TSX:AIM

Stock Analysis Report

Executive Summary

Aimia Inc., through its subsidiaries, operates as a data-driven marketing and loyalty analytics company worldwide.


Snowflake Analysis

Flawless balance sheet and 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.5%

AIM

-0.6%

CA Media

0.1%

CA Market


1 Year Return

-12.8%

AIM

3.7%

CA Media

4.7%

CA Market

Return vs Industry: AIM underperformed the Canadian Media industry which returned 3.7% over the past year.

Return vs Market: AIM underperformed the Canadian Market which returned 4.7% over the past year.


Shareholder returns

AIMIndustryMarket
7 Day-1.5%-0.6%0.1%
30 Day-6.3%-1.4%0.8%
90 Day-16.2%-6.3%3.7%
1 Year40.5%-12.8%7.5%3.7%7.9%4.7%
3 Year-35.3%-64.5%21.5%7.4%17.9%7.3%
5 Year-45.8%-74.6%21.7%-2.5%33.8%14.4%

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?

0.62x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the Media industry average.

PE vs Market: AIM is unprofitable, so we can't compare its PE Ratio to the Canadian market.


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 good value based on its PB Ratio (0.6x) 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?

-5.5%

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 is expected to decline over the next 3 years (-5.5% per year).

High Growth Revenue: AIM's revenue is forecast to decline over the next 3 years (-5.5% 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?

-25.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIM is currently unprofitable.

Growing Profit Margin: AIM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AIM is unprofitable, and losses have increased over the past 5 years at a rate of -25.2% per year.

Accelerating Growth: Unable to compare AIM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AIM is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (5.3%).


Return on Equity

High ROE: AIM has a negative Return on Equity (-18.59%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Aimia's financial position?


Financial Position Analysis

Short Term Liabilities: AIM's short term assets (CA$453.7M) exceed its short term liabilities (CA$117.4M).

Long Term Liabilities: AIM's short term assets (CA$453.7M) exceed its long term liabilities (CA$19.7M).


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 80.1%.


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 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AIM has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -12.2% each year


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?

1.8yrs

Average management tenure


CEO

Jeremy Rabe (42yo)

1.8yrs

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 ($USD1.42M) is above average for companies of similar size in the Canadian market ($USD663.47K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Rabe
CEO, President & Director1.8yrsCA$1.88m0.00048% CA$1.5k
Steven Leonard
Chief Financial Officer0.8yrsCA$687.02k0.0076% CA$23.2k
Karen Keyes
Senior Vice President of Investor Relations0yrsno datano data
Edouard Vo-Quang
General Counsel & Corporate Secretary1.8yrsno data0.0070% CA$21.6k
Tammy Smitham
Vice President of Communications & Public Affairs0yrsno datano data
Tom Tran
Director of Investor Relations0yrsno datano data

1.8yrs

Average Tenure

Experienced Management: AIM's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jeremy Rabe
CEO, President & Director1.8yrsCA$1.88m0.00048% CA$1.5k
Thomas Gardner
Independent Director3.2yrsCA$208.88kno data
Dieter Jentsch
Independent Director0.6yrsno datano data
Linda Pikulin
Independent Director0.7yrsno data0.019% CA$58.9k
Richard Baker
Chairman of European Advisory Board11yrsno datano data
William McEwan
Independent Chairman0.9yrsCA$220.30kno data
Frederick Mifflin
Independent Director0.6yrsno data0.0060% CA$18.3k
Robert Kreidler
Independent Director2.8yrsCA$198.01kno data
Philip Mittleman
Independent Director1.8yrsCA$133.59k0.34% CA$1.0m

1.8yrs

Average Tenure

58yo

Average Age

Experienced Board: AIM's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: AIM insiders have only sold shares 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$306.851m
  • Shares outstanding: 93.84m
  • Website: https://corp.aimia.com/about/

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., through its subsidiaries, operates as a data-driven marketing and loyalty analytics company worldwide. It operates in two segments, Coalitions, and Insights & Loyalty Solutions. The Coalitions segment invests in Club Premier, a Mexican coalition loyalty program; and BIG Loyalty, AirAsia’s loyalty program. The Insights & Loyalty Solutions segment provides comprehensive end-to-end loyalty solutions to clients with loyalty strategy, program design, implementation, campaign, analytics, and rewards fulfillment; and Air Miles Middle East program, analytics platform and services, and insights. This segment is also involved in the deployment of its loyalty platforms, including Aimia Loyalty Platform - Enterprise and Aimia Loyalty Platform – SAAS; and product development activities. 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 teleco 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 Analysis2020/02/23 02:09
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.