ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:AX-UN - CA04315L1058 - REIT
8.35 CAD
+0.11 (+1.33%)
AX-UN gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 38 industry peers in the Diversified REITs industry. The financial health of AX-UN is average, but 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.
In multiple years AX-UN reported negative net income over the last 5 years.
In the past 5 years AX-UN always reported a positive cash flow from operatings.
1.2 Ratios
AX-UN has a worse Return On Assets (-3.37%) than 63.16% of its industry peers.
The Return On Equity of AX-UN (-6.21%) is worse than 60.53% of its industry peers.
AX-UN has a worse Return On Invested Capital (0.28%) than 92.11% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AX-UN is in line with the industry average of 5.49%.
The 3 year average ROIC (4.34%) for AX-UN is well above the current ROIC(0.28%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.37% | ||
| ROE | -6.21% | ||
| ROIC | 0.28% |
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 (3.20%) than 92.11% of its industry peers.
AX-UN's Operating Margin has declined in the last couple of years.
AX-UN's Gross Margin of 51.93% is on the low side compared to the rest of the industry. AX-UN is outperformed by 65.79% of its industry peers.
In the last couple of years the Gross Margin of AX-UN has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.2% | ||
| PM (TTM) | N/A | ||
| GM | 51.93% |
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.
The number of shares outstanding for AX-UN has been reduced compared to 1 year ago.
AX-UN has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AX-UN has been reduced compared to a year ago.
2.2 Solvency
AX-UN has an Altman-Z score of 0.05. 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 (0.05) than 68.42% of its industry peers.
The Debt to FCF ratio of AX-UN is 14.16, which is on the high side as it means it would take AX-UN, 14.16 years of fcf income to pay off all of its debts.
AX-UN has a better Debt to FCF ratio (14.16) than 73.68% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that AX-UN is not too dependend on debt financing.
AX-UN has a better Debt to Equity ratio (0.47) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 14.16 | ||
| Altman-Z | 0.05 |
ROIC/WACC0.04
WACC6.58%
2.3 Liquidity
AX-UN has a Current Ratio of 0.75. 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.
The Current ratio of AX-UN (0.75) is better than 84.21% of its industry peers.
AX-UN has a Quick Ratio of 0.75. 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.
The Quick ratio of AX-UN (0.75) is better than 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.29% over the past year.
Looking at the last year, AX-UN shows a very negative growth in Revenue. The Revenue has decreased by -20.06% in the last year.
The Revenue for AX-UN have been decreasing by -10.45% on average. This is quite bad
EPS 1Y (TTM)19.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.48%
Revenue 1Y (TTM)-20.06%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-10.33%
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-UN. In the last year negative earnings were reported.
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.
60.53% 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 | 10.26 | ||
| EV/EBITDA | 197.29 |
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.
AX-UN's Dividend Yield is a higher than the industry average which is at 7.11.
AX-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| 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.
AX-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-107.39%
EPS Next 2YN/A
EPS Next 3YN/A
TSX:AX-UN (12/24/2025, 7:00:00 PM)
8.35
+0.11 (+1.33%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners19.51%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap801.35M
Revenue(TTM)249.75M
Net Income(TTM)-87.80M
Analysts37.14
Price Target7.65 (-8.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
Yearly Dividend1
Dividend Growth(5Y)8.07%
DP-107.39%
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)3.45%
PT rev (3m)3.45%
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 | 3.21 | ||
| P/FCF | 10.26 | ||
| P/OCF | 10.26 | ||
| P/B | 0.57 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | 197.29 |
EPS(TTM)-0.89
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.81
FCFY9.75%
OCF(TTM)0.81
OCFY9.75%
SpS2.6
BVpS14.72
TBVpS14.72
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.37% | ||
| ROE | -6.21% | ||
| ROCE | 0.38% | ||
| ROIC | 0.28% | ||
| ROICexc | 0.28% | ||
| ROICexgc | 0.28% | ||
| OM | 3.2% | ||
| PM (TTM) | N/A | ||
| GM | 51.93% | ||
| FCFM | 31.27% |
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 | 0.47 | ||
| Debt/FCF | 14.16 | ||
| Debt/EBITDA | 69.38 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 0.12 | ||
| Cash Conversion | 819.32% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.75 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 0.05 |
F-Score5
WACC6.58%
ROIC/WACC0.04
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)19.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.48%
EPS Next Y38.1%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-20.06%
Revenue growth 3Y-10.54%
Revenue growth 5Y-10.45%
Sales Q2Q%-10.33%
Revenue Next Year-10.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-94.99%
EBIT growth 3Y-18.76%
EBIT growth 5Y-16.32%
EBIT Next Year73.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.59%
FCF growth 3Y-26.68%
FCF growth 5Y-16.66%
OCF growth 1Y17.92%
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.