$9.76 – C$15.42 · the C$13.12 price screens above the C$12.92 fair value. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

The Becker Milk Company (BEK-B) currently trades at C$13.12, while our model-based Fair Value estimate is C$12.92, implying the stock looks roughly 1.5% fairly valued today. The Quality Score stands at 70/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of C$12.92 per share, and 2 of the 16 models we run sit above the C$13.12 price. Bear case: the Dividend Discount group reads lowest at C$5.96, and 14 of the 16 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, The Becker Milk Company generated revenue of C$3.1M at a net margin of 46.4%. Revenue grew 7.1% year over year. It earns a return on equity of 4.2%. The stock trades on a trailing P/E of 16.2 (as of Jun 6, 2026). Fundamentals as of Aug 29, 2026

Our scenario range runs from C$9.76 (bear case) to C$15.42 (bull case); at C$13.12, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −2%, BEK-B screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence C$6.93 C$8.67 C$11.45 79
Growth DCF C$7.10 C$8.73 C$11.15 76
Residual Income C$12.67 C$12.43 C$10.28 75
All 16 models by family
DCF Models
FCF DCF best evidence C$6.93 C$8.67 C$11.45 79
5Y Revenue Exit C$5.96 C$8.01 C$10.97 70
5Y EBITDA Exit C$7.87 C$11.32 C$15.87 71
10Y Revenue Exit C$6.29 C$7.68 C$9.12 65
10Y EBITDA Exit C$7.39 C$9.43 C$11.57 66
Dividend Discount
Gordon GGM C$5.57 C$5.96 C$6.52 67
DDM Multi-Stage C$5.57 C$6.45 C$7.54 65
Multiples
P/S Multiple C$7.86 C$10.48 C$13.10 56
P/B Multiple C$10.02 C$13.36 C$16.70 53
EV/EBIT C$9.76 C$12.92 C$16.09 61
EV/EBITDA C$10.13 C$13.42 C$16.71 63
EV/Revenue C$5.50 C$7.74 C$9.99 50
Asset-Based
NCAV (Graham) C$9.25 C$12.40 C$18.51 50
Growth DCF
Growth DCF C$7.10 C$8.73 C$11.15 76
Rev-Margin DCF C$5.96 C$8.10 C$10.57 70
Economic Profit
Residual Income C$12.67 C$12.43 C$10.28 75

Widest divergence: Multiples (C$12.92) versus Dividend Discount (C$5.96). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 16.2 as of Jun 6, 2026
P/S ratio 7.90 P/E × margin
EPS (TTM) C$0.7800 price ÷ EPS = P/E 16.2
Dividend yield 6.1% payout 103%
Net margin 48.7% FY2026
Return on equity 4.2% TTM
More key figures
Profitability
Return on assets (EBIT) 3.3% avg 5y
Operating margin 46.4% TTM
Growth
Revenue (TTM) C$3.1M TTM
Revenue growth (YoY) +7.1% 3y avg +2.4%
EPS growth (YoY) −62.4%
Balance sheet & cash flow
Free cash flow C$1.7M FY2026
Net cash C$475K FY2026

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 67 · Market factors (momentum, volatility) 65

Profitability 35
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

The Becker Milk Company Limited owns and manages retail commercial properties in Ontario, Canada. It leases retail stores and residential properties. The company was incorporated in 1988 and is headquartered in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Becker Milk Company reported revenue of C$2.9M in FY2026 versus C$2.6M in FY2022, a compound +2.6%/yr. Reported net income was C$1.4M in FY2026, compounding −29.2%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
C$2.9M
Latest YoY
+2.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.7%
Avg. revenue growth/yr (29Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−10.6% (−16.7 + 6.1)
Revenue +2.6%/yr
FY22 C$2.6M
FY23 C$2.7M
FY24 C$2.8M
FY25 C$2.8M
FY26 C$2.9M
Net income −29.2%/yr
FY22 C$5.7M
FY23 −C$778K
FY24 C$124K
FY25 C$2.8M
FY26 C$1.4M
Character of growth · EPS growth decomposed (2015-2026) −4.7 % p.a.
Revenue per share −3.1 %

of which total revenue −3.1 % · buybacks/dilution +0.0 %

EBIT margin −4.0 %
Tax rate +0.0 %
Residual (interest, one-offs) +2.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "The Becker Milk Company Fair Value". https://www.fairvalue-calculator.com/stock/BEK-B

Peer Group

Real Estate Services · 523 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside −2% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 49% · Top 25%
Operating margin (TTM) 24% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 6.1% · Top 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 16.2× · Pricier than median
P/B 0.51× · Cheaper than median
P/S (TTM) 5.83× · Pricier than 75% of peers
P/FCF 10.2× · Pricier than median
EV/EBITDA 15.9× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE31 · sector 30
FUTURE13 · sector 11
PAST17 · sector 17
HEALTH0 · sector 84
DIVIDEND100 · sector 63

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $148.74 $69.47 −53%
Vonovia SE VNA €19.85 €36.67 +85%
Cellnex Telecom, S.A CLNX €27.47 €25.46 −7%
KE Holdings BEKE $17.42 $6.57 −62%
Jones Lang LaSalle Incorporated JLL $378.01 $290.25 −23%
Swire Properties Limited 1972 HK$24.84 HK$5.12 −79%
CoStar Group CSGP $32.22 $4.64 −86%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 −12%
CapitaLand Investment Limited 9CI 2.66 SGD 0.4900 SGD −82%
Plaza S.A MALLPLAZA 4,040 CLP 4,571 CLP +13%

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Frequently asked questions

Is The Becker Milk Company (BEK-B) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of C$12.92 versus a price of C$13.12, about −2% upside (fairly valued).
What is the fair value of BEK-B?
Our model-based fair value for The Becker Milk Company is C$12.92 (as of Aug 29, 2026), built from audited fundamentals. The current price: C$13.12.
What is the quality score of BEK-B?
The Becker Milk Company has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The Becker Milk Company (BEK-B)?
The Becker Milk Company reported trailing-twelve-month revenue of about C$3.1M (latest available figure, as of Aug 29, 2026).
What is the net profit margin of BEK-B?
The net profit margin of The Becker Milk Company is about 46.4%, meaning it keeps roughly 46.4% of revenue as net income. Based on the latest reported figures.
Does The Becker Milk Company pay a dividend?
The Becker Milk Company currently shows a dividend yield of about 6.10% relative to its recent price (as of Aug 29, 2026).
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