ALTUS GROUP LTD (AIF.CA) Stock Fundamental Analysis
TSX:AIF - Toronto Stock Exchange - CA02215R1073 - Common Stock - Currency: CAD
Overall AIF gets a fundamental rating of 4 out of 10. We evaluated AIF against 28 industry peers in the Real Estate Management & Development industry. The financial health of AIF is average, but there are quite some concerns on its profitability. AIF does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
AIF had positive earnings in the past year.
AIF had a positive operating cash flow in the past year.
Of the past 5 years AIF 4 years were profitable.
AIF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.07%, AIF perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
AIF's Return On Equity of 2.17% is in line compared to the rest of the industry. AIF outperforms 50.00% of its industry peers.
AIF has a Return On Invested Capital (3.11%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 2.17% | ||
| ROIC | 3.11% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 2.00%, AIF perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of AIF has declined.
The Operating Margin of AIF (9.74%) is worse than 67.86% of its industry peers.
In the last couple of years the Operating Margin of AIF has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.74% | ||
| PM (TTM) | 2% | ||
| GM | N/A |
OM growth 3Y-2.7%
OM growth 5Y-3.36%
PM growth 3Y-14.33%
PM growth 5Y-5.69%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AIF is destroying value.
There is no outstanding debt for AIF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 2.72 indicates that AIF is not a great score, but indicates only limited risk for bankruptcy at the moment.
AIF has a better Altman-Z score (2.72) than 75.00% of its industry peers.
The Debt to FCF ratio of AIF is 4.41, which is a neutral value as it means it would take AIF, 4.41 years of fcf income to pay off all of its debts.
AIF has a Debt to FCF ratio of 4.41. This is amongst the best in the industry. AIF outperforms 89.29% of its industry peers.
AIF has a Debt/Equity ratio of 0.50. This is a neutral value indicating AIF is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.50, AIF is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.41 | ||
| Altman-Z | 2.72 |
ROIC/WACC0.42
WACC7.45%
2.3 Liquidity
AIF has a Current Ratio of 1.68. This is a normal value and indicates that AIF is financially healthy and should not expect problems in meeting its short term obligations.
AIF has a Current ratio of 1.68. This is in the better half of the industry: AIF outperforms 71.43% of its industry peers.
AIF has a Quick Ratio of 1.68. This is a normal value and indicates that AIF is financially healthy and should not expect problems in meeting its short term obligations.
AIF has a Quick ratio of 1.68. This is in the better half of the industry: AIF outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.30% over the past year.
The Earnings Per Share has been growing slightly by 4.22% on average over the past years.
AIF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.29%.
The Revenue has been decreasing by -0.23% on average over the past years.
EPS 1Y (TTM)10.3%
EPS 3Y-1.42%
EPS 5Y4.22%
EPS Q2Q%84.78%
Revenue 1Y (TTM)-13.29%
Revenue growth 3Y-5.98%
Revenue growth 5Y-0.23%
Sales Q2Q%-29.27%
3.2 Future
Based on estimates for the next years, AIF will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.99% on average per year.
The Revenue is expected to decrease by -5.34% on average over the next years.
EPS Next Y-14.22%
EPS Next 2Y9.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-17.96%
Revenue Next 2Y-5.34%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 27.52, the valuation of AIF can be described as expensive.
AIF's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.79. AIF is around the same levels.
With a Price/Forward Earnings ratio of 32.08, AIF can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, AIF is valued a bit cheaper than 64.29% of the companies in the same industry.
AIF's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.52 | ||
| Fwd PE | 32.08 |
4.2 Price Multiples
AIF's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AIF is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.11 | ||
| EV/EBITDA | 19.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)6.52
EPS Next 2Y9.99%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.21%, AIF has a reasonable but not impressive dividend return.
AIF's Dividend Yield is comparable with the industry average which is at 3.25.
With a Dividend Yield of 1.21, AIF pays less dividend than the S&P500 average, which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
5.2 History
The dividend of AIF has a limited annual growth rate of 3.91%.
AIF has been paying a dividend for at least 10 years, so it has a reliable track record.
AIF has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.91%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
184.19% of the earnings are spent on dividend by AIF. This is not a sustainable payout ratio.
The dividend of AIF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP184.19%
EPS Next 2Y9.99%
EPS Next 3YN/A
TSX:AIF (4/24/2025, 7:00:00 PM)
50.08
+0.72 (+1.46%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners58.84%
Inst Owner ChangeN/A
Ins Owners4.07%
Ins Owner ChangeN/A
Market Cap2.25B
Analysts69.09
Price Target61.35 (22.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
Yearly Dividend0.59
Dividend Growth(5Y)3.91%
DP184.19%
Div Incr Years1
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)54.74%
Min EPS beat(2)-26.71%
Max EPS beat(2)136.18%
EPS beat(4)1
Avg EPS beat(4)19.84%
Min EPS beat(4)-26.71%
Max EPS beat(4)136.18%
EPS beat(8)3
Avg EPS beat(8)6.53%
EPS beat(12)4
Avg EPS beat(12)3.71%
EPS beat(16)8
Avg EPS beat(16)5.26%
Revenue beat(2)0
Avg Revenue beat(2)-1.67%
Min Revenue beat(2)-3.03%
Max Revenue beat(2)-0.31%
Revenue beat(4)1
Avg Revenue beat(4)-0.61%
Min Revenue beat(4)-3.03%
Max Revenue beat(4)1.5%
Revenue beat(8)3
Avg Revenue beat(8)-0.68%
Revenue beat(12)5
Avg Revenue beat(12)-0.72%
Revenue beat(16)6
Avg Revenue beat(16)-0.75%
PT rev (1m)0%
PT rev (3m)1.08%
EPS NQ rev (1m)15.19%
EPS NQ rev (3m)-15.89%
EPS NY rev (1m)-3.32%
EPS NY rev (3m)-3.74%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-4.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.52 | ||
| Fwd PE | 32.08 | ||
| P/S | 3.36 | ||
| P/FCF | 31.11 | ||
| P/OCF | 28.21 | ||
| P/B | 3.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.45 |
EPS(TTM)1.82
EY3.63%
EPS(NY)1.56
Fwd EY3.12%
FCF(TTM)1.61
FCFY3.21%
OCF(TTM)1.78
OCFY3.54%
SpS14.89
BVpS13.71
TBVpS-0.03
PEG (NY)N/A
PEG (5Y)6.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 2.17% | ||
| ROCE | 6.78% | ||
| ROIC | 3.11% | ||
| ROICexc | 4.68% | ||
| ROICexgc | 149.8% | ||
| OM | 9.74% | ||
| PM (TTM) | 2% | ||
| GM | N/A | ||
| FCFM | 10.81% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-2.7%
OM growth 5Y-3.36%
PM growth 3Y-14.33%
PM growth 5Y-5.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 4.41 | ||
| Debt/EBITDA | 2.67 | ||
| Cap/Depr | 14.79% | ||
| Cap/Sales | 1.11% | ||
| Interest Coverage | 3.39 | ||
| Cash Conversion | 69.08% | ||
| Profit Quality | 539.82% | ||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.68 | ||
| Altman-Z | 2.72 |
F-Score7
WACC7.45%
ROIC/WACC0.42
Cap/Depr(3y)25.82%
Cap/Depr(5y)22.14%
Cap/Sales(3y)2.13%
Cap/Sales(5y)1.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.3%
EPS 3Y-1.42%
EPS 5Y4.22%
EPS Q2Q%84.78%
EPS Next Y-14.22%
EPS Next 2Y9.99%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.29%
Revenue growth 3Y-5.98%
Revenue growth 5Y-0.23%
Sales Q2Q%-29.27%
Revenue Next Year-17.96%
Revenue Next 2Y-5.34%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.69%
EBIT growth 3Y-8.52%
EBIT growth 5Y-3.58%
EBIT Next Year40.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y22.95%
FCF growth 3Y16.63%
FCF growth 5Y9.28%
OCF growth 1Y11.89%
OCF growth 3Y12.38%
OCF growth 5Y8.8%