TSX:AIM

Stock Analysis Report

Executive Summary

Aimia Inc., together with its subsidiaries, engages in loyalty solution business in Canada, the United Kingdom, the United Arab Emirates, the United States, Australia, and others.It invests in Club Premier, a Mexican coalition loyalty program; and BIG Loyalty, AirAsia’s loyalty program.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Aimia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AIM's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.9%

AIM

10.0%

CA Media

4.5%

CA Market


1 Year Return

-50.3%

AIM

-13.4%

CA Media

-24.5%

CA Market

Return vs Industry: AIM underperformed the Canadian Media industry which returned -13.4% over the past year.

Return vs Market: AIM underperformed the Canadian Market which returned -24.5% over the past year.


Shareholder returns

AIMIndustryMarket
7 Day4.9%10.0%4.5%
30 Day-39.9%-6.5%-20.1%
90 Day-46.1%-15.4%-24.9%
1 Year-50.3%-50.3%-10.6%-13.4%-22.0%-24.5%
3 Year-61.0%-78.1%4.4%-7.7%-14.2%-22.2%
5 Year-70.3%-85.8%10.1%-11.9%-1.9%-16.5%

Price Volatility Vs. Market

How volatile is Aimia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aimia undervalued compared to its fair value and its price relative to the market?

5.31x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AIM's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AIM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AIM is good value based on its PE Ratio (5.3x) compared to the Media industry average (6.7x).

PE vs Market: AIM is good value based on its PE Ratio (5.3x) compared to the Canadian market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AIM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AIM is overvalued based on its PB Ratio (0.9x) compared to the CA Media industry average (0.7x).


Next Steps

Future Growth

How is Aimia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AIM's forecast earnings growth is above the savings rate (1.4%).

Earnings vs Market: Insufficient data to determine if AIM's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIM's revenue (1.9% per year) is forecast to grow slower than the Canadian market (3.8% per year).

High Growth Revenue: AIM's revenue (1.9% 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 AIM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Aimia performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIM has a large one-off gain of CA$72.6M impacting its December 31 2019 financial results.

Growing Profit Margin: AIM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AIM has become profitable over the past 5 years, growing earnings by -24% per year.

Accelerating Growth: AIM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AIM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (81.7%).


Return on Equity

High ROE: AIM's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is Aimia's financial position?


Financial Position Analysis

Short Term Liabilities: AIM's short term assets (CA$368.2M) exceed its short term liabilities (CA$119.7M).

Long Term Liabilities: AIM's short term assets (CA$368.2M) exceed its long term liabilities (CA$16.5M).


Debt to Equity History and Analysis

Debt Level: AIM is debt free.

Reducing Debt: AIM has no debt compared to 5 years ago when its debt to equity ratio was 83%.


Balance Sheet

Inventory Level: AIM has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AIM's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AIM is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: AIM is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Aimia's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AIM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AIM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AIM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AIM is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AIM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Jeremy Rabe (42yo)

1.83s

Tenure

CA$1,879,119

Compensation

Mr. Jeremy Rabe has been Chief Executive Officer of Aimia Inc since May 8, 2018 and is the President. He served as its President from May 8, 2018 to August 2018. Mr. Rabe is the Founder and Managing Partne ...


CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD1.33M) is above average for companies of similar size in the Canadian market ($USD159.13K).

Compensation vs Earnings: Insufficient data to compare Jeremy's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Rabe
CEO, President & Director1.83yrsCA$1.88m0.00048% CA$873.8
Steven Leonard
Chief Financial Officer0.83yrCA$687.02k0.010% CA$18.4k
Edouard Vo-Quang
General Counsel & Corporate Secretary1.83yrsno data0.0094% CA$17.1k
Alexandra Pepin
Vice President of Talent & Culture1.17yrsno datano data
Joshua Chandler
VP of Mergers & Acquisitions and Treasurerno datano datano data
Tom Tran
Director of Investor Relationsno datano datano data

1.5yrs

Average Tenure

Experienced Management: AIM's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AIM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aimia Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aimia Inc.
  • Ticker: AIM
  • Exchange: TSX
  • Founded: 1984
  • Industry: Advertising
  • Sector: Media
  • Market Cap: CA$182.046m
  • Shares outstanding: 93.84m
  • Website: https://www.aimia.com

Number of Employees


Location

  • Aimia Inc.
  • 777 Bay Street
  • Suite 2901
  • Toronto
  • Ontario
  • M5G 2C8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIMTSX (The Toronto Stock Exchange)YesCommon StockCACADJun 2005
GA7DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2005
GAPF.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 2005
0UGPLSE (London Stock Exchange)YesCommon StockGBCADJun 2005
AIM.PRATSX (The Toronto Stock Exchange)PFD-1CACADJan 2010
AIM.PRCTSX (The Toronto Stock Exchange)CUM RT PFD SER 3CACADJan 2014
AIM.PRBTSX (The Toronto Stock Exchange)CUM FLT PFD-2CACADApr 2015

Biography

Aimia Inc., together with its subsidiaries, engages in loyalty solution business in Canada, the United Kingdom, the United Arab Emirates, the United States, Australia, and others.It invests in Club Premier, a Mexican coalition loyalty program; and BIG Loyalty, AirAsia’s loyalty program. The company offers loyalty strategy, program design, implementation, campaign, analytics, and rewards fulfillment; and the Middle East loyalty solutions business, which includes the Air Miles Middle East coalition program, as well as Intelligent Shopper Solutions (ISS), Aimia's international data analytics and insights services. It deploys loyalty platforms, including Aimia Loyalty Platform - Enterprise and Aimia Loyalty Platform – SAAS. The company is also involved in the investment business. It provides its loyalty solutions for various brands in the retail, consumer packaged goods, travel and hospitality, financial services, and entertainment verticals. The company was formerly known as Groupe Aeroplan Inc. and changed its name to Aimia Inc. in October 2011. Aimia Inc. was founded in 1984 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 01:02
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.