Artis Real Estate Investment Trust
TSX:AX.UN
Intrinsic Value
Artis Real Estate Investment Trust engages in the ownership, management, leasing, and development of commercial properties. [ Read More ]
The intrinsic value of one
AX.UN
stock under the Base Case scenario is
26.99
CAD.
Compared to the current market price of 6.49 CAD,
Artis Real Estate Investment Trust
is
Undervalued by 76%.
AX.UN could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Artis Real Estate Investment Trust's market capitalization is 700.6m CAD.
AX.UN stock price is 6.49 CAD.
AX.UN stock price (6.49 CAD) is 76% less than its Intrinsic Value (26.99 CAD).
AX.UN stock price (6.49 CAD) is 61% less than its Relative Value (16.53 CAD). Open Relative Valuation
AX.UN has upside potential of 2% compared to the average analyst price target.
Open Wall St Estimates
AX.UN's ROIC (Return on Invested Capital) has decreased in the last 3 years from 5% to 4%.
AX.UN has negative Net Income for the last twelve months.
AX.UN's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 4%.
AX.UN's Revenue has dropped by 10% over the past 12 months.
AX.UN has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
AX.UN's Revenue has been falling by 10% per year for the last 3 years.
AX.UN has a very low three-year average ROE (Return on Equity): 2%. The company is not efficient at transforming stockholders' equity into net income.
AX.UN's long-term assets (4B CAD) exceed its long-term liabilties (2B CAD).
AX.UN's ROE (Return on Equity) has significantly decreased in the last 3 years from 8% to -17%.
AX.UN's short-term liabilties (971m CAD) exceed its short-term assets (647m CAD).
AX.UN's D/E (Debt to Equity) is very low and is equal to 0.61.
AX.UN's ROE (Return on Equity) for the past 12 months is negative and is equal to -17%.
AX.UN has positive Operating Income for the last twelve months.
AX.UN has positive Gross Profit for the last twelve months.
AX.UN has positive Free Cash Flow for the last twelve months.
AX.UN has positive Net Debt. This means that the company has more debt (1B CAD) than cash and short-term investments (29m CAD).
AX.UN's Altman Z-Score is very low and is equal to 0.16.
AX.UN generates enough operating income (176m CAD) to cover interest payments on its debt (122m CAD).
Valuation Backtest
Artis Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
AX.UN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Artis Real Estate Investment Trust
Balance Sheet Decomposition
Artis Real Estate Investment Trust
| Current Assets | 646.8m |
| Cash & Short-Term Investments | 28.9m |
| Receivables | 30.7m |
| Other Current Assets | 587.2m |
| Non-Current Assets | 3.1B |
| Long-Term Investments | 3.1B |
| PP&E | 4.3m |
| Other Non-Current Assets | 32.4m |
| Current Liabilities | 971.5m |
| Accounts Payable | 84.6m |
| Other Current Liabilities | 886.9m |
| Non-Current Liabilities | 1B |
| Long-Term Debt | 1B |
| Other Non-Current Liabilities | 4.9m |
Earnings Waterfall
Artis Real Estate Investment Trust
|
Revenue
|
335.8m
CAD
|
|
Cost of Revenue
|
-151.8m
CAD
|
|
Gross Profit
|
184m
CAD
|
|
Operating Expenses
|
-8.1m
CAD
|
|
Operating Income
|
175.9m
CAD
|
|
Other Expenses
|
-521m
CAD
|
|
Net Income
|
-345.1m
CAD
|
Free Cash Flow Analysis
Artis Real Estate Investment Trust
AX.UN Profitability Score
Profitability Due Diligence
Artis Real Estate Investment Trust's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
Score
Artis Real Estate Investment Trust's profitability score is 51/100. The higher the profitability score, the more profitable the company is.
AX.UN Solvency Score
Solvency Due Diligence
Artis Real Estate Investment Trust's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Score
Artis Real Estate Investment Trust's solvency score is 25/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
AX.UN Price Targets Summary
Artis Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
AX.UN
is 6.63 CAD
with a low forecast of 6.57 CAD and a high forecast of 6.83 CAD.
Shareholder Return
AX.UN Price
Artis Real Estate Investment Trust
| Average Annual Return | 4.23% |
| Standard Deviation of Annual Returns | 20.53% |
| Max Drawdown | -59% |
| Market Capitalization | 700.6m CAD |
| Shares Outstanding | 107 950 000 |
| Percentage of Shares Shorted | 3.77% |
Company Profile
Artis Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
Artis Real Estate Investment Trust engages in the ownership, management, leasing, and development of commercial properties. The company is headquartered in Winnipeg, Manitoba and currently employs 188 full-time employees. The company went IPO on 2004-02-16. The firm is focused on growth in net asset value per unit and distributions through value investing in real estate. The firm owns, manages, leases and develops primarily industrial, office and retail properties in Canada and the United States. The REIT’s portfolio comprised approximately 207 commercial properties totaling approximately 22.5 million square feet of gross leasable area. The firm's Canadian portfolio includes approximately 45 industries, 23 offices and 33 retails properties. The Company’s United States portfolio includes approximately 39 industries and 31 offices properties.
Contact
IPO
Employees
Officers
The intrinsic value of one
AX.UN
stock under the Base Case scenario is
26.99
CAD.
Compared to the current market price of 6.49 CAD,
Artis Real Estate Investment Trust
is
Undervalued by 76%.
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