ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) Stock Fundamental Analysis
Canada - TSX:AX-UN - CA04315L1058 - REIT
6.8 CAD
-0.05 (-0.73%)
Overall AX-UN gets a fundamental rating of 3 out of 10. We evaluated AX-UN against 38 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.
AX-UN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AX-UN reported negative net income in multiple years.
Each year in the past 5 years AX-UN had a positive operating cash flow.
1.2 Ratios
AX-UN has a Return On Assets of -2.52%. This is in the lower half of the industry: AX-UN underperforms 65.79% of its industry peers.
AX-UN has a Return On Equity (-4.53%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 1.88%, AX-UN is doing worse than 86.84% of the companies in the same industry.
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 5.46%.
| 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 81.58% of the companies in the same industry.
AX-UN's Operating Margin has declined in the last couple of years.
AX-UN's Gross Margin of 52.10% is on the low side compared to the rest of the industry. AX-UN is outperformed by 63.16% of its industry peers.
In the last couple of years the Gross Margin of AX-UN has declined.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AX-UN is destroying value.
The number of shares outstanding for AX-UN has been reduced compared to 1 year ago.
Compared to 5 years ago, AX-UN has less shares outstanding
Compared to 1 year ago, AX-UN has an improved debt to assets ratio.
2.2 Solvency
AX-UN has an Altman-Z score of 0.04. This is a bad value and indicates that AX-UN is not financially healthy and even has some risk of bankruptcy.
AX-UN has a worse Altman-Z score (0.04) than 76.32% 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.
The Debt to FCF ratio of AX-UN (13.54) is better than 73.68% of its industry peers.
AX-UN has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AX-UN (0.45) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 13.54 | ||
| Altman-Z | 0.04 |
ROIC/WACC0.28
WACC6.63%
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 better Current ratio (0.56) than 81.58% of its industry peers.
AX-UN has a Quick 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 better Quick ratio (0.56) than 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.56 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
AX-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 71.00%, which is quite impressive.
AX-UN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.40%.
Measured over the past years, AX-UN shows a very negative growth in Revenue. The Revenue has been decreasing by -10.45% on average per year.
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
Based on the Enterprise Value to EBITDA ratio, AX-UN is valued a bit cheaper than the industry average as 60.53% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AX-UN is valued a bit cheaper than the industry average as 76.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.21 | ||
| EV/EBITDA | 30.2 |
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-UN has a Yearly Dividend Yield of 8.45%, which is a nice return.
Compared to an average industry Dividend Yield of 7.95, AX-UN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, 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
The earnings of AX-UN are negative and hence is the payout ratio. AX-UN will probably not be able to sustain this dividend level.
The dividend of AX-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-144.93%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:AX-UN (11/13/2025, 7:00:00 PM)
6.8
-0.05 (-0.73%)
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 Cap654.30M
Revenue(TTM)256.60M
Net Income(TTM)-65.93M
Analysts37.14
Price Target7.4 (8.82%)
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 | 2.55 | ||
| P/FCF | 8.21 | ||
| P/OCF | 8.21 | ||
| P/B | 0.45 | ||
| P/tB | 0.45 | ||
| EV/EBITDA | 30.2 |
EPS(TTM)-0.65
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.83
FCFY12.18%
OCF(TTM)0.83
OCFY12.18%
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 | 0.04 |
F-Score5
WACC6.63%
ROIC/WACC0.28
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 2 / 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.