AX-UN Fundamental Analysis - ARTIS REAL ESTATE INVESTMENT

Fundamental Rating

We assign a fundamental rating of 2 out of 10 to AX-UN. AX-UN was compared to 37 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.

Quickly go to:

1. Profitability

1.1 Basic Checks

AX-UN had negative earnings in the past year.

AX-UN had a positive operating cash flow in the past year.

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

AX-UN has a Return On Assets (-1.54%) which is comparable to the rest of the industry.

AX-UN's Return On Equity of -2.68% is in line compared to the rest of the industry. AX-UN outperforms 54.05% of its industry peers.

The Return On Invested Capital of AX-UN (3.02%) is worse than 81.08% of its industry peers.

The Average Return On Invested Capital over the past 3 years for AX-UN is in line with the industry average of 5.79%.

		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

Looking at the Operating Margin, with a value of 35.15%, AX-UN is doing worse than 78.38% of the companies in the same industry.

AX-UN's Operating Margin has declined in the last couple of years.

Looking at the Gross Margin, with a value of 53.44%, AX-UN is doing worse than 67.57% of the companies in the same industry.

AX-UN's Gross Margin has declined in the last couple of years.

		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%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

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.

Compared to 5 years ago, AX-UN has less shares outstanding

AX-UN has a better debt/assets ratio than last year.

2.2 Solvency

AX-UN has an Altman-Z score of 0.13. 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 0.13 is on the low side compared to the rest of the industry. AX-UN is outperformed by 78.38% of its industry peers.

AX-UN has a debt to FCF ratio of 13.90. This is a negative value and a sign of low solvency as AX-UN 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-UN is in the better half of the industry, outperforming 72.97% of the companies in the same industry.

A Debt/Equity ratio of 0.51 indicates that AX-UN is somewhat dependend on debt financing.

AX-UN has a Debt to Equity ratio of 0.51. This is amongst the best in the industry. AX-UN outperforms 100.00% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.51
Debt/FCF	13.9
Altman-Z	0.13

ROIC/WACC0.44

WACC6.86%

2.3 Liquidity

A Current Ratio of 0.44 indicates that AX-UN may have some problems paying its short term obligations.

AX-UN has a better Current ratio (0.44) than 78.38% of its industry peers.

A Quick Ratio of 0.44 indicates that AX-UN may have some problems paying its short term obligations.

AX-UN's Quick ratio of 0.44 is amongst the best of the industry. AX-UN outperforms 81.08% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.44
Quick Ratio	0.44

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 86.55% over the past year.

AX-UN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.42%.

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)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.

More info and screens

Find the best growth stocks

Show best growing peers

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 cheaply inside the industry as 81.08% of the companies are valued more expensively.

AX-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AX-UN is cheaper than 64.86% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	9.28
EV/EBITDA	15.44

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

More info and screens

Show best valued peers

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 7.90.

AX-UN'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-UN grows each year by 8.07%, which is quite nice.

AX-UN has been paying a dividend for at least 10 years, so it has 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-246.48%

EPS Next 2YN/A

EPS Next 3YN/A

More info and screens

Find the best dividend stocks

Show peers with best dividend

ARTIS REAL ESTATE INVESTMENT

TSX:AX-UN (8/7/2025, 7:00:00 PM)

7.33

-0.07 (-0.95%)

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)05-08 2025-05-08

Earnings (Next)08-07 2025-08-07

Inst Owners20.32%

Inst Owner ChangeN/A

Ins Owners0.22%

Ins Owner ChangeN/A

Market Cap712.11M

Analysts42.5

Price Target7.4 (0.95%)

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 Years1

Div Non Decr Years1

Ex-Date07-31 2025-07-31 (0.05)

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	2.52
P/FCF	9.28
P/OCF	9.24
P/B	0.46
P/tB	0.46
EV/EBITDA	15.44

EPS(TTM)-0.4

EYN/A

EPS(NY)-0.13

Fwd EYN/A

FCF(TTM)0.79

FCFY10.77%

OCF(TTM)0.79

OCFY10.82%

SpS2.91

BVpS16.04

TBVpS16.04

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	0.13

F-Score6

WACC6.86%

ROIC/WACC0.44

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%

ARTIS REAL ESTATE INVESTMENT (AX-UN.CA) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens