OTCPK:AMIV.F

Stock Analysis Report

Atrium Mortgage Investment

Executive Summary

Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Saskatchewan, Alberta, and British Columbia in Canada.

Snowflake

Fundamentals

Acceptable track record unattractive dividend payer.

Share Price & News

How has Atrium Mortgage Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.9%

OTCPK:AMIV.F

0.9%

US Mortgage

0.2%

US Market


1 Year Return

-0.4%

OTCPK:AMIV.F

-2.0%

US Mortgage

-0.7%

US Market

AMIV.F matched the Mortgage industry (-0.3%) over the past year.

AMIV.F matched the United States of America Market (0.3%) over the past year.


Share holder returns

AMIV.FIndustryMarket
7 Day1.9%0.9%0.2%
30 Day1.9%-1.9%-2.7%
90 Day1.9%-0.4%1.6%
1 Year6.9%-0.4%0.05%-2.0%1.6%-0.7%
3 Year38.8%10.8%32.3%23.5%40.0%30.9%
5 Yearn/a56.8%40.3%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Atrium Mortgage Investment undervalued based on future cash flows and its price relative to the stock market?

14.19x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Atrium Mortgage Investment's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Atrium Mortgage Investment's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Atrium Mortgage Investment is overvalued based on earnings compared to the US Mortgage industry average.

Atrium Mortgage Investment is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Atrium Mortgage Investment, we can't assess if its growth is good value.


Price Based on Value of Assets

Atrium Mortgage Investment is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Atrium Mortgage Investment expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

-0.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Atrium Mortgage Investment's revenue is expected to grow by 15.5% yearly, however this is not considered high growth (20% yearly).

Atrium Mortgage Investment's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Atrium Mortgage Investment's revenue growth is expected to exceed the United States of America market average.

Atrium Mortgage Investment's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Atrium Mortgage Investment's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Atrium Mortgage Investment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Atrium Mortgage Investment performed over the past 5 years?

11.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Atrium Mortgage Investment's year on year earnings growth rate has been positive over the past 5 years.

Atrium Mortgage Investment's 1-year earnings growth exceeds its 5-year average (14.3% vs 11.9%)

Atrium Mortgage Investment's earnings growth has not exceeded the US Mortgage industry average in the past year (14.3% vs 32.9%).


Return on Equity

Atrium Mortgage Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Atrium Mortgage Investment used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Atrium Mortgage Investment improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Atrium Mortgage Investment's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Unable to establish if Atrium Mortgage Investment has an acceptable proportion of non-loan assets without balance sheet data.

Unable to establish if Atrium Mortgage Investment has a sufficient allowance for bad loans without relevant financial data.

Unable to establish if Atrium Mortgage Investment's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.

Atrium Mortgage Investment's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Atrium Mortgage Investment reports no customer deposits, loans are made up entirely of borrowed funds.

Unable to establish if Atrium Mortgage Investment has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is Atrium Mortgage Investment's current dividend yield, its reliability and sustainability?

7.06%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Atrium Mortgage Investment before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Atrium Mortgage Investment's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Atrium Mortgage Investment's dividend is above the markets top 25% of dividend payers in United States of America (3.83%).

Whilst dividend payments have been stable, Atrium Mortgage Investment has been paying a dividend for less than 10 years.

Dividend payments have increased, but Atrium Mortgage Investment only paid a dividend in the past 7 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Atrium Mortgage Investment's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

Rob Goodall (61yo)

25.0yrs

Tenure

CA$945,055

Compensation

Mr. Robert G. Goodall, also known as Rob, MBA, is the founder of Atrium Mortgage Investment Corporation. Mr. Goodall has been the Chief Executive Officer of Atrium Mortgage Investment Corporation since Au ...


CEO Compensation Analysis

Rob's remuneration is lower than average for companies of similar size in United States of America.

Rob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.9yrs

Average Tenure

The tenure for the Atrium Mortgage Investment management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

61yo

Average Age

The tenure for the Atrium Mortgage Investment board of directors is about average.


Insider Trading

Atrium Mortgage Investment individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellCA$20,51008 Aug 19
The Murray Frum Foundation
EntityCompany
Shares2,000
Max PriceCA$10.26
SellCA$10,38127 Jun 19
The Murray Frum Foundation
EntityCompany
Shares1,000
Max PriceCA$10.40
SellCA$96,78119 Jun 19
Mark Silver
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares9,600
Max PriceCA$10.08
SellCA$259,87918 Jun 19
Mark Silver
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares25,800
Max PriceCA$10.07
SellCA$1,040,17517 Jun 19
Mark Silver
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares102,450
Max PriceCA$10.17
SellCA$39,67819 Feb 19
The Murray Frum Foundation
EntityCompany
Shares4,000
Max PriceCA$9.94
BuyCA$8,74725 Dec 18
Jennifer Scoffield
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares1,000
Max PriceCA$8.77
BuyCA$4,69921 Dec 18
Jennifer Scoffield
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares500
Max PriceCA$9.40

Ownership Breakdown


Management Team

  • Rob Goodall (61yo)

    Founder

    • Tenure: 25.0yrs
    • Compensation: CA$945.06k
  • Phil Fiuza

    Managing Director of Ontario - Residential

    • Tenure: 0.0yrs
  • Bram Rothman

    Managing Director of Ontario

    • Tenure: 0.0yrs
  • Marianne Dobslaw

    Managing Director of British Columbia

    • Tenure: 5.3yrs
  • Richard Munroe

    Managing Director of Ontario

    • Tenure: 2.9yrs
  • Jennifer Scoffield

    CFO & Secretary

    • Tenure: 1.6yrs
    • Compensation: CA$240.03k
  • Adam McDonald

    Treasurer & Controller

    • Tenure: 2.8yrs

Board Members

  • Rob Goodall (61yo)

    Founder

    • Tenure: 25.0yrs
    • Compensation: CA$945.06k
  • Peter Cohos (60yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: CA$53.15k
  • Maish Kagan (63yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$22.91k
  • Nancy H. Lockhart (64yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: CA$52.44k
  • Mark Silver (59yo)

    Chairman of the Board

    • Tenure: 6.3yrs
    • Compensation: CA$62.22k
  • Robert DeGasperis (54yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: CA$45.76k
  • Andrew Grant (68yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: CA$46.20k

Company Information

Atrium Mortgage Investment Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Atrium Mortgage Investment Corporation
  • Ticker: AMIV.F
  • Exchange: OTCPK
  • Founded: 2001
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: CA$538.495m
  • Listing Market Cap: CA$404.136m
  • Shares outstanding: 39.45m
  • Website: https://www.atriummic.com

Number of Employees


Location

  • Atrium Mortgage Investment Corporation
  • 20 Adelaide Street East
  • Suite 900
  • Toronto
  • Ontario
  • M5C 2T6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AITSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 2012
AMIV.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2012

Biography

Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Saskatchewan, Alberta, and British Columbia in Canada. It offers various types of mortgage loa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:20
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
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.