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 37 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 decent growth rate and is not valued too expensively. NXR-UN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
NXR-UN had positive earnings in the past year.
NXR-UN had a positive operating cash flow in the past year.
Each year in the past 5 years NXR-UN has been profitable.
Each year in the past 5 years NXR-UN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of NXR-UN (3.14%) is better than 89.19% of its industry peers.
NXR-UN's Return On Equity of 7.44% is amongst the best of the industry. NXR-UN outperforms 86.49% 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 67.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NXR-UN is in line with the industry average of 5.69%.
| 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's Profit Margin of 45.20% is amongst the best of the industry. NXR-UN outperforms 89.19% of its industry peers.
NXR-UN's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 77.98%, NXR-UN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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 72.97% of the companies in the same industry.
NXR-UN's Gross Margin has improved in the last couple of years.
| 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
NXR-UN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
The debt/assets ratio for NXR-UN has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.58, we must say that NXR-UN is in the distress zone and has some risk of bankruptcy.
NXR-UN's Altman-Z score of 0.58 is in line compared to the rest of the industry. NXR-UN outperforms 59.46% of its industry peers.
The Debt to FCF ratio of NXR-UN is 782.60, which is on the high side as it means it would take NXR-UN, 782.60 years of fcf income to pay off all of its debts.
NXR-UN's Debt to FCF ratio of 782.60 is on the low side compared to the rest of the industry. NXR-UN is outperformed by 97.30% 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's Debt to Equity ratio of 1.06 is in line compared to the rest of the industry. NXR-UN outperforms 59.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 782.6 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.75
WACC5.92%
2.3 Liquidity
NXR-UN has a Current Ratio of 0.27. This is a bad value and indicates that NXR-UN is not financially healthy enough and could expect problems in meeting its short term obligations.
NXR-UN has a Current ratio (0.27) which is comparable to the rest of the 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 54.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
NXR-UN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -61.17%.
The Earnings Per Share has been decreasing by -7.52% on average over the past years.
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.
NXR-UN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.97% yearly.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 8.58 indicates a reasonable valuation of NXR-UN.
Compared to the rest of the industry, the Price/Earnings ratio of NXR-UN indicates a rather cheap valuation: NXR-UN is cheaper than 91.89% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of NXR-UN to the average of the S&P500 Index (26.46), we can say NXR-UN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.60, the valuation of NXR-UN can be described as reasonable.
70.27% 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 22.30. NXR-UN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.58 | ||
| Fwd PE | 11.6 |
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 81.08% of the companies in the same industry.
94.59% of the companies in the same industry are cheaper than NXR-UN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 290.5 | ||
| EV/EBITDA | 13.89 |
4.3 Compensation for Growth
The excellent profitability rating of NXR-UN 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 7.94.
NXR-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| 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
53.61% of the earnings are spent on dividend by NXR-UN. This is a bit on the high side, but may be sustainable.
The dividend of NXR-UN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP53.61%
EPS Next 2Y4.22%
EPS Next 3YN/A
TSX:NXR-UN (6/3/2025, 7:00:00 PM)
7.38
+0.1 (+1.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners14.22%
Inst Owner ChangeN/A
Ins Owners1.09%
Ins Owner ChangeN/A
Market Cap524.94M
Analysts72.31
Price Target8.27 (12.06%)
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)-0.34%
PT rev (3m)-9.6%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-6.56%
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 | 8.58 | ||
| Fwd PE | 11.6 | ||
| P/S | 2.93 | ||
| P/FCF | 290.5 | ||
| P/OCF | 30.64 | ||
| P/B | 0.48 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 13.89 |
EPS(TTM)0.86
EY11.65%
EPS(NY)0.64
Fwd EY8.62%
FCF(TTM)0.03
FCFY0.34%
OCF(TTM)0.24
OCFY3.26%
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 | 0.58 |
F-Score4
WACC5.92%
ROIC/WACC0.75
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%