Real Estate & E-Commerce Split Corp. Class A (RS) AI Stock Analysis

• Market Cap: C$115.50M
• Dividend Yield: 15.97%
• Average Volume (3M): 13.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: -186.06%
• EPS Growth: -496.99%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 79
• Industry: Asset Management
• EPS (TTM): -1.16
• Shares Outstanding: 11,773,305
• 10 Day Avg. Volume: 17,367
• 30 Day Avg. Volume: 13,415
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: ―

TSE:RS shows a strong recovery in financial performance, particularly in revenue and profitability, and maintains a robust balance sheet with no debt. However, negative operating cash flows and technical indicators pointing to a bearish trend introduce risks. The high dividend yield is a positive, but the negative P/E ratio raises concerns. Without recent earnings call data or significant corporate events, the score reflects mixed prospects and highlights the need for careful monitoring of cash flow improvements.

Real Estate & E-Commerce Split Corp. Class A Business Overview & Revenue Model

Company Description

Real Estate & E-Commerce Split Corp. is a balanced mutual fund launched by Middlefield Limited. The fund is managed by Middlefield Capital Corporation. Real Estate & E-Commerce Split Corp. Real Estate & E-Commerce Split Corp. was formed on October 7, 2020 and is domiciled in Canada.

How the Company Makes Money

Real Estate & E-Commerce Split Corp. Class A makes money primarily through the management and trading of its structured investment vehicles, specifically split shares. These shares are designed to generate revenue through dividends, interest, and capital gains from the underlying assets, which include real estate investments and e-commerce related securities. The company earns management fees from the administration of these investment products. Additionally, it may benefit from strategic partnerships and financial instruments that enhance returns for shareholders.

Real Estate & E-Commerce Split Corp. Class A Financial Statement Overview

Summary

Overall, the company exhibits a strong recovery in its operations with significant improvements in revenue and profitability. The balance sheet is solid, with no leverage concerns, enhancing financial stability. However, challenges persist in generating positive operating cash flow, which needs careful management to ensure sustainable growth.

Income Statement

The company's revenue has shown a significant recovery, moving from negative figures in 2022 to positive in 2023, indicating a strong turnaround. Gross profit and net income margins have also improved significantly, reflecting enhanced profitability. However, the volatility in past revenues suggests potential instability.

Balance Sheet

The company maintains a strong balance sheet with no debt, resulting in a favorable debt-to-equity ratio. The equity ratio is robust, indicating solid financial stability. The increase in stockholders' equity over the years demonstrates growth in net assets.

Cash Flow

Operating cash flow remains negative, raising concerns about cash generation from operations. However, the reduction in negative free cash flow suggests improvement. The reliance on financing activities to sustain cash flow could be a potential risk if not managed carefully.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
5.14M	-13.79M	14.48M	42.62K
	Gross Profit
3.71M	-14.84M	13.78M	-22.11K
	EBIT
3.22M	-17.30M	12.46M	-257.99K
	EBITDA
3.92M	-17.30M	12.46M	-253.14K
	Net Income Common Stockholders
3.81M	-17.34M	12.30M	-260.22K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
149.30M	120.61M	78.26M	38.25M
	Total Assets
150.25M	121.09M	78.56M	38.43M
	Total Debt
0.00	500.00K	500.00K	0.00
	Net Debt
-3.45M	-4.86M	-3.21M	-2.46M
	Total Liabilities
70.19M	54.64M	27.69M	16.67M
	Stockholders Equity
80.06M	66.46M	50.87M	21.76M
Cash Flow		Free Cash Flow
-26.66M	-57.83M	-26.41M	-35.87M
	Operating Cash Flow
-26.66M	-57.83M	-26.41M	-35.87M
	Investing Cash Flow
0.00	0.00	0.00	0.00
	Financing Cash Flow
24.74M	59.47M	27.75M	38.32M

Real Estate & E-Commerce Split Corp. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RS, the sentiment is Positive. The current price of 9.77 is above the 20-day moving average (MA) of 9.63, above the 50-day MA of 9.13, and below the 200-day MA of 10.19, indicating a neutral trend. The MACD of 0.17 indicates Positive momentum. The RSI at 63.87 is Neutral, neither overbought nor oversold. The STOCH value of 65.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RS.

Real Estate & E-Commerce Split Corp. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGF.B	80 Outperform	C$783.30M	7.92	8.68%	3.89%	20.65%	-2.36%
PWI	69 Neutral	C$30.50M	2.43	55.08%	10.12%	―	504.21%
PDV	67 Neutral	C$5.10M	1.91	56.16%	7.58%	56.56%	―
Sector *	64 Neutral	$12.83B	9.78	7.78%	16985.64%	12.26%	-7.81%
RS	61 Neutral	C$115.50M	―	-7.26%	15.97%	-186.06%	-496.99%
AIM	58 Neutral	C$275.66M	―	0.37%	―	67.83%	68.03%
BNK	54 Neutral	C$18.31M	4.77	31.87%	10.40%	-72.10%	-77.56%

Real Estate & E-Commerce Split Corp. Class A Corporate Events

Real Estate Split Corp. Declares January 2025 Distribution

Real Estate Split Corp. has announced a distribution for January 2025, which will be payable to Class A shareholders. The equity shares of the Fund are traded on the Toronto Stock Exchange under the symbol RS, and the distribution per equity share is set at $0.13, with a record date of January 31, 2025, and a payable date of February 14, 2025.

Real Estate Split Corp. Announces January Distributions

Real Estate Split Corp. announced distributions for its Class A and preferred shareholders, payable in January 2025, with respective amounts of $0.13 and $0.13125 per share. Both share classes are traded on the Toronto Stock Exchange, offering attractive investment opportunities for those interested in real estate and e-commerce sectors.

Real Estate Split Corp. Completes Strategic Merger

Real Estate Split Corp. has successfully merged with Middlefield Global Real Asset Fund, offering investors new opportunities in the real estate market. The merger resulted in Real Estate Split issuing over a million Preferred and Class A shares, with investors benefiting from potential capital appreciation and cash distributions. The company is focused on a diverse portfolio, including traditional and emerging property types, to capitalize on growing demand and limited supply.