CANADIAN NET REAL ESTATE INV (NET-UN.CA) Stock Fundamental Analysis
Canada - TSX Venture Exchange - TSX-V:NET-UN - CA13639A1093 - REIT
6 CAD
+0.07 (+1.18%)
We assign a fundamental rating of 4 out of 10 to NET-UN. NET-UN was compared to 37 industry peers in the Diversified REITs industry. NET-UN has an excellent profitability rating, but there are concerns on its financial health. NET-UN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year NET-UN was profitable.
- NET-UN had a positive operating cash flow in the past year.
- Of the past 5 years NET-UN 4 years were profitable.
- Each year in the past 5 years NET-UN had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 4.25%, NET-UN belongs to the best of the industry, outperforming 97.30% of the companies in the same industry.
- NET-UN's Return On Equity of 9.91% is amongst the best of the industry. NET-UN outperforms 94.59% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.38%, NET-UN is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
- NET-UN had an Average Return On Invested Capital over the past 3 years of 4.48%. This is in line with the industry average of 5.57%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 9.91% | ||
| ROIC | 4.38% |
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 49.13%. This is amongst the best in the industry. NET-UN outperforms 94.59% of its industry peers.
- In the last couple of years the Profit Margin of NET-UN has declined.
- NET-UN has a better Operating Margin (65.09%) than 89.19% of its industry peers.
- In the last couple of years the Operating Margin of NET-UN has remained more or less at the same level.
- NET-UN has a Gross Margin of 72.19%. This is in the better half of the industry: NET-UN outperforms 75.68% of its industry peers.
- NET-UN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 65.09% | ||
| PM (TTM) | 49.13% | ||
| GM | 72.19% |
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
- The number of shares outstanding for NET-UN remains at a similar level compared to 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 0.70. This is a bad value and indicates that NET-UN is not financially healthy and even has some risk of bankruptcy.
- NET-UN has a better Altman-Z score (0.70) than 67.57% of its industry peers.
- NET-UN has a debt to FCF ratio of 14.44. This is a negative value and a sign of low solvency as NET-UN would need 14.44 years to pay back of all of its debts.
- NET-UN's Debt to FCF ratio of 14.44 is fine compared to the rest of the industry. NET-UN outperforms 64.86% of its industry peers.
- NET-UN has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.16, NET-UN perfoms like the industry average, outperforming 54.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 14.44 | ||
| Altman-Z | 0.7 |
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.
- NET-UN's Current ratio of 0.05 is on the low side compared to the rest of the industry. NET-UN is outperformed by 86.49% of its industry peers.
- A Quick Ratio of 0.05 indicates that NET-UN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.05, NET-UN is doing worse than 86.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 |
3. Growth
3.1 Past
- NET-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.31%, which is quite impressive.
- 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 small growth in Revenue. In the last year, the Revenue has grown by 3.20%.
- NET-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.71% yearly.
EPS 1Y (TTM)38.31%
EPS 3Y-35.03%
EPS 5Y-1.36%
EPS Q2Q%-77.97%
Revenue 1Y (TTM)3.2%
Revenue growth 3Y11.3%
Revenue growth 5Y22.71%
Sales Q2Q%11.49%
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
- Based on the Price/Earnings ratio of 9.09, the valuation of NET-UN can be described as reasonable.
- Based on the Price/Earnings ratio, NET-UN is valued cheaper than 97.30% of the companies in the same industry.
- NET-UN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.09 | ||
| Fwd PE | N/A |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, NET-UN is valued a bit cheaper than 62.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.14 | ||
| 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 7.04, NET-UN has a dividend in line with its industry peers.
- NET-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| 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 52.85% of its income as dividend. This is a bit on the high side, but may be sustainable.
- The Dividend Rate of NET-UN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP52.85%
EPS Next 2YN/A
EPS Next 3YN/A
TSX-V:NET-UN (1/13/2026, 7:00:00 PM)
6
+0.07 (+1.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)11-19 2025-11-19
Earnings (Next)03-16 2026-03-16
Inst Owners7.34%
Inst Owner ChangeN/A
Ins Owners16.46%
Ins Owner ChangeN/A
Market Cap123.60M
Revenue(TTM)27.44M
Net Income(TTM)13.48M
Analysts83.64
Price Target6.63 (10.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.35% |
Yearly Dividend0.35
Dividend Growth(5Y)8.97%
DP52.85%
Div Incr Years0
Div Non Decr Years4
Ex-Date03-13 2026-03-13 (0.02917)
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)-3.7%
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 | 9.09 | ||
| Fwd PE | N/A | ||
| P/S | 4.5 | ||
| P/FCF | 10.14 | ||
| P/OCF | 10.14 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.66
EY11%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.59
FCFY9.86%
OCF(TTM)0.59
OCFY9.86%
SpS1.33
BVpS6.6
TBVpS6.6
PEG (NY)N/A
PEG (5Y)N/A
Graham Number9.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.25% | ||
| ROE | 9.91% | ||
| ROCE | 6.37% | ||
| ROIC | 4.38% | ||
| ROICexc | 4.4% | ||
| ROICexgc | 4.4% | ||
| OM | 65.09% | ||
| PM (TTM) | 49.13% | ||
| GM | 72.19% | ||
| 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%
ROICexgc growth 3Y7.85%
ROICexgc 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-Score4
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | 14.44 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 90.42% | ||
| Current Ratio | 0.05 | ||
| Quick Ratio | 0.05 | ||
| Altman-Z | 0.7 |
F-Score4
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)38.31%
EPS 3Y-35.03%
EPS 5Y-1.36%
EPS Q2Q%-77.97%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.2%
Revenue growth 3Y11.3%
Revenue growth 5Y22.71%
Sales Q2Q%11.49%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y4.77%
EBIT growth 3Y9.46%
EBIT growth 5Y24.55%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.32%
FCF growth 3Y4.78%
FCF growth 5Y24.09%
OCF growth 1Y9.32%
OCF growth 3Y4.78%
OCF growth 5Y24.09%
CANADIAN NET REAL ESTATE INV / NET-UN.CA FAQ
Can you provide the ChartMill fundamental rating for CANADIAN NET REAL ESTATE INV?
ChartMill assigns a fundamental rating of 4 / 10 to NET-UN.CA.
What is the valuation status of CANADIAN NET REAL ESTATE INV (NET-UN.CA) stock?
ChartMill assigns a valuation rating of 4 / 10 to CANADIAN NET REAL ESTATE INV (NET-UN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for CANADIAN NET REAL ESTATE INV?
CANADIAN NET REAL ESTATE INV (NET-UN.CA) has a profitability rating of 7 / 10.
Can you provide the financial health for NET-UN stock?
The financial health rating of CANADIAN NET REAL ESTATE INV (NET-UN.CA) is 2 / 10.
How sustainable is the dividend of CANADIAN NET REAL ESTATE INV (NET-UN.CA) stock?
The dividend rating of CANADIAN NET REAL ESTATE INV (NET-UN.CA) is 6 / 10 and the dividend payout ratio is 52.85%.