AIF Stock Overview
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific.
Altus Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$52.45|
|52 Week High||CA$72.33|
|52 Week Low||CA$41.27|
|1 Month Change||11.74%|
|3 Month Change||13.65%|
|1 Year Change||-12.04%|
|3 Year Change||39.87%|
|5 Year Change||65.04%|
|Change since IPO||411.71%|
Recent News & Updates
Here's Why Altus Group (TSE:AIF) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|AIF||CA Real Estate||CA Market|
Return vs Industry: AIF matched the Canadian Real Estate industry which returned -12% over the past year.
Return vs Market: AIF underperformed the Canadian Market which returned -1.9% over the past year.
|AIF Average Weekly Movement||4.5%|
|Real Estate Industry Average Movement||6.0%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.4%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: AIF is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AIF's weekly volatility (5%) has been stable over the past year.
About the Company
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.
Altus Group Fundamentals Summary
|AIF fundamental statistics|
Is AIF overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIF income statement (TTM)|
|Cost of Revenue||CA$425.20m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 11, 2022
|Earnings per share (EPS)||0.26|
|Net Profit Margin||1.76%|
How did AIF perform over the long term?See historical performance and comparison
1.1%Current Dividend Yield
Is AIF undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 AIF?
Other financial metrics that can be useful for relative valuation.
|What is AIF's n/a Ratio?|
Price to Sales Ratio vs Peers
How does AIF's PS Ratio compare to its peers?
|AIF PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
CIGI Colliers International Group
REAL Real Matters
ISV Information Services
AIF Altus Group
Price-To-Sales vs Peers: AIF is expensive based on its Price-To-Sales Ratio (3.6x) compared to the peer average (1.5x).
Price to Earnings Ratio vs Industry
How does AIF's PE Ratio compare vs other companies in the CA Real Estate Industry?
Price-To-Sales vs Industry: AIF is good value based on its Price-To-Sales Ratio (3.6x) compared to the Canadian Real Estate industry average (4.2x)
Price to Sales Ratio vs Fair Ratio
What is AIF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||3.6x|
|Fair PS Ratio||2.7x|
Price-To-Sales vs Fair Ratio: AIF is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).
Share Price vs Fair Value
What is the Fair Price of AIF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AIF (CA$52.45) is trading below our estimate of fair value (CA$83.35)
Significantly Below Fair Value: AIF 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 Altus Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score4/6
Future Growth Score 4/6
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: AIF's forecast earnings growth (91.4% per year) is above the savings rate (1.6%).
Earnings vs Market: AIF's earnings (91.4% per year) are forecast to grow faster than the Canadian market (7.6% per year).
High Growth Earnings: AIF's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AIF's revenue (8.4% per year) is forecast to grow faster than the Canadian market (6% per year).
High Growth Revenue: AIF's revenue (8.4% 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 AIF's Return on Equity is forecast to be high in 3 years time
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How has Altus Group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIF has a large one-off loss of CA$23.8M impacting its March 31 2022 financial results.
Growing Profit Margin: AIF's current net profit margins (1.8%) are lower than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: AIF's earnings have declined by 30% per year over the past 5 years.
Accelerating Growth: AIF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AIF had negative earnings growth (-58.6%) over the past year, making it difficult to compare to the Real Estate industry average (41.1%).
Return on Equity
High ROE: AIF's Return on Equity (2.1%) is considered low.
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How is Altus Group's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AIF's short term assets (CA$268.5M) exceed its short term liabilities (CA$177.8M).
Long Term Liabilities: AIF's short term assets (CA$268.5M) do not cover its long term liabilities (CA$409.5M).
Debt to Equity History and Analysis
Debt Level: AIF's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: AIF's debt to equity ratio has increased from 42.5% to 55% over the past 5 years.
Debt Coverage: AIF's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: AIF's interest payments on its debt are well covered by EBIT (6.6x coverage).
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What is Altus Group current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AIF's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.96%).
High Dividend: AIF's dividend (1.14%) is low compared to the top 25% of dividend payers in the Canadian market (5.36%).
Stability and Growth of Payments
Stable Dividend: AIF's dividends per share have been stable in the past 10 years.
Growing Dividend: AIF's dividend payments have not increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (221.6%), AIF's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (79.3%), AIF's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Jim Hannon is the Chief Executive Officer at Altus Group Limited since April 1, 2022 and served as its President of Altus Analytics Business Segment since December 2020. Mr. Hannon has a proven track r...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.10M) is below average for companies of similar size in the Canadian market ($USD2.22M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Experienced Management: AIF's management team is considered experienced (4.6 years average tenure).
Experienced Board: AIF's board of directors are considered experienced (4.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AIF 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 7.4%.
Altus Group Limited's employee growth, exchange listings and data sources
- Name: Altus Group Limited
- Ticker: AIF
- Exchange: TSX
- Founded: 2005
- Industry: Real Estate Services
- Sector: Real Estate
- Implied Market Cap: CA$2.334b
- Shares outstanding: 44.49m
- Website: https://www.altusgroup.com
Number of Employees
- Altus Group Limited
- 33 Yonge Street
- Suite 500
- M5E 1G4
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/06 00:00|
|End of Day Share Price||2022/08/05 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.