Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia in Canada.
Proven track record and fair value.
Share Price & News
How has Atrium Mortgage Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AI underperformed the Canadian Mortgage industry which returned -24.1% over the past year.
Return vs Market: AI underperformed the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is Atrium Mortgage Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Does Atrium Mortgage Investment's (TSE:AI) P/E Compare To Its Industry, After The Share Price Drop?
1 month ago | Simply Wall StDividend Investors: Don't Be Too Quick To Buy Atrium Mortgage Investment Corporation (TSE:AI) For Its Upcoming Dividend
1 month ago | Simply Wall StIs Atrium Mortgage Investment Corporation (TSE:AI) Overpaying Its CEO?
Is Atrium Mortgage Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AI (CA$8.78) is trading below our estimate of fair value (CA$12.98)
Significantly Below Fair Value: AI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AI is poor value based on its PE Ratio (9x) compared to the Mortgage industry average (6.7x).
PE vs Market: AI is good value based on its PE Ratio (9x) compared to the Canadian market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: AI is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: AI is overvalued based on its PB Ratio (0.8x) compared to the CA Mortgage industry average (0.7x).
How is Atrium Mortgage Investment forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AI's forecast earnings growth (3.9% per year) is above the savings rate (1.4%).
Earnings vs Market: AI's earnings (3.9% per year) are forecast to grow slower than the Canadian market (7.4% per year).
High Growth Earnings: AI's earnings are forecast to grow, but not significantly.
Revenue vs Market: AI's revenue (16.2% per year) is forecast to grow faster than the Canadian market (3.8% per year).
High Growth Revenue: AI's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AI's Return on Equity is forecast to be low in 3 years time (8.7%).
How has Atrium Mortgage Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AI has high quality earnings.
Growing Profit Margin: AI's current net profit margins (80.8%) are lower than last year (81.5%).
Past Earnings Growth Analysis
Earnings Trend: AI's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: AI's earnings growth over the past year (14.2%) exceeds its 5-year average (12.2% per year).
Earnings vs Industry: AI earnings growth over the past year (14.2%) exceeded the Mortgage industry 12.7%.
Return on Equity
High ROE: AI's Return on Equity (8.5%) is considered low.
How is Atrium Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AI has a low level of unsold assets or inventory.
Debt Coverage by Assets: AI's debt is covered by short term assets (assets are 2.6x debt).
Financial Institutions Analysis
Asset Level: AI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AI has a sufficient allowance for bad loans.
Low Risk Liabilities: AI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AI has an appropriate level of bad loans.
What is Atrium Mortgage Investment's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AI's dividend (10.93%) is higher than the bottom 25% of dividend payers in the Canadian market (2.71%).
High Dividend: AI's dividend (10.93%) is in the top 25% of dividend payers in the Canadian market (8.69%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AI has been paying a dividend for less than 10 years.
Growing Dividend: AI's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (92.4%), AI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AI's dividends in 3 years are not forecast to be well covered by earnings (95.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Goodall (61yo)
Mr. Robert G. Goodall, also known as Rob, MBA, is the founder of Atrium Mortgage Investment Corporation. Mr. Goodall has been the Chief Executive Officer of Atrium Mortgage Investment Corporation since Au ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD668.38K) is about average for companies of similar size in the Canadian market ($USD771.33K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
|CFO & Secretary||2.17yrs||CA$240.03k||0.036% CA$135.5k|
|Managing Director of Ontario - Residential||no data||no data||no data|
|Managing Director of Ontario||no data||no data||no data|
|Managing Director of British Columbia||5.83yrs||no data||no data|
|Managing Director of Ontario||3.42yrs||no data||no data|
|Treasurer & Controller||3.25yrs||no data||no data|
Experienced Management: AI's management team is considered experienced (3.4 years average tenure).
|Independent Director||8yrs||CA$53.15k||0.43% CA$1.6m|
|Independent Director||1.83yrs||CA$22.91k||0.030% CA$109.7k|
|Independent Director||6.67yrs||CA$52.44k||0.82% CA$3.0m|
|Independent Chairman of the Board||6.83yrs||CA$62.22k||0.43% CA$1.6m|
|Independent Director||8yrs||CA$45.76k||0.28% CA$1.0m|
|Independent Director||5.42yrs||CA$46.20k||0.089% CA$331.7k|
Experienced Board: AI's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.3%.
Atrium Mortgage Investment Corporation's company bio, employee growth, exchange listings and data sources
- Name: Atrium Mortgage Investment Corporation
- Ticker: AI
- Exchange: TSX
- Founded: 2001
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: CA$371.356m
- Shares outstanding: 42.30m
- Website: https://www.atriummic.com
Number of Employees
- Atrium Mortgage Investment Corporation
- 20 Adelaide Street East
- Suite 900
- M5C 2T6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 2012|
|AMIV.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 2012|
Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia in Canada. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, including first and second mortgages; infill construction and financing; land and land assembly financing for stacked and traditional townhomes, single detached homes, and low-rise and midrise condominiums; and bridge and term financing. The company was founded in 2001 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:36|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.