AI Stock Overview
Atrium Mortgage Investment Corporation, a non-bank lender, provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia.
Atrium Mortgage Investment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$12.06|
|52 Week High||CA$15.49|
|52 Week Low||CA$11.04|
|1 Month Change||7.30%|
|3 Month Change||-6.00%|
|1 Year Change||-17.28%|
|3 Year Change||-11.65%|
|5 Year Change||-2.27%|
|Change since IPO||9.64%|
Recent News & Updates
Atrium Mortgage Investment (TSE:AI) Is Paying Out A Dividend Of CA$0.075
Atrium Mortgage Investment Corporation ( TSE:AI ) has announced that it will pay a dividend of CA$0.075 per share on...
|AI||CA Mortgage||CA Market|
Return vs Industry: AI exceeded the Canadian Mortgage industry which returned -20.9% over the past year.
Return vs Market: AI underperformed the Canadian Market which returned 1% over the past year.
|AI Average Weekly Movement||3.5%|
|Mortgage Industry Average Movement||3.2%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||18.9%|
|10% least volatile stocks in CA Market||4.3%|
Stable Share Price: AI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AI's weekly volatility (3%) has been stable over the past year.
About the Company
Atrium Mortgage Investment Corporation, a non-bank lender, provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, which includes 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 incorporated in 2001 and is headquartered in Toronto, Canada.
Atrium Mortgage Investment Fundamentals Summary
|AI fundamental statistics|
Is AI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AI income statement (TTM)|
|Cost of Revenue||CA$7.91m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Aug 17, 2022
|Earnings per share (EPS)||0.99|
|Net Profit Margin||79.17%|
How did AI perform over the long term?See historical performance and comparison
8.0%Current Dividend Yield
Is AI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AI?
Other financial metrics that can be useful for relative valuation.
|What is AI's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AI's PE Ratio compare to its peers?
|AI PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
FC Firm Capital Mortgage Investment
MKP MCAN Mortgage
TF Timbercreek Financial
HCG Home Capital Group
AI Atrium Mortgage Investment
Price-To-Earnings vs Peers: AI is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (12.3x).
Price to Earnings Ratio vs Industry
How does AI's PE Ratio compare vs other companies in the North American Mortgage Industry?
Price-To-Earnings vs Industry: AI is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the Canadian Mortgage industry average (9.1x)
Price to Earnings Ratio vs Fair Ratio
What is AI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||12.2x|
|Fair PE Ratio||10.5x|
Price-To-Earnings vs Fair Ratio: AI is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).
Share Price vs Fair Value
What is the Fair Price of AI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AI (CA$12.06) is trading below our estimate of fair value (CA$16.2)
Significantly Below Fair Value: AI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Atrium Mortgage Investment forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AI's forecast earnings growth (2.9% per year) is above the savings rate (1.6%).
Earnings vs Market: AI's earnings (2.9% per year) are forecast to grow slower than the Canadian market (8% per year).
High Growth Earnings: AI's earnings are forecast to grow, but not significantly.
Revenue vs Market: AI's revenue (12% per year) is forecast to grow faster than the Canadian market (6.5% per year).
High Growth Revenue: AI's revenue (12% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AI's Return on Equity is forecast to be high in 3 years time
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How has Atrium Mortgage Investment performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AI has high quality earnings.
Growing Profit Margin: AI's current net profit margins (79.2%) are lower than last year (81.4%).
Past Earnings Growth Analysis
Earnings Trend: AI's earnings have grown by 8.3% per year over the past 5 years.
Accelerating Growth: AI's earnings growth over the past year (6.4%) is below its 5-year average (8.3% per year).
Earnings vs Industry: AI earnings growth over the past year (6.4%) exceeded the Mortgage industry 2.3%.
Return on Equity
High ROE: AI's Return on Equity (8.9%) is considered low.
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How is Atrium Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score1/6
Financial Health Score 1/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: AI's Assets to Equity ratio (1.7x) 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, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if AI has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: AI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if AI has an appropriate level of bad loans.
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What is Atrium Mortgage Investment current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AI's dividend (8.04%) is higher than the bottom 25% of dividend payers in the Canadian market (1.84%).
High Dividend: AI's dividend (8.04%) is in the top 25% of dividend payers in the Canadian market (5.26%)
Stability and Growth of Payments
Stable Dividend: AI's dividend payments have been volatile in the past 10 years.
Growing Dividend: AI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its high payout ratio (90.5%), AI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Goodall (64 yo)
Mr. Robert G. Goodall, also known as Rob, MBA, had been Independent Trustee of Dream Office Real Estate Investment Trust since June 30, 2003 until June 7, 2022. He serves as an Independent Trustee of Sun R...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD773.27K) is below average for companies of similar size in the Canadian market ($USD1.25M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Experienced Management: AI's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: AI's board of directors are seasoned and experienced ( 10.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Atrium Mortgage Investment Corporation's 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
- Implied Market Cap: CA$519.658m
- Shares outstanding: 43.09m
- Website: https://www.atriummic.com/Default.aspx
Number of Employees
- Atrium Mortgage Investment Corporation
- 20 Adelaide Street East
- Suite 900
- M5C 2T6
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/16 00:00|
|End of Day Share Price||2022/08/16 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.