Altus Group Future Growth

Future criteria checks 3/6

Altus Group's revenue is forecast to decline at 12.1% per annum while its annual earnings are expected to grow at 57.3% per year. EPS is expected to grow by 51.3% per annum. Return on equity is forecast to be 15.1% in 3 years.

Key information

57.3%

Earnings growth rate

51.3%

EPS growth rate

Real Estate earnings growth	22.4%
Revenue growth rate	-12.1%
Future return on equity	15.1%
Analyst coverage	Good
Last updated	19 Dec 2024

Recent future growth updates

Recent updates

Is There An Opportunity With Altus Group Limited's (TSE:AIF) 49% Undervaluation?

Apr 17

Calculating The Fair Value Of Altus Group Limited (TSE:AIF)

Jan 10

Altus Group (TSE:AIF) Has Announced A Dividend Of CA$0.15

Dec 20

Does Altus Group (TSE:AIF) Have A Healthy Balance Sheet?

Dec 15

Altus Group (TSE:AIF) Is Paying Out A Dividend Of CA$0.15

Nov 15

Altus Group (TSE:AIF) Has Affirmed Its Dividend Of CA$0.15

Aug 30

Altus Group (TSE:AIF) Has Announced A Dividend Of CA$0.15

Aug 15

At CA$45.26, Is It Time To Put Altus Group Limited (TSE:AIF) On Your Watch List?

Jun 22

Altus Group (TSE:AIF) Has Announced A Dividend Of CA$0.15

Mar 24

A Look At The Fair Value Of Altus Group Limited (TSE:AIF)

Mar 22

Should You Investigate Altus Group Limited (TSE:AIF) At CA$58.84?

Mar 03

Altus Group (TSE:AIF) Seems To Use Debt Quite Sensibly

Feb 13

Altus Group (TSE:AIF) Is Due To Pay A Dividend Of CA$0.15

Dec 13

Why Altus Group Limited (TSE:AIF) Could Be Worth Watching

Dec 02

Earnings and Revenue Growth Forecasts

TSX:AIF - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	610	60	105	118	4
12/31/2025	562	168	66	80	7
12/31/2024	670	10	72	84	7
9/30/2024	778	12	88	100	N/A
6/30/2024	774	11	106	118	N/A
3/31/2024	782	12	88	99	N/A
12/31/2023	773	10	59	71	N/A
9/30/2023	562	-34	38	54	N/A
6/30/2023	616	-24	21	42	N/A
3/31/2023	759	8	28	53	N/A
12/31/2022	735	-1	53	77	N/A
9/30/2022	715	15	40	60	N/A
6/30/2022	689	8	26	42	N/A
3/31/2022	656	12	34	45	N/A
12/31/2021	625	26	46	56	N/A
9/30/2021	602	23	70	78	N/A
6/30/2021	585	33	96	102	N/A
3/31/2021	567	28	88	92	N/A
12/31/2020	561	27	68	72	N/A
9/30/2020	560	29	60	64	N/A
6/30/2020	552	24	52	57	N/A
3/31/2020	540	25	39	44	N/A
12/31/2019	526	24	46	52	N/A
9/30/2019	518	3	35	43	N/A
6/30/2019	512	-3	40	48	N/A
3/31/2019	503	-16	36	46	N/A
12/31/2018	510	-18	37	49	N/A
9/30/2018	502	-7	41	55	N/A
6/30/2018	498	2	N/A	48	N/A
3/31/2018	492	107	N/A	54	N/A
12/31/2017	477	109	N/A	58	N/A
9/30/2017	470	122	N/A	53	N/A
6/30/2017	463	109	N/A	51	N/A
3/31/2017	445	17	N/A	54	N/A
12/31/2016	443	14	N/A	67	N/A
9/30/2016	439	12	N/A	70	N/A
6/30/2016	430	16	N/A	63	N/A
3/31/2016	425	6	N/A	58	N/A
12/31/2015	416	9	N/A	48	N/A
9/30/2015	398	8	N/A	44	N/A
6/30/2015	381	12	N/A	47	N/A
3/31/2015	360	9	N/A	52	N/A
12/31/2014	340	13	N/A	49	N/A
9/30/2014	330	15	N/A	56	N/A
6/30/2014	318	13	N/A	46	N/A
3/31/2014	307	17	N/A	34	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIF's forecast earnings growth (57.3% per year) is above the savings rate (2.3%).

Earnings vs Market: AIF's earnings (57.3% per year) are forecast to grow faster than the Canadian market (15.2% per year).

High Growth Earnings: AIF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIF's revenue is expected to decline over the next 3 years (-12.1% per year).

High Growth Revenue: AIF's revenue is forecast to decline over the next 3 years (-12.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AIF's Return on Equity is forecast to be low in 3 years time (15.1%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 10:20
End of Day Share Price	2024/12/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Altus Group Limited is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen MacLeod	BMO Capital Markets Equity Research
Yuri Lynk	Canaccord Genuity
Scott Fletcher	CIBC Capital Markets

Altus Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 17%

Price target increased by 7.1% to CA$58.89

Consensus EPS estimates fall by 18%

Price target decreased by 10% to CA$58.44

Recent updates

Upcoming dividend of CA$0.15 per share

Is Now The Time To Look At Buying Altus Group Limited (TSE:AIF)?

Independent Director recently bought CA$1.9m worth of stock

Independent Director recently sold CA$1.6m worth of stock

A Look At The Intrinsic Value Of Altus Group Limited (TSE:AIF)

Independent Director recently bought CA$929k worth of stock

Altus Group's (TSE:AIF) Performance Is Even Better Than Its Earnings Suggest

Third quarter dividend of CA$0.15 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Altus Group Limited Approves Cash Dividend for the Fourth Quarter Ending December 31, 2024, Payable on January 15, 2025

Altus Group (TSE:AIF) Seems To Use Debt Quite Sensibly

Altus Group Limited to Report Q3, 2024 Results on Nov 07, 2024

New minor risk - Insider selling

Independent Director recently bought CA$2.1m worth of stock

Independent Director recently bought CA$2.1m worth of stock

Upcoming dividend of CA$0.15 per share

Altus Group's (TSE:AIF) Dividend Will Be CA$0.15

Consensus revenue estimates fall by 17%

Altus Group (TSE:AIF) Has Affirmed Its Dividend Of CA$0.15

Second quarter dividend of CA$0.15 announced

Altus Group Limited Approves Quarterly Dividend, Payable on October 15, 2024

New major risk - Financial position

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.1% to CA$58.89

Altus Group Limited Appoints Dan Hurley as Chief Revenue Officer

Ryan, LLC signed a definitive agreement to acquire Property Tax business of Altus Group Limited (TSX:AIF) for CAD 700 million.

Altus Group Limited to Report Q2, 2024 Results on Aug 08, 2024

Altus Group (TSE:AIF) Is Paying Out A Dividend Of CA$0.15

High number of new directors

Consensus EPS estimates fall by 18%

First quarter dividend of CA$0.15 announced

Shareholders Should Be Pleased With Altus Group Limited's (TSE:AIF) Price

First quarter 2024 earnings released

Altus Group Limited Declares Dividend for the Second Quarter Ending June 30, 2024, Payable on July 15, 2024

Is There An Opportunity With Altus Group Limited's (TSE:AIF) 49% Undervaluation?

Altus Group Limited to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of CA$0.15 per share

New minor risk - Insider selling

Insider recently sold CA$575k worth of stock

Chief Executive Officer exercised options to buy CA$339k worth of stock.

Fourth quarter dividend of CA$0.15 announced

New minor risk - Earnings quality

Full year 2023 earnings: EPS misses analyst expectations

Altus Group Limited, Annual General Meeting, May 01, 2024

Altus Group Limited to Report Q4, 2023 Results on Feb 22, 2024

Calculating The Fair Value Of Altus Group Limited (TSE:AIF)

Now 21% undervalued after recent price drop

Upcoming dividend of CA$0.15 per share at 1.4% yield

Altus Group (TSE:AIF) Has Announced A Dividend Of CA$0.15

Does Altus Group (TSE:AIF) Have A Healthy Balance Sheet?

Altus Group (TSE:AIF) Is Paying Out A Dividend Of CA$0.15

Price target decreased by 10% to CA$58.44

Altus Group Limited Approves Cash Dividend for the Fourth Quarter Ending December 31, 2023, Payable on January 15, 2024

Altus Group Limited (TSX:AIF) entered into a definitive agreement to acquire Commercial Real Estate Valuation Services Business from Situs Group LLC for approximately $230 million.

Altus Group Limited to Report Q3, 2023 Results on Nov 09, 2023

Upcoming dividend of CA$0.15 per share at 1.2% yield

Altus Group (TSE:AIF) Has Affirmed Its Dividend Of CA$0.15

Altus Group (TSE:AIF) Has Announced A Dividend Of CA$0.15

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Altus Group Limited Approves Cash Dividend for the Third Quarter Ending September 30, 2023, Payable on October 16, 2023

Altus Group Limited to Report Q2, 2023 Results on Aug 10, 2023

At CA$45.26, Is It Time To Put Altus Group Limited (TSE:AIF) On Your Watch List?

Altus Group Limited Approves Cash Dividend for the Second Quarter Ending June 30, 2023, Payable on July 17, 2023

Now 31% undervalued after recent price drop

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 22% undervalued

Now 22% undervalued

Independent Director recently bought CA$66k worth of stock

Altus Group (TSE:AIF) Has Announced A Dividend Of CA$0.15

A Look At The Fair Value Of Altus Group Limited (TSE:AIF)

Now 22% undervalued