ALTUS GROUP LTD (AIF.CA) Stock Fundamental Analysis
TSX:AIF - Toronto Stock Exchange - CA02215R1073 - Common Stock - Currency: CAD
AIF gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Real Estate Management & Development industry. While AIF has a great health rating, its profitability is only average at the moment. AIF is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year AIF was profitable.
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
AIF has a Return On Assets of 0.22%. This is comparable to the rest of the industry: AIF outperforms 58.62% of its industry peers.
Looking at the Return On Equity, with a value of 0.43%, AIF is in line with its industry, outperforming 58.62% of the companies in the same industry.
AIF's Return On Invested Capital of 4.55% is fine compared to the rest of the industry. AIF outperforms 75.86% of its industry peers.
AIF had an Average Return On Invested Capital over the past 3 years of 4.25%. This is below the industry average of 7.11%.
The 3 year average ROIC (4.25%) for AIF is below the current ROIC(4.55%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.22% | ||
| ROE | 0.43% | ||
| ROIC | 4.55% |
ROA(3y)0.97%
ROA(5y)1.66%
ROE(3y)1.97%
ROE(5y)3.31%
ROIC(3y)4.25%
ROIC(5y)5.29%
1.3 Margins
AIF has a Profit Margin (0.36%) which is in line with its industry peers.
In the last couple of years the Profit Margin of AIF has declined.
Looking at the Operating Margin, with a value of 8.63%, AIF is doing worse than 65.52% of the companies in the same industry.
In the last couple of years the Operating Margin of AIF has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.63% | ||
| PM (TTM) | 0.36% | ||
| GM | N/A |
OM growth 3Y-4.17%
OM growth 5Y32.01%
PM growth 3Y-29.72%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
AIF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AIF has been increased compared to 1 year ago.
The number of shares outstanding for AIF has been increased compared to 5 years ago.
The debt/assets ratio for AIF has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.22 indicates that AIF is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.22, AIF belongs to the best of the industry, outperforming 82.76% of the companies in the same industry.
AIF has a debt to FCF ratio of 3.92. This is a good value and a sign of high solvency as AIF would need 3.92 years to pay back of all of its debts.
AIF has a better Debt to FCF ratio (3.92) than 86.21% of its industry peers.
AIF has a Debt/Equity ratio of 0.54. This is a neutral value indicating AIF is somewhat dependend on debt financing.
AIF has a Debt to Equity ratio of 0.54. This is in the better half of the industry: AIF outperforms 65.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.92 | ||
| Altman-Z | 3.22 |
ROIC/WACC0.62
WACC7.35%
2.3 Liquidity
A Current Ratio of 2.09 indicates that AIF has no problem at all paying its short term obligations.
The Current ratio of AIF (2.09) is better than 82.76% of its industry peers.
A Quick Ratio of 2.09 indicates that AIF has no problem at all paying its short term obligations.
AIF's Quick ratio of 2.09 is amongst the best of the industry. AIF outperforms 82.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.09 | ||
| Quick Ratio | 2.09 |
3. Growth
3.1 Past
The earnings per share for AIF have decreased strongly by -12.27% in the last year.
The Earnings Per Share has been growing by 9.46% on average over the past years. This is quite good.
The Revenue has decreased by -5.07% in the past year.
AIF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.65% yearly.
EPS 1Y (TTM)-12.27%
EPS 3Y-0.2%
EPS 5Y9.46%
EPS Q2Q%-42.42%
Revenue 1Y (TTM)-5.07%
Revenue growth 3Y11.26%
Revenue growth 5Y8.65%
Sales Q2Q%-30.67%
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 10.86% on average per year.
The Revenue is expected to decrease by -7.64% on average over the next years.
EPS Next Y-18.66%
EPS Next 2Y-1.07%
EPS Next 3Y10.86%
EPS Next 5YN/A
Revenue Next Year-13.51%
Revenue Next 2Y-14.8%
Revenue Next 3Y-7.64%
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 stable.
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
With a Price/Earnings ratio of 38.46, AIF can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of AIF indicates a somewhat cheap valuation: AIF is cheaper than 62.07% of the companies listed in the same industry.
AIF is valuated rather expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 34.06, AIF can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, AIF is valued a bit cheaper than 62.07% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, AIF is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.46 | ||
| Fwd PE | 34.06 |
4.2 Price Multiples
AIF's Enterprise Value to EBITDA ratio is in line with the industry average.
AIF's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.85 | ||
| EV/EBITDA | 24.3 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.07
EPS Next 2Y-1.07%
EPS Next 3Y10.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.07%, AIF has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.36, AIF has a dividend in line with its industry peers.
With a Dividend Yield of 1.07, AIF pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.91%
Div Incr Years1
Div Non Decr Years12
5.3 Sustainability
AIF pays out 950.87% of its income as dividend. This is not a sustainable payout ratio.
The dividend of AIF is growing, but earnings are growing more, so the dividend growth is sustainable.
DP950.87%
EPS Next 2Y-1.07%
EPS Next 3Y10.86%
TSX:AIF (2/21/2025, 7:00:00 PM)
55
-0.83 (-1.49%)
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 Cap2.54B
Analysts70
Price Target61.46 (11.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
Yearly Dividend0.59
Dividend Growth(5Y)3.91%
DP950.87%
Div Incr Years1
Div Non Decr Years12
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.12%
Min EPS beat(2)-26.71%
Max EPS beat(2)-15.54%
EPS beat(4)1
Avg EPS beat(4)-13.33%
Min EPS beat(4)-26.71%
Max EPS beat(4)3.51%
EPS beat(8)2
Avg EPS beat(8)-12.02%
EPS beat(12)4
Avg EPS beat(12)-6.12%
EPS beat(16)8
Avg EPS beat(16)-2.12%
Revenue beat(2)1
Avg Revenue beat(2)-0.76%
Min Revenue beat(2)-3.03%
Max Revenue beat(2)1.5%
Revenue beat(4)1
Avg Revenue beat(4)-1.01%
Min Revenue beat(4)-3.03%
Max Revenue beat(4)1.5%
Revenue beat(8)3
Avg Revenue beat(8)-0.88%
Revenue beat(12)5
Avg Revenue beat(12)-0.72%
Revenue beat(16)7
Avg Revenue beat(16)-0.47%
PT rev (1m)1.26%
PT rev (3m)4.1%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)0.47%
EPS NY rev (1m)0.34%
EPS NY rev (3m)-9.78%
Revenue NQ rev (1m)-0.4%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-1.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.46 | ||
| Fwd PE | 34.06 | ||
| P/S | 3.5 | ||
| P/FCF | 28.85 | ||
| P/OCF | 25.42 | ||
| P/B | 4.12 | ||
| P/tB | 2235.35 | ||
| EV/EBITDA | 24.3 |
EPS(TTM)1.43
EY2.6%
EPS(NY)1.61
Fwd EY2.94%
FCF(TTM)1.91
FCFY3.47%
OCF(TTM)2.16
OCFY3.93%
SpS15.73
BVpS13.36
TBVpS0.02
PEG (NY)N/A
PEG (5Y)4.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.22% | ||
| ROE | 0.43% | ||
| ROCE | 6.32% | ||
| ROIC | 4.55% | ||
| ROICexc | 4.74% | ||
| ROICexgc | 13.44% | ||
| OM | 8.63% | ||
| PM (TTM) | 0.36% | ||
| GM | N/A | ||
| FCFM | 12.12% |
ROA(3y)0.97%
ROA(5y)1.66%
ROE(3y)1.97%
ROE(5y)3.31%
ROIC(3y)4.25%
ROIC(5y)5.29%
ROICexc(3y)4.47%
ROICexc(5y)5.82%
ROICexgc(3y)24.06%
ROICexgc(5y)34.89%
ROCE(3y)5.9%
ROCE(5y)7.35%
ROICexcg growth 3Y6.56%
ROICexcg growth 5Y29.14%
ROICexc growth 3Y-13.34%
ROICexc growth 5Y25.23%
OM growth 3Y-4.17%
OM growth 5Y32.01%
PM growth 3Y-29.72%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.92 | ||
| Debt/EBITDA | 2.83 | ||
| Cap/Depr | 21.87% | ||
| Cap/Sales | 1.64% | ||
| Interest Coverage | 3.11 | ||
| Cash Conversion | 85.33% | ||
| Profit Quality | 3326.04% | ||
| Current Ratio | 2.09 | ||
| Quick Ratio | 2.09 | ||
| Altman-Z | 3.22 |
F-Score8
WACC7.35%
ROIC/WACC0.62
Cap/Depr(3y)28.5%
Cap/Depr(5y)21.5%
Cap/Sales(3y)2.21%
Cap/Sales(5y)1.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-12.27%
EPS 3Y-0.2%
EPS 5Y9.46%
EPS Q2Q%-42.42%
EPS Next Y-18.66%
EPS Next 2Y-1.07%
EPS Next 3Y10.86%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.07%
Revenue growth 3Y11.26%
Revenue growth 5Y8.65%
Sales Q2Q%-30.67%
Revenue Next Year-13.51%
Revenue Next 2Y-14.8%
Revenue Next 3Y-7.64%
Revenue Next 5YN/A
EBIT growth 1Y-8.61%
EBIT growth 3Y6.62%
EBIT growth 5Y43.43%
EBIT Next Year33.02%
EBIT Next 3Y19.78%
EBIT Next 5YN/A
FCF growth 1Y119.19%
FCF growth 3Y-4.63%
FCF growth 5Y9.69%
OCF growth 1Y65.42%
OCF growth 3Y-0.4%
OCF growth 5Y7.61%