ALTUS GROUP LTD (AIF.CA) Fundamental Analysis & Valuation
TSX:AIF • CA02215R1073
46.9 CAD
-0.71 (-1.49%)
Last: Mar 6, 2026, 07:00 PM
This AIF.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall AIF gets a fundamental rating of 5 out of 10. We evaluated AIF against 30 industry peers in the Real Estate Management & Development industry. AIF has only an average score on both its financial health and profitability. AIF has a decent growth rate and is not valued too expensively.
1. AIF.CA Profitability Analysis
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.
- In the past 5 years AIF always reported a positive cash flow from operatings.
1.2 Ratios
- The Return On Assets of AIF (29.75%) is better than 100.00% of its industry peers.
- AIF's Return On Equity of 81.06% is amongst the best of the industry. AIF outperforms 100.00% of its industry peers.
- AIF's Return On Invested Capital of 4.46% is fine compared to the rest of the industry. AIF outperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.75% | ||
| ROE | 81.06% | ||
| ROIC | 4.46% |
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 an excellent Profit Margin value of 73.96%, AIF belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
- In the last couple of years the Profit Margin of AIF has grown nicely.
- The Operating Margin of AIF (8.49%) is worse than 63.33% of its industry peers.
- In the last couple of years the Operating Margin of AIF has declined.
- The Gross Margin of AIF (66.05%) is better than 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.49% | ||
| PM (TTM) | 73.96% | ||
| GM | 66.05% |
OM growth 3Y-9.56%
OM growth 5Y-8.96%
PM growth 3YN/A
PM growth 5Y80.94%
GM growth 3YN/A
GM growth 5YN/A
2. AIF.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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 2.17 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 (2.17) than 73.33% of its industry peers.
- The Debt to FCF ratio of AIF is 2.51, which is a good value as it means it would take AIF, 2.51 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 2.51, AIF belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
- A Debt/Equity ratio of 0.40 indicates that AIF is not too dependend on debt financing.
- AIF has a better Debt to Equity ratio (0.40) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.51 | ||
| Altman-Z | 2.17 |
ROIC/WACC0.53
WACC8.47%
2.3 Liquidity
- AIF has a Current Ratio of 1.03. 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 1.03. This is comparable to the rest of the industry: AIF outperforms 53.33% of its industry peers.
- AIF has a Quick Ratio of 1.03. This is a normal value and indicates that AIF is financially healthy and should not expect problems in meeting its short term obligations.
- The Quick ratio of AIF (1.03) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. AIF.CA Growth Analysis
3.1 Past
- AIF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.40%.
- Measured over the past 5 years, AIF shows a small growth in Earnings Per Share. The EPS has been growing by 0.95% on average per year.
- AIF shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.96%.
- Measured over the past years, AIF shows a decrease in Revenue. The Revenue has been decreasing by -2.17% on average per year.
EPS 1Y (TTM)-4.4%
EPS 3Y-2.89%
EPS 5Y0.95%
EPS Q2Q%-21.18%
Revenue 1Y (TTM)-24.96%
Revenue growth 3Y-11.9%
Revenue growth 5Y-2.17%
Sales Q2Q%-19.59%
3.2 Future
- The Earnings Per Share is expected to grow by 23.24% on average over the next years. This is a very strong growth
- Based on estimates for the next years, AIF will show a small growth in Revenue. The Revenue will grow by 7.25% on average per year.
EPS Next Y34.09%
EPS Next 2Y23.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.19%
Revenue Next 2Y7.25%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. AIF.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 26.95, AIF can be considered very expensive at the moment.
- AIF's Price/Earnings is on the same level as the industry average.
- The average S&P500 Price/Earnings ratio is at 26.29. AIF is around the same levels.
- AIF is valuated rather expensively with a Price/Forward Earnings ratio of 20.10.
- Based on the Price/Forward Earnings ratio, AIF is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
- AIF's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.95 | ||
| Fwd PE | 20.1 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AIF is on the same level as its industry peers.
- AIF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.07 | ||
| EV/EBITDA | 21.89 |
4.3 Compensation for Growth
- AIF's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of AIF may justify a higher PE ratio.
- AIF's earnings are expected to grow with 23.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.79
PEG (5Y)28.5
EPS Next 2Y23.24%
EPS Next 3YN/A
5. AIF.CA Dividend Analysis
5.1 Amount
- AIF has a Yearly Dividend Yield of 1.30%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.86, AIF has a dividend in line with its industry peers.
- Compared to the average S&P500 Dividend Yield of 1.82, AIF is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
5.2 History
- The dividend of AIF has a limited annual growth rate of 2.11%.
- 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)2.11%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
- AIF pays out 6.55% 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.
DP6.55%
EPS Next 2Y23.24%
EPS Next 3YN/A
AIF.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:AIF (3/6/2026, 7:00:00 PM)
46.9
-0.71 (-1.49%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)05-06 2026-05-06
Inst Owners42.33%
Inst Owner ChangeN/A
Ins Owners4.49%
Ins Owner ChangeN/A
Market Cap2.03B
Revenue(TTM)502.89M
Net Income(TTM)371.95M
Analysts72.73
Price Target54.74 (16.72%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend0.54
Dividend Growth(5Y)2.11%
DP6.55%
Div Incr Years1
Div Non Decr Years12
Ex-Date03-31 2026-03-31 (0.15)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.82%
Min EPS beat(2)-15.77%
Max EPS beat(2)17.41%
EPS beat(4)3
Avg EPS beat(4)10.79%
Min EPS beat(4)-15.77%
Max EPS beat(4)41.44%
EPS beat(8)4
Avg EPS beat(8)15.31%
EPS beat(12)6
Avg EPS beat(12)7.95%
EPS beat(16)7
Avg EPS beat(16)5.48%
Revenue beat(2)0
Avg Revenue beat(2)-12.08%
Min Revenue beat(2)-22.34%
Max Revenue beat(2)-1.82%
Revenue beat(4)0
Avg Revenue beat(4)-6.88%
Min Revenue beat(4)-22.34%
Max Revenue beat(4)-0.42%
Revenue beat(8)1
Avg Revenue beat(8)-3.74%
Revenue beat(12)3
Avg Revenue beat(12)-2.75%
Revenue beat(16)5
Avg Revenue beat(16)-2.26%
PT rev (1m)-11.48%
PT rev (3m)-8.65%
EPS NQ rev (1m)-5.93%
EPS NQ rev (3m)-5.4%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.22%
Revenue NQ rev (1m)-10.71%
Revenue NQ rev (3m)-10.71%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-3.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.95 | ||
| Fwd PE | 20.1 | ||
| P/S | 4.03 | ||
| P/FCF | 26.07 | ||
| P/OCF | 24.7 | ||
| P/B | 4.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.89 |
EPS(TTM)1.74
EY3.71%
EPS(NY)2.33
Fwd EY4.97%
FCF(TTM)1.8
FCFY3.84%
OCF(TTM)1.9
OCFY4.05%
SpS11.63
BVpS10.61
TBVpS-2.71
PEG (NY)0.79
PEG (5Y)28.5
Graham Number20.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 29.75% | ||
| ROE | 81.06% | ||
| ROCE | 6.2% | ||
| ROIC | 4.46% | ||
| ROICexc | 12.16% | ||
| ROICexgc | N/A | ||
| OM | 8.49% | ||
| PM (TTM) | 73.96% | ||
| GM | 66.05% | ||
| FCFM | 15.47% |
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-9.56%
OM growth 5Y-8.96%
PM growth 3YN/A
PM growth 5Y80.94%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 2.51 | ||
| Debt/EBITDA | 2.21 | ||
| Cap/Depr | 10.63% | ||
| Cap/Sales | 0.85% | ||
| Interest Coverage | 1.38 | ||
| Cash Conversion | 98.83% | ||
| Profit Quality | 20.92% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 2.17 |
F-Score6
WACC8.47%
ROIC/WACC0.53
Cap/Depr(3y)15.66%
Cap/Depr(5y)22.18%
Cap/Sales(3y)1.34%
Cap/Sales(5y)1.81%
Profit Quality(3y)378.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.4%
EPS 3Y-2.89%
EPS 5Y0.95%
EPS Q2Q%-21.18%
EPS Next Y34.09%
EPS Next 2Y23.24%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-24.96%
Revenue growth 3Y-11.9%
Revenue growth 5Y-2.17%
Sales Q2Q%-19.59%
Revenue Next Year7.19%
Revenue Next 2Y7.25%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-34.59%
EBIT growth 3Y-20.32%
EBIT growth 5Y-10.94%
EBIT Next Year83.51%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y7.39%
FCF growth 3Y13.94%
FCF growth 5Y2.75%
OCF growth 1Y2.74%
OCF growth 3Y2.13%
OCF growth 5Y2.58%
ALTUS GROUP LTD / AIF.CA FAQ
Can you provide the ChartMill fundamental rating for ALTUS GROUP LTD?
ChartMill assigns a fundamental rating of 5 / 10 to AIF.CA.
What is the valuation status for AIF stock?
ChartMill assigns a valuation rating of 4 / 10 to ALTUS GROUP LTD (AIF.CA). This can be considered as Fairly Valued.
What is the profitability of AIF stock?
ALTUS GROUP LTD (AIF.CA) has a profitability rating of 6 / 10.
What is the financial health of ALTUS GROUP LTD (AIF.CA) stock?
The financial health rating of ALTUS GROUP LTD (AIF.CA) is 5 / 10.
Can you provide the dividend sustainability for AIF stock?
The dividend rating of ALTUS GROUP LTD (AIF.CA) is 6 / 10 and the dividend payout ratio is 6.55%.