NEXUS INDUSTRIAL REIT (NXR-UN.CA) Stock Fundamental Analysis
TSX:NXR-UN - Toronto Stock Exchange - CA65344U1012 - REIT - Currency: CAD
Taking everything into account, NXR-UN scores 5 out of 10 in our fundamental rating. NXR-UN was compared to 36 industry peers in the Diversified REITs industry. NXR-UN has an excellent profitability rating, but there are concerns on its financial health. NXR-UN has a correct valuation and a medium growth rate. Finally NXR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NXR-UN had positive earnings in the past year.
In the past year NXR-UN had a positive cash flow from operations.
In the past 5 years NXR-UN has always been profitable.
Each year in the past 5 years NXR-UN had a positive operating cash flow.
1.2 Ratios
NXR-UN has a better Return On Assets (3.14%) than 88.89% of its industry peers.
NXR-UN has a better Return On Equity (7.44%) than 86.11% of its industry peers.
NXR-UN has a Return On Invested Capital of 4.42%. This is in the better half of the industry: NXR-UN outperforms 66.67% of its industry peers.
NXR-UN had an Average Return On Invested Capital over the past 3 years of 4.81%. This is in line with the industry average of 5.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 7.44% | ||
| ROIC | 4.42% |
ROA(3y)5.38%
ROA(5y)5.34%
ROE(3y)12.8%
ROE(5y)12.74%
ROIC(3y)4.81%
ROIC(5y)N/A
1.3 Margins
NXR-UN has a better Profit Margin (45.20%) than 88.89% of its industry peers.
NXR-UN's Profit Margin has declined in the last couple of years.
NXR-UN has a better Operating Margin (77.98%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of NXR-UN has grown nicely.
Looking at the Gross Margin, with a value of 71.80%, NXR-UN is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
In the last couple of years the Gross Margin of NXR-UN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 77.98% | ||
| PM (TTM) | 45.2% | ||
| GM | 71.8% |
OM growth 3YN/A
OM growth 5Y5.37%
PM growth 3Y-22.67%
PM growth 5Y-6.05%
GM growth 3Y2.26%
GM growth 5Y2.55%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NXR-UN is destroying value.
Compared to 1 year ago, NXR-UN has more shares outstanding
NXR-UN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NXR-UN has an improved debt to assets ratio.
2.2 Solvency
NXR-UN has an Altman-Z score of 0.60. This is a bad value and indicates that NXR-UN is not financially healthy and even has some risk of bankruptcy.
NXR-UN has a Altman-Z score (0.60) which is in line with its industry peers.
NXR-UN has a debt to FCF ratio of 782.60. This is a negative value and a sign of low solvency as NXR-UN would need 782.60 years to pay back of all of its debts.
NXR-UN has a Debt to FCF ratio of 782.60. This is amonst the worse of the industry: NXR-UN underperforms 97.22% of its industry peers.
A Debt/Equity ratio of 1.06 is on the high side and indicates that NXR-UN has dependencies on debt financing.
NXR-UN has a Debt to Equity ratio (1.06) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 782.6 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.73
WACC6.07%
2.3 Liquidity
A Current Ratio of 0.27 indicates that NXR-UN may have some problems paying its short term obligations.
With a Current ratio value of 0.27, NXR-UN perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
A Quick Ratio of 0.27 indicates that NXR-UN may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.27, NXR-UN is in line with its industry, outperforming 58.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The earnings per share for NXR-UN have decreased strongly by -61.17% in the last year.
Measured over the past years, NXR-UN shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.52% on average per year.
Looking at the last year, NXR-UN shows a quite strong growth in Revenue. The Revenue has grown by 10.56% in the last year.
Measured over the past years, NXR-UN shows a very strong growth in Revenue. The Revenue has been growing by 23.97% on average per year.
EPS 1Y (TTM)-61.17%
EPS 3Y-18.7%
EPS 5Y-7.52%
EPS Q2Q%-25.34%
Revenue 1Y (TTM)10.56%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%7.59%
3.2 Future
NXR-UN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.22% yearly.
NXR-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.71% yearly.
EPS Next Y-1.72%
EPS Next 2Y4.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.78%
Revenue Next 2Y5.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.15 indicates a reasonable valuation of NXR-UN.
Based on the Price/Earnings ratio, NXR-UN is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of NXR-UN to the average of the S&P500 Index (27.29), we can say NXR-UN is valued rather cheaply.
A Price/Forward Earnings ratio of 12.37 indicates a correct valuation of NXR-UN.
69.44% of the companies in the same industry are more expensive than NXR-UN, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.74. NXR-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.15 | ||
| Fwd PE | 12.37 |
4.2 Price Multiples
NXR-UN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NXR-UN is cheaper than 83.33% of the companies in the same industry.
NXR-UN's Price/Free Cash Flow ratio is rather expensive when compared to the industry. NXR-UN is more expensive than 97.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 309.79 | ||
| EV/EBITDA | 14.14 |
4.3 Compensation for Growth
NXR-UN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.22%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NXR-UN has a Yearly Dividend Yield of 6.69%, which is a nice return.
NXR-UN's Dividend Yield is comparable with the industry average which is at 7.85.
Compared to an average S&P500 Dividend Yield of 2.37, NXR-UN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
5.2 History
The dividend of NXR-UN has a limited annual growth rate of 0.74%.
NXR-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
NXR-UN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)0.74%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
NXR-UN pays out 53.61% of its income as dividend. This is a bit on the high side, but may be sustainable.
NXR-UN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP53.61%
EPS Next 2Y4.22%
EPS Next 3YN/A
TSX:NXR-UN (7/4/2025, 7:00:00 PM)
7.87
+0.27 (+3.55%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners13.11%
Inst Owner ChangeN/A
Ins Owners1.13%
Ins Owner ChangeN/A
Market Cap559.79M
Analysts70.77
Price Target8.19 (4.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.69% |
Yearly Dividend0.44
Dividend Growth(5Y)0.74%
DP53.61%
Div Incr Years1
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)-1.03%
PT rev (3m)-7.07%
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)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.15 | ||
| Fwd PE | 12.37 | ||
| P/S | 3.13 | ||
| P/FCF | 309.79 | ||
| P/OCF | 32.67 | ||
| P/B | 0.52 | ||
| P/tB | 0.52 | ||
| EV/EBITDA | 14.14 |
EPS(TTM)0.86
EY10.93%
EPS(NY)0.64
Fwd EY8.09%
FCF(TTM)0.03
FCFY0.32%
OCF(TTM)0.24
OCFY3.06%
SpS2.51
BVpS15.27
TBVpS15.27
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 7.44% | ||
| ROCE | 6.14% | ||
| ROIC | 4.42% | ||
| ROICexc | 4.42% | ||
| ROICexgc | 4.42% | ||
| OM | 77.98% | ||
| PM (TTM) | 45.2% | ||
| GM | 71.8% | ||
| FCFM | 1.01% |
ROA(3y)5.38%
ROA(5y)5.34%
ROE(3y)12.8%
ROE(5y)12.74%
ROIC(3y)4.81%
ROIC(5y)N/A
ROICexc(3y)4.83%
ROICexc(5y)N/A
ROICexgc(3y)4.83%
ROICexgc(5y)N/A
ROCE(3y)6.67%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-1.22%
ROICexc growth 3YN/A
ROICexc growth 5Y-1.22%
OM growth 3YN/A
OM growth 5Y5.37%
PM growth 3Y-22.67%
PM growth 5Y-6.05%
GM growth 3Y2.26%
GM growth 5Y2.55%
F-Score4
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 782.6 | ||
| Debt/EBITDA | 8.26 | ||
| Cap/Depr | 12666.1% | ||
| Cap/Sales | 8.57% | ||
| Interest Coverage | 1.97 | ||
| Cash Conversion | 12.27% | ||
| Profit Quality | 2.24% | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.6 |
F-Score4
WACC6.07%
ROIC/WACC0.73
Cap/Depr(3y)15016.5%
Cap/Depr(5y)11461%
Cap/Sales(3y)9.43%
Cap/Sales(5y)8.79%
Profit Quality(3y)24.1%
Profit Quality(5y)29.28%
High Growth Momentum
Growth
EPS 1Y (TTM)-61.17%
EPS 3Y-18.7%
EPS 5Y-7.52%
EPS Q2Q%-25.34%
EPS Next Y-1.72%
EPS Next 2Y4.22%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.56%
Revenue growth 3Y28.09%
Revenue growth 5Y23.97%
Sales Q2Q%7.59%
Revenue Next Year5.78%
Revenue Next 2Y5.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-7.6%
EBIT growth 3YN/A
EBIT growth 5Y30.63%
EBIT Next Year-2.7%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-94.21%
FCF growth 3Y7.95%
FCF growth 5Y5.04%
OCF growth 1Y-61.33%
OCF growth 3Y15.94%
OCF growth 5Y10.78%