Nexus Industrial REIT - NXR-UN.TO

NXR-UN.TO Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
NXR-UN.TO	1.8	2.8	-6.2	2.8	13.7	4.4	-35.6	-0.1	-0.1	-0.1
S&P 500	0.4	-1.6	0.5	5.1	11.1	29.6	25.5	88.9	187.7	33272.7

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	NXR-UN.TO
name	Nexus Industrial REIT
price	8.14
changes percentage	1.75
change	0.14
day low	8
day high	8.17
year high	9.15
year low	6.47
market cap	575896860
price avg 50	8.61
price avg 200	7.76
exchange	TSX
volume	129150
avg volume	138901
open	8
previous close	8
eps	0.61
pe	13.34
earnings announcement	2024-11-12T13:30:00.000+0000
shares outstanding	70749000
timestamp	2024-11-18 21:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 31.7%

Overall Quarterly Financial Health: 42.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	157652000	137121000	14.97
gross profit	111973000	95808000	16.87
gross profit ratio	0.71	0.7	1.65
research and development expenses	0	0.85	-100.00
operating expenses	111973000	6517000	1,618.17
interest income	70922000	24643000	187.80
interest expense	0	29120000	-100.00
ebitda	118634000	142374000	-16.67
ebitdaratio	0.75	1.04	-27.53
operating income	103541000	142281000	-27.23
operating income ratio	0.66	1.04	-36.70
net income	160030000	91748000	74.42
net income ratio	1.02	0.67	51.71
eps	1.78	1.16	53.45

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	45529000	43972000	3.54
gross profit	32568000	31649000	2.90
gross profit ratio	0.72	0.72	-0.62
research and development expenses	0	0	NaN
operating expenses	32568000	1847000	1,663.29
interest income	6000	None	NaN
interest expense	13584000	None	NaN
ebitda	-32377000	48015000	-167.43
ebitdaratio	-0.71	1.09	-165.13
operating income	0	0	NaN
operating income ratio	0	0	NaN
net income	-45991000	43525000	-205.67
net income ratio	-1.01	0.99	-202.05
eps	-0.65	0.62	-204.84

Overall Score of Quarterly Income Statement

0.33 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 46 million in 2024Q3 from 44 million in 2024Q2 representing a change of 3.54%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 33 million in 2024Q3 from 32 million in 2024Q2 representing a change of 2.9%. This indicates a sales profitability growth, which is a positive sign for the company.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 33 million in 2024Q3 from 2 million in 2024Q2 representing a change of 1663.29%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -32 million in 2024Q3 from 48 million in 2024Q2 representing a change of -167.43%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Net Income: Net income decreased to -46 million in 2024Q3 from 44 million in 2024Q2 representing a change of -205.67%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.65 in 2024Q3 from -0.65 in 2024Q2 representing a change of -204.84%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	2463067000	1967501000	25.19
total liabilities	1462738000	1094961000	33.59
total equity	1000329000	1688114000	-40.74
cash and cash equivalents	5918000	11533000	-48.69
short term investments	0	0	NaN
long term investments	18988000	17475000	8.66
total current assets	65111000	107681000	-39.53
total non current assets	2397956000	1859820000	28.93
total current liabilities	178838000	132878000	34.59
total non current liabilities	1283900000	962083000	33.45
common stock	648171000	636776000	1.79
retained earnings	352158000	235764000	49.37
total debt	1188627000	827107000	43.71

Overall Score of Annual Balance Sheet

0.33 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 2,463 million in 2023 from 1,968 million in 2022 representing a change of 25.19%. Suggesting a growth in asset holdings.

  Common Stock: Common Stock increased to 648 in 2023 from 637 in 2022 representing a change of 1.79%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 352 million in 2023 from 236 million in 2022 representing a change of 49.37%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 1,463 million in 2023 from 1,095 million in 2022 representing a change of 33.59%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 1,000 million in 2023 from 1,688 million in 2022 representing a change of -40.74%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 6 million in 2023 from 12 million in 2022 representing a change of -48.69%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 65 million in 2023 from 108 million in 2022 representing a change of -39.53%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 179 million in 2023 from 133 million in 2022 representing a change of 34.59%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 1,189 million in 2023 from 827 million in 2022 representing a change of 43.71%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	2612258000	2593924000	0.71
total liabilities	1588920000	1513729000	4.97
total equity	1023338000	1080195000	-5.26
cash and cash equivalents	7823000	7868000	-0.57
short term investments	0	0	NaN
long term investments	19421000	19292000	0.67
total current assets	136575000	151410000	-9.80
total non current assets	2475683000	2442514000	1.36
total current liabilities	391540000	345268000	13.40
total non current liabilities	1197380000	1168461000	2.47
common stock	663416000	662964000	0.07
retained earnings	359922000	417231000	-13.74
total debt	1265619000	1241981000	1.90

Overall Score of Quarterly Balance Sheet

0.22 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 2,612 million in 2024Q3 from 2,594 million in 2024Q2 representing a change of 0.71%. Suggesting a growth in asset holdings.

  Common Stock: Common Stock increased to 663 in 2024Q3 from 663 in 2024Q2 representing a change of 0.07%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 1,589 million in 2024Q3 from 1,514 million in 2024Q2 representing a change of 4.97%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 1,023 million in 2024Q3 from 1,080 million in 2024Q2 representing a change of -5.26%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 8 million in 2024Q3 from 8 million in 2024Q2 representing a change of -0.57%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 137 million in 2024Q3 from 151 million in 2024Q2 representing a change of -9.8%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 392 million in 2024Q3 from 345 million in 2024Q2 representing a change of 13.4%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to 360 million in 2024Q3 from 417 million in 2024Q2 representing a change of -13.74%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 1,266 million in 2024Q3 from 1,242 million in 2024Q2 representing a change of 1.9%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-5615000	-70746000	92.06
operating cash flow	51015000	41530000	22.84
free cash flow	32082000	30317000	5.82
capital expenditure	-18933000	-11213000	-68.85
depreciation and amortization	91000	93000	-2.15
deferred income tax	-109272000	0	NaN
stock based compensation	1184000	1030000	14.95
accounts payables	3501000	1302000	168.89
inventory	5817000	-1302000	546.77
acquisitions net	0	315727000	-100.00
investments in property plant and equipment	-18933000	-11213000	-68.85
net cash used for investing activites	-345989000	-315727000	-9.58
debt repayment	328909000	158720000	107.23
common stock issued	-75000	84718000	-100.09
common stock repurchased	0	0	NaN
dividends paid	-37703000	-34324000	-9.84
net cash used provided by financing activities	289359000	203451000	42.23
cash at end of period	5918000	11533000	-48.69
accounts receivables	-5817000	-3947000	-47.38
cash at beginning of period	11533000	82279000	-85.98

Overall Score of Annual Cashflow Statement

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to -6 million in 2023 from -71 million in 2022 representing a change of 92.06%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 51 million in 2023 from 42 million in 2022 representing a change of 22.84%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 32 million in 2023 from 30 million in 2022 representing a change of 5.82%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -19 million in 2023 from -11 million in 2022 representing a change of -68.85%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Receivables: Accounts Receivables decreased to -6 million in 2023 from -4 million in 2022 representing a change of -47.38%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Stock-Based Compensation: Stock-Based Compensation increased to 1 million in 2023 from 1 million in 2022 representing a change of 14.95%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables increased to 4 million in 2023 from 1 million in 2022 representing a change of 168.89%. This indicates that the company has increased its outstanding obligations to its suppliers.

  Dividends Paid: Dividends Paid decreased to -38 million in 2023 from -34 million in 2022 representing a change of -9.84%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	10869000	3750000	189.84
free cash flow	8787000	1867000	370.65
capital expenditure	-2082000	-1883000	-10.57
depreciation and amortization	30000	30000	0.00
deferred income tax	0	0	NaN
stock based compensation	198000	198000	0.00
accounts receivables	1905000	393000	384.73
accounts payables	0	-6613000	100.00
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-2082000	-1883000	-10.57
net cash used for investing activites	-9994000	-41099000	75.68
debt repayment	10270000	46282000	-77.81
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	-10895000	-9791000	-11.28
net cash used provided by financing activities	-920000	36387000	-102.53
net change in cash	-45000	-962000	95.32
cash at end of period	7823000	7868000	-0.57
cash at beginning of period	7868000	8830000	-10.89

Overall Score of Quarterly Cashflow Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2024Q3 from -1 million in 2024Q2 representing a change of 95.32%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 11 million in 2024Q3 from 4 million in 2024Q2 representing a change of 189.84%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 9 million in 2024Q3 from 2 million in 2024Q2 representing a change of 370.65%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -2 million in 2024Q3 from -2 million in 2024Q2 representing a change of -10.57%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2024Q3 from 7 million in 2024Q2 representing a change of 100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Accounts Receivables: Accounts Receivables increased to 2 in 2024Q3 from 0 million in 2024Q2 representing a change of 384.73%. This suggests that the company is less capable of collecting payments from its customers.

  Dividends Paid: Dividends Paid decreased to -11 million in 2024Q3 from -10 million in 2024Q2 representing a change of -11.28%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

Earnings Transcripts ⓘ

We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.

Note: The years mentioned below are fiscal years in accounting.

Q3 2024 Earnings call transcript
Q2 2024 Earnings call transcript
Q1 2024 Earnings call transcript
Q4 2023 Earnings call transcript
Q3 2023 Earnings call transcript
Q2 2023 Earnings call transcript
Q1 2023 Earnings call transcript
Q4 2022 Earnings call transcript

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	1.76	1.73	1.62
net income per share	1.78	1.16	54.16
operating cash flow per share	0.57	0.52	8.57
free cash flow per share	0.36	0.38	-6.47
cash per share	0.07	0.15	-54.65
book value per share	11.15	11.0	1.33
tangible book value per share	11.15	35.82	-68.87
shareholders equity per share	11.15	11.0	1.33
interest debt per share	13.59	10.67	27.44
market cap	725745810	764326680	-5.05
enterprise value	1908454810	1579900680	20.80
pe ratio	4.54	8.33	-45.56
price to sales ratio	4.6	5.57	-17.41
pocfratio	14.23	18.4	-22.70
pfcf ratio	22.62	25.21	-10.27
pb ratio	0.73	0.88	-17.18
ptb ratio	0.73	0.88	-17.18
ev to sales	12.11	11.52	5.06
enterprise value over ebitda	16.09	11.1	44.97
ev to operating cash flow	37.41	38.04	-1.66
ev to free cash flow	59.49	52.11	14.15
earnings yield	0.22	0.12	83.70
free cash flow yield	0.04	0.04	11.45
debt to equity	1.18	0.94	25.82
debt to assets	0.48	0.42	15.22
net debt to ebitda	9.97	5.73	74.03
current ratio	0.36	0.81	-55.07
interest coverage	2.49	4.89	-48.99
income quality	0.32	0.34	-7.22
dividend yield	0.05	0.04	15.68
payout ratio	0.24	0.37	-37.02
sales general and administrative to revenue	0.05	0.05	15.51
research and ddevelopement to revenue	0	0.0	-100.00
intangibles to total assets	0	-1	100.00
capex to operating cash flow	0.37	0.27	37.46
capex to revenue	0.12	0.08	46.86
capex to depreciation	208.05	120.57	72.56
stock based compensation to revenue	0.01	0.01	-0.02
graham number	21.16	16.93	24.98
roic	0.05	0.06	-25.69
return on tangible assets	0.06	0.02	178.66
graham net net	-16.16	-13.1	-23.37
working capital	-113727000	-25197000	-351.35
tangible asset value	1000329000	2840041000	-64.78
net current asset value	-1397627000	-987280000	-41.56
invested capital	-112544000	-1991705000	94.35
average receivables	8543000	4345500	96.59
average payables	15242500	9314500	63.64
average inventory	39812000	43689000	-8.87
days sales outstanding	25.8	15.82	63.04
days payables outstanding	140.03	114.51	22.28
days of inventory on hand	-13.96	718.91	-101.94
receivables turnover	14.15	23.07	-38.66
payables turnover	2.61	3.19	-18.22
inventory turnover	-26.15	0.51	-5,249.99
roe	0.16	0.11	52.14
capex per share	0.21	0.14	49.23

• Positive

  ROE: Return on Equity (ROE) increased to 0.16 on 2023-12-31 from 0.11 on 2022-12-31, representing a change of 52.14%. Suggesting the company has been generating high returns for its shareholders.

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 4.54 on 2023-12-31 from 8.33 on 2022-12-31, representing a change of -45.56%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.36 on 2023-12-31 from 0.81 on 2022-12-31, representing a change of -55.07%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Debt-to-Equity Ratio:

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
NXR-UN.TO
calendar year	2024	2024	NaN
revenue per share	0.64	0.62	3.44
net income per share	-0.65	0.62	-205.57
operating cash flow per share	0.15	0.05	189.57
free cash flow per share	0.12	0.03	370.20
cash per share	0.11	0.11	-0.67
book value per share	14.47	15.28	-5.35
tangible book value per share	14.47	15.28	-5.35
shareholders equity per share	14.47	15.28	-5.35
interest debt per share	17.93	17.62	1.79
market cap	623236923.09	479177015.28	30.06
enterprise value	1881032923.09	1713290015.28	9.79
pe ratio	-3.39	2.75	-223.09
price to sales ratio	13.69	10.9	25.62
pocfratio	57.34	127.78	-55.13
pfcf ratio	70.93	256.66	-72.36
pb ratio	0.61	0.44	37.29
ptb ratio	0.61	0.44	37.29
ev to sales	41.32	38.96	6.04
enterprise value over ebitda	-58.1	35.68	-262.82
ev to operating cash flow	173.06	456.88	-62.12
ev to free cash flow	214.07	917.67	-76.67
earnings yield	-0.07	0.09	-181.24
free cash flow yield	0.01	0.0	261.86
debt to equity	1.23	1.14	7.59
debt to assets	0.48	0.47	1.21
net debt to ebitda	-38.85	25.7	-251.15
current ratio	0.35	0.44	-20.46
interest coverage	0	0	NaN
income quality	-0.24	0.09	-374.30
dividend yield	0.02	0.02	-14.45
payout ratio	-0.24	0.22	-205.31
sales general and administrative to revenue	0.04	0.04	-0.39
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.19	0.5	-61.85
capex to revenue	0.05	0.04	6.79
capex to depreciation	69.4	62.77	10.57
stock based compensation to revenue	0.0	0.0	-3.42
graham number	14.55	14.55	-0.04
roic	0	0	NaN
return on tangible assets	-0.02	0.02	-204.92
graham net net	-22.31	-21.27	-4.89
working capital	-254965000	-193858000	-31.52
tangible asset value	1023338000	1080195000	-5.26
net current asset value	-1452345000	-1362319000	-6.61
invested capital	-253873000	-192735000	-31.72
average receivables	3355500	5415000	-38.03
average payables	36575500	36266000	0.85
average inventory	0	0.5	-100.00
days sales outstanding	6.86	6.63	3.53
days payables outstanding	254.39	266.69	-4.61
days of inventory on hand	0	0	NaN
receivables turnover	13.11	13.58	-3.41
payables turnover	0.35	0.34	4.84
inventory turnover	0	0	NaN
roe	-0.04	0.04	-211.54
capex per share	0.03	0.03	10.46

• Negative

  ROE: Return on Equity (ROE) decreased to -0.04 on 2024-09-30 Q3 from 0.04 on 2024-06-30 Q2, representing a change of -211.54%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -3.39 on 2024-09-30 Q3 from 2.75 on 2024-06-30 Q2, representing a change of -223.09%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.35 on 2024-09-30 Q3 from 0.44 on 2024-06-30 Q2, representing a change of -20.46%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Debt-to-Equity Ratio:

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Positive Sentiment: Discounted Cash Flow value is 18.74 which is higher than current price 8.14, indicates the company may be undervalued.