CANADIAN NET REAL ESTATE INV (NET-UN.CA) Stock Fundamental Analysis
Canada - TSX-V:NET-UN - CA13639A1093 - REIT
5.43 CAD
-0.01 (-0.18%)
Taking everything into account, NET-UN scores 4 out of 10 in our fundamental rating. NET-UN was compared to 38 industry peers in the Diversified REITs industry. While NET-UN belongs to the best of the industry regarding profitability, there are concerns on its financial health. NET-UN has a valuation in line with the averages, but it does not seem to be growing. NET-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NET-UN had positive earnings in the past year.
In the past year NET-UN had a positive cash flow from operations.
NET-UN had positive earnings in 4 of the past 5 years.
Each year in the past 5 years NET-UN had a positive operating cash flow.
1.2 Ratios
NET-UN's Return On Assets of 7.45% is amongst the best of the industry. NET-UN outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 17.48%, NET-UN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.24%, NET-UN is in the better half of the industry, outperforming 71.05% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NET-UN is in line with the industry average of 5.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 17.48% | ||
| ROIC | 4.24% |
ROA(3y)2.04%
ROA(5y)3.95%
ROE(3y)4.7%
ROE(5y)8.82%
ROIC(3y)4.48%
ROIC(5y)4.08%
1.3 Margins
NET-UN has a Profit Margin of 88.27%. This is amongst the best in the industry. NET-UN outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of NET-UN has declined.
NET-UN's Operating Margin of 64.06% is amongst the best of the industry. NET-UN outperforms 92.11% of its industry peers.
NET-UN's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 72.25%, NET-UN is doing good in the industry, outperforming 76.32% of the companies in the same industry.
In the last couple of years the Gross Margin of NET-UN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.06% | ||
| PM (TTM) | 88.27% | ||
| GM | 72.25% |
OM growth 3Y-1.65%
OM growth 5Y1.5%
PM growth 3Y-41%
PM growth 5Y-8.95%
GM growth 3Y-1.41%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
NET-UN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, NET-UN has more shares outstanding
The debt/assets ratio for NET-UN has been reduced compared to a year ago.
2.2 Solvency
NET-UN has an Altman-Z score of 0.63. This is a bad value and indicates that NET-UN is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of NET-UN (0.63) is better than 60.53% of its industry peers.
NET-UN has a debt to FCF ratio of 14.91. This is a negative value and a sign of low solvency as NET-UN would need 14.91 years to pay back of all of its debts.
NET-UN's Debt to FCF ratio of 14.91 is fine compared to the rest of the industry. NET-UN outperforms 65.79% of its industry peers.
NET-UN has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.15, NET-UN is in line with its industry, outperforming 55.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 14.91 | ||
| Altman-Z | 0.63 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.05 indicates that NET-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.05, NET-UN is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
NET-UN has a Quick Ratio of 0.05. This is a bad value and indicates that NET-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.05, NET-UN is doing worse than 84.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 13922.89% over the past year.
Measured over the past years, NET-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.36% on average per year.
NET-UN shows a decrease in Revenue. In the last year, the revenue decreased by -0.21%.
Measured over the past years, NET-UN shows a very strong growth in Revenue. The Revenue has been growing by 22.71% on average per year.
EPS 1Y (TTM)13922.89%
EPS 3Y-35.03%
EPS 5Y-1.36%
EPS Q2Q%84.77%
Revenue 1Y (TTM)-0.21%
Revenue growth 3Y11.3%
Revenue growth 5Y22.71%
Sales Q2Q%4.43%
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 YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
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
A Price/Earnings ratio of 4.72 indicates a rather cheap valuation of NET-UN.
Based on the Price/Earnings ratio, NET-UN is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of NET-UN to the average of the S&P500 Index (27.40), we can say NET-UN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.72 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, NET-UN is valued a bit cheaper than the industry average as 63.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The decent profitability rating of NET-UN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
NET-UN has a Yearly Dividend Yield of 6.35%, which is a nice return.
Compared to an average industry Dividend Yield of 7.95, NET-UN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, NET-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.35% |
5.2 History
On average, the dividend of NET-UN grows each year by 8.97%, which is quite nice.
NET-UN has paid a dividend for at least 10 years, which is a reliable track record.
NET-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.97%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
NET-UN pays out 30.10% of its income as dividend. This is a sustainable payout ratio.
DP30.1%
EPS Next 2YN/A
EPS Next 3YN/A
TSX-V:NET-UN (10/17/2025, 7:00:00 PM)
5.43
-0.01 (-0.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners5.36%
Inst Owner ChangeN/A
Ins Owners16.52%
Ins Owner ChangeN/A
Market Cap111.86M
Analysts83.64
Price Target6.89 (26.89%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.35% |
Yearly Dividend0.35
Dividend Growth(5Y)8.97%
DP30.1%
Div Incr Years0
Div Non Decr Years4
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)8.22%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.72 | ||
| Fwd PE | N/A | ||
| P/S | 4.19 | ||
| P/FCF | 9.42 | ||
| P/OCF | 9.42 | ||
| P/B | 0.83 | ||
| P/tB | 0.83 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.15
EY21.18%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.58
FCFY10.61%
OCF(TTM)0.58
OCFY10.61%
SpS1.3
BVpS6.55
TBVpS6.55
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.45% | ||
| ROE | 17.48% | ||
| ROCE | 6.16% | ||
| ROIC | 4.24% | ||
| ROICexc | 4.26% | ||
| ROICexgc | 4.26% | ||
| OM | 64.06% | ||
| PM (TTM) | 88.27% | ||
| GM | 72.25% | ||
| FCFM | 44.42% |
ROA(3y)2.04%
ROA(5y)3.95%
ROE(3y)4.7%
ROE(5y)8.82%
ROIC(3y)4.48%
ROIC(5y)4.08%
ROICexc(3y)4.5%
ROICexc(5y)4.12%
ROICexgc(3y)4.5%
ROICexgc(5y)4.12%
ROCE(3y)6.57%
ROCE(5y)5.88%
ROICexcg growth 3Y7.85%
ROICexcg growth 5Y4.93%
ROICexc growth 3Y7.85%
ROICexc growth 5Y4.93%
OM growth 3Y-1.65%
OM growth 5Y1.5%
PM growth 3Y-41%
PM growth 5Y-8.95%
GM growth 3Y-1.41%
GM growth 5Y-0.97%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.15 | ||
| Debt/FCF | 14.91 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.56 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 50.33% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | 0.63 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13922.89%
EPS 3Y-35.03%
EPS 5Y-1.36%
EPS Q2Q%84.77%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.21%
Revenue growth 3Y11.3%
Revenue growth 5Y22.71%
Sales Q2Q%4.43%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3.61%
EBIT growth 3Y9.46%
EBIT growth 5Y24.55%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y0.02%
FCF growth 3Y4.78%
FCF growth 5Y24.09%
OCF growth 1Y0.02%
OCF growth 3Y4.78%
OCF growth 5Y24.09%