{csv|m:251|id:21|s:Company}} (AX.UN.TO) is boasting an Return on Assets number of 0.024555. ROA tells an investor how much after-tax profit a company generated for each $1 in assets. In other words, ROA measures a company’s net earnings in relation to all of the resources it had at its disposal—the shareholders’ capital plus short and long-term borrowed funds. Thus, return on assets is the most stringent test of return to shareholders.
Market slides can be troublesome for investors. When markets are moving lower, investors may become extra nervous about certain holdings. With the stock market reaching heightened levels, investors may not be putting too much though into the specific portfolio holdings. This can all change if there is a sudden downturn. Investors who have spent the hours researching their stock picks may be more confident when the tides inevitably turn. Putting in the time to regularly review stock holdings may assist the investor when certain adjustments need to be made. Focusing on developing and maintaining a solid plan may end up being a useful tool when obstacles eventually pop up down the line.
FCF on Debt
Another ratio S&P Analyst Richard Tortoriello recommends to use is ‘Free Cash Flow to debt’. (‘Quantitative Strategies for Achieving Alpha’) This ratio shows how long it would take a company to pay back its debt using its current level of free cash flow. In his study, Tortoriello found that investing in the top 20% companies with the highest FCF/debt ratio generated substantially higher returns compared to the market.
Formula:
FCF on Debt = (Cash Flow from Operations−Capital Expenditure) / Total Debt
The FCF on debt number for Artis Real Estate Investment Trust (AX.UN.TO) stands at 0.076957.
Net Debt to Market Cap
This ratio gives a sense of how much debt a company has relative to its market value. Companies with high debt levels compared to their peers can be volatile. We calculate it as follows:
Net Debt to Market Cap = (Total Debt−Cash and ST Investments) / Market Cap
Artis Real Estate Investment Trust (AX.UN.TO) has a net debt to market cap ratio of 0.076957.
FCF
Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow. The FCF Yield of Artis Real Estate Investment Trust (AX.UN.TO) is 0.048505. Free cash flow (FCF) is the cash produced by the company minus capital expenditure. This cash is what a company uses to meet its financial obligations, such as making payments on debt or to pay out dividends. The 5 Year FCF Yield of Artis Real Estate Investment Trust (AX.UN.TO) is 0.04813. Experts say the higher the value, the better, as it means that the free cash flow is high, or the variability of free cash flow is low or both.
Most investors are more familiar with P/B or Price-to-book. This is just the inverted value.
Price-to-Book Ratio = Market Cap divided by Common Shareholders Equity
Market watchers may also be following some quality ratios for Artis Real Estate Investment Trust (AX.UN.TO). Robert Novy-Marx, a professor at the university of Rochester, discovered that gross profitability – a quality factor – has as much power predicting stock returns as traditional value metrics. He found that while other quality measures had some predictive power, especially on small caps and in conjunction with value measures, gross profitability generates significant excess returns as a stand alone strategy, especially on large cap stocks.The Gross profitability for (AX.UN.TO) is 0.055232.
M-Score (Beneish)
The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their earnings numbers or not. Artis Real Estate Investment Trust (AX.UN.TO) has an M-Score of -1.360163. The M-Score is based on 8 different variables: Days’ sales in receivables index, Gross Margin Index, Asset Quality Index, Sales Growth Index, Depreciation Index, Sales, General and Administrative expenses Index, Leverage Index and Total Accruals to Total Assets. A score higher than -1.78 is an indicator that the company might be manipulating their numbers.
Checking in on some valuation rankings, Artis Real Estate Investment Trust (AX.UN.TO) has a Value Composite score of 13. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 8.
Investors might be shifting their focus trying to gauge the next big stock market move. Some may be contemplating recent action, and it remains to be seen if the momentum will push the market higher, or if a pullback is in the cards. Investors may have to make a decision whether to take a conservative stance, or put the pedal to the metal. Investors may also be closely tracking the underperformers and over performers, especially in the hot sectors. Studying specific sectors may provide some insight on which stocks are primed for a breakout. Comparing stocks within the same industry or sector may also help discover which ones are more likely to outperform over the next few quarters.
https://alvaradonews.com/artis-real-estate-investment-trust-ax-un-to-roa-0-024555-suggests-potential-moves-ahead/62074/
2019-05-31 03:04:00Z
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