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AX Real Estate MTSE:AXR Stock Report

Last Price


Market Cap







04 Oct, 2022


Company Financials
AXR fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health3/6

AXR Stock Overview

AX Real Estate p.l.c. holds and acquires real estate properties in Malta.

AX Real Estate Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AX Real Estate
Historical stock prices
Current Share Price€0.55
52 Week High€0.60
52 Week Low€0.54
1 Month Change0%
3 Month Change0%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-6.78%

Recent News & Updates

Shareholder Returns

AXRMT Real EstateMT Market

Return vs Industry: Insufficient data to determine how AXR performed against the MT Real Estate industry.

Return vs Market: Insufficient data to determine how AXR performed against the MT Market.

Price Volatility

Is AXR's price volatile compared to industry and market?
AXR volatility
AXR Average Weekly Movementn/a
Real Estate Industry Average Movement4.8%
Market Average Movement5.4%
10% most volatile stocks in MT Market10.1%
10% least volatile stocks in MT Market2.8%

Stable Share Price: Insufficient data to determine AXR's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AXR's volatility change over the past year.

About the Company


AX Real Estate p.l.c. holds and acquires real estate properties in Malta. Its property portfolio includes hospitality, care home and retirement village business, offices, warehouses, and other industrial properties, as well as commercial and residential properties. The company was incorporated in 2019 and is based in Mosta, Malta.

AX Real Estate Fundamentals Summary

How do AX Real Estate's earnings and revenue compare to its market cap?
AXR fundamental statistics
Market Cap€150.89m
Earnings (TTM)-€19.56m
Revenue (TTM)€5.09m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXR income statement (TTM)
Cost of Revenue€0
Gross Profit€5.09m
Other Expenses€24.65m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date


Earnings per share (EPS)-0.071
Gross Margin100.00%
Net Profit Margin-384.22%
Debt/Equity Ratio73.1%

How did AXR perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is AXR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AXR?

Other financial metrics that can be useful for relative valuation.

AXR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue46.4x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Sales Ratio vs Peers

How does AXR's PS Ratio compare to its peers?

AXR PS Ratio vs Peers
The above table shows the PS ratio for AXR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average21.5x
MLT Malita Investments
HLI Hili Properties
TRI Trident Estates
AXR AX Real Estate

Price-To-Sales vs Peers: AXR is expensive based on its Price-To-Sales Ratio (29.6x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does AXR's PE Ratio compare vs other companies in the European Real Estate Industry?

Price-To-Sales vs Industry: AXR is expensive based on its Price-To-Sales Ratio (29.6x) compared to the European Real Estate industry average (5.2x)

Price to Sales Ratio vs Fair Ratio

What is AXR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AXR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio29.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AXR's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of AXR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AXR (€0.55) is trading below our estimate of fair value (€1)

Significantly Below Fair Value: AXR is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is AX Real Estate forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AX Real Estate has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Discover growth companies

Past Performance

How has AX Real Estate performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Last years earnings growth

Earnings and Revenue History

Quality Earnings: AXR is currently unprofitable.

Growing Profit Margin: AXR is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if AXR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare AXR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AXR is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-11.2%).

Return on Equity

High ROE: AXR has a negative Return on Equity (-13.63%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is AX Real Estate's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AXR's short term assets (€31.5M) exceed its short term liabilities (€14.8M).

Long Term Liabilities: AXR's short term assets (€31.5M) do not cover its long term liabilities (€116.0M).

Debt to Equity History and Analysis

Debt Level: AXR's net debt to equity ratio (59.5%) is considered high.

Reducing Debt: Insufficient data to determine if AXR's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable AXR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AXR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 117% per year.

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What is AX Real Estate current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

AX Real Estate Dividend Yield vs Market
How does AX Real Estate dividend yield compare to the market?
SegmentDividend Yield
Company (AX Real Estate)4.5%
Market Bottom 25% (MT)2.7%
Market Top 25% (MT)4.9%
Industry Average (Real Estate)4.0%
Analyst forecast in 3 Years (AX Real Estate)n/a

Notable Dividend: AXR's dividend (4.55%) is higher than the bottom 25% of dividend payers in the MT market (2.69%).

High Dividend: AXR's dividend (4.55%) is low compared to the top 25% of dividend payers in the MT market (4.91%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether AXR's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AXR's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: AXR is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (314.5%), AXR's dividend payments are not well covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


AX Real Estate has no CEO, or we have no data on them.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AXR?
Owner TypeNumber of SharesOwnership Percentage
General Public24,336,7008.9%
Private Companies249,998,00091.1%

Dilution of Shares: AXR only recently listed within the past 12 months.

Top Shareholders

Top 2 shareholders own 91.13% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
AX Group p.l.c.
249,998,000€137.5m0%no data
Ax Finance Limited, Asset Management Arm
2,000€1.1k0%no data

Company Information

AX Real Estate p.l.c.'s employee growth, exchange listings and data sources

Key Information

  • Name: AX Real Estate p.l.c.
  • Ticker: AXR
  • Exchange: MTSE
  • Founded: 2019
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: €150.885m
  • Shares outstanding: 274.34m
  • Website:

Number of Employees


  • AX Real Estate p.l.c.
  • AX Business Centre
  • Triq id-Difiza Civili
  • Mosta
  • MST 1741
  • Malta


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXRMTSE (Malta Stock Exchange)YesOrdinary A SharesMTEURFeb 2022

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/09/30 00:00
Annual Earnings2021/10/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.