ARTIS REAL ESTATE - AXUCN 6.905 PERP (AX-PR-I.CA) Stock Fundamental Analysis
TSX:AX-PR-I - Toronto Stock Exchange - CA04315L8657 - Currency: CAD
AX-PR-I gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 43 industry peers in the Diversified REITs industry. AX-PR-I scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. AX-PR-I is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AX-PR-I had negative earnings in the past year.
In the past year AX-PR-I had a positive cash flow from operations.
In multiple years AX-PR-I reported negative net income over the last 5 years.
In the past 5 years AX-PR-I always reported a positive cash flow from operatings.
1.2 Ratios
AX-PR-I's Return On Assets of -4.16% is on the low side compared to the rest of the industry. AX-PR-I is outperformed by 62.79% of its industry peers.
AX-PR-I's Return On Equity of -7.33% is on the low side compared to the rest of the industry. AX-PR-I is outperformed by 60.47% of its industry peers.
AX-PR-I has a Return On Invested Capital of 5.29%. This is in the better half of the industry: AX-PR-I outperforms 76.74% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AX-PR-I is in line with the industry average of 5.49%.
The last Return On Invested Capital (5.29%) for AX-PR-I is above the 3 year average (4.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.16% | ||
| ROE | -7.33% | ||
| ROIC | 5.29% |
ROA(3y)-0.53%
ROA(5y)0.09%
ROE(3y)-1.97%
ROE(5y)-0.31%
ROIC(3y)4.52%
ROIC(5y)4.55%
1.3 Margins
Looking at the Operating Margin, with a value of 50.97%, AX-PR-I is in line with its industry, outperforming 46.51% of the companies in the same industry.
In the last couple of years the Operating Margin of AX-PR-I has declined.
AX-PR-I's Gross Margin of 54.70% is on the low side compared to the rest of the industry. AX-PR-I is outperformed by 65.12% of its industry peers.
AX-PR-I's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.97% | ||
| PM (TTM) | N/A | ||
| GM | 54.7% |
OM growth 3Y-1.69%
OM growth 5Y-1.51%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.26%
GM growth 5Y-1.58%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AX-PR-I is destroying value.
Compared to 1 year ago, AX-PR-I has less shares outstanding
Compared to 5 years ago, AX-PR-I has less shares outstanding
The debt/assets ratio for AX-PR-I is higher compared to a year ago.
2.2 Solvency
AX-PR-I has an Altman-Z score of 0.95. This is a bad value and indicates that AX-PR-I is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.95, AX-PR-I is in the better half of the industry, outperforming 72.09% of the companies in the same industry.
The Debt to FCF ratio of AX-PR-I is 18.14, which is on the high side as it means it would take AX-PR-I, 18.14 years of fcf income to pay off all of its debts.
AX-PR-I has a Debt to FCF ratio (18.14) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.34 indicates that AX-PR-I is not too dependend on debt financing.
AX-PR-I has a better Debt to Equity ratio (0.34) than 95.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 18.14 | ||
| Altman-Z | 0.95 |
ROIC/WACC0.82
WACC6.45%
2.3 Liquidity
A Current Ratio of 0.46 indicates that AX-PR-I may have some problems paying its short term obligations.
AX-PR-I has a Current ratio of 0.46. This is amongst the best in the industry. AX-PR-I outperforms 81.40% of its industry peers.
AX-PR-I has a Quick Ratio of 0.46. This is a bad value and indicates that AX-PR-I is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 0.46, AX-PR-I belongs to the best of the industry, outperforming 81.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 67.88% over the past year.
The Revenue for AX-PR-I has decreased by -10.50% in the past year. This is quite bad
The Revenue has been decreasing by -8.12% on average over the past years.
EPS 1Y (TTM)67.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%88.93%
Revenue 1Y (TTM)-10.5%
Revenue growth 3Y-9.88%
Revenue growth 5Y-8.12%
Sales Q2Q%-17.46%
3.2 Future
AX-PR-I is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.18% yearly.
Based on estimates for the next years, AX-PR-I will show a very negative growth in Revenue. The Revenue will decrease by -11.28% on average per year.
EPS Next Y89.86%
EPS Next 2Y39.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.75%
Revenue Next 2Y-11.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
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
AX-PR-I reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year AX-PR-I is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
65.12% of the companies in the same industry are more expensive than AX-PR-I, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AX-PR-I is valued a bit more expensive than 69.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.69 | ||
| EV/EBITDA | 20.7 |
4.3 Compensation for Growth
AX-PR-I's earnings are expected to grow with 39.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y39.18%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.45%, AX-PR-I is a good candidate for dividend investing.
AX-PR-I's Dividend Yield is a higher than the industry average which is at 8.03.
Compared to an average S&P500 Dividend Yield of 2.27, AX-PR-I pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
5.2 History
The dividend of AX-PR-I decreases each year by -7.06%.
AX-PR-I has been paying a dividend for over 5 years, so it has already some track record.
AX-PR-I has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-7.06%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
AX-PR-I has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-74.47%
EPS Next 2Y39.18%
EPS Next 3YN/A
ARTIS REAL ESTATE - AXUCN 6.905 PERP
TSX:AX-PR-I (2/21/2025, 7:00:00 PM)
22.3
+0.06 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners21.98%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap2.23B
Analysts42.5
Price Target22.07 (-1.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
Yearly Dividend0.83
Dividend Growth(5Y)-7.06%
DP-74.47%
Div Incr Years2
Div Non Decr Years3
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)-6.18%
PT rev (3m)5.12%
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 | 7.15 | ||
| P/FCF | 35.69 | ||
| P/OCF | 35.46 | ||
| P/B | 1.38 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 20.7 |
EPS(TTM)-1.1
EYN/A
EPS(NY)-0.13
Fwd EYN/A
FCF(TTM)0.62
FCFY2.8%
OCF(TTM)0.63
OCFY2.82%
SpS3.12
BVpS16.12
TBVpS16.12
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.16% | ||
| ROE | -7.33% | ||
| ROCE | 7.34% | ||
| ROIC | 5.29% | ||
| ROICexc | 5.4% | ||
| ROICexgc | 5.4% | ||
| OM | 50.97% | ||
| PM (TTM) | N/A | ||
| GM | 54.7% | ||
| FCFM | 20.02% |
ROA(3y)-0.53%
ROA(5y)0.09%
ROE(3y)-1.97%
ROE(5y)-0.31%
ROIC(3y)4.52%
ROIC(5y)4.55%
ROICexc(3y)4.67%
ROICexc(5y)4.66%
ROICexgc(3y)4.67%
ROICexgc(5y)4.66%
ROCE(3y)6.28%
ROCE(5y)6.31%
ROICexcg growth 3Y-0.07%
ROICexcg growth 5Y1.74%
ROICexc growth 3Y-0.07%
ROICexc growth 5Y1.74%
OM growth 3Y-1.69%
OM growth 5Y-1.51%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.26%
GM growth 5Y-1.58%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 18.14 | ||
| Debt/EBITDA | 3.44 | ||
| Cap/Depr | 34.91% | ||
| Cap/Sales | 0.13% | ||
| Interest Coverage | 1.38 | ||
| Cash Conversion | 39.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 0.95 |
F-Score6
WACC6.45%
ROIC/WACC0.82
Cap/Depr(3y)10.9%
Cap/Depr(5y)39.27%
Cap/Sales(3y)0.04%
Cap/Sales(5y)0.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)67.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%88.93%
EPS Next Y89.86%
EPS Next 2Y39.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-10.5%
Revenue growth 3Y-9.88%
Revenue growth 5Y-8.12%
Sales Q2Q%-17.46%
Revenue Next Year-11.75%
Revenue Next 2Y-11.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-12.88%
EBIT growth 3Y-11.4%
EBIT growth 5Y-9.5%
EBIT Next Year27.73%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-64.88%
FCF growth 3Y-23.29%
FCF growth 5Y-17.88%
OCF growth 1Y-64.65%
OCF growth 3Y-23.17%
OCF growth 5Y-17.85%