ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) Stock Fundamental Analysis
Canada - TSX:AX-UN - CA04315L1058 - REIT
6.06 CAD
+0.01 (+0.17%)
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. AX-UN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AX-UN is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AX-UN had negative earnings in the past year.
In the past year AX-UN had a positive cash flow from operations.
In multiple years AX-UN reported negative net income over the last 5 years.
AX-UN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -2.52%, AX-UN is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
AX-UN has a Return On Equity of -4.53%. This is comparable to the rest of the industry: AX-UN outperforms 45.95% of its industry peers.
AX-UN has a worse Return On Invested Capital (1.88%) than 86.49% 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 5.52%.
| 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
AX-UN has a worse Operating Margin (21.59%) than 81.08% of its industry peers.
In the last couple of years the Operating Margin of AX-UN has declined.
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 62.16% 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.
The number of shares outstanding for AX-UN has been reduced compared to 5 years ago.
AX-UN has a better debt/assets ratio than last year.
2.2 Solvency
AX-UN has an Altman-Z score of 0.00. This is a bad value and indicates that AX-UN is not financially healthy and even has some risk of bankruptcy.
AX-UN's Altman-Z score of 0.00 is on the low side compared to the rest of the industry. AX-UN is outperformed by 78.38% of its industry peers.
The Debt to FCF ratio of AX-UN is 13.54, which is on the high side as it means it would take AX-UN, 13.54 years of fcf income to pay off all of its debts.
AX-UN's Debt to FCF ratio of 13.54 is fine compared to the rest of the industry. AX-UN outperforms 72.97% of its industry peers.
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 |
ROIC/WACC0.27
WACC6.93%
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 has a Quick ratio of 0.56. This is amongst the best in 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
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.
Also next year AX-UN 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
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AX-UN.
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 | 7.32 | ||
| EV/EBITDA | 28.93 |
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.
The stock price of AX-UN dropped by -20.26% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 7.94, AX-UN pays a bit more dividend than its industry peers.
AX-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| 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 been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of AX-UN decreased 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 (9/26/2025, 7:00:00 PM)
6.06
+0.01 (+0.17%)
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 Cap583.09M
Analysts42.5
Price Target7.4 (22.11%)
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 | 2.27 | ||
| P/FCF | 7.32 | ||
| P/OCF | 7.32 | ||
| P/B | 0.4 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | 28.93 |
EPS(TTM)-0.65
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.83
FCFY13.67%
OCF(TTM)0.83
OCFY13.67%
SpS2.67
BVpS15.13
TBVpS15.13
PEG (NY)N/A
PEG (5Y)N/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%
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-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 |
F-Score5
WACC6.93%
ROIC/WACC0.27
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%