ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) Stock Fundamental Analysis
Canada - TSX:AX-UN - CA04315L1058 - REIT
6.43 CAD
+0.03 (+0.47%)
Taking everything into account, AX-UN scores 3 out of 10 in our fundamental rating. AX-UN was compared to 37 industry peers in the Diversified REITs industry. While AX-UN seems to be doing ok healthwise, there are quite some concerns on its profitability. AX-UN is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year AX-UN has reported negative net income.
In the past year AX-UN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AX-UN reported negative net income in multiple years.
In the past 5 years AX-UN always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -2.52%, AX-UN is not doing good in the industry: 67.57% of the companies in the same industry are doing better.
AX-UN has a Return On Equity (-4.53%) which is comparable to the rest of the industry.
AX-UN's Return On Invested Capital of 1.88% is on the low side compared to the rest of the industry. AX-UN is outperformed by 89.19% of its industry peers.
AX-UN had an Average Return On Invested Capital over the past 3 years of 4.34%. This is in line with the industry average of 4.98%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.52% | ||
| ROE | -4.53% | ||
| ROIC | 1.88% |
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
Looking at the Operating Margin, with a value of 21.59%, AX-UN is doing worse than 83.78% of the companies in the same industry.
AX-UN's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 52.10%, AX-UN is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
AX-UN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.59% | ||
| PM (TTM) | N/A | ||
| GM | 52.1% |
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
AX-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AX-UN has less shares outstanding
Compared to 5 years ago, AX-UN has less shares outstanding
The debt/assets ratio for AX-UN has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.02, we must say that AX-UN is in the distress zone and has some risk of bankruptcy.
AX-UN has a worse Altman-Z score (0.02) than 78.38% of its industry peers.
AX-UN has a debt to FCF ratio of 13.54. This is a negative value and a sign of low solvency as AX-UN would need 13.54 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 13.54, AX-UN is doing good in the industry, outperforming 72.97% of the companies in the same industry.
A Debt/Equity ratio of 0.45 indicates that AX-UN is not too dependend on debt financing.
AX-UN has a Debt to Equity ratio of 0.45. This is amongst the best in the industry. AX-UN outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 13.54 | ||
| Altman-Z | 0.02 |
ROIC/WACC0.29
WACC6.6%
2.3 Liquidity
AX-UN has a Current Ratio of 0.56. This is a bad value and indicates that AX-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
AX-UN has a Current ratio of 0.56. This is amongst the best in the industry. AX-UN outperforms 81.08% of its industry peers.
A Quick Ratio of 0.56 indicates that AX-UN may have some problems paying its short term obligations.
AX-UN's Quick ratio of 0.56 is amongst the best of the industry. AX-UN outperforms 83.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.56 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 71.00% over the past year.
The Revenue for AX-UN has decreased by -21.40% in the past year. This is quite bad
AX-UN shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.45% yearly.
EPS 1Y (TTM)71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1034.73%
Revenue 1Y (TTM)-21.4%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-30.27%
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
AX-UN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for AX-UN. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
AX-UN's Enterprise Value to EBITDA is on the same level as the industry average.
75.68% of the companies in the same industry are more expensive than AX-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.76 | ||
| EV/EBITDA | 29.58 |
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
With a Yearly Dividend Yield of 8.45%, AX-UN is a good candidate for dividend investing.
AX-UN's Dividend Yield is a higher than the industry average which is at 7.95.
Compared to an average S&P500 Dividend Yield of 2.44, AX-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
5.2 History
The dividend of AX-UN is nicely growing with an annual growth rate of 8.07%!
AX-UN has paid a dividend for at least 10 years, which is a reliable track record.
AX-UN has decreased its dividend recently.
Dividend Growth(5Y)8.07%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AX-UN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
AX-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-144.93%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:AX-UN (11/20/2025, 7:00:00 PM)
6.43
+0.03 (+0.47%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners19.47%
Inst Owner ChangeN/A
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap618.69M
Revenue(TTM)256.60M
Net Income(TTM)-65.93M
Analysts37.14
Price Target7.4 (15.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
Yearly Dividend1
Dividend Growth(5Y)8.07%
DP-144.93%
Div Incr Years1
Div Non Decr Years1
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)0%
PT rev (3m)0%
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 | 2.41 | ||
| P/FCF | 7.76 | ||
| P/OCF | 7.76 | ||
| P/B | 0.42 | ||
| P/tB | 0.42 | ||
| EV/EBITDA | 29.58 |
EPS(TTM)-0.65
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.83
FCFY12.88%
OCF(TTM)0.83
OCFY12.88%
SpS2.67
BVpS15.13
TBVpS15.13
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.52% | ||
| ROE | -4.53% | ||
| ROCE | 2.62% | ||
| ROIC | 1.88% | ||
| ROICexc | 1.9% | ||
| ROICexgc | 1.9% | ||
| OM | 21.59% | ||
| PM (TTM) | N/A | ||
| GM | 52.1% | ||
| FCFM | 31.05% |
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%
ROICexgc growth 3Y-6.15%
ROICexgc 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-Score5
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 13.54 | ||
| Debt/EBITDA | 11.53 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 0.77 | ||
| Cash Conversion | 140.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.56 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 0.02 |
F-Score5
WACC6.6%
ROIC/WACC0.29
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)71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1034.73%
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-21.4%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-30.27%
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-67.58%
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-15.59%
FCF growth 3Y-26.68%
FCF growth 5Y-16.66%
OCF growth 1Y-15.93%
OCF growth 3Y-26.56%
OCF growth 5Y-16.72%
ARTIS REAL ESTATE INVESTMENT / AX-UN.CA FAQ
Can you provide the ChartMill fundamental rating for ARTIS REAL ESTATE INVESTMENT?
ChartMill assigns a fundamental rating of 3 / 10 to AX-UN.CA.
Can you provide the valuation status for ARTIS REAL ESTATE INVESTMENT?
ChartMill assigns a valuation rating of 1 / 10 to ARTIS REAL ESTATE INVESTMENT (AX-UN.CA). This can be considered as Overvalued.
Can you provide the profitability details for ARTIS REAL ESTATE INVESTMENT?
ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) has a profitability rating of 2 / 10.
How financially healthy is ARTIS REAL ESTATE INVESTMENT?
The financial health rating of ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) is 5 / 10.
Can you provide the expected EPS growth for AX-UN stock?
The Earnings per Share (EPS) of ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) is expected to grow by 38.1% in the next year.