ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) Stock Fundamental Analysis
TSX:AX-PR-I - Toronto Stock Exchange - CA04315L8657 - Currency: CAD
AX-PR-I gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 37 industry peers in the Diversified REITs industry. The financial health of AX-PR-I is average, but there are quite some concerns on its profitability. AX-PR-I has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
AX-PR-I had negative earnings in the past year.
AX-PR-I had a positive operating cash flow in the past year.
In multiple years AX-PR-I reported negative net income over the last 5 years.
AX-PR-I had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AX-PR-I has a Return On Assets of -1.54%. This is comparable to the rest of the industry: AX-PR-I outperforms 48.65% of its industry peers.
AX-PR-I's Return On Equity of -2.68% is in line compared to the rest of the industry. AX-PR-I outperforms 48.65% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.02%, AX-PR-I is doing worse than 83.78% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AX-PR-I is in line with the industry average of 5.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.54% | ||
| ROE | -2.68% | ||
| ROIC | 3.02% |
ROA(3y)-3.95%
ROA(5y)-0.73%
ROE(3y)-8.29%
ROE(5y)-1.91%
ROIC(3y)4.34%
ROIC(5y)4.41%
1.3 Margins
AX-PR-I has a Operating Margin of 35.15%. This is amonst the worse of the industry: AX-PR-I underperforms 81.08% of its industry peers.
AX-PR-I's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 53.44%, AX-PR-I is not doing good in the industry: 70.27% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of AX-PR-I has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.15% | ||
| PM (TTM) | N/A | ||
| GM | 53.44% |
OM growth 3Y-9.19%
OM growth 5Y-6.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.4%
GM growth 5Y-1.76%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AX-PR-I is destroying value.
AX-PR-I has less shares outstanding than it did 1 year ago.
The number of shares outstanding for AX-PR-I has been reduced compared to 5 years ago.
AX-PR-I has a better debt/assets ratio than last year.
2.2 Solvency
AX-PR-I has an Altman-Z score of 0.82. This is a bad value and indicates that AX-PR-I is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AX-PR-I (0.82) is better than 75.68% of its industry peers.
AX-PR-I has a debt to FCF ratio of 13.90. This is a negative value and a sign of low solvency as AX-PR-I would need 13.90 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.90, AX-PR-I is in the better half of the industry, outperforming 70.27% of the companies in the same industry.
A Debt/Equity ratio of 0.51 indicates that AX-PR-I is somewhat dependend on debt financing.
The Debt to Equity ratio of AX-PR-I (0.51) is better than 97.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 13.9 | ||
| Altman-Z | 0.82 |
ROIC/WACC0.39
WACC7.79%
2.3 Liquidity
AX-PR-I has a Current Ratio of 0.44. This is a bad value and indicates that AX-PR-I is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.44, AX-PR-I is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
AX-PR-I has a Quick Ratio of 0.44. This is a bad value and indicates that AX-PR-I is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.44, AX-PR-I is in the better half of the industry, outperforming 75.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.44 |
3. Growth
3.1 Past
AX-PR-I shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 86.55%, which is quite impressive.
The Revenue for AX-PR-I has decreased by -13.42% in the past year. This is quite bad
AX-PR-I shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.45% yearly.
EPS 1Y (TTM)86.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.54%
Revenue 1Y (TTM)-13.42%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-22.53%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for AX-PR-I. In the last year negative earnings were reported.
Also next year AX-PR-I is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
AX-PR-I's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, AX-PR-I is valued a bit more expensive than 72.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.28 | ||
| EV/EBITDA | 28.78 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
AX-PR-I has a Yearly Dividend Yield of 8.45%, which is a nice return.
AX-PR-I's Dividend Yield is a higher than the industry average which is at 7.95.
AX-PR-I's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
5.2 History
On average, the dividend of AX-PR-I grows each year by 8.07%, which is quite nice.
AX-PR-I has been paying a dividend for over 5 years, so it has already some track record.
AX-PR-I has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.07%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
AX-PR-I has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of AX-PR-I is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-246.48%
EPS Next 2YN/A
EPS Next 3YN/A
ARTIS REAL ESTATE - AXUCN 6.905 PERP
TSX:AX-PR-I (6/17/2025, 7:00:00 PM)
21.15
+0.4 (+1.93%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners20.32%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap2.09B
Analysts42.5
Price Target21.28 (0.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
Yearly Dividend1
Dividend Growth(5Y)8.07%
DP-246.48%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.7%
PT rev (3m)0.46%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 7.41 | ||
| P/FCF | 27.28 | ||
| P/OCF | 27.17 | ||
| P/B | 1.34 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | 28.78 |
EPS(TTM)-0.4
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.78
FCFY3.67%
OCF(TTM)0.78
OCFY3.68%
SpS2.85
BVpS15.75
TBVpS15.75
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.54% | ||
| ROE | -2.68% | ||
| ROCE | 4.58% | ||
| ROIC | 3.02% | ||
| ROICexc | 3.05% | ||
| ROICexgc | 3.05% | ||
| OM | 35.15% | ||
| PM (TTM) | N/A | ||
| GM | 53.44% | ||
| FCFM | 27.18% |
ROA(3y)-3.95%
ROA(5y)-0.73%
ROE(3y)-8.29%
ROE(5y)-1.91%
ROIC(3y)4.34%
ROIC(5y)4.41%
ROICexc(3y)4.39%
ROICexc(5y)4.53%
ROICexgc(3y)4.39%
ROICexgc(5y)4.53%
ROCE(3y)6.02%
ROCE(5y)6.13%
ROICexcg growth 3Y-6.15%
ROICexcg growth 5Y-3.03%
ROICexc growth 3Y-6.15%
ROICexc growth 5Y-3.03%
OM growth 3Y-9.19%
OM growth 5Y-6.55%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.4%
GM growth 5Y-1.76%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 13.9 | ||
| Debt/EBITDA | 7.98 | ||
| Cap/Depr | 24.71% | ||
| Cap/Sales | 0.11% | ||
| Interest Coverage | 1.17 | ||
| Cash Conversion | 76.63% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.44 | ||
| Quick Ratio | 0.44 | ||
| Altman-Z | 0.82 |
F-Score6
WACC7.79%
ROIC/WACC0.39
Cap/Depr(3y)22.34%
Cap/Depr(5y)13.48%
Cap/Sales(3y)0.09%
Cap/Sales(5y)0.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)86.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.54%
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.42%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-22.53%
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-41.86%
EBIT growth 3Y-18.76%
EBIT growth 5Y-16.32%
EBIT Next Year73.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-36.16%
FCF growth 3Y-26.68%
FCF growth 5Y-16.66%
OCF growth 1Y-35.89%
OCF growth 3Y-26.56%
OCF growth 5Y-16.72%