ALTUS GROUP LTD (AIF.CA) Stock Fundamental Analysis
Canada - TSX:AIF - CA02215R1073 - Common Stock
57.35 CAD
-0.5 (-0.86%)
Taking everything into account, AIF scores 5 out of 10 in our fundamental rating. AIF was compared to 29 industry peers in the Real Estate Management & Development industry. AIF has an excellent financial health rating, but there are some minor concerns on its profitability. AIF is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AIF had positive earnings in the past year.
In the past year AIF had a positive cash flow from operations.
AIF had positive earnings in 4 of the past 5 years.
AIF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 31.87%, AIF belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 48.71%, AIF belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
AIF has a worse Return On Invested Capital (2.27%) than 65.52% of its industry peers.
AIF had an Average Return On Invested Capital over the past 3 years of 2.56%. This is significantly below the industry average of 11.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.87% | ||
| ROE | 48.71% | ||
| ROIC | 2.27% |
ROA(3y)0.62%
ROA(5y)1.38%
ROE(3y)1.24%
ROE(5y)2.73%
ROIC(3y)2.56%
ROIC(5y)2.85%
1.3 Margins
The Profit Margin of AIF (75.46%) is better than 93.10% of its industry peers.
AIF's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 9.86%, AIF is not doing good in the industry: 62.07% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of AIF has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.86% | ||
| PM (TTM) | 75.46% | ||
| 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.
Compared to 1 year ago, AIF has more shares outstanding
AIF has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AIF has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.49 indicates that AIF is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.49, AIF is doing good in the industry, outperforming 79.31% of the companies in the same industry.
AIF has a debt to FCF ratio of 3.03. This is a good value and a sign of high solvency as AIF would need 3.03 years to pay back of all of its debts.
The Debt to FCF ratio of AIF (3.03) is better than 89.66% of its industry peers.
AIF has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.23, AIF is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 4.49 |
ROIC/WACC0.3
WACC7.69%
2.3 Liquidity
A Current Ratio of 2.66 indicates that AIF has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.66, AIF is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
AIF has a Quick Ratio of 2.66. This indicates that AIF is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.66, AIF is doing good in the industry, outperforming 79.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.66 | ||
| Quick Ratio | 2.66 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.19% over the past year.
Measured over the past 5 years, AIF shows a small growth in Earnings Per Share. The EPS has been growing by 4.22% on average per year.
AIF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -33.01%.
AIF shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.23% yearly.
EPS 1Y (TTM)10.19%
EPS 3Y-1.42%
EPS 5Y4.22%
EPS Q2Q%11.11%
Revenue 1Y (TTM)-33.01%
Revenue growth 3Y-5.98%
Revenue growth 5Y-0.23%
Sales Q2Q%-36.41%
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 14.89% on average per year.
AIF is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.28% yearly.
EPS Next Y-1.62%
EPS Next 2Y14.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-19.36%
Revenue Next 2Y-6.28%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 33.15, the valuation of AIF can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AIF is on the same level as its industry peers.
AIF is valuated rather expensively when we compare the Price/Earnings ratio to 27.55, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 23.87 indicates a rather expensive valuation of AIF.
75.86% of the companies in the same industry are more expensive than AIF, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.04, AIF is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.15 | ||
| Fwd PE | 23.87 |
4.2 Price Multiples
AIF's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AIF is cheaper than 65.52% of the companies in the same industry.
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 | 37.52 | ||
| EV/EBITDA | 24.62 |
4.3 Compensation for Growth
A more expensive valuation may be justified as AIF's earnings are expected to grow with 14.89% in the coming years.
PEG (NY)N/A
PEG (5Y)7.85
EPS Next 2Y14.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 1.00%, AIF is not a good candidate for dividend investing.
AIF's Dividend Yield is a higher than the industry average which is at 3.40.
Compared to an average S&P500 Dividend Yield of 2.43, AIF's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
5.2 History
The dividend of AIF has a limited annual growth rate of 2.11%.
AIF has paid a dividend for at least 10 years, which is 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)2.11%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
AIF pays out 6.27% of its income as dividend. This is a sustainable payout ratio.
The dividend of AIF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP6.27%
EPS Next 2Y14.89%
EPS Next 3YN/A
TSX:AIF (10/15/2025, 7:00:00 PM)
57.35
-0.5 (-0.86%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners48.39%
Inst Owner ChangeN/A
Ins Owners4.45%
Ins Owner ChangeN/A
Market Cap2.48B
Analysts70.91
Price Target65.57 (14.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1% |
Yearly Dividend0.54
Dividend Growth(5Y)2.11%
DP6.27%
Div Incr Years1
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.75%
Min EPS beat(2)0.06%
Max EPS beat(2)41.44%
EPS beat(4)3
Avg EPS beat(4)37.74%
Min EPS beat(4)-26.71%
Max EPS beat(4)136.18%
EPS beat(8)4
Avg EPS beat(8)11.53%
EPS beat(12)5
Avg EPS beat(12)6.29%
EPS beat(16)8
Avg EPS beat(16)7.25%
Revenue beat(2)0
Avg Revenue beat(2)-1.69%
Min Revenue beat(2)-2.95%
Max Revenue beat(2)-0.42%
Revenue beat(4)0
Avg Revenue beat(4)-1.68%
Min Revenue beat(4)-3.03%
Max Revenue beat(4)-0.31%
Revenue beat(8)1
Avg Revenue beat(8)-1.85%
Revenue beat(12)3
Avg Revenue beat(12)-1.23%
Revenue beat(16)6
Avg Revenue beat(16)-0.65%
PT rev (1m)0%
PT rev (3m)8.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.7%
EPS NY rev (1m)2.99%
EPS NY rev (3m)14.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.9%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.15 | ||
| Fwd PE | 23.87 | ||
| P/S | 4.73 | ||
| P/FCF | 37.52 | ||
| P/OCF | 34.66 | ||
| P/B | 3.05 | ||
| P/tB | 11.6 | ||
| EV/EBITDA | 24.62 |
EPS(TTM)1.73
EY3.02%
EPS(NY)2.4
Fwd EY4.19%
FCF(TTM)1.53
FCFY2.67%
OCF(TTM)1.65
OCFY2.88%
SpS12.13
BVpS18.8
TBVpS4.94
PEG (NY)N/A
PEG (5Y)7.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.87% | ||
| ROE | 48.71% | ||
| ROCE | 4.96% | ||
| ROIC | 2.27% | ||
| ROICexc | 3.59% | ||
| ROICexgc | 39.06% | ||
| OM | 9.86% | ||
| PM (TTM) | 75.46% | ||
| GM | N/A | ||
| FCFM | 12.6% |
ROA(3y)0.62%
ROA(5y)1.38%
ROE(3y)1.24%
ROE(5y)2.73%
ROIC(3y)2.56%
ROIC(5y)2.85%
ROICexc(3y)2.66%
ROICexc(5y)3.06%
ROICexgc(3y)13.05%
ROICexgc(5y)13.13%
ROCE(3y)5.58%
ROCE(5y)6.23%
ROICexcg growth 3Y-25.98%
ROICexcg growth 5Y-37.87%
ROICexc growth 3Y-9.38%
ROICexc growth 5Y-19.48%
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 Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.03 | ||
| Debt/EBITDA | 2.01 | ||
| Cap/Depr | 12.82% | ||
| Cap/Sales | 1.04% | ||
| Interest Coverage | 1.57 | ||
| Cash Conversion | 75.96% | ||
| Profit Quality | 16.7% | ||
| Current Ratio | 2.66 | ||
| Quick Ratio | 2.66 | ||
| Altman-Z | 4.49 |
F-Score7
WACC7.69%
ROIC/WACC0.3
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)10.19%
EPS 3Y-1.42%
EPS 5Y4.22%
EPS Q2Q%11.11%
EPS Next Y-1.62%
EPS Next 2Y14.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-33.01%
Revenue growth 3Y-5.98%
Revenue growth 5Y-0.23%
Sales Q2Q%-36.41%
Revenue Next Year-19.36%
Revenue Next 2Y-6.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-24.14%
EBIT growth 3Y-8.52%
EBIT growth 5Y-3.58%
EBIT Next Year47.43%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y211.33%
FCF growth 3Y16.63%
FCF growth 5Y9.28%
OCF growth 1Y68.93%
OCF growth 3Y12.38%
OCF growth 5Y8.8%